Fraudsters revive old tactics mixed with modern technology
Threat actors continue to probe the payments ecosystem for vulnerabilities and were successful in conducting fraud schemes affecting multiple financial institutions, …
Scammers target Airbnb and Booking.com users
ESET researchers discovered that the organized scammer network Telekopye has expanded its operations to target users of popular accommodation booking platforms like …
Spotting AI-generated scams: Red flags to watch for
In this Help Net Security interview, Andrius Popovas, Chief Risk Officer at Mano Bank, discusses the most prevalent AI-driven fraud schemes, such as phishing attacks and …
Discover how online fraud can impact your business
Recent reports underscore increased fraud losses driven by both old methods and new technologies. As fraudsters exploit advancements in AI and other sophisticated tools, their …
Losses due to cryptocurrency and BEC scams are soaring
Every type of fraud is on the rise, and 2023 was a particularly devastating year for victims of cryptocurrency and business email compromise (BEC) scams, according to the FBI. …
The attack with many names: SMS Toll Fraud
Bad actors leverage premium-rate phone numbers and bots to steal billions of dollars from businesses. In this Help Net Security video, Frank Teruel, CFO at Arkose Labs, …
Old methods, new technologies drive fraud losses
GenAI, deepfakes and cybercrime are critical threats putting intensifying pressures on businesses, according to Experian. Top online security concerns for consumers According …
Stolen, locked payment cards can be used with digital wallet apps
Fraudsters can add stolen payment cards to digital wallet apps and continue making online purchases even after victims report the card stolen and the bank replaces it, …
Scammers dupe chemical company into wiring $60 million
Orion S.A., a global chemical company with headquarters in Luxembourg, has become a victim of fraud: it lost approximately $60 million through “multiple fraudulently …
Some good may come out of the CrowdStrike outage
Estimated financial losses due to the recent massive IT outage triggered by the faulty CrowdStrike update are counted in billions, but the unfortunate incident is having …
The changes in the cyber threat landscape in the last 12 months
When it comes to the cyber threat landscape, change is the only constant: the inevitable interplay between cybercriminals and law enforcement agencies makes it inevitable. …
Fighting AI-powered synthetic ID fraud with AI
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 …