A weaker side to chips & man

Tuesday 23rd January 2018
The Dark Market

Apple has admitted that the majority of its phones, tablets, computers and TV devices contain chips susceptible to security breaches, alongside devices by other manufacturers including include Google, Samsung and Microsoft. Many people may be over-confident about their ability to spot a scam, research suggests
Four-fifths (80%) of over 2,300 people surveyed for the Take Five to Stop Fraud campaign say they could confidently identify a fraudulent approach. But in a separate test of over 63,000 people, less than one in 10 (9%) scored full marks in the Take Five Too Smart To Be Scammed? quiz that presents people with texts and emails and asks them to say whether they think they are from a genuine organisation or fraudulent.

Commenting on this, Lisa Baergen, director at   NuData Security, a Mastercard Company, said “This level of consumer overconfidence is not particularly surprising. Consumers are generally unaware of the rich variety of techniques fraudsters can engineer, forgetting that black-hat hackers' full-time job is coming up with new tricks. The number of online consumers is growing and so is the number of data breaches, providing bad actors with all the information they need to create new scams daily.

Campaigns such as Take Five are incredibly helpful in educating consumers. However, most of the damage is already done: billions of personal records are already available in the dark market, forcing businesses to take fraud prevention into their own hands. 

Companies can help protect their customers – and their business – by implementing online authentication solutions that look beyond the static data presented, as this data could have been stolen using a phishing scam. Multi-layered authentication solutions that also look at the user’s behaviour will reveal with high accuracy whether the person behind the device is a machine, a fraudster, or the legitimate user. This technology allows companies protect customers even if they have been victims of phishing scams."

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