Theranos exec Sunny Balwani convicted of fraud
He and fraudster Elizabeth Holmes ran the Silicon Valley company as a couple before its implosion......»»
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.....»»
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......»»
For microscopic organisms, ocean currents act as "expressway" to deeper depths, study finds
Some of the ocean's tiniest organisms get swept into underwater currents that act as a conduit that shuttles them from the sunny surface to deeper, darker depths where they play a huge role in affecting the ocean's chemistry and ecosystem, according.....»»
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.....»»
Apple Arcade is about fun, not profit, says exec in charge
Apple executive Alex Rofman says Apple Arcade was not set up to make the company money, but also insists that game developers are getting an income.Apple ArcadeApple Arcade launched in 2019, and was then included in the Apple One bundle in 2020. Toda.....»»
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.....»»
Former AFG exec reveals 2023 CareGard data breach, criticizes company"s response
AFG Cos. was unprepared for a ransomware attack last summer, for months had been unsure of the extent of the breach, and as of early this month hadn't alerted automaker partners or the agents selling its coverage to dealerships, a whistleblower alleg.....»»
US-made chips will cost Apple more, despite govt subsidies
Apple has pledged to buy US-made chips once TSMC’s Arizona plants come online, but the company may have to pay more for them. TSMC’s chief exec has said that it plans to charge customers more for chips made outside of Taiwan, due to the higher.....»»
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.....»»
Kia poised to pull ahead in race to inexpensive EVs, exec says
Kia's early moves position it to bring EVs to the U.S. mass market......»»
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.....»»
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.....»»