The card fraud ecosystem is a dynamic landscape that has evolved over the past year.
Payment and credit card fraud are constant concerns for security leaders, holding major financial and reputational consequences for card-issuing financial institutions. For threat actors, card fraud schemes are often low-hanging fruit as prices for stolen card data continue to rise, increasing by more than 228% since 2018
We are excited to announce the launch of Flashpoint Payment and Credit Card Fraud Mitigation, providing fraud teams an end-to-end solution with actionable dashboards and analytics to rapidly and comprehensively mitigate card fraud.
The recent passage of the $1.9 trillion American Rescue Plan coronavirus stimulus package was welcome relief for many hard-hit Americans. Unfortunately, not all of the financial aid is reaching its intended recipients, as cybercriminals and fraud actors find ways to siphon billions of dollars into their own coffers.
Over the past year, COVID-19 has had significant and lasting consequences across the world, including on how cybercriminals operate.
At Flashpoint, we closely monitor illicit online communities for new and evolving COVID-19-related threats to keep our customers informed and secure. In two weeks, we will host a live webinar to share our latest findings and elaborate on how coronavirus-related cybercrime trends are evolving in 2021.
How do airport security teams (and their stakeholders) benefit from open-source intelligence?
The scale and scope of shipping and return fraud scams have risen sharply since the global COVID-19 coronavirus pandemic first took off last year. Some major retailers have gone so far as to implement more lenient return policies, scrapping requirements to return less expensive items due to the increased costs associated with these items’ return.
Today—February 15, 2021—marks the official shutdown date of Joker’s Stash, which was one of the largest illicit payment card shops worldwide, both in terms of the volume and the quality of the cards available on this underground marketplace.
On January 15, 2021, the notorious and highly reliable card shop known as “Joker's Stash” announced earlier today that it will be shutting down its operations in the next 30 days.
As a result of the COVID-19 pandemic and its enormous impact worldwide, demand for malicious and illicit goods, services, and data has reached new peak highs across dark web marketplaces (DWMs).
As the world continues to grapple with the devastating and ongoing fallout from COVID-19, cybercriminals continue to pursue ways to benefit from it.
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