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identity theft, fraud prevention, cybersecurity, data theft

Global account fraud decreased 23% in 2020

Report also found that the catch rate for selfie fraud was five times greater than for ID fraud, highlighting the growing importance of capturing a selfie during onboarding to deter new account fraud
New data from Jumio reveals that new account fraud based on ID verification declined 23.2% worldwide YTD in 2020, compared to 2019 results. At the same time, selfie-based fraud rates were five times higher than ID-based fraud. This illustrates the growing number of stolen ID documents available on the dark web for purchase and, more importantly, the growing need to determine if an ID is authentic and belongs to the user.
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Attackers can exploit vulnerabilities in new 5G networks to steal subscriber data and impersonate users

Positive Technologies has published its “5G standalone core security assessment”. The report discusses vulnerabilities and threats for subscribers and mobile network operators, which stem from the use of new standalone 5G network cores. The vulnerabilities in protocols HTTP/2 and PFCP, used by standalone 5G networks, include the theft of subscriber profile data, impersonation attacks and faking subscriber authentication.
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OSAC 2020 Achievement awards

OSAC's 2020 Achievement Awards go to...

The annual OSAC Achievement Awards for 2020 took place via a virtual video reception. The awards honor to U.S. Department of State employees or groups and private-sector individuals. Read on to learn about this year's recipients.
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New spyware used by sextortionists to blackmail iOS and Android users exposed by Lookout

Lookout, Inc. announced the discovery of Goontact, a new spyware targeting iOS and Android users in multiple Asian countries. Uncovered by the Lookout Threat Intelligence team, Goontact targets users of illicit sites and steals personal information stored on their mobile devices. Evidence shows these sextortion scams are affecting Chinese-, Japanese- and Korean-speaking people. Goontact may also be operating in Thailand and Vietnam. Lookout discovered evidence the campaign may have been active since 2018 and is still active today. 
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Port of Los Angeles to implement a cybersecurity operations center

Retailers report rising loss from organized theft

The 16th annual (Organized Retail Crime) ORC study released by the National Retail Federation found 75% of loss prevention executives at a cross-section of large and mid-sized retail companies said ORC activity had increased in the past year, up from 68% last year. 


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