Fraud Trends in 2010: Top Threats From a Growing Underground Economy
First Data has published a white paper covering fraud threats that are expected to be particularly troublesome during the next 12 months. The white paper notes it is clear that today’s cybercriminals are more sophisticated than ever in their operations and their attacks, and that they are always on the lookout for new ways to exploit vulnerabilities in the global payments system. According to the 2009 Verizon Business Data Breach Investigations Report, 285 million consumer records were compromised in 2008—more than the previous four years combined. Data breach statistics from 2009 are expected to be even more grim due to the growth of increasingly sophisticated attack methods such as malware infections, which grew tenfold in 2009.
