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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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 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 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 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 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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