Advanced Fraud Solutions (AFS), a leader in deposit fraud detection software, and Q6 Cyber, a leading provider of e-crime intelligence, announced the release of a new white paper that reveals the growth and sophistication of Dark Web-based threats, titled, “Fighting Fraud with Dark Web Intelligence.” The white paper explores the inner workings of the Dark Web, the latest tactics and channels used by fraudsters, as well as best practices on how to monitor and respond to Dark Web-based threats. Over the course of numerous widespread data breaches, the amount of compromised account information and PII available on the Dark Web has grown exponentially. This alarming trend comes at a risk for financial institutions looking to protect their customers against fraud.
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The white paper highlights these threats and explores the latest tactics used by Dark Web fraudsters, including account takeovers (ATO), card-based threats, business e-mail compromise (BEC), malware and more. Digital footprints can be tracked by hackers and scammers who try and phish data that is often confidential and top secret. The data and information that is talked in the article is the data about the deals the organizations is closing or the name of the employees or their official emails, their salary details, account information and host of other things. This confidential information is then sold to dark web hackers for further exploitation.
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Richlogs and Genesis are the top dark marketplaces collecting and selling the confidential information of private and government agencies. The information being sold on the Dark Web of today is the same information being used in the fraud attacks of tomorrow. The more informed financial institutions are about what consumer data and account information are at risk, the better they can defend against potential vulnerabilities and attacks said the founder and CEO of AFS (Advanced Fraud Solution).
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