Tag: fraud
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$5 Million Reward Offered After Indictment of North Korean Cyber Operatives
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in SecurityNewsA federal court in St. Louis, Missouri, has indicted 14 nationals of the Democratic People’s Republic of Korea (DPRK) for a series of long-running conspiracies involving sanctions violations, wire fraud,... First seen on securityonline.info Jump to article: securityonline.info/5-million-reward-offered-after-indictment-of-north-korean-cyber-operatives/
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FBI warns of rising AI tools deployment in financial fraud schemes
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in SecurityNewsFirst seen on scworld.com Jump to article: www.scworld.com/brief/fbi-warns-of-rising-ai-tools-deployment-in-financial-fraud-schemes
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Notorious Nigerian cybercriminal tied to BEC scams extradited to U.S.
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in SecurityNewsAbiola Kayode, a 37-year-old Nigerian national, has been extradited from Ghana to the United States to face charges of conspiracy to commit wire fraud. Kayode, who was on the FBI’s Most Wanted cybercriminal list, is charged with participating in a business email compromise (BEC) scheme and romance fraud from January 2015 to September 2016, defrauding…
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Triad Nexus, Chinese Hackers Using 200,000 Domains For Widespread Cyber Attack
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in SecurityNewsResearchers identified FUNNULL, a Chinese CDN, as hosting malicious content, which includes fake trading apps for financial fraud, gambling sites likely used for money laundering, and phishing login pages targeting luxury brands. The gambling sites use algorithmically generated domains and Tether cryptocurrency, possibly to bypass blocking and facilitate cross-border money flows. FUNNULL acquired polyfill.io, a…
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AI Meets Fraud Prevention in LexisNexis-IDVerse Acquisition
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in SecurityNewsLexisNexis Combines AI-Driven Document Authentication With Its Fraud Solutions. To counter AI-driven fraud, LexisNexis acquired IDVerse, a London-based startup focused on document authentication and regulatory compliance. This acquisition aims to seamlessly integrate advanced tools into LexisNexis’ fraud and identity platforms, enhancing global operations. First seen on govinfosecurity.com Jump to article: www.govinfosecurity.com/ai-meets-fraud-prevention-in-lexisnexis-idverse-acquisition-a-27032
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US sanctions Chinese cybersecurity firm over global malware campaign
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in SecurityNews
Tags: attack, breach, china, computer, control, corporate, credentials, cve, cyber, cyberattack, cybersecurity, email, encryption, exploit, finance, firewall, fraud, government, group, healthcare, identity, infection, infrastructure, intelligence, international, malicious, malware, monitoring, network, office, password, ransomware, risk, service, software, sophos, technology, terrorism, threat, tool, vulnerability, zero-dayThe US government has imposed sanctions on Chinese cybersecurity firm Sichuan Silence Information Technology and one of its employees, Guan Tianfeng, for their alleged involvement in a 2020 global cyberattack that exploited zero day vulnerabilities in firewalls.The actions were announced by the US Department of the Treasury and the Department of Justice (DOJ), which also…
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Credit risk rising as attackers strike larger companies: Moody’s
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in SecurityNewsCybercriminals are deploying generative AI tools in their efforts at ransomware and fraud, Moody’s Ratings said. First seen on cybersecuritydive.com Jump to article: www.cybersecuritydive.com/news/credit-risk-cyber-moodys/735066/
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DWP ‘fairness analysis’ reveals bias in AI fraud detection system
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in SecurityNewsInformation about people’s age, disability, marital status and nationality influences decisions to investigate benefit claims for fraud, but the Department for Work and Pensions says there are ‘no immediate concerns of unfair treatment’ First seen on computerweekly.com Jump to article: www.computerweekly.com/news/366616983/DWP-fairness-analysis-reveals-bias-in-AI-fraud-detection-system
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Traveling for the Holidays? Your Digital Identity Is Along for the Ride
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in SecurityNewsTraveling for the Holidays? Your Digital Identity Is Along for the Ride andrew.gertz@t“¦ Tue, 12/10/2024 – 14:20 Identity & Access Management Access Control Thales – Cloud Protection & Licensing Solutions More About This Author > Thales Contributors: Frederic Klat, Sales Acceleration Director, and Ward Duchamps, Director of Strategy and Innovation, CIAM If you’re one…
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Decoding SMS Pumping Fraud: Protecting Your Communications
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in SecurityNewsIn the digital-first world, SMS messaging remains a common security mechanism for second factor and other verification communication. Whether verifying accounts through one-time passwords (OTPs), notifying customers about transactions, or sharing promotions, organizations across industries often rely on SMS as a reliable channel. Yet, this trust has been exploited by cybercriminals through SMS pumping fraud,……
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Europol Dismantles Major Online Fraud Platform in Blow to Fraudsters
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in SecurityNewsA European law enforcement operation took down a specialized online marketplace that operated as a central hub for the trade of illegally obtained information First seen on infosecurity-magazine.com Jump to article: www.infosecurity-magazine.com/news/europol-online-fraud-platform/
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Onlinebetrug und Cyberkriminalität durch Fraud Awareness bekämpfen
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in SecurityNewsGerade in Zeiten mit vielen Transaktionen wie Black Friday und allgemein im Vorweihnachtsgeschäft ist ein verstärkter Fokus auf Identitätsdiebstahl und Betrugsprävention auf Händler- wie auf Zahlungsdienstleisterseite nötig. Mithilfe von KI-gestützten Methoden gehen Betrüger in immer größerem Stil vor. Laut einer repräsentativen Studie des IT-Branchenverbands Bitkom ist fast die Hälfte der befragten Deutschen (44 Prozent) bereits……
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Authorities Dismantled Hackers Who Stolen Millions Using AirBnB
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in SecurityNews
Tags: breach, cyber, cybercrime, exploit, finance, fraud, group, hacker, international, network, phishing, vulnerabilityAn international cybercrime network responsible for stealing millions of euros across at least ten European countries has been dismantled in a joint operation by the Rotterdam Police Cybercrime Team and the Belgian police. The sophisticated criminal group employed phishing schemes and bank helpdesk fraud to exploit vulnerable victims, with call centers set up in luxury…
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Millionaire Airbnb Phishing Ring Busted Up by Police
Scammers set up call centers in luxury rentals to run bank help-desk fraud, as well as large-scale phishing campaigns, across at least 10 European countries, according to law enforcement. First seen on darkreading.com Jump to article: www.darkreading.com/cyberattacks-data-breaches/millionaire-airbnb-phishing-ring-busted-police
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A Secure Future in Australia with the Scam-Safe Accord
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in SecurityNewsThe Birth of the Scam-Safe Accord The Scam-Safe Accord (also called the ScamSafe Accord or Scam Safe Accord) is an initiative launched by the Australian Banking Association in response to the increasing prevalence of scams and fraud targeting consumers in the financial sector. Australia’s top banks and financial institutions, usually fierce competitors, came together with……
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Cybercrime gang arrested after turning Airbnbs into fraud centers
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in SecurityNewsEight members of an international cybercrime network that stole millions of Euros from victims and set up Airbnb fraud centers were arrested in Belgium and the Netherlands. First seen on bleepingcomputer.com Jump to article: www.bleepingcomputer.com/news/security/cybercrime-gang-arrested-after-turning-airbnbs-into-fraud-centers/
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Krypto-Betrug auf dem Vormarsch: Deutschland im Fokus der Betrüger
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in SecurityNewsEine neue Studie von BrokerChooser zeigt die erschreckende Zunahme von Online-Anlagebetrügereien, die auf EU-Bürger abzielen, und macht deutlich, welche Länder in der EU am meisten betroffen sind. First seen on it-daily.net Jump to article: www.it-daily.net/it-sicherheit/cybercrime/krypto-betrug-auf-dem-vormarsch-deutschland-im-fokus-der-betrueger
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Cyber-Bedrohungen 2024: Trends und Ausblick
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in SecurityNewsCyberkriminelle haben 2024 mit QR-Code-Betrug, KI-gestützten Angriffen und Supply-Chain-Exploits neue Maßstäbe gesetzt. Unternehmen stehen vor einer wachsenden Bedrohungslandschaft, die ausgeklügelte Sicherheitsmaßnahmen erfordert, um proaktiv auf die Herausforderungen von 2025 vorbereitet zu sein. First seen on itsicherheit-online.com Jump to article: www.itsicherheit-online.com/news/cybersecurity/cyber-bedrohungen-2024-trends-und-ausblick/
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Gen AI use cases rising rapidly for cybersecurity, but concerns remain
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in SecurityNews
Tags: ai, attack, automation, awareness, ceo, ciso, compliance, control, cybersecurity, data, detection, finance, framework, fraud, GDPR, governance, grc, group, guide, Hardware, HIPAA, incident response, intelligence, international, malware, middle-east, monitoring, phishing, privacy, RedTeam, regulation, risk, risk-assessment, risk-management, soc, software, strategy, technology, threat, tool, training, usaGenerative AI is being embedded into security tools at a furious pace as CISOs adopt the technology internally to automate manual processes and improve productivity. But research also suggests this surge in gen AI adoption comes with a fair amount of trepidation among cybersecurity professionals, which CISOs must keep in mind when weaving gen AI…
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SECURITY AFFAIRS MALWARE NEWSLETTER ROUND 23
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in SecurityNewsSecurity Affairs Malware newsletter includes a collection of the best articles and research on malware in the international landscape. SmokeLoader Attack Targets Companies in Taiwan LogoFAIL Exploited to Deploy Bootkitty, the first UEFI bootkit for Linux Horns&Hooves campaign delivers NetSupport RAT and BurnsRAT DroidBot: Insights from a new Turkish MaaS fraud operation RedLine, A […]…
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Weaponized AI: Hot for Fraud, Not for Election Interference
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in SecurityNewsFBI Sees Rising AI-Enabled Fraud; Meta Reports Scant Election Interference Use Artificial intelligence: What’s it good for? Per the old song about war, the answer isn’t absolutely nothing, but so far it also isn’t absolutely everything. New findings pinpoint where generative AI and deepfakes are hot – fraud – and where they’re not – election…
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Europol Dismantles Major Online Fraud Platform in Major Blow to Fraudsters
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in SecurityNewsA European law enforcement operation took down a specialized online marketplace that operated as a central hub for the trade of illegally obtained information First seen on infosecurity-magazine.com Jump to article: www.infosecurity-magazine.com/news/europol-online-fraud-platform/
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Phishing, Fraud, and Stolen Data: Europol Takes Down Cybercrime Network
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in SecurityNewsEuropol has announced the successful dismantling of a sophisticated network responsible for facilitating large-scale online fraud. This operation, led by German authorities with support from law enforcement agencies across Europe,... First seen on securityonline.info Jump to article: securityonline.info/phishing-fraud-and-stolen-data-europol-takes-down-cybercrime-network/
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The 7 Stages of Realizing You Have a Bot Problem
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in SecurityNewsBots are sneaky, and the signs of a problem are hard to ignore”, rising fraud, compromised accounts, and vanishing promotions. Below are seven emotional stages of realizing your bot detection isn’t working and how Kasada can help. First seen on securityboulevard.com Jump to article: securityboulevard.com/2024/12/the-7-stages-of-realizing-you-have-a-bot-problem/
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Europol Shuts Down Manson Market Fraud Marketplace, Seizes 50 Servers
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in SecurityNewsEuropol on Thursday announced the shutdown of a clearnet marketplace called Manson Market that facilitated online fraud on a large scale.The operation, led by German authorities, has resulted in the seizure of more than 50 servers associated with the service and the arrest of two suspects. More than 200 terabytes of digital evidence have been…
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FBI Warns GenAI is Boosting Financial Fraud
An FBI alert warned that GenAI tools are improving the believability of fraud schemes and enabling large scale attacks First seen on infosecurity-magazine.com Jump to article: www.infosecurity-magazine.com/news/fbi-genai-financial-fraud/