The Secret Service has been looking into identifying scammers moving millions of stolen dollars through banks around the New York tri-state area. A Bloomberg report quotes an agent who says he has been reviewing a government database — the Internet Crime Complaint Center, or the...
The world’s biggest carmaker on Friday (Oct. 7) apologized for a breach apparently caused by a third-party vendor that is thought to have leaked close to 300,000 email addresses and associated customer management numbers. Toyota Motor announced on its website that email addresses and associated...
In financial services, you can’t fight the bad guys until you know what weapons they’re bringing to the battle. And how they’re mounting their attacks. Easier said than done, where financial institutions (FIs) are grappling with the waves of bots, account compromises and synthetic IDs....
Cryptocurrency exchange Binance’s BNB Chain is back up and running following an estimated $100M cross-chain bridge hack that led to the illicit transfer of digital assets and sensitive information. The world’s largest exchange tweeted Friday morning (Oct. 7) that the network is back online. “We...
The great reopening is upon us. Life is returning to normal, in many parts of the world. In the process, it’s reopening some lucrative channels for fraudsters and other criminals seeking to co-opt our personal and card-level data to keep their schemes chugging along. “The...
Gaming industry supplier Everi has added Prove Identity’s digital identity verification solutions to further reduce bad actors, fraudulent accounts and user friction from transactions in casinos. Everi’s Digital CashClub Wallet technology helps casino operators with funding for on-premise gaming devices, payments at point-of-sale (POS) machines...
Fake LinkedIn executive profiles are creating an issue for the business networking site, a report from KrebsOnSecurity said. The fake identities, pairing AI-generated profile photos with text from legitimate accounts, have made for trouble for corporate HR departments, and those which work with invite-only groups...
The recent discovery by Amsterdam-based cybersecurity firm ThreatFabric that criminals are using Android banking trojans to exploit vulnerabilities in BNPL apps to make fraudulent purchases is a clear indication that more needs to be done to curb the rising fraud threat in the buy now,...
The Securities and Exchange Commission (SEC) has filed charges against Bermudan company Arbitrade, Canadian company Cryptobontix and their principals. Between May 2018 and January 2019 they allegedly undertook a pump-and-dump scheme involving a cryptocurrency called “Dignity” or “DIG,” the SEC said Friday (Sept. 30) in...
