Theranos exec Sunny Balwani convicted of fraud
He and fraudster Elizabeth Holmes ran the Silicon Valley company as a couple before its implosion......»»
AI-generated deepfake attacks force companies to reassess cybersecurity
As AI-generated deepfake attacks and identity fraud become more prevalent, companies are developing response plans to address these threats, according to GetApp. In fact, 73% of US respondents report that their organization has developed a deepfake r.....»»
Adobe exec described hidden pricing strategy as ‘a bit like heroin’
An Adobe exec is quoted as describing its hidden pricing strategy as being “a bit like heroin.” The remark was revealed when the government released its unredacted complaint, which accuses the company of deliberately making it hard to cancel a Cr.....»»
Another prison term in multimillion dollar ‘Ponzi-like" car export scheme
A top conspirator in a fraud and money-laundering scheme was sentenced to 15 months in prison and ordered to pay $3.5 million in restitution for his role in defrauding franchised dealerships and vehicle brokers......»»
Fighting AI-powered synthetic ID fraud with AI
Aided by the emergence of generative artificial intelligence models, synthetic identity fraud has skyrocketed, and now accounts for a staggering 85% of all identity fraud cases. For security professionals, the challenge lies in staying one step ahead.....»»
New compact camera module for M5 MacBooks expected in 2025
Apple has reportedly commissioned one of its Vietnamese suppliers, Sunny Optical, to provide a new MacBook compact camera module (CCM) from next year. This is likely to be first used in an M5 MacBook Pro in late 2025. It’s a somewhat surprising.....»»
New study highlights the alarming rise of telephone fraud targeting older adults in the UK
A new study by the University of Portsmouth has revealed that older adults in the UK, particularly those over the age of 75, are experiencing an unprecedented number of attempted telephone frauds. The research is published in the journal Internationa.....»»
Peer review is essential for science. Unfortunately, it’s broken.
There's no incentive to fix the system, which was never designed to catch fraud anyway. Enlarge (credit: Aurich Lawson | Getty Images) Rescuing Science: Restoring Trust in an Age of Doubt was the most difficult book I.....»»
Silo coming to Comic-Con July 27, with season 2 release date expected
It’s been an exciting couple of weeks for Apple TV+ news. Apple’s first summer blockbuster debuted its teaser trailer; Sunny became the best-reviewed TV+ series of the year and Fancy Dance the best-reviewed movie; finally, the critically acclaime.....»»
‘Hoodwinked’: Arkansas man suing Las Vegas dancer for $38.5M after alleged fraud scheme
‘Hoodwinked’: Arkansas man suing Las Vegas dancer for $38.5M after alleged fraud scheme.....»»
Telecoms companies now using scambaiting AI systems modelled on Lenny
A new breed of scambaiting AI systems are now being officially used by telecoms companies to protect their customers from fraud. The systems use more sophisticated versions of Lenny, a delightful simulation of a rambling old man keen to engage in len.....»»
Researchers discover a new form of scientific fraud: Uncovering "sneaked references"
A researcher working alone—apart from the world and the rest of the wider scientific community—is a classic yet misguided image. Research is, in reality, built on continuous exchange within the scientific community: First you understand the work.....»»
How to mitigate fraud on iOS devices using App Attest and DeviceCheck
App developers can minimize fraud by using App Attest and DeviceCheck, two tools provided by Apple. Here's how to use them to prevent unauthorized modifications to your app, and to prevent users from illegitimately acquiring premium content.App Attes.....»»
Fake iPhone return scam cost Apple $12 million in losses, five people charged of fraud
We have seen these kind of scams before, but this particularly case is on a ginormous industry-like scale. Five people have been charged on counts of fraud for their involvement in a fake iPhone return scheme. Essentially, people would take near-w.....»»
Five indicted in $12M fake Apple devices fraud case in southern California
A scam involving "returning" some 16,000 counterfeit iPhones and iPads to Apple stores has resulted in five arrests that could lead to decades behind bars.Several crime rings have returned fake iPhones for genuine replacementsA criminal ring operatin.....»»
Kia lawsuit says dealer defrauded automaker out of more than $500,000
Kia America has accused a New England dealer, his six present and former franchised dealerships and its COO of racketeering, fraud and related wrongdoing for a scheme that allegedly bilked the automaker out of hundreds of thousands of dollars......»»
Kia lawsuit says dealer defrauded them out of more than $500,000
Kia America has accused a New England dealer, his six present and former franchised dealerships and its COO of racketeering, fraud and related wrongdoing for a scheme that allegedly bilked the automaker out of hundreds of thousands of dollars......»»
American Honda"s top sales exec Mamadou Diallo exits as automaker gains ground
American Honda's senior vice president of auto sales, Mamadou Diallo, will depart and Acura head of sales Emile Korkor is returning to Honda Canada......»»
Viewpoint: Banning sex crime offenders from changing their names doesn"t make us safer
The government of British Columbia recently introduced a bill to ban people convicted of serious offenses from legally changing their name. The proposed amendment to the province's Name Act would also prohibit those found not criminally responsible d.....»»
Texas BMW dealership catches alleged fraud using face ID technology
It was because the woman had already been run through the Gather system that they were able to connect the two fraud attempts......»»
How to protect your parents, family (and yourself) from scam calls and fraud
In 2023, US residents over 60 lost $3.4 billion to fraudsters, and 87% of those losses were linked to personal information theft – here’s how to stop scam calls. more….....»»