Tag: fraud
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Nigerian sentenced to 8 years for long-running tax business hacking and fraud scheme
Chukwuemeka Victor Amachukwu hacked tax preparation businesses, filed false tax returns and enticed victims to send him money for investment schemes. First seen on cyberscoop.com Jump to article: cyberscoop.com/nigerian-sentenced-hacking-fraud-tax-investment-scheme/
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Fraudsters Clone Bank Support Pages, Urge Victims to Call
Phone-Led Fraud Ring Pushes Legitimate Remote-Support Tools to Ransack Systems. A campaign running since March and tied to phone-savvy fraudsters has been tricking targets into phoning a fake call center and directing them to a lookalike version of their bank’s support site, designed to push installers for legitimate remote-access tools criminals use to ransack the…
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Nigerian national given 8-year sentence for tax business hacks
A Nigerian national who worked with a group to hack tax prep businesses and conduct millions of dollars in fraud using customer data was sentenced this week. First seen on therecord.media Jump to article: therecord.media/nigerian-given-8-year-sentenc-tax-hacks
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The Risk of AI-Powered Antidetect Browsers in Online Fraud and Influence Operations
ey Findings Introduction Antidetect browsers conceal their users’ digital identities, enabling a single operator or small team to simultaneously run thousands of isolated accounts across multiple platforms such as Facebook, Instagram, TikTok, YouTube, Twitter/X, Discord, LinkedIn, Reddit, and many more, without triggering the detection systems employed by those platforms. In this report, we highlight three…
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Scammers Turn Legitimate Fintech Platforms Into Phishing Tools to Steal Banking Details
Scammers have weaponized a legitimate spend-management platform to send phishing messages and validate stolen financial credentials, turning trusted payment infrastructure into an operational part of fraud instead of attacking it directly. Group-IB documented the activity within a client environment after the platform reported suspicious payment notifications in late April 2026. According to the supplied research,…
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Hackers Turn Low-Cost Android Phones Into Hidden Proxy Botnets Through Preinstalled Malware
Midnight Mimosa, a widespread Android malware campaign, is turning inexpensive smartphones into advertising fraud engines and potential residential proxy nodes by embedding malicious apps in device firmware before purchase. Bitdefender observed thousands of infected devices across more than 150 countries over approximately two years, exposing a persistent compromise that ordinary application removal cannot resolve. The…
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World leaders must wise up to threat of cyber-attacks or rogue fridges will be least of their worries | Heather Stewart
Global cooperation seems unlikely despite AI increasing the risk of digital fraud and the need to protect the financial systemRogue French fridges were an unlikely talking point for the world’s leading economists, central bankers and finance chiefs meeting in a sultry Bangkok last week helping to underline the spiralling cost of cyber-attacks.Kristalina Georgieva, the managing…
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Prove Claims Former Employees Fueled KYXStart Infringement
Delaware Complaint Targets Two Patents Covering Digital Identity Authentication. Prove has sued digital identity rival KYXStart, alleging that former senior employees helped develop competing identity verification, fraud intelligence and authentication products that infringe two Prove patents, while violating contractual restrictions and undermining its competitive position. First seen on govinfosecurity.com Jump to article: www.govinfosecurity.com/prove-claims-former-employees-fueled-kyxstart-infringement-a-33135
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Betrugsbekämpfung 2026: Warum Wissen allein nicht mehr ausreicht
Fraud Prevention 2026: Warum fehlende Budgets, interne Hürden und KI-Agenten die Betrugsbekämpfung erschweren. Erkenntnisse vom Online Fraud Forum. First seen on infopoint-security.de Jump to article: www.infopoint-security.de/betrugsbekaempfung-2026-warum-wissen-allein-nicht-mehr-ausreicht/a46785/
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Google Android Flags 5 Million Suspected Scam Calls and Texts Monthly
Google says its Android scam-detection capabilities now flag more than 5 million suspected scam calls and text messages each month, as mobile fraud operators increasingly use caller-ID spoofing, fake banking alerts, conversational phishing, and AI-enabled voice impersonation techniques. The company cited a YouGov survey of 4,500 smartphone users across the United States, Canada, and Australia,…
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Google Android Flags 5 Million Suspected Scam Calls and Texts Monthly
Google says its Android scam-detection capabilities now flag more than 5 million suspected scam calls and text messages each month, as mobile fraud operators increasingly use caller-ID spoofing, fake banking alerts, conversational phishing, and AI-enabled voice impersonation techniques. The company cited a YouGov survey of 4,500 smartphone users across the United States, Canada, and Australia,…
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Google Android Flags 5 Million Suspected Scam Calls and Texts Monthly
Google says its Android scam-detection capabilities now flag more than 5 million suspected scam calls and text messages each month, as mobile fraud operators increasingly use caller-ID spoofing, fake banking alerts, conversational phishing, and AI-enabled voice impersonation techniques. The company cited a YouGov survey of 4,500 smartphone users across the United States, Canada, and Australia,…
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Microsoft Disrupts CoGUI Phishing Kit Linked to Over 100 Million Malicious Emails a Month
Tags: china, credentials, cyber, email, finance, fraud, infrastructure, international, malicious, microsoft, phishing, service, theftMicrosoft and international partners have disrupted infrastructure supporting CoGUI. This phishing kit Proofpoint says generates more than 100 million malicious emails monthly. The coordinated action targeted a Chinese-speaking fraud ecosystem encompassing related phishing kits, infrastructure providers, and services enabling credential theft and financial fraud. Microsoft and Health-ISAC filed a civil lawsuit in the U.S. District…
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F-Secure Launches Victim-First Scam Encyclopedia Covering 50+ Types of Consumer Fraud
Built from decades of threat intelligence research, the new resource explains scams from the victims’ perspective and tracks emerging forms of cyber crime. First seen on darkreading.com Jump to article: www.darkreading.com/threat-intelligence/f-secure-launches-victim-first-scam-encyclopedia-covering-50-types-of-consumer-fraud
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Brooklyn DA’s office disrupts crypto scam targeting Russian community
Russian-speaking Brooklyn residents began tipping off local authorities to a cryptocurrency fraud scheme three years ago, leading to an operation to take down the associated servers and domains. First seen on therecord.media Jump to article: therecord.media/brooklyn-da-server-takedowns-crypto-scam-russian-speakers
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Brooklyn DA’s office disrupts crypto scam targeting Russian community
Russian-speaking Brooklyn residents began tipping off local authorities to a cryptocurrency fraud scheme three years ago, leading to an operation to take down the associated servers and domains. First seen on therecord.media Jump to article: therecord.media/brooklyn-da-server-takedowns-crypto-scam-russian-speakers
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Brooklyn DA’s office disrupts crypto scam targeting Russian community
Russian-speaking Brooklyn residents began tipping off local authorities to a cryptocurrency fraud scheme three years ago, leading to an operation to take down the associated servers and domains. First seen on therecord.media Jump to article: therecord.media/brooklyn-da-server-takedowns-crypto-scam-russian-speakers
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Apate sends AI agents undercover to get scammed so they can gather fraud intelligence
Most companies use AI agents to ship products faster or speed up workflows. Apate.ai sends them undercover to get scammed. First seen on techcrunch.com Jump to article: techcrunch.com/2026/10/14/apate-sends-ai-agents-undercover-to-get-scammed-so-they-can-gather-fraud-intelligence/
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U.S. Shuts Down Over 40 Laptop Farms, Charges 14 in North Korean IT Worker Fraud
The U.S. Department of Justice (DoJ) on Tuesday charged 14 people and seized about 187 computers as part of its ongoing efforts to disrupt North Korea’s fraudulent remote IT worker (ITW) scheme.The indictment charges a mix of U.S. citizens and Chinese nationals for their roles in an IT worker conspiracy affecting more than 70 U.S.…
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How to Run a Deepfake Readiness Drill Before a Cloned Voice Calls Your Team
Cloned voices and synthetic video calls now show up in payment fraud, help desk resets, and access requests. A structured drill shows security teams exactly where verification breaks down, while nothing is at stake.The call comes in at 4:40 on a Friday. It’s the CFO, or it sounds exactly like her, asking the controller to…
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Meta Removes 3.7 Million Scam Accounts as 28 Arrested in Global Crackdown
Meta removed more than 3.7 million Facebook and Instagram accounts, Pages, and Groups during an international crackdown on West African scam networks that resulted in 28 arrests and the rescue of 117 trafficking victims. Announced October 13, the operation combined platform enforcement, financial tracing, and physical raids against fraud infrastructure targeting victims worldwide. Meta and…
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Bank of England and IMF bosses warn of cyber threat to trust in financial system
Kristalina Georgieva says online fraud could lead people to opt out of system and turn to ‘shoeboxes under their bed'<ul><li><a href=”https://www.theguardian.com/business/live/2026/oct/14/imf-rising-government-borrowing-costs-inflation-oil-stock-markets-latest-news-updates”>Business live latest updates</li></ul>The heads of the Bank of England and the International Monetary Fund have issued a stark warning that rising cyber-attacks risk undermining trust in the financial system.Speaking on a panel about online…
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Businesses need more integrated risk management to counter cyberattacks, AI-powered fraud
Risks are growing at a time when companies rely more than ever on vendors for cybersecurity, according to a new report. First seen on cybersecuritydive.com Jump to article: www.cybersecuritydive.com/news/cybersecurity-risk-management-ai-governance-grant-thornton/832850/
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Low-Cost Android Phones Ship With Preinstalled Malware That Turns Them Into Residential Proxies
Low-cost Android smartphones have been shipped with malicious software baked into the device firmware, allowing bad actors to covertly install apps, conduct ad fraud, and turn devices into residential proxies.The activity, which targets Android devices built on MediaTek platforms across several brands, is being tracked by Bitdefender under the moniker Midnight Mimosa.The preinstalled First seen…
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When Banks’ AI Agents Meet Customers’ AI Agents
Agentic Banking Creates Two-Sided Trust Problem Banks are deploying AI agents internally as customers send their own agents to shop, pay and negotiate. With rules on authentication, fraud, liability and reversibility lagging, institutions must decide what agents can do, how to verify their authority and who pays when they get it wrong. First seen on…
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Android Firmware Malware Uses Ad Fraud and Proxy Botnets to Generate Revenue
Midnight Mimosa, an Android malware campaign embedded in firmware that monetizes compromised smartphones through advertising fraud and residential proxy services. Disclosed on October 8, the operation affected thousands of devices across more than 150 countries over roughly two years, predominantly inexpensive phones built on MediaTek platforms. Unlike malware requiring a malicious download, Midnight Mimosa arrives…
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Geopolitics and the cyber resilience gap belong in your threat model
In this Help Net Security interview, Akshay Joshi, Head of the Centre for Cybersecurity at the World Economic Forum, talks about how AI, geopolitics and industrialized fraud … First seen on helpnetsecurity.com Jump to article: www.helpnetsecurity.com/2026/10/12/akshay-joshi-wef-cyber-resilience-gap/
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Low-cost Android phones ship with residential proxy malware
A malware campaign dubbed ‘Midnight Mimosa’ has been discovered on low-cost Android smartphones that ship with malicious software embedded in their firmware, allowing attackers to silently install apps, perform ad fraud, and turn devices into residential proxies. First seen on bleepingcomputer.com Jump to article: www.bleepingcomputer.com/news/security/low-cost-android-phones-ship-with-residential-proxy-malware/
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Ransomware Response Firm CEO Accused of Data Recovery Fraud
MonsterCloud CEO Disguised Ransom Payments as Proprietary Tool, Say Prosecutors. A ransomware service that offered clients an extortion-free shortcut to unlocking their files was too good to be true, say U.S. federal prosecutors who say the secret behind Florida-based MonsterCloud was actually succumbing to hacker demands and paying a ransom to attackers, at victims’ expense.…
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DOJ charges ransomware recovery CEO for secretly paying hackers
The owner of a ransomware recovery firm was hit with wire fraud charges for allegedly making secret ransom payments while overcharging the victims of attacks. First seen on therecord.media Jump to article: therecord.media/ransomware-recovery-charges-doj