The attack with many names: SMS Toll Fraud 2024-09-03 at 06:31 By Help Net Security Bad actors leverage premium-rate phone numbers and bots to steal billions of dollars from businesses. In this Help Net Security video, Frank Teruel, CFO at Arkose Labs, discusses how to spot and stop them. The post The attack with many […]
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Scammers Use ScreenConnect to Defraud SSA Beneficiaries 2024-08-28 at 11:32 By rohansinhacyblecom Key Takeaways Overview Cyble Research & Intelligence Labs (CRIL) has identified a phishing website designed to impersonate Zoom. This fraudulent site tricks users into downloading ScreenConnect software. Once installed, ScreenConnect connects to a suspicious domain, giving unauthorized access to the victim’s computer. This […]
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Old methods, new technologies drive fraud losses 2024-08-28 at 06:01 By Help Net Security GenAI, deepfakes and cybercrime are critical threats putting intensifying pressures on businesses, according to Experian. Top online security concerns for consumers According to the FTC, consumers reported losing more than $10 billion to fraud in 2023 alone, representing a 14% increase […]
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Stolen, locked payment cards can be used with digital wallet apps 2024-08-19 at 21:32 By Zeljka Zorz Fraudsters can add stolen payment cards to digital wallet apps and continue making online purchases even after victims’ report the card stolen and the bank blocks it, computer engineers with University of Massachusetts Amherst and Pennsylvania State University […]
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Scammers dupe chemical company into wiring $60 million 2024-08-13 at 16:46 By Zeljka Zorz Orion S.A., a global chemical company with headquarters in Luxembourg, has become a victim of fraud: it lost approximately $60 million through “multiple fraudulently induced outbound wire transfers to accounts controlled by unknown third parties.” The scammers targeted an employee Orion […]
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Some good may come out of the CrowdStrike outage 2024-07-29 at 19:31 By Zeljka Zorz Estimated financial losses due to the recent massive IT outage triggered by the faulty CrowdStrike update are counted in billions, but the unfortunate incident is having several positive effects, as well. Some silver linings As CrowdStrike was forced to explain, […]
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The changes in the cyber threat landscape in the last 12 months 2024-07-23 at 14:31 By Zeljka Zorz When it comes to the cyber threat landscape, change is the only constant: the inevitable interplay between cybercriminals and law enforcement agencies makes it inevitable. Europol’s recently released Internet Organised Crime Threat Assessment (IOCTA) 2024 report covers […]
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Fighting AI-powered synthetic ID fraud with AI 2024-07-18 at 07:31 By Help Net Security Aided by the emergence of generative artificial intelligence models, synthetic identity fraud has skyrocketed, and now accounts for a staggering 85% of all identity fraud cases. For security professionals, the challenge lies in staying one step ahead of these evolving threats. […]
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Interpol Arrests 300 People in a Global Crackdown on West African Crime Groups Across 5 Continents 2024-07-17 at 16:01 By Associated Press Interpol arrests 300 people in a global crackdown on West African crime groups specializing in online financial fraud. The post Interpol Arrests 300 People in a Global Crackdown on West African Crime Groups […]
Deepfakes and voice clones are undermining election integrity 2024-07-02 at 06:02 By Help Net Security As the volume of digital business rises year over year, the potential for AI-enhanced digital fraud increases with it, according to TeleSign. A new TeleSign report highlights consumer concerns and uncertainty about how AI is being deployed, particularly regarding digital […]
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Securing the video market: From identification to disruption 2024-06-24 at 07:01 By Help Net Security Video piracy, a pressing issue often unnoticed in security discussions, is rising and demands immediate attention. In this Help Net Security video, Chris White, Chief Architect at Friend MTS, discusses monitoring, identifying, and disrupting piracy for the video market. He […]
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Modern fraud detection need not rely on PII 2024-06-14 at 07:32 By Help Net Security Trends in online fraud detection often act as the canary in the coal mine when it comes to understanding and combating the next generation of online scams, fraud and cybersecurity threats. These days, security and fraud experts worry that insufficient […]
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How fraudsters stole $37 million from Coinbase Pro users 2024-05-29 at 13:46 By Zeljka Zorz A convincing phishing page and some over-the-phone social engineering allowed a group of crooks to steal over $37 million from unlucky Coinbase Pro users. One of them – Chirag Tomar, a 30-year-old citizen of the Republic of India – has […]
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Fighting identity fraud? Here’s why we need better tech 2024-05-21 at 06:01 By Help Net Security In this Help Net Security video, Patrick Harding, Chief Architect at Ping Identity, discusses the state of identity fraud prevention. Businesses must adopt more advanced technologies to combat the advancing tactics of identity fraud. Organizations that do not implement […]
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Consumers continue to overestimate their ability to spot deepfakes 2024-05-20 at 06:31 By Help Net Security The Jumio 2024 Online Identity Study reveals significant consumer concerns about the risks posed by generative AI and deepfakes, including the potential for increased cybercrime and identity fraud. The study examined the views of more than 8,000 adult consumers, […]
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‘Crypto King’ Aiden Pleterski faces fraud, money laundering charges 2024-05-17 at 01:01 By Cointelegraph by Derek Andersen Pleterski and an associate were arrested months after multiple investor complaints and months of police investigation. This article is an excerpt from Cointelegraph.com News View Original Source
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FCC Warns of ‘Royal Tiger’ Robocall Scammers 2024-05-14 at 14:02 By Ionut Arghire The FCC has issued a public notice on robocall scammer group ‘Royal Tiger’, the first designated threat actor. The post FCC Warns of ‘Royal Tiger’ Robocall Scammers appeared first on SecurityWeek. This article is an excerpt from SecurityWeek RSS Feed View Original […]
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Selfie spoofing becomes popular identity document fraud technique 2024-05-10 at 06:31 By Help Net Security Document image-of-image was the most prevalent identity (ID) document fraud technique in 2023, occurring in 63% of all IDs that were rejected, according to Socure. Selfie spoofing and impersonations dominate document-related identity fraud Document image-of-image occurs when the user takes […]
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Taiwan proposes tougher AML measures for crypto service providers 2024-05-09 at 16:01 By Cointelegraph by Prashant Jha Taiwan’s Ministry of Justice proposed four amendments to the country’s AML regulations focused on cryptocurrency firms that plan to impose hefty penalties for noncompliance. This article is an excerpt from Cointelegraph.com News View Original Source
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Binance denies reports of DWF Labs market manipulation 2024-05-09 at 14:01 By Cointelegraph by Zoltan Vardai DWF Labs was first hit by market manipulation accusations in September 2023. This article is an excerpt from Cointelegraph.com News View Original Source
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