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The 3 Most Expensive Types of eCommerce Fraud

Join threat intelligence lead Mengmeng Chen as she reveals ‍the 3 most expensive types of eCommerce fraud schemes that businesses battle every day.

You'll learn:

- Analysis of attack data during sales promotions
- Best practices from Top 10 Retailers
- Top 3 retail attack techniques
Recorded Jan 8 2020 58 mins
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Presented by
Mengmeng Chen, Threat Intelligence Lead, Shape Security
Presentation preview: The 3 Most Expensive Types of eCommerce Fraud

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  • Leveraging AI in Next Generation Cybersecurity Dec 3 2020 6:00 pm UTC 45 mins
    Shuman Ghosemajumder Global Head of AI, F5
    Over the course of the last decade, the nature of cybersecurity has changed, evolving past the idea of cybersecurity being a system of logical controls to fully prevent attackers from infiltrating systems, to becoming a data analytics problem based on behavioral analysis of attack patterns to detect them when they do. In addition, the key attack surface has changed from internal systems to publicly facing applications which hold the world’s user data. As such, fraud and abuse have become the primary focus areas for organizations’ defensive efforts, and the use of artificial intelligence, particularly machine learning, has become one of the principal tools. This talk will review how cybersecurity challenges have changed, examine the emergence of credential stuffing as the #1 cybersecurity problem in the world, with real data from major corporations, and demonstrate next generation uses of machine learning in defending organizations and millions of users around the world.
  • The Future of Application Security: Contrarian Thinking About Fraud Recorded: Nov 12 2020 30 mins
    Sumit Agarwal - VP, Analytic Products at F5, Co-founder of Shape Security
    By some estimates, 2020 has seen as much as five years’ worth of digital transformation in just a few months. As a result, there’s a tremendous amount of focus on streamlined user experiences, improving eCommerce conversion rates, and securing increasingly mission-critical applications. Naturally, fraudsters are evolving their online schemes to take advantage of the mass digital adoption 2020 has seen.

    This webinar unpacks the complex issues of today’s threat landscape and uncovers how security executives are navigating digital fraud challenges for the resiliency of their brands. We will analyze traditional KPIs and how you may adjust your view of them, or scrap them entirely, to better understand the business impact your controls are having on user friction and ultimately top-line revenue.
  • Attacker Economics: Hacker Cost vs Value Recorded: Sep 30 2020 37 mins
    Jarrod Overson, Director at Shape Security, Part of F5
    Major attacks, breaches, exploits, and malware are nearly a daily occurrence. The problem is two-fold, attacks are getting cheaper to perform and the value of stolen credentials is increasing daily. In this session, Jarrod Overson, Director at Shape Security, will reveal how cheap modern attacks have become and how cybercriminals bypass defenses like CAPTCHAs and browser fingerprints.

    You will learn:

    Why attackers are hyper-incentivized due to the dirt-cheap cost of attacks
    How attacks have evolved over time and insights into where attacks are going
    What cybersecurity and development teams must change to reflect the realities of attackers that won’t quit
  • The Shifting Frontline of Digital Fraud:​ Reduce Fraud and Increase Revenue Recorded: Sep 10 2020 25 mins
    Partha Sarathy, Global Fraud Architect, Shape Security, Part of F5
    As online activity increases and digital footprints expand, so too does the overall digital attack surface. 2020 has been marked by soaring data breaches, leaks, new attack patterns, and phishing scams related to COVID-19. The pandemic has compounded fraud and abuse and greatly accelerated consumer digital adoption and consequently business digital transformation.

    Truly effective digital transformation journeys should always be cross-functional and silo-busting in nature. Different departments must be encouraged to think beyond their traditional borders, interact with adjacent functions, and intimately understand how their work can both boost revenue and reduce cost.

    Join Shape Security to learn how the fraud rhetoric has adapted to encompass a newly converged approach - one that persists and correlates security defenses to better enable business results.
  • Cybersecurity Myths That Are Harming Your Business Recorded: Sep 9 2020 61 mins
    Dan Woods, VP Shape Intelligence Center and Former FBI Agent
    Myths have always made up some of the most well-known stories and folklore around the world. But the last thing you want to do is base real business decisions and security outcomes on a well told story, even if it does sounds convincing. A misunderstanding of what does and does not protect your digital footprint can lead to devastating breaches.

    Join us for this webinar as Dan Woods, VP Shape Intelligence Center and former FBI Agent, separates fact from fiction when it comes to defending your apps from sophisticated adversaries, including:

    - Understanding how MFA just adds more information to the dossier of a targeted account

    - Password schemes won’t protect user accounts from being taken over

    - CAPTCHA is a fabled response to a sophisticated problem
  • COVID Changes Everything: How users and fraudsters are responding Recorded: Sep 3 2020 20 mins
    Sumit Agarwal, Co-founder, Shape Security, Part of F5
    COVID-19 has rapidly transformed many brick-and-mortar industries, including retail and restaurant operations around the world. Restrictions impacting real-world experiences such as in-store shopping and dine-in services have driven an explosion in online orders and curbside or delivery, all powered by web and mobile applications.

    Fraudsters are cashing in on COVID-19 with new online schemes that are costing businesses millions in new fraud losses. In one current campaign, fraudsters are selling online orders for pennies on the dollar in a scheme to monetize stolen and synthetically generated credit cards. These schemes prey on consumers looking for a good deal in economically challenging times.

    In this webinar, Shape Security will share up-to-the-moment information on:
    - The latest fraud schemes working against online applications
    - Methods fraudsters use to recruit their audience of unwitting consumers via social media
    - How the criminals monetize these schemes – and what that means for fraud losses
  • Cybercriminal Evasion Techniques & Tools Recorded: Aug 12 2020 41 mins
    Melissa McRee, Shape Intelligence Center
    Cyberattacks have evolved since the advent of online transacting almost 25 years ago, with attackers continually escalating and refining their evasion techniques to protect their illicit revenue streams. The increasing sophistication of these attacks is directly correlative to their ability to circumvent traditional defenses such as CAPTCHA and MFA, deploying Malware with the intent of extracting monetary value and/or scraping personal information from their targets to take over accounts.
  • Application Security Priorities Heading into 2H 2020 Recorded: Jul 21 2020 49 mins
    Mike Plante, VP of Product Marketing, Shape, Part of F5
    The first half of 2020 ushered in some dramatic changes in web and mobile application usage and application security. The global pandemic radically altered consumer behaviors as industries around the world shifted their mix of offline and online business overnight. Not surprisingly, attackers are taking advantage of these shifts and innovating to deploy new attacks and schemes to defraud.

    While the economic outlook for the rest of 2020 is cloudy (at best) for much of the world, there are some key lessons learned and trends that we can use as a community to set priorities for application security in 2H 2020.

    Whether you believe we’ll be still in the throes of COVID-19 or entering a post-COVID world, in this webinar, you’ll learn about:

    - Major shifts in application usage and attacker behavior in 1H 2020
    - How those 1H trends will project into 2H 2020
    - Recommendations for security leaders as you build out your 2H app sec plans and priorities
  • How Online Businesses Can Defeat Application Fraud in a Multi-Cloud World Recorded: Jul 2 2020 17 mins
    Shuman Ghosemajumder, Global Head of AI, F5 Networks
    Businesses need to hold their partners and technology accountable for security outcomes rather than existing functionality that today’s bad actors continually engineer around. Billions of dollars in fraud loss, reputational damage, and disruptions to critical online services are at stake.

    In this webinar, we will explore:
    • What businesses are facing next in the world of fraud and cybercrime
    • How to commit to the continual progression and sophistication of our defense landscape in order to stay one step ahead of bad actors
    • The role AI can play to deliver security outcomes
  • Defeating Application Fraud with AI & Machine Learning Recorded: Jun 11 2020 21 mins
    Mike Plante, VP Product Marketing, Shape Product Group at F5
    Now part of F5, Shape Security offers the leading solution for the world’s largest companies to prevent fraud and financial abuse. With an advanced platform that utilizes artificial intelligence and machine learning—supported by powerful cloud-based analytics—Shape protects against attacks that bypass other security and fraud controls. In this session, see how the combined capabilities of Shape Security and F5 can help defend every app from attacks, fraud, and abuse in a multi-cloud world.
  • Stop Fraud and Abuse with Advanced Artificial Intelligence and Machine Learning Recorded: Jun 2 2020 6 mins
    Brian Uffelman, Sr. Product Marketing, Shape, Part of F5
    Shape Security offers the leading solution for the world’s largest companies to prevent fraud and financial abuse. See how the combined capabilities of Shape Security and F5 can help defend every app from attacks, fraud, and abuse in a multi-cloud world.
  • Compromised Credentials, Customer Satisfaction, and Your Bottom Line Recorded: May 21 2020 32 mins
    Smriti Jaggi, Threat Intelligence Analyst, Shape Security
    Researchers estimate that as many as 80% of people reuse passwords across multiple accounts. With more than 13 billion compromised credentials for sale on the dark web, many organizations are highly exposed and do not even know it.

    In this webinar, you will learn how to protect your organization from compromised credentials even before they hit the Dark Web while providing a simplified password experience for your users.
  • Credential Stuffing 2020: Latest Attack Trends and Tools Recorded: May 7 2020 26 mins
    Jarrod Overson, Director of Engineering, Shape Security
    Every day there is a cat and mouse game security professionals play with attackers trying to make an illicit profit at your company’s or your customers’ expense. Understanding where we have come from can give you clues and ideas about what attackers will do next and how to be one step ahead of the pack.

    In this session, you will learn about the evolution and economics of credential stuffing and how to make yourself a hard target that is just not worth the effort.
  • Attacks and Fraud in Uncertain Times Recorded: Apr 30 2020 37 mins
    Dan Woods, VP Shape Intelligence Center and Former FBI Agent
    Throughout much of the world, COVID-19 has impacted how, where, and even whether we conduct many routine activities, accelerating digital transformation across almost every industry. With this increase in online activity, many different stories are being told surrounding COVID-19’s effect on cyberattacks against web and mobile applications.

    Shape protects more accounts from fraud than everyone else in the world combined, giving us a unique perspective on what's really happening during the current pandemic (or not happening). We reviewed our data and compiled a summary of our findings of COVID-19’s impact on online traffic from customers, fraudsters, and bots.

    Join us for this webinar and learn:

    - The true impact of COVID-19 on ATOs, credential stuffing, and scraping attacks
    - How traffic and attack volumes vary across different industries
    - What companies can do to protect their web and mobile apps during uncertain times
  • Beyond Automated Attacks: Manual Fraud, Genesis & Magecart Recorded: Apr 16 2020 16 mins
    Dan Woods | VP Shape Intelligence Center and Former FBI Agent, Shape Security
    Cyber attackers continue to retool, learn and develop more and more sophisticated techniques. Seeing the complete picture and having an understanding of how attackers evolve from rudimentary automated attacks to manual fraud fuelled by malware will help you ensure your organization is well prepared.

    In this session, you will get a complete overview of attacker modes of operation.
  • Digital Skimming, Fraud & PII Theft: Magecart & Other Application Code Attacks Recorded: Apr 2 2020 27 mins
    Wesley Hales | Director, Partner Solutions, Shape Security
    Magecart and other malicious JavaScript attacks have defeated CDN, WAFs, and many other security measures because of how and when they execute their code. These breaches have occurred anywhere from small eCommerce sites to some of the largest brands in the world.

    In this webinar, you will learn the top 5 ways Magecart attacks are executed, how to assess your current threat surface level, and how to lock them down.
  • F5 and Shape Join Forces to Crush Fraud and Abuse Recorded: Mar 12 2020 54 mins
    Shuman Ghosemajumder Global Head of AI, F5 Networks | Joel Moses Office of the CTO, F5 Networks
    In a digital transformation world, your applications ARE your business. That’s where you interact with your customers, where you deliver value, and where your experiences differentiate your business. The problem is, the bad guys know that too. That’s why we are seeing an escalating war on web and mobile apps across every vertical in every market.

    F5 and Shape have joined forces to defend EVERY app from attack, with a comprehensive application security portfolio, powered by a proven AI/ML engine, to slash fraud and abuse, prevents reputational damage, and eliminate business disruptions.

    Watch this informative webinar on the future of application security to learn about:

    - Where are cybercriminals headed next in their attacks on applications

    - How to slash fraud losses, chargebacks, stolen loyalty points, and unauthorized fund transfers

    - How to prevent reputational damage and disruptions to critical online services

    - How your team can reduce appsec complexity and improve application performance

    - How to support real-world multi-cloud environments
  • Critical Infrastructure Attacks: Between Apocalypse and Reality Recorded: Feb 12 2020 30 mins
    Tara Seals, Senior Editor, Threatpost
    Learn about the vulnerabilities and malware in circulation affecting power plants and other utilities, oil and gas installations and more.

    In this session, you will learn about the real-world attacks to date and what could be brewing, along with the nation-state and other actors that are focused on wreaking havoc in this segment.
  • Attacker Economics: Hacker Cost vs Value Recorded: Feb 12 2020 31 mins
    Jarrod Overson, Director of Engineering, Shape Security
    Major attacks, breaches, exploits, and malware are nearly a daily occurrence. The problem is two-fold, attacks are getting cheaper to perform and the value of stolen credentials is increasing daily. In this session, Jarrod Overson, Director at Shape Security, will reveal how cheap modern attacks have become and how cybercriminals bypass defenses like CAPTCHAs and browser fingerprints.

    You will learn:

    - Why attackers are hyper-incentivized due to the dirt-cheap cost of attacks
    - How attacks have evolved over time and insights into where attacks are going
    - What cybersecurity and development teams must change to reflect the realities of attackers that won’t quit
  • Shape Security Predictions 2020 Report: Emerging Threats to Application Security Recorded: Feb 12 2020 29 mins
    Mike Plante, CMO, Shape Security
    Understand and prepare for the new threats and trends before you see them in the news.

    In this session, you will learn key emerging trends and gain insights into how you can stay ahead of hackers and use security to help reduce customer friction and grow your business.
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Shape Security protects Fortune 500 websites from malware, botnets and scripts. Shape protects websites using real-time polymorphism to make websites a moving target. Shape stops the cause of the most serious breaches – web automation.

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  • Live at: Jan 8 2020 6:00 pm
  • Presented by: Mengmeng Chen, Threat Intelligence Lead, Shape Security
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