Mastercard wants to help end crypto fraud
As governments dither on regulation, Mastercard is expanding its fraud detection to the crypto sphere......»»
MIT students stole $25M in seconds by exploiting ETH blockchain bug, DOJ says
Brothers charged in novel crypto scheme potentially face decades in prison. Enlarge (credit: Oleksandr Shatyrov | iStock Editorial / Getty Images Plus) Within approximately 12 seconds, two highly educated brothers allege.....»»
$7B in attempted App Store fraud blocked by Apple, says the company
Apple is continuing its PR offensive to promote the official App Store as the safest place to buy iPhone apps, after antitrust cases forced it to open up its platform to competition. It said that it has blocked more than $7B’s worth of attempted Ap.....»»
Apple blocked $7 billion in fraud attempts on the App Store
Over a span of four years, Apple says that it has prevented over $7 billion in fraudulent transactions, blocked 375,000 apps on the App Store over privacy violations, and killed 3.3 million accounts for fraud attempts.Apple's stats on App Store prote.....»»
New methodologies to prevent fraud in the determination of geographical origin of hazelnuts
Food fraud concerning the geographical origin of hazelnuts intended for consumption is a problem that damages the agri-food sector and generates economic losses and consumer distrust......»»
Selfie spoofing becomes popular identity document fraud technique
Document image-of-image was the most prevalent identity (ID) document fraud technique in 2023, occurring in 63% of all IDs that were rejected, according to Socure. Selfie spoofing and impersonations dominate document-related identity fraud Document i.....»»
Tesla is under a federal wire fraud probe for misleading investors
Prosecutors are combing subpoenaed materials for evidence Tesla knowingly misled. Enlarge (credit: Aurich Lawson | Tesla | Airplane!) There's more bad news for Tesla. On Monday, we learned that CEO Elon Musk is continuin.....»»
Tesla’s self-driving claims subject to federal securities and wire fraud probe
Prosecutors are combing subpoenaed materials for evidence Tesla knowingly misled. Enlarge (credit: Aurich Lawson | Tesla | Airplane!) There's more bad news for Tesla. On Monday, we learned that CEO Elon Musk is continuin.....»»
In Tesla Autopilot probe, U.S. prosecutors focus on securities, wire fraud
U.S. prosecutors are examining whether Tesla committed securities or wire fraud by misleading investors and consumers about its electric vehicles’ self-driving capabilities, three people familiar with the matter told Reuters. .....»»
Rightsholders Want U.S. “Know Your Customer” Proposal to Include Domain Name Services
The U.S. Department of Commerce has proposed new customer verification requirements for Infrastructure as a Service providers. The goal of the 'Know Your Customer' regime is to prevent fraud and abuse, including piracy. In response to this plan, pro.....»»
Only 45% of organizations use MFA to protect against fraud
Most businesses struggle with identity verification and have concerns over ability to protect against AI, according to Ping Identity. Despite stronger protection solutions available, many organizations aren’t taking full advantage. The report, base.....»»
SEC crypto crackdown continues with Robinhood as lawsuit looms
Robinhood accused SEC of creating a "world of confusion around crypto." Enlarge (credit: NurPhoto / Contributor | NurPhoto) Continuing its crackdown on cryptocurrency exchanges, the Securities and Exchange Commission (SE.....»»
Mercedes dealership sued for allegedly not revealing used car had flood damage
A customer has accused a South Carolina dealership group of fraud, negligence, breach of contract and a consumer protection law violation for failing to disclose the used 2018 Mercedes-Benz E300 she bought had flood damage......»»
Is TikTok bypassing Apple’s App Store in-app purchase commission?
9to5Mac is supported by Incogni: Stop robocalls, spam emails, stalkers, fraud, and more with Incogni. Exclusive discount for 9to5Mac readers: Use the code Apple55 at checkout to get 55% off the annual plan. A new report from TechCrunch today cl.....»»
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.....»»
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......»»
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.....»»
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.....»»