News and Analysis

Verizon’s Data Breach Investigations Report shows that business email compromise attacks have doubled, making up 50% of incidents. The report also noted that socially engineered cyberattacks, such as phishing and vishing, are alarmingly effective. Also, current systems need to adapt to catch fraudsters effectively. The report suggested transforming the Interactive Voice Response system and using tools like Pindrop Trace Technology to prevent data theft and fraud. If companies fail to innovate their cybersecurity strategies, it can make them more vulnerable to fraud attacks.