Tag: fraud
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The Cyber Express Weekly Roundup: AI Disruption, Regulatory Pressure, and the Evolving Cyber Threat Landscape
Artificial intelligence is no longer a future-facing concept; it is actively reshaping cyber risk, regulatory enforcement, and enterprise security strategy in real time. This week’s The Cyber Express weekly roundup reflects the modern environment where AI-driven fraud, deepfake investigations, ransomware incidents, and mobile malware innovations are unfolding simultaneously across multiple regions. First seen on thecyberexpress.com Jump to article: thecyberexpress.com/ai-deepfakes-ransomware-weekly-roundup/
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Ukrainian National Sentenced to 5 Years in North Korea IT Worker Fraud Case
A 29-year-old Ukrainian national has been sentenced to five years in prison in the U.S. for his role in facilitating North Korea’s fraudulent information technology (IT) worker scheme.In November 2025, Oleksandr “Alexander” Didenko pleaded guilty to wire fraud conspiracy and aggravated identity theft for stealing the identities of U.S. citizens and selling them to IT…
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PayPal launches latest struggle to get rid of SMS for MFA
Tags: authentication, ceo, ciso, communications, compliance, cybersecurity, email, finance, fraud, government, group, login, mfa, mobile, nfc, passkey, password, phishing, risk, service, strategy, switch, updateMuddled effort, mixed messages Flavio Villanustre, CISO for the LexisNexis Risk Solutions Group, says he’s “always found it odd” that PayPal still supports SMS as its primary secondary authentication factor.”Everyone in financial services and government has abandoned it for not being sufficiently secure and are moving to even phishing-resistant authentication, such as passkeys, Yubikeys,” he…
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The CISO view of fraud risk across the retail payment ecosystem
In this Help Net Security interview, Paul Suarez, VP and CISO at Casey’s, explains how his team manages patching and upgrades for fuel payment systems with long hardware … First seen on helpnetsecurity.com Jump to article: www.helpnetsecurity.com/2026/02/20/paul-suarez-caseys-convenience-store-payment-fraud/
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Treasury AI Plan Faces Calls for Enforceable Controls
Analysts Urge Mandatory Guardrails on AI Agents, Identity and Privilege. Security leaders are pressing Treasury to embed enforceable guardrails – covering adversarial testing, AI inventory, identity privilege mapping and real-time monitoring – into its forthcoming financial-sector AI guidance as deepfake fraud, data poisoning and autonomous agent risks escalate. First seen on govinfosecurity.com Jump to article:…
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Cryptohack Roundup: Paxful’s $4M Penalty
Also: Coinbase’s Agentic AI Wallets, $1M Fraud Indictment. This week, Paxful’s $4M AML penalty, Coinbase’s agentic AI wallets, a $1M fraud indictment, a 20-year $200M Ponzi sentence, laundering from the $200M Mixin hack, a Binance France home invasion attempt, insider betting charges in Israel and lost seized bitcoin in South Korea. First seen on govinfosecurity.com…
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Industrial-Scale Fake Coretax Apps Drive $2m Fraud in Indonesia
Fraud campaign exploiting Indonesia’s Coretax resulted in $1.5m to $2m in losses via malicious apps First seen on infosecurity-magazine.com Jump to article: www.infosecurity-magazine.com/news/fake-coretax-apps-fraud-indonesia/
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How AI Agents Are Transforming Identity Verification and Authentication Systems
Explore how AI agents enhance identity verification and authentication systems with smarter fraud detection and seamless user security. First seen on securityboulevard.com Jump to article: securityboulevard.com/2026/02/how-ai-agents-are-transforming-identity-verification-and-authentication-systems/
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Men sentenced to 8 years in $1.3 million computer intrusion and tax fraud scheme
Matthew A. Akande, a Nigerian national, was sentenced by a U.S. District Court to eight years in prison, followed by three years of supervised release, for his role in a … First seen on helpnetsecurity.com Jump to article: www.helpnetsecurity.com/2026/02/19/tax-refund-fraud-cybercrime-1-3-million/
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Men sentenced to 8 years in $1.3 million computer intrusion and tax fraud scheme
Matthew A. Akande, a Nigerian national, was sentenced by a U.S. District Court to eight years in prison, followed by three years of supervised release, for his role in a … First seen on helpnetsecurity.com Jump to article: www.helpnetsecurity.com/2026/02/19/tax-refund-fraud-cybercrime-1-3-million/
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Police arrests 651 suspects in African cybercrime crackdown
African authorities arrested 651 suspects and recovered over $4.3 million in a joint operation targeting investment fraud, mobile money scams, and fake loan applications. First seen on bleepingcomputer.com Jump to article: www.bleepingcomputer.com/news/security/police-arrests-651-suspects-in-african-cybercrime-crackdown/
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Police arrests 651 suspects in African cybercrime crackdown
African authorities arrested 651 suspects and recovered over $4.3 million in a joint operation targeting investment fraud, mobile money scams, and fake loan applications. First seen on bleepingcomputer.com Jump to article: www.bleepingcomputer.com/news/security/police-arrests-651-suspects-in-african-cybercrime-crackdown/
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Police arrests 651 suspects in African cybercrime crackdown
African authorities arrested 651 suspects and recovered over $4.3 million in a joint operation targeting investment fraud, mobile money scams, and fake loan applications. First seen on bleepingcomputer.com Jump to article: www.bleepingcomputer.com/news/security/police-arrests-651-suspects-in-african-cybercrime-crackdown/
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Critical Grandstream VoIP Bug Highlights SMB Security Blind Spot
CVE-2026-2329 allows unauthenticated root-level access to SMB phone infrastructure, so attackers can intercept calls, commit toll fraud, and impersonate users. First seen on darkreading.com Jump to article: www.darkreading.com/threat-intelligence/grandstream-bug-voip-security-blind-spot
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Deepfakes, Betrug und unsichere Inhalte – 2025 gab es 346 KI-Vorfälle, ChatGPT am häufigsten beteiligt
First seen on security-insider.de Jump to article: www.security-insider.de/steigende-vorfaelle-von-ki-missbrauch-2025-a-7188b0190068b40db2b49da6c7830a1f/
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Cryptocurrency Scams in Asia Combine Malvertising and Pig Butchering, Causing Losses Up to ¥10 Million
A rising wave of cryptocurrency scams sweeping across Asia is blending two major fraud techniques malvertising and pig butchering to create a more deceptive and scalable attack model. The scams begin with malvertising, where attackers run ads impersonating well”‘known financial experts or promoting AI”‘powered trading platforms. These ads often seen on Facebook, Instagram, and other social media sites direct users…
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Keenadu backdoor found preinstalled on Android devices, powers Ad fraud campaign
Kaspersky uncovered Keenadu, an Android backdoor used for ad fraud that can even take full control of devices. Kaspersky has identified a new Android malware called Keenadu. It can be preinstalled in device firmware, hidden inside system apps, or even distributed via official stores like Google Play. Currently used for ad fraud by turning infected…
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Banks Need Revocable AI Identities, Continuous Trust Models
Fraud Specialist David Barnhardt on Addressing Authentication Risks of Agentic AI. Financial institutions are racing to deploy AI agents that can initiate payments, approve transactions and freeze accounts. But traditional authentication frameworks assume there’s a human on the other end. As agentic AI use grows, banks are facing an authentication crisis that demands new controls.…
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Supply Chain Attack Embeds Malware in Android Devices
Keenadu downloads payloads that hijack browser searches, commit ad fraud, and execute other actions without user knowledge. First seen on darkreading.com Jump to article: www.darkreading.com/mobile-security/supply-chain-attack-embeds-malware-android-devices
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Supply Chain Attack Embeds Malware in Android Devices
Keenadu downloads payloads that hijack browser searches, commit ad fraud, and execute other actions without user knowledge. First seen on darkreading.com Jump to article: www.darkreading.com/mobile-security/supply-chain-attack-embeds-malware-android-devices
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With CISOs stretched thin, re-envisioning enterprise risk may be the only fix
Tags: access, ai, application-security, business, cio, ciso, cloud, compliance, control, cyber, cybersecurity, data, fraud, governance, grc, group, identity, infrastructure, jobs, monitoring, privacy, RedTeam, risk, soc, supply-chain, vulnerabilityStructural changes necessary: Flavio Villanustre, CISO for the LexisNexis Risk Solutions Group, says many organizations have already made the structural changes necessary to address the rising importance, and specialization, of cybersecurity and risk functions.”The breadth and depth of information security and cybersecurity have increased so significantly over the past two decades that it drove a…
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New Sophisticated ‘Carding-as-a-Service’ Marketplaces Fuel Surge in Credit Card Fraud
Credit card fraud has matured into a service-based criminal economy where stolen cards, malware, and support are bundled and sold like commercial products. Underground “dump shops” such as Findsome, UltimateShop, and Brian’s Club now operate as full-fledged carding-as-a-service (CaaS) marketplaces, mirroring legitimate e”‘commerce platforms in usability, scale, and customer focus. At the core of this ecosystem is…
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Betrug auf Kleinanzeigen: Diese Maschen kosten Verkäufer und Käufer bares Geld
Tags: fraudFirst seen on t3n.de Jump to article: t3n.de/news/kleinanzeigen-betrug-maschen-warnsignale-1724757/
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Phishing Evolves Into Multi-Platform Fraud Systems
Bolster AI finds phishing has evolved into scalable, multi-platform fraud that hides in search, ads, and SaaS workflows. First seen on esecurityplanet.com Jump to article: www.esecurityplanet.com/threats/phishing-evolves-into-multi-platform-fraud-systems/
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Safe and Inclusive E”‘Society: How Lithuania Is Bracing for AI”‘Driven Cyber Fraud
Presentation of the KTU Consortium Mission ‘A Safe and Inclusive Digital Society’ at the Innovation Agency event ‘Innovation Breakfast: How Mission-Oriented Science and Innovation Programmes Will Address Societal Challenges’.Technologies are evolving fast, reshaping economies, governance, and daily life. Yet, as innovation accelerates, so do digital risks. Technological change is no longer First seen on thehackernews.com…
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Crypto Payments to Human Traffickers Surges 85%
Chainalysis warns that online fraud is fuelling sophisticated human trafficking operations First seen on infosecurity-magazine.com Jump to article: www.infosecurity-magazine.com/news/crypto-payments-human-traffickers/
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Deepfake-Betrug wird 2026 zur Reputationsgefahr – So wappnen sich Unternehmen gegen KI-gestützte Cyberbedrohungen
First seen on security-insider.de Jump to article: www.security-insider.de/ki-cyberbedrohungen-2026-deepfakes-ransomware-a-7c5b4b6f271f2bd0ca7e029222cfe0ec/
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Identity Risk Scoring Only Works If Attribution Is Defensible
Identity risk scoring has become a critical input for fraud prevention, security operations, and trust decisions. Organizations increasingly rely on risk scores to decide when to step up authentication, block access, or flag activity for investigation. But despite widespread adoption, many identity risk programs struggle with the same problem: Risk scores are generated, but teams……