Fraud victims want China to recover $4.3B worth of Bitcoin seized by UK police 2024-04-12 at 12:01 By Cointelegraph by Ezra Reguerra United Kingdom authorities found 61,000 BTC when it raided a house rented by money launderers in 2021. This article is an excerpt from Cointelegraph.com News View Original Source
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Taiwan’s Ace Exchange founder indicted in $10.7M fraud case 2024-04-10 at 15:00 By Cointelegraph by Helen Partz A Taiwanese court has ruled that the property of Ace Exchange founder David Pan and others involved in the case will be confiscated. This article is an excerpt from Cointelegraph.com News View Original Source
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Google sues alleged China crypto app racketeers: Report 2024-04-04 at 15:01 By Cointelegraph by Zoltan Vardai Approximately 100,000 users have downloaded fraudulent apps from Google Play, but the amount of user funds lost remains unknown. This article is an excerpt from Cointelegraph.com News View Original Source
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Elevating the Stakes: The Enhanced Arsenal of the Fake E-Shop Campaign 2024-04-03 at 10:16 By neetha871ad236bd Key Takeaways Overview In September 2022, Cyble Research and Intelligence Lab (CRIL) noted a substantial uptick in the prevalence of the fake e-shop campaign, which had been actively targeting Malaysia, Vietnam, and Myanmar. Initially identified in 2021, the campaign […]
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How CISOs tackle business payment fraud 2024-03-28 at 07:01 By Help Net Security In this Help Net Security video, Shai Gabay, CEO of Trustmi, discusses why payments are a source of cyber worry for CISOs. CISOs are worried about Business Email Compromise (BEC), cyber attackers’ use of AI, and securing the supply chain. These are […]
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Scams are becoming more convincing and costly 2024-03-25 at 06:33 By Help Net Security Scams directly targeting consumers continue to increase in both complexity and volume, according to Visa. Consumers are increasingly targeted by scammers, who rely on heightened emotions to create fraud opportunities. While the number of individual scam reports from June to December […]
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Judge greenlights class suit alleging Silvergate Bank aided FTX fraud 2024-03-22 at 09:03 By Cointelegraph by Jesse Coghlan A federal judge struck down Silvergate’s dismissal bid of a lawsuit claiming it aided fraud at FTX saying the allegations were adequate to proceed. This article is an excerpt from Cointelegraph.com News View Original Source
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What is anti-dumping policy in crypto? 2024-03-20 at 12:01 By Cointelegraph by Dilip Kumar Patairya Implementing an anti-dumping policy helps counter scammers who entice investors into projects before capitalizing on their own tokens to flee with profits. This article is an excerpt from Cointelegraph.com News View Original Source
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SEC hit with sanctions for its ‘gross abuse of power’ in Debt Box case 2024-03-18 at 23:51 By Cointelegraph by Brayden Lindrea The SEC initially conceded it misled the court but argued a sanction wasn’t appropriate. This article is an excerpt from Cointelegraph.com News View Original Source
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Prosecutors want $11B judgment, 40-50 years in prison for Sam Bankman-Fried 2024-03-16 at 03:12 By Cointelegraph by Derek Andersen Sam Bankman-Fried asked for a maximum sentence of six and a half years, but he could have gotten over 100 years. This article is an excerpt from Cointelegraph.com News View Original Source
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AI and the future of corporate security 2024-03-15 at 06:30 By Help Net Security In this Help Net Security video, Tracy Reinhold, CSO at Everbridge, discusses why AI technology must be embraced while also exploring some guardrails that must be in place to protect organizations against threats using AI to penetrate facilities. The post AI […]
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Tax-related scams escalate as filing deadline approaches 2024-03-12 at 07:18 By Helga Labus As the April 15, 2024 tax filing deadline approaches in the US, some old and some new tax-related scams targeting both taxpayers and tax professionals. Tax-related scams targeting taxpayers With taxpayers rushing to file their personal federal income tax return, scammers are […]
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Tazama: Open-source real-time fraud management 2024-03-07 at 07:39 By Help Net Security Tazama is an open-source platform focused on improving fraud management within digital payment systems. Tazama marks a substantial transformation in the approach to financial monitoring and compliance worldwide. Previously, the financial sector struggled with proprietary solutions that were both expensive and restrictive, impeding […]
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Linux Foundation Tackles Financial Fraud With Open Source Platform 2024-03-04 at 15:47 By Ionut Arghire The open source platform Tazama provides cost-effective monitoring of digital financial transactions to prevent fraud in real time. The post Linux Foundation Tackles Financial Fraud With Open Source Platform appeared first on SecurityWeek. This article is an excerpt from SecurityWeek […]
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Wire fraud scams escalate in real estate deals 2024-02-22 at 07:01 By Help Net Security In this Help Net Security video, Tyler Adams, CEO at CertifID, illustrates how the real estate sector needs to invest significant effort in educating consumers and implementing protective measures to safeguard real estate transactions. Recent CertifID research found that median […]
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Fraudsters have found creative ways to scam some businesses 2024-02-19 at 06:31 By Help Net Security 70% of businesses report that fraud losses have increased in recent years and over half of consumers feel they’re more of a fraud target than a year ago, according to Experian. To thwart fraudulent activity in 2024, businesses need […]
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How AI is revolutionizing identity fraud 2024-02-09 at 06:02 By Help Net Security Nearly half of businesses reported a growth in synthetic identity fraud, while biometric spoofs and counterfeit ID fraud attempts also increased, according to AuthenticID. Consumers and businesses alike are facing new challenges in today’s digital existence, from considering the ramifications of digital […]
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Google Announces Enhanced Fraud Protection for Android 2024-02-08 at 16:01 By Ionut Arghire Google Play Protect will block the installation of sideloaded applications requesting permissions frequently abused by fraudsters. The post Google Announces Enhanced Fraud Protection for Android appeared first on SecurityWeek. This article is an excerpt from SecurityWeek RSS Feed View Original Source
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New York Sues Citibank Over Poor Data Security 2024-02-01 at 15:46 By Eduard Kovacs New York attorney general is suing Citibank for failing to protect customers against hackers and fraudsters who have stolen millions. The post New York Sues Citibank Over Poor Data Security appeared first on SecurityWeek. This article is an excerpt from SecurityWeek […]
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Payment fraud is hitting organizations harder than ever before 2024-02-01 at 06:01 By Help Net Security 96% of US companies were targeted with at least one fraud attempt in the past year, according to Trustpair. 83% of US companies saw an increase in cyber fraud attempts on their organization in the past year. Fraudsters primarily […]
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