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The LexisNexis Risk Solutions Cybercrime Report Reveals New Opportunities and Risks for APAC in Online Channels During Global Pandemic

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Findings from the first half of 2020 highlight bot volume growth in the region coupled with a decline in human-initiated attack rates

ATLANTA, Sept. 16, 2020 /PRNewswire/ — LexisNexis® Risk Solutions today released its biannual Cybercrime Report, which tracks global cybercrime activity from January 2020 through June 2020. The report analyzes how the COVID-19 pandemic has impacted the global digital economy, regional economies, industries, businesses and consumer behavior. The period has seen strong transaction volume growth compared to 2019 but an overall decline in global attack volume. This is likely linked to growth in genuine customer activity due to changing consumer habits.

The LexisNexis Risk Solutions Cybercrime Report analyzes data from more than 22.5 billion transactions processed by the LexisNexis® Digital Identity Network®, a 37% growth year over year. Mobile device transactions also continue to rise, with 66% of all transactions coming from mobile devices in the first half of 2020, up from 20% in early 2015. The Digital Identity Network® also notes an uptick in transactions from new devices and new digital identities. We attribute this to many new-to-digital consumers moving online to procure goods and services that were no longer available in person or harder to access via a physical store, during the pandemic.

The Asia-Pacific (APAC) region saw higher attack rates than the global average, 3% compared to 1.4% globally. Attack rates also grew during both April and May and experienced a large spike in June through an identity spoofing bot attack from the Philippines, which targeted a payment gateway. However, attack rates in APAC declined across all channels year over year. The only exception was a 9% growth in automated bot attacks in the region, although this growth is still lower than the global average of 13%.

APAC continues to experience higher attack rates than North America or EMEA. The Digital Identity Network found significant bot activity coming from Japan, India and Australia. They now rank fifth, seventh and eighth respectively as some of the largest originators of automated bot attacks by volume globally. Japan appears to be a particular hotspot: The country recorded the largest growth in bot attack originations year over year and is now one of the top ten largest contributors to human-initiated cyberattacks by volume.

Hyper-connected, networked fraud continues to be a key feature of attacks. One example of an Australian fraud network saw groups of fraudsters targeting the financial services, e-commerce and media sectors. This single network consisted of 2,400 devices, 3,700 email addresses and 1,500 telephone numbers, and at least $800,000 USD was exposed to fraud across the entire network.

Additional Key Findings from the LexisNexis Risk Solutions Cybercrime Report:

  • Decline in Attack Rate – The overall human-initiated attack rate across the Digital Identity Network fell through the first half of 2020, showing a 33% decline year over year. The breakdown by sector shows a 23% decline in financial services and a 55% decline in e-commerce attack rates.

    Latin America experienced the highest attack rates of all regions globally and realized consistent growth in attack rates from March to June 2020. The attack patterns in U.S., Canada and EMEA had less volatility and fewer spikes in attack rates during the six-month period observed.

  • Attack Vector Global View – Media is the only industry that recorded an overall year over year growth in human-initiated cyberattacks. The Digital Identity Network recorded the 3% increase solely across mobile browser transactions.

    Globally, automated bots remain a key attack vector in the Digital Identity Network. Financial services organizations experienced a surge in automated bot attacks and continue to experience more bot attacks than any other industry.

  • Across the Customer Journey – New account creations see attacks at a higher rate than any other transaction type in the online customer journey. However, the largest volume of attacks targets online payments. Login transactions have seen the biggest drop in attack rate in comparison to other use cases.

    Analysis across new customer touchpoints in the online journey is included in this report for the first time, providing additional context on key points of risk such as money transfers and password resets.

  • During COVID-19 – All industries have felt the impact of COVID-19. There are clear peaks and troughs in transaction volumes coinciding with global lockdown periods. Financial services organizations realized a growth in new-to-digital banking users, a changing geographical footprint from previously well-traveled consumers and a reduction in the number of devices used per customer. There have also been several attacks targeting banks offering COVID-19-related loans.

    E-commerce merchants have seen an increase in digital payments and several other key attack typologies that coincide with the lockdown period. These included account takeover attacks using identity spoofing and more first-party chargeback fraud.

"This is the first LexisNexis Risk Solutions Cybercrime Report to include data on the new reality of conducting business during a pandemic," said Rebekah Moody, director of fraud and identity at LexisNexis Risk Solutions. "The move to digital, for both businesses and consumers, has been significant. Yet with this change comes opportunity for exploitation. Fraudsters look for easy targets: whether government support packages, new lines of credit or media companies with fewer barriers to entry. We need to ensure that all consumers, especially those who might be new to digital, are protected. Businesses must arm themselves with a layered defense that can detect the full spectrum of possible attacks and is future-proofed against evolving threats."

"Fraudsters remain masters of disguise. They operate alone and in highly connected groups to build up huge networks of cross-industry and regional fraud. This is a particularly acute issue in the APAC region, where we see the highest global attack rates," added Cameron Church, director of fraud and identity at LexisNexis Risk Solutions. "We must identify and block fraudsters – whether opportunists or highly networked fraud rings – the moment they transact. Knowledge sharing must be as pivotal to global businesses as it is to the cybercriminals that attack them."

Download a copy of the LexisNexis Risk Solutions Cybercrime Report, January through June 2020 (English only.) Join Rebekah Moody, director of fraud and identity at LexisNexis Risk Solutions, for an overview of the latest Cybercrime Report on Wednesday, September 16 at 2:00pm HKT (English only).

About LexisNexis Risk Solutions
LexisNexis® Risk Solutions harnesses the power of data and advanced analytics to provide insights that help businesses and governmental entities reduce risk and improve decisions to benefit people around the globe. We provide data and technology solutions for a wide range of industries including insurance, financial services, healthcare and government. Headquartered in metro Atlanta, Georgia, we have offices throughout the world and are part of RELX (LSE: REL/NYSE: RELX), a global provider of information-based analytics and decision tools for professional and business customers across industries. For more information, please visit www.risk.lexisnexis.com and www.relx.com.

Media Contact:
Marcy Theobald
678.694.6681
[email protected] 

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WRTC INVESTIGATION ALERT: Bernstein Liebhard is Investigating Wrap Technologies Limited For Violations of the Securities Laws

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Bernstein Liebhard, a nationally acclaimed investor rights law firm, is investigating potential securities fraud claims on behalf of shareholders of Wrap Technologies, Inc. (“Wrap” or the “Company”) (NASDAQ:WRTC) resulting from allegations that Wrap might have issued misleading information to the investing public.

If you purchased Wrap securities, and/or would like to discuss your legal rights and options please visit Wrap Shareholder Investigation or contact Matthew E. Guarnero toll free at (877) 779-1414 or [email protected].

On September 23, 2020, White Diamond Research published a report entitled Wrap Technologies: Disastrous LAPD BolaWrap Pilot Program Results, No Evidence These Have Been Communicated To Investors alleging, among other things, that the Companys trial pilot program with the LAPD was a disaster, and that the Company had not disclosed the results to investors.

On this news, securities of Wrap fell $2.07 per share, or 25.43% to close at $6.07 per share on September 23, 2020.

If you purchased Wrap securities, and/or would like to discuss your legal rights and options please visit https://www.bernlieb.com/cases/wraptechnologiesinc-wrtc-shareholder-class-action-lawsuit-stock-fraud-314/apply/ or contact Matthew E. Guarnero toll free at (877) 779-1414 or [email protected].

Since 1993, Bernstein Liebhard LLP has recovered over $3.5 billion for its clients. In addition to representing individual investors, the Firm has been retained by some of the largest public and private pension funds in the country to monitor their assets and pursue litigation on their behalf. As a result of its success litigating hundreds of lawsuits and class actions, the Firm has been named to The National Law Journals Plaintiffs Hot List thirteen times and listed in The Legal 500 for ten consecutive years.

ATTORNEY ADVERTISING. 2020 Bernstein Liebhard LLP. The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414. The lawyer responsible for this advertisement in the State of Connecticut is Michael S. Bigin. Prior results do not guarantee or predict a similar outcome with respect to any future matter.

Matthew E. Guarnero

Bernstein Liebhard LLP

https://www.bernlieb.com

(877) 779-1414

[email protected]

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GLNG LOSSES ALERT: Bernstein Liebhard is Investigating Golar LNG Limited For Violations of the Securities Laws

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Bernstein Liebhard, a nationally acclaimed investor rights law firm, is investigating potential securities fraud claims on behalf of shareholders of Golar LNG Limited (“Golar” or the “Company”) (NASDAQ: GLNG) resulting from allegations that Golar might have issued misleading information to the investing public.

If you purchased Golar securities, and/or would like to discuss your legal rights and options please visit GLNG Shareholder Investigation or contact Matthew E. Guarnero toll free at (877) 779-1414 or [email protected].

On September 24, 2020, media reported that Hygos CEO Eduardo Navarro Antonello was involved in a bribery network investigated in Brazils Operation Car Wash.

On this news, the Companys share price fell $3.28.

If you purchased Golar securities, and/or would like to discuss your legal rights and options please visit https://www.bernlieb.com/cases/golarlnglimited-glng-shareholder-class-action-lawsuit-stock-fraud-315/apply/ or contact Matthew E. Guarnero toll free at (877) 779-1414 or [email protected].

Since 1993, Bernstein Liebhard LLP has recovered over $3.5 billion for its clients. In addition to representing individual investors, the Firm has been retained by some of the largest public and private pension funds in the country to monitor their assets and pursue litigation on their behalf. As a result of its success litigating hundreds of lawsuits and class actions, the Firm has been named to The National Law Journals Plaintiffs Hot List thirteen times and listed in The Legal 500 for ten consecutive years.

ATTORNEY ADVERTISING. 2020 Bernstein Liebhard LLP. The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414. The lawyer responsible for this advertisement in the State of Connecticut is Michael S. Bigin. Prior results do not guarantee or predict a similar outcome with respect to any future matter.

Matthew E. Guarnero

Bernstein Liebhard LLP

https://www.bernlieb.com

(877) 779-1414

[email protected]

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PG&E Conducts Public Safety Power Shutoffs in Response to High-Wind Event, Scope of Event Reduced to 65,000

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Pacific Gas and Electric Company (PG&E) will continue to de-energize certain electrical lines as part of a Public Safety Power Shutoff (PSPS) due to a strong and dry wind event creating high fire risk. As communicated on Friday, the PSPS event will affect customers in portions of 16 counties, primarily in Northern and Central Sierra region, although the number of customers expected to be impacted has decreased by 27 percent due to favorable changes in forecast weather conditions.

This PSPS event is based on forecasts of widespread, severely dry conditions and strong, gusty winds. These conditions are expected to continue through Monday morning in most locations.

In total the power shutoff event is expected to impact approximately 65,000 customers in portions of 16 counties, including: Alpine, Amador, Butte, Calaveras, El Dorado, Lake, Napa, Nevada, Placer, Plumas, Shasta, Sierra, Tehama and Yuba counties. Two customers within Sonoma County and 15 customers in Kern County are also expected to be included in the scope of this PSPS.

Some customers may experience outages unrelated to this PSPS event due to requests from CAL FIRE to de-energize lines for the safety of firefighters in active fire areas or damage caused from wildfire related impacts to equipment.

PG&E is working to improve its PSPS program by making events smaller in size, shorter in length and smarter for our customers. While PSPS is an important wildfire safety tool, PG&E understands the burden PSPS places on its customers especially for those with medical needs and customers sheltering-at-home in response to COVID-19.

Timeline for safety shutoffs

PG&E began de-energization for the first wave of 11,000 customers around 4:00 a.m. on Sunday morning.

Based on wind forecasts, de-energization for the second wave of 54,000 customers will begin at approximately 4:00 p.m. on Sunday afternoon. Power is expected to be out overnight Sunday into Monday for all customers.

Once the high winds subside Monday morning, PG&E will inspect the de-energized lines to ensure they were not damaged during the wind event, and then restore power. PG&E will safely restore power in stages as quickly as possible, with the goal of restoring power to nearly all customers who are safe to restore within 12 daylight hours after severe weather has passed.

Customer notificationsvia text, email and automated phone callbegan Thursday, approximately 48 hours prior to the potential shutoff. Customers enrolled in the companys Medical Baseline program who do not verify that they have received these important safety communications will be individually visited by a PG&E employee to deliver the warning if possible, starting with customers who rely on electricity for critical life-sustaining equipment.

Potentially Impacted Counties and Customers

The power shutoff is currently expected to impact approximately 65,000 customers in the following 16 counties, including:

  • Alpine County: 573 customers, 6 Medical Baseline
  • Amador County: 5,466 customers, 400 Medical Baseline
  • Butte County: 11,339 customers, 961 Medical Baseline
  • Calaveras County: 5,132 customers, 219 Medical Baseline
  • El Dorado County: 27,286 customers, 1,796 Medical Baseline
  • Kern County: 15 customers, 0 Medical Baseline
  • Lake County: 55 customers, 2 Medical Baseline
  • Napa County: 288 customers, 8 Medical Baseline
  • Nevada County: 2,887 customers, 166 Medical Baseline
  • Placer County: 4,380 customers, 281 Medical Baseline
  • Plumas County: 785 customers, 24 Medical Baseline
  • Shasta County: 2,815 customers, 240 Medical Baseline
  • Sierra County: 1,099 customers, 22 Medical Baseline
  • Sonoma County: 2 customers, 0 Medical Baseline
  • Tehama County: 1,223 customers, 58 Medical Baseline
  • Yuba County: 1,891 customers, 152 Medical Baseline
  • Total: 65,237 customers, 4,335 Medical Baseline

Customers can use an address lookup tool to find out if their location is being monitored for the potential safety shutoff at www.pge.com/pspsupdates.

Heres Where to Go to Learn More

  • PG&Es emergency website www.pge.com/pspsupdates is now available in thirteen languages. Currently, the website is available in English, Spanish, Chinese, Tagalog, Russian, Vietnamese, Korean, Farsi, Arabic, Hmong, Khmer, Punjabi and Japanese. Customers will have the opportunity to choose their language of preference for viewing the information when visiting the website.
  • Customers are encouraged to update their contact information and indicate their preferred language for notifications by visiting www.pge.com/mywildfirealerts or by calling 1-800-742-5000, where in-language support is available.
  • Tenants and non-account holders can sign up to receive PSPS Zip Code Alerts for any area where you do not have a PG&E account by visiting www.pge.com/pspszipcodealerts.
  • PG&E has launched a new tool at its online Safety Action Center www.safetyactioncenter.pge.com to help customers prepare. By using the “Make Your Own Emergency Plan” tool and answering a few short questions, visitors to the website can compile and organize the important information needed for a personalized family emergency plan.

Community Resource Centers Reflect COVID-Safety Protocols

PG&E has opened 27 outdoor, open-air Community Resource Centers (CRCs) in every county where a PSPS occurs. These temporary CRCs will be open to customers when power is out at their homes and will provide ADA-accessible restrooms, hand-washing stations; medical-equipment charging; Wi-Fi; bottled water; grab-and-go bags and non-perishable snacks. PG&E updates its CRC locations regularly, click here for updates.

All CRCs will follow important health and safety protocols including:

  • Facial coverings and maintaining a physical distance of at least six feet from those who are not part of the same household will be required at all CRCs.
  • Temperature checks will be administered before entering CRCs that are located indoors.
  • CRC staff will be trained in COVID-19 precautions and will regularly sanitize surfaces and use Plexiglass barriers at check-in.
  • All CRCs will follow county and state requirements regarding COVID-19, including limits on the number of customers permitted indoors at any time.

About PG&E

Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is one of the largest combined natural gas and electric energy companies in the United States. Based in San Francisco, with more than 23,000 employees, the company delivers some of the nation’s cleanest energy to 16 million people in Northern and Central California. For more information, visit pge.com and pge.com/news.

Media Relations

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Editorial & Advertiser disclosureOur website provides you with information, news, press releases, Opinion and advertorials on various financial products and services. This is not to be considered as financial advice and should be considered only for information purposes. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third party websites, affiliate sales networks, and may link to our advertising partners websites. Though we are tied up with various advertising and affiliate networks, this does not affect our analysis or opinion. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you, or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish sponsored articles or links, you may consider all articles or links hosted on our site as a partner endorsed link.
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