Security News

Texas Physician Gets 35-Year Sentence in Huge Fraud Scheme (InfoRiskToday)
2017-08-11 19:03

Doctor Also Ordered to Pay $268 Million in RestitutionA Dallas physician has been sentenced to 35 years in federal prison and ordered to pay more than $268 million in restitution for his role in a...

The untapped potential of machine learning for detecting fraud (Help Net Security)
2017-08-10 15:13

E-commerce fraud protection company Signifyd has recently signed up behavioral analytics expert Long-Ji Lin to fill the position of Chief Scientist. “For advertisers, Lin perfected his model’s...

U.S. Charges Two Iranians With Hacking, Credit Card Fraud (Security Week)
2017-08-09 07:38

The U.S. Department of Justice announced on Tuesday that two Iranian nationals have been charged with credit card fraud and computer hacking. They were indicted in Columbia, South Carolina, where...

Assessing the habits and tactics of organized credit card fraud gangs (Help Net Security)
2017-07-20 14:00

By analyzing hundreds of criminal forums, Digital Shadows discovered a new trend in the form of remote learning ‘schools’. Available to Russian speakers only, these six-week courses comprise 20...

Lithuania to Extradite $100 Million Email Fraud Suspect to U.S. (Security Week)
2017-07-17 19:37

A Lithuanian man who allegedly swindled $100 million (87 million euros) from tech giants Google and Facebook must be extradited to the United States, a court ruled on Monday. "The court has ruled...

Feds Charge 412 in $1.3 Billion Healthcare Fraud Bust (InfoRiskToday)
2017-07-14 19:18

Authorities Call Takedown a Record Enforcement ActionFederal authorities have charged 412 individuals allegedly responsible for $1.3 billion in billing fraud in a takedown that officials are...

NemucodAES Ransomware, Kovter Click-Fraud Malware Spreading in Same Campaigns (Threatpost)
2017-07-14 16:37

Researchers have spotted malicious email campaigns using Zip archives to spread NemucodAES ransomware and the Kovter click-fraud Trojan, simultaneously distributing both pieces of malware.

UK Audit Office Says More Effort Needed to Combat Online Fraud (Security Week)
2017-07-03 11:37

UK's National Audit Office Says Online Fraud Needs to be Treated More Seriously by Government read more

Most corporate finance leaders expect to change fraud-fighting strategies (Help Net Security)
2017-06-16 12:30

Today’s senior finance executives are battling record levels of fraud, in turn narrowing corporate focus and limiting resources that could otherwise be devoted to innovation, planning, budgeting...