Security News
LexisNexis Risk Solutions, part of RELX, announced it has entered into an agreement to acquire Emailage, a global provider of fraud prevention and risk management solutions. LexisNexis Risk Solutions already has an established commercial partnership with Emailage to offer email risk assessment to customers around the world.
Google Chrome extension developers have been left high and dry for weeks as the company struggles to cope with a spike in fraud on the Chrome Web Store. Earlier this month the Chrome Web Store team detected a significant increase in the number of fraudulent transactions involving paid Chrome extensions that aim to exploit users.
After observing an increase in the number of fraudulent transactions, Google over the weekend announced that it halted the publishing of paid items to the Chrome Web Store. "Earlier this month the Chrome Web Store team detected a significant increase in the number of fraudulent transactions involving paid Chrome extensions that aim to exploit users. Due to the scale of this abuse, we have temporarily disabled publishing paid items," Simeon Vincent, extensions developer advocate at Google, explains.
On Saturday, Google temporarily disabled the ability to publish paid Chrome apps, extensions, and themes in the Chrome Web Store due to a surge in fraud. "Earlier this month the Chrome Web Store team detected a significant increase in the number of fraudulent transactions involving paid Chrome extensions that aim to exploit users," said Simeon Vincent, developer advocate for Chrome Extensions, in a post to the Chromium Extensions forum.
Aleksai Burkov, a Russian cybercriminal responsible for over $20m in credit card fraud, pleaded guilty last week for access device fraud, identity theft, computer intrusion, wire fraud, and money laundering, after being indicted four years ago for operating a carding website called Cardplanet. This website, which ran from 2009 until 2013, served as a forum for cybercriminals to buy and sell credit card details stolen from victims.
A Russian national pleaded guilty Thursday to running a website that helped people commit more than $20 million in credit-card fraud. Aleksei Burkov, 29, of St. Petersburg, Russia, entered the plea to charges including fraud and money laundering in a federal court in Alexandria.
The proliferation of real-time payments platforms, including person-to-person transfers and mobile payment platforms across Asia Pacific, has increased fraud losses for the majority of banks. "While the convenience of real-time payments is great news for customers, increasingly, banks have zero time to clear a transaction or payment. AI can't slow down the clock, but it can help create systems that are radically quicker to recognize a transaction that smells likely to be fraudulent," said Dan McConaghy, president of FICO in Asia Pacific.
A 29-year-old Russian scumbag has admitted masterminding the Cardplanet underworld marketplace as well as a second forum for elite fraudsters. Aleksei Burkov appeared in a US federal district court in Virginia this week to plead guilty [PDF] to access device fraud, and conspiracy to commit computer intrusion, identity theft, wire and access device fraud, and money laundering.
Buguroo, the online fraud prevention solutions specialist for the financial sector, unveiled further capabilities that make it easier for banks to identify fraudsters attempting to open new bank accounts. These enhanced New Account Fraud prevention capabilities - included in the latest version of buguroo's bugFraud solution - employ advanced deep learning technologies to analyze new customer onboarding sessions in real-time, analyzing each user's behavior and environment without adding friction to their journey.