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...
No matter where you look, fraud attacks on banks and merchants are on the rise. The fraudsters are getting more creative in their schemes, leveraging the great digital shift to make the unwitting customers themselves the gateways to fraud. Social engineering, coerced payment and push...
Crooks likely used the Social Security numbers of dead people and prisoners plus filed claims in multiple states to steal more than $45 billion from the pandemic unemployment program, three times more than previous estimates. The expanded U.S. unemployment insurance program started in March 2020...
Down at the very bottom of the crypto crime report the Justice Department issued last week was a request that could make it a lot harder to buy and sell NFTs. Citing examples of criminals using the sale of the popular nonfungible tokens that hold...
Sardine, which provides fraud, compliance and instant settlement solutions, has gotten $51.5 million in Series B financing, which will go toward product development and marketing and sales worldwide, a press release said Tuesday (Sept. 20). The company’s real-time fraud prevention products help FinTechs and decentralized...
Fraud’s rise has touched the majority of businesses and financial institutions (FIs) — and many are struggling to find ways to address the increasing sophistication of criminal attacks. While our researchers learned that FIs that use AI-powered anti-fraud and anti-crime solutions experienced lower levels of...
