fraud

The new economics of fraud: Cheaper, faster, more convincing

The new economics of fraud: Cheaper, faster, more convincing 2026-05-22 at 08:29 By Anamarija Pogorelec Scams have become one of the fastest-growing consumer risks, driven by AI-enabled impersonation, social engineering, and sophisticated attack methods, according to Visa’s Spring 2026 Biannual Threats Report. Criminals redirect efforts toward trust and third parties Fraud involves behavioral manipulation, fragmented […]

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Apple Rejected 2 Million App Store Submissions in 2025 for Security and Fraud Prevention

Apple Rejected 2 Million App Store Submissions in 2025 for Security and Fraud Prevention 2026-05-21 at 14:22 By Ionut Arghire The company blocked over 1.1 billion accounts and $2.2 billion in potentially fraudulent transactions. The post Apple Rejected 2 Million App Store Submissions in 2025 for Security and Fraud Prevention appeared first on SecurityWeek. This

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FBI: $388 million lost in crypto ATM scams in 2026

FBI: $388 million lost in crypto ATM scams in 2026 2026-05-20 at 14:30 By Anamarija Pogorelec Americans lost more than $388 million to crypto kiosk scams in 2025, with the FBI warning that criminals are increasingly directing victims to transfer funds through these machines. Cryptocurrency kiosks, popularly known as Bitcoin ATMs, are physical automated teller

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Game over for 74 suspected scammers after Dutch cops plastered their faces on billboards

Game over for 74 suspected scammers after Dutch cops plastered their faces on billboards 2026-05-18 at 20:34 By Sinisa Markovic The Dutch police’s Game Over?! campaign, which publicly displays images of suspected fraudsters to encourage self-surrenders and gather public tips, is proving successful, with the identities of 74 of the 100 suspects shown already identified.

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Your coworker might be selling company logins, and thinks it’s fine

Your coworker might be selling company logins, and thinks it’s fine 2026-05-08 at 08:17 By Anamarija Pogorelec Employee behavior once considered unacceptable is becoming tolerated across various industries, particularly in IT and telecommunications, and at all levels of seniority, including leadership. Cifas Workplace Fraud Trends research, based on a survey of 2,000 UK employees working

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Shadow AI, deepfakes, and supply chain compromise are rewriting the financial sector threat playbook

Shadow AI, deepfakes, and supply chain compromise are rewriting the financial sector threat playbook 2026-04-22 at 10:09 By Anamarija Pogorelec Financially motivated attacks continued to drive the bulk of cyber incidents against banks, insurers, and payment processors in 2025. Approximately 90% of breaches affecting financial institutions carried a financial motive, with data breaches accounting for

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A single platform powers SIM farm proxy networks across 17 countries

A single platform powers SIM farm proxy networks across 17 countries 2026-04-21 at 12:30 By Mirko Zorz Racks of phones and 4G modems, connected to carrier networks and rented out as commercial mobile proxy services, are operating across at least 94 locations in 17 countries. An investigation by infrastructure intelligence firm Infrawatch traced a large

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NGate NFC malware targets Android users through trojanized payment app

NGate NFC malware targets Android users through trojanized payment app 2026-04-21 at 12:00 By Mirko Zorz NFC-based payment fraud is expanding geographically and operationally. A campaign active since November 2025 is targeting Android users in Brazil using a new variant of the NGate malware family, this time embedded in a trojanized version of HandyPay, a

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Cargo theft malware actor spent a month inside a decoy network before researchers pulled the plug

Cargo theft malware actor spent a month inside a decoy network before researchers pulled the plug 2026-04-16 at 13:34 By Mirko Zorz Proofpoint researchers executed a malicious payload from a threat actor known to target trucking and logistics companies in late February 2026, doing so inside a decoy environment. The environment stayed compromised for more

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$12 million frozen, 20,000 victims identified in crypto scam crackdown

$12 million frozen, 20,000 victims identified in crypto scam crackdown 2026-04-13 at 15:44 By Sinisa Markovic More than $12 million has been frozen, and over 20,000 victims have been identified in an international law enforcement operation targeting cryptocurrency and investment scammers. Authorities also uncovered more than $45 million in suspected cryptocurrency fraud losses worldwide. One

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International Operation Targets Multimillion-Dollar Crypto Theft Schemes

International Operation Targets Multimillion-Dollar Crypto Theft Schemes 2026-04-13 at 15:44 By Eduard Kovacs Law enforcement in the US, UK and Canada identified more than $45 million in cryptocurrency and froze $12 million. The post International Operation Targets Multimillion-Dollar Crypto Theft Schemes appeared first on SecurityWeek. This article is an excerpt from SecurityWeek View Original Source

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Seized VerifTools servers expose 915,655 fake IDs, 8 arrested

Seized VerifTools servers expose 915,655 fake IDs, 8 arrested 2026-04-13 at 13:22 By Anamarija Pogorelec On April 7 and 8, Dutch police arrested eight suspects in a nationwide operation targeting users of the VerifTools platform as part of an identity fraud investigation. The suspects, all men aged 20 to 34, are accused of identity fraud,

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MITRE releases a shared fraud-cyber framework built from real attack data

MITRE releases a shared fraud-cyber framework built from real attack data 2026-04-13 at 09:02 By Mirko Zorz Financial fraud losses in the United States reached $16.6 billion in 2024, up from $4.2 billion in 2020. Behind those numbers is a structural problem: the teams responsible for stopping fraud, fraud investigators and cybersecurity analysts, have historically

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Cybercrime losses break the $20 billion mark

Cybercrime losses break the $20 billion mark 2026-04-07 at 22:03 By Sinisa Markovic Online crime continues to generate rising financial losses, with totals reaching $20.877 billion in 2025. The FBI’s Internet Crime Complaint Center (IC3) report shows a 26% increase in total reported losses from the previous year. (Source: FBI) More than one million complaints

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Your customer passed authentication. So why are they sending money to a scammer?

Your customer passed authentication. So why are they sending money to a scammer? 2026-04-02 at 07:12 By Help Net Security In this Help Net Security video, Lenny Gusel, Head of Fraud Solutions in North America at Feedzai, explains how customer identity and access management has converged with digital fraud detection, and why treating them as

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Fake AI songs streamed billions of times, netting fraudster $10 million

Fake AI songs streamed billions of times, netting fraudster $10 million 2026-03-20 at 12:20 By Anamarija Pogorelec Michael Smith, 54, of Cornelius, North Carolina, has pleaded guilty in federal court to running a scheme that exploited music streaming platforms and diverted royalty payments from artists. He admitted to one count of conspiracy to commit wire

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Global fraud losses climb to $442 billion

Global fraud losses climb to $442 billion 2026-03-18 at 08:01 By Sinisa Markovic Online fraud is reaching more victims and generating larger losses, driven by digital tools and organized networks operating across borders. Global trends in financial fraud (Source: Interpol) In INTERPOL’s March 2026 Global Financial Fraud Threat Assessment, financial fraud sits among the top

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Google, Meta, Microsoft Among Signatories of Pact to Combat Scams

Google, Meta, Microsoft Among Signatories of Pact to Combat Scams 2026-03-17 at 14:26 By Eduard Kovacs Several major tech and retail companies have signed an industry accord against online scams and fraud. The post Google, Meta, Microsoft Among Signatories of Pact to Combat Scams appeared first on SecurityWeek. This article is an excerpt from SecurityWeek

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