The New Criminal Toolbox: Tools and Tactics for Modern Crimeware
- Date:August 22, 2019
- Author(s):
- Kyle Marchini
- Report Details: 20 pages, 6 graphics
- Research Topic(s):
- Fraud Management
- Fraud & Security
- PAID CONTENT
Overview
The growth of fraud over the past decade has fueled the rise of a sophisticated criminal economy. Individuals getting started in fraud, or existing teams changing their focus, rarely need to build their own tools, instead turning to marketplaces that offer nearly any program or service they desire off-the-shelf. The availability of sophisticated data stealing and emulation/spoofing tools mean that the baseline level of skill for attacks on banks, merchants, and any other organization holding valuable data continues to rise.
Key questions discussed in this report:
- What types of tools cybercriminals have available off the shelf to steal victims’ data while concealing their own identity.
- How tools like trojans, emulation, and formjacking have evolved to keep pace with anti-fraud technology.
- How financial institutions should adapt their fraud controls to address current and emerging threats.
Methodology
Consumer data in this report is taken from a random sample panel survey of 5,000 U.S. adults fielded in November 2018. For questions answered by all 5,000 respondents, the maximum margin of sampling error is +/-1.41 percentage points at the 95% confidence level.
Learn More About This Report & Javelin
Related content
Account Takeover: Static Authentication Enables Access Without Confirmation
Account takeover (ATO) is surging, and the problem is getting dimensionally worse. Banks that rely on outdated, one-time authentication and static identity verification strategies ...
Fraud in the Age of Agentic Commerce
Agentic commerce is coming, and so are the fraud opportunities. Consumers, agent services, and merchants must all be prepared for an onslaught of fraud and scams, with cybercrimina...
Social Security Administration Anti-Fraud Changes Are an Important Lesson for Financial Institutions
Financial institutions can learn much about what not to do from the recent anti-fraud changes at the Social Security Administration. When making procedural changes that directly af...
Make informed decisions in a digital financial world