FTX"s Nishad Singh pleads guilty to fraud charges
Former FTX engineer says he is 'unbelievably sorry' for his role in the alleged crypto scheme......»»
Inexpensive spring truffles or exquisite Piedmont truffles? New analytical method can detect food fraud
Some truffles are particularly expensive and therefore often the target of food fraud. For example, high-priced Piedmont truffles (Tuber magnatum) are often difficult to distinguish from the cheaper spring truffles (T. borchii) on the basis of their.....»»
Triangulation fraud: The costly scam hitting online retailers
In this Help Net Security interview, Mike Lemberger, Visa’s SVP, Chief Risk Officer, North America, discusses the severe financial losses resulting from triangulation fraud, estimating monthly losses to range from $660 million to $1 billion among m.....»»
Mercedes-Benz says U.S. ended diesel probe without filing charges
The decision is “another important step towards legal certainty in connection with various diesel proceedings,” said Renata Jungo Bruengger, a member of the Mercedes-Benz management board......»»
Crime blotter: NYPD officer acquitted for 2021 punch in Apple Store
In this week's look at the Apple crime blotter, Canadian Police are looking into iPhone thefts, fraud has been alleged in third-party Apple Store pick-ups, an iPhone was stolen in a viral video, and more!The Apple Store on Manhattan's Upper West Side.....»»
Extraordinary Vietnam fraud case exposes the inherent vulnerabilities of banks
The financial crisis of 2008 showed just how much the world depends on banks being well run. Since then, regulators have been given new powers to keep some of the biggest institutions on a much shorter leash to stamp out risk, greed and corruption......»»
Pretax charges drop Sonic Automotive"s Q1 net income
The company said $7 million in pretax charges contributed to a 12 percent dip in first-quarter net income......»»
56% of cyber insurance claims originate in the email inbox
56% of all 2023 claims were a result of funds transfer fraud (FTF) or business email compromise (BEC), highlighting the importance of email security as a critical aspect of cyber risk management, according to Coalition. The 2024 Cyber Claims Report i.....»»
A shade closer to more efficient organic photovoltaics
Transparent solar cells will transform the look of infrastructure by enabling many more surfaces to become solar panels. Now, materials called non-fullerene acceptors that can intrinsically generate charges when exposed to sunlight could make semitra.....»»
Entrust protects users against fraud, phishing and other account takeover attacks
Entrust announced a single-vendor enhanced authentication solution that integrates identity verification (IDV) and identity and access management (IAM) to fight deepfakes, phishing, account takeover (ATO) attacks and other threats. By enhancing Entru.....»»
Crypto influencer guilty of $110M scheme that shut down Mango Markets
Fraudster charged with crypto market manipulation defended Mango Markets scheme. Enlarge (credit: apomares | E+) A jury has unanimously convicted Avi Eisenberg in the US Department of Justice's first case involving crypt.....»»
Enterprises face significant losses from mobile fraud
A recent Enea survey highlights a worrying trend in enterprise security: Following ChatGPT’s launch, 76% of businesses are inadequately protected against rising AI-driven vishing and smishing threats. In this Help Net Security video, John Hughe.....»»
Analyzing isotopes for nitrate in sake for combating beverage fraud in Japan
The demand for sake, a Japanese alcoholic drink, has increased globally. However, the rise in the popularity of sake has the potential for related beverage fraud. To address this issue, researchers from Japan have identified a novel method to authent.....»»
4 family members plead not guilty in abduction and abuse of a malnourished Iowa teen
4 family members plead not guilty in abduction and abuse of a malnourished Iowa teen.....»»
Vintage Ferrari owners’ favorite mechanic charged with theft, fraud
Few mechanics post photos of themselves on Venetian canals or brag about buying $30,000 artworks, but this was Ferrari and Alfa Romeo restorer Donnie Callaway's life before he found himself booked in in Arizona’s Maricopa County on charges of theft.....»»
US citizen who was arrested in Moscow on drug charges appears in court
US citizen who was arrested in Moscow on drug charges appears in court.....»»
Alleged cryptojacking scheme consumed $3.5M of stolen computing to make just $1M
Indictment says man tricked cloud providers into giving him services he never paid for. Enlarge (credit: Getty Images) Federal prosecutors indicted a Nebraska man on charges he perpetrated a cryptojacking scheme that def.....»»
Ill. appeals court blocks floorplan collection amid fraud allegations
A floorplan lender remains blocked from attempting to collect about $2.8 million from an Illinois dealership and its owners in a dispute involving allegations the bank participated in a fraud scheme by store employees behind the dealers' backs......»»
Danish Torrent Tracker Crackdown Leads to Another ‘Mild’ Sentence
As part of a widespread torrent tracker crackdown in Denmark, the National Unit for Special Crime investigated and prosecuted more than two dozen suspects. The most recent defendant, a 48-year-old man from East Jutland, pleaded guilty to his involvem.....»»
NICE Actimize enhances Integrated Fraud Management platform to help financial services prevent scams
NICE Actimize announced IFM 11 (Integrated Fraud Management), a new release of its AI-driven fraud management and detection platform. The new release leverages recent advancements in artificial intelligence together with NICE Actimize’s collective.....»»
GSMA releases Mobile Threat Intelligence Framework
GSM Association’s Fraud and Security Group (FASG) has published the first version of a framework for describing, in a structured way, how adversaries attack and use mobile networks, based on the tactics, techniques and procedures (TTPs) that they u.....»»