Fraud: A Growth Industry Powered by Gen-AI 2025-07-18 at 14:02 By Kevin Townsend With generative AI enabling fraud-as-a-service at scale, legacy defenses are crumbling. The next wave of cybercrime is faster, smarter, and terrifyingly synthetic. The post Fraud: A Growth Industry Powered by Gen-AI appeared first on SecurityWeek. This article is an excerpt from SecurityWeek […]
Fraud: A Growth Industry Powered by Gen-AI Read More »
Google Sues Operators of 10-Million-Device Badbox 2.0 Botnet 2025-07-18 at 12:21 By Ionut Arghire Google has filed a lawsuit against the Badbox 2.0 botnet operators, after identifying over 10 million infected Android devices. The post Google Sues Operators of 10-Million-Device Badbox 2.0 Botnet appeared first on SecurityWeek. This article is an excerpt from SecurityWeek View
Google Sues Operators of 10-Million-Device Badbox 2.0 Botnet Read More »
Fake online stores look real, rank high, and trap unsuspecting buyers 2025-07-10 at 08:32 By Sinisa Markovic Shopping on a fake online store can lead to more than a bad purchase. It could mean losing money, having your identity stolen, or even getting malware on your device. E-shop scams rose by 790% in the first
Fake online stores look real, rank high, and trap unsuspecting buyers Read More »
Money mule networks evolve into hierarchical, business-like criminal enterprises 2025-06-27 at 09:12 By Mirko Zorz In this Help Net Security interview, Michal Tresner, CEO of ThreatMark, discusses how cybercriminals are weaponizing AI, automation, and social engineering to industrialize money mule operations. He looks at how these networks have changed and how behavioral intelligence is helping
Money mule networks evolve into hierarchical, business-like criminal enterprises Read More »
When synthetic identity fraud looks just like a good customer 2025-06-26 at 07:30 By Sinisa Markovic People may assume synthetic identity fraud has no victims. They believe fake identities don’t belong to real people, so no one gets hurt. But this assumption is wrong. What is synthetic identity fraud? Criminals create fake identities by combining
When synthetic identity fraud looks just like a good customer Read More »
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
How Scammers Are Using AI to Steal College Financial Aid Read More »
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
Nigerian Involved in Hacking US Tax Preparation Firms Sentenced to Prison Read More »
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
How CISOs can regain ground in the AI fraud war Read More »
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
Digital trust is cracking under the pressure of deepfakes, cybercrime Read More »
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
Digital welfare fraud: ALTSRUS syndicate exploits the financially vulnerable Read More »
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,
Online fraud peaks as breaches rise Read More »
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
Scamnetic Raises $13 Million to Prevent Scams in Real Time Read More »
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
Tirreno: Open-source fraud prevention platform Read More »
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
Phishing, fraud, and the financial sector’s crisis of trust Read More »
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
Generative AI Is reshaping financial fraud. Can security keep up? Read More »
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
Charm Security Emerges From Stealth With $8 Million in Funding Read More »
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
300 Arrested in Crackdown on Cybercrime Rings in Africa Read More »
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,
Scammers cash in on tax season Read More »
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
Fraud Losses Reached $12.5 Billion in 2024: FTC Read More »
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
Online crime-as-a-service skyrockets with 24,000 users selling attack tools Read More »