How Scammers Are Using AI to Steal College Financial Aid 2025-06-11 at 04:16 By Associated Press Fake college enrollments have been surging as crime rings deploy “ghost students” — chatbots that join online classrooms and stay just long enough to collect a financial aid check. The post How Scammers Are Using AI to Steal College […]
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Nigerian Involved in Hacking US Tax Preparation Firms Sentenced to Prison 2025-06-09 at 13:02 By Eduard Kovacs Kingsley Uchelue Utulu has been sentenced to more than 5 years in prison for his role in a scheme that involved hacking, fraud and identity theft. The post Nigerian Involved in Hacking US Tax Preparation Firms Sentenced to
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How CISOs can regain ground in the AI fraud war 2025-05-29 at 08:31 By Help Net Security Fraudsters are winning the AI arms race, first-party fraud is rising, and siloed systems are holding back defenses, according to DataVisor. Their 2025 Fraud & AML Executive Report, based on surveys of banks, fintechs, credit unions, and digital
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Digital trust is cracking under the pressure of deepfakes, cybercrime 2025-05-23 at 08:02 By Help Net Security 69% of global respondents to a Jumio survey say AI-powered fraud now poses a greater threat to personal security than traditional forms of identity theft. This number rises to 74% in Singapore, with 71% also indicating that AI-generated
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Digital welfare fraud: ALTSRUS syndicate exploits the financially vulnerable 2025-05-07 at 09:46 By Mirko Zorz A new report from bot defense firm Kasada has exposed the growing threat of ALTSRUS, a fraud syndicate targeting some of the most vulnerable corners of the digital economy. Researchers revealed how the group has scaled its operations to steal
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Online fraud peaks as breaches rise 2025-05-01 at 07:31 By Help Net Security 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 TransUnion, and Brad Daughdrill, VP, Data Science, Head of Global Fraud Analytics, TransUnion,
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Scamnetic Raises $13 Million to Prevent Scams in Real Time 2025-04-25 at 15:40 By Ionut Arghire AI-powered threat protection startup Scamnetic has raised $13 million in a Series A funding round led by Roo Capital. The post Scamnetic Raises $13 Million to Prevent Scams in Real Time appeared first on SecurityWeek. This article is an
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Tirreno: Open-source fraud prevention platform 2025-04-14 at 08:01 By Mirko Zorz Tirreno is an open-source fraud prevention platform designed as a universal analytics tool to monitor online platforms, web applications, SaaS products, digital communities, mobile apps, intranets, and e-commerce websites. “Our aim is to liberate online fraud protection technologies, making them widely available for organizations
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Phishing, fraud, and the financial sector’s crisis of trust 2025-04-08 at 08:02 By Anamarija Pogorelec The financial sector is under growing pressure from advanced phishing attacks and fraud, causing major financial losses and eroding customer trust. Escalation of phishing attacks While traditional phishing relied on generic emails to steal sensitive data, cybercriminals now use targeted
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Generative AI Is reshaping financial fraud. Can security keep up? 2025-04-01 at 07:35 By Mirko Zorz In this Help Net Security interview, Yinglian Xie, CEO at DataVisor, explains how evolving fraud tactics require adaptive, AI-driven prevention strategies. With fraudsters using generative AI to launch sophisticated attacks, financial institutions must adopt adaptive AI solutions to stay
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Charm Security Emerges From Stealth With $8 Million in Funding 2025-03-25 at 15:28 By Ionut Arghire Charm Security has emerged from stealth mode with $8 million in funding for AI-powered scams and social engineering prevention. The post Charm Security Emerges From Stealth With $8 Million in Funding appeared first on SecurityWeek. This article is an
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300 Arrested in Crackdown on Cybercrime Rings in Africa 2025-03-25 at 12:32 By Ionut Arghire Authorities in seven African countries arrested 300 suspects in an international crackdown on cybercriminal networks targeting businesses. The post 300 Arrested in Crackdown on Cybercrime Rings in Africa appeared first on SecurityWeek. This article is an excerpt from SecurityWeek View
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Scammers cash in on tax season 2025-03-21 at 07:32 By Help Net Security AI-powered phishing emails, deepfake phone calls, and fake tax prep websites are making tax scams more convincing and costly than ever, according to McAfee. Cybercriminals are pulling out all the stops to trick Americans out of their hard-earned money, and it’s working,
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Fraud Losses Reached $12.5 Billion in 2024: FTC 2025-03-12 at 17:04 By Ionut Arghire FTC says reported losses to fraud exceeded $12.5 billion in 2024, with $5.7 billion lost to investment scams. The post Fraud Losses Reached $12.5 Billion in 2024: FTC appeared first on SecurityWeek. This article is an excerpt from SecurityWeek View Original
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Online crime-as-a-service skyrockets with 24,000 users selling attack tools 2025-03-03 at 19:01 By Help Net Security The growth of AI-based technology has introduced new challenges, making remote identity verification systems more vulnerable to attacks, according to iProov. Innovative and easily accessible tools have allowed threat actors to become more sophisticated overnight, powering an increasing number
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How QR code attacks work and how to protect yourself 2025-03-03 at 07:13 By Help Net Security QR codes have become an integral part of our everyday life due to their simplicity. While they’ve been around for many years, their use exploded during the COVID-19 pandemic, when businesses turned to them for contactless menus, payments,
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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 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… 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 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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