By Daniel Ingevaldson, CTO

With over 15 years of experience protecting some of the world’s biggest organizations from next-generation threats, Daniel is our guru when it comes to developing fresh approaches to online security and fraud. As our CTO, he defines and executes the strategies for researching and creating the next generation of Total Fraud Protection® products. Daniel previously co-founded Endgame, a cutting-edge organization focused on building endpoint detection and response (EDR) solutions for large government and enterprise clients. Before Endgame, Daniel joined Internet Security Systems (ISS) in the late '90s as a member of the famed X-Force research team. While at ISS and through IBM’s acquisition of ISS in 2008, Daniel held various research, engineering and strategy positions. Daniel holds a bachelor’s degree in Computer Science from Purdue University.

Neiman Marcus breach – Extremely High Value cards hit black market

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ImageOn Jan 4th, we saw a dump of 2 Million cards onto the black market – one of the largest single day drops we’ve seen in a while. While we can’t definitively say what the source of the breach was, the percentage of Extremely High Value cards is significantly higher than we see on average. These are cards like the Amex Centurion card – an invite-only card that comes with a $7500 setup fee, and $2500 annual fee. While it is hard to determine from a single black market, this would indicate these could come from a high end source, such as Neiman Marcus.

In light of Target breach…the value of Black Market Monitoring

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Easy Solutions offers black-market monitoring as part of our Detect Monitoring Service (DMS) to provide our customers with early warning of massive credit/debit card breaches like the one announced by Target this morning.  Over 40 million cards compromised, probably the result of a systematic attack on Target’s payment infrastructure.

Crystal Ball Time: 2014 Financial Fraud Predictions

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ImageAs we are in the midst of the largest online holiday shopping phenomena ecommerce has ever experienced, it’s pretty safe to assume that fraudsters are looking for new and even more ways to put a little jingle in their wallets this season and beyond.  So in a year where we are seeing data from various sources indicating financial fraud is climbing faster than Santa can slide down your chimney, we have pulled out our crystal ball to make some 2014 Financial Fraud Predictions here at Easy Solutions to help you stay head of the game in the coming year.  While these are just predictions, they are based off of some very real trends and data we are seeing here at Easy Solutions:

Mobile fraud will evolve faster than defenses for at least another year.  In the last month, the four major US mobile carriers announced that they will begin blocking premium or paid SMS charges, otherwise known as cramming.  Around 75% of all existing mobile malware uses this method to monetize mobile fraud.  Cutting off this revenue source for fraudsters will accelerate innovation of mobile malware and take more advanced techniques like SMS OOB interception into the mainstream.