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Fraud

9 articles in this category

AI NewsCybersecurityFraud

Microsoft Disrupts RedVDS Cybercrime Service Linked to $40 Million in Fraud

Microsoft successfully disrupted RedVDS, a crimeware subscription service enabling phishing and BEC fraud, resulting in approximately $40 million in U.S. losses and impacting 191,000 organizations.

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AI NewsCybersecurityFraud

Researchers Uncover Service Providers Fueling Industrial-Scale Pig Butchering Fraud

Researchers detail how 'pig butchering-as-a-service' (PBaaS) providers equip scam networks with tools, lowering the barrier to entry and enabling large-scale fraud.

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AI NewsCyber SecurityFraud

Europol Arrests 34 Black Axe Members in Spain Over €5.9M Fraud

Europol announced the arrest of 34 Black Axe members in Spain, linked to €5.93 million in cyber fraud and organized crime.

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AI NewsCybersecurityFraud

Deepfake Fraud Tools Lagging Behind Expectations

Despite increasing realism, a World Economic Forum study finds most deepfake tools still struggle with live KYC checks, giving defenders an edge.

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AI NewsCybersecurityFraud

Nomani Investment Scam Surges 62% Using AI Deepfake Ads on Social Media

ESET reports a 62% rise in the Nomani investment scam, leveraging AI deepfakes on social media platforms like YouTube and Facebook.

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AI NewsCybersecurityFraud

Amazon Blocks 1,800 Suspected North Korean IT Job Scammers

Amazon has prevented over 1,800 suspected North Korean IT job scammers from being hired since April 2024, highlighting the increasing sophistication of state-sponsored fraud.

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AI NewsCybersecurityFraud

US DoJ Seizes Domain Used in $14.6 Million Bank Account Takeover Scheme

The US Justice Department seized web3adspanels[.]org, a domain used to steal bank logins, resulting in $14.6 million in losses for 19 US victims.

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AI NewsCybersecurityFraud

FBI Warns of $262M in ATO Fraud Amid AI-Driven Phishing Surge

FBI reports $262 million in account-takeover fraud losses linked to AI-powered phishing and holiday scams.

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AI NewsCybersecurityFraud

Five U.S. Citizens Plead Guilty to Facilitating North Korean IT Worker Fraud Across 136 Companies

Five U.S. citizens pleaded guilty to enabling North Korean IT workers to infiltrate 136 companies, generating $2.2M for the regime.

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