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Fraudsters have found creative ways to scam some businesses

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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

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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

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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 React

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New York Sues Citibank Over Poor Data Security

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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

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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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Digital nomads amplify identity fraud risks

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Digital nomads amplify identity fraud risks 2024-01-19 at 06:31 By Help Net Security The number of foreign document verification cases in all parts of the world has grown by an average of 21% since the summer of 2021, according to Regula. It’s even higher in the US and UAE: these countries are experiencing a 25%

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29 malware families target 1,800 banking apps worldwide

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29 malware families target 1,800 banking apps worldwide 2024-01-03 at 06:31 By Help Net Security Mobile banking is outpacing online banking across all age groups due to its convenience and our desire to have those apps at our fingertips, according to Zimperium. However, this surge is accompanied by a dramatic growth in financial fraud. The

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3,500 Arrested, $300 Million Seized in International Crackdown on Online Fraud

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3,500 Arrested, $300 Million Seized in International Crackdown on Online Fraud 20/12/2023 at 15:06 By Ionut Arghire Authorities in 34 countries have cooperated to dismantle cyber-enabled scams as part of a six-month operation. The post 3,500 Arrested, $300 Million Seized in International Crackdown on Online Fraud appeared first on SecurityWeek. This article is an excerpt

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DEBT Box urges judge to toss suit as SEC got case ‘badly wrong’

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DEBT Box urges judge to toss suit as SEC got case ‘badly wrong’ 06/12/2023 at 07:03 By Cointelegraph by Brayden Lindrea The SEC initially misled a court to freeze DEBT Box’s assets, which has since been reversed, and the firm cited the incident as grounds to dismiss the suit. This article is an excerpt from

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Cybercriminals turn to ready-made bots for quick attacks

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Cybercriminals turn to ready-made bots for quick attacks 23/11/2023 at 08:31 By Help Net Security Bots and human fraud farms were responsible for billions of attacks in the H1 of 2023 and into Q3, according to Arkose Labs. These attacks comprised 73% of all website and app traffic measured. In other words, almost three-quarters of

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BNB pops after report that DOJ wants $4B settlement with Binance

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BNB pops after report that DOJ wants $4B settlement with Binance 21/11/2023 at 08:04 By Cointelegraph By Brayden Lindrea BNB hit its highest price since June after Bloomberg reported the Justice Department wanted $4 billion from Binance to end its probe into the exchange. This article is an excerpt from Cointelegraph.com News View Original Source

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Mastercard combats crypto fraud with latest AI integration

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Mastercard combats crypto fraud with latest AI integration 20/11/2023 at 17:03 By Cointelegraph By Savannah Fortis Mastercard announced it will integrate a new AI tool to detect and prevent fraud routed through cryptocurrency exchanges. This article is an excerpt from Cointelegraph.com News View Original Source React to this headline:

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JPEX scandal: Taiwan determines new suspects in alleged fraud — Report

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JPEX scandal: Taiwan determines new suspects in alleged fraud — Report 09/11/2023 at 13:02 By Cointelegraph By Helen Partz Taiwan prosecutors want Chang Tung-ying, chief partner at JPEX’s office in Taiwan, to be held in custody over alleged fraud. This article is an excerpt from Cointelegraph.com News View Original Source React to this headline:

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5 nations challenge crypto experts and investigators to target tax crimes

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5 nations challenge crypto experts and investigators to target tax crimes 03/11/2023 at 13:02 By Cointelegraph By Arijit Sarkar The J5 generates significant leads through events, which, in the past, has helped uncover multimillion-dollar crypto Ponzi schemes, such as the BitClub Network. This article is an excerpt from Cointelegraph.com News View Original Source React to

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What’s next for the ‘crypto king’ Sam Bankman-Fried?

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What’s next for the ‘crypto king’ Sam Bankman-Fried? 03/11/2023 at 08:07 By Cointelegraph By Jesse Coghlan The former FTX CEO is headed back to prison and awaits a potential second trial in March, while his lawyers pledged to “continue to vigorously fight the charges against him.” This article is an excerpt from Cointelegraph.com News View

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CFTC pays whistleblowers $16M this year for mostly crypto tips

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CFTC pays whistleblowers $16M this year for mostly crypto tips 01/11/2023 at 03:02 By Cointelegraph By Brayden Lindrea Two of the CFTC’s crypto tipsters scored $15 million alone which brought successful enforcement cases for the regulator. This article is an excerpt from Cointelegraph.com News View Original Source React to this headline:

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Sam Bankman-Fried lawyers pitch for changes to judge’s jury instruction

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Sam Bankman-Fried lawyers pitch for changes to judge’s jury instruction 31/10/2023 at 15:02 By Cointelegraph By Prashant Jha Bankman-Fried’s attorneys have made several requests in the past few months, ranging from early bail to vegan food and prescription drugs. This article is an excerpt from Cointelegraph.com News View Original Source React to this headline:

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A closer look at healthcare’s battle with AI-driven attacks

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A closer look at healthcare’s battle with AI-driven attacks 31/10/2023 at 08:02 By Mirko Zorz With its wealth of sensitive patient data, the healthcare industry has become a prime target for cybercriminals leveraging AI tools. As these threats continue to evolve, it’s important to understand how AI is shaping the cybercrime landscape in healthcare and

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Do Kwon and Terraform Labs ask judge to toss SEC’s lawsuit

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Do Kwon and Terraform Labs ask judge to toss SEC’s lawsuit 31/10/2023 at 06:02 By Cointelegraph By Jesse Coghlan Do Kwon, the co-founder now-collapsed Terraform ecosystem maintains he and his firm did not skirt U.S. securities laws. This article is an excerpt from Cointelegraph.com News View Original Source React to this headline:

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Sam Bankman-Fried denies defrauding FTX users at trial

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Sam Bankman-Fried denies defrauding FTX users at trial 27/10/2023 at 20:02 By Cointelegraph By Turner Wright As the final witness in his defense case, the former FTX CEO placed some of the blame for the crypto exchange’s failure on Gary Wang and Nishad Singh. This article is an excerpt from Cointelegraph.com News View Original Source

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