Security News

Deepfake Fraud
2024-02-05 16:10

B.J. Herbison February 5, 2024 11:36 AM. Was the call recorded? On the call we have a bunch of scammers and one person who says "The deepfakes were great, I was fooled." and sends the money. The "Worried about a phishing email" might be just posturing.

Payment fraud is hitting organizations harder than ever before
2024-02-01 04:00

"As the risk of vendor payment fraud grows, so does the need to automate bank account validations and embed them into your daily processes. It's essential for winning the fight against fraud and ensuring payments are sent to the correct parties." 75% of C-level finance and treasury leaders say they'd stop doing business with an organization that fell victim to payment fraud and lost their payment.

Citibank sued over failure to defend customers against hacks, fraud
2024-01-30 16:08

New York Attorney General Letitia James sued Citibank over its failure to defend customers against hacks and scams and refusing to reimburse victims after allowing fraudsters to steal millions from their accounts. The complaint claims that because it's providing online and mobile banking options for wire transfers, Citibank should also compensate fraud victims, akin to the protections afforded to victims of electronic credit or debit card fraud under the same legislation.

AllaKore RAT Malware Targeting Mexican Firms with Financial Fraud Tricks
2024-01-27 06:55

Mexican financial institutions are under the radar of a new spear-phishing campaign that delivers a modified version of an open-source remote access trojan called AllaKore RAT. The BlackBerry...

Accused PII seller faces jail for running underground fraud op
2024-01-23 16:00

A Baltimore man faces a potential maximum 20-year prison sentence after being charged for his alleged role in running an online service that sold personal data which was later used for financial fraud. The filing claims customers would approach Charleron with a name and home address, plus a payment in the region of $25 sent either via cryptocurrency or other digital means, and in return they would receive the PII necessary to take out credit cards in a victim's name.

Digital nomads amplify identity fraud risks
2024-01-19 04:30

The result is that digital nomads come across systems for identity verification more often than most people do. Identity verification of digital nomads can be a tricky task for many businesses as their established processes are not designed for such a large variety of foreign IDs, and thus require revamping.

DoJ Charges 19 Worldwide in $68 Million xDedic Dark Web Marketplace Fraud
2024-01-08 06:15

The U.S. Department of Justice (DoJ) said it charged 19 individuals worldwide in connection with the now-defunct xDedic Marketplace, which is estimated to have facilitated more than $68 million in...

Escalating cyber threats: Bots, fraud farms, and cryptojacking surge, urgently requiring attention
2024-01-05 04:30

Cybercriminals turn to ready-made bots for quick attacks. Bots and human fraud farms were responsible for billions of attacks in the H1 of 2023 and into Q3, according to Arkose Labs.

Microsoft Warns of Storm-0539: The Rising Threat Behind Holiday Gift Card Frauds
2023-12-16 05:00

Microsoft is warning of an uptick in malicious activity from an emerging threat cluster it's tracking as Storm-0539 for orchestrating gift card fraud and theft via highly sophisticated email and...

Amazon sues REKK fraud gang that stole millions in illicit refunds
2023-12-08 16:47

Operating as an Organized Retail Crime gang across online forums and social media, this fraud service provider provides illicit refunds for individuals in exchange for a fee. REKK then requested a refund, manipulating Amazon's support representatives through social engineering tactics, unauthorized access to Amazon systems, and bribing insiders to secure a refund without returning the purchased product.