Security News

One alleged Dridex money-launderer set for US extradition, beams UK's National Crime Agency
2020-10-15 19:28

Britain's National Crime Agency arrested six men in London on suspicion of laundering "Tens of millions" for the Trickbot and Dridex banking malware gangs, the not-quite-police agency declared today. The six, a mixture of British and Eastern European citizens, were arrested around a year ago, said the NCA as EU police agency Europol jointly boasted of a further 14 arrests in the political bloc, the US and Australia.

Jumio acquires AML platform from Beam to strengthen its anti-financial crime marketplace position
2020-09-30 23:00

Jumio announced that the company acquired the AML platform from Beam Solutions, a San Francisco-based startup focused on transaction monitoring and KYC. Jumio will integrate Beam's suite of AML solutions into its current KYX Platform to further strengthen the company's position in the anti-financial crime marketplace. Beam's mission is to make the financial system safer by applying creative technological innovation to the detection and reporting of suspicious financial activity that facilitates money laundering, terrorism and human trafficking.

Ex-Uber chief security officer charged, accused of concealing a crime by paying hush money to hackers
2020-08-20 23:27

As Uber's chief security officer, Joe Sullivan broke the law by hushing up the theft of millions of people's details from the app maker's databases by hackers, prosecutors say. According to the government, the charges [PDF] stem from Sullivan's efforts to cover up the 2016 security breach at Uber in which miscreants siphoned from internal databases the personal information of 57 million passengers and 600,000 drivers, including their driving license details.

NICE Actimize launches Xceed, an AI cloud-native financial crime risk management solution
2020-08-20 02:00

NICE Actimize announced the launch of its newest platform, NICE Actimize Xceed, which integrates best-in-class AI, data intelligence, behavioral analytics, and insights within a unified cloud platform designed to bring agility to financial institutions of all sizes, including community and regional banks, that are looking to modernize their financial crime risk management solutions. With "Always On" AI-based technology, NICE Actimize Xceed's self-learning capabilities immediately and autonomously adapt to new threats, helping financial institutions meet today's dynamic risk management needs with laser accuracy, speed and simplicity, and without the need for a team of data scientists.

AI-enabled future crimes ranked: Deepfakes, spearphishing, and more
2020-08-17 17:00

A study explores the possible range and risk of attacks from military robots and autonomous attack drones to AI-assisted stalking. A study published in the journal Crime Science analyzed a vast spectrum of AI-enabled crimes in the years ahead ranging from military robots and autonomous attack drones to AI-assisted stalking.

Avoiding Fuelling the Cyber-Crime Economy
2020-08-11 14:22

What drives the cyber-crime economy, and how can organizations prevent their data being used as a criminal commodity?

National Crime Agency says Brit teen accused of Twitter hack has not been arrested
2020-08-06 09:10

The British teenager accused of being part of the gang that hacked Twitter and posted a cryptocurrency scam from various US celebrities' accounts has not yet been arrested. Mason Sheppard, a 19-year-old of Bognor Regis in the English county of West Sussex, has been visited by the National Crime Agency but no arrests have been made on this side of the Atlantic.

Ways AI could be used to facilitate crime over the next 15 years
2020-08-05 03:30

Fake audio or video content has been ranked by experts as the most worrying use of artificial intelligence in terms of its potential applications for crime or terrorism, according to a new UCL report. The study identified 20 ways AI could be used to facilitate crime over the next 15 years.

Computer misuse crimes down 9% on last year in England and Wales, says Office of National Statistics
2020-07-20 17:07

Computer misuse crimes across England and Wales have declined over the past year - with credential theft attacks remaining more or less flat in the pre-COVID reporting period. The Crime Survey of England and Wales recorded a total of 876,000 incidents of computer misuse affecting 743,000 adults across the UK over the past year, a figure that was down by 9 per cent on 2019's total of 966,000 incidents.

Your 2.3m Instagram fans won't stop the FBI... Web star accused of plotting to launder millions from cyber-crime
2020-07-06 22:35

An Instagram super-star with 2.3 million followers has been extradited to America accused of conspiring to launder hundreds of millions of dollars obtained via cyber-crime. Abbas allegedly ran so-called business email compromise scams, which typically involve hijacking email accounts, or impersonating strangers in emails, to fool victims into transferring money to the scammer's bank account rather than a legit recipient.