Tag: fraud
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How the generative AI boom opens up new privacy and cybersecurity risks
Privacy and cybersecurity risks: Another major problem lies in potential privacy and cybersecurity breaches, both for end users and for the companies themselves.Panda warns how AIs fed with large amounts of personal data can become a gateway to fraud or to create much more sophisticated and infallible attacks if they fall into the wrong hands.…
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How the generative AI boom opens up new privacy and cybersecurity risks
Privacy and cybersecurity risks: Another major problem lies in potential privacy and cybersecurity breaches, both for end users and for the companies themselves.Panda warns how AIs fed with large amounts of personal data can become a gateway to fraud or to create much more sophisticated and infallible attacks if they fall into the wrong hands.…
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How the generative AI boom opens up new privacy and cybersecurity risks
Privacy and cybersecurity risks: Another major problem lies in potential privacy and cybersecurity breaches, both for end users and for the companies themselves.Panda warns how AIs fed with large amounts of personal data can become a gateway to fraud or to create much more sophisticated and infallible attacks if they fall into the wrong hands.…
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Law Enforcement Operation Seizes Fake ID Platform VerifTools
FBI Seizes Domains; Dutch Police Analyzing Seized Data to Identify Admin and Users. An international law enforcement operation involving the FBI and Dutch police has shuttered VerifTools, a key platform for generating fake identification documents cops have tied to multiple help desk fraud, cryptocurrency theft and other cybercrime cases. First seen on govinfosecurity.com Jump to…
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GenAI is fueling smarter fraud, but broken teamwork is the real problem
More than 80 percent of large U.S. companies were targeted by socially engineered fraud in the past year, according to Trustmi’s 2025 Socially Engineered Fraud Risk … First seen on helpnetsecurity.com Jump to article: www.helpnetsecurity.com/2025/09/01/ciso-fraud-prevention-genai/
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Task Scams: Trend Micro warnt vor digitalem Job-Betrug
First seen on datensicherheit.de Jump to article: www.datensicherheit.de/task-scams-trend-micro-warnung-digital-job-betrug
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Scammer steals $1.5 million from Baltimore by spoofing city vendor
In a post mortem of the incident, Baltimore Inspector General Isabel Mercedes Cumming said the city’s accounts payable department had failed to implement corrective measures after previous incidents of fraud and did not have proper protections in place to verify supplier details. First seen on therecord.media Jump to article: therecord.media/scammer-steals-baltimore-city-impersonation-vendor
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Inside the Scammer’s Mind: Attack Data Revealed
Inside the Mind of a Scammer: New Research That Unravels the Latest Fraud Trends To outsmart cybercriminals, you need to get inside their heads”, decipher their motives, anticipate their tactics. That’s exactly what our team of experts at Arkose Labs did. We pored over 12 months of data from some of the most heavily targeted…
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Anthropic Warns of AI-Powered Cybercrime in New Threat Report
Anthropic’s August report reveals hackers, North Korean operatives, and state actors misused its Claude AI for extortion, fraud, and espionage. First seen on techrepublic.com Jump to article: www.techrepublic.com/article/news-anthropic-warns-ai-powered-cyber-crime/
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Cryptohack Roundup: Scammer Posing as UK Police Steals Bitcoin
Also: Taiwan Charges 14 in $41M Fraud; 1,200 Arrested in Cybercrime Bust. This week, a scammer posed as police to steal bitcon, Taiwan charged 14 in a $41M fraud case, U.S. regulators lifted a consent order on Anchorage Digital, U.S. federal prosecutors said writing code alone is not a crime and the U.S. Commodity Futures…
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Cryptohack Roundup: Scammer Posing as UK Police Steals Bitcon
Also: Taiwan Charges 14 in $41M Fraud; 1,200 Arrested in Cybercrime Bust. This week, a scammer posed as police to steal bitcon, Taiwan charged 14 in a $41M fraud case, U.S. regulators lifted a consent order on Anchorage Digital, U.S. federal prosecutors said writing code alone is not a crime and the U.S. Commodity Futures…
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How ACI Worldwide Plans to Take APP Scams Head-On – Part 2
XML-Based Messaging Tech Extends Fraud Detection Into Wider Bank Use Cases. ACI’s signals network intelligence harnesses neural networks and federated machine learning to spot fraud in real time without banks sharing data. Beyond fraud detection, its insights can drive business growth from other business units, and ACI aims to accelerate adoption by making it open…
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New York Attorney General Sues Zelle Parent Over Fraud Failures, Raising Stakes for Real-Time Payment Security
New York AG Letitia James has sued Zelle’s parent, Early Warning Services, over billions lost to fraud, spotlighting the urgent need for stronger safeguards, consumer protections, and risk quantification in real-time payments. First seen on securityboulevard.com Jump to article: securityboulevard.com/2025/08/new-york-attorney-general-sues-zelle-parent-over-fraud-failures-raising-stakes-for-real-time-payment-security/
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Fraud, Romance Scams, and Laundered Millions: Fifth Conspirator Convicted
A federal jury in Puerto Rico has convicted Oluwasegun Baiyewu, the fifth defendant in a transnational money laundering conspiracy involving fraud schemes run by Nigerian Organized Crime Groups. The 37-year-old Texas resident was found guilty following a 22-day trial in San Juan. First seen on thecyberexpress.com Jump to article: thecyberexpress.com/baiyewu-convicted-in-money-laundering/
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Euro banks block billions in rogue PayPal direct debits after fraud glitch
US payments platform back in action, says it’s informing affected customers First seen on theregister.com Jump to article: www.theregister.com/2025/08/28/euro_banks_block_paypal_direct_debits/
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The CISO succession crisis: why companies have no plan and how to change that
The technical-to-strategic divide: One major obstacle keeping many mid-level security pros from becoming CISOs isn’t their tech skills, it’s learning to shift from doing hands-on security work to acting as strategic business partners. That change takes a whole new set of skills and a different way of thinking.”I think you see this with a lot…
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US sanctions fraud network used by North Korean ‘remote IT workers’ to seek jobs and steal money
Treasury officials say the North Korea government used the fraud network to generate money for the regime’s nuclear weapons program. First seen on techcrunch.com Jump to article: techcrunch.com/2025/08/27/us-sanctions-fraud-network-used-by-north-korea-to-seek-jobs-and-steal-money/
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Fraudulent email domain tracker: August 2025
This is the fifth edition of our monthly tracker highlighting email domains linked to fraudulent activity. Just like in July’s report, our goal is to equip security and anti-fraud teams with greater visibility into the email infrastructure commonly exploited by bots and fraudsters. What this list includes: The First seen on securityboulevard.com Jump to article:…
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How ACI Worldwide Plans to Take APP Scams Head-On – Part 1
ACI Worldwide’s Signals Network Intelligence Technology Promises to Fight APP Scams. Real-time payments are set to boost global GDP by $285.8 billion and bring 167 million people into the financial system by 2028. ACI Worldwide says real-time fraud prevention is key to protecting these gains. First seen on govinfosecurity.com Jump to article: www.govinfosecurity.com/how-aci-worldwide-plans-to-take-app-scams-head-on-part-1-a-29293
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Google Introduces Enhanced Developer Verification for Play Store App Distribution
Google has announced that all Android apps installed on approved devices will soon need to be able to be traced back to a verified developer identity in an effort to combat the growing wave of financial fraud operations and mobile viruses. The policy, scheduled to roll out in select high-risk regions in 2025 before global…
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7 Best People Search Platform to Strengthen KYC and Fraud Detection Processes
Leading solutions in best people search sites. How to effectively choose the optimal platform to improve your know your customer and fraud detection processes. First seen on securityboulevard.com Jump to article: securityboulevard.com/2025/08/7-best-people-search-platform-to-strengthen-kyc-and-fraud-detection-processes/
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Vorsicht vor digitalem Job-Betrug durch ‘Task Scams”
Ein aktueller Bericht des IT-Sicherheitsunternehmens Trend Micro zeigt, wie ein neuartiger Online-Betrug weltweit rasant an Bedeutung gewinnt. First seen on it-daily.net Jump to article: www.it-daily.net/it-sicherheit/cloud-security/digitaler-job-betrug-task-scams
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Vorsicht vor digitalem Job-Betrug durch ‘Task Scams”
Ein aktueller Bericht des IT-Sicherheitsunternehmens Trend Micro zeigt, wie ein neuartiger Online-Betrug weltweit rasant an Bedeutung gewinnt. First seen on it-daily.net Jump to article: www.it-daily.net/it-sicherheit/cloud-security/digitaler-job-betrug-task-scams
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AI Agent Transactions Will Trigger New Payment Disputes
US Faster Payments Council’s Peter Tapling on Automated Agentic AI Commerce. AI agents can trigger transactions customers never intended. With traditional payment rules failing to address bot-driven decisions, financial institutions must rethink how they assess fraud, dispute resolution and transaction monitoring in the age of agentic AI commerce. First seen on govinfosecurity.com Jump to article:…
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CTM360 Report Explains How Emotions Fuel Modern Fraud
CTM360 research reveals how scammers hook their victims through manipulative traps built on AI, stolen data, and brand… First seen on hackread.com Jump to article: hackread.com/ctm360-report-explains-how-emotions-fuel-modern-fraud/
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Cybersecurity Snapshot: Industrial Systems in Crosshairs of Russian Hackers, FBI Warns, as MITRE Updates List of Top Hardware Weaknesses
Tags: access, ai, attack, automation, cisa, cisco, cloud, conference, control, credentials, cve, cyber, cybersecurity, data, data-breach, deep-fake, detection, docker, espionage, exploit, flaw, framework, fraud, google, government, group, guide, hacker, hacking, Hardware, identity, infrastructure, intelligence, Internet, iot, LLM, microsoft, mitigation, mitre, mobile, network, nist, risk, russia, scam, service, side-channel, software, strategy, switch, technology, threat, tool, update, vulnerability, vulnerability-management, windowsCheck out the FBI’s alert on Russia-backed hackers infiltrating critical infrastructure networks via an old Cisco bug. Plus, MITRE dropped a revamped list of the most important critical security flaws. Meanwhile, NIST rolled out a battle plan against face-morphing deepfakes. And get the latest on the CIS Benchmarks and on vulnerability prioritization strategies! Here are…
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Interpol bags 1,209 suspects, $97M in cybercrime operation focused on Africa
Crypto mines, BEC scams, fake passports, and a $300M fraud empire allegedly brought down during Serengeti 2.0 First seen on theregister.com Jump to article: www.theregister.com/2025/08/22/interpol_serengeti_20/
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Over 1,200 arrested in Africa-wide cybercrime crackdown, Interpol says
Authorities across Africa have dismantled large-scale cybercrime and fraud networks, arresting over three months more than 1,200 people suspected of carrying out ransomware attacks, online scams, and business email compromise schemes, Interpol said. First seen on therecord.media Jump to article: therecord.media/africa-interpol-cybercrime-crackdown
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What is the cost of a data breach?
Tags: access, ai, api, attack, automation, breach, business, ciso, compliance, cyber, cyberattack, cybersecurity, data, data-breach, detection, finance, fraud, healthcare, ibm, identity, incident response, india, infrastructure, insurance, intelligence, jobs, law, metric, privacy, programming, ransom, ransomware, regulation, risk, security-incident, service, skills, software, supply-chain, technology, theft, threat, tool, vulnerabilityCanada ($4.84 million) and the UK ($4.14million) remain in the top 10 hardest hit, with ASEAN or Association of Southeast Asian Nations ($3.67 million), Australia ($2.55 million), and India ($2.51 million) among the top 15. Breaches by industry: Healthcare remains the industry hit with the highest costs per breach by far, at $7.42 million despite…