UK: Financial fraud soars
More than 1 million incidents of financial fraud – payment card, remote banking and cheque fraud – occurred in the first six months of 2016, according to official …
Compromised electronic health records may haunt you forever
A recent report on the Deep Web black market for electronic health records (EHRs) by researchers affiliated with the Institute for Critical Infrastructure Technology has …
1 in 3 Americans report financial losses due to being defrauded
With nearly half of Americans reporting they have been tricked or defrauded, citizens are concerned that the Internet is becoming less safe and want tougher federal and state …
Every third American has lost money to online criminals
With nearly half of Americans reporting they have been tricked or defrauded, citizens are concerned that the internet is becoming less safe and want tougher federal and state …
Five trends to help senior executives protect against fraud threats
A new Experian report identifies five trends that businesses should assess and take action on to mitigate fraud and improve the customer experience in today’s …
Rio 2016: The world is watching, especially hackers
When each nation’s best athletes compete at the Olympic Games, one city seemingly becomes the center of the universe. And while we look on closely—captivated by the …
Kovter malware masquerades as Firefox update
Click-ad-fraud Kovter malware, packaged as a legitimate Firefox browser update, is being delivered to unsuspecting victims via drive-by-download attacks. Kovter, which also …
StubHub fraud ringleader sentenced to state prison
Vadim Polyakov was sentenced to 4-to-12 years in state prison for coordinating an international cybercrime and money laundering scheme that involved the theft of personal …
Criminals stole $12.7 million from ATMs in Japan
In the early morning hours of May 15, 2016, a group of over 100 people executed coordinated, fraudulent ATM withdrawals that netted them about 1.44 billion yen. In a period of …
Fraudsters steal tax data from ADP customer portal
ADP has confirmed identity thieves managed to access W-2 data of a number of its customers’ employees through the company’s customer portal, but says that the …
Online transaction fraud to reach $25 billion by 2020
Online transaction fraud is expected to reach $25.6 billion by 2020, up from $10.7 billion last year, according to Juniper Research. This means that by the end of the decade, …
How tax fraud occurs and how to stay safe
The IRS is now taking up to 21 days to review a tax return. Last year, a similar tax return took seven days to review, according to iovation. This increase of taking up to …
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