Easy Solutions Offers New Insight into the Most Sophisticated Cyberattacks in Fraud Beat 2017
Latest report finds that the power of human manipulation is the most dangerous tool exploited by cybercriminals

Miami, FL – October 17, 2017Easy Solutions, the Total Fraud Protection company and a Cyxtera Business, today released The Fraud Beat 2017, a new report that examines some of the most sophisticated cyber-attacks that are currently circling the globe, including but not limited to state actors, spearphishing, fake mobile applications, and business email compromise. By way of example, the report offers case studies to illustrate each threat along with best practices organizations can use to minimize the risk of falling prey to these targeted attacks.

“No one is immune to becoming a victim of fraud, but what’s particularly concerning for organizations today is the fact that end users are the weakest link in the security chain and there’s little companies can do to change that,” said Ricardo Villadiego, CEO of Easy Solutions. “This report offers concrete steps financial institutions  and enterprises can take to protect themselves against the most malicious threats, allowing them to keep their brand’s reputation intact and negative financial repercussions at bay.”

In the report, Easy Solutions fraud experts outline the top threats faced by organizations in 2017, including phishing and spearphishing, social media impersonation, banking and mobile Trojans, ransomware and increasingly state actors, which are notoriously difficult to identify despite the internationally significant hacking incidents they create. Rather than relying on customers and employees to keep an organization safe, the security experts at Easy Solutions recommend that companies implement a multi-layer protection strategy that includes proactive, machine-learning monitoring of external threats, strong user-authentication strategy, leverage an email-authentication protocol such as DMARC, and behavioral analytics.

Other key takeaways from this year’s report include:

- 97 percent of people don’t know how to accurately recognize a phishing email.
- Ransomware has claimed more than 230,000 victims in 150 countries.
- 10 percent of social media users have been the victim of a cyberattack.
- Business Email Compromise (BEC) saw 1,300-percent increase from January of 2015 to December 2016.
- SMS messages are unencrypted allowing fraudsters the chance to gain easy access to sensitive information.

Click here to download a full copy of the Fraud Beat 2017.

ABOUT EASY SOLUTIONS

Easy Solutions®, a Cyxtera Business, is a security provider focused on the comprehensive detection and prevention of electronic fraud across all devices, channels and clouds. Our products range from digital threat protection and secure browsing to multi-factor authentication and transaction anomaly detection, offering a one-stop shop for end-to-end fraud protection. The online activities of over 115 million customers at 430 leading financial services companies, security firms, retailers, airlines and other entities in the US and abroad are protected by Easy Solutions Total Fraud Protection® platform.

United States: 8550 N.W. 33 Street, Miami FL 33122. Phone: 1 866 524 4782
Latin America: Cra. 13A No. 98 – 21 Of. 401. Bogota, Colombia. Phone: 57 1 742 5570
Europe: Parkshot House, 5 Kew Road, Richmond, TW9 2PR. Phone: 44 0 791 779 8861
Asia: Daiei Ginza Building 5F, 1-16-7 Ginza, Chuo-ku, Tokyo, Japan.  Phone: 81 3 4360 8700

Press Contacts:
Kari Walker for Easy Solutions
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703.928.9996

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