Visa announced the addition of new fraud threat detection and blocking tech designed to boost transaction security and, implicitly, the integrity of its payments ecosystem.
A scammer was able to successfully fooled the City of Saskatoon into transferring them a little over $1 million. They may not enjoy the wealth, though.
Brooklyn man Jason Mickel Elcock was sentenced today to 57 months in prison for a series of account hijacking attacks spanning more than a decade, having used stolen personal and financial information to pilfer over $1.1 million from banks and online retailers.
Millions of mobile phones were illegally unlocked by AT&T insiders who took bribes of hundreds of thousands of US dollars to also plant unauthorized tools and devices on the company's internal network.
Amil Hassan Raage was arrested for defrauding two U.S. Universities of more than $870,000 as part of a business email compromise (BEC) fraud scheme he ran during last year.
After falling for a BEC scam, Cabarrus County in North Carolina lost $1,728,082.60 after sending $2.5 million to scammers pretending to be contractors building the county's new high school.
BEC scammers are now targeting a company's customers using a new indirect attack method designed to collect information on future scam targets by asking for aging reports from collections personnel.
Researchers unearthed a new and highly prolific malware framework used by its creators to generate over one billion fraudulent ad impressions over a time span of just three months.
The frequency of business email compromise (BEC) scams has increased year over year and so did the value of attempted thefts, reaching a monthly average of more than $300 million.
Twitter has a problem with validating the cards with extra content attached to a tweet that has been abused in the past and can still be used to direct users to malicious websites.
Over $800,000 were stolen from the City of Griffin, Georgia, by scammers in a BEC (Business Email Compromise) attack by redirecting two transactions to their own bank accounts according to local media sources.
Muftau Adamu was sentenced today to 51 months in prison — 4 years and three months — for stealing more than $10 million through romance scams and business email compromise (BEC) fraud schemes aided by four other co-conspirators, between 2014 and 2018.
A Nigerian cybercriminal group dubbed Scattered Canary has evolved from one-man Craigslist and romance scams to a large scale criminal business running multiple types of frauds concomitantly and coordinating at least 35 threat actors.
Romanian national Bogdan Viorel Rusu was sentenced on Monday to 65 months in prison for running a multi-state ATM card skimming operation that caused losses close to $1 million.
The American Registry for Internet Numbers, Ltd. (ARIN) discovered a fraud scheme through which 757,760 IPv4 addresses worth between $9,850,880 and $14,397,440 were fraudulently obtained.
Scammers running business email compromise (BEC) fraud have grown in number, attack more often, and turn to remote access trojans as the preferred malware type to accompany their raids.
Financial and social security identity theft services are becoming more and more affordable every year on the dark web, leading to a drop in the skill level required for tax fraud schemes.
More than 60,000 stolen digital profiles are currently up for sale on Genesis Store, a private and invitation-only online cybercriminal market discovered and exposed by Kaspersky Lab researchers.
USA.gov, the official online portal of the U.S federal government, launched an artificial intelligence powered chatbot named Sam to automate the process of helping people find information on scams and frauds.
Beazley Breach Response (BBR) Services found that 71% of ransomware attacks targeted small businesses, with an average ransom demand of $116,324 and a median of $10,310, after analyzing 3,300 incidents involving its clients in 2018