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.....»»
Former Okla. Kia, Mitsubishi dealer gets nearly 11 years for fraud, tampering
U.S. District Judge Stephen Friot sentenced Bobby Mayes to 130 months in prison for defrauding car lenders at his Big Red Dealerships Group and a concurrent 65 months for tampering with his case after his conviction. He must also forfeit $1 million i.....»»
Houston dealership, police take on fraud
Helfman CDJR-Fiat lost about six vehicles, representing about $300,000, each year to customer I.D. fraud before General Manager Steven Wolf and his staff started working with the Houston Police Department to fight these crimes......»»
Macs can now detect water in USB-C ports and spot warranty fraud
To cut down on warranty claims, Apple has added a background feature with macOS Sonoma that runs liquid detection analysis on every USB-C port on a Mac.USB-C ports (plus left, MagSafe, and right, a headphone jack) on a 14-inch MacBook ProBack in 2010.....»»
DigiSure TrustScreen Negative File protects sharing platforms against fraud
DigiSure has launched TrustScreen Negative File, adding another layer of protection against fraud and unwelcome activity on sharing platforms. DigiSure empowers companies to embed digital insurance offerings, control their losses and margin, and keep.....»»
"Crypto King" Sam Bankman-Fried guilty of FTX fraud
The verdict concludes a stunning fall from grace for the 31-year-old former billionaire......»»
AI strengthens banking’s defense against fraud
Consumers are ready for the next wave of payment technology, including deployment of AI-driven biometrics to verify identity in digital-first account opening processes, according to Entrust. The key to future payment solutions 63% of respondents indi.....»»
FTX: "Crypto King" tells judge he acted on legal advice
Former crypto boss Sam Bankman-Fried testifies to fraud trial judge after jury sent home......»»
Sam Bankman-Fried begins testifying in risky bid to beat FTX fraud charges
SBF said he thought loans were legal but didn't fully read FTX terms of service. Enlarge / FTX Founder Sam Bankman-Fried arrives at US District Court on March 30, 2023, in New York City after being hit with a criminal charge for.....»»
Oscilar introduces generative AI powered platform for fraud prevention
Oscilar unveiled a generative AI risk decisioning offering that enables companies to manage credit, fraud, and compliance risks. Even the most well-funded companies struggle to keep up with the increasing pace and sophistication of fraud schemes, whi.....»»
Online scammers target desperate loan seekers using online fraud
Indian consumers are being tricked out of their hard-earned money......»»
At the foreshore of sustainable fishing: A new tool to tackle seafood fraud
Warming waters due to climate change, pollution, overfishing and fraud in the seafood supply chain means that knowing where your seafood comes from, and that it has been sourced sustainably and without forced labor, is as important as ever......»»
The double-edged sword of heightened regulation for financial services
Financial services organizations are enticing targets for cybercriminals due to their significant wealth holdings, presenting abundant opportunities for monetary gain through extortion, theft, and fraud, according to Trustwave. In addition to the mon.....»»
Sumsub For Fake’s Sake combats deepfake and synthetic fraud
Sumsub released For Fake’s Sake, a set of models enabling the detection of deepfakes and synthetic fraud in visual assets. Following this initial contribution, Sumsub will leverage feedback from the AI-research community to further improve the.....»»
New York AG accuses crypto firms of deceiving investors in $1 billion fraud
On Thursday, New York's attorney general filed a lawsuit against three digital asset firms that were caught up in the collapse of Bankman-Fried's empire last fall — Gemini Trust, Genesis Global Capital and Digital Currency Group, parent company of.....»»
Prove Identity raises $40 million to boost its digital identity solutions
Prove Identity has announced a $40 million funding round led by MassMutual Ventures and Capital One Ventures. The funds will be used to launch new commerce enablement and fraud-fighting use cases, continue Prove’s global expansion, and address the.....»»
Accounting is facing a labor crisis. Could fraud be part of the solution?
The field of accounting is facing a labor crisis. From the high rates of baby boomer CPAs that are retiring to the 4% decline in the number of college graduates earning a bachelor's or master's degree in accounting since the pandemic, accounting is s.....»»
India arrests Chinese smartphone executive in fraud probe
An executive at Vivo, one of China's top smartphone makers, has been arrested in India in connection with a money laundering probe, raising fears of a renewed crackdown on Chinese businesses in the country......»»
Sam Bankman-Fried lawyer complains US portrays him as “cartoon villain”
FTX founder's fraud trial kicks off with opening statements. Enlarge / A courtroom sketch of Sam Bankman-Fried in Manhattan federal court on Wednesday. (credit: AP) Sam Bankman-Fried has been painted as a “cartoon vill.....»»
Veriff unveils fraud mitigation solutions
Veriff launched its new Fraud Protect & Fraud Intelligence packages. These offerings provide organizations tools and expertise to mitigate fraud attempts and verify more genuine users efficiently. Each package is tailored towards meeting the specific.....»»
Medius Fraud & Risk Detection helps organizations prevent fraud
Medius announces a new Fraud & Risk Detection product to help businesses proactively prevent fraud, and gain greater visibility and more control across the invoice to pay lifecycle. The new solution extends existing risk and compliance controls withi.....»»