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......»»
‘Sophisticated’ iPhone fraud involving fake handsets leads to convictions
A scam that defrauded Apple out of millions of dollars’ worth of iPhones has led to the convictions of two of the perpetrators......»»
Tinder verification coming to the US amid rise in romance scams
Tinder verification will be rolling out in the US, UK, Brazil, and Mexico as the dating app seeks to tackle the growing problem of romance fraud … more….....»»
Two people found guilty in $3M iPhone repair scheme with over 5,000 iPhones
Two people have been found guilty of a “sophisticated scheme to defraud Apple out of millions of dollars’ worth of iPhones,” according to the United States Department of Justice. The scam was based around submitting counterfeit iPhones to Ap.....»»
Alleged Raccoon Infostealer operator extradited, verification site set up for victims
A Ukrainian national was extradited to the United States from the Netherlands after being indicted for crimes related to fraud, money laundering, and aggravated identity theft. According to court documents, Mark Sokolovsky conspired to operate the Ra.....»»
Pair found guilty of trying to defraud Apple of more than $3 million
Two individuals hatched a scheme that involved submitting fake iPhones to Apple for repair in an attempt to get them replaced with real ones — and could be jailed for 20 years for doing so.Pair found guilty of defrauding Apple in repair schemeHaoti.....»»
Spintronics research finds magnetic state of certain materials can be switched using surface induced strain
Electronics are based on electrical charges being transported from one place to another. Electrons move, current flows, and signals are transmitted by applying an electrical voltage. However, there is also another way to manipulate electronic current.....»»
Why identity fraud costs organizations millions
92% of respondents to a recent report shared that their organization had been a victim of identity fraud, costing an average of $4.3 million over the last 12 months. Even so, only 40% stated identity verification as a top identity challenge, noting t.....»»
Fraudsters have found creative ways to scam some businesses
70% of businesses report that fraud losses have increased in recent years and over half of consumers feel they’re more of a fraud target than a year ago, according to Experian. To thwart fraudulent activity in 2024, businesses need to deploy more s.....»»
I paid Meta to ‘verify’ me — here’s what actually happened
Meta — the parent company of Facebook and Instagram — charges $15 to verify your account. I wanted to see if it was worth it......»»
How a musician accused of fraud got his music back on Spotify, iTunes
Spotify and Apple Music started cracking down on streaming fraud last year. Enlarge / Musician Benn Jordan, who performs under the alias The Flashbulb, successfully defended his music against streaming fraud allegations......»»
Mitek MiControl empowers financial institutions to detect check fraud
Mitek introduced MiControl, a comprehensive fraud management console that works with Mitek’s Check Fraud Defender. MiControl detects check fraud, reduces losses and further increases consumers’ online security. With its advanced visualizations an.....»»
Prime Video now charges extra for Dolby Vision and Atmos
Amazon Prime's ad-supported tier no longer supports Dolby Vision or Dolby Atmos. Amazon quietly stopped offering Dolby Vision and Dolby Atmos support on its ad-supported Prime Video tier. The change, first noticed by German outlet 4KFilme, was.....»»
Violence prevention can transform Canadian hockey culture—but only if implemented properly
The recent charges against five members of Canada's gold medal-winning 2018 world junior hockey team in connection with an alleged sexual assault has thrust Hockey Canada and its issues back into the public eye......»»
Cryptocurrency maker sues former Ars reporter for writing about fraud lawsuit
Bitcoin Latinum angry about quotes from fraud lawsuit and Star Trek reference. Enlarge / Image from Bitcoin Latinum's website (credit: Bitcoin Latinum) The cryptocurrency firm Bitcoin Latinum has sued journalists at Forb.....»»
Sumsub Deepfake Detection combats AI-driven identity fraud
Sumsub has launched a Deepfake Detection feature integrated into its Video Identification solution. This comes as AI-powered fraud increasingly targets businesses, not just individual users. Sumsub’s 2023 Identity Fraud Report revealed a 10x in.....»»
Visa extends its digital wallet capabilities to minimize the risk of fraud
Visa announced extended digital wallet capabilities within Visa Commercial Pay, a suite of B2B payment solutions built in partnership with Conferma Pay to revolutionize how businesses manage transactions globally. The innovation enables financial ins.....»»
Former Apple engineer who stole Project Titan trade secrets sentenced to prison
For the last six years, we’ve been following the case of Xiaolang Zhang, a former Apple engineer who pled guilty to stealing Project Titan trade secrets. This week, Zhang has officially been handed his sentencing: 120 days of imprisonment and 3.....»»
How AI is revolutionizing identity fraud
Nearly half of businesses reported a growth in synthetic identity fraud, while biometric spoofs and counterfeit ID fraud attempts also increased, according to AuthenticID. Consumers and businesses alike are facing new challenges in today’s digital.....»»
Nikola rejects board nominees from disgraced founder Milton
Nikola Corp. said it rejected several director nominees proposed by an entity controlled by founder and former Chief Executive Officer Trevor Milton, who was recently sentenced to prison for fraud......»»
Robocalls using AI-powered voice-cloning tech banned by U.S. agency
Robocalls made with AI-powered voice-cloning technology have been banned by the FCC in a bid to reduce fraud and reduce election-related misinformation......»»