Those who follow current events within the id verification and fraud prevention industry are all too familiar with the amount of international cybercrime that is conducted on a daily basis.

The United States Federal Trade Commission (FTC) Red Flags Rule, an unprecedented move in the federal government’s fight against id theft, has once again seen its deadline for nationwide compliance pushed back to accommodate requests from Congress.

Three men were charged with cyber fraud by a United States grand jury. Their scheme involved using phony Internet ads claiming, to unsuspecting people and businesses, their computer was infected with virus, malware and other malicious software.

No matter how well you think you know the tactics employed by identity thieves, the fast paced and deceptive nature of business fraud can still be surprising.

In an interesting post made to Krebs on Security last week, blog contributor Aaron Jacobson of Authentify revealed an interactive map charting the locations of all major banking fraud incidents reported on by Krebs, both at his current blog and former work for The Washington Post.

In an industry which is consistently and rapidly evolving to counteract cyber security threats, regular peer review and analysis is critically important.

Businesses across the globe are becoming increasingly more aware of cyber crime, and are taking more detailed and efficient steps towards protecting their valuable data each year.