Security News

Medicare Fraud Conspiracy Included HIPAA Violations
2019-05-24 17:33

Three Sentenced to Prison for Scheme That Targeted SeniorsThree individuals have been sentenced to serve time in federal prison after pleading guilty to participating in a $1 million Medicare...

NICE Actimize unveils fraud profiling solution for PSD2
2019-05-13 00:00

The race is on for financial institutions in the European Union community to finalize their readiness for the Payment Services Directive (PSD2) compliance deadlines coming up this September. To...

Cryptocoin theft, scam and fraud could total more than $1.2b in Q1
2019-05-03 09:51

Crooks have developed "ingenious" new ways to drain user accounts and wallets, CipherTrace says, prodding regulators into action.

Don't be Russian to judgement but... Bloke accused of $1.5m+ tax filing biz hack, fraud
2019-04-30 22:39

Nabbed in Thailand, extradited... and now formally charged A Russian citizen has been charged with defrauding US taxpayers out of at least $1.5m through a series of tax-return hacks.…

Russian Charged in $1.5 Million Cyber Tax Fraud Scheme
2019-04-30 12:18

Anton Bagdanov Allegedly Hacked Private Tax Preparation Firms to Steal DataRussian national Anton Bogdanov has been charged with stealing more than $1.5 million from the Internal Revenue Service...

Cryptocurrency giants in $850m fraud allegations
2019-04-29 11:14

The New York Attorney General has accused major cryptocurrency exchange Bitfinex and cryptocurrency Tether of an $850m fraud.

BEC Fraud Losses Grew to $1.3 Billion in 2018: FBI
2019-04-24 17:09

The 2018 Internet Crime Report (ICR) shows that both the incidence and cost of internet crime continues to escalate. Complaints rose 14.3% from 2017 to 351,937 in 2018. Associated losses increased...

HSBC Whistleblower: Fraud Fight Still Has Long Way to Go
2019-04-24 15:48

Everett Stern, the whistleblower who called attention to HSBC's international money laundering activities, which ultimately resulted in a $1.9 billion fine, says the crackdown on financial fraud...

How online merchants can combat e-commerce fraud
2019-04-24 13:00

A study of a stolen credit card by cybersecurity provider IntSights reveals how scammers use card information and how merchants can guard against this type of fraud.

PDF: The vehicle of choice for malware and fraud
2019-04-23 05:30

There has been a substantial increase of fraudulent PDF files, according to a report by SonicWall Capture Labs threat researchers. This fraud campaign takes advantage of recipients’ trust in PDF...