Fraud attacks see huge rise in 2019

Science & Tech 17:47 17.10.2019
In just half a year, fraud attacks against business-to-consumer (B2C) organisations have increased 63 per cent, according to a new global report by RSA.
 
The digital risk management experts claim that in the first half of 2019, we’ve had 140,344 fraud attempts made against B2C organisations of all sizes. Just half a year ago, in the second half of 2018, that number stood at 86,344.
 
The newest trend among fraudsters are mobile apps, it seems, as the report claims that fraud attacks originating from mobile apps rose by 191 per cent, hitting a total of 57,000.
 
Most of the malicious actors try to evade getting detected by using “new” devices. The number of these devices (known to RSA for less than 90 days) increased from 20 per cent, to 80 per cent.
 
Financial malware also rose significantly in the same time period, growing 80 per cent in the first half of the year. Most of the time, fraudsters are using a modified version of the old Ramnit Banking Trojan, RSA says. It is used mostly to circumvent defences, as they distribute it via executable files downloaded and opened by unsuspecting victims.
 
“The digital transformation of finance is well underway and yet, this transformation is a double-edged sword; while digital has created opportunities for organisations to improve customer experience, it also introduces new digital risks that need to be managed,” comments Daniel Cohen, Director of the Fraud and Risk Intelligence Unit at RSA Security.
 
“Take for example the number of digital touchpoints that consumers can engage with to access financial services: these have increased dramatically through initiatives such as open banking and this widens the attack surface that fraudsters can take advantage of.”
IEPF issued a statement regarding Azerbaijani children at the UN Human Rights Council

News line

Spain voices concern over Iran's suspension of cooperation with UN nuclear watchdog
23:35 03.07.2025
Pope Leo can play important role in improving US-North Korea ties, says Cardinal Lazzaro You
23:00 03.07.2025
UN rapporteur on occupied Palestinian territory says accountability needed over killings of aid-seekers in Gaza
22:35 03.07.2025
Gaza ceasefire proposal calls for release of 10 Israeli hostages, includes US assurances to end war Report
22:00 03.07.2025
Australian man dies from 'extremely rare' bat bite virus
21:30 03.07.2025
Armenia restarts constitutional reform talks
21:15 03.07.2025
Azerbaijani wrestler crowned European champion
21:00 03.07.2025
Azerbaijani boxer qualifies for World Cup semifinals
20:30 03.07.2025
Liverpool rejects Bayern Munich's approach for Diaz
20:00 03.07.2025
President Ilham Aliyev inspected site designated for Khankandi-Shusha cable car construction
19:35 03.07.2025
Presidents of Azerbaijan and Uzbekistan review operations of Businesstex JV sewing factory in Khankandi
19:20 03.07.2025
Deputy Prime Minister of Afghanistan to attend 17th ECO Summit in Khankendi
19:15 03.07.2025
Pakistani Prime Minister Muhammad Shehbaz Sharif begins visit to Azerbaijan
19:00 03.07.2025
Cyberattacks on Azerbaijani state bodies slightly rising
18:45 03.07.2025
Height of the Victory Arch in Khankandi to be 44 meters
18:15 03.07.2025
Nigerian minister to attend 17th ECO Summit in Khankandi
18:00 03.07.2025
President of Uzbekistan Shavkat Mirziyoyev arrives in Fuzuli district
17:45 03.07.2025
Opening ceremony of Khankandi Congress Center held
17:30 03.07.2025
China ready to sign nuclear-weapon-free zone treaty
17:15 03.07.2025
President of Turkish Republic of Northern Cyprus arrives in Fuzuli district
17:00 03.07.2025
President Ilham Aliyev attends opening of Khankandi Business Center
16:45 03.07.2025
Turkish president to visit Khankandi on July 4
16:30 03.07.2025
Iran calls negotiations with European countries 'meaningless'
16:15 03.07.2025
President of Azerbaijan Ilham Aliyev receives Deputy Chairman of Turkmenistan’s Cabinet of Ministers in Khankandi
16:00 03.07.2025
Scorching European heatwave turns deadly in Spain, Italy and France
15:45 03.07.2025
National Defense University hosts training as part of NATO programme
15:30 03.07.2025
3 killed, 16 injured in mass shooting at Chicago nightclub
15:20 03.07.2025
China is not US, and challenges to Europe won’t come from Beijing: Top diplomat
15:15 03.07.2025
Russia restricts access to Azerbaijani news websites
15:00 03.07.2025
2 killed, 11 injured in Russian strikes in Ukraine's Poltava
14:45 03.07.2025
Trump may arm Israel with US B-2s, bunker busters
14:30 03.07.2025
Foundation stone laid for Khankandi Railway and Bus Terminal Complex
14:20 03.07.2025
Baku, Kabul mull development of Lapis Lazuli corridor
14:15 03.07.2025
Azerbaijani deputy FM mulls areas of cooperation with Afghan counterpart
14:00 03.07.2025
Israeli president receives new ambassador to Azerbaijan
13:50 03.07.2025
5US lifts chip software curbs on China amid trade truce
13:45 03.07.2025
Tajikistan and Saudi Fund for Development set to expand project financing
13:30 03.07.2025
S. Korean President vows to improve relations with N. Korea based on cooperation with US
13:10 03.07.2025
Politico: Ukraine expects Europe to buy weapons for it from US
13:00 03.07.2025
State Department: Bringing Russia-Ukraine war to end remains Trump's priority
12:45 03.07.2025
Hamısı