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Posts Tagged ‘Fraud’

An in-depth look at content from more than 1,000 fraud guides available for sale on the dark web revealed that the majority of these guides are useless. Still, as many as 20 percent have the potential to cause financial harm to individuals and organizations by instructing readers how to exploit legitimate policies and processes or use malicious code against an organization’s systems.

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In the current climate of major data breaches amidst an ever-shifting cyber threat landscape, the people in charge of vast volumes of valuable financial data are under increasing pressure to keep customer data safe from hackers and fraudsters.

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That, Boston Police Detective Steven Blair told an audience of bankers at the Boston Fed’s 2017 Cybersecurity Conference on Monday, is because too many banking “customers” are fraudsters, who take advantage of the generally laudable desire of front-line employees to provide good customer service.

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