Why payments fraud is turning into a rise of the machines
Fraud attacks and their avenue of entry are generally regarded as mysteries to most of the companies that suffer from them.
The victims generally don’t know who is on the other side trying to get in and what they are going after, whether its money, privileged access to a network or information such as account numbers. It’s also an issue of determining whether the attacker is man or machine since that can influence the primary defensive strategy employed in response to an attack.
Unfortunately, the trend for data breaches is only getting worse. According to Risk Based Security which recently published its MidYear QuickView Data Breach Report, there were 3,813 data breaches in the first six months of 2019 exposing more than 4.1 billion records. Compared to the midyear of 2018, the number of reported breaches was up 54% and the number of exposed records was up 52%.