Meta is combating fraud ads that exploit celebrity images and mislead users into clicking on links that might lead to scams by bringing back facial recognition technology on its platforms.
Fraud RSS
_medium.jpg)
Haotian Sun and Pengfei Xue sentenced for a scheme costing Apple $2.5M. Sun gets 57 months, Xue 54 months, plus hefty restitution payments for submitting fake iPhones.
The original sextortion e-mail scam has morphed into one that exploits your relationship insecurities.
An ongoing phishing campaign targets Donald Trump supporters. It uses fake donation websites; however, the fact that it only accepts payments in crypto means its impact is limited.
A fraudulent scheme benefiting the North Korean government used laptop farms and stolen identities to trick hundreds of US companies into unknowingly paying millions to North Korean remote IT workers.
The UK-based consumer rights group, Which?, has exposed the scale of scam ads across major online platforms such as Google, YouTube, and Facebook. It called on companies to do more.
Deepfake technology has been used to trick an employee at a multinational to authorize a $25.6 million transaction to fraudsters. The worker was invited to a call with several colleagues impersonated.
In a rather atypical YouTube scamming scheme you can actually get paid by cybercriminals. However, earning a few extra bucks can get you into trouble, as the cheats hope you come back for more.
A customer ordered a new laptop from Amazon UK recently but was extremely surprised by how lightweight it was when they received the package. Turns out it had Weetabix inside it instead.
Mastercard has developed a new AI tool called Consumer Fraud Risk which helps banks to stop people from sending money to scammers. It could help prevent the loss of £100 million every year.
To raise awareness, WhatsApp introduces Security Center to its users, highlighting security measures it has in place and the resources available. It also brings some redesign to iOS and Android.
Apple has published a report that claims it prevented over $2 billion in fraudulent App Store transactions and rejected nearly 1.7 million submissions for not meeting the App Store standards.
Google has managed to prevent $2 billion worth of fraudulent transactions in 2022, the company has said. It outlined a few ways developers can take additional steps to further reduce fraud.
_medium.jpg){kind=logo}
Nishad Singh, former FTX exec and part of the "inner circle" has pleaded guilty to criminal charges in the SBF probe. Singh was involved in code writing, political donations, and fund transfers.
The US Department of Justice has launched a website with contact details so that FTX victims can reach out. It could help Sam Bankman-Fried's victims recover the funds they lost access to on FTX.
The Telecom Regulatory Authority of India is working to limit text message spam and financial frauds that occur over phone using artificial intelligence and machine learning models.
In a Californian court, a former Apple employee was found guilty of defrauding the company for a value of more than $17 million through theft, taking kickbacks, and inflating invoices.
Apple has outlined the measures that it's taking to protect its customers from fraudulent payments and apps that contravene its policies in general such as those that contain spam or copy other apps.
Want to make between $20k and $600k a month? Apparently you can if you don't mind breaking international law and risking heavy jail time. Learn how to protect yourself against cybersecurity threats.
_medium.jpg)
Microsoft and Mastercard have announced enhancements to the latter's Digital Transactions Insights solution, which now has "next-gen" identity verification and real-time decision-making capabilities.
_medium.jpg)
Google has confirmed that it has shut down an infamous operator running online pet scams. The company is also waging a legal war against online fraud and has shared some guidance on how to stay safe.
Losses to tech support scams has increased nearly two and a half times in 2021 according to FBI's latest 2021 internet crime report. Malwarebytes demonstrates how the scammers fool potential victims.
An Australian regulator has sued Meta for allowing fraudulent ads showing celebrities promoting cryptocurrencies to run rampant on Facebook. One person reportedly lost almost $500,000.
The HMRC in the UK has claimed that it "seized" Non-Fungible Tokens (NFTs) as part of a tax evasion and fraud case, amounting to $1.9 million, making this the first-ever crypto-asset seizure.
As customers shop online, gift card scams have gone up substantially. Scammers are even using WebCrawler bots to extract money, which means people might be gifting cards with zero balance
Ofcom has asked phone networks to block internet calls from abroad posing with UK numbers. It hopes that it will make a dent in the number of spam calls that people in the UK receive.
AWS has launched a new tool called Amazon Fraud Detector. It said the tool will be able to detect and prevent payment and identity fraud in just milliseconds thanks to machine learning.
EE has announced its new Digital Identity platform that consists of a number of tools to prevent the instances of fraud. The firm is working with banks to help make their systems more secure.
Twitter accounts of prominent personalities and Bitcoin exchange companies were compromised earlier today. The hackers linked to a phishing website that siphoned off close to $25,000 already.
CEO fraud has victimized more than 22,000 organizations and is responsible for over $3 billion in losses. Find out how you can create a human firewall to prevent it with this manual.
Microsoft has released the results of a new survey that showed Millennials are most likely to have fallen victim to a tech support scam despite 75% claiming to be advanced experts with technology.
The U.S. Securities and Exchange Commission is suing Elon Musk for fraud, alleging that the Tesla CEO misled investors when he tweeted about taking his company private at $420 a share.
Smuggling or drug trafficking criminals have stolen over £500 million from bank accounts in the U.K. through fraud and scams in the first half of 2018. Those criminals used data from breach incidents.
The vulnerabilities in Intel's processors and the subsequent drop in stock price has led a securities fraud attorney to launch a probe of Intel's officers that could lead to a class action suit.
Comparing the bitcoin gold rush to the Dutch Tulip Mania that affected that industry in the 1600s, JPMorgan Chase CEO called the cryptocurrency a fraud that was going to 'get someone killed'.
Cifas, a UK-based anti-fraud organisation has revealed that ID theft is on the increase and is being fuelled by the amount of personal data that people are uploading to the internet.
_-_img_1104_medium.jpg)
China's Ministry of Public Security has put four people into detention for causing panic by spreading false rumours that subsequent earthquakes, following the one in Sichuan, had hit the country.
A Minnesota judge has granted Edina Police a warrant requiring Google to provide personal info on anyone who searched for a certain name - but the warrant is not just limited to the citizens of Edina.
The cell provider has launched its own take on the Do Not Call register, blocking spam-like and fraudulent calls before they even reach your phone, you'll have to activate the free service though.
Despite Microsoft explicitly denying the possibility of a sequel in the near future, Minecraft fans rallied behind a fake successor to the popular sandbox, propelling it to 4th place in the App Store.
