Tag: fraud
-
Threat Intelligence’s Top Players Tackle Evolving Cyber Risk
Acquisitions, AI and Emerging Threats Define Strategy for Recorded Future, Google. From Google’s $5.4 billion acquisition of Mandiant to Recorded Future’s fraud insights following Mastercard’s $2.65 billion purchase, threat intelligence vendors are innovating with AI and are focused on operationalizing their data through automation and managed services. First seen on govinfosecurity.com Jump to article: www.govinfosecurity.com/threat-intelligences-top-players-tackle-evolving-cyber-risk-a-27327
-
Considerations for Selecting the Best API Authentication Option
Implementing API authentication is one of the most critical stages of API design and development. Properly implemented authentication protects data, user privacy, and other resources while streamlining compliance, preventing fraud, and establishing accountability. In fact, broken authentication is one of the leading causes of API-related breaches. Ultimately, by applying robust authentication mechanisms, organizations can dramatically…
-
Scammers Exploit Truth Social to Launch Phishing and Fraud Campaigns
Truth Social, the social media platform launched by Trump Media & Technology Group in 2022, has become a First seen on securityonline.info Jump to article: securityonline.info/scammers-exploit-truth-social-to-launch-phishing-and-fraud-campaigns/
-
North Korean IT Worker Fraud Linked to 2016 Crowdfunding Scam and Fake Domains
Cybersecurity researchers have identified infrastructure links between the North Korean threat actors behind the fraudulent IT worker schemes and a 2016 crowdfunding scam.The new evidence suggests that Pyongyang-based threamoret groups may have pulled off illicit money-making scams that predate the use of IT workers, SecureWorks Counter Threat Unit (CTU) said in a report shared with…
-
Case Studies on Fraud and AML Collaboration
Mission Omega’s Ian Mitchell on What Works and What Doesn’t in Program Integration. Fraud management and anti-money laundering represent two distinct disciplines in financial crime prevention. While AML primarily is a compliance-driven function, fraud is a risk management function driven by the organization’s risk appetite for fraud, said Ian Mitchell, co-founder of Mission Omega. First…
-
Microsoft sues overseas threat actor group over abuse of OpenAI service
Microsoft has filed suit against 10 unnamed people (“Does”), who are apparently operating overseas, for misuse of its Azure OpenAI platform, asking the Eastern District of Virginia federal court for damages and injunctive relief.The suit was filed in late December but was not made public until last Friday, when the initial sealed filings were revealed.…
-
Hotel chain ditches Google search for DuckDuckGo, ‘subjected to fraud attempts daily’
Tags: apple, attack, authentication, browser, chrome, cloud, control, cybercrime, cybersecurity, data-breach, fraud, google, jobs, malware, mfa, monitoring, phishing, privacy, ransomware, risk, scam, service, tool, windowsAt the end of 2021, Nordic Choice Hotels, now renamed Strawberry, was hit by a major ransomware attack that paralyzed operations for just over a week. Everything had to be done manually, says Martin Belak, who is responsible for the hotel chain’s technical security.”The receptionists worked with whiteboards to keep track of which rooms were…
-
FRAML Reality Check: Is Full Integration Really Practical?
Experts Weigh the Pros and Cons of Work Culture and Merging AML and Fraud Teams. A recent report found that more than 57,000 Americans fall victim to scams every day. Financial fraud is rising globally. In response, the National Automated Clearinghouse Association is pushing for real-time fraud monitoring by 2026, requiring closer collaboration between fraud…
-
Chainalysis Expands Fraud Detection With Alterya Acquisition
Alterya’s AI-Powered Data Will Combat Scams Across Traditional Financial Ecosystems. Alterya’s AI agents now power Chainalysis’ fraud prevention, integrating off-chain data sources like Venmo and Zelle with blockchain analytics. This acquisition marks a significant step in detecting and stopping scams earlier in the fraud cycle, said CEO Jonathan Levin. First seen on govinfosecurity.com Jump to…
-
Pastor who saw crypto project in his “dream” indicted for fraud
A pastor at a Pasco, Washington, church has been indicted on 26 counts of fraud for allegedly operating a cryptocurrency scam that defrauded investors of millions between 2021 and 2023. First seen on bleepingcomputer.com Jump to article: www.bleepingcomputer.com/news/legal/pastor-who-saw-crypto-project-in-his-dream-indicted-for-fraud/
-
Betrug mit Paket-SMS: Tausende Beschwerden über Abzocke
Tags: fraudAngeblich hängt ein Paket im Zoll fest, bis ausstehende Zollgebühren bezahlt werden. Mit dieser Masche versuchen Betrüger an persönliche Daten zu gelangen. First seen on golem.de Jump to article: www.golem.de/news/betrug-mit-paket-sms-tausende-beschwerden-ueber-abzocke-2501-192345.html
-
US bank FNBO uses Pindrop to tackle voice fraud, deepfakes
Learn how First National Bank of Omaha in the US is enhancing customer authentication and verification in its contact centres, eliminating friction points and making life easier for its customer service teams, with Pindrop voice security technology First seen on computerweekly.com Jump to article: www.computerweekly.com/news/366617954/US-bank-FNBO-uses-Pindrop-to-tackle-voice-fraud-deepfakes
-
Meta’s Fact-Checking Pullback Could Help Scammers Thrive
Facebook Unveils Community Notes Program But Has Done Little to Curb Fraud Meta has decided to end its fact-checking program. Meta CEO Mark Zuckerberg announced significant changes to the company’s moderation policies and practices on Tuesday, attributing the shift to a renewed commitment to free speech. Some fear the move will embolden financial scammers. First…
-
Meta’s Fact-Checking Pull Back Could Help Scammers Thrive
Facebook Unveils Community Notes Program But Has Done Little to Curb Fraud Meta has decided to end its fact-checking program. Meta CEO Mark Zuckerberg announced significant changes to the company’s moderation policies and practices on Tuesday, attributing the shift to a renewed commitment to free speech. Some fear the move will embolden financial scammers. First…
-
Meta’s Fact-Checking Pull Back to Could Help Scammers Thrive
Facebook Unveils Community Notes Program But Has Done Little to Curb Fraud Meta has decided to end its fact-checking program. Meta CEO Mark Zuckerberg announced significant changes to the company’s moderation policies and practices on Tuesday, attributing the shift to a renewed commitment to free speech. Some fear the move will embolden financial scammers. First…
-
Fake Government Officials Use Remote Access Tools for Card Fraud
Group-IB has observed scammers impersonating government officials to trick disaffected consumers into divulging card details First seen on infosecurity-magazine.com Jump to article: www.infosecurity-magazine.com/news/fake-government-officials-rats/
-
Washington State Filed Lawsuit Against T-Mobile Massive Data Breach
Washington State Attorney General Bob Ferguson filed a consumer protection lawsuit against T-Mobile for its alleged failure to secure sensitive personal information of over 2 million residents. This lawsuit comes in the wake of a massive data breach that exposed the personal details of Washingtonians, putting them at heightened risk of fraud and identity theft.…
-
WordPress phishing plugin drives online shopping fraud
First seen on scworld.com Jump to article: www.scworld.com/news/wordpress-phishing-plugin-drives-online-shopping-fraud
-
Vorwerk-Thermomix TM6-Angebot für 1,95 Euro entpuppt sich als Betrug
Tags: fraudMit Verweis auf eine Hintertür bei Vorwerk preist eine vermeintlich ehemalige Mitarbeiterin ein Thermomix TM6-Angebot für nur 1,95 Euro an. First seen on tarnkappe.info Jump to article: tarnkappe.info/artikel/it-sicherheit/online-betrug/vorwerk-thermomix-tm6-angebot-fuer-195-e-entpuppt-sich-als-betrug-307223.html
-
Check Point warnt vor Account-Betrug auf Instagram
Check Point Software Technologies hat Hochstapelei auf Instagram beobachtet. Dort erstellen Betrüger Konten, die vortäuschen, eine bestimmte Person oder Organisation zu sein, oder damit in Verbindung zu stehen. Es handelt sich also unter anderem vor allem um typische Fake-Profile. Da solche Instagram-Imitate für Unternehmen ernsthafte finanzielle Konsequenzen und Reputationsschäden zur Folge haben kann, wenn Betrüger gefälschte…
-
Why Traditional Fraud Scores Are No Longer Enough for Modern Threats
Discover why traditional fraud scores fall short in today’s threat landscape and learn how advanced solutions like DataDome deliver superior fraud prevention. First seen on securityboulevard.com Jump to article: securityboulevard.com/2025/01/why-traditional-fraud-scores-are-no-longer-enough-for-modern-threats/
-
Not guilty plea entered by Terraform Labs co-founder over alleged crypto fraud
First seen on scworld.com Jump to article: www.scworld.com/brief/not-guilty-plea-entered-by-terraform-labs-co-founder-over-alleged-crypto-fraud
-
US CFPB Needs to Look Beyond Zelle to Curb Scams
Ken Palla on Lessons From U.K and Australia to Reduce Fraud and Scams. The U.S. Consumer Financial Protection Bureau’s decision to file a lawsuit against Zelle is too late and too narrow to reduce scams, said Ken Palla, retired director with MUFG Bank. CFPB last month sued the operator of Zelle, as well as three…
-
Crypto Boss Extradited to Face $40bn Fraud Charges
Former Terraform CEO Do Hyeong Kwon is now in the US facing federal fraud charges First seen on infosecurity-magazine.com Jump to article: www.infosecurity-magazine.com/news/crypto-boss-extradited-40bn-fraud/
-
Ex-Terraform CEO Extradited to US Over Crypto Fraud Charges
Do Hyeong Kwon Extradited to US For Allegedly Defrauding Investors Out of Billions. Authorities say Do Hyeong Kwon, former CEO of Terraform Labs, appeared in a Manhattan federal courtroom Thursday after facing extradition from Montenegro over allegations he defrauded investors out of billions of dollars while misrepresenting his company’s cryptocurrency and other products. First seen…
-
DataDome Releases Google Cloud Platform Server-Side Integration
Our new Google Cloud server-side integration is the latest in a range of 50+ integrations that ensure DataDome stops bad bots & fraud on any infrastructure. First seen on securityboulevard.com Jump to article: securityboulevard.com/2025/01/datadome-releases-google-cloud-platform-server-side-integration/
-
Overwhelmed by fraud? Here’s how financial pros fight back
In this Help Net Security interview, Patrick Harding, Chief Architect at Ping Identity, discusses the growing threat of deepfake-related fraud and its impact on financial … First seen on helpnetsecurity.com Jump to article: www.helpnetsecurity.com/2024/12/27/patrick-harding-ping-identity-financial-fraud-future/
-
Two Californians charged in the largest NFT fraud case to date
Tags: fraudSUMMARY Two California men have been arrested and charged in what is being called the largest NFT fraud… First seen on hackread.com Jump to article: hackread.com/californians-charged-largest-nft-fraud-case-date/