Reagor Dykes owner Bart Reagor indicted by U.S. for bank fraud
If convicted, he faces up to 90 years in prison and would be required to forfeit any property traceable to the alleged offense......»»
Fla. dealership employee indicted for first-degree murder in death of co-worker
Steve Tilbury is accused of fatally striking his co-worker with a metal baseball bat in a premeditated attack......»»
Inside the "golden age" of alien hunting at the Green Bank Telescope
Nestled between mountains in a secluded corner of West Virginia, a giant awakens: the Green Bank Telescope begins its nightly vigil, scanning the cosmos for secrets......»»
Romance fraud doesn"t only happen online—it can turn into real-world deception
We often think of fraudsters as people on the opposite side of the world. They will manipulate and exploit victims through words on a computer screen, or loving messages through the phone. But romance fraud can also happen in person, with the fraudst.....»»
Old methods, new technologies drive fraud losses
GenAI, deepfakes and cybercrime are critical threats putting intensifying pressures on businesses, according to Experian. Top online security concerns for consumers According to the FTC, consumers reported losing more than $10 billion to fraud in 202.....»»
Artificial intelligence is powering the latest fraud trends
The automotive retail industry was built on face-to-face interactions, but even experts often cannot spot an AI generated document with the naked eye......»»
GM captive finance company withdraws application to create a bank
The captive finance arm of General Motors applied to charter a type of bank called an Industrial Loan Company in late 2020......»»
Study IDs best "red flags" auditors can use to spot financial fraud
A new analysis of the benchmarks that auditors use to identify financial statement fraud risk finds that the most commonly used benchmarks are less effective at identifying fraud than benchmarks that are less commonly used......»»
After cybersecurity lab wouldn’t use AV software, US accuses Georgia Tech of fraud
Researchers allegedly found security protocols "burdensome." Enlarge (credit: Georgia Tech) Dr. Emmanouil "Manos" Antonakakis runs a Georgia Tech cybersecurity lab and has attracted millions of dollars in the last few ye.....»»
Fraud tactics and the growing prevalence of AI scams
In the first six months of 2024, Hiya flagged nearly 20 billion calls as suspected spam – more than 107 million spam calls everyday. The data showed spam flag rates of more than 20% of unknown calls (calls coming from outside of someone’s address.....»»
Ex-bank CEO gets 24 years after falling for crypto scam, causing bank collapse
Former bank CEO ignored warnings that he was being scammed while tanking bank. Enlarge (credit: nadia_bormotova | iStock / Getty Images Plus) A federal judge sentenced a 53-year-old Kansas man to more than 24 years in pr.....»»
F&I data: Auto loan denial rate rises to 19%
Auto lenders denied nearly 1 in 5 consumers seeking a car loan during the 12 months ending in June, a larger rejection rate than a year earlier, according to the Federal Reserve Bank of New York's survey......»»
New phishing method targets Android and iPhone users
ESET researchers discovered an uncommon type of phishing campaign targeting Android and iPhone users. They analyzed a case observed in the wild that targeted clients of a prominent Czech bank. PWA phishing flow (Source: ESET) This technique is notewo.....»»
Ticketmaster SafeTix move was deliberately anticompetitive, says DOJ lawsuit
Ticketmaster SafeTix, a feature the company claimed was for fraud-prevention, was actually intended to make it harder for customers to buy their tickets from other resellers, according to an antitrust lawsuit. The complaint says this is proven by int.....»»
Stolen, locked payment cards can be used with digital wallet apps
Fraudsters can add stolen payment cards to digital wallet apps and continue making online purchases even after victims’ report the card stolen and the bank blocks it, computer engineers with University of Massachusetts Amherst and Pennsylvania.....»»
U.S. has its first national strategy to reduce plastic pollution—three strong points and a key issue to watch
Plastic waste is piling up at a daunting pace around the world. The World Bank estimates that every person on the planet generates an average of 1.6 pounds (0.74 kilograms) of plastic waste daily......»»
Coulter Motor Co. settles vehicle pricing add-ons case with FTC, Arizona for $2.6 million
The owner of dealerships Coulter Cadillac Tempe and Coulter Buick GMC Tempe and a former general manager of the stores have agreed to pay a combined $2.6 million to settle allegations of bait-and-switch advertising, price discrimination and improper.....»»
New infosec products of the week: August 16, 2024
Here’s a look at the most interesting products from the past week, featuring releases from ClearSale, Guardio, Ivanti, Resecurity, and Stellar. Resecurity unveils new AI-driven Fraud Prevention Platform Resecurity unveiled its advanced AI-driven Fr.....»»
ClearSale introduces three solutions to protect businesses from fraud
ClearSale has announced a new portfolio of fraud prevention tools designed to meet the evolving needs of today’s digital retail landscape. The newly launched suite, dubbed “Preventative Intel,” introduces three powerful solutions: I.....»»
Scammers dupe chemical company into wiring $60 million
Orion S.A., a global chemical company with headquarters in Luxembourg, has become a victim of fraud: it lost approximately $60 million through “multiple fraudulently induced outbound wire transfers to accounts controlled by unknown third partie.....»»
Locked out of banking: Incarceration is associated with decreased bank account ownership
People who have served time in jail or prison are less likely to have bank accounts after they are released than they were before serving time, which may hinder their long-term financial security, according to new research......»»