Tag: Fraud

February 27, 2024

China’s Ministry of Industry and Information Technology has warned local netizens that fake wallet apps for the nation’s central bank digital currency (CBDC) are already circulating and being abused by scammers. The digital renminbi – aka the e-Yuan or e-CNY […]

February 12, 2024

More than 70,000 presumably legit websites have been hijacked and drafted into a network that crooks use to distribute malware, serve phishing pages, and share other dodgy stuff, according to researchers. This mesh of compromised sites is known as VexTrio, […]

February 8, 2024

A cybersecurity researcher and his pal are facing charges in California after they allegedly defrauded an unnamed company, almost certainly Apple, out of $2.5 million. Noah Roskin-Frazee and Keith Latteri are alleged to have gained access to Apple’s systems via […]

December 20, 2023

A transnational police operation has resulted in the arrest of 3,500 alleged cybercriminals and the seizure of $300 million in cash and digital assets. Interpol on Tuesday revealed the results of what it’s dubbed Operation HAECHI IV – a six-month […]

October 27, 2023

Consumers are ready for the next wave of payment technology, including deployment of AI-driven biometrics to verify identity in digital-first account opening processes, according to Entrust. The key to future payment solutions 63% of respondents indicated that they are comfortable […]

June 5, 2023

Forced verification and deepfake cases multiply at alarming rates in the UK and continental Europe, according to Sumsub. In Germany alone, forced verification grew by 1500% as a proportion of all fraud cases, from 0.3% in the full year 2022 […]

May 22, 2023

A U.K. national responsible for his role as the administrator of the now-defunct iSpoof online phone number spoofing service has been sentenced to 13 years and 4 months in prison. Tejay Fletcher, 35, of Western Gateway, London, was awarded the […]

May 18, 2023

A U.S. national has pleaded guilty in a Missouri court to operating a darknet carding site and selling financial information belonging to tens of thousands of victims in the country. Michael D. Mihalo, aka Dale Michael Mihalo Jr. and ggmccloud1, […]

March 21, 2023

A Bulgarian woman extradited to the United States for her role in a $4 billion crypto pyramid scheme adds to a growing list of law enforcement actions against perpetrators of the OneCoin Ponzi scheme. Federal prosecutors say Irina Dilkinska, 41, […]

January 23, 2023

Two security flaws have been disclosed in Samsung’s Galaxy Store app for Android that could be exploited by a local attacker to stealthily install arbitrary apps or direct prospective victims to fraudulent landing pages on the web. The issues, tracked […]

December 29, 2022

Less sophisticated fraud — in which doctored identity documents are readily spotted — has jumped 37% in 2022, according to Onfido. Fraudsters can scale these attacks on an organization’s systems around the clock. It is estimated that the current global […]

November 30, 2022

In 2012, the US Federal Bureau of Investigation (FBI) began investigating an influx of reported fraud incidents involving threat actors rerouting payments to attacker-controlled accounts. In these incidents, victims received seemingly legitimate emails containing requests to alter scheduled payments. The […]

October 11, 2022

Since its inception, the global pandemic has continued to have a long-lasting impact on how we buy, work, and also how our businesses operate.  As such, user behaviour has naturally evolved, leading to developments in customer experience (CX) to meet […]

July 13, 2022

Flashpoint released Flashpoint Automate, a low-code security automation platform that enables cyber threat intelligence (CTI), security operation center (SOC), fraud, vulnerability management, and physical security teams to build, implement, and accelerate automated incident response workflows around repetitive security-related tasks. Using […]

July 13, 2022

Seasoned fraud expert PJ Rohall has recently become the new Head of Fraud Strategy & Education at SEON. In this Help Net Security interview, he talks about how he entered the industry, about the evolving fraud landscape, and offers advice […]

July 1, 2022

Argyle announced a new integration with Ping Identity, the intelligent identity solution for the enterprise. The partnership will integrate Argyle into PingOne DaVinci’s no-code identity orchestration service, enhancing Know Your Customer (KYC) and fraud detection through the use of payroll […]

June 23, 2022

Europol has coordinated a joint operation to arrest members of a cybercrime gang and effectively dismantle their campaigns that netted million in Euros. This operation also led the Belgian Police (Police Fédérale/Federale Politie) and the Dutch Police (Politie) to nine […]

June 22, 2022

Europol on Tuesday announced the dismantling of an organized crime group that dabbled in phishing, fraud, scams, and money laundering activities. The cross-border operation, which involved law enforcement authorities from Belgium and the Netherlands, saw the arrests of nine individuals […]

June 8, 2022

The Identity Theft Resource Center (ITRC) and LexisNexis Risk Solutions have released the Pandemic-Related Identity Fraud Crime Victim Impacts Report, which shows how individuals and government agencies have been impacted since 2020 by an unprecedented wave of government benefits identity […]

May 12, 2022

ForgeRock introduced ForgeRock Autonomous Access, a new solution that uses artificial intelligence (AI) to prevent identity-based cyber attacks and fraud. The new solution monitors login requests in real-time to block malicious attempts, adds authentication steps for anomalous behaviors, and streamlines […]