A Florida nurse practitioner has been convicted in a $200 million Medicare fraud scheme. Elizabeth Hernandez, 45, took part in a scheme to defraud the government by submitting phony claims for genetic testing and medical equipment that the Medicare beneficiaries did not need, the U.S. Department of Justice (DOJ)...
The rise of generative artificial intelligence (AI) has reshaped the cyber threat landscape. Firms increasingly rely on AI, and this reality is set to accelerate as the information ecosystem continues to be transformed by innovations that not only present new opportunities, but also open up...
The British government has seen a spike in the value of fraudulent COVID emergency loans. Figures released Thursday (Sept. 14) by the Department for Business and Trade showed the value of those loans rising by 572 million pounds. According to the report, the department identified 1.69 billion pounds ($2.11...
Ransomware attacks reached record-breaking numbers in March 2023, with a 91% increase compared to the previous month, according to Visa. Compared to the same period in 2022, ransomware attacks increased by 62%, the digital payments firm said in a Thursday (Sept. 7) press release. Exploited vulnerabilities...
Federal regulators say a group of social influencers carried out a $100 million fraud. According to the Securities and Exchange Commission (SEC), the eight men are accused of using the social media platforms Twitter and Discord to manipulate exchange-traded stocks in what’s known as a...
Federal authorities say Chinese hackers have stolen $20 million in COVID relief money since 2020. The U.S. Secret Service has identified the group behind the theft as a hacking team known as APT41 or Winnti, according to media reports. “Of the more than 1,000 ongoing...
Infamously heartless hackers and fraudsters are sinking to new lows in recent months by extreme targeting of hopeful job seekers on LinkedIn and other job sites, with scam offers that end in theft of sensitive information, professional services or compromise of corporate IT. A Thursday...
While companies and governments have spent billions to prevent fraud, cybercrime continues to plague businesses of every size. One recent survey found that 67% of companies fell victim to external fraud in the last 12 months, with 42% saying the fraud cost them up to...
Consumers reported losing more than $5.8 billion to fraud in 2021, a 70% jump from the year before, the Federal Trade Commission (FTC) said Tuesday (Feb. 22). According to the FTC, the commission received reports from more than 2.8 million consumers in 2021, mostly victims...
