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Brazilian Pix Payment Network: A Case Study in “Faster Payments, Faster Fraud”
The term "sequestro relâmpago" ("lightning kidnapping") first appeared in Brazil in the 1990s. "Lightning kidnapping" was coined to describe a particular kind of violent crime in which people would be nabbed off the street and coerced - often at gunpoint - to withdraw cash from a nearby ATM. Instances of this type...
Fraud’s Dark Matter: The Universe of Scams Most of Us Never Know About
Ana was emaciated when she arrived at the Brazilian embassy in Cairo. An amateur volleyball player once upon a time in Sao Paulo, Ana's tall frame was bent from the hunger, fear and humiliation she had endured for weeks in a village outside of Beni Suef. Ana had come to Egypt for...
Rising Magecart Attacks Place Victims in Jeopardy
Key Findings Magecart attacks have grown increasingly popular over the past several years. Their tactics have evolved and their ability to both breach sites and evade detection has advanced. Magecart has become the leading cause of Card Not Present (CNP) cybercrime in recent years. Gemini’s Magecart Overwatch system has detected 150 million...
Data is the New Oil – Data Needs to Go Greener
Wildfires. Floods. Droughts. Hurricanes. July 2021 was the hottest month on record, since records began. We’re starting to experience the frightening impact of climate change, at a pace at which climate-related disasters are becoming part of the background noise of news and current affairs. We’re at a very similar point when it...
Investment, Acquisitions & IPO’s – Q3 2021
A little over 3 months ago, we wrote an article detailing the big investment and acquisitions in the fraud prevention space for the first half of 2021. Since then, there were so many more we needed a refresh! This is highlighted by Transmit Security raising an eye-popping $543 million in series A...