Expert Explanations

The Versatility of Bitcoin

Our Experts Explain Last month we published a few articles about Cryptocurrencies and Bitcoin. Did you know that Bitcoin can be used for more than just monetary purposes? Because Bitcoin utilises Blockchain technology (a public, distributed, synchronised and encrypted database), bitcoins themselves are very secure and can therefore be used to represent numerous pieces of […]

date:  Nov 23, 2016 comments:  0
by:  FraudWatch International category:  All, Expert Explanations Read More

What is… Cross-Site Scripting?

What is it? Cross-Site Scripting (XSS) is a type of attack where a cyber-criminal injects malicious scripts (aka a malicious payload) into a legitimate website or web application. Our Experts Explain XSS vulnerabilities occur when a web application accepts user input, and dynamically includes that data in the web pages it generates without first validating […]

date:  Nov 17, 2016 comments:  0
by:  FraudWatch International category:  All, Expert Explanations Read More

What are…Bitcoins?

What is it? Bitcoin was the first ever decentralised digital (or virtual) currency and is still the largest cryptocurrency in terms of total market value. The creator of Bitcoin, an unidentified software developer known as Satoshi Nakamoto, released a white paper in 2009, describing Bitcoin as, “A purely peer-to-peer version of electronic cash that would […]

date:  Oct 12, 2016 comments:  0
by:  FraudWatch International category:  All, Expert Explanations Read More

What is…Cryptocurrency?

What is it? A cryptocurrency is a medium of exchange, Australian Dollars for example, however it is designed for the purpose of exchanging digital information using the process of cryptography to secure transactions and to control the creation of new coins. Cryptocurrency is essentially digital, or virtual currency. Our Experts Explain Normal, centralised banking is […]

date:  Oct 06, 2016 comments:  1
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What is… Card Skimming?

What is it? Card Skimming is the act of using a portable device to illegally collect data from the magnetic strip of a credit, debit or ATM card. Victims of credit card skimming are often unaware of the theft until they notice fraudulent charges on their accounts or discover that money has been withdrawn. Their […]

date:  Sep 21, 2016 comments:  0
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What are… Phishing Kits?

There is no denying that phishing is on the rise. As we posted in a previous blog, the Anti-Phishing Work Group (APWG) observed that the number of unique phishing websites rose by a staggering 250% over the six months from October 2015 to March 2016. So why has this occurred? Here at FraudWatch International we […]

date:  Sep 07, 2016 comments:  0
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CEO impersonation

CEO Fraud – What is a BEC scam?

What is a BEC scam? Cyber-criminals are like every businessman: they want maximum profit for minimum investment. A recent trend amongst hackers to help achieve this goal is Business Email Compromise (BEC) also known as “CEO Fraud”. This type of CEO scam is very profitable since it only needs to be successful a few times […]

date:  Jul 06, 2016 comments:  11
by:  FraudWatch International category:  All, Expert Explanations Read More

What is… cyber-defacement?

What is it? Hackers use cyber-defacement to change the visual appearance of a website or a webpage; in order to do so, they break into the web server of the targeted victim, and replace the hosted website with their own. Our experts’ explanation Cyber-defacement is linked with “hacktivism”, which is the use of computer networks […]

date:  Apr 20, 2016 comments:  0
by:  FraudWatch International category:  All, Expert Explanations Read More