The Source for Cyber Insurance News, Insights and Data
On a bright screen at midnight, a new bank account waits for a name. Fraudsters arrive with “synthetic identities,” polished and ready for approval. The phrase sounds like a dystopian movie prop. It isn’t make-believe. Experian’s new U.S. Identity & Fraud Report casts that moment as a turning point, an operating reality for banks, retailers, … Read more
The 2025 holiday shopping season is here and is expected to face unprecedented cyber threats. A recent Retail & Hospitality Information Sharing and Analysis Center report predicts a 520% surge in AI-driven traffic during the holiday season with scammers using these tools to commit fraud and identity theft. These AI-powered attacks can mimic human behavior, … Read more
Americans lost more than $12.7 billion to identity theft last year, according to the Federal Trade Commission. Behind that staggering number are real people facing frozen bank accounts, negatively impacted credit, and months or even years of stress. The recovery process can be long, but taking immediate action can dramatically cut back on the time … Read more
Deepfake Era Dawns – We are living in the dawn of the deepfake era. With some reporting fraud attempts using synthetic voices surging over 1,300% in just one year, the time to act is now. Facing this flood of fake reality, the aptly named Reality Defender launched a new public API and free developer tier, simplifying … Read more
New AI Security Solution Addresses Lateral Movement and Wire Fraud Risks Following our recent reports on AI-driven cyberattacks, Cowbell has introduced IdentityAI, an AI-powered tool designed to detect and mitigate identity-based threats. This solution aims to address the growing risks of business email compromise (BEC), lateral movement, and fraudulent wire transactions—issues that have led to … Read more