Loyalty accounts are big business, and hackers and fraudsters are increasingly zeroing in on a potential goldmine. According to one study, the global market for loyalty management is set to grow at an annual growth rate of 12.3% over the coming seven years to reach nearly US$18 billion by 2028. And where there’s money and users, cybercrime inevitably follows.

Cyber-attacks have become something which the general public is increasingly aware of. However, a perception still exists, certainly, outside the IT industry, that cyber-attacks are just something that happen on the Internet. It’s difficult to relate to and equate the impact of cybercrime on its victims – whether it’s an individual or a company forced for ransom to restore systems.

FC brings a unique perspective at Intersec, where he will discuss how cybercriminals get around access controls, how governments and organizations can identify their cyber weaknesses, and what they can do to improve their security.

According to Michael Heywood: “We’ll see supply chain attacks continue to rise over next year as threat actors search for weak links in software supply-chains, targeting software used widely and globally, or by specific company.”

CPR found 11 compromised wallet accounts, each of them containing between $1K to $10K. CPR went on to learn that the scammers had withdrawn some of the funds already before CPR’s discovery.