fraud

Two Estonians plead guilty in $577M cryptocurrency Ponzi scheme

Cryptocurrency, cybercriminals, Don't miss, fraud, Hot stuff, News, scams, US DoJ /

Two Estonians plead guilty in $577M cryptocurrency Ponzi scheme 2025-02-17 at 13:48 By Zeljka Zorz Two Estonian nationals may spend the next 20 years in prison for stealing hundreds of millions of dollars through a massive cryptocurrency Ponzi scheme, the US Department of Justice announced last week. The fraudulent operation “According to court documents, Sergei […]

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Pig butchering scams are exploding

Chainalysis, Crypto, cybercrime, fraud, News, report, scams, survey /

Pig butchering scams are exploding 2025-02-14 at 07:03 By Help Net Security 2024 is set to be a record year for scammers who received at least US$9.9 billion in crypto revenues from their illicit activities, according to Chainalysis. This figure is projected to rise to an all-time high of $12.4 billion as ongoing analysis uncovers

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Self-sovereign identity could transform fraud prevention, but…

AuthenticID, cybersecurity, Don't miss, Expert analysis, Expert corner, fraud, Hot stuff, identity, identity verification, opinion, Privacy /

Self-sovereign identity could transform fraud prevention, but… 2025-02-07 at 10:03 By Help Net Security The way we manage digital identity is fundamentally broken. The root of the problem lies in traditional, centralized identity models, where a single organization holds and controls a user’s credentials, creating an attractive target for attackers. The bigger the database, the

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Overconfident execs are making their companies vulnerable to fraud

cybercrime, fraud, News, report, survey, Trustpair /

Overconfident execs are making their companies vulnerable to fraud 2025-02-07 at 06:44 By Help Net Security Cyber fraud (which includes activity such as hacking, deepfakes, voice cloning and highly sophisticated phishing schemes) rose by 14% year over year, according to Trustpair. US faces cyber fraud growth The proprietary research, which is based on a survey

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Man charged with stealing $65 million by exploting DeFI protocols vulnerabilities

Cryptocurrency, Don't miss, extortion, finance, fraud, Hot stuff, News, USA, vulnerability /

Man charged with stealing $65 million by exploting DeFI protocols vulnerabilities 2025-02-04 at 12:16 By Help Net Security A Canadian man has been indicted in federal court in New York for exploiting vulnerabilities in two decentralized finance (DeFi) protocols to fraudulently obtain about $65 million from the protocols’ investors. The fraudulent scheme According to court

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What you can do to prevent workforce fraud

authentication, cybersecurity, Don't miss, Features, fraud, Government, Hot stuff, identity verification, News, Nisos, opinion, professional, remote working, threats /

What you can do to prevent workforce fraud 2025-02-04 at 07:19 By Mirko Zorz In this Help Net Security interview, Benjamin Racenberg, Senior Intelligence Services Manager at Nisos, discusses the threat of workforce fraud, particularly DPRK-affiliated IT workers infiltrating remote roles. With HR teams and recruiters often unprepared to detect these sophisticated schemes, businesses face

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US, Dutch Authorities Disrupt Pakistani Hacking Shop Network

cybercrime, fraud, Pakistan, Saim Raza, takedown, Tracking & Law Enforcement /

US, Dutch Authorities Disrupt Pakistani Hacking Shop Network 2025-01-31 at 15:34 By Ionut Arghire US and Dutch authorities seized 39 domains to disrupt a network of hacking and fraud marketplaces operated by Saim Raza. The post US, Dutch Authorities Disrupt Pakistani Hacking Shop Network appeared first on SecurityWeek. This article is an excerpt from SecurityWeek

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DeepSeek’s Growing Influence Sparks a Surge in Frauds and Phishing Attacks

Cryptotheft, fraud, phishing /

DeepSeek’s Growing Influence Sparks a Surge in Frauds and Phishing Attacks 2025-01-30 at 15:20 By rohansinhacyblecom Overview DeepSeek is a Chinese artificial intelligence company that has developed open-source large language models (LLMs). In January 2025, DeepSeek launched its first free chatbot app, “DeepSeek – AI Assistant”, which rapidly became the most downloaded free app on

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Preparing financial institutions for the next generation of cyber threats

cybersecurity, Data Protection, Don't miss, Features, financial industry, fraud, Hot stuff, News, opinion, regulation, threats, Visa /

Preparing financial institutions for the next generation of cyber threats 2025-01-29 at 07:34 By Mirko Zorz In this Help Net Security interview, James Mirfin, SVP and Head of Risk and Identity Solutions at Visa, discusses key priorities for leaders combating fraud, the next-generation threats institutions must prepare for, and the role of collaboration between financial

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Cyber trends set to influence business strategies

boardroom, cyber risk, cybersecurity, data security, Diligent, Don't miss, fraud, generative AI, Hot stuff, predictions, strategy, Video /

Cyber trends set to influence business strategies 2025-01-27 at 06:42 By Help Net Security Diligent convened a group of 65 board members, C-suite executives, and leading subject matter experts to explore topics shaping the future of business: generative AI, cybersecurity and data privacy, geopolitical risk, and financial fraud and abuse. In this Help Net Security

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Deepfakes force a new era in fraud detection, identity verification

cybersecurity, deepfakes, fraud, identity, identity verification, News, Regula, report, survey /

Deepfakes force a new era in fraud detection, identity verification 2025-01-24 at 06:32 By Help Net Security The rise in identity fraud over the past two years has significantly impacted all industries, especially finance, banking, fintech, and crypto, according to Regula. With deepfakes threatening every second company around the world, businesses won’t be able to

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The SBI fake banking app shows that SMS authentication has had its day

authentication, cybercrime, cybersecurity, Don't miss, Expert analysis, Expert corner, financial industry, fraud, Hot stuff, IBS Software, News, opinion /

The SBI fake banking app shows that SMS authentication has had its day 2025-01-10 at 07:01 By Help Net Security As a company fortunate enough to have and maintain our own pentesting team, we often do outreach with other organizations to assist with or provide our expertise in offensive security. In collaboration with the Kerala

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Overwhelmed by fraud? Here’s how financial pros fight back

Artificial Intelligence, cybersecurity, deepfakes, Don't miss, Features, financial industry, fraud, Hot stuff, identity verification, News, online banking, opinion, Ping Identity, regulation /

Overwhelmed by fraud? Here’s how financial pros fight back 2024-12-27 at 07:04 By Mirko Zorz 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 security. He also discusses overlooked vulnerabilities in digital banking and offers advice for organizations to

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How CISOs can make smarter risk decisions

Artificial Intelligence, CISO, cybercriminals, cybersecurity, Don't miss, Features, fraud, Hot stuff, HUMAN Security, News, opinion /

How CISOs can make smarter risk decisions 2024-12-24 at 07:03 By Mirko Zorz In this Help Net Security interview, Gavin Reid, CISO at HUMAN Security, talks about the latest cybersecurity threats and how attackers are becoming more sophisticated. He explains the difficulties organizations encounter in detecting fraud and malicious bots while keeping the user experience

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$400M seized, 5,500 arrested in global operation targeting cyber fraud

arrest, cybercrime, fraud, Interpol, law enforcement, News /

$400M seized, 5,500 arrested in global operation targeting cyber fraud 2024-12-02 at 12:44 By Mirko Zorz A coordinated international operation involving law enforcement agencies from 40 countries led to the arrest of over 5,500 individuals linked to financial crimes and the confiscation of more than $400 million in virtual assets and government-backed currencies. Officers in

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Combatting Counterfeit Goods in E-Commerce with Cyble Brand Protection Strategies

counterfeit, fraud /

Combatting Counterfeit Goods in E-Commerce with Cyble Brand Protection Strategies 2024-11-29 at 12:04 By daksh sharma Overview The rapid growth of e-commerce has revolutionized the way consumers shop, with global e-commerce revenues expected to exceed $6 trillion in 2024. However, this surge in online transactions has also created fertile ground for counterfeit goods, with fraudulent

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Crypto companies are losing ground to deepfake attacks

Crypto, cybercrime, fraud, identity verification, News, Regula, report, survey /

Crypto companies are losing ground to deepfake attacks 2024-11-28 at 06:34 By Help Net Security The crypto sector stands out as the only surveyed industry where deepfake fraud surpasses traditional document fraud in prevalence, according to Regula. Crypto companies suffer significant losses from fraud The study finds that 57% of crypto companies report audio deepfake

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Black Friday shoppers targeted with thousands of fraudulent online stores

consumer, Don't miss, fraud, holidays, Hot stuff, Netcraft, News, online shopping, Retail /

Black Friday shoppers targeted with thousands of fraudulent online stores 2024-11-26 at 13:33 By Zeljka Zorz Building fake, fraudulent online stores has never been easier: fraudsters are registering domain names for a pittance, using the SHOPYY e-commerce platform to build the websites, and leveraging large language models (LLMs) to rewrite existing product listings to perfect

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How to recognize employment fraud before it becomes a security issue

cybercrime, cybersecurity, Don't miss, Expert analysis, Expert corner, fraud, Hot stuff, News, Nisos, opinion /

How to recognize employment fraud before it becomes a security issue 2024-11-26 at 07:39 By Help Net Security The combination of remote work, the latest technologies, and never physically meeting your employees has made it very easy for job applicants to mask their true identities from their employer and commit employment fraud. Motivations for this

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