AI verification systems give businesses an edge over scammers
Fraudsters are underestimating the power of AI to detect fake IDs, according to a new report from Ondato. Based on an analysis of millions of ID verifications carried out for …
The staggering cost of identity fraud for financial services
The impact of identity fraud varies for organizations in the financial services industry, based on whether they belong to the banking or FinTech sector, according to Regula. …
Stop online counterfeiters dead in their tracks
During this Help Net Security interview, Nicole Hofmann, CEO at Sentryc, delves into the critical issue of counterfeiting and the detrimental impact it has on industries and …
The SVB demise is a fraudster’s paradise, so take precautions
For those who haven’t followed the drama, Silicon Valley Bank has been shut down by the California Department of Financial Protection and Innovation, after a bank run that …
Fighting financial fraud through fusion centers
Keeping up with financial fraud is incredibly difficult because accurate fraud detection requires a deep, real-time analysis of all the events surrounding a transaction. …
Synthetic identity fraud calls for a new approach to identity verification
In 2022, US financial institutions and the credit card sector lost an estimated $4.88 billion to synthetic identities through falsified deposit accounts and unsecured credit …
Resecurity identified the investment scam network Digital Smoke
Resecurity identified one of the largest investment fraud networks by size and volume of operations created to defraud Internet users from Australia, Canada, China, Colombia, …
FTC reveals alarming increase in scam activity, costing consumers billions
Newly released Federal Trade Commission (FTC) data shows that consumers reported losing nearly $8.8 billion to fraud in 2022, an increase of more than 30 percent over the …
Cybercriminals exploit fear and urgency to trick consumers
Cybercriminals remained active in spying and information stealing, with lottery-themed adware campaigns used as a tactic to obtain people’s contact details, according to …
Fraudsters’ working patterns have changed in recent years
Less sophisticated fraud — in which doctored identity documents are readily spotted — has jumped 37% in 2022, according to Onfido. Fraudsters can scale these attacks on an …
Cybersecurity engineering under the Federal Trade Commission
When the Federal Trade Commission (FTC) releases new regulations or changes to existing ones, the implications may not be obvious to the average business or company employees. …
Identifying key areas for fraud risk during the recession
As economic pressure increases, so does fraud risk. While the world slides into a recession, the resulting increased debt, supply chain delays, and inflation create increased …
Featured news
Resources
Don't miss
- JSP webshells being dropped on unpatched PTC Windchill instances
- Mozilla warns of indirect prompt injection risk in AI coding agents
- DarkMoon: Open-source AI pentesting platform
- Sycophantic chatbots and the harms that build over many chats
- Companies keep bolting AI onto their products, and the security bill is coming due