Tag: fraud
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Myanmar militia leader sanctioned by US over cyber scam connections
The U.S. government sanctioned the Karen National Army, a militia group, and Saw Chit Thu, its leader, for their purported connections to the cyber fraud industry in Myanmar. First seen on therecord.media Jump to article: therecord.media/myanmar-militia-leader-us-sanctions-cyber-scam-industry
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Social Media ein Ort, wo schöne Bilder, Selbstmarketing und Cyberkriminelle aufeinandertreffen
Social Media gehört für viele Menschen zum Alltag das Status-Update oder das Teilen von Fotos, Videos, Neuigkeiten oder Meinungen ist ein tägliches ToDo. Doch: Social-Media-Plattformen sind heute auch eine der Hauptstätten für Betrug und Cyberkriminalität. Betrüger nutzen die Plattformalgorithmen, künstliche Intelligenz und personalisierte Interaktionen. Das Resultat: Angriffe können schneller und effektiver als je zuvor… First…
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Why Many Fraud Victims Don’t Report Attacks
ITRC’s James Lee on Shame, Fatigue and Precision Targeting. Many fraud victims stay silent due to shame, fatigue or fear. James Lee, president of the Identity Theft Resource Center, explains why underreporting is rising and how better data sharing could help reduce the impact of identity-driven cyberattacks. First seen on govinfosecurity.com Jump to article: www.govinfosecurity.com/many-fraud-victims-dont-report-attacks-a-28228
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Recent DoJ settlements suggest Biden cyber-fraud initiative still active
The Justice Department under Trump has now settled two cases that bear the hallmarks of a Biden-era cyber enforcement initiative. First seen on cybersecuritydive.com Jump to article: www.cybersecuritydive.com/news/biden-cyber-fraud-initiative-still-active/747012/
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Cryptohack Roundup: KiloEX Offers Compensation
Also, Nike Sued Over Shutdown of NFT Subsidiary. This week, KiloEX compensation after Oracle exploit, Nike sued over NFT shutdown, SEC dropped probe into PayPal PYUSD, Long Island man sentenced for crypto fraud, Americans lost billions to crypto scams, Loopscale exploiter agreed to return stolen funds and bank regulators softened stance on crypto. First seen…
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Chris Krebs loses Global Entry membership amid Trump feud
Tags: fraudPresident’s campaign continues against man he claims covered up evidence of electoral fraud in 2020 First seen on theregister.com Jump to article: www.theregister.com/2025/05/01/chris_krebs_global_entry/
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Online fraud peaks as breaches rise
Data breaches played a key role in significant financial losses faced by consumers due to fraud. In this Help Net Security video, Steve Yin, Global Head of Fraud at … First seen on helpnetsecurity.com Jump to article: www.helpnetsecurity.com/2025/05/01/online-fraud-breaches-video/
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New Framework Targets Rising Financial Crime Threats
New Zealand Model Brings Cyber and Fraud Teams Together to Defend Against Scammers. To help financial institutions counter crime, the FS-ISAC earlier this month introduced a major initiative: the Cyberfraud Prevention Framework. This new initiative is designed to unify cybersecurity and fraud prevention teams to more effectively protect customers and secure the enterprise. First seen…
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How Postal Code Data Impacts Cybersecurity, Privacy and Fraud Prevention
Postal codes now play a key role in cybersecurity, fraud prevention, and digital identity verification, raising new concerns… First seen on hackread.com Jump to article: hackread.com/postal-code-data-impact-cybersecurity-fraud-prevention/
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FBI Reports ₹1.38 Lakh Crore Loss in 2024, a 33% Surge from 2023
The FBI’s Internet Crime Complaint Center (IC3) has reported a record-breaking loss of $16.6 billion (approximately ₹1.38 lakh crore) due to cyber-enabled crimes in 2024, marking a staggering 33% increase from the previous year. Established 25 years ago, IC3 has evolved into the primary hub for reporting cyber fraud and threats, processing over 9 million…
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Government Set to Ban SIM Farms in European First
The UK government says it will ban the possession or supply of SIM farms, in a fraud crackdown First seen on infosecurity-magazine.com Jump to article: www.infosecurity-magazine.com/news/government-ban-sim-farms-european/
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SECURITY AFFAIRS MALWARE NEWSLETTER ROUND 43
Tags: attack, backdoor, botnet, china, crypto, fraud, infrastructure, international, malware, nfc, rust, supply-chainSecurity Affairs Malware newsletter includes a collection of the best articles and research on malware in the international landscape Inside Gamaredon’s PteroLNK: Dead Drop Resolvers and evasive Infrastructure XRP supply chain attack: Official NPM package infected with crypto stealing backdoor SuperCard X: exposing a Chinese-speaker MaaS for NFC Relay fraud operation New Rust Botnet >>RustoBot
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Gig-Work Platforms at Risk for Data Breaches, Fraud, Account Takeovers
Fraudsters are targeting high-turnover workforces and compromising accounts that are associated with frequent payouts. First seen on darkreading.com Jump to article: www.darkreading.com/remote-workforce/gig-worker-platforms-data-breach-fraud
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Gig Worker Platforms at Risk for Data Breaches, Fraud, Account Takeovers
Fraudsters are targeting high-turnover workforces and compromising accounts that are associated with frequent payouts. First seen on darkreading.com Jump to article: www.darkreading.com/remote-workforce/gig-worker-platforms-data-breach-fraud
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6 types of risk every organization must manage, and 4 strategies for doing it
Tags: ai, attack, backup, best-practice, breach, business, compliance, control, cyber, cybersecurity, data, finance, framework, fraud, GDPR, governance, government, grc, hacker, healthcare, infrastructure, insurance, intelligence, law, mitigation, office, phishing, ransom, ransomware, regulation, risk, risk-assessment, risk-management, service, startup, strategy, technology, threat, training, vulnerabilityCybersecurity risks Threats such as data breaches, phishing attacks, system intrusions, and broader digital vulnerabilities fall under the umbrella of security risks. The definition of cybersecurity risk is constantly evolving, now encompassing threats related to artificial intelligence and AI-driven systems.If you’re trying to mitigate risks in this area, you need to think not just about…
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BEC scams, investment fraud accounted for biggest cybercrime losses in 2024
Americans lost $16.6 billion to cyber fraud last year, according to a new FBI report, with;phishing, spoofing and extortion topping the list of complaints. First seen on cybersecuritydive.com Jump to article: www.cybersecuritydive.com/news/fbi-internet-crime-bec-scams-investment-fraud-losses/746181/
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Adversarythe-Middle Attacks Persist Strategies to Lessen the Impact
Adversary-in-the-middle fraud (AiTM) represents a significant, ongoing challenge for businesses, with tactics like email hijacking, AI attacks and account takeovers becoming increasingly complex. First seen on securityboulevard.com Jump to article: securityboulevard.com/2025/04/adversary-in-the-middle-attacks-persist-strategies-to-lessen-the-impact/
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Attackers and Defenders Lean on AI in Identity Fraud Battle
Identity verification, insurance claims, and financial services are all seeing surges in AI-enabled fraud, but organizations are taking advantage of AI systems to fight fire with fire. First seen on darkreading.com Jump to article: www.darkreading.com/cyber-risk/fraudsters-increasingly-use-ai-companies-look-ai
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FBI: Scammers pose as FBI IC3 employees to ‘help’ recover lost funds
The FBI warns that scammers posing as FBI IC3 employees are offering to “help” fraud victims recover money lost to other scammers. First seen on bleepingcomputer.com Jump to article: www.bleepingcomputer.com/news/security/fbi-scammers-pose-as-fbi-ic3-employees-to-help-recover-lost-funds/
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Chinese Smishing Kit Powers Widespread Toll Fraud Campaign Targeting U.S. Users in 8 States
Cybersecurity researchers are warning of a “widespread and ongoing” SMS phishing campaign that’s been targeting toll road users in the United States for financial theft since mid-October 2024.”The toll road smishing attacks are being carried out by multiple financially motivated threat actors using the smishing kit developed by ‘Wang Duo Yu,’” Cisco Talos researchers Azim…
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Microsoft Prevents Billions of Dollars in Fraud and Scams
Microsoft has reported significant strides in thwarting financial fraud across its ecosystem. From April 2024 to April 2025, the tech giant managed to prevent approximately $4 billion in fraudulent transactions, a testament to its robust anti-fraud measures and AI-driven defenses. AI-Enhanced Cyber Threats and Microsoft’s Defense The evolution of AI has inadvertently lowered the entry…
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When AI moves beyond human oversight: The cybersecurity risks of self-sustaining systems
Tags: access, ai, attack, authentication, automation, breach, business, control, credentials, crowdstrike, cybersecurity, data, detection, email, exploit, firewall, fraud, government, identity, infection, login, malware, mfa, monitoring, network, phishing, risk, software, technology, threat, update, vulnerabilityautopoiesis, allows AI systems to adapt dynamically to their environments, making them more efficient but also far less predictable.For cybersecurity teams, this presents a fundamental challenge: how do you secure a system that continuously alters itself? Traditional security models assume that threats originate externally, bad actors exploiting vulnerabilities in otherwise stable systems. But with AI capable…
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Sift Expands Partner Program to Address Evolving AI-Driven Fraud
First seen on scworld.com Jump to article: www.scworld.com/news/sift-expands-partner-program-to-address-evolving-ai-driven-fraud
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Microsoft Thwarts $4bn in Fraud Attempts
Microsoft has blocked fraud worth $4bn as threat actors ramp up AI use First seen on infosecurity-magazine.com Jump to article: www.infosecurity-magazine.com/news/microsoft-thwarts-4bn-in-fraud/
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Google Removes 5.5 Billion Malicious Ads, Suspends 700,000+ Offending Advertisers
Google has announced the removal of 5.5 billion malicious advertisements and the suspension of over 700,000 offending advertiser accounts in 2024, according to its recently released Ads Safety Report. This accomplishment underscores Google’s ongoing commitment to fighting digital ad fraud, abuse, and policy violations, and demonstrates the growing power of AI in protecting both […]…
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British law firm fined after ransomware group publishes confidential client data
A U.K. law firm specializing in crime, family fraud, sexual offenses and other sensitive matters has been fined after a hack that led to a data leak on the dark web, something the company only learned about after authorities contacted it. First seen on therecord.media Jump to article: therecord.media/uk-law-firm-fined-ico-ransomware-sensitive-data-breached
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Online-Betrüger setzen auf KI und synthetische Identitäten
Tags: ai, cyber, cyberattack, cybercrime, fraud, germany, international, login, mail, phishing, risk, usaOft reichen wenige echte Datenfragmente etwa Name und Geburtsdatum um eine synthetische Identität zu erschaffen.Die weltweite Welle der Online-Kriminalität wird nach Einschätzung von Cyberexperten in den kommenden Jahren noch an Wucht und Dynamik gewinnen. Einer wachsenden Zahl von Tätern gelingt es demnach, ihre wahre Identität hinter erfundenen Persönlichkeiten zu verbergen.”Synthetische Identitäten sind international ein wachsender…