Tag: Fraud

May 11, 2022

Countries south of the Sahara are some of the world’s fastest-growing online markets — which makes them both attractive and vulnerable to cybercrime, say specialists. “The issue of cybersecurity has to be raised to the core duties of the state,” […]

April 26, 2022

Pindrop released a report uncovering how companies might be accidentally inviting fraud, threat mongers from the dark web and bad actors better prepared to pass authentication. Data dealers are growing more sophisticated, offering more service, more details, and more organized […]

April 8, 2022

A 32-year-old Ukrainian national has been sentenced to five years in prison in the U.S. for the individual’s criminal work as a “high-level hacker” in the financially motivated group FIN7. Denys Iarmak, who worked as a penetration tester for the […]

March 28, 2022

April 18 marks the end of the 2022 US tax season and those individuals who are yet to file their taxes should get a move on. But they should not throw caution to the wind, as scammers, fraudsters, phishers and […]

March 3, 2022

Now more than ever, life happens online. But, with greater connectedness comes enhanced risk. Millions of Americans fall victim to identity theft and fraud each year, resulting in billions of dollars in losses. “In today’s digitally connected world, cyber fraud […]

February 14, 2022

An Arkose Labs report is warning UK commerce that it faces its most challenging year ever. Experts analyzed over 150 billion transaction requests across 254 countries and territories in 2021 over 12 months to discover that there has been an […]

January 24, 2022

Allegedly created in 2010 by Svyatoslav Bondarenko, of Ukraine, the cybercrime group was involved in the theft, sale, and dissemination of personally identifiable information (PII), credit card data, and malware, among others. In 2018, the United States Department of Justice […]

December 21, 2021

The holiday shopping season sees vast numbers of people flock online to take advantage of mass sales, most notably during the Black Friday and Cyber Monday period of late November. Cybercriminals are known to significantly expand their efforts to exploit […]

October 19, 2021

The man, Justin Sean Johnson, 30, formerly of Detroit, Michigan, who was known on the dark web as TheDearthStar and Dearthy Star, stole personally identifiable information (PII) of more than 65,000 UPMC employees. Johnson, the DoJ explains, hacked UPMC’s servers […]

September 16, 2021

Bot attack volumes grew 41% year over year with human-initiated attacks falling 29%, according to a report from LexisNexis Risk Solutions. The report confirms earlier trend patterns showing the financial services industry and media businesses bear the brunt of increased […]

September 9, 2021

One of the first internet memes was born when The New Yorker published the now iconic cartoon captioned, “On the internet, no one knows you’re a dog.” Today we might update that to: “On the phone, no one knows you’re […]

August 23, 2021

The video game industry is soaring, not in the least thanks to the lockdowns, which forced people to look for new ways to entertain themselves and socialize. Even with things going back to normal, gaming is expected to have a […]

July 9, 2021

Crime thrives in a crisis, and the coronavirus was the largest collective emergency that the world has faced for decades. While there are more heroes than villains in the coronavirus story — think of all the sacrifices doctors, nurses, and […]

June 4, 2021

As countries across the globe ease Covid-19 restrictions for travel, consumers are preparing for a much-anticipated summer vacation. However, as the hospitality sector is off to a steady reboot, it’s not just vacationers who are excited about the prospects of […]

April 28, 2021

Despite more than 70% of banks and insurers having experienced a 32% rise in cyber crime during the Covid-19 pandemic, financial institutions (FIs) have slashed their IT security, cyber crime, fraud and risk department budgets by 27% in the past […]

March 23, 2021

Despite newly created opportunities for fraudsters to rip-off unsuspecting citizens during the ongoing pandemic, tech support scams inflicted nearly $150 million in reported losses in 2020. According to the 2020 Internet Crime Report, the FBI’s Internet Crime Center received 15,421 […]

March 16, 2021

A new report uncovers a striking pervasiveness of identity theft perpetrated against U.S. consumers where half of respondents surveyed experienced such an occurrence during the pandemic. Developed by Aite Group and underwritten by GIACT, the study found that 47% of […]

February 19, 2021

Bottomline and Strategic Treasurer released the results of a survey that gathered details about corporate and banking experiences, actions and plans regarding fraud. Results show that the pandemic accelerated both the threat of fraud and the response to it, with […]

February 15, 2021

The Internal Revenue Service (IRS) began accepting tax-return applications last Friday. As millions of citizens prepare for what may be the most challenging tax season to date, identity thieves got a head start, deploying phishing campaigns impersonating the agency as […]

February 12, 2021

The US Cybersecurity and Infrastructure Security Agency (CISA) has issued a warning regarding the upcoming Valentine’s Day, telling people to watch out for romance scams. If there’s money to be made, criminals will find a way to take advantage of […]