Latest News

02/23/2024

New Leak Shows Business Side of China’s APT Menace

Krebs On Security

A new data leak that appears to have come from one of China’s top private cybersecurity firms provides a rare glimpse into the commercial side of China’s many state-sponsored hacking groups.

Details >
02/23/2024

Cyberattacks are the No. 1 worry for business leaders—and AI may be able to help

Fortune

Executives consider cyberattacks the top threat to their companies, and artificial intelligence only exacerbates the risk by helping hackers infiltrate computer systems more quickly and effectively. But AI can also help protect businesses.

Details >
02/23/2024

Change Healthcare Cyber-Attack Leads to Prescription Delays

Infosecurity Magazine

Health tech firm Change Healthcare, part of Optum, has been hit by a cyber-attack, leading to delays in prescriptions being issued to patients.

Details >
02/23/2024

FBI Warns of ‘Unprecedented Increase’ in Chinese Cyberattacks on US Infrastructure

Homeland Security Today

FBI Director Christopher Wray said that the agency is “laser-focused” on deterring the threat posed by China that is capable of undermining U.S. national security

Details >
02/23/2024

Two Individuals Convicted for $11M COVID-19 Relief Fraud Scheme

U.S. Department of Justice

A federal jury in Atlanta convicted a Georgia man and woman yesterday for their roles in an over $11 million Paycheck Protection Program (PPP) fraud scheme.

Details >
02/23/2024

Campbell County Man Sentenced for Fraud Using Counterfeit Money

U.S. Attorney's Office Eastern District of Kentucky

COVINGTON, Ky. – A Melbourne, Ky., man, Timothy Noble, 35, was sentenced on Wednesday, by Chief U.S. District Judge Danny C. Reeves, to a total of 40 months incarceration, for passing counterfeit money with the intent to defraud.

Details >
02/23/2024

Durham Police seek help identifying suspect in bank robbery

ABC 11 News

DURHAM, N.C. (WTVD) -- Durham Police are asking for help in identifying a man who robbed a bank Wednesday morning.

Details >
02/23/2024

FBI: Waldo UMB Bank robbery suspect gets away with cash, threatened teller with explosive device

KSHB Kansas City

KANSAS CITY, Mo. — The Kansas City, Missouri, Police Department and FBI are investigating a bank robbery in the Waldo neighborhood Thursday.

Details >
02/23/2024

Federal Jury Convicts Minneapolis Man for Insider Trading Scheme

U.S. Attorney's Office District of Minnesota

ST. PAUL, Minn. – A federal jury has convicted a Minneapolis man in an insider trading conspiracy involving nonpublic negotiations for the acquisition of a medical device company valued at $1.6 billion, announced First Assistant U.S. Attorney Ann M. Bildtsen.

Details >
02/23/2024

Police: Woman in Wisconsin tries robbing two banks in same day, arrested after police chase

MSN WFRV Green Bay

FITCHBURG, Wis. (WFRV) – A woman who was on extended supervision for prior bank robbery convictions was arrested after allegedly robbing one Wisconsin bank and attempting to rob another on the same day.

Details >
02/23/2024

Task Force KleptoCapture Announces Array of New Charges, Arrests, and Forfeiture Proceedings in Advance of Second Anniversary of Illegal Invasion of Ukraine

U.S. Department of Justice

United States seeks forfeiture of $2.5 million in luxury properties, makes two arrests, charges two sanctioned oligarchs, and secures guilty plea in significant money laundering case

Details >
02/23/2024

CFPB may take legal action against Block

Payments Dive

The bureau has informed the digital payment company it’s weighing legal action related to a Cash App probe.

Details >
02/21/2024

Identity theft on the rise in North Alabama as tax season nears its peak

WAAY TV

As peak tax season arrives, scammers are looking to take advantage of you and your hard-earned money.

Details >
02/21/2024

Two sent to prison for stealing nearly $3m in IRS refunds

IRS

HOUSTON — Two men have been sentenced for their roles in a scheme to cash stolen tax checks, announced U.S. Attorney Alamdar S. Hamdani.

Details >
02/21/2024

Evangelist, five others to die by hanging for bank robberies in Ondo

Vanguard

An Akure High Court, in Ondo state, has sentenced a popular Akure based Evangelist, Adewale Adelu, and five others to death by hanging for robbing two different banks in the state, 13 years ago.

Details >
02/21/2024

Former bank manager sentenced to 3+ years in prison for theft from customer accounts

United States Attorney's Office District of Washington

Stole more than $1 million from bank customers – preyed on those who were disabled or elderly and less apt to monitor accounts

Details >
02/21/2024

Nigerian Man Extradited from the United Kingdom to Bismarck, North Dakota on Wire Fraud, Mail Fraud, and Money Laundering Charges

United States Attorney's Office District of North Dakota

BISMARCK – United States Attorney Mac Schneider announced that on February 12, 2024, Nigerian citizen Christopher Agbaje made an initial appearance in the United States District Court for the District of North Dakota, on charges of 1) Wire Fraud; 2) Mail Fraud; and 3) Money Laundering.

Details >
02/20/2024

Feds Seize LockBit Ransomware Websites, Offer Decryption Tools, Troll Affiliates

Krebs on Security

U.S. and U.K. authorities have seized the darknet websites run by LockBit, a prolific and destructive ransomware group that has claimed more than 2,000 victims worldwide and extorted over $120 million in payments.

Details >
02/20/2024

Serial swindler busted after hitting multiple powersports dealerships

Power Sports Business

A Minnesota man with a lengthy history of theft and check fraud is now charged with stealing more than $200,000 from a dozen Twin Cities businesses, according to a Fox 9 report.

Details >
02/20/2024

Police, FBI searching for suspect who robbed Brighton bank

Denver 7

BRIGHTON, Colo. — The Brighton Police Department and Federal Bureau of Investigation are searching for a suspect who robbed a Brighton bank Monday afternoon.

Details >
02/20/2024

U.S. and U.K. Disrupt LockBit Ransomware Variant

Office of Public Affairs U.S. Department of Justice

U.S. Indictment Charges Two Russian Nationals with Attacks Against Multiple U.S. and International Victims; FBI Seizes Infrastructure; and Department of Treasury Takes Additional Action Against LockBit

Details >
02/20/2024

Older people lose $28B to scams, maybe due to a more trusting nature

Investment News

Older people may be at greater risk of missing warning signs that suggest a potential scam from someone they know, according to new research from the University of Florida.

Details >
02/20/2024

Non-profit check fraud scam appears to span states

Keloland.com

SIOUX FALLS, S.D. (KELO) — A wide-reaching attempt to scam non-profits has targeted a number of South Dakota organizations.

Details >
02/20/2024

Federal regulators are probing whether Cash App leaves door open to money launderers, terrorists

NBC News

The payment app, used by millions and celebrated by rappers, “had no effective procedure" to establish the true identity of customers, two whistleblowers told officials.

Details >
02/20/2024

Four accused in Missouri of a nationwide financial scam targeting the elderly

KTTN.com

Four men from California have been indicted in connection with a nationwide tech support fraud scam targeting the elderly.

Details >
02/20/2024

Experts urge senators to act in the fight against financial fraud

AFR News

Americans are reporting fewer frauds since a peak in 2021. However, experts at a Jan. 31 Senate hearing said scammers are only getting better at extracting more money from their victims.

Details >
02/16/2024

Charges: Teens robbed man they met through Facebook Marketplace

Bring Me The News

Minneapolis police are investigating their connection to a wider wave of armed robberies in the city in recent weeks.

Details >
02/16/2024

Social Security Publishes Proposed Rule for Payroll Information Exchange to Reduce Improper Payments

SSA

Today, the Social Security Administration published a proposed rule, “Use of Electronic Payroll Data to Improve Program Administration,” describing the agency’s plans for accessing and using information from payroll data providers to reduce improper payments, including overpayments, which improves service to customers.

Details >
02/16/2024

Government impersonators mail fake notices to business owners

FTC

You’ve heard about scammers who pose as government workers, calling to demand your money or information.

Details >
02/15/2024

ND consumers lost millions to scams

Minot Daily News

North Dakota consumers submitted 3,181 fraud reports in 2023, according to newly released data from the Federal Trade Commission. The state’s consumers reported losing more than $15.66 million to fraud, with a median loss of $500.

Details >
02/15/2024

More than half of P2P fraud victims lose money: AARP

Payments Dive

“When it comes to addressing instances of financial exploitation, consumers are less likely to trust P2P platforms than banks and credit unions,” an AARP survey reported.

Details >
02/15/2024

U.S. Internet Leaked Years of Internal, Customer Emails

Krebs on Security

The Minnesota-based Internet provider U.S. Internet Corp. has a business unit called Securence, which specializes in providing filtered, secure email services to businesses, educational institutions and government agencies worldwide.

Details >
02/15/2024

Woman robbed by people pretending to be good Samaritans outside Gardena bank

NBC Los Angeles

Juana Gutiérrez said she was robbed by a couple of people pretending to be good Samaritans outside a Gardena bank.

Details >
02/15/2024

Ransomware attack believed to be behind Fulton County cybersecurity incident, officials say

Atlanta News First

ATLANTA, Ga. (Atlanta News First) - A ransomware attack is believed to be behind a “cybersecurity incident” that left several Fulton County government services unavailable for weeks, according to officials.

Details >
02/15/2024

Man jailed after attempted bank robbery in Hoover

Trussvilletribune.com

HOOVER — A Birmingham man who attempted a bank robbery in Hoover is behind bars tonight, according to Hoover Police. Ian Everett D’Arpa, 46, of Birmingham is being held without bond.

Details >
02/15/2024

CFPB’s proposed rule would cripple government fraud prevention effo

The Hill

In the aftermath of the most damaging and widespread fraud event in our history, this would be an exceptionally bad time to tie government agencies’ hands in protecting citizens and preventing fraud.

Details >
02/15/2024

Home security video catch person taking mail that results in $8,000 worth of fraudulent checks

ABC 11 News

HARNETT COUNTY, NC (WTVD) -- Mail was stolen right out of a homeowner's mailbox and a homeowner in Harnett County caught it all on camera.

Details >
02/15/2024

Non-profit check fraud scam appears to span states

KeloLand.com

SIOUX FALLS, S.D. (KELO) — A wide-reaching attempt to scam non-profits has targeted a number of South Dakota organizations.

Details >
02/15/2024

India-based computer-hacking scam that targeted elderly across the country and stole $150,000 from a Kalispell woman sends Indian national to prison for more than four years

United States Attorney's Office District of Montana

MISSOULA — A federal judge today sentenced an Indian national to four years and three months in prison for his role in stealing $150,000 from a Kalispell woman through an international computer-hacking scheme that targeted elderly Americans nationwide and resulted in more than $1.2 million in total losses, U.S. Attorney Jesse Laslovich said.

Details >
02/15/2024

Department of Revenue will start reissuing over 128,000 expired one-time tax rebate checks next week

Minnesota Department of Revenue

ST. PAUL, Minn. - The Minnesota Department of Revenue announced today that they will be reissuing over 128,000 one-time tax rebate checks that have gone uncashed and subsequently expired after their November and December issuance dates. The mailing of reissued checks will start next week and should be completed by mid-March.

Details >
02/15/2024

Bitcoin Depot CEO weighs in on new California law

Payments Dive

Bitcoin Depot CEO Brandon Mintz contends a new California law will “create economic challenges” for his company and other crypto ATM operators.

Details >
02/15/2024

Georgia Man Sentenced for Bank Fraud Conspiracy and Identity Theft

United States Attorney's Office District of New Hampshire

CONCORD – A Georgia man was sentencing today in federal court in Concord for conspiracy to commit bank fraud and two counts of aggravated identity theft, United States Attorney Jane E. Young announces.

Details >
02/14/2024

Three large blue USPS mail collection boxes stolen in St. Paul, later found

Pioneer Press

In an unusual theft, three large blue U.S. Postal Service mail collection boxes were stolen in St. Paul and later found.

Details >
02/12/2024

Montana residents lose $21M in 10,000 fraud cases in 2023

NBC Montana

MISSOULA, Mont. — New data shows the Federal Trade Commission received nearly 9,729 reports from consumers in Montana in 2023. That includes just under 5,999 fraud reports from consumers who reported losing $21,093,571 to scams last year, with a median loss of $500.

Details >
02/12/2024

Facts about fraud from the FTC – and what it means for your business

FTC

The FTC just issued its 2023 Consumer Sentinel Network Data Book jam-packed with facts about the kind of scams consumers have reported to us.

Details >
02/12/2024

Smart Helmets Flaw Exposed Millions to Risk of Hacking and Surveillance

Hack Read

According to cybersecurity firm Pen Test Partners, Livall’s smart helmets had an inherent flaw that could lead to the leaking of critical, sensitive user information including location data.

Details >
02/12/2024

Could China Unleash a Cyber Pearl Harbor?

Breitbart

FBI Director Warns That Chinese Hackers Are Preparing to Inflict “Real-World Harm” on Americans

Details >
02/12/2024

Elderly Couple Reclaims Life Savings from Check Washing Scam

BNN Breaking

An elderly couple in Cicero, Illinois nearly lost their life savings to a check washing scam. After a five-month struggle, their daughter's determination led to the return of their hard-earned money. This incident highlights the growing prevalence of check washing scams and the importance of financial literacy and secure banking practices.

Details >
02/12/2024

Nearly 40 people in Wisconsin have been charged with defrauding COVID funds

Wausau Pilot & Review

During the pandemic, the federal government distributed a massive $4.2 trillion to local governments, businesses and people. Some of those funds were stolen, and one estimate puts the amount in the hundreds of billions of dollars.

Details >
02/12/2024

NY AG Alleges $3 Billion Fraud in Updated Crypto Scam Case

PYMNTS

New York has expanded what had been a $1 billion lawsuit against three cryptocurrency companies.

Details >
02/09/2024

Credential Stuffing: Who Owns the Risk?

Security Boulevard

Kasada was recently in the news after identifying a credential stuffing campaign targeting Australian retail, fast food, and entertainment outlets.

Details >
02/09/2024

Criminals turn to low-tech ‘check washing’ as online fraud made harder

The Reminder

LONGMEADOW — Online financial transactions have been a major path for theft and identity fraud for years. As more safeguards have been put in place to protect against those crimes, thieves have shifted back to more low-tech methods of stealing from the public.

Details >
02/09/2024

Juniper Support Portal Exposed Customer Device Info

Krebs on Security

Until earlier this week, the support website for networking equipment vendor Juniper Networks was exposing potentially sensitive information tied to customer products, including which devices customers bought, as well as each product’s warranty status, service contracts and serial numbers.

Details >
02/09/2024

The Vital Role of Defensive AI: Safeguarding the Future

FORTRA

In recent times, the remarkable advancement of AI has revolutionized our technological landscape. Its profound benefits have not only enhanced the efficiency of our daily operations but also induced transformative shifts across industries.

Details >
02/09/2024

WhatsApp Scams in 2024: How to Spot a Fake

FORTRA

Last year, text scammers prowling around on messaging platforms like WhatsApp sent a staggering 19 million messages in December alone. When ploys like these can rake up over $10 million in a matter of months, it's easy to see why.

Details >
02/09/2024

Surge in deepfake "Face Swap" attacks puts remote identity verification at risk

FORTRA

New research shows a 704% increase in deepfake "face swap" attacks from the first to the second half of 2023.

Details >
02/09/2024

Strengthening Fraud Mitigation with Evolving Online Authentication Methods

The Federal Reserve FedPayments Improvement

When consumers and businesses make payments online, they typically focus on making sure recipients receive their payments on time, so they don’t incur late fees. Fraud is likely not on their minds.

Details >
02/09/2024

Think you know what the top scam of 2023 was? Take a guess

FTC

Every day people report to the FTC the scams they spot. Every year, the FTC shares the information we collect in a data book which tells a story about the top scams people tell us about – so we can all spot and avoid them.

Details >
02/07/2024

APP Fraud in Focus as Digital Tools Redefine Prevention Tactics

PYMNTS

The widespread adoption of person-to-person (P2P) payment apps and services has fueled a surge in credit-push payment volume, a trend that has been further accelerated by the recent introduction of real-time payments in the United States.

Details >
02/07/2024

Whitepaper: Why Microsoft’s password protection is not enough

Help Net Security

Microsoft’s Azure AD Password Protection, now rebranded as Microsoft Entra ID helps users create a password policy they hope will protect their systems from account takeover and other identity and access management issues.

Details >
02/07/2024

‘I had no idea’: Victim says as Raleigh woman accused of identity theft again

CBS17.com

RALEIGH, N.C. (WNCN) — Five North Carolina hospitals, an assumed identity, and a victim demanding answers.

Details >
02/07/2024

Scammers pretend to be government employees, demanding money, FBI warns

Fox 13 Memphis, TN

MEMPHIS, Tenn. - The U.S. Marshals and the FBI have reported a problem in the Mid-South saying that scammers are pretending to be government employees and demanding payments.

Details >
02/07/2024

From Cybercrime Saul Goodman to the Russian GRU

Krebs on Security

In 2021, the exclusive Russian cybercrime forum Mazafaka was hacked.

Details >
02/07/2024

Suspect caught with $250K at Sweetwater truck stop charged with Money Laundering

Yahoo News

SWEETWATER, Texas (KTAB/KRBC) – A suspect who was caught with $250,000 worth of cash at a truck stop in Sweetwater has been charged with Money Laundering.

Details >
02/07/2024

Senators Pressure FinCEN to Fully Implement AML Whistleblower Program

National Law Review

A bipartisan group of senators have joined whistleblower advocates in calling on the Financial Crime Enforcement Network (FinCEN) to adopt regulations fully implementing the Anti-Money Laundering (AML) Whistleblower Program. In a letter sent on February 2 to FinCEN Director Andrea Gacki, Senators Chuck Grassley (R-IA), Elizabeth Warren (D-MA), and Raphael Warnock (D-GA) outline their concerns with the agency’s delay in the rulemaking process and emphasize the importance of the program.

Details >
02/07/2024

Brighton police searching for bank robbery suspect

Denver 7

BRIGHTON, Colo. — The Brighton Police Department is searching for a man accused of robbing a bank Tuesday afternoon.

Details >
02/06/2024

Deepfake scam video cost company $26 mnl; Tencent fires 120 for fraud

Space War

Scammers tricked a multinational firm out of some $26 million by impersonating senior executives using deepfake technology, Hong Kong police said Sunday, in one of the first cases of its kind in the city.

Details >
02/06/2024

Minneapolis Man Sentenced to 10 Years in Prison for Three Armed Carjackings

Red Lake Nation News

ST. PAUL, Minn. – A Minneapolis man has been sentenced to 121 months in federal prison, three years of supervised release, and ordered to pay $1,100 in restitution to the victims of three violent carjackings committed within a 24-hour period in March 2023, announced U.S. Attorney Andrew M. Luger.

Details >
02/06/2024

SWAT sniper shoots, kills attempted bank robber at Fort Myers shopping mall

Tampa Bay 10

FORT MYERS, Fla. — A SWAT team sharpshooter shot and killed an attempted bank robber at the Bank of America building in Fort Myers' Bell Tower Shops complex.

Details >
02/06/2024

Cybersecurity expert says the next generation of identity theft is here: 'Identity hijacking'

The Street

Deepfake technology — a synthetic representation of a person's likeness — is not new technology. Think Mark Hamill's de-aged return as a young Luke Skywalker in an episode of 'The Mandalorian' in 2019.

Details >
02/06/2024

Real-Time Payments Get Boost From New Partnerships in US and Europe

PYMNTS

Real-time payments have continued their growth in 2024 so far, with several developments unfolding in various countries around the globe. Angola, for one, has taken its initial dive into the real-time payments space a step further.

Details >
02/06/2024

Veterans: Guard against identity theft

FTC

Identity theft can happen in a lot of ways: a stolen wallet, a missing phone, or a hacked online account.

Details >
02/06/2024

Man pleads guilty to using counterfeit checks to defraud Mississippi banks.

Magnolia State Live

A Mississippi man pleaded guilty today to conspiracy to commit bank fraud and aggravated identity theft.

Details >
02/06/2024

Racine man, 65, arrested a day after allegedly robbing Kenosha bank

Kenosha News

Kenosha and Racine police arrested a man a day after he allegedly robbed a bank in the 4300 block of 52nd Street in Kenosha on Friday.

Details >
02/06/2024

Preparing Cybersecurity for the Super Bowl

FORTRA

The 49ers and Kansas City Chiefs aren’t the only ones with a big game to play on February 11th; this year, cybercriminals and cyber defenders will be facing off behind the scenes in a Super Bowl-sized bout of their own.

Details >
02/04/2024

Fla. Man Charged in SIM-Swapping Spree is Key Suspect in Hacker Groups Oktapus, Scattered Spider

Kreebs on Security

On Jan. 9, 2024, U.S. authorities arrested a 19-year-old Florida man charged with wire fraud, aggravated identity theft, and conspiring with others to use SIM-swapping to steal cryptocurrency.

Details >
02/04/2024

Protecting yourself from ACH fraud

KJCT News 8

GRAND JUNCTION, Colo. (KJCT) - In the age of evolving financial fraud, it’s easy to overlook longstanding threats such as the Automated Clearing House.

Details >
02/04/2024

FBI investigating Germantown cyber attack

WREG

MEMPHIS, Tenn. — The City of Germantown reported on social media Friday morning that the city government “is experiencing a malicious cybersecurity incident.”

Details >
02/04/2024

Florida woman used stolen identity for 15 years, obtained nearly $40,000 worth of food stamps: DOJ

Fox 35 Orlando

KISSIMMEE, Fla. - A Kissimmee woman was sentenced to federal prison after stealing someone's identity shortly after she left Puerto Rico back in 2008, the Department of Justice said.

Details >
02/04/2024

Florida woman used stolen identity for 15 years, obtained nearly $40,000 worth of food stamps: DOJ

Fox 35 Orlando

KISSIMMEE, Fla. - A Kissimmee woman was sentenced to federal prison after stealing someone's identity shortly after she left Puerto Rico back in 2008, the Department of Justice said.

Details >
02/04/2024

Lurie Children’s Hospital network outages enter 5th day after cyber attack; call center available

Chicago WGN 9

CHICAGO — The Lurie Children’s Hospital network outages entered a fifth day Sunday following a cyber attack.

Details >
02/04/2024

CLOROX ESTIMATES THE COSTS OF THE AUGUST CYBERATTACK WILL EXCEED $49 MILLION

Security Affairs

Cleaning products giant Clorox estimates the economic impact of the cyber attack that hit the company in August 2023 at $49 million.

Details >
02/04/2024

Wisconsin bank fraud suspect sought to cash fake $2K check: sheriff

Fox 6

MARQUETTE COUNTY, Wis. - The Marquette County Sheriff's Office is looking for a man who they say tried to cash a fraudulent check on Jan. 25 – and may be in southeast Wisconsin.

Details >
02/04/2024

Integris, St. Anthony patients hacked: more ID theft fraud alerts

The Norman Transcript

Last week, we looked at placing “fraud alerts” at various federal agencies, financial institutions, creditors, real estate concerns and public utilities. Those were the next steps to take after placing account “freezes” at all four major credit bureaus.

Details >
01/29/2024

Using Google Search to Find Software Can Be Risky

Krebs on Security

Google continues to struggle with cybercriminals running malicious ads on its search platform to trick people into downloading booby-trapped copies of popular free software applications.

Details >
01/29/2024

Beware of Scams that Hijack Cellphone Accounts: The Importance of Authentication for Businesses and Consumers

JD Supra

Consumers use cell phone numbers to authenticate their identities across a variety of accounts, such as those held with wireless providers, financial institutions, healthcare providers, and retail websites.

Details >
01/29/2024

The Cold Reality of Authorized Push-Payment Fraud

Federal Reserve Bank of Atlanta

I started teaching payment rules, compliance, and risk management in 2007. Back then I used to describe credit-push payments as warm and fuzzy.

Details >
01/29/2024

Man Jailed After AI Facial Recognition Wrongly ID’d Him As Robber: Lawsuit

Huffpost

A Texas grandfather said he was wrongfully accused of multiple armed robberies in a lawsuit filed against Macy’s and Sunglass Hut’s parent company last week.

Details >
01/28/2024

Maryland woman loses $17K in SIM card swap scam despite two-factor authentication | I-Team

WJLA

WASHINGTON (7News) — 7News is asking a security question that deals with your cell phone. How did a Maryland woman lose $17,000 even though she had two-factor authentication on all her accounts?

Details >
01/28/2024

Instant Impact: AI’s Role in Advancing Real-Time Payments

Real-Time Payments

Real-time payments are a boon to consumers and companies alike, but they are not without their hurdles.

Details >
01/28/2024

US suffered cyberattacks from 168 threat actors in 2023

Security Magazine

Critical infrastructure attacks were analyzed in a recent report by Forescout Research. The report found more than 420 million attacks between January and December 2023. That is 13 attacks per second, a 30% increase from 2022

Details >
01/28/2024

Man wanted in check fraud scheme arrested in Black River Falls

WXOW

BLACK RIVER FALLS, Wis. (WXOW) - A man wanted by authorities for setting up fraudulent bank accounts and cashing fake checks in Western Wisconsin is caught in Jackson County.

Details >
01/28/2024

Nevada Gaming Control Board’s website compromised in cyber attack

Readwrite

The Nevada Gaming Control Board, the regulatory body overseeing the state’s gaming industry, has experienced a significant cyber attack, leading to the temporary shutdown of its public-facing website.

Details >
01/28/2024

Wisconsin authorities send eerily similar warning after woman found using fake ID to cash fraudulent checks

We Are Greenbay

MONROE, Wis. (WFRV) – Authorities in Wisconsin are issuing a warning after yet another individual used fake identification to open a bank account and cash fraudulent checks totaling over $11,000.

Details >
01/28/2024

84-year-old scammed out of $707,000 in cashier's checks, gold bars

WISN

WAUKESHA, Wis. — A man has been charged after an 84-year-old woman reported fraud of $707,309 in cashier's checks and gold bars.

Details >
01/26/2024

Card skimmer found at local ATM

The Local Reporter

A bank service technician discovered a card skimmer during routine maintenance on Tuesday, Jan. 23. The card skimmer was disguised as part of a Bank of America ATM at Chatham Crossing shopping center, 11312 US15-501 N, Chapel Hill.

Details >
01/26/2024

Police: Bridgeport man waiting to open a bank account robbed another customer

CT Post

BRIDGEPORT — Kareem Rowe was waiting to open an account at a Main Street bank Sept. 28 when he robbed another customer and fled with more than $9,000, according to police.

Details >
01/26/2024

Elderly Walker County man strangled, beaten during theft of $2,000; daughter, son-in-law charged

Al

A Walker County couple is under arrest on charges they beat and strangled a 76-year-old man.

Details >
01/26/2024

Cedar Rapids Bank Robbery Suspect Arrested in New Orleans

WHO Newsradio 1040

(Cedar Rapids, IA) -- A suspect in a Cedar Rapids bank robbery is in custody.

Details >
01/26/2024

Identity Theft Awareness Week 2024 starts January 29

FTC

You’ve probably heard about identity theft, but have you heard about Identity Theft Awareness week?

Details >
01/26/2024

Who is Alleged Medibank Hacker Aleksandr Ermakov?

Krebs on Security

Authorities in Australia, the United Kingdom and the United States this week levied financial sanctions against a Russian man accused of stealing data on nearly 10 million customers of the Australian health insurance giant Medibank. 33-year-old Aleksandr Ermakov allegedly stole and leaked the Medibank data while working with one of Russia’s most destructive ransomware groups, but little more is shared about the accused.

Details >
01/25/2024

U.S. Attorney O’Shea: U.S. Attorney’s office collects more than $7.5 million in civil and criminal actions in fiscal year 2023

WI Politics

MADISON, WIS. – U.S. Attorney Timothy M. O’Shea announced today that the Western District of Wisconsin collected $7,596,171.74 in criminal and civil actions in Fiscal Year 2023. Of this amount, $5,862,991.16 was collected in criminal actions and $1,733,180.58 was collected in civil actions.

Details >
01/25/2024

Venmo and other payment app theft is ‘skyrocketing,’ Manhattan DA warns

CNN

Venmo, Cash App, PayPal, Zelle and other payment apps may be convenient ways to send cash with a few taps of your smartphone, but they’re a breeding grounds for theft, Manhattan District Attorney Alvin Bragg tells CNN.

Details >
01/25/2024

FINRA Issues 2024 Annual Regulatory Oversight Report

JD Supra

FINRA issued its 2024 Annual Regulatory Oversight Report on January 9, 2024, providing a glimpse into FINRA’s current regulatory oversight of member firms and their registered personnel in 27 topic areas.

Details >
01/25/2024

LOOK OUT Walmart self-checkout warning after concerning device stealing shoppers’ info found attached to kiosks in stores

The U.S. Sun

DETECTIVES from various Northeast Ohio communities are currently conducting investigations into instances of credit card skimmers. Many of these are being discovered on cash registers at Walmart stores in the region.

Details >
01/25/2024

One charged in ATM skimming investigation in Cedar Falls

The Courier

CEDAR FALLS — One person has been charged after bank officials found a skimming device at a Cedar Falls ATM in November.

Details >
01/25/2024

Police: Colorado Springs bank robbery suspects arrested after getaway car leaves them behind

11 News

COLORADO SPRINGS, Colo. (KKTV) - A teenager and a second suspect are in custody after police say they caught them red-handed trying to rob a Colorado Springs bank.

Details >
01/25/2024

Colorado Springs Police arrest two suspects in attempted bank robbery

KRDO

COLORADO SPRINGS, Colo. (KRDO) - The Colorado Springs Police Department (CSPD) is responding to the Key Bank on North Academy.

Details >
01/25/2024

Elderly woman robbed while leaving bank in Joelton

WSMV NBC 4

JOELTON, Tenn. (WSMV) - Police are investigating a robbery outside of a bank involving a 91-year-old woman on Tuesday afternoon in Joelton.

Details >
01/25/2024

Suspect uses fake ID to cash fraudulent checks totaling over $15K in Wisconsin

We Are Greenbay

MENOMONIE, Wis. (WFRV) – Officials in Dunn County are sending out a warning statewide after a suspect used fake identification to open accounts at several banks and cashed fake checks totaling over $15,000.

Details >
01/25/2024

ATM card skimmer suspect caught on camera in Douglas County

KDVR

DENVER (KDVR) — Law enforcement is warning people to be on the lookout after a man was caught on camera trying to install ATM skimmers at a local bank in Douglas County.

Details >
01/25/2024

Mother and son plead guilty in fraud scheme of nearly $3.5 million

41 NBC WMGT

A mother and son pleaded guilty Tuesday to fraud after being caught illegally writing checks from their employer's account.

Details >
01/25/2024

Man sentenced to federal prison for fraud scheme in southern Iowa

Radio Iowa

A Dallas, Texas resident who is a Nigerian national will spend 87 months in federal prison on wire fraud charges involving Iowa businesses.

Details >
01/25/2024

Payment Fraud Attempts on U.S. Businesses Spiked 71% in 2023, According to New Trustpair Research

Business Wire

NEW YORK--(BUSINESS WIRE)--Ninety-six percent of U.S. companies were targeted with at least one fraud attempt in the past year. Ninety percent of those companies were hit with at least one successful attack, according to a new research survey of more than 260 senior finance and treasury leaders.

Details >
01/24/2024

Tapping Into the Future of Payments

PYMNTS

Cash is fast losing its supremacy. Amid the ongoing global rise of digital culture, young consumers are increasingly opting for digital wallets and other payment alternatives, compelling businesses to pivot toward contactless and digital payment methods — and reckon with the digital-forward ethos driving their popularity.

Details >
01/23/2024

FraudGPT and WormGPT, the evil versions of ChatGPT that terrify cybersecurity experts

https://www.gearrice.com/

Artificial intelligence continues to surprise the world with its powerful capabilities and the multiple applications it offers, especially through the support of generative and conversational AI.

Details >
01/23/2024

Venmo and other payment app theft is ‘skyrocketing,’ Manhattan DA warns

CNN

Venmo, Cash App, PayPal, Zelle and other payment apps may be convenient ways to send cash with a few taps of your smartphone, but they’re a breeding grounds for theft, Manhattan District Attorney Alvin Bragg tells CNN.

Details >
01/23/2024

U.S. Attorney’s Office Collects Over $4.5 Million in Restitution for Victims, Criminal Fines, and Other Penalties in Fiscal Year 2023

United States Attorney's Office District of Idaho

BOISE – U.S. Attorney Josh Hurwit announced today that the office’s Financial Litigation Program, which is part of the Asset Recovery Division, collected over $3.5 million in criminal monetary penalties, which includes restitution, fines, and assessments, and in civil debts for the fiscal year that ended September 30, 2023.

Details >
01/22/2024

Colorado pastor faces fraud charges after targeting congregation in alleged $3.2 million cryptocurrency scheme

9 News

A Denver pastor and his wife are accused of creating and marketing "worthless" cryptocurrency, according to the Colorado Securities Commission.

Details >
01/20/2024

VF Corp Says Data Breach Resulting From Ransomware Attack Impacts 35 Million

Security Week

In mid-December, the Denver, Colorado-based company, which owns brands such as Dickies, The North Face, Smartwool, Timberland, and Vans, announced that it took certain systems offline in response to a ransomware attack that impacted its operations.

Details >
01/20/2024

Feds: Former Anchorage mail carrier looted mail to cash fraudulent checks for himself

Alaska's News Source

ANCHORAGE, Alaska (KTUU) - A former Anchorage USPS mail carrier could spend several decades behind bars after being charged with federal fraud and theft offenses.

Details >
01/19/2024

Ask Asa: How to avoid the PayPal transaction scam

WJCL

SAVANNAH, Ga. — If I ask someone what they were thinking when they clicked on an unsolicited text or email, they'll usually concede, "I wasn't thinking anything."

Details >
01/19/2024

Victorian courts reveal cyber-attack targeted files dating back as far as 2016

The Guardian

The cyber-attack that hit Victoria’s court system last year was worse than officials first thought, with hackers accessing years’ worth of recorded hearings from as far back as 2016.

Details >
01/19/2024

Innefu Labs Data Breach: Indian Cybersecurity Firm Falls Victim to Cyberattack

The Cyber Express

The threat actor has encouraged potential buyers to contact privately for proofs and more details, a standard practice in such underground forums.

Details >
01/19/2024

‘It’s a crime. It was fraud’: Woman is out $10,000 after Chase Bank refuses to investigate check scam

WSFA 12

MESA, Ariz. (3TV/CBS 5/Gray News) — A woman in Arizona was the victim of a very sophisticated check-cashing scam.

Details >
01/19/2024

Canadian Man Stuck in Triangle of E-Commerce Fraud

Krebs on Security

A Canadian man who says he’s been falsely charged with orchestrating a complex e-commerce scam is seeking to clear his name.

Details >
01/19/2024

Fiserv seeks special purpose bank charter

Payments Dive

The designation would allow the payment processor to own transactions from end-to-end, removing the need for a bank partner.

Details >
01/19/2024

Stablecoins Gain Ground With Fraudsters Looking to Move Beyond Bitcoin

PYMNTS

Stablecoins have held the promise of serving as a link between the cryptocurrency realm and traditional financial services.

Details >
01/19/2024

FedNow draws some banks, as others lag

Payments Dive

The Federal Reserve is building up bank participation in FedNow, but some big financial institutions remain on the sidelines.

Details >
01/19/2024

Did someone tell you to move or transfer your money? It could be a scam

FTC

Many impersonation schemes start with a call about a routine problem, like suspicious activity in your Amazon account.

Details >
01/19/2024

Alabama Man Charged: Grandparents’ Exploitation and Infant Abuse Allegations Arise

BNN Breaking

Alec Dvorak, a 28-year-old resident of Baldwin County, Alabama, is facing a litany of charges, including financial exploitation of the elderly, elderly abuse/neglect, and child abuse.

Details >
01/19/2024

Fraud Reimbursement Costs Are Likely to Rise for UK Banks Push Payments/Faster

FitchRatings

Fitch Ratings-London-18 January 2024: UK banks are likely to face higher fraud costs due to new legally binding rules from October 2024 that will require them to reimburse customers who fall victim to fraudulent payment scams, Fitch Ratings says.

Details >
01/18/2024

JPMorgan Chase fights off 45 billion hacking attempts each day

CNN Business

New York CNN — JPMorgan Chase now fights off about 45 billion attempts a day by hackers to infiltrate its systems.

Details >
01/18/2024

Biometrics could be a fix for the growing headache of synthetic ID fraud

Biometric Update

Biometrics and digital ID firms are responding to a significant uptick in synthetic identity fraud, which uses generative AI and a combination of stolen and falsified information to create a potent attack vector. As the problem grows, more emphasis will fall on biometric liveness detection.

Details >
01/18/2024

Bank robber stalks teller on social media, threatens to kill teller's family

News 4 San Antonio

AMARILLO, Texas (KVII) — A bank robber stalked a teller on social media before the robbery and threatened to kill the teller's family.

Details >
01/18/2024

FBI advising El Pasoans to beware of “check cooking” scams

KVIA ABC 7

EL PASO, Texas (KVIA) -- According to the FBI, scammers are taking advantage of technological innovations and fine tuning their methods to be more successful in manipulating unsuspecting victims.

Details >
01/18/2024

BG City School District reportedly falls victim to fraudulent cashing of checks

BG Independent News

Bowling Green Police Division is investigating check fraud reported by Bowling Green City School District Treasurer Cathy Schuller.

Details >
01/18/2024

Bravo’s Andy Cohen reveals red flags he missed as scammers duped him, stole his money

Detroit Free Press

One can hear about a long list of too-trusting Grandmas, job-hunters hit by scams, widows hurt when looking for love, and so many others who sadly lost big money to crafty cyber predators.

Details >
01/18/2024

Arizona auditors found $1.8 million in fraud and theft in 2023

AZ Mirror

State audits uncovered more than $1.8 million in theft and fraud in 2023 and led to nearly three dozen criminal charges.

Details >
01/18/2024

Adobe on How Effective Fraud Protection Increases Conversion

PYMNTS

Choosing between fast and secure payments is no longer a question.

Details >
01/18/2024

Coinbase Argues Token Buyers Don’t Acquire Any Rights

PYMNTS

In a Wednesday (Jan. 17) court hearing, cryptocurrency exchange Coinbase Global made a comparison between buying cryptocurrency and collecting Beanie Babies.

Details >
01/18/2024

When It Comes to Customer Experiences, When AI Speaks, Businesses Listen

PYMNTS

To paraphrase author and customer relationship pioneer Martha Rogers, your customers are the most valuable asset your company has. Without them, you don’t have a business. You have a hobby.

Details >
01/17/2024

Treasury and IRS announce that businesses do not have to report certain transactions involving digital assets until regulations are issued

IRS

WASHINGTON — The Treasury Department and Internal Revenue Service today issued an announcement informing businesses that they do not have to report the receipt of digital assets the same way as they must report the receipt of cash until Treasury and IRS issue regulations.

Details >
01/17/2024

Big Lake Woman Pleads Guilty to Wire Fraud in $250 Million Feeding Our Future Fraud Scheme

United States Attorney's Office District of Minnesota

MINNEAPOLIS – A Big Lake woman has pleaded guilty to her role in the $250 million fraud scheme that exploited a federally-funded child nutrition program during the COVID-19 pandemic, announced United States Attorney Andrew M. Luger.

Details >
01/17/2024

E-Crime Rapper ‘Punchmade Dev’ Debuts Card Shop

Krebs on Security

The rapper and social media personality Punchmade Dev is perhaps best known for his flashy videos singing the praises of a cybercrime lifestyle.

Details >
01/16/2024

GitLab Fixes Password Reset Bug That Allows Account Takeover

Security Boulevard

GitLab is releasing a patch to fix a vulnerability in its email verification process that bad actors can exploit to reset user passwords and take over accounts.

Details >
01/16/2024

Man robbing people at gunpoint on Chicago's North Side, transferring money from victims' bank apps

Yahoo News

CHICAGO - Chicago police are warning residents on the North Side about a string of armed robberies in the area.

Details >
01/16/2024

FBI warns of sophisticated 'check cooking' scam for easy, undetected theft

NBC Montana

EL PASO, Texas (KFOX) — According to the FBI El Paso Field Office, scammers are becoming ever more tech-savvy as they fine-tune their methods to successfully manipulate unsuspecting victims.

Details >
01/16/2024

Former New Bedford Man Pleads Guilty to Wire Fraud and Money Laundering Arising From "Romance Scam"

United States Attorney's Office District of Massachusetts

BOSTON – A former New Bedford man pleaded guilty today to wire fraud and money laundering charges involving funds obtained from “romance scam” victims.

Details >
01/16/2024

Critical flaw found in WordPress plugin used on over 300,000 websites

FORTRA

A WordPress plugin used on over 300,000 websites has been found to contain vulnerabilities that could allow hackers to seize control.

Details >
01/16/2024

Utah funds ZeroEyes AI-based gun detection, AEGIX Incident Management across all 1,086 public K-12 schools

Security Info Watch

PHILADELPHIA and SALT LAKE CITY, January 16, 2024 -- ZeroEyes, the creators of the only AI-based gun detection video analytics platform that holds the US Department of Homeland Security SAFETY Act Designation, and AEGIX Global, a Utah-based provider of critical incident management services, today announced that the Utah State Board of Education has approved a contract to provide the joint solution for all Utah public K-12 schools, including charter schools.

Details >
01/16/2024

Cybersecurity Researcher Finds School Shooting Emergency Plans Exposed Online

Campus Safety

More than 4 million records that included emergency planning and security documents from U.S. schools were recently discovered by an ethical cybersecurity researcher.

Details >
01/16/2024

Beware of new CFPB imposter scams

CFPB

This week, we confirmed that scammers are using CFPB employees’ names to try to defraud members of the public. We’ve heard from people, specifically older adults, who received phone or video calls.

Details >
01/15/2024

Scammer pleads guilty to $24M real estate Ponzi scheme in California

The Real Deal

A California man pleaded guilty last week to crimes related to a $24 million real estate Ponzi scheme that spanned almost two decades.

Details >
01/15/2024

What is Identity Threat Detection and Response?

Security Boulevard

Identity Threat Detection and Response (ITDR) remains crucial for preventing unauthorized access and mitigating security breaches

Details >
01/15/2024

FinCEN report on identity fraud in 2021 outlines statistics and processes

JD Supra

On January 9, FinCEN published a report titled “Identity-Related Suspicious Activity: 2021 Threats and Trends” which focuses on patterns in reported Bank Secrecy Act (BSA) data linked to suspicious activity from 2021.

Details >
01/14/2024

5 Big Changes Coming to the Post Office in 2024

AARP

Through snow, rain, heat and gloom of night, the U.S. Postal Service has delivered mail to Americans for nearly 250 years. That core task remains the same, but that doesn’t mean everything stays the same in 2024. 

Details >
01/12/2024

North Carolina County Still Guarding Cyber Attack Details

Government Technology

The Scotland County Board of Commissioners is staying tightlipped about the details surrounding a Dec. 18 cyber incident that cybersecurity officials are still working to get under control.

Details >
01/12/2024

Cyberattacks are having fatal consequences, so the White House wants hospital funding tied to hospital security

Tech Radar

The Biden administration is looking to introduce a policy that will require US hospitals to meet a certain level of digital security, including multi-factor authentication, in order to secure federal funding.

Details >
01/12/2024

'It weighs on my mind': Liberty Hospital cybersecurity incident shines light on cybersecurity in hospitals

41 KSHB Kansas City

KANSAS CITY, Mo. — Healthcare system entities are cybersecurity targets.

Details >
01/12/2024

Man pleads guilty to racketeering charge for role in downtown Minneapolis cell phone ring

KSTP 5 Minneapolis, MN

Another member of what authorities have called a cellphone theft ring that operated in downtown Minneapolis had entered a guilty plea to a racketeering charge.

Details >
01/10/2024

Real-Time Payments Put Spotlight on Small Businesses as New Year Begins

PYMNTS

As the new year begins, the global demand for faster, streamlined transactions continues to fuel the expansion of real-time payments worldwide.

Details >
01/10/2024

Visa Wants to Eliminate Friendly Fraud Without Alienating Honest Consumers

PYMNTS

Friendly fraud is a bit of a misnomer; first-party card misuse would be more accurate.

Details >
01/10/2024

Navigating the risks of ACH payment fraud: Strategies for business safety

Fintech Global

Automated Clearing House (ACH) payments are a staple in modern financial transactions, offering a quick and efficient means for businesses and consumers to move money between different financial institutions.

Details >
01/10/2024

Green Bay Check Forger Faces 72 Years in Prison

Seehafernews.com

A Green Bay woman is facing 72 years in prison after being arrested on thirteen charges after a string of checks were proven to be forged.

Details >
01/10/2024

Man robbed after withdrawing $40,000 from bank at Public Square

News 5 Cleveland

The Cleveland Division of Police is investigating after a man went to Dollar Bank near Public Square and withdrew $40,000 in cash only to be robbed at gunpoint by three men waiting for him when he exited the building.

Details >
01/10/2024

Here's some Bitcoin: Oh, and You've Been Served

Krebs on Security

A California man who lost $100,000 in a 2021 SIM-swapping attack is suing the unknown holder of a cryptocurrency wallet that harbors his stolen funds.

Details >
01/09/2024

When Fraud Hits Again and Again

AARP Fraud Watch

This is a great article about scams.

Details >
01/08/2024

Larger FIs More Likely to Use AI and ML to Fight Financial Crime

PYMNTS

Financial institutions (FIs) are increasingly recognizing the importance of fraud-fighting technologies as they confront more sophisticated fraud and financial crimes.

Details >
01/08/2024

Predictive Intelligence: A Game-Changer in Mitigating Fraud Attacks on Payments

Payments Journal

The surge of faster payments systems has inadvertently paved the way for a surge in fraudulent attacks. With new technology and faster payments coming to the forefront, fraudsters are tapping into vulnerabilities found within these schemes.

Details >
01/07/2024

4 Sure Ways To Shut Down Robocall Theft And Fraud

Forbes

If I had to make a confident prediction for 2024, I wouldn’t say a word about the markets or inflation. I would be pretty sure that there will be more robocall scams.

Details >
01/07/2024

CoinsPaid Suffers $7.5M Crypto Theft in Second Cyber Attack

The Crypto Times

CoinsPaid faces its second breach, losing $7.5 million in crypto after a $37.3 million hack in July 2023.

Details >
01/07/2024

British Library ransomware cyber attack ‘set to cost £7million’

The Standard

The British Library may have to spend £7million of its reserves to recover from a crippling cyber attack, according to reports.

Details >
01/07/2024

The grandparent scam hasn’t gone away. But now more young people are being duped by fraudsters, expert says.

Daily Herald

From his office in Rosemont, Ray Olsen oversees fraud prevention and detection for Wintrust Financial Corp.’s network of 15 community banks, where much of his staff’s attention traditionally has been devoted to combating financial exploitation of older customers.

Details >
01/04/2024

Trends 2024: Banks Must Ramp Up Protections as Mobile Fraud Grows

The Financial Brand

Cheat sheet: As banking customers – and younger customers in particular – embrace mobile banking as their channel of choice, the security of that channel is of paramount importance.

Details >
01/04/2024

10 Most Common Types Of Cyber Attacks In 2023

GBHackers on Security

Cyber attacks are evolving rapidly with advancements in technology, as threat actors exploit new vulnerabilities in:-

Details >
01/04/2024

Google password resets not enough to stop these info-stealing malware strains

The Register

Security researchers say info-stealing malware can still access victims' compromised Google accounts even after passwords have been changed.

Details >
01/04/2024

Xerox Confirms Data Breach at US Subsidiary Following Ransomware Attack

Security Week

The incident, the company says, was limited to Xerox Business Solutions US and was contained by its cybersecurity team.

Details >
01/02/2024

Social Security numbers of some Xfinity customers vulnerable in latest data breach: What to know

The Hill

CHICOPEE, Mass. (WWLP) — A major data breach on Comcast-owned Xfinity has affected more than 35 million customers.

Details >
01/02/2024

Brooklyn Park Man Pleads Guilty to $2.3M Romance Fraud Scheme

United States Attorney's Office District of Minnesota

ST PAUL, Minn. – A Brooklyn Park man has pleaded guilty to facilitating a national romance fraud scheme, announced U.S. Attorney Andrew M. Luger.

Details >
01/02/2024

BBB Scam Alert: ‘Tis the season to donate, and scammers are taking advantage

Rural Radio

With so many purchases during the holiday season, it can be easy to miss a fraudulent credit card charge or two – especially if it appears to be from a charity. Keep a close eye on your credit card statement this time of year.

Details >
01/02/2024

Biometrics in 2023: Reshaping Authentication, Igniting Debates and Driving Innovation

PYMNTS

In a digital landscape increasingly defined by the surge of online and mobile shopping, consumer demand for flexible, secure and convenient ways to authenticate transactions is at an all-time high.

Details >
01/02/2024

FTC Warns Against QR Code Scams: A Gateway to Identity Theft

BNN

QR codes, those familiar black and white squares that have become ubiquitous in our daily lives, are under scrutiny by the Federal Trade Commission (FTC).

Details >
01/02/2024

The Impact of AI-Generated Synthetic Fraud on Finance

ABA Banking Journal

Fake people are having a major impact on our real world. AI technology has empowered even the most elementary of fraudsters with sophisticated tools that allow them to piecemeal real-looking identities, creating havoc for businesses across all verticals.

Details >
12/29/2023

ATM skimming device found at Lake Forest Bank of America

ABC 7 Eyewitness News - Chicago

LAKE FOREST, Ill. (WLS) -- A skimming device was found at a Bank of America ATM in Lake Forest, police said.

Details >
12/29/2023

2 men arrested in Fairfax Co. for ‘fraud ring’ involving altered gift cards

WTOP News

Two men were arrested and charged for altering gift cards at two Target stores in Virginia as part of a “complex fraud ring,” according to Fairfax County police.

Details >
12/28/2023

Resident nearly loses $30K in alleged check-washing case

Fox 29 WFLX

After months of covering a series of checking washing cases allegedly tied to a Boynton Beach post office, WPTV is learning of a new case.

Details >
12/27/2023

Job scams targeting college students are getting personal

FTC

If you’ll be seeing college-age relatives over the holidays, warn them about a variation on the “job interview” scam that students looking for summer or permanent employment have reported to us.

Details >
12/27/2023

3 Ways to Recover Your Savings After Identity Theft

The Ascent A Motley Fool Service

Identity theft is an increasingly common crime, but that doesn't make it any less upsetting.

Details >
12/26/2023

Why passkeys will replace password

Fintech Nexus

While more people are shopping online, they are increasingly concerned about their digital security. Might passkeys be the answer? Quintin Stephen believes they will help.

Details >
12/26/2023

Minnesota man pleads guilty in $2.3M romance fraud scheme targeting mostly elderly victims

Fox 9 KMSP

ST. PAUL, Minn. (FOX 9) - A Brooklyn Park man pleaded guilty on Wednesday to his role in a national romance fraud scheme targeting mostly elderly people.

Details >
12/26/2023

BBB Tip: The naughty list — BBB’s 12 scams of Christmas

OA Online

With 2023 quickly winding down, Better Business Bureau has compiled our naughty list of the top 12 scams of Christmas

Details >
12/26/2023

Reshaping the Future: Why Gen AI’s Creative Power Calls for Strategic Oversight

PYMNTS

With the widespread emergence of OpenAI’s large language model-based ChatGPT platform in late 2022, a considerable amount of public attention and private capital have been showered on generative artificial intelligence over the past year.

Details >
12/26/2023

What 17 Payments Experts Expect From Instant Payments in 2024 and Beyond

PYMNTS

2023 stands out as a banner year for instant payments.

Details >
12/26/2023

Interagency Statement for Banks on the Issuance of the Beneficial Ownership Information Access Rule

FDIC

The Federal Deposit Insurance Corporation, the Board of Governors of the Federal Reserve System, the National Credit Union Administration, the Office of the Comptroller of the Currency, State bank and credit union regulators, and the Financial Crimes Enforcement Network (FinCEN) are issuing an interagency statement for banks regarding the beneficial ownership information Access Rule.

Details >
12/26/2023

Hang up on PCH impersonators

FTC

Have you gotten a call about a prize for a contest you never entered?

Details >
12/21/2023

Anti-Fraud Measures Need to Work at the Speed of Instant Payments

PYMNTS

The financial landscape is constantly in flux — and now it’s getting a little faster.

Details >
12/21/2023

QR code attacks probably aren’t coming for your scan-to-order menus

Engadget

QR code-based phishing attacks appear to be on the rise. For this “new” hacking vector, someone gets a phishing email asking them to scan a QR code, that code redirects to a malicious link (usually to steal credentials) and an account takeover occurs.

Details >
12/21/2023

Personal information compromised after data breach at major mortgage company

Yahoo News

Channel 11 has learned that 14.7 million homeowners are impacted by the Mr. Cooper data breach. It impacts those who currently use the mortgage company as well as former customers.

Details >
12/21/2023

After-Incident Reports Turn Cyber Breaches Into Blueprints for Future Security

PYMNTS

In today’s digitized and hyper-fast world, cyberattacks and the threat of security breaches abound.

Details >
12/21/2023

Those iconic blue mail collection boxes are getting a high-tech makeover

AOL News

The U.S. Postal Service is cracking down on mail theft this holiday season and beyond by installing 12,000 advanced security blue collection boxes in high-risk areas around the country.

Details >
12/21/2023

Roseville MN police arrest 5 following ATM theft, standoff

KSTP 5 Minneapolis, MN

Roseville police say an ATM theft at Great Southern Bank led to an hours-long standoff in the city early Tuesday morning and ended with five people being taken into custody.

Details >
12/21/2023

Keep your money safe from gift card scammers this holiday season. Here’s how

FTC

What’s one way to keep your money safe from scammers during the holidays? If you’re in the check-out line buying gift cards, make sure they’re for gifts.

Details >
12/20/2023

COMMENTARY: Payments Fraud Is Unrelenting. So Are the Hidden Battles Against It

Digital Transactions

The digital revolution in payments, characterized by a surge in online transactions and the emergence of novel payment technologies, has been a double-edged sword.

Details >
12/20/2023

West Allis man charged with defrauding over $50,000 from Educators Credit Union in scheme

Milwaukee Journal Sentinel

A 26-year-old West Allis man is facing serious charges after being accused of defrauding Educators Credit Union out of more than $53,000.

Details >
12/20/2023

Why Instant Payments Will Go Viral With Each New ‘Aha’ Moment

PYMNTS

Jon Budd, CEO of Juniper Payments, a PSCU company, said instant payments, over the long term, will see a blossoming of use cases and demand from financial institutions’ corporate and consumer clients.

Details >
12/18/2023

Holiday shoppers warned of disturbing gift card scam likely padding Chinese bank accounts

Fox News

The Sacramento County Sheriff’s Office is warning the public of a disturbing and "very sophisticated" gift card scam that has national and international implications.

Details >
12/18/2023

Visa’s Provisioning Intelligence Service Wages War Against $450 Million in Token Fraud

PYMNTS

The value of tokenization — where sensitive information is replaced by unique algorithmically generated numbers and letters — has gained wide acknowledgement in commerce.

Details >
12/18/2023

‘Bank jugging’ strikes Virginia Beach VA, Wells Fargo

News Nation Now

VIRGINIA BEACH, Va. (WAVY) — The nationwide criminal trend of bank jugging has hit home.

Details >
12/18/2023

This is how to protect your credit and bank cards from getting hacked

Fox News

The holiday season is a time of joy and generosity, but also a time of increased risk for your credit and bank cards.

Details >
12/18/2023

DOJ Announces Crackdown on Networks That Steal Money from Consumer Accounts and Use Fraudulent “Microtransactions” to Hide the Activity from Banks – Includes a South Lake Tahoe Man and a Poway CA

goldrushcam.com

December 16, 2023 - The Justice Department announced on Friday a collection of cases against fraud networks that steal money from consumers and use deceptive tactics to conceal illicit activity from financial institutions, thereby allowing that illicit activity to continue.

Details >
12/18/2023

Consumers Experience Fraud Attempts via Phone Calls Multiple Times Per Week – Research Report

Crowdfund Insider

“Who’s calling now?” has become a “ubiquitous” question and a “sign of the times” for mobile users as fraud and spammers repeatedly target consumers through their phones.

Details >
12/15/2023

Ten Years Later, New Clues in the Target Breach

Krebs on Security

On Dec. 18, 2013, KrebsOnSecurity broke the news that U.S. retail giant Target was battling a wide-ranging computer intrusion that compromised more than 40 million customer payment cards over the previous month.

Details >
12/14/2023

Real-Time Payments Set to Replace Checks, ACH in the Manufacturing Industry

PYMNTS

The manufacturing industry is on the verge of a major transformation in payment practices, PYMNTS Intelligence revealed.

Details >
12/14/2023

CRIME 5 arrested following overnight ATM robbery in Roseville

CBS News Minneapolis

ROSEVILLE, Minn. — Five people were arrested early Tuesday morning after they allegedly stole from an ATM in a Roseville bank.

Details >
12/12/2023

Face-Scanning Technology Becomes Focus of EU’s AI Act Negotiations

PYMNTS

European Union (EU) negotiators are reportedly engaged in discussions to establish the most comprehensive regulation of artificial intelligence (AI) in the western world.

Details >
12/11/2023

How to spot the latest job scams

FTC

Scams can be hard to spot because they often look just like the real thing. That includes job scams. They crop up on real job sites, including places like LinkedIn.

Details >
12/11/2023

Minnesota Attorney General charges 3 in $11M Medicaid fraud case

Fox 9 KMSP

MINNEAPOLIS (FOX 9) - Three people were charged on Thursday in an alleged scheme to defraud Minnesota’s Medicaid program, according to Minnesota Attorney General Keith Ellison.

Details >
12/11/2023

Victim turned victimizer: Prison for Minnesota woman whose pandemic aid and romance schemes snared $1.8M

Star Tribune

A Minnesota woman is going to prison for her role in a global fraud scheme that first duped her and then scammed others around the country out of more than $1.8 million through romance fraud schemes and pandemic aid programs.

Details >
12/10/2023

Can Someone Hack a Zelle Account With a Phone Number?

The Stock Dork

In today’s technologically advanced world, the convenience of online banking and transactions has become an integral part of our lives.

Details >
12/10/2023

Charges filed in New Orleans against man recruited to play out fake ID bank fraud scheme

Nola.com

Federal authorities in New Orleans have filed criminal charges against a formerly homeless man who told investigators he was recruited to carry out a multistate financial fraud.

Details >
12/10/2023

How “pig butchering” scams have emerged as a billion-dollar crypto industry

Thomson Reuters

Regulators are finding more evidence of widespread "pig butchering" scams in the crypto industry that are leaving a trail of fleeced victims behind

Details >
12/08/2023

Member of 'Clear Gods' group pleads guilty in $28M cellphone upgrade fraud scheme

Detroit Free Press

He was part of a group that federal prosecutors said dubbed itself the "Clear Gods."

Details >
12/08/2023

OCC Says Use of AI in Banking Is Emerging Risk

PYMNTS

The federal banking system remains sound but faces credit, market, operational and compliance risks, according to the Office of the Comptroller of the Currency (OCC).

Details >
12/08/2023

Venmo No Longer Accepted on Amazon in January

PYMNTS

Amazon is set to stop taking payments via PayPal-owned Venmo in the coming weeks.

Details >
12/08/2023

BlackSuit ransomware - what you need to know

Tripwire

A cybercriminal group calling itself BlackSuit has claimed responsibility for a series of ransomware attacks, including breaches at schools in central Georgia.

Details >
12/07/2023

What are the Cyber Attacks on IoT Devices?

Global Cyber Security Association

In today’s interconnected world, the Internet of Things (IoT) has become an integral part of our daily lives

Details >
12/07/2023

QR Code Phishing –What Is It?

Tripwire

Phishing is a longstanding danger of the digital world that most people are aware of. Whether it happens via email, text message, social media, or any other means, phishing presents a risk to all users.

Details >
12/06/2023

ICANN Launches Service to Help With WHOIS Lookups

Krebs on Security

More than five years after domain name registrars started redacting personal data from all public domain registration records, the non-profit organization overseeing the domain industry has introduced a centralized online service designed to make it easier for researchers, law enforcement and others to request the information directly from registrars.

Details >
12/06/2023

10 Essential Cybersecurity Tips For Your Organization This Holiday Season

Tripwire

The holiday season is just around the corner; a time of joy and celebration. However, threat actors anticipate this joyous season as much as it is by many festive revelers.

Details >
12/05/2023

Mobile payment fraud increased in 2023

Security Magazine

According to a recent report from BioCatch, mobile banking rates increased to 73% in 2023. This rise has also led to a surge in fraud executed from mobile devices, rising from 47% in 2022 to 61% in 2023.

Details >
12/05/2023

Mobile Emulators Eclipse Bots in 2023 as Preferred Fraud Vector in North America

Cision PR Newswire

NEW YORK, Dec. 4, 2023 /PRNewswire/ -- BioCatch, the global leader in digital fraud and money laundering detection and response powered by behavioral biometric intelligence, today unveiled its 2023 Digital Banking Fraud Trends in North America report.

Details >
12/05/2023

Most Americans think they can spot a scam, but Citi study reveals otherwise

Investment News

Being aware of the potential of financial scams is an essential life skill these days but being overconfident leaves millions of American adults vulnerable to fraud or identity theft.

Details >
12/05/2023

5 Steps To Protect Your Digital Identity During The Holidays

Forbes

Data breaches involving individuals, governments, and businesses are on the rise.

Details >
12/05/2023

FinCEN Alert on COVID-19 Employee Retention Credit Fraud

FinCEN

WASHINGTON—Today, the Financial Crimes Enforcement Network (FinCEN), in close coordination with the Internal Revenue Service Criminal Investigation (CI), issued an alert to financial institutions on fraud schemes related to the COVID-19 Employee Retention Credit (ERC).

Details >
12/04/2023

Order and share FREE fotonovelas to help your community avoid scams

FTC

Talking about scams is one of the best ways to protect yourself, your loved ones, and your community against scammers. You don’t have to be an expert, especially with tools to help get the conversation started.

Details >
12/04/2023

CFPB Orders Bank of America to Pay $12 Million for Reporting False Mortgage Data

CFPB

WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) today ordered Bank of America to pay a $12 million penalty for submitting false mortgage lending information to the federal government under a long-standing federal law.

Details >
12/04/2023

Amazon’s One palm biometrics readers for businesses get a lukewarm introduction

Biometric Update

A contactless palm biometric service from Amazon reportedly is being adopted by a few organizations, one of which is an Amazon unit.

Details >
12/04/2023

Five Months in, FedNow Is ‘Doing What It Was Planned to Do’

PYMNTS

Five months since the FedNow® Service launched, Miriam Sheril, head of product, U.S. at Form3, told PYMNTS, there are some encouraging signs.

Details >
12/04/2023

Nearly 40% of Millennials Want More Visible Security Measures for Routine Transactions

PYMNTS

In today’s digital age, security is a top concern for consumers, especially when it comes to financial transactions, regardless of their frequency — be it routine or sporadic.

Details >
12/04/2023

Okta: Breach Affected All Customer Support Users

Krebs on Security

When KrebsOnSecurity broke the news on Oct. 20, 2023 that identity and authentication giant Okta had suffered a breach in its customer support department, Okta said the intrusion allowed hackers to steal sensitive data from fewer than one percent of its 18,000+ customers. But today, Okta revised that impact statement, saying the attackers also stole the name and email address for nearly all of its customer support users.

Details >
12/04/2023

Coon Rapids Man Sentenced to Prison for $1.3M Romance Fraud Scheme that Targeted Elderly Victims

US Attorney's Office District of Minnesota

ST. PAUL, Minn. – A Coon Rapids man has been sentenced to 36 months in prison, three years of supervised release, and required to pay $1,356,995 in restitution for a romance fraud scheme that targeted elderly victims, announced U.S. Attorney Andrew M. Luger.

Details >
12/04/2023

Companies With AI-Driven Strategies Outcompete Peers, Study Finds

PYMNTS

The payments industry has been a latecomer to the financial technology revolution. Many companies still use legacy accounts receivable (AR) processes marked by an overwhelming reliance on manual procedures. Now, the industry is at a crossroads, facing a technological advancement that promises to leave no sector untouched: artificial intelligence (AI). The technology’s potential benefits read like an AR team’s wish list — and the reality is not far off.

Details >
12/03/2023

Staples Confirms System Outage Was Due to Cyber Attack, Raising the Possibility of a Data Breach

JD Supra

Earlier this week, Staples, Inc. confirmed that it was the recent victim of a cyberattack, requiring the company to shut down portions of its computer network.

Details >
12/03/2023

FBI warns of rising fraud schemes, urges vigilance

WWLP

SPRINGFIELD, Mass. (WWLP) – Fraud schemes targeting the elderly are on the rise across the country.

Details >
11/30/2023

Digital wallets and the rise of the identity trojan

Cybernews

The “wallet wars” have been heating up lately as vendors galore enter the identity wallet space. This notion of identity wallets has been bubbling up for a few years, brought about by the self-sovereign (or decentralized) identity movement.

Details >
11/30/2023

So an online scam is NOT what you ordered?

FTC

This time of year, you’re probably buying lots of things online. Gifts, decorations, food! But what if something you’ve ordered shows up different than advertised? Or damaged? Or never comes at all? If so, you’re not alone.

Details >
11/30/2023

Cyber Criminals Weaponize SEC’s Future Cyber Disclosure Rules

JD Supra

In a first for both cybersecurity and securities law, a ransomware company filed a complaint with the U.S. Securities and Exchange Commission (“SEC”) against its own hacking victim for failure to disclose the hack itself.

Details >
11/30/2023

This AI Pioneer Says the Tech’s Best Applications Are in Payments

PYMNTS

With knowledge comes power, and that fact is particularly true when using artificial intelligence (AI).

Details >
11/29/2023

Cyber-attack closes hospital emergency rooms in three US states

The Guardian

A cyber-attack has shut down emergency rooms in at least three states, a hospital operator warned on Monday, forcing the organization to divert patients to other facilities.

Details >
11/29/2023

3 suspects arrested with 44 stolen checks, 29 stolen credit card, in $8000 retail theft ring: police

Fox 5 Washington DC

FAIRFAX COUNTY, Va. - The Tyson’s Urban Team apprehended three suspects apart of a retail theft crew from Maryland.

Details >
11/28/2023

Beware of these 5 holiday scams

Cyber Guy

I know you must be very busy these days. You probably have a lot to do, like preparing food, visiting family and friends, and shopping for gifts. Although it’s a fun and festive time of year, it can also be stressful.

Details >
11/28/2023

ID Theft Service Resold Access to USInfoSearch Data

Krebs on Security

One of the cybercrime underground’s more active sellers of Social Security numbers, background and credit reports has been pulling data from hacked accounts at the U.S. consumer data broker USinfoSearch, KrebsOnSecurity has learned.

Details >
11/27/2023

KyberSwap Says Hackers Stole $55m in Crypto

Infosecurity Magazine

Decentralized exchange KyberSwap has become the latest crypto firm to lose millions to digital thieves, after reporting a highly sophisticated cyber-attack.

Details >
11/27/2023

Multiple Healthcare Providers Suffer Thanksgiving Day Cyberattacks

The HIPAA Journal

Cyber actors often time their attacks to coincide with holiday periods when IT staffing levels are likely to be reduced to increase the probability of being able to access networks and exfiltrate data undetected, especially during Thanksgiving weekend.

Details >
11/27/2023

NAME RIDDLE Veteran’s $76k compensation check cashed 24 hours after bank account was opened – but cops stumped by true ID of holder

The Sun

A man has been arrested after attempting to cash a check for tens of thousands of dollars and confusing cops with his identity.

Details >
11/27/2023

Chicago man sentenced for 2021 bank robbery in Rochester

KIMT

ROCHESTER, Minn. – A Chicago man is finally sentenced for robbing a Rochester bank in 2021.

Details >
11/27/2023

How Credit Unions Can Avoid the Pinch of Fraud Liability in an Era of Instant Payments

CU Times

Members demand fast, easy and convenient experiences, but what happens when transactions go wrong? When a member is a victim of fraud, what starts as a convenient experience can quickly turn difficult, exposing credit unions to a financial hit.

Details >
11/27/2023

Credit card skimming on the rise for the holiday shopping season

Malwarebytes Labs

As we head into shopping season, customers aren’t the only ones getting excited. More online shopping means more opportunities for cybercriminals to grab their share using scams and data theft.

Details >
11/25/2023

Humanity to OpenAI Board: You’re Fired!

PYMNTS

The last time I wrote about governance was in the summer of 2016. The United Kingdom had put a decision to exit the European Union to a popular vote. Brexit squeaked through in a heated process with much misinformation. It will all be a piece of cake, it was said.

Details >
11/25/2023

UK Government Says Country Needs Open Banking Alternatives to Visa and Mastercard

PYMNTS

The U.K. risks falling behind other nations unless it can create an alternative to its Faster Payment Service.

Details >
11/25/2023

Biometrics May Be Online Retail’s Ticket to More Sales

PYMNTS

Retailers are leveraging innovative solutions, such as biometrics, to enhance convenience, security and personalized services in their day-to-day business.

Details >
11/25/2023

Crypto scam: Inside the billion-dollar ‘pig-butchering’ industry

Reuters.com

Fraudulent crypto investment schemes directed from Asia known as “pig butchering” have become a global billion-dollar industry. But little is known about those who benefit. Reuters traced at least $9 million linked to such scams to an account registered to a well-connected representative of a Chinese trade group in Thailand.

Details >
11/25/2023

40% of Firms See Security, Not Just Speed, as Real-Time Payments Plus

PYMNTS

The demand for real-time payments is soaring, with The Clearing House’s RTP® network, the flagship real-time payment system in the United States, now serving 65% of all demand deposit accounts in the country.

Details >
11/25/2023

Last two Felony Lane Gang members plead guilty in NKY bank fraud scheme

Cincinnati.com The Enquirer

Six people, who authorities say were members of a nationwide crime syndicate, have all been convicted in a scheme to fraudulently withdraw money from banks in Northern Kentucky.

Details >
11/25/2023

Cybersecurity experts report alarming rise in quishing; how to avoid getting scammed

7 Eyewitness News

A new QR code scam known as quishing is on the rise.

Details >
11/19/2023

Identity Theft Statistics

WalletHub

Identity theft is when someone steals and uses your personal information, usually to benefit financially.

Details >
11/19/2023

U.S. Postal Service employee, 2 others arrested in stolen check scheme

WSOC-TV

CHARLOTTE — A U.S. Postal Service employee and two other people have been arrested on federal charges after being accused of being involved in a scheme involving stolen checks worth $24 million, according to the United States Attorney’s Office.

Details >
11/16/2023

Didn't cash your Minnesota rebate check? Keep an eye on your mail

Bring me the News

State officials say they believe many of the rebate checks, which were sent in plain envelopes, were accidentally discarded.

Details >
11/15/2023

Microsoft Patch Tuesday, November 2023 Edition

Krebs on Security

Microsoft today released updates to fix more than five dozen security holes in its Windows operating systems and related software, including three “zero day” vulnerabilities that Microsoft warns are already being exploited in active attacks.

Details >
11/15/2023

Biometric Authentication Tailor-Made for a Digital-First World

PYMNTS

The realm of payments authentication is undergoing a shift.

Details >
11/15/2023

CFPB seeking to regulate large fintech payment processors

CFPB Journal

The Consumer Financial Protection Bureau wants to supervise large nonbanks that offer digital wallets and payment applications.

Details >
11/14/2023

Bitcoin Depot CEO weighs in on new California law

Payments Dive

Bitcoin Depot CEO Brandon Mintz contends a new California law will “create economic challenges” for his company and other crypto ATM operators.

Details >
11/14/2023

CFPB Orders Citi to Pay $25.9 Million for Intentional, Illegal Discrimination Against Armenian Americans

CFPB

Citi hid discrimination by giving consumers false reasons for credit denials

Details >
11/14/2023

Job Scams

FTC

Scammers advertise jobs the same way honest employers do — online (in ads, on job sites, and social media), in newspapers, and sometimes on TV and radio.

Details >
11/14/2023

Only a Third of eCommerce Merchants Know if Fraud Caused a Failed Payment

PYMNTS

Online retailers widely implement anti-fraud tools and strategies — but minimizing false declines while effectively screening out potential fraud is easier said than done.

Details >
11/13/2023

CEOs of crashed tech upstart Bitwise accused of swindling $100M from investors

The Register

The co-founders and co-CEOs of failed startup Bitwise appeared in a California court Thursday accused of cheating investors out of $100 million by making up bank statements and revenue figures.

Details >
11/13/2023

Searching for a job to work remotely? Avoid scams and identity theft

FTC

Found a job listing to telework as a Spanish translator or a data entry clerk with great benefits and pay? Scammers are impersonating real employers on legitimate platforms like ZipRecruiter and Indeed. When you respond, they might even schedule interviews and send you paperwork that looks legit. But it’s all a scam to get your information and steal your money or your identity. Here’s how to know you’re dealing with a scam.

Details >
11/13/2023

Check Fraud: A Low-Tech and Increasingly Common Crime

The Federal Reserve FedPayments Improvement

The Federal Reserve’s longstanding commitment to combat fraud and build awareness includes providing education on fraud trends and improving the security of all payments. One form of payment in particular – checks – is seeing a sizable increase in fraudulent appeal.

Details >
11/13/2023

How an Exchange Framework Can Accelerate Adoption of B2B Instant Payments

The Federal Reserve FedPayments Improvement

The world is moving fast. From same-day e-commerce delivery to instant streaming services, technological advancements have improved digitalization across multiple industries. This is also true for payments.

Details >
11/13/2023

Massive Surge in Security Breaches of Pensions Prompt Questions

FORTRA

A recent report from RPC has revealed that cybersecurity breaches in UK pension schemes increased by 4,000% from 2021/22 to 2022/23.

Details >
11/13/2023

A Scary Story of Group Policy Gone Wrong: Accidental Misconfigurations

FORTRA

In the world of cybersecurity, insider threats remain a potent and often underestimated danger.

Details >
11/13/2023

6 Common Phishing Attacks and How to Protect Against Them

FORTRA

Phishing is still as large a concern as ever. “If it ain’t broke, don’t fix it,” seems to hold in this tried-and-true attack method.

Details >
11/12/2023

Fighting Fraud: How criminals try to bypass two-factor authentication

Local 12

CINCINNATI (WKRC) - Many of us use two-factor authentication to better protect our bank account or online information.

Details >
11/12/2023

A major cyber attack: $3.5 Trillion Loss can occur!

Security Boulevard

In our increasingly interconnected world, cyberattacks pose a serious concern, and the potential financial damage of these attacks is more surprising now than in the past.

Details >
11/12/2023

St. Paul man on probation for bank robbery hits another bank, a pharmacy and a convenience store (twice)

INFORUM

Michael Dashon Wise, 49, was released from federal prison in 2020 and put on supervised probation for five years

Details >
11/12/2023

BBB Study: Young adult scams surpass older age groups

Carriage Towne News

MARLBOROUGH, MA — People ages 18-24 reported losing more money to scams than older age groups, according to a new report published by the BBB Institute for Marketplace Trust (BBB Institute), the International Association of Better Business Bureaus’ educational foundation.

Details >
11/12/2023

It’s Still Easy for Anyone to Become You at Experian

Krebs on Security

In the summer of 2022, KrebsOnSecurity documented the plight of several readers who had their accounts at big-three consumer credit reporting bureau Experian hijacked after identity thieves simply re-registered the accounts using a different email address.

Details >
11/10/2023

Boeing Confirms Cyber Attack After LockBit Ransomware Threatened to Leak Data

CP Magazine

American aviation and aerospace giant Boeing is investigating a cyber attack claimed by the Russian LockBit ransomware group

Details >
11/10/2023

A major cyber attack: $3.5 Trillion Loss can occur!

Security Boulevard

In our increasingly interconnected world, cyberattacks pose a serious concern, and the potential financial damage of these attacks is more surprising now than in the past.

Details >
11/10/2023

Several new fraud alerts issued to residents across Florida

Fox 35 Orlando

Between Facebook Marketplace, Zelle, and even traditional phone calls – scammers are preying on Florida residents.

Details >
11/10/2023

Costa Rica's $6 million National Bank heist was an inside job, authorities say

ABC News

SAN JOSE, Costa Rica -- Little by little an employee of Costa Rica’s National Bank took advantage of a surveillance blindspot to slip more than $6 million worth of currency into envelopes and casually walk out of the country’s largest bank, authorities said Wednesday.

Details >
11/10/2023

Credit Repair Firms Driving $20B Synthetic ID Fraud Crisis

Gov Info Security

The ongoing battle against synthetic identity fraud has reached a critical point, as credit repair companies now play a major role in exacerbating this pervasive form of fraud.

Details >
11/10/2023

Police search for suspect involved in Best Buy identity theft incident

WTVM

OPELIKA, Ala. (WTVM) - Police search for a suspect in an identity theft incident at Best Buy in Opelika.

Details >
11/10/2023

What We Know After 6 Years of Asking Consumers About Receiving Instant Payments

PYMNTS

In the last year, 62% of consumers received disbursements from various corporate and government agencies, with the average consumer receiving $34,000.

Details >
11/10/2023

What 23 Payments Executives Shared About Tomorrow’s Most Promising Innovations

PYMNTS

Only experts and insiders can truly know what the next great payments innovations will be.

Details >
11/07/2023

Johnson City police release photos of bank robbery suspect

News Channel 11, wjhl.com

JOHNSON CITY, Tenn. (WJHL) – The Johnson City Police Department (JCPD) is investigating after a reported bank robbery Monday morning.

Details >
11/07/2023

2 men indicted for alleged bank robbery spree across Chicago area

WGNTV

CHICAGO — Two men face federal charges for their alleged role in a string of bank robberies across the Chicago area, prosecutors announced Monday.

Details >
11/07/2023

Financial Services Fraud Is up 39% from 2019, Says a TransUnion Report

Digital Transactions

Fraud at call centers operated by financial services organizations increased 39% from 2019 to 2022, according to new data from TransUnion LLC.

Details >
11/07/2023

Financial Sector Prepares for New Payment Security Guidelines

Global News & Analysis

With increasingly digital payment methods, financial institutions are working to protect consumer data. Financial crimes such as synthetic identity fraud have grown easier with the development of artificial intelligence (AI).

Details >
11/07/2023

SCSO Arrests Five on Racketering, Identity Theft Charges

Sarasota County Sheriff's Office

The Sarasota County Sheriff's Office (SCSO), working jointly with the Florida Department of Law Enforcement (FDLE), arrested Sammy David Nelson, 39, and Brittany Alexandria Nelson, 34, both of Margate; Jerome Dale Senior II, 41, of Plantation; Linda Joyce Hugley, 65, of Lauderdale Lakes; and Karlyn Marketa Campbell, 39, of Pompano Beach – all members of the Nelson Group.

Details >
11/06/2023

Businessman sentenced in $180 million bank fraud that paid for lavish lifestyle, classic cars

AP News

CLEVELAND (AP) — A businessman who orchestrated a $180 million check-kiting scheme and used the proceeds to live a lavish lifestyle and amass one of the world’s most revered classic car collections has been sentenced to more than eight years in prison.

Details >
11/06/2023

Southern Pine Credit Union President and Controller Plead Guilty to Bank Fraud

United States Attorney's Office Middle District of Georgia

VALDOSTA, Ga. – The former President and the former Controller of Southern Pine Credit Union in Valdosta both pleaded guilty to long-running multimillion-dollar bank loan and aggravated identity theft schemes.

Details >
11/06/2023

Over 70% of Consumers Do Not Believe Real-Time Payments Are Truly Instant

PYMNTS

Consumers are increasingly embracing the immediacy and transparency offered by real-time payments. And the migration to ISO 20022, a new global standard for secure and efficient messaging between financial institutions (FIs), is expected to further accelerate this trend.

Details >
11/06/2023

Parents are stealing their children’s identities to access debt—and destroying their kids’ credit scores in the process

Yahoo Finance

When Axton Betz-Hamilton set up her first utility bill at college, she soon realized something was very, very wrong.

Details >
11/06/2023

’Tis the Season for Fraudsters and Gift Card Scams

PYMNTS

The holidays are upon us, and gift cards remain a favorite to give and receive.

Details >
11/06/2023

Who’s Behind the SWAT USA Reshipping Service?

Krebs On Security

Last week, KrebsOnSecurity broke the news that one of the largest cybercrime services for laundering stolen merchandise was hacked recently, exposing its internal operations, finances and organizational structure.

Details >
11/06/2023

Nigerian National Pleads Guilty to Multi-Million Dollar Cyber Fraud Scheme Targeting Tulsa Company and Four Other Companies

United States Attorney's Office Northern District of Oklahoma

TULSA, Okla. – A Nigerian national pleaded guilty Tuesday to wire fraud and transportation of stolen property in federal court, announced U.S. Attorney Clint Johnson.

Details >
11/06/2023

Russian Reshipping Service ‘SWAT USA Drop’ Exposed

Krebs on Security

One of the largest cybercrime services for laundering stolen merchandise was hacked recently, exposing its internal operations, finances and organizational structure.

Details >
11/06/2023

Over 70% of Consumers Do Not Believe Real-Time Payments Are Truly Instant

PYMNTS

Consumers are increasingly embracing the immediacy and transparency offered by real-time payments.

Details >
11/01/2023

Humans are still better than AI at crafting phishing emails, but for how long?

Help Net Security

Humans are still better at crafting phishing emails compared to AI, but not by far and likely not for long, according to research conducted by IBM X-Force Red.

Details >
11/01/2023

Russian Hackers Breached 632,000 DOJ And Pentagon Email Addresses In Massive MOVEit Cyberattack, Report Says

Forbes

The email addresses of about 632,000 employees from the Justice and Defense departments were accessed in a hack earlier this year, Bloomberg reported Monday, adding to the number of organizations—including airlines, universities and other U.S. agencies—impacted by a series of data breaches largely blamed on a Russian-speaking criminal group.

Details >
11/01/2023

Jury finds Hawaii couple guilty for stealing identities of dead babies

Hawaii News Now

HONOLULU (AP) - A jury has convicted a Hawaii couple of conspiracy, passport fraud and identity theft for stealing identities and living for decades under the names of dead babies.

Details >
11/01/2023

Young people hardest hit by scams according to BBB report

Fox 13 Salt Lake City

SALT LAKE CITY — It's a common stereotype that older people are easy targets for con artists, but a new report from the Better Business Bureau People found that people ages 18-24 reported losing more money to scams than older age groups.

Details >
11/01/2023

Dallas County officials reported Tuesday on their defense against a cyber attack

Dallas County

Dallas County officials said Tuesday that a cyber attack they now confirm was detected on October 19 has been contained with no closure of services.

Details >
11/01/2023

Trial set in identity theft case

Leader Telegram

EAU CLAIRE — A February trial is scheduled for a woman facing seven courts of identity theft in Eau Claire.

Details >
10/31/2023

Scammers are impersonating FTC Inspector General Andrew Katsaros

FTC

Scammers are using the names of FTC employees, including the FTC’s Inspector General, to trick people into sending money or giving up their personal information. Here’s what you need to know.

Details >
10/31/2023

The Rising Role of Cybersecurity in ESG and How Companies Are Taking Action

Sustainability.com

In today’s data-driven world, cybersecurity has emerged as one of the biggest threats to the global economy and is one of the top risks facing businesses worldwide.

Details >
10/31/2023

"Superman" Bank Robbery Suspect Captured in Alabama

Country 94.7 KTTS

(KTTS News) — A man from Mississippi has been charged with robbing a Springfield bank.

Details >
10/31/2023

.US Harbors Prolific Malicious Link Shortening Service

Krebs on Security

The top-level domain for the United States — .US — is home to thousands of newly-registered domains tied to a malicious link shortening service that facilitates malware and phishing scams, new research suggests.

Details >
10/31/2023

.US Harbors Prolific Malicious Link Shortening Service

Krebs on Security

The top-level domain for the United States — .US — is home to thousands of newly-registered domains tied to a malicious link shortening service that facilitates malware and phishing scams, new research suggests.

Details >
10/30/2023

10 things you should never keep on your mobile to avoid fraud and data theft

Tech World

.Nowadays, it is very common to save all types of information on your mobile, from photos and videos to important personal documents. However, storing certain types of data can be dangerous for your privacy and security online.

Details >
10/30/2023

iLeakage Attack: Theft of Sensitive Data from Apple’s Safari Browser

Hack Read

What happens in iLeakage attacks is that the CPU is tricked into executing speculative code that reads sensitive data from memory.

Details >
10/30/2023

A silent crisis: Data breaches are bankrupting small businesses

Citrus County Chronicle

In 2022, the United States witnessed a staggering 1,802 data breach cases, affecting more than 422 million individuals.

Details >
10/30/2023

Rise in global cyberattacks, ransomware threats surge, healthcare and APAC most affected

PYMNTS

According to a recent comparative study by Check Point Research, the first nine months of 2023 and 2022 have witnessed an increase in global cyberattacks. The report reveals that average weekly global cyberattacks rest 3% higher this year as compared to the prior year.

Details >
10/30/2023

Musk Says X Will Be Financial Service Hub by 2024

PYMNTS

Elon Musk reportedly expects X to transform into a payments super app by next year.

Details >
10/29/2023

What you can do when ‘fraud never sleeps’

ABA Risk and compliance Banking Journal

To effectively protect the consumer and the organization, it’s paramount to delve into the human side of financial crime, says Kelly Richmond Pope, an expert in risk, forensic accounting and white-collar crime research.

Details >
10/29/2023

Out-of-state check forgery ring busted by Madison PD

Madison County Journal

MADISON — Five people were arrested last week in a conspiracy involving fraudulent check writing here.

Details >
10/29/2023

CFOs See Instant Payments as ‘Cash Management’ Tool

PYMNTS

The last few months have been ones of marked change for B2B payments, and the rise of embedded finance points the way for what’s to come in 2024 and beyond.

Details >
10/29/2023

Accelerating Account-to-Account Transfers via Real-Time Payments

PYMNTS

Account-to-account (A2A) transfers have seen a renaissance over the past decade as open banking grows more popular. However, in the United States, these bank payments are slower and less efficient than other options. Implementing real-time rails could potentially revolutionize the A2A ecosystem.

Details >
10/29/2023

Risk managers beware – generative AI spells serious concerns for security

Insurance Business Magazine

More than eight in 10 believe that deepfake tech will be used in future cyber attacks

Details >
10/26/2023

Hackers Stole Access Tokens from Okta’s Support Unit

Krebs on Security

Okta, a company that provides identity tools like multi-factor authentication and single sign-on to thousands of businesses, has suffered a security breach involving a compromise of its customer support unit, KrebsOnSecurity has learned.

Details >
10/26/2023

AG Ellison reaches settlement over $2.3B in attempted unauthorized withdrawals

KEYC News Now

ST. PAUL, Minn. (KEYC) - Minnesota Attorney General Keith Ellison reached a multibillion settlement over unauthorized withdrawals.

Details >
10/26/2023

Salt Security Discovers Flaws in Social Login Mechanism Impacting 1000s of Websites and Exposing Billions of Users to Account Takeover

Cision PR Newswire

PALO ALTO, Calif., Oct. 24, 2023 /PRNewswire/ -- Salt Security, the leading API security company, today released new threat research from Salt Labs highlighting API security vulnerabilities uncovered in the social sign-in and Open Authentication (OAuth) implementations of multiple online companies, including Grammarly, Vidio, and Bukalapak.

Details >
10/26/2023

More than 500 potential cyber attacks logged every second, BT says

Independent

More than 46 million signals of potential cyber attacks are spotted by cyber security experts every day around the world, according to new data from BT.

Details >
10/26/2023

There were 11% more ransomware attacks in Q3 than Q2 2023

Security Magazine

A recent global ransomware report by Corvus Insurance found that ransomware attack frequency is up 11% from Q2 and increased 95% year-over-year (YoY). According to the report, the single MOVEit vulnerability accounted for 9% of victims listed in Q2 and 13% of victims listed in Q3.

Details >
10/26/2023

Cyber operations linked to Israel-Hamas fighting gain momentum

Cyberscoop

Amid a flurry of exaggerated claims of cyber attacks, experts caution that attacks on digital systems may intensify as the conflict drags on.

Details >
10/26/2023

CHATGPT'S SCARY GOOD AT GETTING PEOPLE TO CLICK PHISHING EMAILS, IBM FINDS

Futurism

OpenAI's ChatGPT can spit out a poem or write a letter if you're at a loss for words. Or, given the right prompts, you can use it to write a convincing phishing email at unprecedented speed and scale.

Details >
10/26/2023

‘What’s Next’ for Payments in 2024 and Beyond? Citi Says Invisible Payments (Finally)

PYMNTS

With 2024 right around the corner, Vineeth Subramanyam, managing director and global head of Spring by Citi, told Karen Webster that the unstoppable push toward personalization and automation in payments will take a cue from innovations stretching back into the early days of the millennium.

Details >
10/26/2023

ISO 20022, Open Banking Will Transform Cross-Border Payments

PYMNTS

Nilesh Dusane, global head of institutional payments at Amazon Web Services (AWS), told Karen Webster that there’s one common refrain among financial institutions (FIs) and payment companies.

Details >
10/25/2023

American Family Insurance Confirms Reports of Cyber Attack, Raising Consumers’ Concerns Over a Possible Data Breach

JD Supra

Last week, American Family Insurance (“American Family”) confirmed that the recent IT issues the company has been dealing with were due to a cyberattack.

Details >
10/25/2023

September saw a record 153% increase of ransomware attacks, says NCC Group

zdnet.com

With 514 victims falling prey to ransomware in September, it's time every consumer and business started taking this threat seriously.

Details >
10/25/2023

Generation Z Will Help Shape Payments Innovations for Years to Come

PYMNTS

Jacqueline White, president at i2c, told PYMNTS in a recent interview that “what’s next” in payments may be determined by demographics.

Details >
10/25/2023

What’s Next in Payments Security: White Hats vs Black Hats, With AI as a Weapon

PYMNTS

Jeff Hallenbeck, head of financial partnerships at Forter, told PYMNTS that as 2024 dawns, artificial intelligence (AI) will be a technological tool increasingly leveraged by fraudsters — and a tool necessary to beat them too.

Details >
10/25/2023

Regions Financial Sinks Most Since March After Earnings Miss

Bloomberg

Regions Financial Corp. slumped as much as 16% after warning it expects further declines in net interest income as higher rates continue to take a toll on the bank.

Details >
10/20/2023

NJ Settles with ACI Payments, Inc. for Unauthorized Transactions from Mr. Cooper Customer Accounts

Insider NJ

The New Jersey Department of Banking and Insurance and 43 other state financial agencies have reached settlements with ACI Payments, Inc. for erroneously initiating electronic transactions totaling $2.3 billion from the accounts of 480,000 mortgage-holders serviced by the business Mr. Cooper (formerly known as Nationstar Mortgage, LLC).

Details >
10/20/2023

Zumigo introduces QR code for passwordless login

Help Net Security

Zumigo launched a functionality within the Zumigo Assure Authentication product that facilitates the transfer of verified trust from a user’s mobile phone to a desktop, laptop and tablet.

Details >
10/20/2023

Don’t Mail a Check or Other Financial Docs on This Day of the Week

Yahoo Finance

Many people send important financial documents — such as checks, money orders and tax returns — in the mail. While this method might not be as fast as, say, emailing them, it may be more secure.

Details >
10/20/2023

Fighting fraud against older adults

FTC

Protecting older adults is one of the FTC’s top priorities, and a new report to Congress tells how the agency tackled fraud, scams, and other issues affecting older adults over the last year. It’s been a busy year at the FTC, so what are some of the highlights?

Details >
10/20/2023

Marijuana operator gets $22M in loans from Minnesota governmental agencies

MJ Biz Daily

Hwy35, a Missouri-based marijuana operator, secured $22 million in funding from two state agencies in Minnesota as well as a municipality.

Details >
10/18/2023

Navigating Risk and Fraud Management in the World of Bank Transfers

Payments Journal

Digital transformation has accelerated the evolution of financial transactions dramatically in the last decade. Gone are the days when paper checks were the norm, with a recent Philadelphia Fed Study, reporting that since 2009, paper check usage has been dropping by 1.2 billion annually.

Details >
10/18/2023

KC Woman Sentenced for Fraud Schemes, Identity Theft

United States Attorney's Office Western District of Missouri

KANSAS CITY, Mo. – A Kansas City, Mo., woman was sentenced in federal court today for a series of fraud schemes that utilized stolen identity information.

Details >
10/18/2023

The Fake Browser Update Scam Gets a Makeover

Krebs on Security

One of the oldest malware tricks in the book — hacked websites claiming visitors need to update their Web browser before they can view any content — has roared back to life in the past few months.

Details >
10/17/2023

The Clearing House CEO: ‘It’s All About Growing the Real-Time Payments Pie, Not Fighting Over Profits’

PYMNTS

Now in his eighth month as CEO of The Clearing House, David Watson noted to PYMNTS CEO Karen Webster that there’s significant promise — and a long road ahead — for real-time payments in the United States.

Details >
10/17/2023

Tech CEO Sentenced to 5 Years in IP Address Scheme

Krebs on Security

Amir Golestan, the 40-year-old CEO of the Charleston, S.C. based technology company Micfo LLC, has been sentenced to five years in prison for wire fraud.

Details >
10/16/2023

US Banks Brace for Surge in Bad Debt Write-Offs

PYMNTS

The largest U.S. banks are reportedly bracing themselves for a surge in bad debt write-offs, the highest since the early days of the pandemic.

Details >
10/16/2023

Help Your Vendors Safeguard Your Company from Cybercrime

Las Vegas Review-Journal

When it comes to phishing, scams and other types of fraud, bad actors play their villainous roles to near-perfection, and too often, they get a fat paycheck for your trouble. One of the lesser-known avenues for a cyberattack is through what most companies consider trusted allies: the vendors they do business with.

Details >
10/15/2023

ATM worker robbed at Regions Bank in Franklin, FBI, police searching for 2 suspects

WSMV NBC 4

NASHVILLE, Tenn. (WSMV) - Franklin police and the Federal Bureau of Investigation are searching for two suspects after a worker servicing an ATM on Murfreesboro Road was robbed on Thursday afternoon.

Details >
10/15/2023

AARP warns about the rise of smishing

the Farmville Herald

If you have a cell phone, you've probably noticed an increase in text messages from people you don't know.

Details >
10/14/2023

Would-be bank robber asks for keys to vault

WREG.com

MEMPHIS, Tenn. — A man who tried to rob a Cordova bank Tuesday afternoon left without any loot.

Details >
10/14/2023

Two bank workers found safe in vault after being held at gunpoint amid armed robbery

Yahoo News

Two workers at a University Place bank, who were being held at gunpoint, dashed to the vault and locked the door amid a robbery.

Details >
10/13/2023

Protect your business from check fraud: Tips from an Atlanta banking expert

Biz Journals

Last year, 65% of all businesses experienced payment fraud attacks, according to the Association for Financial Professionals.

Details >
10/13/2023

$760K Check Scheme: Westchester Man Nabbed For 'Malicious Fraud,' Feds Say

Dailyvoice.com NY

A 26-year-old Westchester man who was arrested while hiding under his co-conspirator’s couch now faces charges in connection to a $760,000 check fraud scheme that victimized several people and their businesses, officials announced.

Details >
10/13/2023

CHECK FRAUD SUSPECT ARRESTED THANKS TO ALERT TELLER

Upper Merion Township Police Department, PA

On Tuesday October 3rd, 2023 at about 11:20 AM, Upper Merion Police responded to the Police and Fire Federal Credit Union, located at 236 W. Dekalb Pike in reference to a check fraud in progress. As officers were on the way to the bank, they were advised by dispatchers that the suspect was inside the bank attempting to cash a $9,700 check. The female presented an out of state driver's license to the teller and didn't have an account with the bank.

Details >
10/13/2023

17 BSO employees charged in wide-ranging PPP loan fraud investigation

Local 10.com

BROWARD COUNTY, Fla. – Broward County Sheriff Gregory Tony joined federal law enforcement officials Thursday for a news conference announcing the arrests of more than a dozen Broward Sheriff’s Office employees suspected of fraudulently applying for and receiving Paycheck Protection Program loans.

Details >
10/12/2023

How an Exchange Framework Can Accelerate Adoption of B2B Instant Payments

The Federal Reserve FedPayments Improvement

The world is moving fast. From same-day e-commerce delivery to instant streaming services, technological advancements have improved digitalization across multiple industries. This is also true for payments.

Details >
10/12/2023

Crypto companies touting FDIC insurance? Not so fast.

FTC

If your bank is FDIC insured, you’re protected up to $250,000 if the bank fails. But what about the funds you deposit with a crypto-based financial services provider? Nope.

Details >
10/11/2023

Patch Tuesday, October 2023 Edition

Krebs on Security

Microsoft today issued security updates for more than 100 newly-discovered vulnerabilities in its Windows operating system and related software, including four flaws that are already being exploited. In addition, Apple recently released emergency updates to quash a pair of zero-day bugs in iOS.

Details >
10/11/2023

How to Spot a Fake Cashier’s Check: Tips and Tricks

Nigerian Tribune

If you’re receiving a cashier’s check, you might think it’s a guaranteed form of payment.

Details >
10/11/2023

What can I do if I am the victim of identity theft? Ask the Lawyer

Daily Breeze

Q: Never thought this would happen to me. Someone somehow got my Social Security number, obtained a credit card and charged items on it. I found out when the bill came. Now what?

Details >
10/11/2023

Police respond to incident at bank in Sioux Falls

Keloland.com

SIOUX FALLS, S.D. (KELO) — A Sioux Falls man is behind bars, accused of robbing a bank on the west side of the city.

Details >
10/10/2023

Skimmer Gets Prison for Million-Dollar Financial Identity Theft Scheme

United States Attorney's Office Southern District of California

SAN DIEGO – A Los Angeles metropolitan resident was sentenced today to 41 months in prison for repeatedly installing specialized devices to steal the financial information of unwitting victims at gas pumps throughout Southern California.

Details >
10/10/2023

Two Charlotte Businessmen Are Sentenced To Prison For Selling Fraudulently Obtained New iPhones Overseas

United States Attorney's Office Western District of North Carolina

CHARLOTTE, N.C. – Hamzeh Jamal Alasfar, 31, and Tayseer Issam Alkhayyat, 35, both of Charlotte, were each sentenced today to 46 months in prison for a multi-year scheme to buy, sell, and ship fraudulently obtained and stolen new Apple iPhones to domestic and international buyers, announced Dena J. King, U.S. Attorney for the Western District of North Carolina.

Details >
10/10/2023

Member of counterfeit savings bonds ring convicted

United States Attorney's Office Southern District of Texas

BROWNSVILLE, Texas - A 45-year-old California woman has pleaded guilty to conspiring to make, pass and transfer counterfeit U.S. savings bonds and passing counterfeit savings bonds.

Details >
10/10/2023

Phishers Spoof USPS, 12 Other Natl’ Postal Services

Krebs on Security

Recent weeks have seen a sizable uptick in the number of phishing scams targeting U.S. Postal Service (USPS) customers.

Details >
10/10/2023

AARP Virginia Fraud Alert: The Rise of Smishing

AARP

If you have a cell phone, you've probably noticed an increase in text messages from people you don't know.

Details >
10/09/2023

Lawmakers Raise Concerns Over Social Media’s Deepfake Problem

PYMNTS

Generative artificial intelligence (AI) can digitally create nearly everything and anything.

Details >
10/09/2023

Handicapping the US, UK and Europe Real-Time Payments Race

PYMNTS

Real-time payments have revolutionized the global financial landscape, fostering greater efficiency, convenience and inclusion. Countries worldwide are embracing real-time payment systems to meet the growing demand for instant transactions.

Details >
10/09/2023

Can Blockchain Deliver Speed, Security and Inclusion to Global Payments?

PYMNTS

Innovative technology is on the cusp of transforming existing global payments infrastructure.

Details >
10/09/2023

How Contactless Payment is Changing the Way We Shop

Fintech Zoom

In today’s fast-paced world, convenience is key, especially when it comes to shopping. With the advent of contactless payment, our shopping experience has been revolutionized.

Details >
10/09/2023

That friend request could be from a scammer

FTC

Scammers are using social media to go after your money and personal information. And it’s working: since 2021, people have reported losing $2.7 billion to scams that started on social media — way more than with any other contact method.

Details >
10/09/2023

Preventing Account Takeovers: A Crucial Step to Mitigate Identity Theft

Security Boulevard

In today’s hyper-connected world, the threat of account takeovers and identity theft is more real than ever. As corporate executives and High Net Worth Individuals (HNWI), you are particularly at risk.

Details >
10/09/2023

FBI warns of rising elder fraud crime rates as scammers steal billions in savings each year

CBS News

Washington — Americans over 60 are increasingly falling victim to crimes of fraud perpetrated online and over the phone at rates that add up to billions in losses each year, and federal investigators are warning that the scammers are becoming more sophisticated in the ploys they use to get their victims to hand over large sums of money.

Details >
10/09/2023

Why One Of The Largest Cyber-Attacks Is Still A Mystery

Slash Gear

Cyber espionage is a powerful tool in modern warfare. It can be used to spy on prominent individuals like political leaders, government officials, and business heads, spread disinformation, and even disrupt infrastructure.

Details >
10/09/2023

10 charged in $14K fraud scheme targeting drive-thru customers at NW Indiana fast food restaurant

NBC Chicago

Nine people were arrested in connection with a money laundering scheme involving employees at a Northwest Indiana fast food restaurant who stole customers' credit card information, which was used to fraudulently obtain funds and post bail for multiple inmates at the LaPorte County Jail, according to authorities.

Details >
10/09/2023

Facial Recognition Debate Gathers Steam Despite Popularity Among Gen Z Consumers

PYMNTS

As the use of facial recognition software continues to expand around the world, concerns about privacy and human rights violations have reignited the debate surrounding this technology.

Details >
10/09/2023

FBI: Crippling 'Dual Ransomware Attacks' on the Rise

Dark Reading

Once they compromise an victim with an initial ransomware attack, threat actors are ready to deploy a secondary attack with a different strain, which could leave even more damage.

Details >
10/05/2023

Attorney General’s Office charges five with $9.5M in Medicaid fraud

MN Attorney General

August 29, 2023 (SAINT PAUL) — Minnesota Attorney General Keith Ellison announced today that his office has charged five people as part of a scheme to defraud the Minnesota Medical Assistance (Medicaid) program out of approximately $9.5 million.

Details >
10/05/2023

Man indicted for blowing up ATM

United States Attorney's Office Northern District of Georgia

ATLANTA – Abdurrahim Jalal has been indicted for blowing up a bank automated teller machine and for possession of illegal explosive devices.

Details >
10/05/2023

National Security Agency is Starting an Artificial Intelligence Security Center

Security Week

The NSA is starting an artificial intelligence security center — a crucial mission as AI capabilities are increasingly acquired, developed and integrated into U.S. defense and intelligence systems.

Details >
10/05/2023

FBI: Crippling 'Dual Ransomware Attacks' on the Rise

Dark Reading

Once they compromise an victim with an initial ransomware attack, threat actors are ready to deploy a secondary attack with a different strain, which could leave even more damage.

Details >
10/05/2023

82% of Small Insurance Firms Forgo Instant Payments

PYMNTS

The insurance industry is witnessing a surge in the adoption of real-time payments, with nearly 40% of all firms surveyed in a PYMNTS study planning to increase their use of instant payments, and 25% anticipating increases in the real-time payments they receive.

Details >
10/04/2023

FBI: Crippling 'Dual Ransomware Attacks' on the Rise

Dark Reading

Once they compromise an victim with an initial ransomware attack, threat actors are ready to deploy a secondary attack with a different strain, which could leave even more damage.

Details >
10/04/2023

New CFPB Rules Are Coming for Data Brokers

Faegre Drinker

The director of the Consumer Financial Protection Bureau (CFPB) recently announced that the agency will be developing new rules defining a data broker that sells certain types of consumer data as a “consumer reporting agency” under the Fair Credit Reporting Act (FCRA).

Details >
10/03/2023

Data Doesn’t Deceive: Cyber Attacks and it’s Reality Check

Security Boulevard

Cyber Attacks are an ongoing indicator that the internet has two sides as we explore digital platforms. On every click and keystroke, there can be both a source of convenience and a potential cyber threat.

Details >
10/02/2023

Don’t Let Zombie Zoom Links Drag You Down

Krebs on Security

Many organizations — including quite a few Fortune 500 firms — have exposed web links that allow anyone to initiate a Zoom video conference meeting as a valid employee.

Details >
10/01/2023

FinTechs Prioritize Convenience, but Customers Want Faster Payments and More Choice

PYMNTS

Today’s economy relies heavily on digitally oriented consumers, which makes moving money swiftly a crucial demand for financial service providers, particularly emerging FinTech issuers aiming to attract customers away from traditional banks.

Details >
09/30/2023

enton County Sheriff: Sauk Rapids Resident Target Of Attempted Scam

KNSI Radio

(KNSI) – The Benton County Sheriff’s Office warned on Facebook Friday about an attempted scam in the area recently.

Details >
09/30/2023

A Closer Look at the Snatch Data Ransom Group

Krebs on Security

Earlier this week, KrebsOnSecurity revealed that the darknet website for the Snatch ransomware group was leaking data about its users and the crime gang’s internal operations.

Details >
09/30/2023

Unraveling the Johnson Controls Ransomware attack: Dark Angels wants $51 million

Data Conomy

Johnson Controls ransomware attack is the topic of the day. Johnson Controls, a global industrial control systems leader, is battling the notorious Dark Angels hackers.

Details >
09/27/2023

Nasty malware can steal login credentials for 400 banks

Kim Komando

Malware can be used for many nefarious things. The scariest way it’s used is to steal banking information. Now, hackers are going straight for the financial reward, sidestepping the usual methods for data extraction.

Details >
09/27/2023

Can artificial intelligence be used to prevent fraud?

Nation World News

In the digital age in which we live, technology is advancing in leaps and bounds, and one of the fields that is experiencing exponential growth is artificial intelligence (AI).

Details >
09/27/2023

Aware but unprepared: Canadians know fraud is on the rise, but don't know what to do if their data is compromised

RBC

TORONTO, Sept. 26, 2023 - With new scams becoming more frequent and sophisticated, a majority of Canadians (88 per cent) report they've experienced an increase in attempts at fraudulent activity, and seven out of 10 (73 per cent) say they were knowingly targeted, according to a new survey from RBC.

Details >
09/27/2023

‘Snatch’ Ransom Group Exposes Visitor IP Addresses

Krebs On Security

The victim shaming site operated by the Snatch ransomware group is leaking data about its true online location and internal operations, as well as the Internet addresses of its visitors, KrebsOnSecurity has found.

Details >
09/25/2023

Three US firms add over a million MOVEit victims

Cybernews

Sovos, Financial Institution Service Corporation (FISC), and Johnson Financial Group (JFG) said the MOVEit breach impacted the sensitive data of over one million individuals.

Details >
09/25/2023

How An Amateur Rap Crew Stole Surveillance Tech That Tracks Almost Every American

Forbes

On a June day last year, a skinny, dreadlocked 29-year-old rapper known as Tony Da Boss lay in bed in a redbrick apartment on a tree-lined street in Charlotte, North Carolina.

Details >
09/25/2023

Involved in a data breach? Here’s what you need to know

Malwarebytes Labs

If you've received a message from a company saying your data has been caught up in a breach, you might be unsure what to do next. We've put together some tips which should help you when the (more or less) inevitable happens.

Details >
09/25/2023

Congressional committee passes bill to thwart CBDC

Payments Dive

The House Financial Services Committee last week passed a bill that would stop the Federal Reserve from working on a central bank digital currency, giving the full House a chance to consider the legislation.

Details >
09/25/2023

Scammers impersonate bank employees to steal nearly $2M from Pennsylvania customers, officials say

WFMJ 21

A theft ring stole nearly $2 million from bank customers in central Pennsylvania in an elaborate scheme in which the scammers, posing as bank employees, tricked people into giving up their account information.

Details >
09/25/2023

Faster Payments Means Faster, Better Fraud Fighting Tools

PYMNTS

According to Pradheep Sampath, CPO at Entersekt, the rise of instant payments demands a new approach to fighting fraud.

Details >
09/25/2023

Law enforcement share tactics for catching bank robbers

WILX 10 Michigan

JACKSON, Mich. (WILX) - When a bank robber strikes, law enforcement said it’s ready to respond.

Details >
09/25/2023

Two arrested in check theft syndicate

Fox 44 News TX

KILLEEN, TX (FOX 44) – UPDATE: An investigation into checks written to a Killeen area church, but which later turned out to be cashed by others after being altered, may have led to the discovery of a check theft syndicate operating in the area.

Details >
09/25/2023

Former MN insurance broker charged with fraud for fake customer scheme

CBS News WCCO

MINNEAPOLIS -- A former Minnesota insurance broker was charged for fraud after an investigation by the Minnesota Commerce Fraud Bureau found he invented fake customers and Social Security numbers.

Details >
09/25/2023

5 credit card scams to watch out for this holiday season

Fox59 and NerdWallet

(NerdWallet) – In the list of things you want to be doing around the holidays, fending off scam artists has to be at the bottom. And yet, the holidays can be a prime time for scammers hoping to take advantage of the busy season.

Details >
09/25/2023

Fiserv: Instant Payments Need ‘Killer Use Case’ as FedNow Service Launches

PYMNTS

The FedNow® Service is rounding the corner into its second month of operation.

Details >
09/25/2023

Understanding Malicious Package Attacks and Defense Strategies for Robust Cybersecurity

FORTRA

Malicious packages consist of software embedded with code that is capable of causing harm to an entire system or network. This is a rapidly growing threat affecting open-source software and the software supply chain.

Details >
09/25/2023

10 Mistakes in Cybersecurity and How to Avoid Them

FORTRA

It's easy to rest on our laurels. Prevent a few breaches – or go long enough without one – and you start to feel invincible. While our efforts are certainly laudable, we can't get too comfortable.

Details >
09/25/2023

2023 Cost of a Data Breach: Key Takeaways

FORTRA

It’s that time of year - IBM has released its “Cost of a Data Breach Report.” This year’s report is jam-packed with some new research and findings that highlight how organizations are implementing security and risk mitigation techniques to help identify and contain data breaches.

Details >
09/25/2023

Thousands of dollars stolen from Texas ATMs using Raspberry Pi

FORTRA

A Texas court has heard how last month a gang of men used a Raspberry Pi device to steal thousands of dollars from ATMs.

Details >
09/24/2023

Why the Digital Transformation Needs a Reset

PYMNTS

Warren Buffet is reported to have said that digital transformation is a fundamental reality of business today. McKinsey says that 70% of digital transformation projects fail. Both suggest the need to reset expectations about what digital transformation means and what success looks like in the inevitable transition to a more digitally-enabled global economy.

Details >
09/22/2023

Two-Thirds of Manufacturers Plan More Real-Time Payments Features Within 12 Months

PYMNTS

The pivot toward real-time payments is sweeping what might be the most “smokestack” of the some-stack verticals within the economy.

Details >
09/19/2023

Who’s Behind the 8Base Ransomware Website?

Krebs on Security

The victim shaming website operated by the cybercriminals behind 8Base — currently one of the more active ransomware groups — was until earlier today leaking quite a bit of information that the crime group probably did not intend to be made public.

Details >
09/18/2023

MGM Resorts employee says paycheck is late amid cyber attack

Fox 5 Local Las Vegas

LAS VEGAS, Nev. (FOX5) - Alvin Evans III is training to join the security team at T-Mobile arena, which is co-owned by MGM Resorts International.

Details >
09/18/2023

Consumers Want Banks to Make Paying Bills Easier

PYMNTS

The bill payment process can often be a source of frustration for consumers, with a significant share experiencing difficulties when attempting to pay their bills.

Details >
09/18/2023

How to PayFac: What Software Platforms Need to Know

PYMNTS

The merchant acquiring model has undergone many changes since the introduction of the first general-purpose credit card in 1958. Back then, acquiring banks were responsible for finding merchants and signing them up to accept consumer payments using those cards.

Details >
09/15/2023

Western Union Debuts ‘Concept Store’ For Jordan's Foreign Labor Force

PYMNTS

Western Union has launched a “concept store” in Jordan to support that country’s foreign-born workforce.

Details >
09/15/2023

Five Men Charged with Using New York Diamond District Companies as Fronts to Illegally Move More Than $600 Million

United States Attorney's Office District of New Jersey

NEWARK, NJ. – Five men who work in New York City’s Diamond District were arrested today and charged with illegally processing more than $600 million through unlicensed money transmitting businesses, U.S. Attorney Philip R. Sellinger announced.

Details >
09/15/2023

IRS Notice on Tax Scams

IRS

To protect taxpayers from scams, IRS orders immediate stop to new Employee Retention Credit processing amid surge of questionable claims; concerns from tax pros, aggressive marketing to ineligible applicants highlights unacceptable risk to businesses and the tax system

Details >
09/14/2023

MGM Resorts Cyberattack Hobbles Las Vegas Strip Operations

Dark Reading

MGM Resorts is battling to recover its systems following a Sept. 10 cyberattack that left its hotel operations across the country in digital disarray. Experts suspect a ransomware attack is behind the outages.

Details >
09/14/2023

FBI Hacker Dropped Stolen Airbus Data on 9/11

Krebs on Security

In December 2022, KrebsOnSecurity broke the news that a cybercriminal using the handle “USDoD” had infiltrated the FBI‘s vetted information sharing network InfraGard, and was selling the contact information for all 80,000 members.

Details >
09/14/2023

Fraud Losses From Impersonator Scams Double For Largest US Banks

PYMNTS

Financial institutions (FIs) have generally found fraud and financial crime to be continually more sophisticated. The rise of digital banking and ever-faster digital payment methods have accelerated this phenomenon.

Details >
09/13/2023

Adobe, Apple, Google & Microsoft Patch 0-Day Bugs

Krebs on Security

Microsoft today issued software updates to fix at least five dozen security holes in Windows and supported software, including patches for two zero-day vulnerabilities that are already being exploited. Also, Adobe, Google Chrome and Apple iOS users may have their own zero-day patching to do.

Details >
09/13/2023

AARP Backs Bill to Protect Victims of Social Security Theft

AARP

If your Social Security number has been stolen or misused, the last thing you need is government red tape getting in the way as you resolve the issue. AARP backs federal legislation that aims to make dealing with identity theft easier.

Details >
09/13/2023

State prepares for cyber attacks, A.I.

KARE 11

Legislative commission has oversight over efforts by state agencies to prepare for more sophisticated cyber attacks and artificial intelligence.

Details >
09/13/2023

The launch of FedNow: Fast cash or fast fraud?

Biometric Update

What U.S. financial institutions and online marketplaces need to consider when weighing their participation in the new instant payment system

Details >
09/13/2023

Stolen Auto Accounts: The $2 Price Tag on Your Car’s Identity

Security Boulevard

It costs about $1,000 to purchase a person’s identity on the dark web from stolen financial accounts. Why pay $1,000 when it’s only $2 to steal a car’s identity and still make a hefty profit?

Details >
09/13/2023

What Is Account Hijacking?

CellularNews.com

Welcome to another installment of our “DEFINITIONS” series, where we shed light on various cybersecurity terms.

Details >
09/13/2023

Report: Up to $135B stolen in unemployment fraud during pandemic

NewsNation

(NewsNation) — Fraudsters have stolen as much as $135 billion in federal unemployment aid during the COVID-19 pandemic, a new report by the Government Accountability Office found.

Details >
09/13/2023

7 Passwords You Should Never Use at Your Small Business

Small Biz Ahead

Owning a small business means owning data. You’re constantly acquiring new information related to your customers, your financial details, and all the vendors and contractors with whom you work.

Details >
09/12/2023

Real-Time Payments Pave Way for Further Adoption of Platform-as-a-Service Models

PYMNTS

Steve Cook, chief technology officer at Form3, said in an interview with PYMNTS that the Platform-as-a-Service model is seeing a tailwind from the rise of instant payments.

Details >
09/12/2023

Four Men Convicted of $18M Global Investment Fraud Scheme

Office of Public Affairs U.S. Department of Justice

A federal jury in the Western District of Arkansas convicted four men yesterday for their lead roles in an investment fraud and money laundering conspiracy that cheated victims out of more than $18 million.

Details >
09/11/2023

US CFTC official pushes for national financial fraud database

WTVB

NEW YORK (Reuters) – A top U.S. regulator on Monday proposed the creation of a federal registry to make it easier for investors and law enforcement to dig up information on past financial fraud convictions and civil fines.

Details >
09/11/2023

Family forced to drive to bank at gunpoint during CT robbery

Hartford Courant

Police are investigating after a family was forced at gunpoint to drive to a bank and withdraw money during a robbery in Danbury on Sunday evening, police said.

Details >
09/11/2023

USPS Postal Inspector Reveals How to Prevent Identity Theft

Best Life

We trust the U.S. Postal Service (USPS) with a lot of important things, including letters to loved ones and sensitive financial information.

Details >
09/11/2023

Ten telltale signs that someone has stolen your identity

WFIN

How would you feel if someone else pretended to be you online? That’s essentially what identity theft is, and it can happen to any of us.

Details >
09/10/2023

Panel: Real-Time Ubiquity and Connectivity Turn Payments Into ‘Satisfaction Tools’

PYMNTS

Real-time payments schemes are proliferating around the globe.

Details >
09/10/2023

Italy and Spain Lead European Demand for All-in-One App

PYMNTS

Consumers’ appetites for an all-in-one app are growing, with nearly 4 in 10 European consumers craving a single app to manage their everyday digital activities. PYMNTS’ latest research shows this trend is particularly popular among consumers in Italy and Spain.

Details >
09/09/2023

Social Security check scam costs Queens man $25K Nina Pineda Image ByNina Pineda WABC logo Thursday, September 7, 2023 5:57PM

ABC 7

EAST ELMHURST, Queens (WABC) -- Check fraud is back in a big way and getting more sophisticated. The number of fraud cases has nearly doubled year to year, up to nearly 700 annually.

Details >
09/07/2023

FBI Identifies Lazarus Group Cyber Actors as Responsible for Theft of $41 Million from Stake.com

FBI

The FBI is issuing this release to warn the public regarding the theft of approximately $41 million in virtual currency from Stake.com, an online casino and betting platform.

Details >
09/06/2023

ThetaRay Raises $57 Million for AI-Driven Financial Crime Detection

PYMNTS

Payments firm ThetaRay has raised $57 million to boost its financial crime detection capabilities.

Details >
09/06/2023

Experts Fear Crooks are Cracking Keys Stolen in LastPass Breach

Krebs On Security

In November 2022, the password manager service LastPass disclosed a breach in which hackers stole password vaults containing both encrypted and plaintext data for more than 25 million users.

Details >
09/06/2023

Death by Paper Cut: The Hidden Costs of Checks

PYMNTS

The way things have always been done could be harming firms in the long run.

Details >
09/06/2023

Airlines on Payments Autopilot: How Automation Streamlines the Travel Refund Process

PYMNTS

Air travel is complex. And that complexity trickles down to nearly every customer and airline touchpoint — particularly airline refunds, a process that has become a pressing issue for travelers and airlines.

Details >
09/05/2023

Help spot scammers after Hurricane Idalia

FTC

Figuring out the full extent of Hurricane Idalia’s damage could take weeks or even months. But we already know that scammers will follow the path of the storm and try to take advantage of people doing their best to recover. While storms are unpredictable, there are ways to spot the tactics these scammers use — even if they change some of the details — so, read on.

Details >
09/05/2023

The Gig Economy: 6 Attack Scenarios to Remember

Security Boulevard

While the primary goal of gig economy platforms is to facilitate connections between users and service providers, threat actors can exploit the platform’s messaging features to conduct SMS toll fraud and plenty of other attacks.

Details >
09/05/2023

Companies Want Digital Flexibility but Fort Knox Security, Hazeltree CFO Says

PYMNTS

In the fast-paced world of digital finance, security is a pressing concern.

Details >
09/05/2023

Minneapolis Public Schools sending cyber attack notification letters

Fox 9 KMSP

MINNEAPOLIS (FOX 9) - Following a cyber attack and ransom that the district says has affected over 100,000 people, Minneapolis Public Schools (MPS) says it is in the process of notifying individuals of their exposed personal information.

Details >
09/05/2023

10 things you should never save on your phone if you want to protect your privacy and security

Ruetir

If you have the habit of saving photos, videos, documents and personal information on your mobile, it is important that you reconsider. Storing this type of information may increase the risk of becoming a victim of fraud or identity theft.

Details >
09/05/2023

Beware of 'bank jugging,' California authorities warn: What to know

Fox 11 LA

FONTANA, Calif. - Authorities are warning the public of a rise in "bank jugging" incidents reported across the U.S., including right here in Southern California.

Details >
09/05/2023

VIDEO: Bank robber holds up note demanding money at Tampa bank, suspect sought

News Channel 8

TAMPA, Fla. (WFLA) — Tampa Police are searching for a suspect responsible for robbing a Chase Bank located at 2001 North Dale Mabry Highway around 1:48 p.m. Saturday afternoon.

Details >
09/05/2023

Consumers Consider Passwordless Logins Key to Overcoming All-in-One App Security Concerns

PYMNTS

Given the proliferation of various apps, many consumers in the United States are eager for a more convenient way to manage their banking and shopping needs all within a single platform.

Details >
09/01/2023

Why is US Being Used to Phish So Many of Us?

Krebs on Security

Domain names ending in “.US” — the top-level domain for the United States — are among the most prevalent in phishing scams, new research shows.

Details >
08/31/2023

Scammers impersonate bank employees to steal nearly $2M from Pennsylvania customers, officials say

CBS News

A theft ring stole nearly $2 million from bank customers in central Pennsylvania in an elaborate scheme in which the scammers, posing as bank employees, tricked people into giving up their account information, the attorney general's office said Friday.

Details >
08/30/2023

Why is check fraud suddenly rampant?

Boston Fed

The check is fading away as a consumer payment method – the number of checks collected by the Federal Reserve annually has plummeted 82% over the last 30 years. So why is check fraud suddenly rampant?

Details >
08/30/2023

US Crypto Clampdown Continues as SEC Wins NFT Enforcement

PYMNTS

The year 2023 will forever be remembered as the year the U.S. Securities and Exchange Commission (SEC) went to war with crypto.

Details >
08/30/2023

Report: OpenAI Approaches $1 Billion in Yearly Revenue

PYMNTS

OpenAI is reportedly on the road to reaching $1 billion in yearly revenue.

Details >
08/30/2023

Companies Want Digital Flexibility but Fort Knox Security, Hazeltree CFO Says

PYMNTS

In the fast-paced world of digital finance, security is a pressing concern.

Details >
08/29/2023

Kroll Employee SIM-Swapped for Crypto Investor Data

Krebs on Security

Security consulting giant Kroll disclosed today that a SIM-swapping attack against one of its employees led to the theft of user information for multiple cryptocurrency platforms that are relying on Kroll services in their ongoing bankruptcy proceedings.

Details >
08/29/2023

U.S. Hacks QakBot, Quietly Removes Botnet Infections

Krebs on Security

The U.S. government today announced a coordinated crackdown against QakBot, a complex malware family used by multiple cybercrime groups to lay the groundwork for ransomware infections.

Details >
08/28/2023

How AI is fueling the fraud surge: Sift report

Fintech Nexus

Sift’s latest Digital Trust and Safety Index describes how artificial intelligence (AI) is fuelling a fraud surge that will challenge retailers and financial institutions. It’s behind a more-than-fourfold increase in the account hacking attempt rate in the first quarter of 2023 compared to all of 2022.

Details >
08/28/2023

How PayPal is using AI to combat fraud, and make it easier to pay

ABC News

Artificial intelligence has been the buzzword of 2023 ever since ChatGPT made its public debut earlier this year, with businesses, schools, universities and even non-profits looking for ways to integrate AI in their operations

Details >
08/28/2023

IRS lost millions of taxpayer records that could be used for identity theft

The Neighbor

(The Center Square) – The Internal Revenue Service lost millions of taxpayer records and federal employees don’t know where they have gone.

Details >
08/28/2023

SYNTHETIC FRAUD EXPECTED TO RISE SIGNIFICANTLY IN 2023-24: CAUSES AND CONCERNS

Finance Feds

The digital age has brought immense convenience. With a few taps on our phones, we can purchase goods, transfer money, and access services. But where there are transactions, there are also those looking to game the system. As a result, digital fraud has exploded as more of our financial lives move online.

Details >
08/28/2023

All Montana property tax rebates will be sent by paper check

Tri-State Livestock News

HELENA – Starting August 24, all Montana property tax rebates will be sent by paper check in the mail.

Details >
08/28/2023

30% of Consumers Swap Instant for Slower Payments to Avoid Fees

PYMNTS

Buoyed by growing consumer preference for faster payments, instant disbursements have gained popularity in recent years. The recent launch of the FedNow instant payments system has further underscoring that demand.

Details >
08/28/2023

Kroll Suffers Data Breach: Employee Falls Victim to SIM Swapping Attack

The Hacker News

Risk and financial advisory solutions provider Kroll on Friday disclosed that one of its employees fell victim to a "highly sophisticated" SIM swapping attack.

Details >
08/28/2023

Montana warns of scams targeting property tax rebates

Bozeman Daily Chronicle

The state is warning people that scammers are seeking to capitalize on the property tax rebate application process and said it will now issue all rebates by a paper check sent through the mail to combat fraud.

Details >
08/25/2023

Great Falls postal worker pleads guilty to stealing mail, wire fraud

Great Falls Tribune

A Great Falls postal service driver pleaded guilty last week to federal charges of possessing stolen mail and wire fraud after depositing checks she overwrote with her name.

Details >
08/25/2023

Consumers Want FIs to Deliver Real-Time Financial Data

PYMNTS

Serena Smith, chief client officer at i2c, told PYMNTS in a recent interview that although digital innovations in banking have come a long way in just a few short years, “There’s still a long way to go.”

Details >
08/25/2023

Companies and Regulators Scramble to Counter the Threat of AI Deception

PYMNTS

How do we decide whether a human, artificial intelligence (AI) or a combination of the two created a piece of text? Some studies find that more than half of individuals cannot accurately identify content made by AI chatbots such as ChatGPT.

Details >
08/24/2023

MN STATE FAIR: Senior Fraud Prevention Program

State of MN

Are you going to the MN State Fair on Senior Day?

Details >
08/23/2023

FinCEN Notice Highlights Concerning Increase in Payroll Tax Evasion, Workers’ Compensation Fraud in the Construction Sector

FinCEN

WASHINGTON— Today, the Financial Crimes Enforcement Network (FinCEN), in coordination with IRS Criminal Investigation (CI), issued a Notice to financial institutions calling attention to a concerning increase in state and federal payroll tax evasion and workers’ compensation insurance fraud in the U.S. residential and commercial real estate construction industries.

Details >
08/23/2023

Cyber Attacks on Financial Institutions | Why Banks Are Caught in the Crosshairs

SentinelOne

In recent years, there has been a significant uptick in the frequency and sophistication of attacks on the financial and banking industry.

Details >
08/23/2023

Common Jobs Scams and How to Avoid Them

Money

The Better Business Bureau reported recently that it’s seen employment scams “skyrocket,” with a growing number of victims losing money and sometimes facing legal issues as a result of the increasingly common fraud scheme.

Details >
08/23/2023

The Modern Fraud Dilemma: It’s Good AI Against Bad AI

PYMNTS

Generative artificial intelligence (AI) is making everything easier, including scams.

Details >
08/23/2023

FedNow Is Live but Banks Face Integration Decisions

PYMNTS

For banks eyeing what they must do to get on board the FedNow Service to meet customers’ expectations for faster payments and integrate with the first new payments rails in the United States in four decades — the challenges are numerous.

Details >
08/23/2023

FBI Identifies Cryptocurrency Funds Stolen by DPRK

FBI

The FBI is warning cryptocurrency companies of recent blockchain activity connected to the theft of hundreds of millions of dollars in cryptocurrency.

Details >
08/22/2023

Tourists Give Themselves Away by Looking Up. So Do Most Network Intruders.

Krebs on Security

In large metropolitan areas, tourists are often easy to spot because they’re far more inclined than locals to gaze upward at the surrounding skyscrapers.

Details >
08/22/2023

PADUCAH — The McCracken County Sheriff’s Office wants to warn the public of a scam claiming you’ve won the lottery.

WPSD Local 6

PADUCAH — The McCracken County Sheriff’s Office wants to warn the public of a scam claiming you’ve won the lottery.

Details >
08/22/2023

Christopher Grannis threatened to shoot officers, K9 during bank robbery, police say

Mass Live

Police were able to successfully arrest a 35-year-old Worcester bank robber after he threatened to shoot officers and a K9 on Friday, Aug. 18, the Worcester Police Department reported.

Details >
08/22/2023

Feds warn banks to look out for construction fraud

Construction Dive

A notice to financial institutions highlighted how bad actors use shell companies to commit workers’ compensation and payroll fraud.

Details >
08/22/2023

Nearly 60% of Consumers View Mobile Phones and Laptops as Equally Secure for Payments

PYMNTS

Despite the growing perception that smartphones provide more security online, most banking consumers said they think smartphones and computers are equally secure for several select online financial activities.

Details >
08/21/2023

If you paid a scammer with a gift card, is your money gone? Maybe not

FTC

Did someone tell you to buy a gift card and give them the numbers? That’s a scam.

Details >
08/20/2023

South Dakota man accused of trying to cash forged checks in SE Minnesota

KIMT

ROCHESTER, Minn. – A man accused of passing forged checks in two SE Minnesota counties is now set to stand trial in one of them.

Details >
08/20/2023

Consumers Like Biometrics More Than Passwords

PYMNTS

Consumers may be stuck using the outmoded authentication system, but most prefer more sophisticated methods.

Details >
08/20/2023

Americans Think Stashing Their Money at Home Is Safer Than Most Bank Accounts, Survey Finds

Yahoo Finance

According to a recent survey by GOBankingRates, nearly 25% of Americans think their money is safer at home than most other places. And that’s understandable.

Details >
08/20/2023

Scammers targeting older Black women who were in sororities, police say

The Washington Post

An older woman was sitting in her van at a Home Depot parking lot when a man and a woman approached, according to court records. They told her they found a pocketbook full of cash and would split it with her — but first they needed to verify that the money was “legit.”

Details >
08/20/2023

Scammers targeting older Black women who were in sororities, police say

The Washington Post

An older woman was sitting in her van at a Home Depot parking lot when a man and a woman approached, according to court records. They told her they found a pocketbook full of cash and would split it with her — but first they needed to verify that the money was “legit.”

Details >
08/18/2023

Did you get a letter from a “lawyer” about cashing in on someone else’s life insurance policy?

FTC

You can’t cash in on a stranger’s life insurance policy — even if a lawyer says you can.

Details >
08/18/2023

LinkedIn under attack, malicious hackers seize accounts

FORTRA

Security researchers have identified that a widespread LinkedIn malicious hacking campaign has seen many users locked out of their accounts worldwide.

Details >
08/18/2023

Karma Catches Up to Global Phishing Service 16Shop

Krebs on Security

You’ve probably never heard of “16Shop,” but there’s a good chance someone using it has tried to phish you.

Details >
08/18/2023

Missouri System Hit by MOVEIt Cyber Attack

Inside Higher Ed

The University of Missouri System is the latest institution battered in the MOVEit cybersecurity breach sweeping the nation.

Details >
08/18/2023

Great Falls woman admits possessing stolen mail, wire fraud crimes

US Attorney's Office District of Montana

GREAT FALLS — A Great Falls woman who transported mail admitted today to possessing stolen mail and wire fraud charges after depositing checks she had overwritten with her name, U.S. Attorney Jesse Laslovich said.

Details >
08/18/2023

FBI searching for 3 men who robbed armored car at gunpoint in Lansing

ABC 7 Chicago

LANSING, Ill. (WLS) -- The FBI is searching for three suspects behind an armored vehicle robbery in the south suburbs Wednesday.

Details >
08/18/2023

BANK ACCIDENTALLY LETS PEOPLE WITHDRAW MONEY FROM ATMS EVEN IF THEY DON’T HAVE ANY

The BYTE - Futurism

For a wild few hours on Tuesday evening, a bizarre Bank of Ireland glitch allowed customers to withdraw up to 1,000 euros, or roughly $1,090 in US dollars, from their bank accounts, The New York Times reports — even if their accounts didn't have that much cash to begin with — without their account balances changing.

Details >
08/17/2023

Massive LinkedIn hack reported

SC Media

BleepingComputer reports that LinkedIn has been subjected to a widespread hacking campaign, with several users reporting account hijacking and lockouts while Google search volumes concerning the LinkedIn account hacks or recovery rose by 5,000% during the last few months.

Details >
08/17/2023

Minn. woman defrauds 25 victims, 26 banks of $460K in 7 Midwest states

Duluth News Tribune

Federal prosecutors say the woman used fake military IDs and fraudulent passports to obtain loans and lines of credit at credit unions in the Dakotas, Minnesota and five other states.

Details >
08/17/2023

Cross-Border Payment Solutions Give Big Lift to Small Business Growth Plans

PYMNTS

Small- to medium-sized enterprises (SMEs) help economies across the world go ’round.

Details >
08/17/2023

More Than 500 Scam Tokens Detected on Coinbase's Base Blockchain

PYMNTS

More than 500 scam tokens have reportedly been deployed by developers on Base, the new blockchain launched by crypto exchange Coinbase.

Details >
08/16/2023

UBS to Pay $1.4 Billion to Settle Financial-Crisis Fraud Case

The New York Times

The settlement closes the chapter on the last investigation by a Justice Department task force on the role financial firms played in the collapse of the housing market in 2008.

Details >
08/16/2023

Juniper Payments: FedNow Can Spur Credit Unions to ‘Reimagine’ Financial Services

PYMNTS

Only a few weeks after launching in July, the FedNow Service promises to help transform payments, commerce and banking.

Details >
08/16/2023

Banks fined $549 million for hiding messages in iMessage and Signal

The Verge

Several US financial firms, including multiple Wells Fargo companies, will pay a combined $549 million in fines after admitting they couldn’t produce discussions about company business from smartphone messaging apps used by their employees, “including those at senior levels.”

Details >
08/15/2023

Diligere, Equity-Invest Are New Firms of U.K. Con Man

Krebs on Security

John Clifton Davies, a convicted fraudster estimated to have bilked dozens of technology startups out of more than $30 million through phony investment schemes, has a brand new pair of scam companies that are busy dashing startup dreams: A fake investment firm called Equity-Invest[.]ch, and Diligere[.]co.uk, a scam due diligence company that Equity-Invest insists all investment partners use.

Details >
08/15/2023

Connecticut school district lost more than $6 million in cyber attack, so far gotten about half back

New Britian Herald

NEW HAVEN — The city of New Haven lost more than $6 million in multiple cyberattacks on its public school district earlier this summer and has so far managed to recoup about half of the money, officials announced Thursday.

Details >
08/14/2023

Do you use payment apps like Venmo, CashApp, or Zelle? Read this

FTC

Ever send money through an app like Venmo, CashApp, or Zelle? They make it easy to send money fast to friends or family. But what happens when it’s a scammer on the other end?

Details >
08/14/2023

Consumers Like Biometrics More Than Passwords

PYMNTS

Consumers may be stuck using the outmoded authentication system, but most prefer more sophisticated methods.

Details >
08/13/2023

Cyber Attacks Becoming More Sophisticated with the Help of AI

Fagen Wasanni Technologies

Cyber attacks are on the rise and becoming increasingly sophisticated worldwide. Hackers are now utilizing artificial intelligence (AI) to manipulate computer systems for malicious purposes. Johann Rehberger, a security researcher, recently demonstrated how he was able to exploit OpenAI’s chatbot, ChatGPT, to carry out nefarious activities.

Details >
08/10/2023

Did You Just Try to Login? Why Account Takeover Is Still on the Rise

Security Boulevard

Walking through the exhibit hall this week at Black Hat USA 2023, the number of solutions for “Next Generation Threats” and “AI-Powered Adversaries” might reasonably lead you to believe that this is where a majority of cyber risk lies.

Details >
08/10/2023

FBI warns students of fake jobs on college employment websites

WSAV.com

ATLANTA (WSAV) — The FBI is warning students of a scam with fake job offers on college employment websites and college email accounts recruiting for positions that don’t exist.

Details >
08/10/2023

Old-fashioned check fraud is back, this time with violent attacks on mail carriers

Bobsullivan.net

Everything old is new again. There was a time when my parents taught me to be extremely careful with personal checks — never to leave open space in the amount fields, lest someone add a zero, for example.

Details >
08/09/2023

Scammers impersonate well-known companies, recruit for fake jobs on LinkedIn and other job platforms

FTC

Scammers are lurking on LinkedIn and other job sites, posing as “recruiters” for well-known companies. But instead of looking to hire you, they’re really looking to take your money and personal information.

Details >
08/09/2023

Meet the Brains Behind the Malware-Friendly AI Chat Service ‘WormGPT’

Krebs On Security

WormGPT, a private new chatbot service advertised as a way to use Artificial Intelligence (AI) to write malicious software without all the pesky prohibitions on such activity enforced by the likes of ChatGPT and Google Bard, has started adding restrictions of its own on how the service can be used.

Details >
08/09/2023

Attempted bank robbery, Milwaukee police seek man

Fox 6 Milwaukee

MILWAUKEE - Milwaukee police are looking for a man suspected of trying to rob a bank on the city's south side last month.

Details >
08/09/2023

Microsoft Patch Tuesday, August 2023 Edition

Krebs On Security

Microsoft Corp. today issued software updates to plug more than 70 security holes in its Windows operating systems and related products, including multiple zero-day vulnerabilities currently being exploited in the wild.

Details >
08/08/2023

Ransomware victim numbers surge as attackers target zero-day vulnerabilities

CSO Online

Ransomware groups are also prioritizing the exfiltration of files, which has become the primary source of extortion.

Details >
08/07/2023

Heartland Tri-State Bank Closed Just "Because of a Scam"

The Deep Dive

Kansas State Bank Commissioner, David Herndon, expressed apparent relief as he disclosed the closure of Heartland Tri-State Bank due to a scam they fell victim to.

Details >
08/07/2023

Russian Hacktivists Overwhelm Spanish Sites With DDoS

Infosecurity Magazine

A leading Spanish research institute has become the latest organization in the country to come under cyber-attack from Russia, after a weeks-long DDoS campaign that appears to be geopolitically motivated.

Details >
08/07/2023

Thieves fail to steal ATM with forklift in California: VIDEO

ABC 7 News

NORTH HIGHLANDS, Calif. -- Would-be thieves in California drove away empty-handed after an embarrassing fail.

Details >
08/07/2023

Milwaukee bank robbery, 56th and Capitol, 2 men charged

Fox 6 Milwaukee

MILWAUKEE - Two Milwaukee men have been criminally charged in connection to a bank robbery that occurred Monday, July 31 at the US Bank near 56th and Capitol.

Details >
08/07/2023

Man gets 22 years for bank robberies in three states

WSPA

CHARLOTTE, N.C. (WSPA) – A Georgia man was sentenced on Monday to 22 years in prison for a string of armed robberies he committed in North Carolina, Tennessee and Georgia.

Details >
08/06/2023

Understanding the Security Features of Wearable Payment Devices

Fagen Wasanni Technologies

Understanding the security features of wearable payment devices is crucial in today’s digital age. As technology continues to evolve, so does the way we conduct transactions.

Details >
08/06/2023

Healthcare facilities see uptick in cyber-attacks

ABC KSTP-TV

Hospitals are now fighting more than disease.

Details >
08/06/2023

Suspected bank robber worked as a bank security guard and served 42 years in prison for murder

9 News

Investigators arrested Flozell Beasley, 70, for robbing four banks and a taco shop. Records show Beasley was paroled from prison for murder in 2018.

Details >
08/04/2023

Armour bookkeeper charged with grand theft, forgery for alleged check fraud in excess of $100,000

Mitchell Republic

ARMOUR, S.D. — A state investigation alleges that a former bookkeeper at Bob’s Farm Service wrote counterfeit checks to herself that far exceeded her salary, totaling more than $100,000 in losses.

Details >
08/04/2023

More Than $1.7 Million Stolen From ATMs at Alabama Credit Unions

CU Times

Alabama federal prosecutors alleged six persons conspired to use ATM skimming devices and covert video cameras to steal funds from members of the $1.3 billion Listerhill Credit Union in Muscle Shoals and the $1.3 billion Avadian Credit Union in Hoover.

Details >
08/04/2023

California Target implements controversial 'chaperone policy' for teens after 4 p.m.

Fox 11 News

BAKERSFIELD, Calif. (KBAK/KBFX) — A new store policy at a Target in California is not sitting well with parents.

Details >
08/04/2023

Why Regulating AI Is Like Regulating Air or Water, Says UPenn Professor

PYMNTS

Those nations shepherding to market modern technical innovations have so far prioritized innovation over regulation.

Details >
08/04/2023

Teach a Man to Phish and He’s Set for Life

Krebs on Security

One frustrating aspect of email phishing is the frequency with which scammers fall back on tried-and-true methods that really have no business working these days. Like attaching a phishing email to a traditional, clean email message, or leveraging link redirects on LinkedIn, or abusing an encoding method that makes it easy to disguise booby-trapped Microsoft Windows files as relatively harmless documents.

Details >
08/03/2023

Scam Warning – Phone Calls Re: Fraudulent Bank Charges

Larchmont Buzz

Every now and then we like to pass along a warning about a scam we’ve run across recently – especially those that are particularly convincing or easy to fall for. And yesterday I personally experienced a good one.

Details >
08/03/2023

Reward offered for ‘Bundled Bandits' bank robbery crew

FBI

The FBI has offered a reward in connection to a series of bank robberies undertaken by a group of suspects that have become known as the “Bundled Bandits.”

Details >
08/03/2023

How Malicious Android Apps Slip Into Disguise

Krebs on Security

Researchers say mobile malware purveyors have been abusing a bug in the Google Android platform that lets them sneak malicious code into mobile apps and evade security scanning tools. Google says it has updated its app malware detection mechanisms in response to the new research.

Details >
08/03/2023

Payments Tech Helps Online Sellers Go Global, Play Like Locals

PYMNTS

The digital, connected economy knows no borders.

Details >
08/03/2023

To Expand Credit Access to Small Businesses, Banks Must Tap Alternative Data

PYMNTS

Chris Hendrickson, senior vice president of small business strategy at Comerica, and Scott Steinberg, chief product officer and chief operating officer of Enigma, said a multidimensional underwriting process is needed to give a critical lifeline to companies seeking to navigate an uncertain macro environment — and to grow.

Details >
08/02/2023

Rising threat: Ransomware targeting schools becoming a serious problem

Kim Komado

You’re target No. 1 for hackers. Get this: 80% of schools suffered ransomware attacks last year. That number is only growing.

Details >
08/02/2023

Danville woman sentenced for identity theft, robbery

WCIA

DANVILLE, Ill. (WCIA) — A woman from Danville has been sentenced to 12 years in prison after she recently pleaded guilty to robbery and identity theft charges.

Details >
08/02/2023

FBI offers $20K reward for information about 'bundled bandits' targeting BMO Harris banks

ABC 7 Eyewitness News

CHICAGO (WLS) -- The FBI is searching for two suspected bank robbers who investigators are calling the "bundled bandits."

Details >
08/02/2023

Social Media Security Awareness: What you Should Know

FORTRA

The latest Verizon Data Breach Investigations report indicates that over 70% of data breaches involved the human element.

Details >
08/02/2023

Real-Time Payments Taking Hold From South Africa to Sweden

PYMNTS

The real-time payments landscape is constantly changing. Growth in adoption and transaction volume has been measured across the continents. With the U.S. Federal Reserve’s launch of FedNow, this change seems likely to be a constant.

Details >
08/01/2023

Milwaukee bank robbery near 56th and Capitol, 2 men in custody

Fox 6 Now

MILWAUKEE - Milwaukee police arrested two men who robbed a bank near 56th and Capitol on Monday, July 31.

Details >
08/01/2023

With Check Fraud on the Rise, Financial Institutions Must Implement More Effective Solutions

Payments Journal

With the rise of digital banking and online payments, the use of checks has undergone a massive shift. In 2021, the Federal Reserve processed 14.5 million checks per day, a dramatic drop from the daily 26.7 million daily it processed 10 years earlier.

Details >
08/01/2023

Case against suspected bank robber thrown out

Fox 11 News

GREEN BAY (WLUK) -- A court commissioner threw out a case against a bank robbery suspect Monday.

Details >
08/01/2023

Operation Cross Country XIII Leads to Identification/Location of Adolescent Victims

FBI

The FBI, working with its state and local partners, identified and located 200 victims of sex trafficking during a nationwide enforcement campaign, called "Operation Cross Country." The operation also led to identification or arrest of 126 suspects of child sexual exploitation and human trafficking offenses and 68 suspects of trafficking were identified or arrested.

Details >
08/01/2023

Real-Time Payments Taking Hold From South Africa to Sweden

PYMNTS

The real-time payments landscape is constantly changing. Growth in adoption and transaction volume has been measured across the continents. With the U.S. Federal Reserve’s launch of FedNow, this change seems likely to be a constant.

Details >
07/31/2023

IRS, Security Summit partners warn taxpayers of new scam; unusual delivery service mailing tries to trick people into sending photos, bank account information

IRS

WASHINGTON ― The Internal Revenue Service warned taxpayers today to be on the lookout for a new scam mailing that tries to mislead people into believing they are owed a refund.

Details >
07/31/2023

FTC chair says AI could "turbocharge" fraud, be used to "squash competition"

Yahoo News

Federal Trade Commission Chair Lina Khan is leading the Biden administration's charge against massive tech companies allegedly looking to gobble up the competition.

Details >
07/30/2023

University of Hawaii makes payout to cyber criminals

KHON 2

HONOLULU (KHON2) — The University of Hawaii negotiated with cyber criminals for the first time to resolve a ransomware attack on Hawaii Community College.

Details >
07/30/2023

Bank robbery suspect foiled after falling from roof into recycling bin

Yahoo News

An Ohio man was caught on bodycam footage trying to rob a bank, police said.

Details >
07/27/2023

Americans think fraud has reached crisis level, report finds

WYMT

Often, fraudsters will use the psychological trick of inciting fear, panic, or joy to lower victims’ guards

Details >
07/27/2023

Mastercard's Cease-and-Desist Letters Halt Cannabis Debit Card Transactions

PYMNTS

Mastercard has told payment processors and banks to stop allowing marijuana transactions on its debit cards.

Details >
07/27/2023

The Ripple Effect: What Proposed US Crypto Legislation Looks Like

PYMNTS

The U.S. crypto crackdown started at the top, but the sector’s fractures were bottom-up.

Details >
07/25/2023

Legislation preventing data broker sales to government agencies moves forward

Cyberscoop

The House Judiciary Committee on Wednesday advanced legislation closing loopholes that allow data brokers to sell consumer data to law enforcement and federal agencies.

Details >
07/25/2023

Notorious Russian cyber criminals hack Australian accounting firm PwC

news.com.au

Accounting firm PwC has been under siege the past few weeks over a tax scandal and it’s just been dealt another blow as Russian hackers have obtained sensitive data.

Details >
07/25/2023

How One Banker Sees the FedNow and RTP® Faster Payments Landscape Evolving

PYMNTS

The flagship real-time payment system in the U.S., The Clearing House’s RTP® network, reaches 65% of all demand deposit accounts in the country, according to The Clearing House, and any depository institution can connect to the RTP network through more than 20 technology providers.

Details >
07/25/2023

Who and What is Behind the Malware Proxy Service SocksEscort?

Krebs On Security

Researchers this month uncovered a two-year-old Linux-based remote access trojan dubbed AVrecon that enslaves Internet routers into botnet that bilks online advertisers and performs password-spraying attacks.

Details >
07/23/2023

Few Fortune 100 Firms List Security Pros in Their Executive Ranks

Krebs On Security

Many things have changed since 2018, such as the names of the companies in the Fortune 100 list. But one aspect of that vaunted list that hasn’t shifted much since is that very few of these companies list any security professionals within their top executive ranks.

Details >
07/23/2023

FedNow’s Future and What the Triple Clock Theory Says About It

PYMNTS

Four days from today, the Federal Reserve’s instant account-to-account payments rail will go live. FedNow’s launch on July 20 will bring the number of real-time rails in the U.S. to two. The first real-time rail to go live was RTP®, operated by The Clearing House, in 2017.

Details >
07/23/2023

WHAT ARE COMMAND AND CONTROL (C&C) ATTACKS?

Crowdstrike

C&C (also known as C2) is a method that cybercriminals use to communicate with compromised devices within a target company’s network.

Details >
07/23/2023

Johns Hopkins sued over May cybersecurity attack

Baltimore ABC 2

BALTIMORE — Johns Hopkins University and Health System is being sued over a cybersecurity attack in May that affected their networks.

Details >
07/23/2023

Bank robber still on the loose after stealing cash from Chase branch in Titusville

Florida Today

TITUSVILLE — A man robbed a Chase Bank branch Friday afternoon in Titusville and was still at large Sunday morning, police said.

Details >
07/21/2023

Meta’s Threads app used as a lure

Help Net Security

It was to be expected: As the buzz around Meta’s new microblogging platform Threads gained momentum, some individuals have stepped in to take advantage of the fact that the app still can’t formally serve users in the European Union (or China, or Russia).

Details >
07/21/2023

Ransomware Crypto Payments Poised to Set New Record in 2023

Bank Info Security

Cryptocurrency is the lifeblood of ransomware gangs, and their illicit use of crypto could hit record numbers this year. While overall crypto proceeds, including from crimes such as scams, fell dramatically over the past year, ransomware funds are expected to hit $899 million in 2023.

Details >
07/21/2023

What bankers need to know about FedNow

American Banker

The launch of FedNow, the Federal Reserve's instant-settlement system, raises many questions for banks, card networks and fintechs.

Details >
07/20/2023

Is it a legitimate investment opportunity or a scam?

FTC

When you hear about a can’t-miss investment opportunity your first reaction might be to jump right in. Don’t. But how do you tell the difference between a legitimate investment — and a scam?

Details >
07/20/2023

Joining forces to help stop scam calls

FTC

Nobody likes getting bombarded with robocalls. Not only are they annoying, but they’re often pushing scams for things like fake auto warranties and credit card debt relief programs. The FTC and law enforcement agencies from all 50 states are taking action to stop them. And you can help, too.

Details >
07/19/2023

Attention shoppers: Credit card skimmers found at Walmart checkout lines in Northeast

WCVB 5 Boston

BOSTON — Law enforcement officials are warning shoppers to pay close attention to the payment terminal the next time they are in a checkout line.

Details >
07/19/2023

ERO Boston removes fugitive wanted for passport fraud, theft in Ireland

U.S. Immigration and Customs Enforcement

BOSTON — Enforcement and Removal Operations (ERO) Boston removed an unlawfully present Irish citizen identified as a member of a transnational criminal organization who is wanted for passport fraud, theft and multiple motor vehicle offenses in the Republic of Ireland on July 13.

Details >
07/19/2023

AI Tool WormGPT Enables Convincing Fake Emails For BEC Attacks

Infosecurity Magazine

A generative AI tool, WormGPT, has emerged as a powerful weapon in the hands of cyber-criminals, specifically for launching business email compromise (BEC) attacks, according to new findings shared by security firm SlashNext.

Details >
07/19/2023

Microsoft: US Government Email Accounts Compromised by Chinese Hackers via Stolen Login Key

CPO Magazine

The United States and Microsoft are implicating China’s state-backed hacking teams in penetrating US government email accounts, in a campaign that reportedly began in mid-May.

Details >
07/19/2023

New Footage, details released in Chicago bank robbery that was "similar to a movie"

Fox 32 Chicago

CHICAGO - A pair of blue shoes could be the clues to help solve a Chicago bank robbery.

Details >
07/19/2023

Study Finds Most FinTechs Don’t Meet Consumers’ Instant Payments Expectations

PYMNTS

The consumers powering today’s economy are increasingly digital-first, meaning money mobility is a top requirement for any financial services provider — especially FinTechs set on winning consumers away from traditional banks.

Details >
07/19/2023

Organized retail crime goes beyond store shoplifting

NRF

We’ve all seen news footage of brazen retail crimes — groups of individuals filling their arms or bags with merchandise that’s then sold to a “fence” for resale or online to an unwary consumer. Store-based stealing might be the most visible element of organized retail crime, but it’s not the only form of ORC impacting the retail ecosystem.

Details >
07/19/2023

Massachusetts man accused of zip-tying people, placing ‘bomb’ on counter during armed bank robbery

Fox News

A man from Martha’s Vineyard is accused of zip-tying individuals and placing a "purported bomb" on the counter during an armed bank robbery in April.

Details >
07/19/2023

Open Banking Can Help Banks Beat Fraudsters, GIACT Says

PYMNTS

Caitlin Sinclair, director of proposition development, financial crime at GIACT, an LSEG business, recently told PYMNTS that open banking can — and will — give rise to empowered consumers, and take the tedium out of online commerce.

Details >
07/18/2023

Beware of AI-generated phising attacks; they are so real!

HT Tech

With AI technology growing each day and new automated software being developed,

Details >
07/18/2023

FBI: Texas, Rest of U.S. Experiencing More Cyber Attacks

Government Technology

A series of cyber attacks across Texas are part of a growing statewide and national trend of increasingly sophisticated groups working through computers to steal money and information, according to officials in the FBI.

Details >
07/18/2023

3 banks robbed by 'Sticky Note Bandit' dressed as woman, FBI says

ABC News

A man dressed as a woman walked into three Texas banks this month and handed tellers sticky notes with "threatening" messages demanding cash, earning him the nickname "Sticky Note Bandit," the FBI said.

Details >
07/18/2023

Sezzle CEO Sees Banks Ramping Up FinTech Acquisitions in 2024 and Beyond

PYMNTS

As 2023 winds into its final few months and 2024 dawns, banks may be on the prowl for acquisitions.

Details >
07/17/2023

Cryptocurrency deposits with no returns

FTC

How much do you know about cryptocurrency?

Details >
07/17/2023

Eight steps organizations can take after news of a state-sponsored cyberattack

SC Media

Microsoft announced Tuesday that they mitigated an attack by a China-based threat actor that targeted cloud-based customer emails in Microsoft 365 at about 25 organizations.

Details >
07/17/2023

Financial Friday: How to protect your kids from identity theft

WAFF 48

HUNTSVILLE, Ala. (WAFF) - Identity fraud is nothing new, but child identity fraud is still happening at an alarming rate. A study done by Javelin Strategy and Research shows a slight decline from 2021 to 2022.

Details >
07/17/2023

Founder of failed crypto lending platform Celsius Network arrested on fraud charges

Fox Business

The founder and former CEO of the failed cryptocurrency lending platform Celsius Network was arrested Thursday on federal fraud charges alleging that he schemed to defraud customers by misleading them about key aspects of the business.

Details >
07/17/2023

Bank robbery in downtown Miami briefly turns into a hostage situation, police say

Yahoo News

Miami police officers responding to reports of a bank robbery briefly had a hostage situation on their hands Friday afternoon, the department said.

Details >
07/17/2023

FCC Funding for Cybersecurity, New AI Company, FCC Proposal on Cell Phone Scams

Broad Band Breakfast

July 13, 2023 – The head of the Federal Communications Commission put out Wednesday a proposal to launch a pilot program to protect schools against cyber attacks.

Details >
07/17/2023

Woodbury man charged with multiple counts of tax fraud in connection to Cottage Grove businesses

Pioneer Press

A Woodbury businessman was charged with 13 felony tax crimes in relation to a landscaping business he owns and a haunted house business he operates, both located in Cottage Grove.

Details >
07/17/2023

Another man charged in downtown Minneapolis cell phone theft ring

Bring Me The News

A Minneapolis man is the latest person to be charged in a "cell phone theft ring" that has been plaguing the downtown night-life scene since last year.

Details >
07/17/2023

8 Pros and Cons of a Single Digital ID System

Make Use Of

Having one unifying digital ID could help streamline online activities and help inclusion. Or it could have the exact opposite effect.

Details >
07/17/2023

15 CNY Walmart stores hit by multistate skimming scheme

Inform NY

SYRACUSE, N.Y. (WSYR-TV) — After days of collecting information from multiple police departments, NewsChannel 9 has found a total of 15 Walmart stores were targeted as part of an interstate and four-day skimming scheme.

Details >
07/17/2023

The best way to protect your information from scammers? Recognize a phishing scam

FTC

Scammers know how valuable your personal and financial information is — and they’ll do or say almost anything to get it. What can you do to keep it safe?

Details >
07/17/2023

Computer System Security Requirements for IRS 1075: What You Need to Know

FORTRA

Any organization or agency that receives federal tax information (FTI) is now required to prove that their data protection policies meet IRS 1075 compliance standards. That means federal, state, county and local entities – as well as the contractors they employ – all fall within this scope.

Details >
07/14/2023

SEO Expert Hired and Fired By Ashley Madison Turned on Company, Promising Revenge

Krebs on Security

It was around 9 p.m. on Sunday, July 19, when I received a message through the contact form on KrebsOnSecurity.com that the marital infidelity website AshleyMadison.com had been hacked.

Details >
07/14/2023

20% of malware attacks bypass antivirus protection

Help Net Security

Security leaders are concerned about attacks that leverage malware-exfiltrated authentication data, with 53% expressing extreme concern and less than 1% admitting they weren’t concerned at all, according to SpyCloud.

Details >
07/14/2023

FedNow: Instant Payments or Instant Fraud

Fintech Nexus

July has come full of expectations. The long-awaited FedNow is (apparently) on the brink of launch. Despite The ClearingHouse launching its own Real-Time Payments (RTP) Network in 2017, there is a sense that FedNow will be different.

Details >
07/14/2023

Armored car guard shot, Milwaukee bank robbed again

Milwaukee Fox 6

MILWAUKEE - A 55-year-old armored car guard was shot Thursday, July 13, near 79th and Capitol in Milwaukee during a robbery.

Details >
07/14/2023

Consumers Have Ditched Cash and Paper Checks – Why Haven’t CFOs?

PYMNTS

In today’s hostile macroclimate, every competitive edge counts for businesses looking to navigate ongoing headwinds.

Details >
07/14/2023

K.C. Chiefs ‘superfan’ accused of string of bank stick-ups in U.S., including two in Twin Cities

Pioneer Press

A diehard Kansas City Chiefs fan known on social media and at games as “ChiefsAholic” is accused of robbing six banks across the central U.S. last year, and trying to rob ones in Apple Valley and Savage on the same day.

Details >
07/14/2023

Cryptocurrency deposits with no returns

FTC

How much do you know about cryptocurrency? If your answer is “not much,” that’s exactly what crypto scammers want to hear. And that’s exactly who one cryptocurrency company targeted with its false and misleading claims, according to a lawsuit filed by the FTC.

Details >
07/12/2023

Culture, ethics audits can prevent malfeasance: study

CFO Dive

Companies are failing to prioritize assessments of their work culture and missing an opportunity to ward off corporate wrongdoing that can occur when values are mismatched, a recent study by AuditBoard found.

Details >
07/12/2023

Flaw in Revolut payment systems exploited to steal $20 million

Help Net Security

Organized criminal groups exploited a flaw in Revolut’s payment systems and made off with $20+ million of the company’s money, the Financial Times reported on Sunday, citing people with knowledge of the situation.

Details >
07/12/2023

How Are Higher Ed Cyber Attacks Evolving?

Government Technology

Despite efforts to combat ransomware attacks on higher ed institutions, the education sector remains one of the most targeted industries as more vulnerabilities and data incentivize hackers.

Details >
07/12/2023

BofA to Pay $250M Over Extra Fees, Unauthorized Cards

Wealth Management

(Bloomberg) -- Bank of America Corp. agreed to pay $150 million in fines and $100 million to customers for improperly charging extra fees, withholding rewards and opening unauthorized credit-card accounts, US regulators said.

Details >
07/12/2023

Omaha police investigating bank robbery after man allegedly threatens teller on the phone

KETV Omaha

OMAHA, Neb. — Omaha police are investigating a bank robbery that occurred Monday afternoon.

Details >
07/11/2023

Trio Arrested for Extensive Identity Theft Operation and Drug Possession

Florida News 610 WIOD

Monroe County, FL - Three individuals are facing criminal charges after law enforcement discovered a trove of stolen or forged identity documents in a South Florida motel room.

Details >
07/11/2023

Microsoft Fixes NoAuth Flaws, Prevents Account Takeover

Security Boulevard

Microsoft has admitted that a vulnerability has been discovered in its Azure Active Directory (AD) Open Authorization (OAuth) process which facilitates hackers a complete account takeover.

Details >
07/11/2023

The high cost for fraud and fees for the 'unbanked'

Fox 5 Atlanta

ATLANTA - The FDIC reports that about 6 million Americans are "unbanked." That means they have no savings or checking accounts. This kind of money management can be unsafe and expensive.

Details >
07/11/2023

Apple & Microsoft Patch Tuesday, July 2023 Edition

Krebs on Security

Microsoft Corp. today released software updates to quash 130 security bugs in its Windows operating systems and related software, including at least five flaws that are already seeing active exploitation.

Details >
07/11/2023

Top Suspect in 2015 Ashley Madison Hack Committed Suicide in 2014

Krebs on Security

When the marital infidelity website AshleyMadison.com learned in July 2015 that hackers were threatening to publish data stolen from 37 million users, the company’s then-CEO Noel Biderman was quick to point the finger at an unnamed former contractor.

Details >
07/10/2023

New Phishing Attack Spoofs Microsoft 365 Authentication System

Hack Read

Vade, a provider of email security and threat detection services, has released a report on a recently discovered phishing attack that involves the spoofing of the Microsoft 365 authentication system.

Details >
07/10/2023

Cyber Extortion Cases Surge 39% Annually

Info Security Magazine

Incidents of online extortion reported to the police increased by nearly two-fifths in 2022 compared to a year previously, according to international law firm RPC.

Details >
07/10/2023

FTC revs up money transfer case against Walmart

Payments Dive

The Federal Trade Commission revved up its case against Walmart last week, alleging the retailer facilitated fraudulent transactions, despite a court ruling setback in March.

Details >
07/10/2023

Moody’s report spotlights FedNow downside

Payments Dive

Dive Brief: The credit ratings agency Moody’s Investors Service this week spelled out potential drawbacks of the real-time payments system FedNow, which the Federal Reserve plans to launch next month, saying some payments players that “rely heavily” on card interchange fees for revenue could suffer.

Details >
07/10/2023

Steer clear of scams while shopping on Amazon Prime Day 2023

NBC Miami

As consumers look forward to Amazon Prime Day to snag deals, it's essential to stay vigilant against potential scams.

Details >
07/06/2023

Did you hear the SCOTUS decision on student loan debt relief? So did scammers.

FTC

If you have federal student loans, you’ve probably heard about the Supreme Court decision and know that repayments are restarting in October.

Details >
07/06/2023

AI linked to new crop of business email scams

Cyber Security Dive

Generative artificial intelligence tools such as ChatGPT could be aiding the proliferation of more convincing email scams aimed at stealing money from businesses, according to cybersecurity firm Fortra.

Details >
07/06/2023

AI linked to new crop of business email scams

Cyber Security Dive

Generative artificial intelligence tools such as ChatGPT could be aiding the proliferation of more convincing email scams aimed at stealing money from businesses, according to cybersecurity firm Fortra.

Details >
07/06/2023

Mastermind of $10 million Amazon fraud scheme sentenced to 16 years in federal prison

U.S. Attorney's Office Northern District of Georgia

ATLANTA - Kayricka Wortham has been sentenced for stealing more than $9.4 million from Amazon.com while employed as a manager for the company. Seven individuals, including Wortham, have now been charged in connection with the scheme.

Details >
07/06/2023

Ransomware criminals post kids’ private files after school hacks in Twin Cities, elsewhere

Tiwn Cities Pioneer Press

The confidential documents stolen from schools and dumped online by ransomware gangs are raw, intimate and graphic.

Details >
07/06/2023

Russian Cybersecurity Executive Arrested for Alleged Role in 2012 Megahacks

Krebs on Security

Nikita Kislitsin, formerly the head of network security for one of Russia’s top cybersecurity firms, was arrested last week in Kazakhstan in response to 10-year-old hacking charges from the U.S. Department of Justice.

Details >
07/06/2023

Who’s Behind the DomainNetworks Snail Mail Scam?

Krebs on Security

If you’ve ever owned a domain name, the chances are good that at some point you’ve received a snail mail letter which appears to be a bill for a domain or website-related services.

Details >
07/06/2023

Fraud Alert: Scammers impersonate Office for Victims of Crime

Lowndes Signal

The Office of Justice Programs’ Office for Victims of Crime (OVC) has received multiple reports that individuals claiming to represent OVC, or other Department of Justice (DOJ) agencies, are calling members of the public as part of imposter scams, announced United States Attorney Sandra J. Stewart.

Details >
07/06/2023

Microsoft Warns of Russia-Backed Credentials Stealing Campaign

MSSP Alert

Microsoft’s security team recently said that it had found evidence of a jump in cyber attacks orchestrated by the Russian state-backed Midnight Blizzard crew eyeing personal credentials.

Details >
07/06/2023

Expert offers advice on how to avoid becoming victim of check fraud

CBS News Miami

MIAMI - Stopping finance fraud is a full-time job, on top of the one a local business owner already has.

Details >
07/06/2023

Cyber Attack on Suncor Energy Indefinitely Suspends Electronic Payments at Canadian Gas Stations

CPO Magazine

Motorists who have pulled up to one of Canada’s Petro-Canada gas stations in the last few days have been greeted by “cash only” signs, as a cyber attack on parent company Suncor Energy has disrupted the company’s payment and loyalty reward systems.

Details >
07/06/2023

From Portugal to the Philippines, Real-Time Payments Increase Their Global Footprint

PYMNTS

Real-time payments have gained significant traction worldwide, revolutionizing how consumers and businesses conduct financial transactions.

Details >
07/06/2023

NHS Barts trust attacked by ransomware gang

Cyber Security HUB

Russian ransomware gang BlackCat has allegedly stolen 7TB of data from the NHS Trust

Details >
07/06/2023

IRS warns of new identity theft scam that comes through the mail

Central Oregon Daily

The IRS is warning of a new identity theft scam intending to make you believe you are owed a refund. This one comes through the mail, but has many of the hallmarks of email and text scams.

Details >
07/06/2023

Sanford bank robbery sparks investigation near Bank of America

Orlando 6

SANFORD, Fla. – There was a heavy law-enforcement presence in Sanford on Wednesday following a bank robbery, according to the Seminole County Sheriff’s Office.

Details >
07/06/2023

It may not be safe to mail checks anymore. U.S. Postal Service shares tips to fight rise in crime.

USA Today

Neither snow nor rain nor heat nor gloom of night, the adage goes, will stop postal workers from delivering the mail. But what about armed robbery?

Details >
07/02/2023

Bloomington murder-suicide tied to securities fraud in Minnesota small towns

Star Tribune

U.S. securities regulators claim perpetrator and victims of the killings raised over $3.7 million for fraudulent stock trading scheme

Details >
07/02/2023

The Great Grift: More than $200 billion in COVID-19 aid may have been stolen, federal watchdog says

WIZM

WASHINGTON (AP) — More than $200 billion may have been stolen from two large COVID-19 relief initiatives, according to new estimates from a federal watchdog investigating federally funded programs that helped small businesses survive the worst public health crisis in more than a hundred years.

Details >
06/30/2023

78 people charged in $2.5 billion health care fraud schemes targeting elderly, disabled: DOJ

USA Today

The U.S. Department of Justice has charged 78 people for their alleged participation in health care fraud and opioid abuse schemes valued at $2.5 billion.

Details >
06/28/2023

Microsoft Teams Attack Skips the Phish to Deliver Malware Directly

Dark Reading

Exploiting a flaw in how the app handles communication with external tenants gives threat actors an easy way to send malicious files from a trusted source to an organization's employees, but no patch is imminent.

Details >
06/28/2023

FedNow battles conspiracy theories

Payments Dive

The Federal Reserve’s new instant payments system is confronting disinformation as it gears up for a launch, likely late next month.

Details >
06/28/2023

FedNow battles conspiracy theories

Payments Dive

The Federal Reserve’s new instant payments system is confronting disinformation as it gears up for a launch, likely late next month.

Details >
06/28/2023

Man gave teller note demanding $1,200 in downtown Grand Rapids bank robbery

Michigan Live

GRAND RAPIDS, MI – A man walked into a downtown Grand Rapids bank, wearing all dark clothing, and gave a bank teller a note.

Details >
06/28/2023

Police, FBI investigating bank robberies in Western Springs, Oak Lawn

ABC 7 Eyewitness News

CHICAGO (WLS) -- The FBI and local police are investigating two robberies that happened Tuesday, one in Western Springs and one in south suburban Oak Lawn.

Details >
06/28/2023

FACEBOOK'S CREEPY NEW AI CAN REPLICATE YOUR FRIENDS' VOICES

Futurism

Meta-formerly-Facebook has unveiled a "breakthrough" new text-to-speech AI that can edit existing audio, speak in six languages, and — in a more unsettling turn — replicate your loved ones' voices.

Details >
06/28/2023

SMS Phishers Harvested Phone Numbers, Shipment Data from UPS Tracking Tool

Krebs on Security

The United Parcel Service (UPS) says fraudsters have been harvesting phone numbers and other information from its online shipment tracking tool in Canada to send highly targeted SMS phishing (a.k.a. “smishing”) messages that spoofed UPS and other top brands. The missives addressed recipients by name, included details about recent orders, and warned that those orders wouldn’t be shipped unless the customer paid an added delivery fee.

Details >
06/28/2023

U.K. Cyber Thug “PlugwalkJoe” Gets 5 Years in Prison

Krebs on Security

Joseph James “PlugwalkJoe” O’Connor, a 24-year-old from the United Kingdom who earned his 15 minutes of fame by participating in the July 2020 hack of Twitter, has been sentenced to five years in a U.S. prison.

Details >
06/28/2023

CFPB Takes Action Against ACI Worldwide for Illegally Processing $2.3 Billion in Mortgage Payments that Homeowners Did Not Authorize

CFPB

ACI will pay a $25 million penalty for data handling practices that negatively impacted nearly 500,000 homeowners whose mortgages were serviced by Mr. Cooper

Details >
06/28/2023

Interchange bill would reduce fraud protection, offer little consumer savings

CUNA

The Big Box interchange bill would reduce funding for fraud protection with little or no consumer savings, Veridian Credit Union CEO Renee Christoffer wrote in The Gazette. CUNA, Leagues, and credit unions strongly oppose the Marshall-Durbin-Gooden-Lofgren bill as introduced earlier this month.

Details >
06/28/2023

3 widespread scams even smart people can fall for

Business Insider

With inflation still causing an uptick in costs, many are looking for ways to get out of debt and trying to pinch pennies.

Details >
06/28/2023

2 accused of running ‘paper plant,’ use fake checks to swindle victims out of $80,000, deputies say

WSB-TV

FAYETTEVILLE, Ga. — A man and a woman are facing multiple charges including fraud after deputies said they produced a “paper plant” and scammed victims out of more than $80,000.

Details >
06/28/2023

4 common types of business fraud to watch out for — and how to prevent them

Sioux Falls Business

Business owners face a myriad of challenges when it comes to running a successful enterprise. One of the most rapidly increasing challenges relates to that forbidden f-word: fraud.

Details >
06/28/2023

Publishers Clearing House deceived consumers about their sweepstakes contests, FTC says

FTC

It’s illegal for a company to tell someone to pay to enter a sweepstakes contest, or that buying something increases their odds of winning.

Details >
06/28/2023

May ransomware activity rises behind 8base, LockBit gangs

TechTarget

LockBit was the most active group last month, but NCC Group researchers were surprised by 8base, which started listing victims from attacks that occurred beginning in April 2022.

Details >
06/28/2023

Dallas to require online reporting for some crimes instead of calling 911

The Dallas Morning News

The Dallas Police Department will soon mandate that residents report a slew of low-priority calls online instead of by calling 911 in hopes of freeing more officers for serious crimes.

Details >
06/27/2023

Florida man pleads guilty to fraud and identity theft, as part of felony lane gang scheme

News Channel 13

Cedric Lynch pled guilty Friday to federal charges of conspiracy to commit bank fraud and aggravated identity theft. Lynch admitted that he was involved in a fraud scheme known as “felony lane gang” between 2015 and 2020. Lynch and his co-conspirators – one of whom was from Schenectady – traveled across the country breaking into cars, stealing items used in identity theft.

Details >
06/27/2023

Real-Time Payments Fraud Detection Feature Introduced by Jack Henry

Crowdfund Insider

Jack Henry (Nasdaq: JKHY) announced the launch of Payrailz Fraud Monitor, a cloud-native, AI-based feature of the Payrailz Digital Payments Platform that “provides real-time fraud detection when payment transactions are initiated.”

Details >
06/26/2023

Vancouver art student claims she lost hundreds in social media scam

City News Everywhere

An art student in Vancouver claims she lost hundreds of dollars to a fraudster who she thought was buying her work.

Details >
06/26/2023

Grand Rapids Police arrest man in downtown bank robbery

Channel 3 News

GRAND RAPIDS, Mich. — A suspect is in custody for robbing a bank in downtown Grand Rapids on June 22, Grand Rapids Police announced Monday.

Details >
06/23/2023

SMS Phishers Harvested Phone Numbers, Shipment Data from UPS Tracking Tool

Krebs on Security

The United Parcel Service (UPS) says fraudsters have been harvesting phone numbers and other information from its online shipment tracking tool in Canada to send highly targeted SMS phishing (a.k.a. “smishing”) messages that spoofed UPS and other top brands.

Details >
06/21/2023

Check fraud on the rise, costing people and businesses thousands

WSAW - TV

WAUSAU, Wis. (WSAW) - Check fraud is on the rise again and experts have said personal checks are very easy to print on a computer where criminals can “wash” them to create blank checks.

Details >
06/21/2023

Restaurant hired fake priest to extract ‘confessions’ from workers, feds say

MSN

A taqueria chain in California has been ordered by the Department of Labor to pay $140,000 in back pay and damages to 35 employees for a range of infractions, including hiring a fake priest to elicit “confessions” from its workers.

Details >
06/20/2023

Mexico and Peru to Follow Brazil’s Real-Time Payments Footsteps

PYMNTS

Despite large proportions of unbanked households hampering real-time payments adoption in Latin America, some countries in the region are expected to see massive real-time payments growth in the coming years.

Details >
06/20/2023

Microsoft admitted it was targeted in a cyber attack claimed by a Russian-linked group called Anonymous Sudan

Yahoo

The disruptions to Microsoft’s services earlier this month were indeed the result of hacks, the software giant has admitted.

Details >
06/20/2023

Richfield man charged with alleged check fraud in Eden Prairie

Home Town Source

Aammir Rashaad Freese, 29 of Richfield, was charged via summons with one count of check forgery after allegedly cashing checks last July from Marathon Orthodontics in Eden Prairie.

Details >
06/20/2023

A 3-hour phone call that brought her to tears: Imposter scams cost Americans billions

NPR

It was a Monday in the middle of the day when Valeria Haedo got a phone call from a number she didn't recognize. She doesn't normally pick those up, but she did that day.

Details >
06/20/2023

Senators Demand Answers From Venmo and Cash App on Fraud

PYMNTS

A quartet of Senate Democrats want Venmo and Cash App to offer better fraud protection.

Details >
06/18/2023

Every Louisiana driver’s license holder exposed in colossal cyber-attack

The Guardian

Personal details for every holder of a driver’s license from the US state of Louisiana were exposed to hackers who have pulled off a colossal cyber-attack that also affected American federal agencies, British Airways and the BBC, according to officials.

Details >
06/18/2023

Man in custody after barricading inside St. Petersburg Wells Fargo bank, police say

Tampa Bay Times

A man barricaded himself inside a Wells Fargo bank in St. Petersburg for about an hour on Friday afternoon before he was taken into custody, police said.

Details >
06/18/2023

Victims speak out over ‘tsunami’ of fraud on Instagram, Facebook and WhatsApp

The Guardian

The social media giant Meta is facing growing pressure from MPs, consumer groups and the UK banking sector over its failure to prevent a “tsunami” of fraud on Facebook, Instagram and WhatsApp, where Britons are losing “life-changing” sums every day.

Details >
06/18/2023

How Banks and Merchants Make Payments Easy While Keeping Them Safe

PYMNTS

Today’s new digital operating environment is ripe with opportunities for payment innovations.

Details >
06/18/2023

Bank robber that threatened employees with an alleged bomb is on the run

WDEL

The Bear Wells Fargo was robbed yesterday evening at around 5 p.m. and police are asking for the public's help to identify the suspect.

Details >
06/18/2023

Bank Robbery Suspect Fled by Bike After Stealing $20K—and Is Still at Large

Bicycling

“I have a gun and a bag and I don’t want anyone to go to hell today,” is what the suspect said as he was robbing the Citibank branch at 25-91 Steinway St. in Astoria on Wednesday, June 14th in the middle of the afternoon. According to the Astoria Post, the suspect pressed an object into a bank employee’s back and said it was a gun.

Details >
06/18/2023

Milwaukee HSA Bank fraud scheme; former employee, man charged

Fox 6 Milwaukee

MILWAUKEE - Two people, including a former Milwaukee HSA Bank employee, are charged with multiple counts in a scheme that involved using customers' personal information to steal thousands of dollars.

Details >
06/18/2023

Microsoft says early June service outages were triggered by cyber attacks

The Straits Times

WASHINGTON – The outages that affected certain Microsoft services on some days in early June were the result of cyber attacks. But the tech giant noted it saw no evidence of any customer data being accessed or compromised.

Details >
06/18/2023

Data breach impacts MN Department of Education

KARE 11

MDE says one of its servers was hit by a global cyber security attack targeting MOVEit software. Files accessed contained data from more than 95,000 students.

Details >
06/18/2023

Saturday Morning Heist: Two Men Pull off Violent, Daring Bank Robbery in Frankfort

County Herald

FRANKFORT TOWNSHIP – Two armed men executed a daring bank robbery in Unincorporated Frankfort Township, striking fear into the hearts of customers and employees as they gained access to the vault.

Details >
06/16/2023

Woman, 78, to be released on special conditions after allegedly robbing Pleasant Hill bank

Bank Robbery

A 78-year-old woman accused of robbing a Pleasant Hill bank will be released from jail Thursday after her bond was reduced, according to court documents.

Details >
06/15/2023

Nashville woman loses life savings in ‘intricate’ identity theft scam

WATE

NASHVILLE, Tenn. (WKRN) —“They didn’t miss a beat.” That’s how a Nashville woman describes her phone call conversations with scammers who claimed her identity was stolen. She is now warning others after she handed over her entire life savings.

Details >
06/15/2023

AI Regulation: How Could It Impact Everyday Life for Consumers and Businesses

PYMNTS

Different AI regulatory regimes are currently emerging across Europe, the United States, China, and elsewhere. But what do these new regulatory regimes mean for companies and their adoption of self-regulatory and compliance-based tools and practices?

Details >
06/15/2023

CISA Order Highlights Persistent Risk at Network Edge

Krebs on Security

The U.S. government agency in charge of improving the nation’s cybersecurity posture is ordering all federal agencies to take new measures to restrict access to Internet-exposed networking equipment. The directive comes amid a surge in attacks targeting previously unknown vulnerabilities in widely used security and networking appliances.

Details >
06/15/2023

Blaine Business Owner Indicted for $600,000 Scheme to Defraud Hundreds of Jobseekers

United States Attorney's Office District of Minnesota

MINNEAPOLIS – A Blaine man has been indicted on wire fraud charges after devising an employment opportunity scheme to defraud hundreds of jobseekers out of approximately $600,000, announced United States Attorney Andrew M. Luger.

Details >
06/15/2023

Bloomington Man Pleads Guilty to Wire Fraud in $250 Million Feeding Our Future Fraud Scheme

United States Attorney's Office District of Minnesota

MINNEAPOLIS – A Bloomington man has pleaded guilty to his role in the $250 million fraud scheme that exploited a federally-funded child nutrition program during the COVID-19 pandemic, announced U.S. Attorney Andrew M. Luger.

Details >
06/15/2023

Microsoft identifies new hacking unit within Russian military intelligence

Cyberscoop

Dubbed "Cadet Blizzard," the hacking group carried out operations targeting Ukrainian infrastructure in the run-up to the Russian invasion.

Details >
06/15/2023

Johns Hopkins impacted by widespread cyberattack, sensitive information may be affected

WBAL TV 11

BALTIMORE — Johns Hopkins University and Health System said it is investigating a recent cybersecurity attack that impacted its systems.

Details >
06/15/2023

Charges: Accused Inver Grove Heights bank robber says it ‘was a joke’

KSTP 5 Minneapolis, MN

A man who is now facing criminal charges after he allegedly robbed an Inver Grove Heights bank last week told police it “was a joke,” court documents state.

Details >
06/15/2023

Pandemic Fraud Is Really, Truly Not a Big Deal

Prospect

The media’s focus on waste misses key context, and ignores the stunning success of the lockdown-era welfare state.

Details >
06/14/2023

Have you been getting scammy text messages?

FTC

If you get tons of scam text messages, you’re not alone. Lots of people have been reporting to the FTC that they’re getting texts from scammers impersonating people and organizations you know and trust — like your bank or companies like Amazon.

Details >
06/14/2023

Brooklyn Center Man Sentenced to 30 Months in Prison for Insurance Fraud After Staging a Politically Motivated Arson Attack

United States Attorney's Office District of Minnesota

MINNEAPOLIS – A Brooklyn Center man was sentenced to 30 months in prison, followed by one year of supervised release and ordered to pay $3,850 in restitution and an $18,381 fine for filing fraudulent insurance claims for a staged arson, announced U.S. Attorney Andrew M. Luger.

Details >
06/14/2023

Microsoft Patch Tuesday, June 2023 Edition

Krebs on Security

Microsoft Corp. today released software updates to fix dozens of security vulnerabilities in its Windows operating systems and other software.

Details >
06/14/2023

Cases of check fraud escalate dramatically, with Americans warned not to mail checks if possible

WOKV Jacksonville

NEW YORK — (AP) — Check fraud is back in a big way, fueled by a rise in organized crime that is forcing small businesses and individuals to take additional safety measures or to avoid sending checks through the mail altogether.

Details >
06/14/2023

Three suspects apprehended in Louisville in connection with Boulder bank robbery

Yahoo News

Jun. 12—Three suspects have been taken into custody by Louisville police in relation to a Boulder bank robbery that occurred Monday morning.

Details >
06/14/2023

A Bank Robbery Was Foiled When The Getaway Car Is Stolen

Rock929

Sometimes life just isn’t fair. Alan Duncan, from Minnesota, traveled over to Chicago, reportedly with the master plan of robbing banks.

Details >
06/14/2023

PCI DSS 4.0 Requirements – Protect from Malicious Software and Maintain Secure Systems and Software

FORTRA

We often hear how a company was compromised by a sophisticated attack. This characterization contains all the romantic thrill of a spy movie, but it is usually not how most companies are victimized.

Details >
06/14/2023

ChatGPT and Data Privacy

FORTRA

In April 2023, German artist Boris Eldagsen won the open creative award for his photographic entry entitled, Pseudomnesia: The Electrician. But, the confusing part of the event for the judges and the audience was that he refused to receive the award.

Details >
06/14/2023

Minding Your Data Leaks: Simple Steps to Help Prevent Leaks

FORTRA

If you mention data leakage to most people, they may think that it sounds like a problem for a plumber, but the phrase “data leak” has specific and troubling concerns for a business. Data leakage is a particular security threat, and there are many sources for data leaks.

Details >
06/14/2023

Malware menaces Minecraft mods

FORTRA

If you, or your kids, are fans of Minecraft - you might be wise not to download any new mods of plugins for a while.

Details >
06/12/2023

UBS completes Credit Suisse takeover. Here’s what it means

WSILTV.com

London (CNN) — UBS has finalized its emergency takeover of fallen rival Credit Suisse, creating a giant Swiss bank with nearly $1.7 trillion in assets in the biggest banking tie-up since the 2008 global financial crisis.

Details >
06/12/2023

Bank robbery suspect robs second Brentwood bank in almost 2 weeks, police say

WSMV 4

NASHVILLE, Tenn. (WSMV) - Brentwood Police say a suspect has robbed a second bank in almost two weeks and are seeking the public’s help in identifying him.

Details >
06/12/2023

Judge rejects late claim in massive bank fraud case involving Aaron Marshbanks

Nebraska Examiner

LINCOLN — A judge on Friday rejected an effort by a friend and partner of deceased businessman Aaron Marshbanks to file a late claim against the businessman’s estate, which is wrapped up in perhaps the largest case of bank fraud in state history.

Details >
06/12/2023

Synthetic identity theft makes a serious threat even worse

Consumer Affairs

In its most recent reporting year, the Federal Trade Commission (FTC) counted 1.4 million cases of identity theft, in which a criminal assumes the victim’s identity and opens credit accounts in their name.

Details >
06/12/2023

The Great Grift: How billions in COVID-19 relief aid was stolen or wasted

AP News

WASHINGTON (AP) — Much of the theft was brazen, even simple. Fraudsters used the Social Security numbers of dead people and federal prisoners to get unemployment checks. Cheaters collected those benefits in multiple states. And federal loan applicants weren’t cross-checked against a Treasury Department database that would have raised red flags about sketchy borrowers.

Details >
06/12/2023

Providence Man Sentenced for Role in Counterfeit Check Scheme

United States Attorney's Office District of Rhode Island

PROVIDENCE – A Providence man who willingly participated in a bank fraud scheme that obtained the bank routing and account information of unsuspecting individuals, and later used that information to create and deposit counterfeit checks and withdraw funds, has been sentenced to two years in federal prison, announced United States Attorney Zachary A. Cunha.

Details >
06/12/2023

Boulder police seek woman in U.S. Bank robbery

Colorado Hometown Weekly

A bank robbery occurred just after 11:30 this morning at the U.S. Bank at 1650 28th St., near Canyon Boulevard.

Details >
06/12/2023

Hackers access sensitive student data from Minnesota Department of Education

Bring me the News

Nearly 100,000 Minnesota students might be impacted by a global cyber-security attack that impacted the Minnesota Department of Education this week, state officials announced Friday.

Details >
06/11/2023

Live biometrics checks ‘the only way’ to prevent identity scams in finance

Biometric Update

In a recent podcast from PaymentsJournal, Micheal Sheehy, chief compliance officer at payments firm Payoneer, pointed to large-scale recent fraud cases such as the Equifax data breach, Covid unemployment scams, and PPP loans, saying that it has “really become obvious that the only way to prevent this fraud is a live biometric check.”

Details >
06/11/2023

Consumer Identity and Access Management (IAM) Market Is in Huge Demand : Major Giants Mitek Systems, LexisNexis Risk Solutions, Ping Identity

Digital Journal

NJ New Jersey, USA -- (SBWIRE) -- 06/09/2023 -- Advance Market Analytics published a new research publication on "Consumer Identity and Access Management (IAM) Market Insights, to 2028" with 232 pages and enriched with self-explained Tables and charts in presentable format.

Details >
06/11/2023

Digital Behavioral Fraud Gets Increasingly Personal

PYMNTS

Powered by technology like generative artificial intelligence (AI), behavioral-driven fraud is enjoying a modern renaissance.

Details >
06/11/2023

Younger, more extroverted, and more agreeable individuals are more vulnerable to email phishing scams

PsyPost

New research published in Applied Cognitive Psychology suggests that the older you are, the less susceptible you are to phishing scams. In addition, highly extroverted and agreeable people are more susceptible to this style of cyber attack.

Details >
06/11/2023

Sioux Falls man sentenced for August bank robbery

Fox Dakota News Now

SIOUX FALLS, S.D. (Dakota News Now) - A US District Judge has delivered a sentence for a Sioux Falls man who attempted to rob a bank last year.

Details >
06/11/2023

Government Overreached in Identity Theft Case, Supreme Court Rules Unanimously

NTD

The Supreme Court limited the reach of the federal Identity Theft Penalty Enhancement Act, unanimously rebuffing the Biden administration’s efforts to prosecute a man already convicted of Medicaid fraud with a separate charge of aggravated identity theft arising out of the same fraud case.

Details >
06/09/2023

Barracuda Urges Replacing — Not Patching — Its Email Security Gateways

Krebs on Security

It’s not often that a zero-day vulnerability causes a network security vendor to urge customers to physically remove and decommission an entire line of affected hardware — as opposed to just applying software updates.

Details >
06/09/2023

FBI releases identity of attempted bank robber arrested by BSO in Dania Beach

7 News Miami

PEMBROKE PINES, FLA. (WSVN) - The Federal Bureau of Investigation released information on the identity of the man arrested by Broward Sheriff’s Office deputies in Dania Beach after Wednesday’s attempted bank robbery in Pembroke Pines.

Details >
06/07/2023

Shoplifting arrest ends in busting identity theft scheme

The Daily World

What began as a simple arrest in Walmart in late February for shoplifting catapulted Aberdeen police down a rabbit hole as they investigated and got convictions on a man wanted for identity theft.

Details >
06/07/2023

Social Security News: Protect yourself from identity theft

Times Herald

Identity theft affects millions of people each year and can cause serious harm. Protect yourself by securing your personal information, understanding the threat of identity theft, and exercising caution.

Details >
06/07/2023

Service Rents Email Addresses for Account Signups

Krebs on Security

One of the most expensive aspects of any cybercriminal operation is the time and effort it takes to constantly create large numbers of new throwaway email accounts.

Details >
06/07/2023

Cyber Attack Due to Malicious Open-source Package

Security Boulevard

Open-source tools and packages are an essential part of the modern software development ecosystem. They are widely used by developers to speed up the development process and reduce the amount of work required to build complex systems.

Details >
06/07/2023

ChatGPT: Navigating the rising financial crime landscape in the digital age

Beta News

In-depth discussions with financial crime compliance decision makers from 10 leading U.S. financial institutions reveal that real-time digital payments, digital fraud, and cybercrime are the primary concerns for compliance teams in 2023.That said, there is a new player that has entered the scene and demands our attention: ChatGPT. It has the dual ability to help or hurt compliance and security teams.

Details >
06/04/2023

Brookfield Landmark Credit Union check cashing fraud, woman sought

Fox 6 Milwaukee

BROOKFIELD, Wis. - Brookfield police are looking for a woman who tried cashing a check that did not belong to her.

Details >
06/04/2023

Gen Z Consumers Give Banks Less Than a Passing Grade on Bank Authentication

PYMNTS

When consumers think about how secure their bank accounts are, that can trigger a powerful emotional response to what is ultimately a matter of bank-grade security.

Details >
06/04/2023

Beware of fake government scheme! Free laptop offer scam circulating online, PIB Fact Check reveals

Live Mint

A fraudulent scheme is currently circulating on the internet under the guise of the Indian government. Scammers are spreading false information to users, claiming that the government of India is providing complimentary laptops to students.

Details >
06/04/2023

Cyber security expert shares how to prevent summer travel scams

KENS5

AUSTIN, Texas — The summer travel season is upon us and scammers are coming up with ways to steal your money. Cybersecurity experts believe these travel scams are going to continue to grow as more people get back to traveling, which could cause billions of dollars in losses from fraud.

Details >
06/04/2023

BBB warns of summer scams preying on job seekers, vacationers

ABC 7 Eyewitness News

CHICAGO (WLS) -- As summer approaches, scammers are turning up the heat to get to your money.

Details >
06/02/2023

Delegated Authentication Helps Speed the Shift to Passwordless Future

PYMNTS

In a world where online commerce continues its inexorable rise, authentication and transaction processes have become more critical than ever.

Details >
06/01/2023

Bank Robbery Update: New details emerge from Princeton heist

KTTN

More information has been released regarding the bank robbery in Princeton on May 19th.

Details >
06/01/2023

Data Orchestration Can Beat Fraudsters at Their GPT Identity-Theft Games

PYMNTS

Financial fraud is growing faster and more sophisticated, making smart defense crucial for today’s organizations.

Details >
05/31/2023

Capita cyber-attack: 90 organisations report data breaches

The Guardian

About 90 organisations have reported breaches of personal information held by Capita after the outsourcing group suffered a cyber-attack, Britain’s data watchdog has said.

Details >
05/31/2023

$4 million food stamp fraud ring leads to 3 arrests in Michigan

MLive Michigan

LANSING, MI – Three Michiganders are under arrest in connection with a $4 million interstate food stamp fraud ring, Attorney General Dana Nessel announced Tuesday.

Details >
05/31/2023

Discord Admins Hacked by Malicious Bookmarks

Krebs on Security

A number of Discord communities focused on cryptocurrency have been hacked this past month after their administrators were tricked into running malicious Javascript code disguised as a Web browser bookmark.

Details >
05/31/2023

California man pleads guilty to $1.2M financial fraud scheme after HSI-led investigation

U.S. Immigration and Customs Enforcement

SANTA ANA, Calif. — A convicted felon from Orange County who used Instagram to teach his followers how to defraud banks pleaded guilty May 30 to conspiring with a bank employee and others to commit a check fraud scheme in which they sought $1.2 million.

Details >
05/30/2023

Veterans Should Look Out for These Scams

Kiplinger.com

If you thought those Camp Lejeune liability ads all over TV are scams, well, the Veterans Administration says some may be. And this is just the latest in a line of scams directed at veterans.

Details >
05/30/2023

MCNA Dental breach exposed nearly 9M people

Cybernews

MCNA, a US-based dental benefits manager, notified millions of clients about a data breach that exposed their government ID’s, Social Security numbers, and driver’s license details.

Details >
05/30/2023

Man walks in on bank robbery, stops suspect with hug

KNOP News 2

WOODLAND, Calif. (KCRA) - Police say a customer at a California bank convinced a would-be robber to walk away. He didn’t use a weapon or physical restraint to do it – just empathy.

Details >
05/30/2023

Rush City Woman Pleads Guilty to $1.8 Million Scheme Involving Romance Fraud and Federal Pandemic Programs

U.S. Attorney's Office District of Minnesota

MINNEAPOLIS – A Rush City woman has pleaded guilty to mail fraud after participating in multiple schemes that defrauded individuals throughout the United States, announced U.S. Attorney Andrew M. Luger.

Details >
05/30/2023

Two Minneapolis Men Plead Guilty to Armed Carjacking

U.S. Attorney's Office District of Minnesota

ST PAUL, Minn. – Two Minneapolis men have pleaded guilty to carjacking, kidnapping, and holding a victim at gunpoint for several hours, announced U.S. Attorney Andrew M. Luger.

Details >
05/26/2023

Bank’s Best Customers Now Willing to Trade Convenience for Security

PYMNTS

Fueled by rising digital threats, security stands top of mind for retail banking customers. Nearly 7 in 10 worry about their personal and financial data vulnerability when engaging with online financial services.

Details >
05/26/2023

Phishing Domains Tanked After Meta Sued Freenom

Krebs on Security

The number of phishing websites tied to domain name registrar Freenom dropped precipitously in the months surrounding a recent lawsuit from social networking giant Meta, which alleged the free domain name provider has a long history of ignoring abuse complaints about phishing websites while monetizing traffic to those abusive domains.

Details >
05/25/2023

AT&T resolves issue that would allow account takeover through ZIP code and phone number

The Record

AT&T recently fixed a vulnerability that would have allowed anyone to take over someone’s account on ATT.com just by knowing their phone number and ZIP code.

Details >
05/25/2023

Senior News: Carry only essentials to help avoid identity theft

Columbia Gorge News

With identity theft rampant, identity fraud cost 40 million Americans a combined $43 billion in 2022, according to an AARP-sponsored report from Javelin Strategy & Research. One safeguard is to keep only the essentials in your pocket or purse.

Details >
05/24/2023

Dish confirms cyber attack impacting 300,000 employees

Info Tech Lead

US-based satellite television giant Dish has confirmed that hackers stole the personal information of about 300,000 employees in a ransomware attack in February, TechCrunch reported.

Details >
05/24/2023

The timeline: Records show the immediate aftermath of the cyber attack on Rochester Public Schools

Post Bulletin

Although the district initially shut everything on its network down, it soon after restored email access to the district's top administration.

Details >
05/23/2023

Father and son sentenced for decadelong, $20 million lottery fraud scheme

AP News

BOSTON (AP) — A father and son from Massachusetts have both been sent to prison for running an elaborate lottery fraud scheme designed to enrich themselves and help prize winners avoid paying taxes on their windfall, prosecutors said.

Details >
05/23/2023

Rush City Woman Pleads Guilty to $1.8 Million Scheme Involving Romance Fraud and Federal Pandemic Programs

US Attorney's Office District of Minnesota

MINNEAPOLIS – A Rush City woman has pleaded guilty to mail fraud after participating in multiple schemes that defrauded individuals throughout the United States, announced U.S. Attorney Andrew M. Luger.

Details >
05/23/2023

Scammers are hijacking job ads. Here’s how to spot the fakes

FTC

Scammers are taking outdated ads from real employers, changing them, and

Details >
05/19/2023

Re-Victimization from Police-Auctioned Cell Phones

Krebs on Security

Countless smartphones seized in arrests and searches by police forces across the United States are being auctioned online without first having the data on them erased, a practice that can lead to crime victims being re-victimized, a new study found.

Details >
05/19/2023

Russian Hacker “Wazawaka” Indicted for Ransomware

Krebs on Security

A Russian man identified by KrebsOnSecurity in January 2022 as a prolific and vocal member of several top ransomware groups was the subject of two indictments unsealed by the Justice Department today. U.S. prosecutors say Mikhail Pavolovich Matveev, a.k.a. “Wazawaka” and “Boriselcin” worked with three different ransomware gangs that extorted hundreds of millions of dollars from companies, schools, hospitals and government agencies.

Details >
05/19/2023

Duluth Man Pleads Guilty to Wire Fraud for Operating Fraudulent Law Firm

United States Attorney's Office District of Minnesota

MINNEAPOLIS – A Duluth man has pleaded guilty to wire fraud after pretending to operate a law firm and defrauding an individual out of thousands of dollars in legal fees, announced U.S. Attorney Andrew M. Luger.

Details >
05/19/2023

More than 1M tax returns flagged for potential identity fraud: IRS

The Hill

More than 1 million tax returns have been flagged for potential identity fraud with more than $6 billion in refunds requiring additional review, according to the IRS.

Details >
05/19/2023

USPS focuses on fraud, employee safety

Minot Daily News

WASHINGTON — The United States Postal Service and United States Postal Inspection Service have announced expanded actions to protect postal employees and the security of the nation’s mail and packages as threats and attacks on letter carriers and mail fraud incidents have escalated with a national rise in crime.

Details >
05/19/2023

Scam Alert: Fake advanced pay checks from fake FBI email

Wach Fox 57

NEWBERRY COUNTY, S.C. (WACH) — Newberry County officials are warning people of an alleged check scam using legitimate companies, and a fake FBI Gmail account.

Details >
05/19/2023

Police: Robbers steal ATM from Chase bank in southwest Miami-Dade

Local 10 - Miami

MIAMI-DADE COUNTY, Fla. – A pair of robbers are on the run on Thursday morning after stealing an ATM from a bank in southwest Miami-Dade.

Details >
05/19/2023

Open Banking Needs Regulatory Nod to Boost Real-Time Payments

PYMNTS

Open banking and instant payments are two of the most exciting trends in digital banking today. Both of these services improve the financial lifestyles of consumers and businesses.

Details >
05/19/2023

Investment scam targeting WeChat groups

FTC

A so-called investment opportunity reportedly took the social media platform WeChat by storm — and stole millions from the Chinese community in the U.S. A flurry of social media posts urged people to “invest” in various household goods and electronics, promising returns of 20-40% in 1-3 months. But it was really a scam. Want to know how to spot it?

Details >
05/19/2023

Avoiding scams that target immigrants

FTC

When there are big changes that lead to confusion, scammers prosper. Pretty much always.

Details >
05/16/2023

Protecting our digitally-connected world is a top priority and focus of the FBI.

IC3.gov

Between staying connected with family and friends, shopping and banking online, and working remotely, we all depend on security in our interconnected digital world.

Details >
05/16/2023

Elderly Woman Allegedly Robs New Orleans Bank: ‘Your Bank is Being Robbed’

Breit Bart

An elderly woman with a walker approached the teller at a Chase Bank branch in New Orleans, Louisiana, apparently with one goal in mind: She was going to rob the bank.

Details >
05/15/2023

United States Postal Service announces new security measures to address increase in mail theft

CBS Texas

DALLAS (CBSNewsTexas.com) – Stolen mail, check fraud and attacks on letter carriers – the U.S. Postal Service has seen enough and that why it has announced new security measures to hopefully address an increase in all three of those crimes.

Details >
05/15/2023

Minnesota man pleads guilty in $19 million organic crops fraud scheme

Fox 9 KMSP

MINNEAPOLIS (AP) - A Minnesota man pleaded guilty to selling conventionally grown crops as certified organic produce in a scheme the federal prosecutors said brought in $19 million in profits.

Details >
05/15/2023

Bad bots are coming for APIs

Help Net Security

In 2022, 47.4% of all internet traffic came from bots, a 5.1% increase over the previous year, according to Imperva. The proportion of human traffic (52.6%) decreased to its lowest level in eight years.

Details >
05/15/2023

CFPB Issues Guidance to Rein in Creation of Fake Accounts to Harvest Fees

CFPB

New circular addresses illegal “reopening” of deposit accounts that can hit consumers with junk fees

Details >
05/15/2023

As the Dark Web Turns Darker, Mitek And DarkTower Partner to Combat Fraud And ID Theft

Digital Transactions

Mitek Systems Inc., a provider of identity-verification technology, is teaming up with DarkTower, the cyber-intelligence division of Davidson, N.C.-based IT consultancy Queen Associates, to combat account fraud and identity theft.

Details >
05/15/2023

Criminal Marketplaces Provide Gateway to Rising Account Fraud and Identity Theft

Business Wire

SAN DIEGO--(BUSINESS WIRE)--The amount of check fraud and identity theft-related crimes emerging from online criminal marketplaces continue to rise. Today, Mitek (NASDAQ: MITK) announced its partnership with DarkTower, a cyber intelligence research company, to address the growing threat. During the first quarter of 2023 alone, the Federal Trade Commission recorded nearly $2 billion in losses from more than 750,000 reports of fraud and identity theft.

Details >
05/12/2023

Putting Scams Out of Business

The Federal Reserve FedPayments Improvement

Scams targeting consumers and businesses have become increasingly prevalent in recent years. There’s also been a groundswell of attention to the problem. However, the clear consensus among government entities, financial institutions, technology providers and other organizations is that we can do much more to address scams.

Details >
05/11/2023

How To Protect The Hospitality Industry From The Growing Fraud Threat

Forbes

Cybercriminals target various industries, such as healthcare, banking and e-commerce platforms, to steal sensitive information and commit fraud in other industries, including hospitality.

Details >
05/11/2023

Identity Theft Resource Center and LexisNexis Risk Solutions Study Highlights Consumer, ID Crime Victim, and Government Executive Views of Identity Verification

Yahoo Life

Sixty-three percent of surveyed government executives say their agency has returned to experiencing pre-pandemic levels of identity fraud

Details >
05/11/2023

Ripple Makes Case for Crypto B2B Payments

PYMNTS

Cryptocurrency’s shiny object appeal has been dulled by ongoing industry turmoil and regulatory scrutiny.

Details >
05/11/2023

Real-time Payments and APP Fraud Emerging Globally According to New Aite-Novarica Group and Outseer Report

Social News XYZ

Outseer, a leading provider of digital fraud prevention and customer authentication solutions, announced today the availability of new global research conducted by the Aite-Novarica Group focused on global trends in real-time payments (RTP) and associated fraud.

Details >
05/08/2023

Cybersecurity for Small Businesses: How to Protect Your Company on a Budget

FORTRA

As a small business owner, you wear many hats. You're the CEO, the accountant, the salesperson, and the HR manager.

Details >
05/08/2023

Banking Failures Must be a Wake-up Call for Regulatory Modernization, Says Cross River Bank CEO

PYMNTS

The recent collapses of tech-friendly banks, including Silicon Valley Bank (SVB), Signature Bank, Silvergate Bank and First Republic Bank, have rightly caused a global conversation about the future of banking, and even more so, of financial services.

Details >
05/04/2023

Illinois woman charged 3 years after discovery of more than 200 identity theft attempts

KAAL TV 6

(ABC 6 News) – An Illinois woman was charged with identity theft and receiving stolen property almost three years after Rochester police found identifying documents for more than 200 people and businesses in her hotel room.

Details >
05/04/2023

Feds: Michigan UIA contractor steals more than $550K in fraud, identity theft

CBS News

(CBS DETROIT) - A contract worker with the Michigan Unemployment Insurance Agency pleaded guilty to stealing more than $550,000 in fraud and identity theft.

Details >
05/04/2023

The Identity Theft Protection Services Market are Projected To Reach USD 31.98 billion By 2030, From USD 11.45 billion in 2022,Registering a CAGR Of 13.70% During The Forecast Period 2023-2030| Data B

Yahoo

According to a market research study published by Contrive Datum Insights Identity theft insurance is a form of insurance policy that provides victims of identity theft with financial protection. Identity theft occurs when thieves use personal information such as an address, a social security number, date of birth, telephone numbers, bank account numbers, credit card numbers, and passwords to commit fraud such as opening fake accounts, applying for loans, making expensive purchases, and draining users' bank accounts.

Details >
05/03/2023

Credit card debt relief that isn’t

FTC

Say you’re struggling to pay off your credits cards — which is already difficult with high interest rates — and you hear about a company that promises to reduce or eliminate your credit card debt for a fee. Sounds great, right? But how can you tell if that offer is legitimate or a scam?

Details >
05/02/2023

China has 50 hackers for every FBI cyber agent, says Bureau boss

The Register

China has 50 hackers for every one of the FBI's cyber-centric agents, the Bureau's director told a congressional committee last week.

Details >
05/02/2023

Russian Hackers Killnet Executed a Cyber Attack on European Air Traffic Control Agency Eurocontrol

CPO Magazine

A pro-Russian hacking group has carried out a cyber attack on Europe’s air traffic control agency. Eurocontrol said the attack by Russian hacking group Killnet affected its website but did disrupt flights or pose any threat to air traffic.

Details >
05/02/2023

Google Blocks 1.43 Million Malicious Apps, Bans 173,000 Bad Accounts in 2022

The Hacker News

Google disclosed that its improved security features and app review processes helped it block 1.43 million bad apps from being published to the Play Store in 2022.

Details >
05/02/2023

Houston man sentenced to prison for $3 million PPP loan fraud

Houston 2

Scott Jackson Davis used the PPP loan money to fly on private jets, purchase luxury cars, jewelry and more, according to authorities.

Details >
05/01/2023

Are scams affecting your community?

FTC

This month and all year long, we join the nation in honoring the cultures and many contributions of Asian American, Native Hawaiian, and Pacific Islander (AA and NHPI) individuals and communities.

Details >
04/24/2023

Scams: A Growing and Costly Problem

The Federal Reserve FedPayments Improvement

Scams are increasingly in the news – along with astonishing estimates of the resulting losses and number of people affected. In 2022 alone, the Federal Trade Commission (FTC) reported consumers lost nearly $8.8 billion to scams (Off-site) – a 35% increase from 2021 – despite receiving half a million (19%) fewer reports of scams.

Details >
04/22/2023

Giving a Face to the Malware Proxy Service ‘Faceless’

Krebs On Security

For the past seven years, a malware-based proxy service known as “Faceless” has sold anonymity to countless cybercriminals.

Details >
04/22/2023

Our family's identity was stolen. Then it happened again.

GoErie

For as long as my wife and I have been married, I've been able to rattle off her Social Security number. It's a convenient thing to know, allowing me to fill out paperwork until she's there to sign her name to whatever document called for the number.

Details >
04/22/2023

Velazquez pleads guilty to federal bank robbery charge

Bismarck Tribune

A Bismarck man who authorities say took more than $2,600 from a Wells Fargo bank has pleaded guilty to a federal bank robbery charge.

Details >
04/22/2023

3CX Breach Was a Double Supply Chain Compromise

Krebs on Security

We learned some remarkable new details this week about the recent supply-chain attack on VoIP software provider 3CX.

Details >
04/22/2023

Capita Warns Customer Data May Have Been Stolen in Cyber Attack

Insurance Journal

Capita Plc, one of the UK’s biggest outsourcing companies, said that customer data may have been stolen during a recent cyberattack.

Details >
04/22/2023

A woman took a job at a Florida post office. Then $70,000 disappeared, police say

Yahoo News

A Bradenton-area postal worker is accused of stealing over $70,000 by taking checks from the mail and depositing them into her own bank account, the Sarasota Police Department said Friday.

Details >
04/22/2023

Florida man accused of taking hostages during attempted armed robbery in Lake County

Fox 35 Orlando

EUSTIS, Fla. - A Florida man was arrested Friday for an attempted armed robbery at a business in Eustis, according to authorities, which prompted a hostage situation.

Details >
04/22/2023

Phoenix sergeant shoots armed bank robber firing at police helicopter

AZ Family

PHOENIX (3TV/CBS 5) — An armed bank robber is in the hospital after being shot by a sergeant in north Phoenix on Thursday afternoon. Around 3 p.m., police were called out to an armed robbery at a bank near 7th Street and Thunderbird Road.

Details >
04/22/2023

Cyber attack will keep area casinos closed throughout weekend

Bradford Today

Official could not put dollar figure on impact of shutdown and could not provide details of what needs to be done to restore IT system.

Details >
04/22/2023

Montana State University students react to cyberattack

KBZK 7

BOZEMAN — Montana State University reported a cyberattack on Thursday, April 20. Students shared their thoughts on the security breach and shared who they think could possibly be behind it.

Details >
04/20/2023

FTC warns that AI technology like ChatGPT could ‘turbocharge’ fraud

TechCrunch

In a Congressional hearing on Tuesday focused on the Federal Trade Commission’s work to protect American consumers from fraud and other deceptive practices, FTC chair Lina Khan and fellow commissioners warned House representatives of the potential for modern AI technologies, like ChatGPT, to be used to “turbocharge” fraud.

Details >
04/20/2023

ROSEVILLE PD: RISKS OF MAILING CHECKS AND HOW TO AVOID CHECK SCAMS

Roseville Today

Roseville, Calif.- Writing checks and mailing them has declined in recent years as the option to pay bills online has become more common.

Details >
04/20/2023

Fighting Password Fatigue Means Retiring Passwords for Good

CPO Magazine

Identity has become enterprises’ greatest security and financial vulnerability in 2023, and it’s time to reevaluate the status quo approach.

Details >
04/15/2023

47% organizations experienced ransomware attack in the past year

Security Magazine

A recent study reveals that security teams are unprepared for ransomware and struggle with increasing regulatory complexity.

Details >
04/15/2023

How companies protect themselves against AI-powered cyber attacks: strategies and best practices.

Digital Journal

AI-powered cyber attacks pose a serious threat to businesses in today's digital age. This article explores strategies and best practices for safeguarding your business, including implementing strong passwords and multi-factor authentication, conducting regular security audits, and investing in AI-powered security tools. Protecting your business from these threats is crucial, and this article covers everything you need to know to stay secure.

Details >
04/15/2023

Police arrest armed bank robber who wore wig and carried broom as disguise in WPB

12 News

WEST PALM BEACH, Fla. (CBS12) — Police and the FBI have arrested a man for robbing a PNC bank in West Palm Beach.

Details >
04/15/2023

2 from Fargo, Moorhead accused of cashing thousands of dollars in fraudulent checks

INFORUM

Erik Crydermen claimed he was picked off the street by men in an SUV and forced to cash the checks, according to court documents.

Details >
04/15/2023

Top eCommerce Security Best Practices to Follow

Security Boulevard

As eCommerce continues to grow, so do the risks of cyberattacks. With more and more people shopping on the internet, eCommerce sites, along with their customers, have become targets for cybercriminals.

Details >
04/15/2023

Fed Says FedNow Early Adopters Pave Path to Instant Payments

PYMNTS

Three months until the U.S. payments ecosystem changes forever.

Details >
04/15/2023

Only 1% of Real Estate Firms Use Real-Time Payments – Why?

PYMNTS

The real estate industry heavily relies on legacy payment methods for their business-to-business (B2B) transactions, but that is beginning to change.

Details >
04/15/2023

TBI: Clarksville caregiver stole more than $100K from elderly client

WSMV 4

A Clarksville caregiver is facing charges after withdrawing large amounts of money from an elderly client’s account, according to the TBI.

Details >
04/15/2023

California man gets 5 years for Bismarck bank robbery; suspect had tried to fly to Africa

Bismarck Tribune

A California man convicted of robbing a Bismarck bank four years ago has been sentenced to five years in prison and ordered to pay more than $6,800 back to the bank.

Details >
04/14/2023

Omaha Police investigating bank robbery on 87th and West Center

3 News Now

OMAHA, Neb. (KMTV) — The Omaha Police are investigating a Tuesday afternoon bank robbery that occurred on 87th and West Center at Bank of the West.

Details >
04/14/2023

Need to charge your phone? Think twice — 'juice jackers' might come for you

NPR

The U.S. government is warning of the dangers of using public, free cellphone charging stations, such as airports, hotels and shopping centers. The FCC put out a statement, and local branches of the FBI are also expressing concern.

Details >
04/14/2023

3 Romanians plead guilty to fraud in St. Louis following HSI, APD investigation

U.S. Immigration and Customs Enforcement

ST. LOUIS — Three Romanian citizens pleaded guilty to federal charges in St. Louis and admitted running a “short-change fraud” in stores across the country following a joint investigation by Homeland Security Investigations (HSI) and Missouri’s Arnold Police Department.

Details >
04/14/2023

Woman Sent to Prison For Defrauding 3 Rochester Banks

KROC

Rochester, MN (KROC-AM News) - A Chicago woman has been sentenced to nearly 2 years in prison for making fraudulent withdrawals using stolen credit cards at three banks in Rochester five years ago.

Details >
04/14/2023

Ex-LPL advisor gets 15 years for elder fraud amid homicide investigation

Financial Planning

A barred ex-financial advisor who pleaded guilty to defrauding an octogenarian couple but denies involvement in the killing of one of the victims received a 15-year prison sentence.

Details >
04/14/2023

3 armored truck robberies reported in Chicago area

Yahoo Life

Three armored trucks were robbed Wednesday in the south suburbs and Chicago, the FBI and Chicago police said Wednesday.

Details >
04/14/2023

Milwaukee Man Sentenced to 16 Years in Prison for Bank Robberies, Illegal Firearm Possession, and Conspiracy to Retaliate Against an Informant.

Urban Milwaukee

United States Attorney Gregory J. Haanstad of the Eastern District of Wisconsin announced that on April 13, 2023, United States District Court Judge Lynn Adelman sentenced Antoine L. Jackson (age 30) to 16 years in federal prison after Jackson was convicted by a jury of conspiracy to commit bank robbery, three bank robberies, possessing a firearm as a convicted felon, and conspiracy to retaliate against an informant.

Details >
04/11/2023

New bill would crack down on USPS mail theft

SiLive

STATEN ISLAND, N.Y. — Rep. Nicole Malliotakis is taking a stand against mail theft following an increase in checks stolen from New York City post offices and mailboxes.

Details >
04/11/2023

Big Pharma-partnered Evotec on high alert after cyberattack takes systems offline

Fierce Biotech

German biotech Evotec is on high alert after a late-week cyberattack prompted the company to shut down its network.

Details >
04/11/2023

What Is an Impersonation Attack? How You Can Stop Imposters

Make Use Of

You're more likely to trust a friend than a stranger. That's why a cybercriminal will pretend to be someone you know, if they can pull it off.

Details >
04/11/2023

A shocking number of phone calls are just spam

Tech Radar

A shocking number of phone calls are just spam that cost both businesses and consumers time and money, new research has claimed.

Details >
04/11/2023

One of two mail theft fraud suspects moving forward with trial

WBAY

GREEN BAY, Wis. (WBAY) - Dionta Bratcher is bound over for trial, a court ruled Monday.

Details >
04/11/2023

Microsoft (& Apple) Patch Tuesday, April 2023 Edition

Krebs on Security

Microsoft today released software updates to plug 100 security holes in its Windows operating systems and other software, including a zero-day vulnerability that is already being used in active attacks.

Details >
04/09/2023

OPERATION COOKIE MONSTER: FBI SHUTS DOWN ONE OF THE BIGGEST ONLINE CRIMINAL MARKETPLACES!

Tag 24

Washington DC - One of the world's biggest online criminal marketplaces has been shut down in an operation involving 17 countries worldwide, dubbed "Cookie Monster."

Details >
04/09/2023

New Dark Web Market Styx: Focuses on Money Laundering, Identity Theft

Hack Read

Styx has quickly gained traction as a hub for various illicit activities, following the recent seizure of the Genesis dark web market.

Details >
04/09/2023

Local banks warn of a new check-cashing scheme that's targeting young adults

KIMA

YAKIMA -- A new check cashing scam has made its way to banks in our area.

Details >
04/09/2023

More Than One-Third of Banks Say Item-Level Receipt Data Cements Customer Loyalty

PYMNTS

Financial institutions (FIs) have had many reasons to consider the benefits of investing in receipt data solutions.

Details >
04/09/2023

How Can Security Compliance Protect Your Crypto Business from Fraud?

Cryptopolitan

Cryptocurrencies have witnessed a meteoric rise in popularity and adoption in recent years. Industries such as finance, supply chain management, gaming, and many others have welcomed a multitude of new blockchain and crypto startups.

Details >
04/09/2023

Hackers Behind Modesto PD Attack Begin Releasing Data

Government Technology

The ransomware group that claims to have stolen data from the Modesto Police Department's IT network has started making the information available on its website, a threat analyst reported Wednesday on Twitter.

Details >
04/09/2023

Killnet DDoS attacks against healthcare dip as identity risks tick up

SC Media

After a spate of Killnet DDoS cyberattacks against healthcare entities throughout January, the hacktivist campaigns have slowed. However, the Department of Health and Human Services Cybersecurity Coordination Center (HC3) warns the risk posed against the hijacking of digital identities remains high.

Details >
04/09/2023

New Money Message Ransomware Gang Hits MSI, Threatens of Data Leak

HackRead

The Money Message ransomware group has reportedly demanded a ransom of $4 million from MSI.

Details >
04/09/2023

BBB Scam Alert: Texas employment scam reports in 2023 shatter five-year records

OA Online

In quarter one of 2023 (January thru March), reports of employment scams to BBB Scam Tracker from Texas residents doubled, and money loss increased substantially compared to the typical rates Better Business Bureau (BBB) receives at the beginning of the year.

Details >
04/09/2023

Don't fall for this new banking scam

Fox News

We recently received this email with important information about banking scams from Jeff from Connecticut. Here's what he had to say.

Details >
04/09/2023

New York City bank robber puts elderly woman in chokehold for measly sum: Video

Fox News

The New York robber ran from the Queens bank with $205, according to the NYPD, which offered a $3,500 reward.

Details >
04/09/2023

Man shows gun, makes bomb threat to rob Falmouth bank, police say

WCVB 5 Boston

FALMOUTH, Mass. — Authorities in Massachusetts are searching for a man who showed a gun and made a bomb threat in order to rob a Cape Cod bank before stealing a vehicle to flee the scene.

Details >
04/07/2023

Three South Jersey men charged with conspiracy to commit bank fraud

The Sun Papers

Three men from southern New Jersey were charged with negotiating fraudulent checks with forged signatures, U.S. Attorney Philip R. Sellinger announced on April 4.

Details >
04/07/2023

Reporting fraud 101: protect your community by reporting scams

FTC

Have you or a family member or friend ever lost money to a scam? You’re not alone: last year scammers pulled in over $8 billion. But there’s a way you can help.

Details >
04/07/2023

Grand Jury Returns Two Indictments

US Attorney's Office Western District of Wisconsin

MADISON, WIS. - A federal grand jury in the Western District of Wisconsin, sitting in Madison, returned the following indictments today. You are advised that a charge is merely an accusation and that a defendant is presumed innocent until and unless proven guilty.

Details >
04/07/2023

78-year-old woman arrested following Pleasant Hill bank robbery

Fox 4 News

PLEASANT HILL, Mo. — A 78-year-old woman is in custody following a bank robbery Wednesday in Pleasant Hill, Missouri.

Details >
04/07/2023

Grand Jury Returns Two Indictments

US Attorney's Office Western District of Wisconsin

MADISON, WIS. - A federal grand jury in the Western District of Wisconsin, sitting in Madison, returned the following indictments today. You are advised that a charge is merely an accusation and that a defendant is presumed innocent until and unless proven guilty.

Details >
04/07/2023

Prosecutor: Bank robbery by motorcyclist involved NJ stuntman and his brother Read More: Michael 'Crazy Mike' Gaboff, brother accused of robbing NJ bank | https://nj1015.com/franklin-bank

New Jersey 101.5

A Monmouth County family with a longtime love of dirt bikes and racing has found themselves in trouble with law enforcement, stemming from a bank robbery last year.

Details >
04/07/2023

Prosecutor: Bank robbery by motorcyclist involved NJ stuntman and his brother

New Jersey 101.5

A Monmouth County family with a longtime love of dirt bikes and racing has found themselves in trouble with law enforcement, stemming from a bank robbery last year.

Details >
04/05/2023

Is it really the IRS?

FTC

The “IRS” is on the phone. They’re saying you owe back taxes and need to pay immediately using cryptocurrency, or you’ll be arrested. You reach for your wallet but then think — WAIT — is this really the IRS? Or is it someone impersonating the IRS?

Details >
04/05/2023

Shopping online? Here’s what to do when things go wrong

FTC

Ever had a bad online shopping experience? Maybe you ordered one thing but got another. Or that new company never shipped your order, despite charging you. So, what do you do?

Details >
04/03/2023

The impact of Quantum Computing on cybersecurity

Tripwire

Quantum computers can solve highly complex problems faster than any of its predecessors. We are currently in a period of a quantum revolution.

Details >
04/02/2023

Kauai Woman Sentenced to 17 Years in Prison for Wire Fraud Schemes and Aggravated Identity Theft

United States Attorney's Office District of Hawaii

HONOLULU –Leihinahina Sullivan, 51, of Lihue, Kauai, was sentenced today before United States District Judge J. Michael Seabright to 17 years in prison and three years of supervised release for three counts of wire fraud and one count of aggravated identity theft related to multiple long-running fraudulent schemes.

Details >
04/02/2023

German Police Raid DDoS-Friendly Host ‘FlyHosting’

Krebs on Security

Authorities in Germany this week seized Internet servers that powered FlyHosting, a dark web offering that catered to cybercriminals operating DDoS-for-hire services, KrebsOnSecurity has learned.

Details >
04/02/2023

MAMA MIA! ITALY HAS BANNED CHATGPT!

Futurism

The anti-artificial intelligence push continues in Italy, which just moved to temporarily ban OpenAI's ChatGPT pending a data privacy investigation.

Details >
04/02/2023

Former CU Teller Gets Six-Month Home Confinement for $40,000 Theft

ALM Credit Union Times

A federal judge sentenced a former credit union teller to six months of home confinement and three years of probation for her role in stealing $40,000 from a member’s account at the $5 billion Virginia Credit Union based in North Chesterfield, Va.

Details >
04/02/2023

“Check washing” is on the rise

Hometown Focus

VIRGINIA – Close attention by a customer and quick action by staff at Northern State Bank in Virginia meant that at least one attempt at theft by “check washing” was thwarted.

Details >
04/02/2023

‘I don’t know why they targeted us’: Animal welfare nonprofit hit with nearly $60,000 in check fraud

WSB-TV

GWINNETT COUNTY, Ga. — Planned PEThood, a non-profit that helps provide low-cost spay, neutering, vaccines, and wellness care for dogs and cats, was the recent target of a $59,000 check fraud scheme.

Details >
04/02/2023

Prepaid Debit Cards and Apps Help Seniors Avoid Falling Prey to Hackers and Scams

PYMNTS

The risk of mismanaging funds is high among people living with dementia. And according to Jayne Sibley, co-founder at U.K. FinTech startup Sibstar, this is not only challenging for those involved, but for their families as well.

Details >
04/02/2023

Identity Theft on the Rise as Thieves Pilfer Personal Data

AARP

Scam artists have long made off with your money by pretending to be somebody else. Now, they’re pretending to be you.

Details >
04/02/2023

How chance encounter in alley led to arrest of man accused in Loop bank robbery, shootout with guard

ABC 7 Chicago

CHICAGO -- Minutes before he robbed a Loop bank and exchanged gunfire with a guard earlier this month, the FBI says Jawad Hakeem met a woman smoking a cigarette in an alley and struck up a conversation.

Details >
03/31/2023

Why is Walmart Closing Its Portland Stores?

Retail Wire

Walmart’s planned closure of its last two stores within Portland’s city limits later this month has drawn national coverage amid speculation that it may be due to rampant shoplifting.

Details >
03/30/2023

Visa Head of Fraud Services on Protecting Consumers From Hacker Scams

PYMNTS

The good news is that today’s payment landscape is becoming faster, easier, and more digital.

Details >
03/30/2023

UK Sets Up Fake Booter Sites To Muddy DDoS Market

Krebs on Security

The United Kingdom’s National Crime Agency (NCA) has been busy setting up phony DDoS-for-hire websites that seek to collect information on users, remind them that launching DDoS attacks is illegal, and generally increase the level of paranoia for people looking to hire such services.

Details >
03/30/2023

Business Email Compromise Threats Soar Past Phishing Risks

Security Boulevard

The risk of business email compromise (BEC) is increasing annually and is estimated to be twice as severe as the overall threat of phishing, according to an Osterman Research/IronScales survey of 249 U.S.-based IT and security professionals.

Details >
03/30/2023

How to prepare for a world without passwords

Venture Beat

Businesses are spending billions of dollars each year on cybersecurity solutions, but we’re still seeing a steady increase in security breaches.

Details >
03/30/2023

Why the FDIC Is Suddenly Front-Page News

PYMNTS

Few debates rage as fiercely today as how to protect bank customers — and how much protection they need.

Details >
03/30/2023

Why Some BNPL Providers Aren’t Sweating New Regulations

PYMNTS

Buy now, pay later (BNPL) payments have exploded in popularity in the past several years, now with more than 360 million users worldwide.

Details >
03/30/2023

White House Wants New Rules for Midsize Banks

PYMNTS

The White House plans to call for tougher regulation of midsize banks.

Details >
03/27/2023

The FBI’s BreachForums bust is causing ‘chaos in the cybercrime underground’

Cyberscoop

The dramatic fall of one of the preeminent cybercrime communities on the web will have major implications for the cybercrime markets.

Details >
03/27/2023

The tragic blown promise of Amazon Go

Fast Company

Eight of Amazon’s ‘just walk out’ stores are closing, including all the ones in San Francisco. The one I shopped at never lived up to its potential, but I’ll miss it anyhow.

Details >
03/27/2023

Suspect in bank robbery arrested

The Maple Lake Messenger

Daren Teague has been arrested for his involvement in the August 2022 bank robbery at American Heritage Bank in Clearwater.

Details >
03/27/2023

Action 9 investigates stolen checks from church in southwest Charlotte

Yahoo

Mail theft has gotten so bad that some are calling it an epidemic.

Details >
03/27/2023

Financial Institutions and Cybersecurity Risk: Why you need ISO27001

Tripwire

When it comes to law enforcement crime investigations, there is a maxim of, “follow the money”. This broadly means that if you can follow the money trail, it will eventually lead you to the perpetrator of the crime.

Details >
03/24/2023

Walmart closing in Brooklyn Center, another retail departure in the north metro

Star Tr

Walmart's departure is the second major retailer to leave Brooklyn Center after the Target store a few blocks north closed in 2019.

Details >
03/24/2023

Klarpay CEO Said Providers Must Confront Liquidity Management Challenges With Instant Payments Use

PYMNTS

Small and midsized businesses (SMBs) that succeed face the same hurdles as big ones, from brand trust to providing seamless online checkout and other services that ride along.

Details >
03/24/2023

Baby Jack & Co. CEO on Taking Kids Toys and Easy Checkout From Zero to Global in 13 Years

PYMNTS

Small and midsized businesses (SMBs) that succeed face the same hurdles as big ones, from brand trust to providing seamless online checkout and other services that ride along.

Details >
03/22/2023

France’s Real-Time Payments Volume Set to Grow 10X by 2026

PYMNTS

According to a recent PYMNTS study on instant payments, there are more than 60 countries that possess or are in the process of developing a real-time payments scheme on a national or regional level.

Details >
03/22/2023

Google Suspends Chinese E-Commerce App Pinduoduo Over Malware

Krebs on Security

Google says it has suspended the app for the Chinese e-commerce giant Pinduoduo after malware was found in versions of the app.

Details >
03/22/2023

Hackers post more stolen Minneapolis Public School data to dark web

CBS News MN

MINNEAPOLIS -- Minneapolis Public Schools on Friday notified parents that hackers who stole district data in a recent system breach released that information onto the dark web, where users are untraceable.

Details >
03/22/2023

What if every American had the same Federal Reserve perks as banks?

AOL

In the aftermath of Silicon Valley Bank's failure earlier this month, the Federal Reserve announced it was further increasing its support for commercial banks, creating a plan that effectively backstopped all deposits, insured and uninsured, across the U.S. financial system.

Details >
03/22/2023

Dirty Dozen: Watch out for scammers using email and text messages to try tricking people during tax season

IRS

WASHINGTON — With the filing deadline quickly approaching, the Internal Revenue Service today urged everyone to remain vigilant against email and text scams aimed at tricking taxpayers about refunds or tax issues.

Details >
03/22/2023

What is ACH Fraud and How to Prevent It

Comply Advantage

The Automated Clearing House (ACH) network is a way of transferring money from one bank account to another. Supporting both credit and debit transfers, payments and withdrawals are sent to the clearing house where they await authorization before arriving at their final banking destination. In the US, this network is overseen by the National Automated Clearing House Association (NACHA).

Details >
03/22/2023

New FCC rules require cell phone carriers to block scam texts

WTAJ News

WASHINGTON, D.C. (WTAJ) — New rules adopted by the Federal Communications Commission (FCC) now require cell phone carriers to block text messages from illegitimate phone numbers.

Details >
03/22/2023

Thick as thieves: Secrets from convicted identity thieves

WFMZ

Millions of people are affected each year by identity theft. It’s big business for identity thieves and it’s getting worse.

Details >
03/22/2023

J.P. Morgan Payments: AI Transforms Payments’ Tony Starks into Data-Driven Iron Men

PYMNTS

Artificial intelligence is helping payments executives become high-powered problem solvers.

Details >
03/20/2023

Former Wells Fargo exec faces prison, will pay $17 million fine over fake accounts scandal

Reuters

WASHINGTON, March 15 (Reuters) - The former head of Wells Fargo's retail bank is facing prison time after agreeing to plead guilty to obstructing a bank examination in relation to the sweeping phony accounts scandal that roiled the bank in 2016.

Details >
03/20/2023

Management Report: Continued Improvements Needed in the Bureau of the Fiscal Service's Information System Controls Related to the Schedule of Federal Debt

GAO

Treasury's Fiscal Service issues debt to borrow money for federal operations, and reports the debt on financial statements called the Schedules of Federal Debt.

Details >
03/20/2023

Help identify the "Snake Bit" bandit wanted in 5 bank robberies

CBS News Colorado

The so-called Snake Bit bandit has robbed five banks in the Denver metro area and now authorities want your help to identify him.

Details >
03/20/2023

Will FedNow’s July Launch Ignite Real-Time Payments in the US?

PYMNTS

The Federal Reserve’s FedNow real-time rail debut is imminent.

Details >
03/20/2023

Cyber attack prompts Lansing Community College to cancel classes

The Detroit News

Lansing Community College said it is canceling classes and activities Thursday and Friday because of a cyber attack.

Details >
03/20/2023

Storm Lake PD asking public assistance in check fraud case

Siouxland Proud

STORM LAKE, Iowa (KCAU) — Authorities in Storm Lake are asking the public for information involving fraud that happened Friday afternoon.

Details >
03/20/2023

How to better protect accounts from bot intruders

Fast Company

The safety of customer data is very much at risk despite prodigious investments in cybersecurity.

Details >
03/20/2023

The Week That Americans Watched a Bank Run in Real Time

PYMNTS

Back in 1960s through the 1980s, there was a TV show titled “That Was the Week that Was.”

Details >
03/20/2023

‘Everything we had was gone’: Small business owner says he lost nearly $200,000 to wire transfer fraud

Click 2 Houston

It started with a call from what he thought was his bank’s fraud division.

Details >
03/20/2023

Feds Charge NY Man as BreachForums Boss “Pompompurin”

Krebs on Security

The U.S. Federal Bureau of Investigation (FBI) this week arrested a New York man on suspicion of running BreachForums, a popular English-language cybercrime forum where some of the world biggest hacked databases routinely show up for sale. The forum’s administrator “Pompompurin” has been a thorn in the side of the FBI for years, and BreachForums is widely considered a reincarnation of RaidForums, a remarkably similar crime forum that the FBI infiltrated and dismantled in 2022.

Details >
03/20/2023

OpenAI CEO cautions AI like ChatGPT could cause disinformation, cyber-attacks

Interesting Engineering

Society has a limited amount of time "to figure out how to react" and "regulate" AI, says Sam Altman.

Details >
03/20/2023

Chinese Hackers Exploit Fortinet Zero-Day Flaw for Cyber Espionage Attack

The Hacker News

The zero-day exploitation of a now-patched medium-severity security flaw in the Fortinet FortiOS operating system has been linked to a suspected Chinese hacking group.

Details >
03/20/2023

Dickinson’s fighting against cyber attacks with new service

KX News

DICKINSON, N.D. (KXNET) — Dickinson is getting some money to help fight cyber attacks in the area.

Details >
03/20/2023

Man Sentenced to 90 Months for Identity Theft Scheme Spanning Nevada and Other Western States

2 News

Ryan M. Tichy, 43, of Seattle, was sentenced to 90 months in federal prison for his involvement in a wire fraud scheme in Nevada and other western state.

Details >
03/20/2023

Why Mercedes Benz Is Building the Operating System for In-Car Payments

PYMNTS

The idea of the car as a software platform on wheels is not new. The idea of the car as a commerce operating system is. Mercedes Benz, which traces its history to 1886 and Karl Benz’s creation of the first combustion engine in Germany, is developing an in-house eCommerce ecosystem, complete with its own operating system.

Details >
03/16/2023

10 more defendants charged in 'Feeding Our Future' fraud scheme

Kare 11

One defendant is accused of using federal meal program money to buy an aircraft, another is accused of buying a laundromat to launder money.

Details >
03/16/2023

Two U.S. Men Charged in 2022 Hacking of DEA Portal

Krebs on Security

Two U.S. men have been charged with hacking into a U.S. Drug Enforcement Agency (DEA) online portal that taps into 16 different federal law enforcement databases.

Details >
03/16/2023

Microsoft Patch Tuesday, March 2023 Edition

Krebs on Security

Microsoft on Tuesday released updates to quash at least 74 security bugs in its Windows operating systems and software. Two of those flaws are already being actively attacked, including an especially severe weakness in Microsoft Outlook that can be exploited without any user interaction.

Details >
03/16/2023

Fraud Alert: We've identified $5.4 billion in potentially fraudulent pandemic loans using SSN data

Council of the Inspectors General on Integrity and Efficiency

We've identified $5.4 billion in potentially fraudulent pandemic loans.

Details >
03/16/2023

Signature Bank, former CEO are sued by shareholders for fraud

Reuters

NEW YORK, March 14 (Reuters) - Signature Bank (SBNY.O) and three former top executives were sued on Tuesday by shareholders who accused the New York bank of fraudulently proclaiming it was financially strong a mere three days before it was seized by a state regulator.

Details >
03/16/2023

FBI investigating Lincoln Park bank robbery

CBS Chicago

CHICAGO (CBS) -- The FBI and Chicago Police Department are investigating a bank safe that was emptied by thieves who apparently broke in through a nearby building.

Details >
03/14/2023

St. Cloud, MN, Woman Pleads Guilty to Leading a Major Dangerous Drug Distribution Enterprise from Mexico

The United States Attorney's Office District of North Dakota

FARGO – United States Attorney Mac Schneider, District of North Dakota, announced that on March 13, 2023, Macalla Lee Knott a/k/a Kayla, age 30, from St. Cloud, MN, pled guilty in Federal Court in Fargo, ND, before Chief Judge Peter W. Welte, to the offenses of Conspiracy to Distribute Controlled Substances, Money Laundering Conspiracy and Continuing Criminal Enterprise (CCE). Sentencing is scheduled for August 7, 2023.

Details >
03/14/2023

Silvergate Was a Payday for Short Sellers. They May Bear Some Blame for the Bank’s Collapse.

Barron's

The collapse of Silvergate Capital stock went gradually, then suddenly, delivering a sizable payday to bearish traders who had bet against the crypto-focused bank. These short sellers may also bear some responsibility for what happened.

Details >
03/14/2023

Amazon-owned Ring reportedly suffers ransomware attack

CSO Online

Russia-linked ALPHV ransomware gang has threatened to leak the stolen data if the company refuses to pay the ransom.

Details >
03/14/2023

No — HHS didn’t reach out about free grant money

FTC

Did you get a message from a friend on social media about a US Department of Health and Human Services (HHS) grant opportunity? Or from someone saying they were an HHS employee? Well…they weren’t who they said they were. They were a scammer.

Details >
03/13/2023

Man says he was robbed at knifepoint after bank ATM withdrawal

The Scarsdale Inquirer

A man reported he was held up at knifepoint March 6 on S. Central Avenue by two unknown men. He said he’d just gone to a bank ATM where he withdrew $2,350. Shortly after, he pulled into a parking lot to do some paperwork.

Details >
03/13/2023

Who’s Behind the NetWire Remote Access Trojan?

Krebs on Security

A Croatian national has been arrested for allegedly operating NetWire, a Remote Access Trojan (RAT) marketed on cybercrime forums since 2012 as a stealthy way to spy on infected systems and siphon passwords.

Details >
03/13/2023

Minneapolis Public Schools says they will provide ID theft protection after breach

Fox 9 KMSP

MINNEAPOLIS (FOX 9) - In the district's latest update on an ongoing cybersecurity breach, Minneapolis Public Schools officials say they will provide credit monitoring protection for people who had personal information accessed.

Details >
03/13/2023

FBI, CPD still searching for Chicago Loop bank robbery suspect who sparked downtown shootout

ABC 7 Eyewitness News

CHICAGO (WLS) -- Chicago police and the FBI are searching Friday for the suspect accused of robbing a bank at gunpoint in the Loop Thursday afternoon.

Details >
03/13/2023

52 people charged with welfare fraud in Pennsylvania, Inspector General reports

WTAJ News

HARRISBURG, Pa. (WTAJ) — Charges have been filed against 52 people for welfare fraud in Pennsylvania, the Office of the State Inspector General (OSIG) announced.

Details >
03/13/2023

Dole Foods Cyber Attack Shows Importance of Cyber Resilience

Government Technology

Preparedness is key for keeping operations moving in the event of a cyber incident, like when Dole Foods didn’t know it had been the victim of ransomware until customers complained they couldn’t find their favorite products.

Details >
03/13/2023

Dark Web: The Good, Bad and Ugly of This Online Underworld

Jumpstart

The dark web is infamous for hosting illegal activities, but there are legitimate uses like combating censorship and protecting individuals

Details >
03/13/2023

AI Can Help Credit Unions Make Payments Smarter and Credit More Accessible

PYMNTS

Beyond the chatbots and hype, artificial intelligence has the potential to improve financial services.

Details >
03/13/2023

Merchants Shift Focus to ‘Good Guy’ Strategy to Fight Fraud and Boost Conversions

PYMNTS

The payments ecosystem spends 99% of its time and money on the 1% of the people who are out to exploit the system: the fraudsters. It’s now time to turn the tide.

Details >
03/12/2023

The Silicon Valley Bank Story No One Has Told

PYMNTS

It’s almost an eerie coincidence. Nearly three years to the day that the World Health Organization declared the novel Coronavirus a global pandemic, Silicon Valley Bank collapsed.

Details >
03/12/2023

Utah bank robber steals $1, demands to go to federal prison: report

Fox 6 Milwaukee

A suspected bank robber in Utah demanded $1 from a bank teller Monday and waited for police officers to arrive because he wanted to be jailed in federal prison.

Details >
03/12/2023

Duluth nonprofit director guilty of money laundering

Ground.news

Charles Emeka Obije, 40, of Duluth, pleaded guilty Tuesday to conspiracy to commit international money laundering.

Details >
03/08/2023

Charges: Attorney-in-fact used elderly woman’s money for personal pleasure, expenses

Southern MN News

A Mankato woman is accused of using her powers of attorney to swindle an elderly woman out of more than $5,000.

Details >
03/08/2023

FTX Crypto Bankruptcy Filing Shows $8.6 Billion Shortfall

PYMNTS

If FTX was founder Sam Bankman-Fried’s alleged personal piggy bank, it wasn’t refilled.

Details >
03/08/2023

Treasury arm warns of surging mail theft and check fraud

The Daily News Galveston County

An arm of the U.S. Treasury late last month issued an alert to financial institutions about a nationwide surge in mail-theft related check fraud schemes targeting carriers such as the U.S. Postal Service.

Details >
03/08/2023

Account takeover attacks possible with Booking.com vulnerabilities

SC Media

SiliconAngle reports that Booking Holdings' online travel agency Booking.com had several critical security flaws within its implementation of the OAuth functionality, which could be leveraged to achieve widespread account takeovers and server breaches.

Details >
03/08/2023

Suspected bank robber faces charges for trying to shoot, disarm Joliet police officers

CBS Chicago

CHICAGO (CBS) – A man suspected of a bank robbery is facing multiple charges stemming from an incident last month in which he allegedly tried to shoot and disarm Joliet police officers who arrested him.

Details >
03/08/2023

Sued by Meta, Freenom Halts Domain Registrations

Krebs on Security

The domain name registrar Freenom, whose free domain names have long been a draw for spammers and phishers, has stopped allowing new domain name registrations.

Details >
03/06/2023

ATM thieves use glue and "Tap" function to drain accounts at Chase Bank

ABC 7 Chicago

SAN FRANCISCO -- ATMs provide great convenience -- but they're also longtime targets of thieves.

Details >
03/06/2023

AARP scam alert: National Consumer Protection Week

Wiscasset Newspaper

It’s National Consumer Protection Week —and while AARP is focused on protecting consumers year-round – this is a good time to highlight some key consumer protection tips.

Details >
03/06/2023

Most Targeted Industries for Cyber Attacks

Cyber Kendra

Cyber attacks are on the rise, and the costs of such attacks can be significant. According to a recent study, the average cost of a data breach is over $3.8 million, with costs increasing by 10% each year.

Details >
03/06/2023

More Than Half of Bank Consumers Want Better Transaction Security

PYMNTS

As authentication technologies evolve and consumer awareness of security measures grows, retail banking customers demand more secure and user-friendly online identity verification.

Details >
03/06/2023

Crypto Winter Didn’t Chill Fraudsters Ability to Score $20 Billion in 2022

PYMNTS

Even the criminals have felt the chill of the crypto winter.

Details >
03/05/2023

'Check washing' is gaining popularity across SE Wisconsin as criminals break into mailboxes to steal banking information

CBS 58

KENOSHA, Wis. (CBS 58) -- Check washing is the latest, ruthless trend criminals are taking part in. It's happening across the country, and CBS 58 has heard from many businesses and individuals who've experienced it here in SE Wisconsin recently.

Details >
03/05/2023

It’s been an ugly six months for identity theft and data breaches

Biometric Update

A look back at U.S. security debacles in 2022, combined with a “major incident” this year, is doing nothing to make Americans feel good about the safety of the biometric data they share.

Details >
03/05/2023

Highlights from the New U.S. Cybersecurity Strategy

Krebs on Security

The Biden administration today issued its vision for beefing up the nation’s collective cybersecurity posture, including calls for legislation establishing liability for software products and services that are sold with little regard for security.

Details >
03/05/2023

Modern Treasury Launches ‘Global ACH’ With Silicon Valley Bank Signing On

PYMNTS

San Francisco-based financial services platform Modern Treasury is introducing a product called “Global ACH” which it bills as “a new payment service” that enables lower-cost cross-border transfers than options like SWIFT by utilizing local payment rails.

Details >
03/05/2023

Digital-First Banks Well-Positioned to Win Small Business Hearts and Minds

PYMNTS

Traditional FIs are at risk of losing their business banking relationships — especially with smaller firms.

Details >
03/05/2023

White House Wants $1.6B to Attack Identity Theft, Fraud

MeriTalk

The Biden-Harris administration released a three-part proposal on March 2 asking Congress for $1.6 billion to help provide Federal agencies and local governments with more funding to handle pandemic-related fraud claims, modernize identity verification systems, and support victims of identity theft.

Details >
03/05/2023

The Dangerous Role Personal Email Plays In Account Takeovers

Forbes

Kasada CTO, stopping bot attacks that others can't stop with novel mitigation techniques that beat cybercriminals at their own game.

Details >
03/05/2023

Critical Vulnerabilities Allowed Booking.com Account Takeover

Security Week

Booking.com recently patched several vulnerabilities that could have been exploited to take control of a user’s account.

Details >
03/05/2023

Seven red flags that your tax preparer is a fraud

The Washngton Post

Your preparer could even try to ‘ghost’ you, leaving you to handle the IRS on your own.

Details >
03/05/2023

FinCEN Warns of Surging Check Fraud

JD Supra

On February 28, the Financial Crimes Enforcement Network of the U.S. Department of Treasury (FinCEN) issued an alert warning financial institutions to be vigilant in identifying and reporting check fraud schemes targeting the U.S. Mail.

Details >
03/03/2023

Cryptocurrency ATM Company CEO Arrested in Miami Beach on Warrant for Conspiracy, Money Laundering

NBC Miami

The CEO of a cryptocurrency ATM company was arrested in Miami Beach on an Ohio warrant that accused him of conspiracy, money laundering and other charges.

Details >
03/01/2023

AI Becomes the Human-Machine Bridge That Makes Payments Safe and Smart

PYMNTS

As the world buzzes about ChatGPT, the payments and financial sectors are already sizing up advanced new artificial intelligence (AI) tools relating to how they can move from parsing vast amounts of data instantly to detecting fraud to having human-like service interactions.

Details >
03/01/2023

Hackers Claim They Breached T-Mobile More Than 100 Times in 2022

Krebs on Security

Three different cybercriminal groups claimed access to internal networks at communications giant T-Mobile in more than 100 separate incidents throughout 2022, new data suggests.

Details >
03/01/2023

Sweetwater School District System Outage Due to Cyber Attack

Government Technology

The largest secondary school district in California shut down its Internet and student information system after noticing problems with Microsoft systems. It will take weeks to confirm whether personal information was compromised.

Details >
03/01/2023

Supreme Court Seems Skeptical of Broad Sweep of Identity Theft Law

The New York Times

Using examples drawn from valet parking and restaurant meals, the justices indicated that a federal law imposing mandatory two-year sentences should be read narrowly.

Details >
03/01/2023

FinCEN Alert on Nationwide Surge in Mail Theft-Related Check Fraud Schemes Targeting the U.S. Mail

Financial Crimes Enforcement Network

WASHINGTON—The Financial Crimes Enforcement Network (FinCEN) is issuing an alert to financial institutions on the nationwide surge in check fraud schemes targeting the U.S. Mail. Fraud, including check fraud, is the largest source of illicit proceeds in the United States and is one of the anti-money laundering/countering the financing of terrorism (AML/CFT) National Priorities.

Details >
03/01/2023

Connecticut insurance firm owner pleads guilty to $40 million fraud scheme

Insurance Business Magazine

A Fairfield County, CT man who co-owns an insurance company has admitted to committing a $40 million insurance fraud through his own firm.

Details >
03/01/2023

Former Bank Employee Convicted After Trial for Fraudulently Opening Bank Accounts

US Attorney's Office District of Maryland

Greenbelt, Maryland – A federal jury in Maryland has convicted Diape Seck, age 29, of Rockville, Maryland for his role in a bank fraud scheme in which he and his co-conspirators obtained or attempted to obtain almost $2 million by fraud, including by stealing checks from the mail of churches and religious institutions. The guilty verdict was returned late on February 24, 2023.

Details >
03/01/2023

‘Check washing’ scam using stolen mail costing central Ohioans

NBC 4

LANCASTER, Ohio (WCMH) — Law enforcement agencies across central Ohio are warning people to take steps to protect their bank accounts after a string of mail thefts across the area.

Details >
03/01/2023

Men accused of forging more than $750K in money orders

The Shelby Star

A Shelby man, along with three others from Charlotte, is accused of cashing in on fake money orders to gain more than $750,000.

Details >
02/27/2023

Who’s Behind the Botnet-Based Service BHProxies?

Krebs on Security

A security firm has discovered that a six-year-old crafty botnet known as Mylobot appears to be powering a residential proxy service called BHProxies, which offers paying customers the ability to route their web traffic anonymously through compromised computers.

Details >
02/27/2023

The Most Common Types of Payment Fraud and How to Detect Them

Tech Bullion

Payment fraud has become an increasingly prevalent problem in today’s digital age. With the rise of online transactions and mobile payments, fraudsters have found new ways to exploit vulnerabilities and defraud unsuspecting victims.

Details >
02/27/2023

33% of US Retailers Plan to Add Real-Time Payments

PYMNTS

After three tumultuous years leading to a very uncertain 2023, retailers are innovating in key areas to improve customer journeys with advanced data approaches and real-time payments.

Details >
02/27/2023

What 500 CFOs Now Say Is Their 2023 Top Payments Priority

PYMNTS

Businesses have dealt with unprecedented change in recent years and are preparing for what comes next. With the near-term economic outlook uncertain, many are reconsidering the distribution of their technology spending.

Details >
02/27/2023

Briefs Industry Food producer Dole confirms ransomware attack

The Record

Fresh fruit and vegetables producer Dole confirmed late Wednesday that it had been hit by a ransomware attack, following a report that a cyber incident forced it to shut down some production facilities.

Details >
02/27/2023

When Low-Tech Hacks Cause High-Impact Breaches

Krebs on Security

Web hosting giant GoDaddy made headlines this month when it disclosed that a multi-year breach allowed intruders to steal company source code, siphon customer and employee login credentials, and foist malware on customer websites.

Details >
02/27/2023

Two Nigerian citizens indicted for attempting to defraud the United States of over $25 million

U.S. Attorney's Office Western District of Washington

Defendants used thousands of stolen identities to obtain over $2.4 million in fraudulent COVID-19 unemployment benefits

Details >
02/27/2023

GROUP MADE $3 MILLION IN BANK FRAUD SCHEME INVOLVING STOLEN MAIL

News Maven

A $3 million bank fraud scheme in Charlotte, NC just sent Terrell Freeman, 35, Joshua Monteith, 32, and Yanalise Hodge, 23, to prison. The scheme involved stolen checks and mail. The suspects were sentenced to prison on September 20, 2022.

Details >

Alerts

Resources

Alerts

The FRPA alert system distinguishes us from other groups by gathering and providing information to law enforcement, retailers AND financial institutions.

more information
Resources

Resources

Your electronic library to help in fighting financial fraud for all of our partners.

more information