Cybercrime

Cybercrime, or computer-oriented crime, is a crime that involves a computer and a network. The computer may have been used in the commission of a crime, or it may be the target.

Source: en.wikipedia.org

FinCEN Warns US Banks About AI Deepfake Frauds
FinCEN Warns US Banks About AI Deepfake Frauds
November 13, 2024  |  News

Law enforcement is warning U.S. banks about the danger of AI-powered identity fraud schemes. The Treasury Department’s Financial Crimes Enforcement Network (FinCEN) issued an alert...

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AT&T Hacker Arrested: How the Cybersecurity Landscape Evolved Post-Snowflake Breach
AT&T Hacker Arrested: How the Cybersecurity Landscape Evolved Post-Snowflake Breach
November 06, 2024  |  Cybersecurity

Over 160 of the world’s largest enterprises had their data stolen this year. All by the same attack strategy. Each of the businesses, ranging from...

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Capital One and USAA Invest in Security Firm Tidal Cyber
Capital One and USAA Invest in Security Firm Tidal Cyber
October 28, 2024  |  Investments

Security firm Tidal Cyber says it has landed investments from Capital One and USAA. The investments will help enhance the company’s enterprise edition platform and fuel the adoption of Tidal’s...

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Making Sense of Quantum Data Defense in the Payments Space
Making Sense of Quantum Data Defense in the Payments Space
October 25, 2024  |  Cybersecurity

For firms in security-critical areas like financial services and payments, it’s time to pay attention to cybersecurity. A data breach in these industries doesn’t just...

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Retailers Rethink Policies as Returns Fraud Spikes Everywhere
Retailers Rethink Policies as Returns Fraud Spikes Everywhere
October 17, 2024  |  Retail

Returns fraud is a growing global issue, costing retailers billions annually. Recent estimates suggest that fraudulent returns account for up to 13% of total returns...

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Microsoft Projects Wave of Passkey Signups as Password Attacks Double
Microsoft Projects Wave of Passkey Signups as Password Attacks Double
October 16, 2024  |  Cybersecurity

Speaking at a recent cybersecurity conference, Microsoft’s Sangeeta Ranjit presented some disturbing statistics. “In the last year alone, we saw password attacks almost double at Microsoft —...

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Bank of America: Cybercrime Could Be ‘World’s Third-Largest Economy’
Bank of America: Cybercrime Could Be ‘World’s Third-Largest Economy’
October 10, 2024  |  Cybersecurity

The cost of cyberattacks is reportedly growing alongside the increases in digitization and artificial intelligence (AI). “If cybercrime damage were a state, it would be the...

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SE Asia-Based Scam Groups Raked in $37 Billion in 2023
SE Asia-Based Scam Groups Raked in $37 Billion in 2023
October 07, 2024  |  Fraud Prevention

Scammers based in Southeast Asia took in up to $37 billion in 2023. These groups are still ramping up their efforts in spite of increased...

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Homeland Security Blocked 500-Plus Ransomware Attacks Since 2021
Homeland Security Blocked 500-Plus Ransomware Attacks Since 2021
October 06, 2024  |  Cybersecurity

U.S. cybersecurity agents have stopped more than 500 ransomware attacks since 2021. That’s according to a report Friday (Oct. 4) by Bloomberg News, citing comments...

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