Who are the best fraud fighters?
Seasoned fraud expert PJ Rohall has recently become the new Head of Fraud Strategy & Education at SEON. In this Help Net Security interview, he talks about how he entered the industry, about the evolving fraud landscape, and offers advice to other fr.....»»
Escalating cyber threats: Bots, fraud farms, and cryptojacking surge, urgently requiring attention
The motivations behind cyberattacks are as diverse as the methods employed. Whether driven by financial gain, political agendas, or sheer malice, cybercriminals exploit weaknesses in cybersecurity defenses, seeking entry points to compromise sensitiv.....»»
All Science journals will now do an AI-powered check for image fraud
It will only catch the most blatant problems, but it's definitely overdue. (credit: Aurich Lawson) On Thursday, the research publisher Science announced that all of its journals will begin using commercial software that.....»»
29 malware families target 1,800 banking apps worldwide
Mobile banking is outpacing online banking across all age groups due to its convenience and our desire to have those apps at our fingertips, according to Zimperium. However, this surge is accompanied by a dramatic growth in financial fraud. The resea.....»»
US dodges delay of Sam Bankman-Fried’s sentencing by dropping second trial
SBF's sentencing remains scheduled for March 28. Enlarge (credit: TIMOTHY A. CLARY / Contributor | AFP) After FTX co-founder Sam Bankman-Fried was convicted of seven charges related to wire fraud and money laundering in.....»»
Disgraced Nikola founder Trevor Milton gets 4-year sentence for lying about EVs
Prosecutors had asked for a heavier sentence to deter future fraud. Enlarge / Trevor Milton, founder of Nikola Corp., arrives at court in New York on Monday, Dec. 18, 2023. Milton is set to be sentenced on Monday after being foun.....»»
Nikola founder Trevor Milton sentenced to 4 years in U.S. prison for fraud
Prosecutors had sought a sentence “in line” with the 11 years recommended by probation officials, saying a lengthy term of incarceration was needed both to punish Milton and deter other corporate executives from similar misconduct......»»
Visa Provisioning Intelligence predicts probability of token fraud
Visa launched Visa Provisioning Intelligence (VPI), an AI-based product designed to combat token fraud at its source. Available as a value-added service for clients, VPI uses machine learning to rate the likelihood of fraud for token provisioning req.....»»
Woman falsely accused of fraud sues McGrath Kia, bank and police in Chicago suburb
Sade Crockett, an African-American woman, is suing McGrath Kia for allegedly violating her 14th Amendment rights and Illinois state law, and for negligence......»»
DataVisor integrates SMS customer verification into its platform
DataVisor announced the expansion of its end-to-end platform capabilities with the integration of SMS customer verification for fraudulent transactions. This new offering, powered by Twilio technology, provides customers with enhanced fraud protectio.....»»
Trustmi Certify provides protection against business payment fraud
Trustmi released Trustmi Certify, a critical innovation in its new solution for bank account validation. Businesses can now benefit from Trustmi’s holistic approach to bank account validation that accurately verifies the account and provides full p.....»»
HireRight Global ID enables employers to remotely verify their candidates’ identity documents
HireRight launched its new global identity verification solution, Global ID. With identity theft and fraud on the rise—and many employees being onboarded and working remotely—it is arguably more important than ever to verify candidates’ identit.....»»
Daon xSentinel minimizes generative AI voice fraud
Daon announced the addition of xSentinel, an expansion of its AI.X technology. xSentinel provides adaptive synthetic voice protection to create a layer of defense within any voice communication channel and enhance the identity verification technologi.....»»
Cybercriminals turn to ready-made bots for quick attacks
Bots and human fraud farms were responsible for billions of attacks in the H1 of 2023 and into Q3, according to Arkose Labs. These attacks comprised 73% of all website and app traffic measured. In other words, almost three-quarters of traffic to digi.....»»
Former Big Red Dealerships controller, compliance officer sentenced in auto lender fraud case
The two co-conspirators in the Big Red Dealerships scheme to defraud car lenders have each been sentenced in the case, one receiving nearly two years in prison and the other nearly three years......»»
Apple Music fraud falls by 30% after beefing up protections
Apple Music fraud has fallen by 30% in the past year, says a new report, after the company implemented stronger protection against so-called streaming manipulation. The most obvious example of streaming fraud is where a musician uses a network of.....»»
Sigma Synthetic Fraud v4 uncovers multiplex synthetic-specific features
Socure has launched Sigma Synthetic Fraud v4. The product uses advanced machine learning and diverse, third-party and network feedback data to uncover patterns linked to insidious synthetic identity fraud. The Deloitte Center for Financial Services e.....»»
Nikola founder Trevor Milton seeks probation after fraud conviction
Trevor Milton, the convicted founder of electric- and hydrogen-powered truck maker Nikola, is seeking to avoid prison, with his lawyers saying his case differed from that of Theranos' Elizabeth Holmes, another startup founder convicted of fraud......»»
Starlink’s overzealous fraud detection locked users out of their accounts
"We had an account issue that led us to falsely flag your account as fraud." Enlarge / A Starlink satellite dish in Oriximiná, Brazil on August 9, 2023. (credit: Getty Images | Tarcisio Schnaider) The Starlink bug that.....»»
KasadaIQ for Fraud enables enterprises to predict and prevent account takeover
Kasada announced KasadaIQ, its new suite of attack prediction services. The first service in this suite — KasadaIQ for Fraud — supplies actionable signals, collected across millions of points across the Internet, for businesses who need insight i.....»»
Researcher investigates fraud deterrence in under-examined markets
Asper School of Business assistant professor of finance Jianning Huang has published a paper in Review of Accounting Studies, co-authored with Richard A. Cazier and Fuzhao Zhou, that examines how regulation affects the prevalence of fraud in over-the.....»»