Security News

Fraud ring pushes 600+ fake web shops via Facebook ads
2024-07-31 14:14

A malicious fraud campaign dubbed "ERIAKOS" promotes more than 600 fake web shops through Facebook advertisements to steal visitors' personal and financial information. [...]

Fighting AI-powered synthetic ID fraud with AI
2024-07-18 04:30

Aided by the emergence of generative artificial intelligence models, synthetic identity fraud has skyrocketed, and now accounts for a staggering 85% of all identity fraud cases. Anomaly detection algorithms analyze transaction data to flag irregularities indicative of synthetic identity fraud, continuously learning from new data and evolving fraud tactics to enhance effectiveness over time.

'Konfety' Ad Fraud Uses 250+ Google Play Decoy Apps to Hide Malicious Twins
2024-07-16 13:00

Details have emerged about a "Massive ad fraud operation" that leverages hundreds of apps on the Google Play Store to perform a host of nefarious activities. "Konfety represents a new form of fraud and obfuscation, in which threat actors operate 'evil twin' versions of 'decoy twin' apps available on major marketplaces," HUMAN's Satori Threat Intelligence Team said in a technical report shared with The Hacker News.

Ticket Heist fraud gang uses 700 domains to sell fake Olympics tickets
2024-07-10 10:33

A large-scale fraud campaign with over 700 domain names is likely targeting Russian-speaking users looking to purchase tickets for the Summer Olympics in Paris. Researchers analyzing the campaign are calling it Ticket Heist and found that some of the domains were created in 2022 and the threat actor kept registering an average of 20 new ones every month.

Web scraping is not just a security or fraud problem
2024-06-28 03:30

Bots compose 42% of overall web traffic, and 65% of these bots are malicious, according to Akamai. Web scraping is not just a fraud or security problem, it is also a business problem.

Singapore Police Extradites Malaysians Linked to Android Malware Fraud
2024-06-18 07:38

The Singapore Police Force (SPF) has announced the extradition of two men from Malaysia for their alleged involvement in a mobile malware campaign targeting citizens in the country since June...

Modern fraud detection need not rely on PII
2024-06-14 04:30

Trends in online fraud detection often act as the canary in the coal mine when it comes to understanding and combating the next generation of online scams, fraud and cybersecurity threats. As deepfakes and other AI-powered scams trick users into sharing their private information, a privacy-centric approach to fraud prevention - one that doesn't rely on sensitive user data to authenticate a user or transactions - makes good business and technological sense.

FBI warns of fake remote work ads used for cryptocurrency fraud
2024-06-04 20:33

Today, the FBI issued a warning about scammers using fake remote job ads to steal cryptocurrency from job seekers across the United States while posing as recruiters for legitimate companies. The FBI says that red flags that should warn those targeted by these scams they're dealing with fraudsters coming for their money include being asked to make cryptocurrency payments to the employer as part of a work task, job descriptions involving simple tasks, and not being asked to provide references from previous jobs during the hiring process.

US Treasury says NFTs 'highly susceptible' to fraud, but ignored by high-tier criminals
2024-05-30 21:47

Your profile can be used to present content that appears more relevant based on your possible interests, such as by adapting the order in which content is shown to you, so that it is even easier for you to find content that matches your interests. Content presented to you on this service can be based on your content personalisation profiles, which can reflect your activity on this or other services, possible interests and personal aspects.

Moroccan Cybercrime Group Steals Up to $100K Daily Through Gift Card Fraud
2024-05-27 12:12

Microsoft is calling attention to a Morocco-based cybercrime group dubbed Storm-0539 that's behind gift card fraud and theft through highly sophisticated email and SMS phishing attacks. "Their...