Tag: fraud
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One-Time Passcodes Are Gateway for Financial Fraud Attacks
Report Reveals Growing Trend of Fraudsters Intercepting SMS-Based Verification. Financial institutions have historically relied on one-time passcodes as a primary authentication control for their accountholders. But OTP verification is less reliable as fraudsters increasingly exploit SMS-based verification weaknesses to carry out account takeover and payment fraud schemes. First seen on govinfosecurity.com Jump to article: www.govinfosecurity.com/one-time-passcodes-are-gateway-for-financial-fraud-attacks-a-31341
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Breach Roundup: Feds Confirm ‘Major’ Hack of FBI System
Also, Lloyds Data Leak, Dutch Treasury Breach, Citrix Bug Exploit, Pay2Key Activity. This week, Lloyds data leak hits 450K, Dutch treasury breach, Citrix flaw exploited, Iran-linked ransomware ops, TrueConf zero-day, Russian fraud ring sentenced, Romania targeted, patch gaps persist, and U.S. hospital breach affects 257K. First seen on govinfosecurity.com Jump to article: www.govinfosecurity.com/breach-roundup-feds-confirm-major-hack-fbi-system-a-31329
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The democratisation of business email compromise fraud
This week, Martin tells the story of a crime he encountered and how it shows that the threat landscape is changing. First seen on blog.talosintelligence.com Jump to article: blog.talosintelligence.com/the-democratisation-of-business-email-compromise-fraud/
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Adversaries Exploit Vacant Homes to Intercept Mail in Hybrid Cybercrime
Threat actors are exploiting vacant homes as “drop addresses” to intercept mail and enable fraud. Flare shows how postal services and fake identities are abused to turn mail into a fraud vector. First seen on bleepingcomputer.com Jump to article: www.bleepingcomputer.com/news/security/adversaries-exploit-vacant-homes-to-intercept-mail-in-hybrid-cybercrime/
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Researchers Uncover Mining Operation Using ISO Lures to Spread RATs and Crypto Miners
A financially motivated operation codenamed REF1695 has been observed leveraging fake installers to deploy remote access trojans (RATs) and cryptocurrency miners since November 2023.”Beyond cryptomining, the threat actor monetizes infections through CPA (Cost Per Action) fraud, directing victims to content locker pages under the guise of software registration,” Elastic First seen on thehackernews.com Jump to…
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Your Next Employee Might Not Exist: LexisNexis Report Exposes the Synthetic Identity Explosion
The cybercrime landscape has always rewarded speed, smash-and-grab credential theft, rapid account takeovers, opportunistic phishing. But the LexisNexis Risk Solutions 2026 Cybercrime Report, derived from analysis of more than 116 billion online transactions, signals a fundamental strategic shift. Fraud is no longer just fast. Increasingly, it is deliberate, methodical, and terrifyingly patient. The report.. First…
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Norma Rae, Union Activity and Computer Hacking Skywest Sues Pilots for Using its Directory of Employees to Unionize
Does using company portal credentials for union organizing constitute “hacking”? Explore how SkyWest v. Moussaron tests the Computer Fraud and Abuse Act (CFAA) and the Supreme Court’s Van Buren ruling. First seen on securityboulevard.com Jump to article: securityboulevard.com/2026/04/norma-rae-union-activity-and-computer-hacking-skywest-sues-pilots-for-using-its-directory-of-employees-to-unionize/
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Insider Threats Rise with North Korean AI Hiring Fraud Schemes
AI hiring fraud lets attackers bypass screening and gain insider access. First seen on esecurityplanet.com Jump to article: www.esecurityplanet.com/threats/insider-threats-rise-with-north-korean-ai-hiring-fraud-schemes/
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RSAC 2026: Fraud Becomes a CISO-Level Security Threat
I sat down with the CEO of Bolster AI at RSAC 2026 to talk about the changing fraud landscape. First seen on esecurityplanet.com Jump to article: www.esecurityplanet.com/threats/rsac-2026-fraud-becomes-a-ciso-level-security-threat/
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Russian court sentences notorious card fraud ringleader ‘Flint’ and 25 associates
A Russian military court sentenced 26 members of the cybercrime group Flint24, including ringleader Alexei Stroganov, a notorious hacker also wanted in the U.S. for large-scale payment card fraud. First seen on therecord.media Jump to article: therecord.media/russia-flint-conviction-payment-fraud
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North Korean IT Worker Used Stolen Identity, AI-Generated Resume in Job Scam
Tags: ai, breach, cyber, data-breach, fraud, identity, intelligence, jobs, north-korea, scam, threatA recent investigation as exposed how a suspected North Korean IT worker allegedly used a stolen identity, AI-generated resume content, and scripted interview answers to try to secure a senior remote role at U.S.-based threat intelligence firm Nisos. The case highlights how DPRK IT employment schemes are evolving by combining traditional fraud with modern AI…
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Charity Fraud: How to Avoid Falling for Fake Donation Campaigns
Charity is built on trust, but scammers often misuse this goodwill to run fake donation campaigns. These schemes are designed to exploit emotions, especially during crises, natural disasters, or urgent causes. Understanding how charity fraud works and checking donation requests carefully can help protect your money and ensure it reaches genuine causes. In this blog,……
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Theoretische Führerscheinprüfung: Betrug gefährdet Verkehrssicherheit
Tags: fraudFirst seen on datensicherheit.de Jump to article: www.datensicherheit.de/theorie-fuehrerscheinpruefung-betrug-gefaehrdung-verkehrssicherheit
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Stop Scams steps up to online fraud challenge
After years of putting the building blocks in place, Stop Scams is ready and able to react quickly to fight emerging fraud threats First seen on computerweekly.com Jump to article: www.computerweekly.com/news/366640819/Stop-Scams-steps-up-to-online-fraud-challenge
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UK government lacks ambition to fight tax fraud, says PAC
The Public Accounts Committee says the UK government has dropped the ball on the use of data analytics to tackle tax fraud and error, as the public purse haemorrhages billions of pounds First seen on computerweekly.com Jump to article: www.computerweekly.com/news/366640841/UK-government-lacks-ambition-to-fight-tax-fraud-says-PAC
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Alleged RedLine malware developer extradited to US, faces up to 30 years
Hambardzum Minasyan appeared in an Austin federal court on Tuesday and was indicted on charges of conspiracy to commit access device fraud, conspiracy to violate the Computer Fraud and Abuse Act and conspiracy to commit money laundering. First seen on therecord.media Jump to article: therecord.media/redline-malware-developer-extradited-to-us-faces-30-years
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Inside a Modern Fraud Attack: From Bot Signups to Account Takeovers
Multi-stage fraud attacks chain bots, proxies, and stolen credentials from signup to takeover. IPQS shows why correlating IP, device, identity, and behavior is critical to stop it. First seen on bleepingcomputer.com Jump to article: www.bleepingcomputer.com/news/security/inside-a-modern-fraud-attack-from-bot-signups-to-account-takeovers/
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UK sanctions Chinese crypto marketplace tied to scam compounds
The British government sanctioned Xinbi, a Chinese-language cryptocurrency marketplace accused of enabling large-scale online fraud and human exploitation, in a move targeting the financial infrastructure behind global scam networks. First seen on therecord.media Jump to article: therecord.media/xinbi-crypto-marketplace-sanctioned
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Invoice Fraud Costs UK Construction Sector Millions, NCA Warns
The National Crime Agency has warned construction firms about surging invoice fraud First seen on infosecurity-magazine.com Jump to article: www.infosecurity-magazine.com/news/invoice-fraud-uk-construction/
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Preventing Account Takeovers: A Practical Guide to Detection and Response
Yesterday’s password leak can become tomorrow’s identity crisis. According to research firm Gitnux, account-takeover attacks jumped 354 percent in 2023, driven by bots that replay stolen credentials and infostealer malware that sidesteps multi-factor prompts. The fallout, billions in fraud losses, shaken customer trust, and security teams scrambling, demands a clear plan. In this article, we:…
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Agentic bots and synthetic identities fuel surge in fraud
LexisNexis Risk Solutions warns of a massive 450% rise in agentic traffic and an eight-fold increase in synthetic identity fraud as cyber criminals scale automation to bypass security controls First seen on computerweekly.com Jump to article: www.computerweekly.com/news/366640815/Agentic-bots-and-synthetic-identities-fuel-surge-in-fraud
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Scammers have virtual smartphones on speed dial for fraud
They cleverly mimic most traits of a real phone First seen on theregister.com Jump to article: www.theregister.com/2026/03/25/virtual_smartphones_fraud/
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Cloud Phones Linked to Rising Financial Fraud Threat
Cloud Android phones fuel financial fraud, evading detection and enabling dropper accounts First seen on infosecurity-magazine.com Jump to article: www.infosecurity-magazine.com/news/cloud-phones-financial-fraud/
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Operation Henhouse Nets Over 500 Arrests in UK Fraud Crackdown
Tags: fraudUK police trumpet success of Operation Henhouse as they seize and freeze over £27m in suspected fraud proceeds First seen on infosecurity-magazine.com Jump to article: www.infosecurity-magazine.com/news/police-fraud-crackdown-leads-to/
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Introducing Castle’s Research Team
How we think about research at Castle Bot detection and fraud prevention are adversarial by default. It is a cat-and-mouse game: attackers iterate, defenders respond, and the cycle keeps moving. AI has accelerated this dynamic on both sides. Attackers use it to quickly develop new bots, scale manual fraud operations, First seen on securityboulevard.com Jump…
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Founder of CoinDCX Arrested Amid Serious Fraud and Cheating Charges
The Indian cryptocurrency sector is currently facing a significant legal and cybersecurity controversy following the recent arrest of prominent CoinDCX executives. Local law enforcement from Mumbra police in Thane apprehended co-founders Sumit Gupta and Neeraj Khandelwal in Bengaluru. Both executives were produced before a court and remanded into police custody, facing charges of criminal breach…
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AI Redefines Trust in Global Payments
Visa CISO Subra Kumaraswamy on Securing Agents, Fighting Fraud, Protecting Commerce. AI is transforming trust in global payments as attackers scale faster and agents automate decisions. CISO Subra Kumaraswamy explains how Visa uses AI to combat fraud, secure transactions and build trust across consumers, merchants and a rapidly evolving digital ecosystem. First seen on govinfosecurity.com…
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US sentences Nigerian national to 7 years in $6 million email fraud scheme
James Junior Aliyu, 31, received a 90-month prison sentence for conspiracy to commit wire fraud and money laundering, U.S. Immigration and Customs Enforcement said Saturday. First seen on therecord.media Jump to article: therecord.media/us-sentences-nigerian-national-to-7-years-fraud
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Operation Alice Takes Down 370,000+ Dark Web Sites
German-led policing effort against fraud operation disrupts countless CSAM and cybercrime sites First seen on infosecurity-magazine.com Jump to article: www.infosecurity-magazine.com/news/operation-alice-370000-dark-web/
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White House AI Policy Blueprint Leaves Key Risks Unresolved
Federal Proposal Pushes AI Adoption While Avoiding Regulatory Detail. The White House AI framework urges rapid deployment and federal alignment to counter China while proposing guardrails on fraud, safety and speech – but leaves unresolved conflicts on IP, content regulation and state preemption that Congress must navigate. First seen on govinfosecurity.com Jump to article: www.govinfosecurity.com/white-house-ai-policy-blueprint-leaves-key-risks-unresolved-a-31102