Tag: fraud
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Romanian Hacker Extradited to US Admits Hacking Oregon State Network
Catalin Dragomir admits to hacking an Oregon government office and selling network access. Read more on the $250k fraud case and his 2026 sentencing. First seen on hackread.com Jump to article: hackread.com/romanian-hacker-extradited-us-hacking-oregon-state/
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International operation dismantles fraud network, Euro400,000 seized
A coordinated international operation supported by Eurojust dismantled a fraudulent call centre operating from three offices and targeting citizens throughout Europe. … First seen on helpnetsecurity.com Jump to article: www.helpnetsecurity.com/2026/02/24/eurojust-international-action-fraudulent-call-centre-takedown/
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So You Think You Have Cyber Insurance? The Breach is Only the First Incident. The Claim is the Second.
Explore the complexities of cyber insurance, including common claim denials, coverage disputes, and evolving risks like ransomware, AI fraud, and BEC. Learn how to navigate insurance ecosystems to secure reliable coverage that stands firm in loss situations. First seen on securityboulevard.com Jump to article: securityboulevard.com/2026/02/so-you-think-you-have-cyber-insurance-the-breach-is-only-the-first-incident-the-claim-is-the-second/
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Moving From Anomalies to Connections in Fraud Defense
Shared Network Intelligence Adds Ecosystem Visibility to AI Models. Fraudsters collaborate, but most banks still detect fraud alone. This imbalance has defined fraud prevention for years. Now CISOs and fraud practitioners are rethinking their approach using network intelligence signals. Network intelligence shifts the lens by focusing on relationships across banks. First seen on govinfosecurity.com Jump…
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PayPal Ties Small Data Breach and Fraud to App Coding Error
Fintech Giant Says Personal Data Exposed for About 100 Business Users of Loan App. Financial services firm PayPal said it discovered a data breach that lasted for six months, exposed some business customers’ personal information and led to fraudulent charges. The company said about 100 customers were affected, and that it has fully refunded them…
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Over 200K Australian Driver’s Licences Exposed in youX Cyber Breach
A youX breach exposed sensitive borrower data in Australia, including over 200,000 driver’s licence numbers, raising fraud and phishing risks. The post Over 200K Australian Driver’s Licences Exposed in youX Cyber Breach appeared first on TechRepublic. First seen on techrepublic.com Jump to article: www.techrepublic.com/article/news-youx-data-breach-australia-drivers-licence-exposure/
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Fraud Investigation Reveals Sophisticated Python Malware
Sophisticated Python malware uncovered in fraud probe shows obfuscation, disposable infrastructure First seen on infosecurity-magazine.com Jump to article: www.infosecurity-magazine.com/news/fraud-investigation-python-malware/
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Identity verification systems are struggling with synthetic fraud
Fake and expired IDs keep showing up in routine customer transactions, from alcohol purchases to credit card applications. The problem shows up most often in industries that … First seen on helpnetsecurity.com Jump to article: www.helpnetsecurity.com/2026/02/23/analysis-identity-verification-fraud-report/
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Google Blocks 1.75 Million Malicious Apps from Entering Play Store
Google has revealed that it blocked more than 1.75 million malicious or policy”‘violating Android apps from reaching users through the Play Store in 2025, highlighting a major AI”‘driven push to secure the mobile ecosystem against malware, fraud, and privacy abuse. More than 80,000 “bad” developer accounts were also banned, cutting off repeat offenders who tried…
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The Cyber Express Weekly Roundup: AI Disruption, Regulatory Pressure, and the Evolving Cyber Threat Landscape
Artificial intelligence is no longer a future-facing concept; it is actively reshaping cyber risk, regulatory enforcement, and enterprise security strategy in real time. This week’s The Cyber Express weekly roundup reflects the modern environment where AI-driven fraud, deepfake investigations, ransomware incidents, and mobile malware innovations are unfolding simultaneously across multiple regions. First seen on thecyberexpress.com Jump to article: thecyberexpress.com/ai-deepfakes-ransomware-weekly-roundup/
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Ukrainian National Sentenced to 5 Years in North Korea IT Worker Fraud Case
A 29-year-old Ukrainian national has been sentenced to five years in prison in the U.S. for his role in facilitating North Korea’s fraudulent information technology (IT) worker scheme.In November 2025, Oleksandr “Alexander” Didenko pleaded guilty to wire fraud conspiracy and aggravated identity theft for stealing the identities of U.S. citizens and selling them to IT…
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PayPal launches latest struggle to get rid of SMS for MFA
Tags: authentication, ceo, ciso, communications, compliance, cybersecurity, email, finance, fraud, government, group, login, mfa, mobile, nfc, passkey, password, phishing, risk, service, strategy, switch, updateMuddled effort, mixed messages Flavio Villanustre, CISO for the LexisNexis Risk Solutions Group, says he’s “always found it odd” that PayPal still supports SMS as its primary secondary authentication factor.”Everyone in financial services and government has abandoned it for not being sufficiently secure and are moving to even phishing-resistant authentication, such as passkeys, Yubikeys,” he…
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The CISO view of fraud risk across the retail payment ecosystem
In this Help Net Security interview, Paul Suarez, VP and CISO at Casey’s, explains how his team manages patching and upgrades for fuel payment systems with long hardware … First seen on helpnetsecurity.com Jump to article: www.helpnetsecurity.com/2026/02/20/paul-suarez-caseys-convenience-store-payment-fraud/
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Treasury AI Plan Faces Calls for Enforceable Controls
Analysts Urge Mandatory Guardrails on AI Agents, Identity and Privilege. Security leaders are pressing Treasury to embed enforceable guardrails – covering adversarial testing, AI inventory, identity privilege mapping and real-time monitoring – into its forthcoming financial-sector AI guidance as deepfake fraud, data poisoning and autonomous agent risks escalate. First seen on govinfosecurity.com Jump to article:…
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Cryptohack Roundup: Paxful’s $4M Penalty
Also: Coinbase’s Agentic AI Wallets, $1M Fraud Indictment. This week, Paxful’s $4M AML penalty, Coinbase’s agentic AI wallets, a $1M fraud indictment, a 20-year $200M Ponzi sentence, laundering from the $200M Mixin hack, a Binance France home invasion attempt, insider betting charges in Israel and lost seized bitcoin in South Korea. First seen on govinfosecurity.com…
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Industrial-Scale Fake Coretax Apps Drive $2m Fraud in Indonesia
Fraud campaign exploiting Indonesia’s Coretax resulted in $1.5m to $2m in losses via malicious apps First seen on infosecurity-magazine.com Jump to article: www.infosecurity-magazine.com/news/fake-coretax-apps-fraud-indonesia/
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How AI Agents Are Transforming Identity Verification and Authentication Systems
Explore how AI agents enhance identity verification and authentication systems with smarter fraud detection and seamless user security. First seen on securityboulevard.com Jump to article: securityboulevard.com/2026/02/how-ai-agents-are-transforming-identity-verification-and-authentication-systems/
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Men sentenced to 8 years in $1.3 million computer intrusion and tax fraud scheme
Matthew A. Akande, a Nigerian national, was sentenced by a U.S. District Court to eight years in prison, followed by three years of supervised release, for his role in a … First seen on helpnetsecurity.com Jump to article: www.helpnetsecurity.com/2026/02/19/tax-refund-fraud-cybercrime-1-3-million/
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Men sentenced to 8 years in $1.3 million computer intrusion and tax fraud scheme
Matthew A. Akande, a Nigerian national, was sentenced by a U.S. District Court to eight years in prison, followed by three years of supervised release, for his role in a … First seen on helpnetsecurity.com Jump to article: www.helpnetsecurity.com/2026/02/19/tax-refund-fraud-cybercrime-1-3-million/
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Police arrests 651 suspects in African cybercrime crackdown
African authorities arrested 651 suspects and recovered over $4.3 million in a joint operation targeting investment fraud, mobile money scams, and fake loan applications. First seen on bleepingcomputer.com Jump to article: www.bleepingcomputer.com/news/security/police-arrests-651-suspects-in-african-cybercrime-crackdown/
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Police arrests 651 suspects in African cybercrime crackdown
African authorities arrested 651 suspects and recovered over $4.3 million in a joint operation targeting investment fraud, mobile money scams, and fake loan applications. First seen on bleepingcomputer.com Jump to article: www.bleepingcomputer.com/news/security/police-arrests-651-suspects-in-african-cybercrime-crackdown/
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Police arrests 651 suspects in African cybercrime crackdown
African authorities arrested 651 suspects and recovered over $4.3 million in a joint operation targeting investment fraud, mobile money scams, and fake loan applications. First seen on bleepingcomputer.com Jump to article: www.bleepingcomputer.com/news/security/police-arrests-651-suspects-in-african-cybercrime-crackdown/
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Critical Grandstream VoIP Bug Highlights SMB Security Blind Spot
CVE-2026-2329 allows unauthenticated root-level access to SMB phone infrastructure, so attackers can intercept calls, commit toll fraud, and impersonate users. First seen on darkreading.com Jump to article: www.darkreading.com/threat-intelligence/grandstream-bug-voip-security-blind-spot
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Deepfakes, Betrug und unsichere Inhalte – 2025 gab es 346 KI-Vorfälle, ChatGPT am häufigsten beteiligt
First seen on security-insider.de Jump to article: www.security-insider.de/steigende-vorfaelle-von-ki-missbrauch-2025-a-7188b0190068b40db2b49da6c7830a1f/
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Cryptocurrency Scams in Asia Combine Malvertising and Pig Butchering, Causing Losses Up to ¥10 Million
A rising wave of cryptocurrency scams sweeping across Asia is blending two major fraud techniques malvertising and pig butchering to create a more deceptive and scalable attack model. The scams begin with malvertising, where attackers run ads impersonating well”‘known financial experts or promoting AI”‘powered trading platforms. These ads often seen on Facebook, Instagram, and other social media sites direct users…
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Keenadu backdoor found preinstalled on Android devices, powers Ad fraud campaign
Kaspersky uncovered Keenadu, an Android backdoor used for ad fraud that can even take full control of devices. Kaspersky has identified a new Android malware called Keenadu. It can be preinstalled in device firmware, hidden inside system apps, or even distributed via official stores like Google Play. Currently used for ad fraud by turning infected…
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Banks Need Revocable AI Identities, Continuous Trust Models
Fraud Specialist David Barnhardt on Addressing Authentication Risks of Agentic AI. Financial institutions are racing to deploy AI agents that can initiate payments, approve transactions and freeze accounts. But traditional authentication frameworks assume there’s a human on the other end. As agentic AI use grows, banks are facing an authentication crisis that demands new controls.…