Latest News
04/08/2024
Fighting back against harmful voice cloning
FTC
If a call sounds like your boss (asking for bank account numbers) or your family member (begging for help in an emergency), you’re more likely to act.
Details >04/08/2024
Coincidence? Bank robber strikes while Wisconsin police investigate fake bomb threat
Audacy.com
(WBBM NEWSRADIO) — Police in Pleasant Prairie, Wis., are investigating a simultaneous bank robbery and bomb threat that happened Saturday afternoon.
Details >04/08/2024
LOCKED OUT My bank closed my new account after I deposited a check – they refused to return my $10k for a year until I got help
The Sun
A PARALEGAL found his newly opened bank account suddenly closed and frozen, with no clue how to recover the funds.
Details >04/07/2024
People are stealing checks from Mobile County mailboxes — how to protect yourself
WKRG News 5
MOBILE COUNTY, Ala. (WKRG) — The Mobile County Sheriff’s Office is warning residents after several reports of mail being stolen from mailboxes.
Details >04/07/2024
FBI Countering Cyber Threats Through ‘Joint, Sequenced Operations,’ Director Says
FBI News
FBI Director Christopher Wray described the Bureau’s aggressive efforts to counter cyber threats and go after attackers in an April 4 speech at a conference of leading cybersecurity experts.
Details >04/07/2024
Milwaukee woman stole $100K from employer, prosecutors say; new charges
Fox 6 Milwaukee
MILWAUKEE - A Milwaukee woman, already accused of stealing more than $100,000 from her former employer, is now charged with 11 more felonies that include forgery and identity theft.
Details >04/07/2024
Ex-Ameriprise Advisor Awaits Sentencing in $1.2M Fraud Case
Think Advisor
A former Ameriprise Financial advisor in Wichita Falls, Texas, is scheduled for sentencing later this month after pleading guilty to a fraud scheme in which she took more than $1.2 million from clients.
Details >04/07/2024
Urgent Warning: Stop Sending Checks in the Mail in Minnesota
KDHL
My dad totally still sends me a check in the mail for my birthday every single year. I give him crap about it every time, because I think checks are a thing of the past with modern digital options like Apple Pay, Venmo, and more.
Details >04/07/2024
Stolen identity victim incarcerated after Wisconsin man stole his identity 36 years ago
Milwaukee Journal Sentinel
A stolen identity victim was imprisoned, institutionalized and considered "crazy" after pleading his case that a Hartland, Wisconsin, man stole his name and Social Security number when the two worked together at a hotdog cart in Albuquerque, New Mexico, 36 years ago.
Details >04/07/2024
Lakeville Man Pleads Guilty to Attempted Robbery of a Credit Union
United States Attorney's Office District of Minnesota
ST. PAUL, Minn. – A Lakeville man has pleaded guilty to attempting to rob a credit union at gunpoint, announced U.S. Attorney Andrew M. Luger.
Details >03/31/2024
Samuel Bankman-Fried Sentenced to 25 Years for His Orchestration of Multiple Fraudulent Schemes
Office of Public Affairs U.S. Department of Justice
Samuel Bankman-Fried, also known as SBF, 32, of Stanford, California, was sentenced today to 25 years in prison, three years of supervised release, and ordered to pay $11 billion in forfeiture for his orchestration of multiple fraudulent schemes.
Details >03/31/2024
Thread Hijacking: Phishes That Prey on Your Curiosity
Krebs on Security
Thread hijacking attacks. They happen when someone you know has their email account compromised, and you are suddenly dropped into an existing conversation between the sender and someone else.
Details >03/31/2024
AT&T data breach: Millions of customers caught up in major dark web leak
BBC
Personal data belonging to 73 million current or former AT&T customers has been leaked online.
Details >03/30/2024
Billings man admits payroll check scheme to defraud Crow Tribe
United States Attorney's Office District of Montana
BILLINGS — A Billings man on Thursday admitted to a scheme in which he defrauded the Crow Tribe by receiving checks from the tribe’s payroll account, forging the payees and having the payees cash the checks, U.S. Attorney Jesse Laslovich said today.
Details >03/30/2024
Man pleads guilty to armed robbery in 2021 St. Cloud bank robbery
KFGO
ST. PAUL, Minn. – A Waite Park man has pleaded guilty to robbing a St. Cloud bank in May of 2021.
Details >03/30/2024
Federal Trade Commission warns of QR code scams
10 WJAR
ORLANDO, FL (Ivanhoe Newswire) — More than 94 million Americans will use their phones to scan a QR code this year.
Details >03/27/2024
The Apple Pay Threat Facing Banks
PYMNTS
A friend was preparing for a once-in-a-lifetime yoga retreat to a fancy resort in Malaysia.
Details >03/27/2024
Mozilla Drops Onerep After CEO Admits to Running People-Search Networks
Krebs on Security
The nonprofit organization that supports the Firefox web browser said today it is winding down its new partnership with Onerep, an identity protection service recently bundled with Firefox that offers to remove users from hundreds of people-search sites. The move comes just days after a report by KrebsOnSecurity forced Onerep’s CEO to admit that he has founded dozens of people-search networks over the years.
Details >03/27/2024
Only 22% of Companies Tap Recovery Tools for Failed Cross-Border Payments
PYMNTS
Many eCommerce merchants in the United States want to expand their businesses through cross-border sales, but cross-border transactions are not without pain points.
Details >03/27/2024
SpyCloud Report: 61% of Data Breaches in 2023 Were Malware Related
Business Wire
AUSTIN, Texas--(BUSINESS WIRE)--SpyCloud, the leader in Cybercrime Analytics, today released its 2024 SpyCloud Identity Exposure Report, an annual report examining the latest trends in cybercrime and their impact on individuals and organizations. SpyCloud researchers recaptured 43.7 billion distinct identity assets in 2023, including nearly four times more personally identifiable information (PII) assets than in 2022 — over 32 billion, compared to last year’s 8.6 billion.
Details >03/27/2024
Man robbed at ATM drive-thru in Butler County
CBS News
BUTLER, Pa. (KDKA) -- State police are investigating after a man said he was robbed at a drive-thru ATM in Butler.
Details >03/25/2024
Minnesota man arrested for Sioux Falls bank robbery
Dakota News Now
SIOUX FALLS, S.D. (Dakota News Now) - Sioux Falls police responded to a bank robbery in southwest Sioux Falls Friday morning.
Details >03/25/2024
3 Virginia men charged with robbing USPS carriers, stealing mail for use in bank fraud
The Daily Progress
Three Virginia men on Friday were charged in connection with a scheme to rob U.S. Postal Service mail carriers at gunpoint and steal arrow keys used to access USPS collection mailboxes in order to obtain checks, credit cards and sensitive financial information.
Details >03/21/2024
Utah man sentenced for wire fraud during pretrial release for separate wire fraud case
2KUTV
SALT LAKE CITY (KUTV) — A Midvale, Utah, man on Monday was sentenced to 41 months in prison followed by three years of supervised release for wire fraud and contempt of court committed while on pretrial release for a separate securities fraud case.
Details >03/21/2024
Fighting Fraud With AI: Part Man, Part Machine, All Cop
PYMNTS
In financial services, technological advances open new doors and new avenues for fraud.
Details >03/21/2024
FCC Announces Effective Date for SIM Swapping Item
Federal Communications Commission
At its November 15, 2023, Open Meeting, the FCC adopted a Report and Order implementing new rules to protect cell phone consumers from SIM swap and port-out fraud, two practices that bad actors use to take control of consumers’ cell phones.
Details >03/21/2024
Florida man sentenced for ‘PPP’ fraud, identity theft
U.S. Immigration and Customs Enforcement
JACKSONVILLE, Florida – A joint investigation has led to a five-year prison sentence for a Florida man on two counts of wire fraud, two counts of aggravated identity theft and one count of theft of government property over $1,000 and ordered to pay $363,099 in restitution.
Details >03/21/2024
3 ‘little rascals’ — one as young as 11 — arrested for Houston-area Wells Fargo bank heist
New York Post
A trio of tiny bank robbers dubbed the “little rascals” were arrested by the FBI Tuesday for allegedly robbing a Wells Fargo in Houston.
Details >03/21/2024
The Not-so-True People-Search Network from China
Krebs on Security
It’s not unusual for the data brokers behind people-search websites to use pseudonyms in their day-to-day lives (you would, too).
Details >03/19/2024
Bank robbery suspects tied to Michigan heist
The Elkhart Truth
ELKHART — Details about a bank robbery in downtown Elkhart were revealed Monday after bail was set for two subjects arrested in the case Thursday just hours after the incident.
Details >03/17/2024
Article: Fraud Protection
Tri-State Livestock News
You open your computer one morning and you have a standard-looking pop-up from Microsoft telling you your computer needs support and has been hacked. It looks exactly like every sort of warning you’ve seen before.
Details >03/17/2024
Social Security employee steals $1.8 million in funds by filing fake claims, feds say
Yahoo News
A former employee for the Social Security Administration is accused of abusing her position to steal $1.8 million in benefits over a 12-year span. She’s facing federal charges in Puerto Rico.
Details >03/17/2024
West Virginia bank robbery suspect demands $1: Court docs
News Nation
SUMMERSVILLE, WV (WOWK) – A man has been arrested in connection to a bank robbery in Nicholas County.
Details >03/17/2024
2 arrested in morning bank robbery
The Elkbart Truth
ELKHART IN — Two subjects were taken into custody Thursday after police were called to a bank robbery on North Main Street.
Details >03/12/2024
Incognito Darknet Market Mass-Extorts Buyers, Sellers
Krebs on Security
Borrowing from the playbook of ransomware purveyors, the darknet narcotics bazaar Incognito Market has begun extorting all of its vendors and buyers, threatening to publish cryptocurrency transaction and chat records of users who refuse to pay a fee ranging from $100 to $20,000.
Details >03/12/2024
Signs of employment identity theft and how to protect yourself from being a victim
CBS 17
RALEIGH, N.C. (WNCN) — A stranger holding a job in your name…it’s called employment identity theft and it’s a growing problem.
Details >03/12/2024
Crypto scams are robbing Americans blind
KTLA 5
According to a new report from the FBI, internet financial crime in the United States reached $12.5 billion in 2023, a 22% increase over the prior year.
Details >03/12/2024
$6.8 million pandemic fraud scheme leader sentenced to 5 years in prison
NBC 24 News
SEATTLE (KOMO) — The leader of a fraud ring that stole more than $6.8 million in pandemic benefits from nearly every major COVID-19 pandemic assistance program was sentenced to prison.
Details >03/12/2024
Berkeley County man sentenced to prison for bank fraud
The Berkeley Independent
Cordero Prioleau, 35, of Ladson, was sentenced to two and a half years in federal prison after pleading guilty to conspiracy to bank fraud.
Details >03/12/2024
Arkansas man serves time for multi-state check fraud scheme
1011 Now
LINCOLN, Neb. (KOLN) - An Arkansas man was sentenced for his role in a multi-state check fraud scheme that caused more than $64,000 in losses across the Midwest.
Details >03/12/2024
Will your bank or investment fund stop a transfer to a scammer? Probably not
FTC
We expect banks and brokers to keep our money safe. We think they’ll stop or warn us about suspicious transfers out of our accounts. But do they?
Details >03/12/2024
Gangs find new way to rob ATMs: Follow the repairmen
Florida Politics
'This tactic is low risk and high reward.' Two men in a Houston-based criminal gang have pleaded guilty in federal court after being charged as part of a roving nationwide ATM crime spree in which a new method was used to break into cash machines, robbing banks in Florida and other states and netting hundreds of thousands of dollars.
Details >03/12/2024
Milwaukee ID theft; woman gets 5 years in prison
AOL
MILWAUKEE - A 26-year-old woman was sentenced on Friday, March 8 to five years in prison in connection to identity theft crimes.
Details >03/12/2024
Jackson man sentenced for conspiracy to commit bank fraud, aggravated identity theft
MSN
JACKSON, Miss. (WLBT) - A judge sentenced a Jackson man to 26 months in prison for conspiracy to commit bank fraud and aggravated identity theft.
Details >03/12/2024
Unidentified man arrested for fake ID
Nwestiowa.com
SHELDON—The Sheldon Police Department is trying to identify a man who has been arrested for possession of fictitious license, ID card or form.
Details >03/12/2024
Romanian Woman Sentenced for Possession of Device Making Equipment and Aggravated Identity Theft
US Attorney's Office District of Nebraska
United States Attorney Susan Lehr announced that Mona Maria Tataru, 32, a Romanian citizen whose most recent address was in Los Angeles, California, was sentenced on March 8, 2024, in federal court in Omaha, Nebraska, for possession of device making equipment with intent to defraud and aggravated identity theft.
Details >03/10/2024
BBB Scam Alert: The "Can you hear me?" phone scam is still ringing (hint: Just hang up!)
BBB
The “Can you hear me?” scam has been targeting consumers for quite some time.
Details >03/10/2024
Tri-State woman’s identity stolen to make forged temporary ID
Fox 19
CINCINNATI (WXIX) - A suspect in the Hamilton County Jail following an indictment for stealing a woman’s identity to make false BMV intermittent paperwork and forge checks.
Details >03/10/2024
Microsoft's senior executives targeted in Russian hackers' password spray attack
Business Insider
Russian state-backed hackers have been targeting Microsoft systems, the company announced in a blog update.
Details >03/10/2024
A cyber warning for health care
Star Tribune
Attack on UnitedHealth Group-owned company has had a broad, harmful impact. Company has faced criticism from medical providers for its response. This is an opportunity to step up.
Details >03/10/2024
These 10 costly scams are most rampant. Here are the red flags to look for
Fox 8
(NEXSTAR) – As technology gets more sophisticated, so do scammers. As bad actors adapt to the times, cryptocurrency scams are becoming a bigger problem, duping Americans out of huge sums, the Better Business Bureau said.
Details >03/10/2024
2 women drove dead elderly man’s body to bank to withdraw money, police say
KTIV Sioux City IA
ASHTABULA COUNTY, Ohio (WOIO/Gray News) - Two Ohio women were arrested after telling police they drove a dead man’s body to the bank and then left it at a hospital.
Details >03/10/2024
Georgia Man Ends Life After Multi-State Manhunt, Bank Robbery Standoff at Illinois Truck Stop
Hoodline
A man from Georgia met a grisly end by taking his own life after a nearly 8-hour standoff with police at an Illinois truck stop following a bank robbery in Shelby Township, authorities said.
Details >03/10/2024
These New York Area Codes Are Used Most By Scammers
The New 96.1
How many times has your phone gone off and you notice an area code that you are not familiar with or know isn't one from where your friends and family live?
Details >03/10/2024
Officials warn SNAP recipients about potential fraud
WHIO TV 7
The Ohio Department of Job and Family Services is warning Supplemental Nutrition Assistance Program benefits recipients of potential fraud.
Details >03/10/2024
How imposters are trying to exploit your grief and wallet in a new funeral scam
Cyber Guy
Just when you thought you’d seen the worst of humanity, scammers have managed to reach a new low. You thought the Facebook scam about how scammers are commandeering people’s Facebook profiles with fake bereavement posts was terrible? It gets worse.
Details >03/10/2024
Quincy man pleads guilty to $1 million bank fraud scheme involving counterfeit checks
The Patriot Ledger
BOSTON – A Quincy man pleaded guilty in federal court in Boston to a million-dollar bank fraud scheme in which he deposited hundreds of counterfeit checks, the U.S. attorney's office said.
Details >03/10/2024
Arkansas man sentenced in Omaha courtroom in multi-state check fraud scheme
WOWT
OMAHA, Neb. (WOWT) - The following is a list of federal sentences handed down Friday in Omaha, as provided by U.S. Attorney Susan Lehr’s office in the District of Nebraska.
Details >03/10/2024
Tuscaloosa man charged with securities fraud in $400k investment scheme
ABC 3340
TUSCALOOSA, Ala. (WBMA) — A Tuscaloosa man was arrested and charged with multiple state securities law violations.
Details >03/07/2024
‘Pig Butchering’ Scams Pose Growing Risk to Businesses
PYMNTS
Behavioral fraud and social engineering scams are getting more dangerous for businesses.
Details >03/07/2024
Can Paying in Cryptocurrency Keep Your Data Safe?
IT Security Guru
We have witnessed cryptocurrency’s rise from speculation to popularity because of the many benefits it offers and the financial gaps it has managed to fill in many industries, including finance, retail, entertainment, and many more.
Details >03/07/2024
Pennsylvania Attorney General calls for Meta to investigate account takeovers
ABC 27
HARRISBURG, Pa. (WHTM) — Pennsylvania Attorney General Michelle Henry announced that she along with 40 other Attorneys General has sent a letter to Facebook and Instagram owner Meta asking them for an investigation into a spike of account takeovers.
Details >03/07/2024
Illinois Man Sentenced in $150,000 Bank Fraud Scheme
U.S. Attorney's Office Western District of Tennessee
Memphis, TN – A federal judge in Memphis sentenced Danville, Illinois native Joseph Willis, 44, to more than two years in prison for bank fraud. United States Attorney Kevin G. Ritz announced the sentence today.
Details >03/07/2024
Butte PD arrests man for armed burglary of Rocker Inn, links suspect to other recent crimes in the area
Longview News-Journal
BUTTE, Mont. - An arrest was made Wednesday in the Rocker Inn robbery case outside of Butte, linking one Butte man to multiple recent crimes in the area.
Details >03/06/2024
Younger Consumers Drive Surge in Peer-to-Peer Payments App Popularity
PYMNTS
Peer-to-peer (P2P) payments have grown increasingly popular in the past several years. This is especially true for younger consumers, who prefer a digital-first payment experience.
Details >03/06/2024
Amex cardholder data exposed in merchant processor hack
Payments Dive
The point-of-sale attack on a merchant processor may have compromised account information of the company’s cardholders, Amex said in a state regulatory filing.
Details >03/06/2024
Hackers claim Minnesota-based UnitedHealth Group paid $22M ransom for patient, employee data, reports say
KSTP-TV
New reports claim the Minnetonka-based health insurer UnitedHealth Group may have paid millions of dollars to hackers after a cyberattack two weeks ago.
Details >03/05/2024
BlackCat Ransomware Group Implodes After Apparent $22M Payment by Change Healthcare
Krebs on Security
There are indications that U.S. healthcare giant Change Healthcare has made a $22 million extortion payment to the infamous BlackCat ransomware group (a.k.a. “ALPHV“) as the company struggles to bring services back online amid a cyberattack that has disrupted prescription drug services nationwide for weeks.
Details >02/29/2024
Rising Check Fraud in Methuen: Victims, Police Response, and Prevention Tips
BNN Breaking
In Methuen, Massachusetts, a worrying trend of check fraud has emerged, with criminals increasingly targeting mailed checks for alteration and subsequent cashing, exploiting the trust and traditional methods of transaction used by many, particularly the elderly.
Details >02/29/2024
Feds charge Detroit woman in scheme to steal homes from owners
The Detroit News
A Detroit woman has been charged in a federal criminal complaint for allegedly running a scheme that stole houses from dozens of Detroiters, officials said.
Details >02/29/2024
Five Defendants Arrested for Engaging in Sophisticated ATM Skimming Schemes Involving Theft of Account Information and PIN Numbers from Unsuspecting Bank Customers
United States Attorney's Office Eastern District of New York
Defendants Installed Skimming Devices and Cameras in ATMs to Steal Customer Information and then Used that Information to Withdraw Cash and Make Purchases
Details >02/29/2024
Is charging phones using public ports safe? The RBI warns about juice jacking
Firstpost
Many individuals frequently go to coffee shops, stores, and other locations with charging ports when their phone’s battery runs low.
Details >02/29/2024
Calendar Meeting Links Used to Spread Mac Malware
Krebs on Security
Malicious hackers are targeting people in the cryptocurrency space in attacks that start with a link added to the target’s calendar at Calendly, a popular application for scheduling appointments and meetings
Details >02/29/2024
Edina Financial Adviser Charged with Wire Fraud for Stealing $1.6 Million from Clients
United States Attorney's Office District of Minnesota
MINNEAPOLIS – An Edina financial adviser has been charged with wire fraud after misappropriating $1.6 million in client investment funds, announced United States Attorney Andrew M. Luger.
Details >02/29/2024
Fulton County, Security Experts Call LockBit’s Bluff
Krebs on Security
The ransomware group LockBit told officials with Fulton County, Ga. they could expect to see their internal documents published online this morning unless the county paid a ransom demand
Details >02/29/2024
UnitedHealth confirms 'Blackcat' group behind recent cyber attack
NASDAQ
Feb 29 (Reuters) - UnitedHealth Group UNH.N said on Thursday that the recent cyberattack at its tech unit, Change Healthcare, was perpetrated by hackers who identified themselves as the 'Blackcat' ransomware group.
Details >02/29/2024
2 charged with forgery after printing fake checks in Iowa hotel
KCCI Des Moines
IOWA CITY, Iowa (KCRG) — Two people have been charged with four counts of forgery each after police say they discovered a check printing scheme at an Iowa City hotel in December 2022, according to KCRG.
Details >02/29/2024
Three arrested in relation to extensive check fraud scheme
TriState Home Page
HENDERSON, Ky. (WEHT) – Three men were arrested in Evansville on fraud and forgery charges.
Details >02/29/2024
Iowa City Hotel Scheme Unraveled: Two Charged in Forged Check Operation
BNN Breaking News
In a startling revelation, a sophisticated check printing scheme was uncovered at Hotel Chauncey in Iowa City, leading to charges against two individuals.
Details >02/29/2024
Sophisticated cyber criminals target Reno locals through SIM swap identity theft
News 4
RENO, Nev. (News 4 & Fox 11) — Criminals are targeting information kept in a cell phone and by doing so, they're able to steal someone's identity.
Details >02/28/2024
Former Alabama Mail Carrier Gets 30 Months In Prison For Fraud, Aggravated Identity Theft
Tampa Free Press
An Alabama woman was sentenced to 30 months in prison for conspiracy, bank fraud, aggravated identity theft, and theft of a United States Postal Service (“USPS”) key.
Details >02/27/2024
FBI’s LockBit Takedown Postponed a Ticking Time Bomb in Fulton County, Ga.
Krebs on Security
The FBI’s takedown of the LockBit ransomware group last week came as LockBit was preparing to release sensitive data stolen from government computer systems in Fulton County, Ga
Details >02/27/2024
Synchrony Says KYC Will Determine Authentication’s Future
PYMNTS
Authentication in the payments space is continuously evolving.
Details >02/27/2024
Hackers Hijack Websites to Inject Malware that Steals User Credentials
Cyber Security News
Concerning a development for internet security, a new form of website malware known as “Angel Drainer” has been increasingly targeting Web3 and cryptocurrency assets since January 2024.
Details >02/27/2024
PayPal files patent for new method to detect stolen cookies
Bleeping Computer
PayPal has filed a patent application for a novel method that can identify when "super-cookie" is stolen, which could improve the cookie-based authentication mechanism and limit account takeover attacks.
Details >02/27/2024
Building a Cyber Insurance Backstop Is Harder Than It Sounds
LawFare Media
Insurers argue that a government backstop would help them cover catastrophic cyberattacks, but it’s not so simple.
Details >02/27/2024
Hampton County School District victim of cyber attack; SLED, law enforcement investigating
Bluffton Today
Law enforcement is investigating and the Hampton County School District is now taking increased precautions after an almost-successful cyber attack last week.
Details >02/27/2024
Lockbit cybercrime gang says it is back online following global police bust
Reuters
LONDON, Feb 26 (Reuters) - Lockbit, the cybercrime gang that was knocked offline by a comprehensive international police operation earlier this month, says it has restored its servers and is back in business.
Details >02/27/2024
Change Healthcare provides update on cyberattack
Security Magazine
Change Healthcare, a technology company primarily used for pharmaceutical communication, has notified users and patients of a cyberattack.
Details >02/27/2024
Deputies searching for Sarasota bank robber who demanded money and ran
AOL
SARASOTA, Fla. - A man demanded money from a teller at Fifth Third Bank in Sarasota and got away on Saturday, according to deputies.
Details >02/27/2024
'Everybody Is Just Scrambling': Nationwide Cyber Attack Delays Bay Area Pharmacy Orders
KQED
People across the Bay Area are clamoring to fill essential medications after a cyber attack last Wednesday disrupted data transmission lines between health care providers, insurance companies and pharmacies.
Details >02/27/2024
‘Penguin bandit’ charged after series of bank robberies in Denver
Fox 31
DENVER (KDVR) — In January, police were looking for a bank robbery suspect based on his walk. On Friday, the United States Attorney’s Office for the District of Colorado announced the charges against the suspected “penguin bandit.”
Details >02/27/2024
Alleged bank robber arrested in Gallatin
WKRN.com
GALLATIN, Tenn. (WKRN) – A man was arrested Monday just minutes after allegedly robbing a bank in Gallatin.
Details >02/23/2024
New Leak Shows Business Side of China’s APT Menace
Krebs On Security
A new data leak that appears to have come from one of China’s top private cybersecurity firms provides a rare glimpse into the commercial side of China’s many state-sponsored hacking groups.
Details >02/23/2024
Cyberattacks are the No. 1 worry for business leaders—and AI may be able to help
Fortune
Executives consider cyberattacks the top threat to their companies, and artificial intelligence only exacerbates the risk by helping hackers infiltrate computer systems more quickly and effectively. But AI can also help protect businesses.
Details >02/23/2024
Change Healthcare Cyber-Attack Leads to Prescription Delays
Infosecurity Magazine
Health tech firm Change Healthcare, part of Optum, has been hit by a cyber-attack, leading to delays in prescriptions being issued to patients.
Details >02/23/2024
FBI Warns of ‘Unprecedented Increase’ in Chinese Cyberattacks on US Infrastructure
Homeland Security Today
FBI Director Christopher Wray said that the agency is “laser-focused” on deterring the threat posed by China that is capable of undermining U.S. national security
Details >02/23/2024
Two Individuals Convicted for $11M COVID-19 Relief Fraud Scheme
U.S. Department of Justice
A federal jury in Atlanta convicted a Georgia man and woman yesterday for their roles in an over $11 million Paycheck Protection Program (PPP) fraud scheme.
Details >02/23/2024
Campbell County Man Sentenced for Fraud Using Counterfeit Money
U.S. Attorney's Office Eastern District of Kentucky
COVINGTON, Ky. – A Melbourne, Ky., man, Timothy Noble, 35, was sentenced on Wednesday, by Chief U.S. District Judge Danny C. Reeves, to a total of 40 months incarceration, for passing counterfeit money with the intent to defraud.
Details >02/23/2024
Durham Police seek help identifying suspect in bank robbery
ABC 11 News
DURHAM, N.C. (WTVD) -- Durham Police are asking for help in identifying a man who robbed a bank Wednesday morning.
Details >02/23/2024
FBI: Waldo UMB Bank robbery suspect gets away with cash, threatened teller with explosive device
KSHB Kansas City
KANSAS CITY, Mo. — The Kansas City, Missouri, Police Department and FBI are investigating a bank robbery in the Waldo neighborhood Thursday.
Details >02/23/2024
Federal Jury Convicts Minneapolis Man for Insider Trading Scheme
U.S. Attorney's Office District of Minnesota
ST. PAUL, Minn. – A federal jury has convicted a Minneapolis man in an insider trading conspiracy involving nonpublic negotiations for the acquisition of a medical device company valued at $1.6 billion, announced First Assistant U.S. Attorney Ann M. Bildtsen.
Details >02/23/2024
Police: Woman in Wisconsin tries robbing two banks in same day, arrested after police chase
MSN WFRV Green Bay
FITCHBURG, Wis. (WFRV) – A woman who was on extended supervision for prior bank robbery convictions was arrested after allegedly robbing one Wisconsin bank and attempting to rob another on the same day.
Details >02/23/2024
Task Force KleptoCapture Announces Array of New Charges, Arrests, and Forfeiture Proceedings in Advance of Second Anniversary of Illegal Invasion of Ukraine
U.S. Department of Justice
United States seeks forfeiture of $2.5 million in luxury properties, makes two arrests, charges two sanctioned oligarchs, and secures guilty plea in significant money laundering case
Details >02/23/2024
CFPB may take legal action against Block
Payments Dive
The bureau has informed the digital payment company it’s weighing legal action related to a Cash App probe.
Details >02/21/2024
Identity theft on the rise in North Alabama as tax season nears its peak
WAAY TV
As peak tax season arrives, scammers are looking to take advantage of you and your hard-earned money.
Details >02/21/2024
Two sent to prison for stealing nearly $3m in IRS refunds
IRS
HOUSTON — Two men have been sentenced for their roles in a scheme to cash stolen tax checks, announced U.S. Attorney Alamdar S. Hamdani.
Details >02/21/2024
Evangelist, five others to die by hanging for bank robberies in Ondo
Vanguard
An Akure High Court, in Ondo state, has sentenced a popular Akure based Evangelist, Adewale Adelu, and five others to death by hanging for robbing two different banks in the state, 13 years ago.
Details >02/21/2024
Former bank manager sentenced to 3+ years in prison for theft from customer accounts
United States Attorney's Office District of Washington
Stole more than $1 million from bank customers – preyed on those who were disabled or elderly and less apt to monitor accounts
Details >02/21/2024
Nigerian Man Extradited from the United Kingdom to Bismarck, North Dakota on Wire Fraud, Mail Fraud, and Money Laundering Charges
United States Attorney's Office District of North Dakota
BISMARCK – United States Attorney Mac Schneider announced that on February 12, 2024, Nigerian citizen Christopher Agbaje made an initial appearance in the United States District Court for the District of North Dakota, on charges of 1) Wire Fraud; 2) Mail Fraud; and 3) Money Laundering.
Details >02/20/2024
Feds Seize LockBit Ransomware Websites, Offer Decryption Tools, Troll Affiliates
Krebs on Security
U.S. and U.K. authorities have seized the darknet websites run by LockBit, a prolific and destructive ransomware group that has claimed more than 2,000 victims worldwide and extorted over $120 million in payments.
Details >02/20/2024
Serial swindler busted after hitting multiple powersports dealerships
Power Sports Business
A Minnesota man with a lengthy history of theft and check fraud is now charged with stealing more than $200,000 from a dozen Twin Cities businesses, according to a Fox 9 report.
Details >02/20/2024
Police, FBI searching for suspect who robbed Brighton bank
Denver 7
BRIGHTON, Colo. — The Brighton Police Department and Federal Bureau of Investigation are searching for a suspect who robbed a Brighton bank Monday afternoon.
Details >02/20/2024
U.S. and U.K. Disrupt LockBit Ransomware Variant
Office of Public Affairs U.S. Department of Justice
U.S. Indictment Charges Two Russian Nationals with Attacks Against Multiple U.S. and International Victims; FBI Seizes Infrastructure; and Department of Treasury Takes Additional Action Against LockBit
Details >02/20/2024
Older people lose $28B to scams, maybe due to a more trusting nature
Investment News
Older people may be at greater risk of missing warning signs that suggest a potential scam from someone they know, according to new research from the University of Florida.
Details >02/20/2024
Non-profit check fraud scam appears to span states
Keloland.com
SIOUX FALLS, S.D. (KELO) — A wide-reaching attempt to scam non-profits has targeted a number of South Dakota organizations.
Details >02/20/2024
Federal regulators are probing whether Cash App leaves door open to money launderers, terrorists
NBC News
The payment app, used by millions and celebrated by rappers, “had no effective procedure" to establish the true identity of customers, two whistleblowers told officials.
Details >02/20/2024
Four accused in Missouri of a nationwide financial scam targeting the elderly
KTTN.com
Four men from California have been indicted in connection with a nationwide tech support fraud scam targeting the elderly.
Details >02/20/2024
Experts urge senators to act in the fight against financial fraud
AFR News
Americans are reporting fewer frauds since a peak in 2021. However, experts at a Jan. 31 Senate hearing said scammers are only getting better at extracting more money from their victims.
Details >02/16/2024
Charges: Teens robbed man they met through Facebook Marketplace
Bring Me The News
Minneapolis police are investigating their connection to a wider wave of armed robberies in the city in recent weeks.
Details >02/16/2024
Social Security Publishes Proposed Rule for Payroll Information Exchange to Reduce Improper Payments
SSA
Today, the Social Security Administration published a proposed rule, “Use of Electronic Payroll Data to Improve Program Administration,” describing the agency’s plans for accessing and using information from payroll data providers to reduce improper payments, including overpayments, which improves service to customers.
Details >02/16/2024
Government impersonators mail fake notices to business owners
FTC
You’ve heard about scammers who pose as government workers, calling to demand your money or information.
Details >02/15/2024
ND consumers lost millions to scams
Minot Daily News
North Dakota consumers submitted 3,181 fraud reports in 2023, according to newly released data from the Federal Trade Commission. The state’s consumers reported losing more than $15.66 million to fraud, with a median loss of $500.
Details >02/15/2024
More than half of P2P fraud victims lose money: AARP
Payments Dive
“When it comes to addressing instances of financial exploitation, consumers are less likely to trust P2P platforms than banks and credit unions,” an AARP survey reported.
Details >02/15/2024
U.S. Internet Leaked Years of Internal, Customer Emails
Krebs on Security
The Minnesota-based Internet provider U.S. Internet Corp. has a business unit called Securence, which specializes in providing filtered, secure email services to businesses, educational institutions and government agencies worldwide.
Details >02/15/2024
Woman robbed by people pretending to be good Samaritans outside Gardena bank
NBC Los Angeles
Juana Gutiérrez said she was robbed by a couple of people pretending to be good Samaritans outside a Gardena bank.
Details >02/15/2024
Ransomware attack believed to be behind Fulton County cybersecurity incident, officials say
Atlanta News First
ATLANTA, Ga. (Atlanta News First) - A ransomware attack is believed to be behind a “cybersecurity incident” that left several Fulton County government services unavailable for weeks, according to officials.
Details >02/15/2024
Man jailed after attempted bank robbery in Hoover
Trussvilletribune.com
HOOVER — A Birmingham man who attempted a bank robbery in Hoover is behind bars tonight, according to Hoover Police. Ian Everett D’Arpa, 46, of Birmingham is being held without bond.
Details >02/15/2024
CFPB’s proposed rule would cripple government fraud prevention effo
The Hill
In the aftermath of the most damaging and widespread fraud event in our history, this would be an exceptionally bad time to tie government agencies’ hands in protecting citizens and preventing fraud.
Details >02/15/2024
Home security video catch person taking mail that results in $8,000 worth of fraudulent checks
ABC 11 News
HARNETT COUNTY, NC (WTVD) -- Mail was stolen right out of a homeowner's mailbox and a homeowner in Harnett County caught it all on camera.
Details >02/15/2024
Non-profit check fraud scam appears to span states
KeloLand.com
SIOUX FALLS, S.D. (KELO) — A wide-reaching attempt to scam non-profits has targeted a number of South Dakota organizations.
Details >02/15/2024
India-based computer-hacking scam that targeted elderly across the country and stole $150,000 from a Kalispell woman sends Indian national to prison for more than four years
United States Attorney's Office District of Montana
MISSOULA — A federal judge today sentenced an Indian national to four years and three months in prison for his role in stealing $150,000 from a Kalispell woman through an international computer-hacking scheme that targeted elderly Americans nationwide and resulted in more than $1.2 million in total losses, U.S. Attorney Jesse Laslovich said.
Details >02/15/2024
Department of Revenue will start reissuing over 128,000 expired one-time tax rebate checks next week
Minnesota Department of Revenue
ST. PAUL, Minn. - The Minnesota Department of Revenue announced today that they will be reissuing over 128,000 one-time tax rebate checks that have gone uncashed and subsequently expired after their November and December issuance dates. The mailing of reissued checks will start next week and should be completed by mid-March.
Details >02/15/2024
Bitcoin Depot CEO weighs in on new California law
Payments Dive
Bitcoin Depot CEO Brandon Mintz contends a new California law will “create economic challenges” for his company and other crypto ATM operators.
Details >02/15/2024
Georgia Man Sentenced for Bank Fraud Conspiracy and Identity Theft
United States Attorney's Office District of New Hampshire
CONCORD – A Georgia man was sentencing today in federal court in Concord for conspiracy to commit bank fraud and two counts of aggravated identity theft, United States Attorney Jane E. Young announces.
Details >02/14/2024
Three large blue USPS mail collection boxes stolen in St. Paul, later found
Pioneer Press
In an unusual theft, three large blue U.S. Postal Service mail collection boxes were stolen in St. Paul and later found.
Details >02/12/2024
Montana residents lose $21M in 10,000 fraud cases in 2023
NBC Montana
MISSOULA, Mont. — New data shows the Federal Trade Commission received nearly 9,729 reports from consumers in Montana in 2023. That includes just under 5,999 fraud reports from consumers who reported losing $21,093,571 to scams last year, with a median loss of $500.
Details >02/12/2024
Facts about fraud from the FTC – and what it means for your business
FTC
The FTC just issued its 2023 Consumer Sentinel Network Data Book jam-packed with facts about the kind of scams consumers have reported to us.
Details >02/12/2024
Smart Helmets Flaw Exposed Millions to Risk of Hacking and Surveillance
Hack Read
According to cybersecurity firm Pen Test Partners, Livall’s smart helmets had an inherent flaw that could lead to the leaking of critical, sensitive user information including location data.
Details >02/12/2024
Could China Unleash a Cyber Pearl Harbor?
Breitbart
FBI Director Warns That Chinese Hackers Are Preparing to Inflict “Real-World Harm” on Americans
Details >02/12/2024
Elderly Couple Reclaims Life Savings from Check Washing Scam
BNN Breaking
An elderly couple in Cicero, Illinois nearly lost their life savings to a check washing scam. After a five-month struggle, their daughter's determination led to the return of their hard-earned money. This incident highlights the growing prevalence of check washing scams and the importance of financial literacy and secure banking practices.
Details >02/12/2024
Nearly 40 people in Wisconsin have been charged with defrauding COVID funds
Wausau Pilot & Review
During the pandemic, the federal government distributed a massive $4.2 trillion to local governments, businesses and people. Some of those funds were stolen, and one estimate puts the amount in the hundreds of billions of dollars.
Details >02/12/2024
NY AG Alleges $3 Billion Fraud in Updated Crypto Scam Case
PYMNTS
New York has expanded what had been a $1 billion lawsuit against three cryptocurrency companies.
Details >02/09/2024
Credential Stuffing: Who Owns the Risk?
Security Boulevard
Kasada was recently in the news after identifying a credential stuffing campaign targeting Australian retail, fast food, and entertainment outlets.
Details >02/09/2024
Criminals turn to low-tech ‘check washing’ as online fraud made harder
The Reminder
LONGMEADOW — Online financial transactions have been a major path for theft and identity fraud for years. As more safeguards have been put in place to protect against those crimes, thieves have shifted back to more low-tech methods of stealing from the public.
Details >02/09/2024
Juniper Support Portal Exposed Customer Device Info
Krebs on Security
Until earlier this week, the support website for networking equipment vendor Juniper Networks was exposing potentially sensitive information tied to customer products, including which devices customers bought, as well as each product’s warranty status, service contracts and serial numbers.
Details >02/09/2024
The Vital Role of Defensive AI: Safeguarding the Future
FORTRA
In recent times, the remarkable advancement of AI has revolutionized our technological landscape. Its profound benefits have not only enhanced the efficiency of our daily operations but also induced transformative shifts across industries.
Details >02/09/2024
WhatsApp Scams in 2024: How to Spot a Fake
FORTRA
Last year, text scammers prowling around on messaging platforms like WhatsApp sent a staggering 19 million messages in December alone. When ploys like these can rake up over $10 million in a matter of months, it's easy to see why.
Details >02/09/2024
Surge in deepfake "Face Swap" attacks puts remote identity verification at risk
FORTRA
New research shows a 704% increase in deepfake "face swap" attacks from the first to the second half of 2023.
Details >02/09/2024
Strengthening Fraud Mitigation with Evolving Online Authentication Methods
The Federal Reserve FedPayments Improvement
When consumers and businesses make payments online, they typically focus on making sure recipients receive their payments on time, so they don’t incur late fees. Fraud is likely not on their minds.
Details >02/09/2024
Think you know what the top scam of 2023 was? Take a guess
FTC
Every day people report to the FTC the scams they spot. Every year, the FTC shares the information we collect in a data book which tells a story about the top scams people tell us about – so we can all spot and avoid them.
Details >02/07/2024
APP Fraud in Focus as Digital Tools Redefine Prevention Tactics
PYMNTS
The widespread adoption of person-to-person (P2P) payment apps and services has fueled a surge in credit-push payment volume, a trend that has been further accelerated by the recent introduction of real-time payments in the United States.
Details >02/07/2024
Whitepaper: Why Microsoft’s password protection is not enough
Help Net Security
Microsoft’s Azure AD Password Protection, now rebranded as Microsoft Entra ID helps users create a password policy they hope will protect their systems from account takeover and other identity and access management issues.
Details >02/07/2024
‘I had no idea’: Victim says as Raleigh woman accused of identity theft again
CBS17.com
RALEIGH, N.C. (WNCN) — Five North Carolina hospitals, an assumed identity, and a victim demanding answers.
Details >02/07/2024
Scammers pretend to be government employees, demanding money, FBI warns
Fox 13 Memphis, TN
MEMPHIS, Tenn. - The U.S. Marshals and the FBI have reported a problem in the Mid-South saying that scammers are pretending to be government employees and demanding payments.
Details >02/07/2024
From Cybercrime Saul Goodman to the Russian GRU
Krebs on Security
In 2021, the exclusive Russian cybercrime forum Mazafaka was hacked.
Details >02/07/2024
Suspect caught with $250K at Sweetwater truck stop charged with Money Laundering
Yahoo News
SWEETWATER, Texas (KTAB/KRBC) – A suspect who was caught with $250,000 worth of cash at a truck stop in Sweetwater has been charged with Money Laundering.
Details >02/07/2024
Senators Pressure FinCEN to Fully Implement AML Whistleblower Program
National Law Review
A bipartisan group of senators have joined whistleblower advocates in calling on the Financial Crime Enforcement Network (FinCEN) to adopt regulations fully implementing the Anti-Money Laundering (AML) Whistleblower Program. In a letter sent on February 2 to FinCEN Director Andrea Gacki, Senators Chuck Grassley (R-IA), Elizabeth Warren (D-MA), and Raphael Warnock (D-GA) outline their concerns with the agency’s delay in the rulemaking process and emphasize the importance of the program.
Details >02/07/2024
Brighton police searching for bank robbery suspect
Denver 7
BRIGHTON, Colo. — The Brighton Police Department is searching for a man accused of robbing a bank Tuesday afternoon.
Details >02/06/2024
Deepfake scam video cost company $26 mnl; Tencent fires 120 for fraud
Space War
Scammers tricked a multinational firm out of some $26 million by impersonating senior executives using deepfake technology, Hong Kong police said Sunday, in one of the first cases of its kind in the city.
Details >02/06/2024
Minneapolis Man Sentenced to 10 Years in Prison for Three Armed Carjackings
Red Lake Nation News
ST. PAUL, Minn. – A Minneapolis man has been sentenced to 121 months in federal prison, three years of supervised release, and ordered to pay $1,100 in restitution to the victims of three violent carjackings committed within a 24-hour period in March 2023, announced U.S. Attorney Andrew M. Luger.
Details >02/06/2024
SWAT sniper shoots, kills attempted bank robber at Fort Myers shopping mall
Tampa Bay 10
FORT MYERS, Fla. — A SWAT team sharpshooter shot and killed an attempted bank robber at the Bank of America building in Fort Myers' Bell Tower Shops complex.
Details >02/06/2024
Cybersecurity expert says the next generation of identity theft is here: 'Identity hijacking'
The Street
Deepfake technology — a synthetic representation of a person's likeness — is not new technology. Think Mark Hamill's de-aged return as a young Luke Skywalker in an episode of 'The Mandalorian' in 2019.
Details >02/06/2024
Real-Time Payments Get Boost From New Partnerships in US and Europe
PYMNTS
Real-time payments have continued their growth in 2024 so far, with several developments unfolding in various countries around the globe. Angola, for one, has taken its initial dive into the real-time payments space a step further.
Details >02/06/2024
Veterans: Guard against identity theft
FTC
Identity theft can happen in a lot of ways: a stolen wallet, a missing phone, or a hacked online account.
Details >02/06/2024
Man pleads guilty to using counterfeit checks to defraud Mississippi banks.
Magnolia State Live
A Mississippi man pleaded guilty today to conspiracy to commit bank fraud and aggravated identity theft.
Details >02/06/2024
Racine man, 65, arrested a day after allegedly robbing Kenosha bank
Kenosha News
Kenosha and Racine police arrested a man a day after he allegedly robbed a bank in the 4300 block of 52nd Street in Kenosha on Friday.
Details >02/06/2024
Preparing Cybersecurity for the Super Bowl
FORTRA
The 49ers and Kansas City Chiefs aren’t the only ones with a big game to play on February 11th; this year, cybercriminals and cyber defenders will be facing off behind the scenes in a Super Bowl-sized bout of their own.
Details >02/04/2024
Fla. Man Charged in SIM-Swapping Spree is Key Suspect in Hacker Groups Oktapus, Scattered Spider
Kreebs on Security
On Jan. 9, 2024, U.S. authorities arrested a 19-year-old Florida man charged with wire fraud, aggravated identity theft, and conspiring with others to use SIM-swapping to steal cryptocurrency.
Details >02/04/2024
Protecting yourself from ACH fraud
KJCT News 8
GRAND JUNCTION, Colo. (KJCT) - In the age of evolving financial fraud, it’s easy to overlook longstanding threats such as the Automated Clearing House.
Details >02/04/2024
FBI investigating Germantown cyber attack
WREG
MEMPHIS, Tenn. — The City of Germantown reported on social media Friday morning that the city government “is experiencing a malicious cybersecurity incident.”
Details >02/04/2024
Florida woman used stolen identity for 15 years, obtained nearly $40,000 worth of food stamps: DOJ
Fox 35 Orlando
KISSIMMEE, Fla. - A Kissimmee woman was sentenced to federal prison after stealing someone's identity shortly after she left Puerto Rico back in 2008, the Department of Justice said.
Details >02/04/2024
Florida woman used stolen identity for 15 years, obtained nearly $40,000 worth of food stamps: DOJ
Fox 35 Orlando
KISSIMMEE, Fla. - A Kissimmee woman was sentenced to federal prison after stealing someone's identity shortly after she left Puerto Rico back in 2008, the Department of Justice said.
Details >02/04/2024
Lurie Children’s Hospital network outages enter 5th day after cyber attack; call center available
Chicago WGN 9
CHICAGO — The Lurie Children’s Hospital network outages entered a fifth day Sunday following a cyber attack.
Details >02/04/2024
CLOROX ESTIMATES THE COSTS OF THE AUGUST CYBERATTACK WILL EXCEED $49 MILLION
Security Affairs
Cleaning products giant Clorox estimates the economic impact of the cyber attack that hit the company in August 2023 at $49 million.
Details >02/04/2024
Wisconsin bank fraud suspect sought to cash fake $2K check: sheriff
Fox 6
MARQUETTE COUNTY, Wis. - The Marquette County Sheriff's Office is looking for a man who they say tried to cash a fraudulent check on Jan. 25 – and may be in southeast Wisconsin.
Details >02/04/2024
Integris, St. Anthony patients hacked: more ID theft fraud alerts
The Norman Transcript
Last week, we looked at placing “fraud alerts” at various federal agencies, financial institutions, creditors, real estate concerns and public utilities. Those were the next steps to take after placing account “freezes” at all four major credit bureaus.
Details >01/29/2024
Using Google Search to Find Software Can Be Risky
Krebs on Security
Google continues to struggle with cybercriminals running malicious ads on its search platform to trick people into downloading booby-trapped copies of popular free software applications.
Details >01/29/2024
Beware of Scams that Hijack Cellphone Accounts: The Importance of Authentication for Businesses and Consumers
JD Supra
Consumers use cell phone numbers to authenticate their identities across a variety of accounts, such as those held with wireless providers, financial institutions, healthcare providers, and retail websites.
Details >01/29/2024
The Cold Reality of Authorized Push-Payment Fraud
Federal Reserve Bank of Atlanta
I started teaching payment rules, compliance, and risk management in 2007. Back then I used to describe credit-push payments as warm and fuzzy.
Details >01/29/2024
Man Jailed After AI Facial Recognition Wrongly ID’d Him As Robber: Lawsuit
Huffpost
A Texas grandfather said he was wrongfully accused of multiple armed robberies in a lawsuit filed against Macy’s and Sunglass Hut’s parent company last week.
Details >01/28/2024
Maryland woman loses $17K in SIM card swap scam despite two-factor authentication | I-Team
WJLA
WASHINGTON (7News) — 7News is asking a security question that deals with your cell phone. How did a Maryland woman lose $17,000 even though she had two-factor authentication on all her accounts?
Details >01/28/2024
Instant Impact: AI’s Role in Advancing Real-Time Payments
Real-Time Payments
Real-time payments are a boon to consumers and companies alike, but they are not without their hurdles.
Details >01/28/2024
US suffered cyberattacks from 168 threat actors in 2023
Security Magazine
Critical infrastructure attacks were analyzed in a recent report by Forescout Research. The report found more than 420 million attacks between January and December 2023. That is 13 attacks per second, a 30% increase from 2022
Details >01/28/2024
Man wanted in check fraud scheme arrested in Black River Falls
WXOW
BLACK RIVER FALLS, Wis. (WXOW) - A man wanted by authorities for setting up fraudulent bank accounts and cashing fake checks in Western Wisconsin is caught in Jackson County.
Details >01/28/2024
Nevada Gaming Control Board’s website compromised in cyber attack
Readwrite
The Nevada Gaming Control Board, the regulatory body overseeing the state’s gaming industry, has experienced a significant cyber attack, leading to the temporary shutdown of its public-facing website.
Details >01/28/2024
Wisconsin authorities send eerily similar warning after woman found using fake ID to cash fraudulent checks
We Are Greenbay
MONROE, Wis. (WFRV) – Authorities in Wisconsin are issuing a warning after yet another individual used fake identification to open a bank account and cash fraudulent checks totaling over $11,000.
Details >01/28/2024
84-year-old scammed out of $707,000 in cashier's checks, gold bars
WISN
WAUKESHA, Wis. — A man has been charged after an 84-year-old woman reported fraud of $707,309 in cashier's checks and gold bars.
Details >01/26/2024
Card skimmer found at local ATM
The Local Reporter
A bank service technician discovered a card skimmer during routine maintenance on Tuesday, Jan. 23. The card skimmer was disguised as part of a Bank of America ATM at Chatham Crossing shopping center, 11312 US15-501 N, Chapel Hill.
Details >01/26/2024
Police: Bridgeport man waiting to open a bank account robbed another customer
CT Post
BRIDGEPORT — Kareem Rowe was waiting to open an account at a Main Street bank Sept. 28 when he robbed another customer and fled with more than $9,000, according to police.
Details >01/26/2024
Elderly Walker County man strangled, beaten during theft of $2,000; daughter, son-in-law charged
Al
A Walker County couple is under arrest on charges they beat and strangled a 76-year-old man.
Details >01/26/2024
Cedar Rapids Bank Robbery Suspect Arrested in New Orleans
WHO Newsradio 1040
(Cedar Rapids, IA) -- A suspect in a Cedar Rapids bank robbery is in custody.
Details >01/26/2024
Identity Theft Awareness Week 2024 starts January 29
FTC
You’ve probably heard about identity theft, but have you heard about Identity Theft Awareness week?
Details >01/26/2024
Who is Alleged Medibank Hacker Aleksandr Ermakov?
Krebs on Security
Authorities in Australia, the United Kingdom and the United States this week levied financial sanctions against a Russian man accused of stealing data on nearly 10 million customers of the Australian health insurance giant Medibank. 33-year-old Aleksandr Ermakov allegedly stole and leaked the Medibank data while working with one of Russia’s most destructive ransomware groups, but little more is shared about the accused.
Details >01/25/2024
U.S. Attorney O’Shea: U.S. Attorney’s office collects more than $7.5 million in civil and criminal actions in fiscal year 2023
WI Politics
MADISON, WIS. – U.S. Attorney Timothy M. O’Shea announced today that the Western District of Wisconsin collected $7,596,171.74 in criminal and civil actions in Fiscal Year 2023. Of this amount, $5,862,991.16 was collected in criminal actions and $1,733,180.58 was collected in civil actions.
Details >01/25/2024
Venmo and other payment app theft is ‘skyrocketing,’ Manhattan DA warns
CNN
Venmo, Cash App, PayPal, Zelle and other payment apps may be convenient ways to send cash with a few taps of your smartphone, but they’re a breeding grounds for theft, Manhattan District Attorney Alvin Bragg tells CNN.
Details >01/25/2024
FINRA Issues 2024 Annual Regulatory Oversight Report
JD Supra
FINRA issued its 2024 Annual Regulatory Oversight Report on January 9, 2024, providing a glimpse into FINRA’s current regulatory oversight of member firms and their registered personnel in 27 topic areas.
Details >01/25/2024
LOOK OUT Walmart self-checkout warning after concerning device stealing shoppers’ info found attached to kiosks in stores
The U.S. Sun
DETECTIVES from various Northeast Ohio communities are currently conducting investigations into instances of credit card skimmers. Many of these are being discovered on cash registers at Walmart stores in the region.
Details >01/25/2024
One charged in ATM skimming investigation in Cedar Falls
The Courier
CEDAR FALLS — One person has been charged after bank officials found a skimming device at a Cedar Falls ATM in November.
Details >01/25/2024
Police: Colorado Springs bank robbery suspects arrested after getaway car leaves them behind
11 News
COLORADO SPRINGS, Colo. (KKTV) - A teenager and a second suspect are in custody after police say they caught them red-handed trying to rob a Colorado Springs bank.
Details >01/25/2024
Colorado Springs Police arrest two suspects in attempted bank robbery
KRDO
COLORADO SPRINGS, Colo. (KRDO) - The Colorado Springs Police Department (CSPD) is responding to the Key Bank on North Academy.
Details >01/25/2024
Elderly woman robbed while leaving bank in Joelton
WSMV NBC 4
JOELTON, Tenn. (WSMV) - Police are investigating a robbery outside of a bank involving a 91-year-old woman on Tuesday afternoon in Joelton.
Details >01/25/2024
Suspect uses fake ID to cash fraudulent checks totaling over $15K in Wisconsin
We Are Greenbay
MENOMONIE, Wis. (WFRV) – Officials in Dunn County are sending out a warning statewide after a suspect used fake identification to open accounts at several banks and cashed fake checks totaling over $15,000.
Details >01/25/2024
ATM card skimmer suspect caught on camera in Douglas County
KDVR
DENVER (KDVR) — Law enforcement is warning people to be on the lookout after a man was caught on camera trying to install ATM skimmers at a local bank in Douglas County.
Details >01/25/2024
Mother and son plead guilty in fraud scheme of nearly $3.5 million
41 NBC WMGT
A mother and son pleaded guilty Tuesday to fraud after being caught illegally writing checks from their employer's account.
Details >01/25/2024
Man sentenced to federal prison for fraud scheme in southern Iowa
Radio Iowa
A Dallas, Texas resident who is a Nigerian national will spend 87 months in federal prison on wire fraud charges involving Iowa businesses.
Details >01/25/2024
Payment Fraud Attempts on U.S. Businesses Spiked 71% in 2023, According to New Trustpair Research
Business Wire
NEW YORK--(BUSINESS WIRE)--Ninety-six percent of U.S. companies were targeted with at least one fraud attempt in the past year. Ninety percent of those companies were hit with at least one successful attack, according to a new research survey of more than 260 senior finance and treasury leaders.
Details >01/24/2024
Tapping Into the Future of Payments
PYMNTS
Cash is fast losing its supremacy. Amid the ongoing global rise of digital culture, young consumers are increasingly opting for digital wallets and other payment alternatives, compelling businesses to pivot toward contactless and digital payment methods — and reckon with the digital-forward ethos driving their popularity.
Details >01/23/2024
FraudGPT and WormGPT, the evil versions of ChatGPT that terrify cybersecurity experts
https://www.gearrice.com/
Artificial intelligence continues to surprise the world with its powerful capabilities and the multiple applications it offers, especially through the support of generative and conversational AI.
Details >01/23/2024
Venmo and other payment app theft is ‘skyrocketing,’ Manhattan DA warns
CNN
Venmo, Cash App, PayPal, Zelle and other payment apps may be convenient ways to send cash with a few taps of your smartphone, but they’re a breeding grounds for theft, Manhattan District Attorney Alvin Bragg tells CNN.
Details >01/23/2024
U.S. Attorney’s Office Collects Over $4.5 Million in Restitution for Victims, Criminal Fines, and Other Penalties in Fiscal Year 2023
United States Attorney's Office District of Idaho
BOISE – U.S. Attorney Josh Hurwit announced today that the office’s Financial Litigation Program, which is part of the Asset Recovery Division, collected over $3.5 million in criminal monetary penalties, which includes restitution, fines, and assessments, and in civil debts for the fiscal year that ended September 30, 2023.
Details >01/22/2024
Colorado pastor faces fraud charges after targeting congregation in alleged $3.2 million cryptocurrency scheme
9 News
A Denver pastor and his wife are accused of creating and marketing "worthless" cryptocurrency, according to the Colorado Securities Commission.
Details >01/20/2024
VF Corp Says Data Breach Resulting From Ransomware Attack Impacts 35 Million
Security Week
In mid-December, the Denver, Colorado-based company, which owns brands such as Dickies, The North Face, Smartwool, Timberland, and Vans, announced that it took certain systems offline in response to a ransomware attack that impacted its operations.
Details >01/20/2024
Feds: Former Anchorage mail carrier looted mail to cash fraudulent checks for himself
Alaska's News Source
ANCHORAGE, Alaska (KTUU) - A former Anchorage USPS mail carrier could spend several decades behind bars after being charged with federal fraud and theft offenses.
Details >01/19/2024
Ask Asa: How to avoid the PayPal transaction scam
WJCL
SAVANNAH, Ga. — If I ask someone what they were thinking when they clicked on an unsolicited text or email, they'll usually concede, "I wasn't thinking anything."
Details >01/19/2024
Victorian courts reveal cyber-attack targeted files dating back as far as 2016
The Guardian
The cyber-attack that hit Victoria’s court system last year was worse than officials first thought, with hackers accessing years’ worth of recorded hearings from as far back as 2016.
Details >01/19/2024
Innefu Labs Data Breach: Indian Cybersecurity Firm Falls Victim to Cyberattack
The Cyber Express
The threat actor has encouraged potential buyers to contact privately for proofs and more details, a standard practice in such underground forums.
Details >01/19/2024
‘It’s a crime. It was fraud’: Woman is out $10,000 after Chase Bank refuses to investigate check scam
WSFA 12
MESA, Ariz. (3TV/CBS 5/Gray News) — A woman in Arizona was the victim of a very sophisticated check-cashing scam.
Details >01/19/2024
Canadian Man Stuck in Triangle of E-Commerce Fraud
Krebs on Security
A Canadian man who says he’s been falsely charged with orchestrating a complex e-commerce scam is seeking to clear his name.
Details >01/19/2024
Fiserv seeks special purpose bank charter
Payments Dive
The designation would allow the payment processor to own transactions from end-to-end, removing the need for a bank partner.
Details >01/19/2024
Stablecoins Gain Ground With Fraudsters Looking to Move Beyond Bitcoin
PYMNTS
Stablecoins have held the promise of serving as a link between the cryptocurrency realm and traditional financial services.
Details >01/19/2024
FedNow draws some banks, as others lag
Payments Dive
The Federal Reserve is building up bank participation in FedNow, but some big financial institutions remain on the sidelines.
Details >01/19/2024
Did someone tell you to move or transfer your money? It could be a scam
FTC
Many impersonation schemes start with a call about a routine problem, like suspicious activity in your Amazon account.
Details >01/19/2024
Alabama Man Charged: Grandparents’ Exploitation and Infant Abuse Allegations Arise
BNN Breaking
Alec Dvorak, a 28-year-old resident of Baldwin County, Alabama, is facing a litany of charges, including financial exploitation of the elderly, elderly abuse/neglect, and child abuse.
Details >01/19/2024
Fraud Reimbursement Costs Are Likely to Rise for UK Banks Push Payments/Faster
FitchRatings
Fitch Ratings-London-18 January 2024: UK banks are likely to face higher fraud costs due to new legally binding rules from October 2024 that will require them to reimburse customers who fall victim to fraudulent payment scams, Fitch Ratings says.
Details >01/18/2024
JPMorgan Chase fights off 45 billion hacking attempts each day
CNN Business
New York CNN — JPMorgan Chase now fights off about 45 billion attempts a day by hackers to infiltrate its systems.
Details >01/18/2024
Biometrics could be a fix for the growing headache of synthetic ID fraud
Biometric Update
Biometrics and digital ID firms are responding to a significant uptick in synthetic identity fraud, which uses generative AI and a combination of stolen and falsified information to create a potent attack vector. As the problem grows, more emphasis will fall on biometric liveness detection.
Details >01/18/2024
Bank robber stalks teller on social media, threatens to kill teller's family
News 4 San Antonio
AMARILLO, Texas (KVII) — A bank robber stalked a teller on social media before the robbery and threatened to kill the teller's family.
Details >01/18/2024
FBI advising El Pasoans to beware of “check cooking” scams
KVIA ABC 7
EL PASO, Texas (KVIA) -- According to the FBI, scammers are taking advantage of technological innovations and fine tuning their methods to be more successful in manipulating unsuspecting victims.
Details >01/18/2024
BG City School District reportedly falls victim to fraudulent cashing of checks
BG Independent News
Bowling Green Police Division is investigating check fraud reported by Bowling Green City School District Treasurer Cathy Schuller.
Details >01/18/2024
Bravo’s Andy Cohen reveals red flags he missed as scammers duped him, stole his money
Detroit Free Press
One can hear about a long list of too-trusting Grandmas, job-hunters hit by scams, widows hurt when looking for love, and so many others who sadly lost big money to crafty cyber predators.
Details >01/18/2024
Arizona auditors found $1.8 million in fraud and theft in 2023
AZ Mirror
State audits uncovered more than $1.8 million in theft and fraud in 2023 and led to nearly three dozen criminal charges.
Details >01/18/2024
Adobe on How Effective Fraud Protection Increases Conversion
PYMNTS
Choosing between fast and secure payments is no longer a question.
Details >01/18/2024
Coinbase Argues Token Buyers Don’t Acquire Any Rights
PYMNTS
In a Wednesday (Jan. 17) court hearing, cryptocurrency exchange Coinbase Global made a comparison between buying cryptocurrency and collecting Beanie Babies.
Details >01/18/2024
When It Comes to Customer Experiences, When AI Speaks, Businesses Listen
PYMNTS
To paraphrase author and customer relationship pioneer Martha Rogers, your customers are the most valuable asset your company has. Without them, you don’t have a business. You have a hobby.
Details >01/17/2024
Treasury and IRS announce that businesses do not have to report certain transactions involving digital assets until regulations are issued
IRS
WASHINGTON — The Treasury Department and Internal Revenue Service today issued an announcement informing businesses that they do not have to report the receipt of digital assets the same way as they must report the receipt of cash until Treasury and IRS issue regulations.
Details >01/17/2024
Big Lake Woman Pleads Guilty to Wire Fraud in $250 Million Feeding Our Future Fraud Scheme
United States Attorney's Office District of Minnesota
MINNEAPOLIS – A Big Lake woman has pleaded guilty to her role in the $250 million fraud scheme that exploited a federally-funded child nutrition program during the COVID-19 pandemic, announced United States Attorney Andrew M. Luger.
Details >01/17/2024
E-Crime Rapper ‘Punchmade Dev’ Debuts Card Shop
Krebs on Security
The rapper and social media personality Punchmade Dev is perhaps best known for his flashy videos singing the praises of a cybercrime lifestyle.
Details >01/16/2024
GitLab Fixes Password Reset Bug That Allows Account Takeover
Security Boulevard
GitLab is releasing a patch to fix a vulnerability in its email verification process that bad actors can exploit to reset user passwords and take over accounts.
Details >01/16/2024
Man robbing people at gunpoint on Chicago's North Side, transferring money from victims' bank apps
Yahoo News
CHICAGO - Chicago police are warning residents on the North Side about a string of armed robberies in the area.
Details >01/16/2024
FBI warns of sophisticated 'check cooking' scam for easy, undetected theft
NBC Montana
EL PASO, Texas (KFOX) — According to the FBI El Paso Field Office, scammers are becoming ever more tech-savvy as they fine-tune their methods to successfully manipulate unsuspecting victims.
Details >01/16/2024
Former New Bedford Man Pleads Guilty to Wire Fraud and Money Laundering Arising From "Romance Scam"
United States Attorney's Office District of Massachusetts
BOSTON – A former New Bedford man pleaded guilty today to wire fraud and money laundering charges involving funds obtained from “romance scam” victims.
Details >01/16/2024
Critical flaw found in WordPress plugin used on over 300,000 websites
FORTRA
A WordPress plugin used on over 300,000 websites has been found to contain vulnerabilities that could allow hackers to seize control.
Details >01/16/2024
Utah funds ZeroEyes AI-based gun detection, AEGIX Incident Management across all 1,086 public K-12 schools
Security Info Watch
PHILADELPHIA and SALT LAKE CITY, January 16, 2024 -- ZeroEyes, the creators of the only AI-based gun detection video analytics platform that holds the US Department of Homeland Security SAFETY Act Designation, and AEGIX Global, a Utah-based provider of critical incident management services, today announced that the Utah State Board of Education has approved a contract to provide the joint solution for all Utah public K-12 schools, including charter schools.
Details >01/16/2024
Cybersecurity Researcher Finds School Shooting Emergency Plans Exposed Online
Campus Safety
More than 4 million records that included emergency planning and security documents from U.S. schools were recently discovered by an ethical cybersecurity researcher.
Details >01/16/2024
Beware of new CFPB imposter scams
CFPB
This week, we confirmed that scammers are using CFPB employees’ names to try to defraud members of the public. We’ve heard from people, specifically older adults, who received phone or video calls.
Details >01/15/2024
Scammer pleads guilty to $24M real estate Ponzi scheme in California
The Real Deal
A California man pleaded guilty last week to crimes related to a $24 million real estate Ponzi scheme that spanned almost two decades.
Details >01/15/2024
What is Identity Threat Detection and Response?
Security Boulevard
Identity Threat Detection and Response (ITDR) remains crucial for preventing unauthorized access and mitigating security breaches
Details >01/15/2024
FinCEN report on identity fraud in 2021 outlines statistics and processes
JD Supra
On January 9, FinCEN published a report titled “Identity-Related Suspicious Activity: 2021 Threats and Trends” which focuses on patterns in reported Bank Secrecy Act (BSA) data linked to suspicious activity from 2021.
Details >01/14/2024
5 Big Changes Coming to the Post Office in 2024
AARP
Through snow, rain, heat and gloom of night, the U.S. Postal Service has delivered mail to Americans for nearly 250 years. That core task remains the same, but that doesn’t mean everything stays the same in 2024.
Details >01/12/2024
North Carolina County Still Guarding Cyber Attack Details
Government Technology
The Scotland County Board of Commissioners is staying tightlipped about the details surrounding a Dec. 18 cyber incident that cybersecurity officials are still working to get under control.
Details >01/12/2024
Cyberattacks are having fatal consequences, so the White House wants hospital funding tied to hospital security
Tech Radar
The Biden administration is looking to introduce a policy that will require US hospitals to meet a certain level of digital security, including multi-factor authentication, in order to secure federal funding.
Details >01/12/2024
'It weighs on my mind': Liberty Hospital cybersecurity incident shines light on cybersecurity in hospitals
41 KSHB Kansas City
KANSAS CITY, Mo. — Healthcare system entities are cybersecurity targets.
Details >01/12/2024
Man pleads guilty to racketeering charge for role in downtown Minneapolis cell phone ring
KSTP 5 Minneapolis, MN
Another member of what authorities have called a cellphone theft ring that operated in downtown Minneapolis had entered a guilty plea to a racketeering charge.
Details >01/10/2024
Real-Time Payments Put Spotlight on Small Businesses as New Year Begins
PYMNTS
As the new year begins, the global demand for faster, streamlined transactions continues to fuel the expansion of real-time payments worldwide.
Details >01/10/2024
Visa Wants to Eliminate Friendly Fraud Without Alienating Honest Consumers
PYMNTS
Friendly fraud is a bit of a misnomer; first-party card misuse would be more accurate.
Details >01/10/2024
Navigating the risks of ACH payment fraud: Strategies for business safety
Fintech Global
Automated Clearing House (ACH) payments are a staple in modern financial transactions, offering a quick and efficient means for businesses and consumers to move money between different financial institutions.
Details >01/10/2024
Green Bay Check Forger Faces 72 Years in Prison
Seehafernews.com
A Green Bay woman is facing 72 years in prison after being arrested on thirteen charges after a string of checks were proven to be forged.
Details >01/10/2024
Man robbed after withdrawing $40,000 from bank at Public Square
News 5 Cleveland
The Cleveland Division of Police is investigating after a man went to Dollar Bank near Public Square and withdrew $40,000 in cash only to be robbed at gunpoint by three men waiting for him when he exited the building.
Details >01/10/2024
Here's some Bitcoin: Oh, and You've Been Served
Krebs on Security
A California man who lost $100,000 in a 2021 SIM-swapping attack is suing the unknown holder of a cryptocurrency wallet that harbors his stolen funds.
Details >01/09/2024
When Fraud Hits Again and Again
AARP Fraud Watch
This is a great article about scams.
Details >01/08/2024
Larger FIs More Likely to Use AI and ML to Fight Financial Crime
PYMNTS
Financial institutions (FIs) are increasingly recognizing the importance of fraud-fighting technologies as they confront more sophisticated fraud and financial crimes.
Details >01/08/2024
Predictive Intelligence: A Game-Changer in Mitigating Fraud Attacks on Payments
Payments Journal
The surge of faster payments systems has inadvertently paved the way for a surge in fraudulent attacks. With new technology and faster payments coming to the forefront, fraudsters are tapping into vulnerabilities found within these schemes.
Details >01/07/2024
4 Sure Ways To Shut Down Robocall Theft And Fraud
Forbes
If I had to make a confident prediction for 2024, I wouldn’t say a word about the markets or inflation. I would be pretty sure that there will be more robocall scams.
Details >01/07/2024
CoinsPaid Suffers $7.5M Crypto Theft in Second Cyber Attack
The Crypto Times
CoinsPaid faces its second breach, losing $7.5 million in crypto after a $37.3 million hack in July 2023.
Details >01/07/2024
British Library ransomware cyber attack ‘set to cost £7million’
The Standard
The British Library may have to spend £7million of its reserves to recover from a crippling cyber attack, according to reports.
Details >01/07/2024
The grandparent scam hasn’t gone away. But now more young people are being duped by fraudsters, expert says.
Daily Herald
From his office in Rosemont, Ray Olsen oversees fraud prevention and detection for Wintrust Financial Corp.’s network of 15 community banks, where much of his staff’s attention traditionally has been devoted to combating financial exploitation of older customers.
Details >01/04/2024
Trends 2024: Banks Must Ramp Up Protections as Mobile Fraud Grows
The Financial Brand
Cheat sheet: As banking customers – and younger customers in particular – embrace mobile banking as their channel of choice, the security of that channel is of paramount importance.
Details >01/04/2024
10 Most Common Types Of Cyber Attacks In 2023
GBHackers on Security
Cyber attacks are evolving rapidly with advancements in technology, as threat actors exploit new vulnerabilities in:-
Details >01/04/2024
Google password resets not enough to stop these info-stealing malware strains
The Register
Security researchers say info-stealing malware can still access victims' compromised Google accounts even after passwords have been changed.
Details >01/04/2024
Xerox Confirms Data Breach at US Subsidiary Following Ransomware Attack
Security Week
The incident, the company says, was limited to Xerox Business Solutions US and was contained by its cybersecurity team.
Details >01/02/2024
Social Security numbers of some Xfinity customers vulnerable in latest data breach: What to know
The Hill
CHICOPEE, Mass. (WWLP) — A major data breach on Comcast-owned Xfinity has affected more than 35 million customers.
Details >01/02/2024
Brooklyn Park Man Pleads Guilty to $2.3M Romance Fraud Scheme
United States Attorney's Office District of Minnesota
ST PAUL, Minn. – A Brooklyn Park man has pleaded guilty to facilitating a national romance fraud scheme, announced U.S. Attorney Andrew M. Luger.
Details >01/02/2024
BBB Scam Alert: ‘Tis the season to donate, and scammers are taking advantage
Rural Radio
With so many purchases during the holiday season, it can be easy to miss a fraudulent credit card charge or two – especially if it appears to be from a charity. Keep a close eye on your credit card statement this time of year.
Details >01/02/2024
Biometrics in 2023: Reshaping Authentication, Igniting Debates and Driving Innovation
PYMNTS
In a digital landscape increasingly defined by the surge of online and mobile shopping, consumer demand for flexible, secure and convenient ways to authenticate transactions is at an all-time high.
Details >01/02/2024
FTC Warns Against QR Code Scams: A Gateway to Identity Theft
BNN
QR codes, those familiar black and white squares that have become ubiquitous in our daily lives, are under scrutiny by the Federal Trade Commission (FTC).
Details >01/02/2024
The Impact of AI-Generated Synthetic Fraud on Finance
ABA Banking Journal
Fake people are having a major impact on our real world. AI technology has empowered even the most elementary of fraudsters with sophisticated tools that allow them to piecemeal real-looking identities, creating havoc for businesses across all verticals.
Details >12/29/2023
ATM skimming device found at Lake Forest Bank of America
ABC 7 Eyewitness News - Chicago
LAKE FOREST, Ill. (WLS) -- A skimming device was found at a Bank of America ATM in Lake Forest, police said.
Details >12/29/2023
2 men arrested in Fairfax Co. for ‘fraud ring’ involving altered gift cards
WTOP News
Two men were arrested and charged for altering gift cards at two Target stores in Virginia as part of a “complex fraud ring,” according to Fairfax County police.
Details >12/28/2023
Resident nearly loses $30K in alleged check-washing case
Fox 29 WFLX
After months of covering a series of checking washing cases allegedly tied to a Boynton Beach post office, WPTV is learning of a new case.
Details >12/27/2023
Job scams targeting college students are getting personal
FTC
If you’ll be seeing college-age relatives over the holidays, warn them about a variation on the “job interview” scam that students looking for summer or permanent employment have reported to us.
Details >12/27/2023
3 Ways to Recover Your Savings After Identity Theft
The Ascent A Motley Fool Service
Identity theft is an increasingly common crime, but that doesn't make it any less upsetting.
Details >12/26/2023
Why passkeys will replace password
Fintech Nexus
While more people are shopping online, they are increasingly concerned about their digital security. Might passkeys be the answer? Quintin Stephen believes they will help.
Details >12/26/2023
Minnesota man pleads guilty in $2.3M romance fraud scheme targeting mostly elderly victims
Fox 9 KMSP
ST. PAUL, Minn. (FOX 9) - A Brooklyn Park man pleaded guilty on Wednesday to his role in a national romance fraud scheme targeting mostly elderly people.
Details >12/26/2023
BBB Tip: The naughty list — BBB’s 12 scams of Christmas
OA Online
With 2023 quickly winding down, Better Business Bureau has compiled our naughty list of the top 12 scams of Christmas
Details >12/26/2023
5 Things to Watch in Courts and on Capitol Hill that Will Impact Payments in 2024
PYMNTS
December’s on the way out.
Details >12/26/2023
Reshaping the Future: Why Gen AI’s Creative Power Calls for Strategic Oversight
PYMNTS
With the widespread emergence of OpenAI’s large language model-based ChatGPT platform in late 2022, a considerable amount of public attention and private capital have been showered on generative artificial intelligence over the past year.
Details >12/26/2023
What 17 Payments Experts Expect From Instant Payments in 2024 and Beyond
PYMNTS
2023 stands out as a banner year for instant payments.
Details >12/26/2023
Interagency Statement for Banks on the Issuance of the Beneficial Ownership Information Access Rule
FDIC
The Federal Deposit Insurance Corporation, the Board of Governors of the Federal Reserve System, the National Credit Union Administration, the Office of the Comptroller of the Currency, State bank and credit union regulators, and the Financial Crimes Enforcement Network (FinCEN) are issuing an interagency statement for banks regarding the beneficial ownership information Access Rule.
Details >12/26/2023
Hang up on PCH impersonators
FTC
Have you gotten a call about a prize for a contest you never entered?
Details >12/21/2023
Anti-Fraud Measures Need to Work at the Speed of Instant Payments
PYMNTS
The financial landscape is constantly in flux — and now it’s getting a little faster.
Details >12/21/2023
QR code attacks probably aren’t coming for your scan-to-order menus
Engadget
QR code-based phishing attacks appear to be on the rise. For this “new” hacking vector, someone gets a phishing email asking them to scan a QR code, that code redirects to a malicious link (usually to steal credentials) and an account takeover occurs.
Details >12/21/2023
Personal information compromised after data breach at major mortgage company
Yahoo News
Channel 11 has learned that 14.7 million homeowners are impacted by the Mr. Cooper data breach. It impacts those who currently use the mortgage company as well as former customers.
Details >12/21/2023
After-Incident Reports Turn Cyber Breaches Into Blueprints for Future Security
PYMNTS
In today’s digitized and hyper-fast world, cyberattacks and the threat of security breaches abound.
Details >12/21/2023
Those iconic blue mail collection boxes are getting a high-tech makeover
AOL News
The U.S. Postal Service is cracking down on mail theft this holiday season and beyond by installing 12,000 advanced security blue collection boxes in high-risk areas around the country.
Details >12/21/2023
Roseville MN police arrest 5 following ATM theft, standoff
KSTP 5 Minneapolis, MN
Roseville police say an ATM theft at Great Southern Bank led to an hours-long standoff in the city early Tuesday morning and ended with five people being taken into custody.
Details >12/21/2023
Keep your money safe from gift card scammers this holiday season. Here’s how
FTC
What’s one way to keep your money safe from scammers during the holidays? If you’re in the check-out line buying gift cards, make sure they’re for gifts.
Details >12/20/2023
COMMENTARY: Payments Fraud Is Unrelenting. So Are the Hidden Battles Against It
Digital Transactions
The digital revolution in payments, characterized by a surge in online transactions and the emergence of novel payment technologies, has been a double-edged sword.
Details >12/20/2023
West Allis man charged with defrauding over $50,000 from Educators Credit Union in scheme
Milwaukee Journal Sentinel
A 26-year-old West Allis man is facing serious charges after being accused of defrauding Educators Credit Union out of more than $53,000.
Details >12/20/2023
Why Instant Payments Will Go Viral With Each New ‘Aha’ Moment
PYMNTS
Jon Budd, CEO of Juniper Payments, a PSCU company, said instant payments, over the long term, will see a blossoming of use cases and demand from financial institutions’ corporate and consumer clients.
Details >12/18/2023
Holiday shoppers warned of disturbing gift card scam likely padding Chinese bank accounts
Fox News
The Sacramento County Sheriff’s Office is warning the public of a disturbing and "very sophisticated" gift card scam that has national and international implications.
Details >12/18/2023
Visa’s Provisioning Intelligence Service Wages War Against $450 Million in Token Fraud
PYMNTS
The value of tokenization — where sensitive information is replaced by unique algorithmically generated numbers and letters — has gained wide acknowledgement in commerce.
Details >12/18/2023
‘Bank jugging’ strikes Virginia Beach VA, Wells Fargo
News Nation Now
VIRGINIA BEACH, Va. (WAVY) — The nationwide criminal trend of bank jugging has hit home.
Details >12/18/2023
This is how to protect your credit and bank cards from getting hacked
Fox News
The holiday season is a time of joy and generosity, but also a time of increased risk for your credit and bank cards.
Details >12/18/2023
DOJ Announces Crackdown on Networks That Steal Money from Consumer Accounts and Use Fraudulent “Microtransactions” to Hide the Activity from Banks – Includes a South Lake Tahoe Man and a Poway CA
goldrushcam.com
December 16, 2023 - The Justice Department announced on Friday a collection of cases against fraud networks that steal money from consumers and use deceptive tactics to conceal illicit activity from financial institutions, thereby allowing that illicit activity to continue.
Details >12/18/2023
Consumers Experience Fraud Attempts via Phone Calls Multiple Times Per Week – Research Report
Crowdfund Insider
“Who’s calling now?” has become a “ubiquitous” question and a “sign of the times” for mobile users as fraud and spammers repeatedly target consumers through their phones.
Details >12/15/2023
Ten Years Later, New Clues in the Target Breach
Krebs on Security
On Dec. 18, 2013, KrebsOnSecurity broke the news that U.S. retail giant Target was battling a wide-ranging computer intrusion that compromised more than 40 million customer payment cards over the previous month.
Details >12/14/2023
Real-Time Payments Set to Replace Checks, ACH in the Manufacturing Industry
PYMNTS
The manufacturing industry is on the verge of a major transformation in payment practices, PYMNTS Intelligence revealed.
Details >12/14/2023
CRIME 5 arrested following overnight ATM robbery in Roseville
CBS News Minneapolis
ROSEVILLE, Minn. — Five people were arrested early Tuesday morning after they allegedly stole from an ATM in a Roseville bank.
Details >12/12/2023
Face-Scanning Technology Becomes Focus of EU’s AI Act Negotiations
PYMNTS
European Union (EU) negotiators are reportedly engaged in discussions to establish the most comprehensive regulation of artificial intelligence (AI) in the western world.
Details >12/11/2023
How to spot the latest job scams
FTC
Scams can be hard to spot because they often look just like the real thing. That includes job scams. They crop up on real job sites, including places like LinkedIn.
Details >12/11/2023
Minnesota Attorney General charges 3 in $11M Medicaid fraud case
Fox 9 KMSP
MINNEAPOLIS (FOX 9) - Three people were charged on Thursday in an alleged scheme to defraud Minnesota’s Medicaid program, according to Minnesota Attorney General Keith Ellison.
Details >12/11/2023
Victim turned victimizer: Prison for Minnesota woman whose pandemic aid and romance schemes snared $1.8M
Star Tribune
A Minnesota woman is going to prison for her role in a global fraud scheme that first duped her and then scammed others around the country out of more than $1.8 million through romance fraud schemes and pandemic aid programs.
Details >12/10/2023
Can Someone Hack a Zelle Account With a Phone Number?
The Stock Dork
In today’s technologically advanced world, the convenience of online banking and transactions has become an integral part of our lives.
Details >12/10/2023
Charges filed in New Orleans against man recruited to play out fake ID bank fraud scheme
Nola.com
Federal authorities in New Orleans have filed criminal charges against a formerly homeless man who told investigators he was recruited to carry out a multistate financial fraud.
Details >12/10/2023
How “pig butchering” scams have emerged as a billion-dollar crypto industry
Thomson Reuters
Regulators are finding more evidence of widespread "pig butchering" scams in the crypto industry that are leaving a trail of fleeced victims behind
Details >12/08/2023
Member of 'Clear Gods' group pleads guilty in $28M cellphone upgrade fraud scheme
Detroit Free Press
He was part of a group that federal prosecutors said dubbed itself the "Clear Gods."
Details >12/08/2023
OCC Says Use of AI in Banking Is Emerging Risk
PYMNTS
The federal banking system remains sound but faces credit, market, operational and compliance risks, according to the Office of the Comptroller of the Currency (OCC).
Details >12/08/2023
Venmo No Longer Accepted on Amazon in January
PYMNTS
Amazon is set to stop taking payments via PayPal-owned Venmo in the coming weeks.
Details >12/08/2023
BlackSuit ransomware - what you need to know
Tripwire
A cybercriminal group calling itself BlackSuit has claimed responsibility for a series of ransomware attacks, including breaches at schools in central Georgia.
Details >12/07/2023
What are the Cyber Attacks on IoT Devices?
Global Cyber Security Association
In today’s interconnected world, the Internet of Things (IoT) has become an integral part of our daily lives
Details >12/07/2023
QR Code Phishing –What Is It?
Tripwire
Phishing is a longstanding danger of the digital world that most people are aware of. Whether it happens via email, text message, social media, or any other means, phishing presents a risk to all users.
Details >12/06/2023
ICANN Launches Service to Help With WHOIS Lookups
Krebs on Security
More than five years after domain name registrars started redacting personal data from all public domain registration records, the non-profit organization overseeing the domain industry has introduced a centralized online service designed to make it easier for researchers, law enforcement and others to request the information directly from registrars.
Details >12/06/2023
10 Essential Cybersecurity Tips For Your Organization This Holiday Season
Tripwire
The holiday season is just around the corner; a time of joy and celebration. However, threat actors anticipate this joyous season as much as it is by many festive revelers.
Details >12/05/2023
Mobile payment fraud increased in 2023
Security Magazine
According to a recent report from BioCatch, mobile banking rates increased to 73% in 2023. This rise has also led to a surge in fraud executed from mobile devices, rising from 47% in 2022 to 61% in 2023.
Details >12/05/2023
Mobile Emulators Eclipse Bots in 2023 as Preferred Fraud Vector in North America
Cision PR Newswire
NEW YORK, Dec. 4, 2023 /PRNewswire/ -- BioCatch, the global leader in digital fraud and money laundering detection and response powered by behavioral biometric intelligence, today unveiled its 2023 Digital Banking Fraud Trends in North America report.
Details >12/05/2023
Most Americans think they can spot a scam, but Citi study reveals otherwise
Investment News
Being aware of the potential of financial scams is an essential life skill these days but being overconfident leaves millions of American adults vulnerable to fraud or identity theft.
Details >12/05/2023
5 Steps To Protect Your Digital Identity During The Holidays
Forbes
Data breaches involving individuals, governments, and businesses are on the rise.
Details >12/05/2023
FinCEN Alert on COVID-19 Employee Retention Credit Fraud
FinCEN
WASHINGTON—Today, the Financial Crimes Enforcement Network (FinCEN), in close coordination with the Internal Revenue Service Criminal Investigation (CI), issued an alert to financial institutions on fraud schemes related to the COVID-19 Employee Retention Credit (ERC).
Details >12/04/2023
Order and share FREE fotonovelas to help your community avoid scams
FTC
Talking about scams is one of the best ways to protect yourself, your loved ones, and your community against scammers. You don’t have to be an expert, especially with tools to help get the conversation started.
Details >12/04/2023
CFPB Orders Bank of America to Pay $12 Million for Reporting False Mortgage Data
CFPB
WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) today ordered Bank of America to pay a $12 million penalty for submitting false mortgage lending information to the federal government under a long-standing federal law.
Details >12/04/2023
Amazon’s One palm biometrics readers for businesses get a lukewarm introduction
Biometric Update
A contactless palm biometric service from Amazon reportedly is being adopted by a few organizations, one of which is an Amazon unit.
Details >12/04/2023
Five Months in, FedNow Is ‘Doing What It Was Planned to Do’
PYMNTS
Five months since the FedNow® Service launched, Miriam Sheril, head of product, U.S. at Form3, told PYMNTS, there are some encouraging signs.
Details >12/04/2023
Nearly 40% of Millennials Want More Visible Security Measures for Routine Transactions
PYMNTS
In today’s digital age, security is a top concern for consumers, especially when it comes to financial transactions, regardless of their frequency — be it routine or sporadic.
Details >12/04/2023
Okta: Breach Affected All Customer Support Users
Krebs on Security
When KrebsOnSecurity broke the news on Oct. 20, 2023 that identity and authentication giant Okta had suffered a breach in its customer support department, Okta said the intrusion allowed hackers to steal sensitive data from fewer than one percent of its 18,000+ customers. But today, Okta revised that impact statement, saying the attackers also stole the name and email address for nearly all of its customer support users.
Details >12/04/2023
Coon Rapids Man Sentenced to Prison for $1.3M Romance Fraud Scheme that Targeted Elderly Victims
US Attorney's Office District of Minnesota
ST. PAUL, Minn. – A Coon Rapids man has been sentenced to 36 months in prison, three years of supervised release, and required to pay $1,356,995 in restitution for a romance fraud scheme that targeted elderly victims, announced U.S. Attorney Andrew M. Luger.
Details >12/04/2023
Companies With AI-Driven Strategies Outcompete Peers, Study Finds
PYMNTS
The payments industry has been a latecomer to the financial technology revolution. Many companies still use legacy accounts receivable (AR) processes marked by an overwhelming reliance on manual procedures. Now, the industry is at a crossroads, facing a technological advancement that promises to leave no sector untouched: artificial intelligence (AI). The technology’s potential benefits read like an AR team’s wish list — and the reality is not far off.
Details >12/03/2023
Staples Confirms System Outage Was Due to Cyber Attack, Raising the Possibility of a Data Breach
JD Supra
Earlier this week, Staples, Inc. confirmed that it was the recent victim of a cyberattack, requiring the company to shut down portions of its computer network.
Details >12/03/2023
FBI warns of rising fraud schemes, urges vigilance
WWLP
SPRINGFIELD, Mass. (WWLP) – Fraud schemes targeting the elderly are on the rise across the country.
Details >11/30/2023
Digital wallets and the rise of the identity trojan
Cybernews
The “wallet wars” have been heating up lately as vendors galore enter the identity wallet space. This notion of identity wallets has been bubbling up for a few years, brought about by the self-sovereign (or decentralized) identity movement.
Details >11/30/2023
So an online scam is NOT what you ordered?
FTC
This time of year, you’re probably buying lots of things online. Gifts, decorations, food! But what if something you’ve ordered shows up different than advertised? Or damaged? Or never comes at all? If so, you’re not alone.
Details >11/30/2023
Cyber Criminals Weaponize SEC’s Future Cyber Disclosure Rules
JD Supra
In a first for both cybersecurity and securities law, a ransomware company filed a complaint with the U.S. Securities and Exchange Commission (“SEC”) against its own hacking victim for failure to disclose the hack itself.
Details >11/30/2023
This AI Pioneer Says the Tech’s Best Applications Are in Payments
PYMNTS
With knowledge comes power, and that fact is particularly true when using artificial intelligence (AI).
Details >11/29/2023
Cyber-attack closes hospital emergency rooms in three US states
The Guardian
A cyber-attack has shut down emergency rooms in at least three states, a hospital operator warned on Monday, forcing the organization to divert patients to other facilities.
Details >11/29/2023
3 suspects arrested with 44 stolen checks, 29 stolen credit card, in $8000 retail theft ring: police
Fox 5 Washington DC
FAIRFAX COUNTY, Va. - The Tyson’s Urban Team apprehended three suspects apart of a retail theft crew from Maryland.
Details >11/28/2023
Beware of these 5 holiday scams
Cyber Guy
I know you must be very busy these days. You probably have a lot to do, like preparing food, visiting family and friends, and shopping for gifts. Although it’s a fun and festive time of year, it can also be stressful.
Details >11/28/2023
ID Theft Service Resold Access to USInfoSearch Data
Krebs on Security
One of the cybercrime underground’s more active sellers of Social Security numbers, background and credit reports has been pulling data from hacked accounts at the U.S. consumer data broker USinfoSearch, KrebsOnSecurity has learned.
Details >11/27/2023
KyberSwap Says Hackers Stole $55m in Crypto
Infosecurity Magazine
Decentralized exchange KyberSwap has become the latest crypto firm to lose millions to digital thieves, after reporting a highly sophisticated cyber-attack.
Details >11/27/2023
Multiple Healthcare Providers Suffer Thanksgiving Day Cyberattacks
The HIPAA Journal
Cyber actors often time their attacks to coincide with holiday periods when IT staffing levels are likely to be reduced to increase the probability of being able to access networks and exfiltrate data undetected, especially during Thanksgiving weekend.
Details >11/27/2023
NAME RIDDLE Veteran’s $76k compensation check cashed 24 hours after bank account was opened – but cops stumped by true ID of holder
The Sun
A man has been arrested after attempting to cash a check for tens of thousands of dollars and confusing cops with his identity.
Details >11/27/2023
Chicago man sentenced for 2021 bank robbery in Rochester
KIMT
ROCHESTER, Minn. – A Chicago man is finally sentenced for robbing a Rochester bank in 2021.
Details >11/27/2023
How Credit Unions Can Avoid the Pinch of Fraud Liability in an Era of Instant Payments
CU Times
Members demand fast, easy and convenient experiences, but what happens when transactions go wrong? When a member is a victim of fraud, what starts as a convenient experience can quickly turn difficult, exposing credit unions to a financial hit.
Details >11/27/2023
Credit card skimming on the rise for the holiday shopping season
Malwarebytes Labs
As we head into shopping season, customers aren’t the only ones getting excited. More online shopping means more opportunities for cybercriminals to grab their share using scams and data theft.
Details >11/25/2023
Humanity to OpenAI Board: You’re Fired!
PYMNTS
The last time I wrote about governance was in the summer of 2016. The United Kingdom had put a decision to exit the European Union to a popular vote. Brexit squeaked through in a heated process with much misinformation. It will all be a piece of cake, it was said.
Details >11/25/2023
UK Government Says Country Needs Open Banking Alternatives to Visa and Mastercard
PYMNTS
The U.K. risks falling behind other nations unless it can create an alternative to its Faster Payment Service.
Details >11/25/2023
Biometrics May Be Online Retail’s Ticket to More Sales
PYMNTS
Retailers are leveraging innovative solutions, such as biometrics, to enhance convenience, security and personalized services in their day-to-day business.
Details >11/25/2023
Crypto scam: Inside the billion-dollar ‘pig-butchering’ industry
Reuters.com
Fraudulent crypto investment schemes directed from Asia known as “pig butchering” have become a global billion-dollar industry. But little is known about those who benefit. Reuters traced at least $9 million linked to such scams to an account registered to a well-connected representative of a Chinese trade group in Thailand.
Details >11/25/2023
40% of Firms See Security, Not Just Speed, as Real-Time Payments Plus
PYMNTS
The demand for real-time payments is soaring, with The Clearing House’s RTP® network, the flagship real-time payment system in the United States, now serving 65% of all demand deposit accounts in the country.
Details >11/25/2023
Last two Felony Lane Gang members plead guilty in NKY bank fraud scheme
Cincinnati.com The Enquirer
Six people, who authorities say were members of a nationwide crime syndicate, have all been convicted in a scheme to fraudulently withdraw money from banks in Northern Kentucky.
Details >11/25/2023
Cybersecurity experts report alarming rise in quishing; how to avoid getting scammed
7 Eyewitness News
A new QR code scam known as quishing is on the rise.
Details >11/19/2023
Identity Theft Statistics
WalletHub
Identity theft is when someone steals and uses your personal information, usually to benefit financially.
Details >11/19/2023
U.S. Postal Service employee, 2 others arrested in stolen check scheme
WSOC-TV
CHARLOTTE — A U.S. Postal Service employee and two other people have been arrested on federal charges after being accused of being involved in a scheme involving stolen checks worth $24 million, according to the United States Attorney’s Office.
Details >11/16/2023
Didn't cash your Minnesota rebate check? Keep an eye on your mail
Bring me the News
State officials say they believe many of the rebate checks, which were sent in plain envelopes, were accidentally discarded.
Details >11/15/2023
Microsoft Patch Tuesday, November 2023 Edition
Krebs on Security
Microsoft today released updates to fix more than five dozen security holes in its Windows operating systems and related software, including three “zero day” vulnerabilities that Microsoft warns are already being exploited in active attacks.
Details >11/15/2023
Biometric Authentication Tailor-Made for a Digital-First World
PYMNTS
The realm of payments authentication is undergoing a shift.
Details >11/15/2023
CFPB seeking to regulate large fintech payment processors
CFPB Journal
The Consumer Financial Protection Bureau wants to supervise large nonbanks that offer digital wallets and payment applications.
Details >11/14/2023
Bitcoin Depot CEO weighs in on new California law
Payments Dive
Bitcoin Depot CEO Brandon Mintz contends a new California law will “create economic challenges” for his company and other crypto ATM operators.
Details >11/14/2023
CFPB Orders Citi to Pay $25.9 Million for Intentional, Illegal Discrimination Against Armenian Americans
CFPB
Citi hid discrimination by giving consumers false reasons for credit denials
Details >11/14/2023
Job Scams
FTC
Scammers advertise jobs the same way honest employers do — online (in ads, on job sites, and social media), in newspapers, and sometimes on TV and radio.
Details >11/14/2023
Only a Third of eCommerce Merchants Know if Fraud Caused a Failed Payment
PYMNTS
Online retailers widely implement anti-fraud tools and strategies — but minimizing false declines while effectively screening out potential fraud is easier said than done.
Details >11/13/2023
CEOs of crashed tech upstart Bitwise accused of swindling $100M from investors
The Register
The co-founders and co-CEOs of failed startup Bitwise appeared in a California court Thursday accused of cheating investors out of $100 million by making up bank statements and revenue figures.
Details >11/13/2023
Searching for a job to work remotely? Avoid scams and identity theft
FTC
Found a job listing to telework as a Spanish translator or a data entry clerk with great benefits and pay? Scammers are impersonating real employers on legitimate platforms like ZipRecruiter and Indeed. When you respond, they might even schedule interviews and send you paperwork that looks legit. But it’s all a scam to get your information and steal your money or your identity. Here’s how to know you’re dealing with a scam.
Details >11/13/2023
Check Fraud: A Low-Tech and Increasingly Common Crime
The Federal Reserve FedPayments Improvement
The Federal Reserve’s longstanding commitment to combat fraud and build awareness includes providing education on fraud trends and improving the security of all payments. One form of payment in particular – checks – is seeing a sizable increase in fraudulent appeal.
Details >11/13/2023
How an Exchange Framework Can Accelerate Adoption of B2B Instant Payments
The Federal Reserve FedPayments Improvement
The world is moving fast. From same-day e-commerce delivery to instant streaming services, technological advancements have improved digitalization across multiple industries. This is also true for payments.
Details >11/13/2023
Massive Surge in Security Breaches of Pensions Prompt Questions
FORTRA
A recent report from RPC has revealed that cybersecurity breaches in UK pension schemes increased by 4,000% from 2021/22 to 2022/23.
Details >11/13/2023
A Scary Story of Group Policy Gone Wrong: Accidental Misconfigurations
FORTRA
In the world of cybersecurity, insider threats remain a potent and often underestimated danger.
Details >11/13/2023
6 Common Phishing Attacks and How to Protect Against Them
FORTRA
Phishing is still as large a concern as ever. “If it ain’t broke, don’t fix it,” seems to hold in this tried-and-true attack method.
Details >11/12/2023
Fighting Fraud: How criminals try to bypass two-factor authentication
Local 12
CINCINNATI (WKRC) - Many of us use two-factor authentication to better protect our bank account or online information.
Details >11/12/2023
A major cyber attack: $3.5 Trillion Loss can occur!
Security Boulevard
In our increasingly interconnected world, cyberattacks pose a serious concern, and the potential financial damage of these attacks is more surprising now than in the past.
Details >11/12/2023
St. Paul man on probation for bank robbery hits another bank, a pharmacy and a convenience store (twice)
INFORUM
Michael Dashon Wise, 49, was released from federal prison in 2020 and put on supervised probation for five years
Details >11/12/2023
BBB Study: Young adult scams surpass older age groups
Carriage Towne News
MARLBOROUGH, MA — People ages 18-24 reported losing more money to scams than older age groups, according to a new report published by the BBB Institute for Marketplace Trust (BBB Institute), the International Association of Better Business Bureaus’ educational foundation.
Details >11/12/2023
It’s Still Easy for Anyone to Become You at Experian
Krebs on Security
In the summer of 2022, KrebsOnSecurity documented the plight of several readers who had their accounts at big-three consumer credit reporting bureau Experian hijacked after identity thieves simply re-registered the accounts using a different email address.
Details >11/10/2023
Boeing Confirms Cyber Attack After LockBit Ransomware Threatened to Leak Data
CP Magazine
American aviation and aerospace giant Boeing is investigating a cyber attack claimed by the Russian LockBit ransomware group
Details >11/10/2023
A major cyber attack: $3.5 Trillion Loss can occur!
Security Boulevard
In our increasingly interconnected world, cyberattacks pose a serious concern, and the potential financial damage of these attacks is more surprising now than in the past.
Details >11/10/2023
Several new fraud alerts issued to residents across Florida
Fox 35 Orlando
Between Facebook Marketplace, Zelle, and even traditional phone calls – scammers are preying on Florida residents.
Details >11/10/2023
Costa Rica's $6 million National Bank heist was an inside job, authorities say
ABC News
SAN JOSE, Costa Rica -- Little by little an employee of Costa Rica’s National Bank took advantage of a surveillance blindspot to slip more than $6 million worth of currency into envelopes and casually walk out of the country’s largest bank, authorities said Wednesday.
Details >11/10/2023
Credit Repair Firms Driving $20B Synthetic ID Fraud Crisis
Gov Info Security
The ongoing battle against synthetic identity fraud has reached a critical point, as credit repair companies now play a major role in exacerbating this pervasive form of fraud.
Details >11/10/2023
Police search for suspect involved in Best Buy identity theft incident
WTVM
OPELIKA, Ala. (WTVM) - Police search for a suspect in an identity theft incident at Best Buy in Opelika.
Details >11/10/2023
What We Know After 6 Years of Asking Consumers About Receiving Instant Payments
PYMNTS
In the last year, 62% of consumers received disbursements from various corporate and government agencies, with the average consumer receiving $34,000.
Details >11/10/2023
What 23 Payments Executives Shared About Tomorrow’s Most Promising Innovations
PYMNTS
Only experts and insiders can truly know what the next great payments innovations will be.
Details >11/07/2023
Johnson City police release photos of bank robbery suspect
News Channel 11, wjhl.com
JOHNSON CITY, Tenn. (WJHL) – The Johnson City Police Department (JCPD) is investigating after a reported bank robbery Monday morning.
Details >11/07/2023
2 men indicted for alleged bank robbery spree across Chicago area
WGNTV
CHICAGO — Two men face federal charges for their alleged role in a string of bank robberies across the Chicago area, prosecutors announced Monday.
Details >11/07/2023
Financial Services Fraud Is up 39% from 2019, Says a TransUnion Report
Digital Transactions
Fraud at call centers operated by financial services organizations increased 39% from 2019 to 2022, according to new data from TransUnion LLC.
Details >11/07/2023
Financial Sector Prepares for New Payment Security Guidelines
Global News & Analysis
With increasingly digital payment methods, financial institutions are working to protect consumer data. Financial crimes such as synthetic identity fraud have grown easier with the development of artificial intelligence (AI).
Details >11/07/2023
SCSO Arrests Five on Racketering, Identity Theft Charges
Sarasota County Sheriff's Office
The Sarasota County Sheriff's Office (SCSO), working jointly with the Florida Department of Law Enforcement (FDLE), arrested Sammy David Nelson, 39, and Brittany Alexandria Nelson, 34, both of Margate; Jerome Dale Senior II, 41, of Plantation; Linda Joyce Hugley, 65, of Lauderdale Lakes; and Karlyn Marketa Campbell, 39, of Pompano Beach – all members of the Nelson Group.
Details >11/06/2023
Businessman sentenced in $180 million bank fraud that paid for lavish lifestyle, classic cars
AP News
CLEVELAND (AP) — A businessman who orchestrated a $180 million check-kiting scheme and used the proceeds to live a lavish lifestyle and amass one of the world’s most revered classic car collections has been sentenced to more than eight years in prison.
Details >11/06/2023
Southern Pine Credit Union President and Controller Plead Guilty to Bank Fraud
United States Attorney's Office Middle District of Georgia
VALDOSTA, Ga. – The former President and the former Controller of Southern Pine Credit Union in Valdosta both pleaded guilty to long-running multimillion-dollar bank loan and aggravated identity theft schemes.
Details >11/06/2023
Over 70% of Consumers Do Not Believe Real-Time Payments Are Truly Instant
PYMNTS
Consumers are increasingly embracing the immediacy and transparency offered by real-time payments. And the migration to ISO 20022, a new global standard for secure and efficient messaging between financial institutions (FIs), is expected to further accelerate this trend.
Details >11/06/2023
Parents are stealing their children’s identities to access debt—and destroying their kids’ credit scores in the process
Yahoo Finance
When Axton Betz-Hamilton set up her first utility bill at college, she soon realized something was very, very wrong.
Details >11/06/2023
’Tis the Season for Fraudsters and Gift Card Scams
PYMNTS
The holidays are upon us, and gift cards remain a favorite to give and receive.
Details >11/06/2023
Who’s Behind the SWAT USA Reshipping Service?
Krebs On Security
Last week, KrebsOnSecurity broke the news that one of the largest cybercrime services for laundering stolen merchandise was hacked recently, exposing its internal operations, finances and organizational structure.
Details >11/06/2023
Nigerian National Pleads Guilty to Multi-Million Dollar Cyber Fraud Scheme Targeting Tulsa Company and Four Other Companies
United States Attorney's Office Northern District of Oklahoma
TULSA, Okla. – A Nigerian national pleaded guilty Tuesday to wire fraud and transportation of stolen property in federal court, announced U.S. Attorney Clint Johnson.
Details >11/06/2023
Russian Reshipping Service ‘SWAT USA Drop’ Exposed
Krebs on Security
One of the largest cybercrime services for laundering stolen merchandise was hacked recently, exposing its internal operations, finances and organizational structure.
Details >11/06/2023
Over 70% of Consumers Do Not Believe Real-Time Payments Are Truly Instant
PYMNTS
Consumers are increasingly embracing the immediacy and transparency offered by real-time payments.
Details >11/01/2023
Humans are still better than AI at crafting phishing emails, but for how long?
Help Net Security
Humans are still better at crafting phishing emails compared to AI, but not by far and likely not for long, according to research conducted by IBM X-Force Red.
Details >11/01/2023
Russian Hackers Breached 632,000 DOJ And Pentagon Email Addresses In Massive MOVEit Cyberattack, Report Says
Forbes
The email addresses of about 632,000 employees from the Justice and Defense departments were accessed in a hack earlier this year, Bloomberg reported Monday, adding to the number of organizations—including airlines, universities and other U.S. agencies—impacted by a series of data breaches largely blamed on a Russian-speaking criminal group.
Details >11/01/2023
Jury finds Hawaii couple guilty for stealing identities of dead babies
Hawaii News Now
HONOLULU (AP) - A jury has convicted a Hawaii couple of conspiracy, passport fraud and identity theft for stealing identities and living for decades under the names of dead babies.
Details >11/01/2023
Young people hardest hit by scams according to BBB report
Fox 13 Salt Lake City
SALT LAKE CITY — It's a common stereotype that older people are easy targets for con artists, but a new report from the Better Business Bureau People found that people ages 18-24 reported losing more money to scams than older age groups.
Details >11/01/2023
Dallas County officials reported Tuesday on their defense against a cyber attack
Dallas County
Dallas County officials said Tuesday that a cyber attack they now confirm was detected on October 19 has been contained with no closure of services.
Details >11/01/2023
Trial set in identity theft case
Leader Telegram
EAU CLAIRE — A February trial is scheduled for a woman facing seven courts of identity theft in Eau Claire.
Details >10/31/2023
Scammers are impersonating FTC Inspector General Andrew Katsaros
FTC
Scammers are using the names of FTC employees, including the FTC’s Inspector General, to trick people into sending money or giving up their personal information. Here’s what you need to know.
Details >10/31/2023
The Rising Role of Cybersecurity in ESG and How Companies Are Taking Action
Sustainability.com
In today’s data-driven world, cybersecurity has emerged as one of the biggest threats to the global economy and is one of the top risks facing businesses worldwide.
Details >10/31/2023
"Superman" Bank Robbery Suspect Captured in Alabama
Country 94.7 KTTS
(KTTS News) — A man from Mississippi has been charged with robbing a Springfield bank.
Details >10/31/2023
.US Harbors Prolific Malicious Link Shortening Service
Krebs on Security
The top-level domain for the United States — .US — is home to thousands of newly-registered domains tied to a malicious link shortening service that facilitates malware and phishing scams, new research suggests.
Details >10/31/2023
.US Harbors Prolific Malicious Link Shortening Service
Krebs on Security
The top-level domain for the United States — .US — is home to thousands of newly-registered domains tied to a malicious link shortening service that facilitates malware and phishing scams, new research suggests.
Details >10/30/2023
10 things you should never keep on your mobile to avoid fraud and data theft
Tech World
.Nowadays, it is very common to save all types of information on your mobile, from photos and videos to important personal documents. However, storing certain types of data can be dangerous for your privacy and security online.
Details >10/30/2023
iLeakage Attack: Theft of Sensitive Data from Apple’s Safari Browser
Hack Read
What happens in iLeakage attacks is that the CPU is tricked into executing speculative code that reads sensitive data from memory.
Details >10/30/2023
A silent crisis: Data breaches are bankrupting small businesses
Citrus County Chronicle
In 2022, the United States witnessed a staggering 1,802 data breach cases, affecting more than 422 million individuals.
Details >10/30/2023
Rise in global cyberattacks, ransomware threats surge, healthcare and APAC most affected
PYMNTS
According to a recent comparative study by Check Point Research, the first nine months of 2023 and 2022 have witnessed an increase in global cyberattacks. The report reveals that average weekly global cyberattacks rest 3% higher this year as compared to the prior year.
Details >10/30/2023
Musk Says X Will Be Financial Service Hub by 2024
PYMNTS
Elon Musk reportedly expects X to transform into a payments super app by next year.
Details >10/29/2023
What you can do when ‘fraud never sleeps’
ABA Risk and compliance Banking Journal
To effectively protect the consumer and the organization, it’s paramount to delve into the human side of financial crime, says Kelly Richmond Pope, an expert in risk, forensic accounting and white-collar crime research.
Details >10/29/2023
Out-of-state check forgery ring busted by Madison PD
Madison County Journal
MADISON — Five people were arrested last week in a conspiracy involving fraudulent check writing here.
Details >10/29/2023
CFOs See Instant Payments as ‘Cash Management’ Tool
PYMNTS
The last few months have been ones of marked change for B2B payments, and the rise of embedded finance points the way for what’s to come in 2024 and beyond.
Details >10/29/2023
Accelerating Account-to-Account Transfers via Real-Time Payments
PYMNTS
Account-to-account (A2A) transfers have seen a renaissance over the past decade as open banking grows more popular. However, in the United States, these bank payments are slower and less efficient than other options. Implementing real-time rails could potentially revolutionize the A2A ecosystem.
Details >10/29/2023
Risk managers beware – generative AI spells serious concerns for security
Insurance Business Magazine
More than eight in 10 believe that deepfake tech will be used in future cyber attacks
Details >10/26/2023
Hackers Stole Access Tokens from Okta’s Support Unit
Krebs on Security
Okta, a company that provides identity tools like multi-factor authentication and single sign-on to thousands of businesses, has suffered a security breach involving a compromise of its customer support unit, KrebsOnSecurity has learned.
Details >10/26/2023
AG Ellison reaches settlement over $2.3B in attempted unauthorized withdrawals
KEYC News Now
ST. PAUL, Minn. (KEYC) - Minnesota Attorney General Keith Ellison reached a multibillion settlement over unauthorized withdrawals.
Details >10/26/2023
Salt Security Discovers Flaws in Social Login Mechanism Impacting 1000s of Websites and Exposing Billions of Users to Account Takeover
Cision PR Newswire
PALO ALTO, Calif., Oct. 24, 2023 /PRNewswire/ -- Salt Security, the leading API security company, today released new threat research from Salt Labs highlighting API security vulnerabilities uncovered in the social sign-in and Open Authentication (OAuth) implementations of multiple online companies, including Grammarly, Vidio, and Bukalapak.
Details >10/26/2023
More than 500 potential cyber attacks logged every second, BT says
Independent
More than 46 million signals of potential cyber attacks are spotted by cyber security experts every day around the world, according to new data from BT.
Details >10/26/2023
There were 11% more ransomware attacks in Q3 than Q2 2023
Security Magazine
A recent global ransomware report by Corvus Insurance found that ransomware attack frequency is up 11% from Q2 and increased 95% year-over-year (YoY). According to the report, the single MOVEit vulnerability accounted for 9% of victims listed in Q2 and 13% of victims listed in Q3.
Details >10/26/2023
Cyber operations linked to Israel-Hamas fighting gain momentum
Cyberscoop
Amid a flurry of exaggerated claims of cyber attacks, experts caution that attacks on digital systems may intensify as the conflict drags on.
Details >10/26/2023
CHATGPT'S SCARY GOOD AT GETTING PEOPLE TO CLICK PHISHING EMAILS, IBM FINDS
Futurism
OpenAI's ChatGPT can spit out a poem or write a letter if you're at a loss for words. Or, given the right prompts, you can use it to write a convincing phishing email at unprecedented speed and scale.
Details >10/26/2023
‘What’s Next’ for Payments in 2024 and Beyond? Citi Says Invisible Payments (Finally)
PYMNTS
With 2024 right around the corner, Vineeth Subramanyam, managing director and global head of Spring by Citi, told Karen Webster that the unstoppable push toward personalization and automation in payments will take a cue from innovations stretching back into the early days of the millennium.
Details >10/26/2023
ISO 20022, Open Banking Will Transform Cross-Border Payments
PYMNTS
Nilesh Dusane, global head of institutional payments at Amazon Web Services (AWS), told Karen Webster that there’s one common refrain among financial institutions (FIs) and payment companies.
Details >10/25/2023
American Family Insurance Confirms Reports of Cyber Attack, Raising Consumers’ Concerns Over a Possible Data Breach
JD Supra
Last week, American Family Insurance (“American Family”) confirmed that the recent IT issues the company has been dealing with were due to a cyberattack.
Details >10/25/2023
September saw a record 153% increase of ransomware attacks, says NCC Group
zdnet.com
With 514 victims falling prey to ransomware in September, it's time every consumer and business started taking this threat seriously.
Details >10/25/2023
Generation Z Will Help Shape Payments Innovations for Years to Come
PYMNTS
Jacqueline White, president at i2c, told PYMNTS in a recent interview that “what’s next” in payments may be determined by demographics.
Details >10/25/2023
What’s Next in Payments Security: White Hats vs Black Hats, With AI as a Weapon
PYMNTS
Jeff Hallenbeck, head of financial partnerships at Forter, told PYMNTS that as 2024 dawns, artificial intelligence (AI) will be a technological tool increasingly leveraged by fraudsters — and a tool necessary to beat them too.
Details >10/25/2023
Regions Financial Sinks Most Since March After Earnings Miss
Bloomberg
Regions Financial Corp. slumped as much as 16% after warning it expects further declines in net interest income as higher rates continue to take a toll on the bank.
Details >10/20/2023
NJ Settles with ACI Payments, Inc. for Unauthorized Transactions from Mr. Cooper Customer Accounts
Insider NJ
The New Jersey Department of Banking and Insurance and 43 other state financial agencies have reached settlements with ACI Payments, Inc. for erroneously initiating electronic transactions totaling $2.3 billion from the accounts of 480,000 mortgage-holders serviced by the business Mr. Cooper (formerly known as Nationstar Mortgage, LLC).
Details >10/20/2023
Zumigo introduces QR code for passwordless login
Help Net Security
Zumigo launched a functionality within the Zumigo Assure Authentication product that facilitates the transfer of verified trust from a user’s mobile phone to a desktop, laptop and tablet.
Details >10/20/2023
Don’t Mail a Check or Other Financial Docs on This Day of the Week
Yahoo Finance
Many people send important financial documents — such as checks, money orders and tax returns — in the mail. While this method might not be as fast as, say, emailing them, it may be more secure.
Details >10/20/2023
Fighting fraud against older adults
FTC
Protecting older adults is one of the FTC’s top priorities, and a new report to Congress tells how the agency tackled fraud, scams, and other issues affecting older adults over the last year. It’s been a busy year at the FTC, so what are some of the highlights?
Details >10/20/2023
Marijuana operator gets $22M in loans from Minnesota governmental agencies
MJ Biz Daily
Hwy35, a Missouri-based marijuana operator, secured $22 million in funding from two state agencies in Minnesota as well as a municipality.
Details >10/18/2023
Navigating Risk and Fraud Management in the World of Bank Transfers
Payments Journal
Digital transformation has accelerated the evolution of financial transactions dramatically in the last decade. Gone are the days when paper checks were the norm, with a recent Philadelphia Fed Study, reporting that since 2009, paper check usage has been dropping by 1.2 billion annually.
Details >10/18/2023
KC Woman Sentenced for Fraud Schemes, Identity Theft
United States Attorney's Office Western District of Missouri
KANSAS CITY, Mo. – A Kansas City, Mo., woman was sentenced in federal court today for a series of fraud schemes that utilized stolen identity information.
Details >10/18/2023
The Fake Browser Update Scam Gets a Makeover
Krebs on Security
One of the oldest malware tricks in the book — hacked websites claiming visitors need to update their Web browser before they can view any content — has roared back to life in the past few months.
Details >10/17/2023
The Clearing House CEO: ‘It’s All About Growing the Real-Time Payments Pie, Not Fighting Over Profits’
PYMNTS
Now in his eighth month as CEO of The Clearing House, David Watson noted to PYMNTS CEO Karen Webster that there’s significant promise — and a long road ahead — for real-time payments in the United States.
Details >10/17/2023
Tech CEO Sentenced to 5 Years in IP Address Scheme
Krebs on Security
Amir Golestan, the 40-year-old CEO of the Charleston, S.C. based technology company Micfo LLC, has been sentenced to five years in prison for wire fraud.
Details >10/16/2023
US Banks Brace for Surge in Bad Debt Write-Offs
PYMNTS
The largest U.S. banks are reportedly bracing themselves for a surge in bad debt write-offs, the highest since the early days of the pandemic.
Details >10/16/2023
Help Your Vendors Safeguard Your Company from Cybercrime
Las Vegas Review-Journal
When it comes to phishing, scams and other types of fraud, bad actors play their villainous roles to near-perfection, and too often, they get a fat paycheck for your trouble. One of the lesser-known avenues for a cyberattack is through what most companies consider trusted allies: the vendors they do business with.
Details >10/15/2023
ATM worker robbed at Regions Bank in Franklin, FBI, police searching for 2 suspects
WSMV NBC 4
NASHVILLE, Tenn. (WSMV) - Franklin police and the Federal Bureau of Investigation are searching for two suspects after a worker servicing an ATM on Murfreesboro Road was robbed on Thursday afternoon.
Details >10/15/2023
AARP warns about the rise of smishing
the Farmville Herald
If you have a cell phone, you've probably noticed an increase in text messages from people you don't know.
Details >10/14/2023
Would-be bank robber asks for keys to vault
WREG.com
MEMPHIS, Tenn. — A man who tried to rob a Cordova bank Tuesday afternoon left without any loot.
Details >10/14/2023
Two bank workers found safe in vault after being held at gunpoint amid armed robbery
Yahoo News
Two workers at a University Place bank, who were being held at gunpoint, dashed to the vault and locked the door amid a robbery.
Details >10/13/2023
Protect your business from check fraud: Tips from an Atlanta banking expert
Biz Journals
Last year, 65% of all businesses experienced payment fraud attacks, according to the Association for Financial Professionals.
Details >10/13/2023
$760K Check Scheme: Westchester Man Nabbed For 'Malicious Fraud,' Feds Say
Dailyvoice.com NY
A 26-year-old Westchester man who was arrested while hiding under his co-conspirator’s couch now faces charges in connection to a $760,000 check fraud scheme that victimized several people and their businesses, officials announced.
Details >10/13/2023
CHECK FRAUD SUSPECT ARRESTED THANKS TO ALERT TELLER
Upper Merion Township Police Department, PA
On Tuesday October 3rd, 2023 at about 11:20 AM, Upper Merion Police responded to the Police and Fire Federal Credit Union, located at 236 W. Dekalb Pike in reference to a check fraud in progress. As officers were on the way to the bank, they were advised by dispatchers that the suspect was inside the bank attempting to cash a $9,700 check. The female presented an out of state driver's license to the teller and didn't have an account with the bank.
Details >10/13/2023
17 BSO employees charged in wide-ranging PPP loan fraud investigation
Local 10.com
BROWARD COUNTY, Fla. – Broward County Sheriff Gregory Tony joined federal law enforcement officials Thursday for a news conference announcing the arrests of more than a dozen Broward Sheriff’s Office employees suspected of fraudulently applying for and receiving Paycheck Protection Program loans.
Details >10/12/2023
How an Exchange Framework Can Accelerate Adoption of B2B Instant Payments
The Federal Reserve FedPayments Improvement
The world is moving fast. From same-day e-commerce delivery to instant streaming services, technological advancements have improved digitalization across multiple industries. This is also true for payments.
Details >10/12/2023
Crypto companies touting FDIC insurance? Not so fast.
FTC
If your bank is FDIC insured, you’re protected up to $250,000 if the bank fails. But what about the funds you deposit with a crypto-based financial services provider? Nope.
Details >10/11/2023
Patch Tuesday, October 2023 Edition
Krebs on Security
Microsoft today issued security updates for more than 100 newly-discovered vulnerabilities in its Windows operating system and related software, including four flaws that are already being exploited. In addition, Apple recently released emergency updates to quash a pair of zero-day bugs in iOS.
Details >10/11/2023
How to Spot a Fake Cashier’s Check: Tips and Tricks
Nigerian Tribune
If you’re receiving a cashier’s check, you might think it’s a guaranteed form of payment.
Details >10/11/2023
What can I do if I am the victim of identity theft? Ask the Lawyer
Daily Breeze
Q: Never thought this would happen to me. Someone somehow got my Social Security number, obtained a credit card and charged items on it. I found out when the bill came. Now what?
Details >10/11/2023
Police respond to incident at bank in Sioux Falls
Keloland.com
SIOUX FALLS, S.D. (KELO) — A Sioux Falls man is behind bars, accused of robbing a bank on the west side of the city.
Details >10/10/2023
Skimmer Gets Prison for Million-Dollar Financial Identity Theft Scheme
United States Attorney's Office Southern District of California
SAN DIEGO – A Los Angeles metropolitan resident was sentenced today to 41 months in prison for repeatedly installing specialized devices to steal the financial information of unwitting victims at gas pumps throughout Southern California.
Details >10/10/2023
Two Charlotte Businessmen Are Sentenced To Prison For Selling Fraudulently Obtained New iPhones Overseas
United States Attorney's Office Western District of North Carolina
CHARLOTTE, N.C. – Hamzeh Jamal Alasfar, 31, and Tayseer Issam Alkhayyat, 35, both of Charlotte, were each sentenced today to 46 months in prison for a multi-year scheme to buy, sell, and ship fraudulently obtained and stolen new Apple iPhones to domestic and international buyers, announced Dena J. King, U.S. Attorney for the Western District of North Carolina.
Details >10/10/2023
Member of counterfeit savings bonds ring convicted
United States Attorney's Office Southern District of Texas
BROWNSVILLE, Texas - A 45-year-old California woman has pleaded guilty to conspiring to make, pass and transfer counterfeit U.S. savings bonds and passing counterfeit savings bonds.
Details >10/10/2023
Phishers Spoof USPS, 12 Other Natl’ Postal Services
Krebs on Security
Recent weeks have seen a sizable uptick in the number of phishing scams targeting U.S. Postal Service (USPS) customers.
Details >10/10/2023
AARP Virginia Fraud Alert: The Rise of Smishing
AARP
If you have a cell phone, you've probably noticed an increase in text messages from people you don't know.
Details >10/09/2023
Lawmakers Raise Concerns Over Social Media’s Deepfake Problem
PYMNTS
Generative artificial intelligence (AI) can digitally create nearly everything and anything.
Details >10/09/2023
Handicapping the US, UK and Europe Real-Time Payments Race
PYMNTS
Real-time payments have revolutionized the global financial landscape, fostering greater efficiency, convenience and inclusion. Countries worldwide are embracing real-time payment systems to meet the growing demand for instant transactions.
Details >10/09/2023
Can Blockchain Deliver Speed, Security and Inclusion to Global Payments?
PYMNTS
Innovative technology is on the cusp of transforming existing global payments infrastructure.
Details >10/09/2023
How Contactless Payment is Changing the Way We Shop
Fintech Zoom
In today’s fast-paced world, convenience is key, especially when it comes to shopping. With the advent of contactless payment, our shopping experience has been revolutionized.
Details >10/09/2023
That friend request could be from a scammer
FTC
Scammers are using social media to go after your money and personal information. And it’s working: since 2021, people have reported losing $2.7 billion to scams that started on social media — way more than with any other contact method.
Details >10/09/2023
Preventing Account Takeovers: A Crucial Step to Mitigate Identity Theft
Security Boulevard
In today’s hyper-connected world, the threat of account takeovers and identity theft is more real than ever. As corporate executives and High Net Worth Individuals (HNWI), you are particularly at risk.
Details >10/09/2023
FBI warns of rising elder fraud crime rates as scammers steal billions in savings each year
CBS News
Washington — Americans over 60 are increasingly falling victim to crimes of fraud perpetrated online and over the phone at rates that add up to billions in losses each year, and federal investigators are warning that the scammers are becoming more sophisticated in the ploys they use to get their victims to hand over large sums of money.
Details >10/09/2023
Why One Of The Largest Cyber-Attacks Is Still A Mystery
Slash Gear
Cyber espionage is a powerful tool in modern warfare. It can be used to spy on prominent individuals like political leaders, government officials, and business heads, spread disinformation, and even disrupt infrastructure.
Details >10/09/2023
10 charged in $14K fraud scheme targeting drive-thru customers at NW Indiana fast food restaurant
NBC Chicago
Nine people were arrested in connection with a money laundering scheme involving employees at a Northwest Indiana fast food restaurant who stole customers' credit card information, which was used to fraudulently obtain funds and post bail for multiple inmates at the LaPorte County Jail, according to authorities.
Details >10/09/2023
Facial Recognition Debate Gathers Steam Despite Popularity Among Gen Z Consumers
PYMNTS
As the use of facial recognition software continues to expand around the world, concerns about privacy and human rights violations have reignited the debate surrounding this technology.
Details >10/09/2023
FBI: Crippling 'Dual Ransomware Attacks' on the Rise
Dark Reading
Once they compromise an victim with an initial ransomware attack, threat actors are ready to deploy a secondary attack with a different strain, which could leave even more damage.
Details >10/05/2023
Attorney General’s Office charges five with $9.5M in Medicaid fraud
MN Attorney General
August 29, 2023 (SAINT PAUL) — Minnesota Attorney General Keith Ellison announced today that his office has charged five people as part of a scheme to defraud the Minnesota Medical Assistance (Medicaid) program out of approximately $9.5 million.
Details >10/05/2023
Man indicted for blowing up ATM
United States Attorney's Office Northern District of Georgia
ATLANTA – Abdurrahim Jalal has been indicted for blowing up a bank automated teller machine and for possession of illegal explosive devices.
Details >10/05/2023
National Security Agency is Starting an Artificial Intelligence Security Center
Security Week
The NSA is starting an artificial intelligence security center — a crucial mission as AI capabilities are increasingly acquired, developed and integrated into U.S. defense and intelligence systems.
Details >10/05/2023
FBI: Crippling 'Dual Ransomware Attacks' on the Rise
Dark Reading
Once they compromise an victim with an initial ransomware attack, threat actors are ready to deploy a secondary attack with a different strain, which could leave even more damage.
Details >10/05/2023
82% of Small Insurance Firms Forgo Instant Payments
PYMNTS
The insurance industry is witnessing a surge in the adoption of real-time payments, with nearly 40% of all firms surveyed in a PYMNTS study planning to increase their use of instant payments, and 25% anticipating increases in the real-time payments they receive.
Details >10/04/2023
FBI: Crippling 'Dual Ransomware Attacks' on the Rise
Dark Reading
Once they compromise an victim with an initial ransomware attack, threat actors are ready to deploy a secondary attack with a different strain, which could leave even more damage.
Details >10/04/2023
New CFPB Rules Are Coming for Data Brokers
Faegre Drinker
The director of the Consumer Financial Protection Bureau (CFPB) recently announced that the agency will be developing new rules defining a data broker that sells certain types of consumer data as a “consumer reporting agency” under the Fair Credit Reporting Act (FCRA).
Details >10/03/2023
Data Doesn’t Deceive: Cyber Attacks and it’s Reality Check
Security Boulevard
Cyber Attacks are an ongoing indicator that the internet has two sides as we explore digital platforms. On every click and keystroke, there can be both a source of convenience and a potential cyber threat.
Details >10/02/2023
Don’t Let Zombie Zoom Links Drag You Down
Krebs on Security
Many organizations — including quite a few Fortune 500 firms — have exposed web links that allow anyone to initiate a Zoom video conference meeting as a valid employee.
Details >10/01/2023
FinTechs Prioritize Convenience, but Customers Want Faster Payments and More Choice
PYMNTS
Today’s economy relies heavily on digitally oriented consumers, which makes moving money swiftly a crucial demand for financial service providers, particularly emerging FinTech issuers aiming to attract customers away from traditional banks.
Details >09/30/2023
enton County Sheriff: Sauk Rapids Resident Target Of Attempted Scam
KNSI Radio
(KNSI) – The Benton County Sheriff’s Office warned on Facebook Friday about an attempted scam in the area recently.
Details >09/30/2023
A Closer Look at the Snatch Data Ransom Group
Krebs on Security
Earlier this week, KrebsOnSecurity revealed that the darknet website for the Snatch ransomware group was leaking data about its users and the crime gang’s internal operations.
Details >09/30/2023
Unraveling the Johnson Controls Ransomware attack: Dark Angels wants $51 million
Data Conomy
Johnson Controls ransomware attack is the topic of the day. Johnson Controls, a global industrial control systems leader, is battling the notorious Dark Angels hackers.
Details >09/27/2023
Nasty malware can steal login credentials for 400 banks
Kim Komando
Malware can be used for many nefarious things. The scariest way it’s used is to steal banking information. Now, hackers are going straight for the financial reward, sidestepping the usual methods for data extraction.
Details >09/27/2023
Can artificial intelligence be used to prevent fraud?
Nation World News
In the digital age in which we live, technology is advancing in leaps and bounds, and one of the fields that is experiencing exponential growth is artificial intelligence (AI).
Details >09/27/2023
Aware but unprepared: Canadians know fraud is on the rise, but don't know what to do if their data is compromised
RBC
TORONTO, Sept. 26, 2023 - With new scams becoming more frequent and sophisticated, a majority of Canadians (88 per cent) report they've experienced an increase in attempts at fraudulent activity, and seven out of 10 (73 per cent) say they were knowingly targeted, according to a new survey from RBC.
Details >09/27/2023
‘Snatch’ Ransom Group Exposes Visitor IP Addresses
Krebs On Security
The victim shaming site operated by the Snatch ransomware group is leaking data about its true online location and internal operations, as well as the Internet addresses of its visitors, KrebsOnSecurity has found.
Details >09/25/2023
Three US firms add over a million MOVEit victims
Cybernews
Sovos, Financial Institution Service Corporation (FISC), and Johnson Financial Group (JFG) said the MOVEit breach impacted the sensitive data of over one million individuals.
Details >09/25/2023
How An Amateur Rap Crew Stole Surveillance Tech That Tracks Almost Every American
Forbes
On a June day last year, a skinny, dreadlocked 29-year-old rapper known as Tony Da Boss lay in bed in a redbrick apartment on a tree-lined street in Charlotte, North Carolina.
Details >09/25/2023
Involved in a data breach? Here’s what you need to know
Malwarebytes Labs
If you've received a message from a company saying your data has been caught up in a breach, you might be unsure what to do next. We've put together some tips which should help you when the (more or less) inevitable happens.
Details >09/25/2023
Congressional committee passes bill to thwart CBDC
Payments Dive
The House Financial Services Committee last week passed a bill that would stop the Federal Reserve from working on a central bank digital currency, giving the full House a chance to consider the legislation.
Details >09/25/2023
Scammers impersonate bank employees to steal nearly $2M from Pennsylvania customers, officials say
WFMJ 21
A theft ring stole nearly $2 million from bank customers in central Pennsylvania in an elaborate scheme in which the scammers, posing as bank employees, tricked people into giving up their account information.
Details >09/25/2023
Faster Payments Means Faster, Better Fraud Fighting Tools
PYMNTS
According to Pradheep Sampath, CPO at Entersekt, the rise of instant payments demands a new approach to fighting fraud.
Details >09/25/2023
Law enforcement share tactics for catching bank robbers
WILX 10 Michigan
JACKSON, Mich. (WILX) - When a bank robber strikes, law enforcement said it’s ready to respond.
Details >09/25/2023
Two arrested in check theft syndicate
Fox 44 News TX
KILLEEN, TX (FOX 44) – UPDATE: An investigation into checks written to a Killeen area church, but which later turned out to be cashed by others after being altered, may have led to the discovery of a check theft syndicate operating in the area.
Details >09/25/2023
Former MN insurance broker charged with fraud for fake customer scheme
CBS News WCCO
MINNEAPOLIS -- A former Minnesota insurance broker was charged for fraud after an investigation by the Minnesota Commerce Fraud Bureau found he invented fake customers and Social Security numbers.
Details >09/25/2023
5 credit card scams to watch out for this holiday season
Fox59 and NerdWallet
(NerdWallet) – In the list of things you want to be doing around the holidays, fending off scam artists has to be at the bottom. And yet, the holidays can be a prime time for scammers hoping to take advantage of the busy season.
Details >09/25/2023
Fiserv: Instant Payments Need ‘Killer Use Case’ as FedNow Service Launches
PYMNTS
The FedNow® Service is rounding the corner into its second month of operation.
Details >09/25/2023
Understanding Malicious Package Attacks and Defense Strategies for Robust Cybersecurity
FORTRA
Malicious packages consist of software embedded with code that is capable of causing harm to an entire system or network. This is a rapidly growing threat affecting open-source software and the software supply chain.
Details >09/25/2023
10 Mistakes in Cybersecurity and How to Avoid Them
FORTRA
It's easy to rest on our laurels. Prevent a few breaches – or go long enough without one – and you start to feel invincible. While our efforts are certainly laudable, we can't get too comfortable.
Details >09/25/2023
2023 Cost of a Data Breach: Key Takeaways
FORTRA
It’s that time of year - IBM has released its “Cost of a Data Breach Report.” This year’s report is jam-packed with some new research and findings that highlight how organizations are implementing security and risk mitigation techniques to help identify and contain data breaches.
Details >09/25/2023
Thousands of dollars stolen from Texas ATMs using Raspberry Pi
FORTRA
A Texas court has heard how last month a gang of men used a Raspberry Pi device to steal thousands of dollars from ATMs.
Details >09/24/2023
Why the Digital Transformation Needs a Reset
PYMNTS
Warren Buffet is reported to have said that digital transformation is a fundamental reality of business today. McKinsey says that 70% of digital transformation projects fail. Both suggest the need to reset expectations about what digital transformation means and what success looks like in the inevitable transition to a more digitally-enabled global economy.
Details >09/22/2023
Two-Thirds of Manufacturers Plan More Real-Time Payments Features Within 12 Months
PYMNTS
The pivot toward real-time payments is sweeping what might be the most “smokestack” of the some-stack verticals within the economy.
Details >09/19/2023
Who’s Behind the 8Base Ransomware Website?
Krebs on Security
The victim shaming website operated by the cybercriminals behind 8Base — currently one of the more active ransomware groups — was until earlier today leaking quite a bit of information that the crime group probably did not intend to be made public.
Details >09/18/2023
MGM Resorts employee says paycheck is late amid cyber attack
Fox 5 Local Las Vegas
LAS VEGAS, Nev. (FOX5) - Alvin Evans III is training to join the security team at T-Mobile arena, which is co-owned by MGM Resorts International.
Details >09/18/2023
Consumers Want Banks to Make Paying Bills Easier
PYMNTS
The bill payment process can often be a source of frustration for consumers, with a significant share experiencing difficulties when attempting to pay their bills.
Details >09/18/2023
How to PayFac: What Software Platforms Need to Know
PYMNTS
The merchant acquiring model has undergone many changes since the introduction of the first general-purpose credit card in 1958. Back then, acquiring banks were responsible for finding merchants and signing them up to accept consumer payments using those cards.
Details >09/15/2023
Western Union Debuts ‘Concept Store’ For Jordan's Foreign Labor Force
PYMNTS
Western Union has launched a “concept store” in Jordan to support that country’s foreign-born workforce.
Details >09/15/2023
Five Men Charged with Using New York Diamond District Companies as Fronts to Illegally Move More Than $600 Million
United States Attorney's Office District of New Jersey
NEWARK, NJ. – Five men who work in New York City’s Diamond District were arrested today and charged with illegally processing more than $600 million through unlicensed money transmitting businesses, U.S. Attorney Philip R. Sellinger announced.
Details >09/15/2023
IRS Notice on Tax Scams
IRS
To protect taxpayers from scams, IRS orders immediate stop to new Employee Retention Credit processing amid surge of questionable claims; concerns from tax pros, aggressive marketing to ineligible applicants highlights unacceptable risk to businesses and the tax system
Details >09/14/2023
MGM Resorts Cyberattack Hobbles Las Vegas Strip Operations
Dark Reading
MGM Resorts is battling to recover its systems following a Sept. 10 cyberattack that left its hotel operations across the country in digital disarray. Experts suspect a ransomware attack is behind the outages.
Details >09/14/2023
FBI Hacker Dropped Stolen Airbus Data on 9/11
Krebs on Security
In December 2022, KrebsOnSecurity broke the news that a cybercriminal using the handle “USDoD” had infiltrated the FBI‘s vetted information sharing network InfraGard, and was selling the contact information for all 80,000 members.
Details >09/14/2023
Fraud Losses From Impersonator Scams Double For Largest US Banks
PYMNTS
Financial institutions (FIs) have generally found fraud and financial crime to be continually more sophisticated. The rise of digital banking and ever-faster digital payment methods have accelerated this phenomenon.
Details >09/13/2023
Adobe, Apple, Google & Microsoft Patch 0-Day Bugs
Krebs on Security
Microsoft today issued software updates to fix at least five dozen security holes in Windows and supported software, including patches for two zero-day vulnerabilities that are already being exploited. Also, Adobe, Google Chrome and Apple iOS users may have their own zero-day patching to do.
Details >09/13/2023
AARP Backs Bill to Protect Victims of Social Security Theft
AARP
If your Social Security number has been stolen or misused, the last thing you need is government red tape getting in the way as you resolve the issue. AARP backs federal legislation that aims to make dealing with identity theft easier.
Details >09/13/2023
State prepares for cyber attacks, A.I.
KARE 11
Legislative commission has oversight over efforts by state agencies to prepare for more sophisticated cyber attacks and artificial intelligence.
Details >09/13/2023
The launch of FedNow: Fast cash or fast fraud?
Biometric Update
What U.S. financial institutions and online marketplaces need to consider when weighing their participation in the new instant payment system
Details >09/13/2023
Stolen Auto Accounts: The $2 Price Tag on Your Car’s Identity
Security Boulevard
It costs about $1,000 to purchase a person’s identity on the dark web from stolen financial accounts. Why pay $1,000 when it’s only $2 to steal a car’s identity and still make a hefty profit?
Details >09/13/2023
What Is Account Hijacking?
CellularNews.com
Welcome to another installment of our “DEFINITIONS” series, where we shed light on various cybersecurity terms.
Details >09/13/2023
Report: Up to $135B stolen in unemployment fraud during pandemic
NewsNation
(NewsNation) — Fraudsters have stolen as much as $135 billion in federal unemployment aid during the COVID-19 pandemic, a new report by the Government Accountability Office found.
Details >09/13/2023
7 Passwords You Should Never Use at Your Small Business
Small Biz Ahead
Owning a small business means owning data. You’re constantly acquiring new information related to your customers, your financial details, and all the vendors and contractors with whom you work.
Details >09/12/2023
Real-Time Payments Pave Way for Further Adoption of Platform-as-a-Service Models
PYMNTS
Steve Cook, chief technology officer at Form3, said in an interview with PYMNTS that the Platform-as-a-Service model is seeing a tailwind from the rise of instant payments.
Details >09/12/2023
Four Men Convicted of $18M Global Investment Fraud Scheme
Office of Public Affairs U.S. Department of Justice
A federal jury in the Western District of Arkansas convicted four men yesterday for their lead roles in an investment fraud and money laundering conspiracy that cheated victims out of more than $18 million.
Details >09/11/2023
US CFTC official pushes for national financial fraud database
WTVB
NEW YORK (Reuters) – A top U.S. regulator on Monday proposed the creation of a federal registry to make it easier for investors and law enforcement to dig up information on past financial fraud convictions and civil fines.
Details >09/11/2023
Family forced to drive to bank at gunpoint during CT robbery
Hartford Courant
Police are investigating after a family was forced at gunpoint to drive to a bank and withdraw money during a robbery in Danbury on Sunday evening, police said.
Details >09/11/2023
USPS Postal Inspector Reveals How to Prevent Identity Theft
Best Life
We trust the U.S. Postal Service (USPS) with a lot of important things, including letters to loved ones and sensitive financial information.
Details >09/11/2023
Ten telltale signs that someone has stolen your identity
WFIN
How would you feel if someone else pretended to be you online? That’s essentially what identity theft is, and it can happen to any of us.
Details >09/10/2023
Panel: Real-Time Ubiquity and Connectivity Turn Payments Into ‘Satisfaction Tools’
PYMNTS
Real-time payments schemes are proliferating around the globe.
Details >09/10/2023
Italy and Spain Lead European Demand for All-in-One App
PYMNTS
Consumers’ appetites for an all-in-one app are growing, with nearly 4 in 10 European consumers craving a single app to manage their everyday digital activities. PYMNTS’ latest research shows this trend is particularly popular among consumers in Italy and Spain.
Details >09/09/2023
Social Security check scam costs Queens man $25K Nina Pineda Image ByNina Pineda WABC logo Thursday, September 7, 2023 5:57PM
ABC 7
EAST ELMHURST, Queens (WABC) -- Check fraud is back in a big way and getting more sophisticated. The number of fraud cases has nearly doubled year to year, up to nearly 700 annually.
Details >09/07/2023
FBI Identifies Lazarus Group Cyber Actors as Responsible for Theft of $41 Million from Stake.com
FBI
The FBI is issuing this release to warn the public regarding the theft of approximately $41 million in virtual currency from Stake.com, an online casino and betting platform.
Details >09/06/2023
ThetaRay Raises $57 Million for AI-Driven Financial Crime Detection
PYMNTS
Payments firm ThetaRay has raised $57 million to boost its financial crime detection capabilities.
Details >09/06/2023
Experts Fear Crooks are Cracking Keys Stolen in LastPass Breach
Krebs On Security
In November 2022, the password manager service LastPass disclosed a breach in which hackers stole password vaults containing both encrypted and plaintext data for more than 25 million users.
Details >09/06/2023
Death by Paper Cut: The Hidden Costs of Checks
PYMNTS
The way things have always been done could be harming firms in the long run.
Details >09/06/2023
Airlines on Payments Autopilot: How Automation Streamlines the Travel Refund Process
PYMNTS
Air travel is complex. And that complexity trickles down to nearly every customer and airline touchpoint — particularly airline refunds, a process that has become a pressing issue for travelers and airlines.
Details >09/05/2023
Help spot scammers after Hurricane Idalia
FTC
Figuring out the full extent of Hurricane Idalia’s damage could take weeks or even months. But we already know that scammers will follow the path of the storm and try to take advantage of people doing their best to recover. While storms are unpredictable, there are ways to spot the tactics these scammers use — even if they change some of the details — so, read on.
Details >09/05/2023
The Gig Economy: 6 Attack Scenarios to Remember
Security Boulevard
While the primary goal of gig economy platforms is to facilitate connections between users and service providers, threat actors can exploit the platform’s messaging features to conduct SMS toll fraud and plenty of other attacks.
Details >09/05/2023
Companies Want Digital Flexibility but Fort Knox Security, Hazeltree CFO Says
PYMNTS
In the fast-paced world of digital finance, security is a pressing concern.
Details >09/05/2023
Minneapolis Public Schools sending cyber attack notification letters
Fox 9 KMSP
MINNEAPOLIS (FOX 9) - Following a cyber attack and ransom that the district says has affected over 100,000 people, Minneapolis Public Schools (MPS) says it is in the process of notifying individuals of their exposed personal information.
Details >09/05/2023
10 things you should never save on your phone if you want to protect your privacy and security
Ruetir
If you have the habit of saving photos, videos, documents and personal information on your mobile, it is important that you reconsider. Storing this type of information may increase the risk of becoming a victim of fraud or identity theft.
Details >09/05/2023
Beware of 'bank jugging,' California authorities warn: What to know
Fox 11 LA
FONTANA, Calif. - Authorities are warning the public of a rise in "bank jugging" incidents reported across the U.S., including right here in Southern California.
Details >09/05/2023
VIDEO: Bank robber holds up note demanding money at Tampa bank, suspect sought
News Channel 8
TAMPA, Fla. (WFLA) — Tampa Police are searching for a suspect responsible for robbing a Chase Bank located at 2001 North Dale Mabry Highway around 1:48 p.m. Saturday afternoon.
Details >09/05/2023
Consumers Consider Passwordless Logins Key to Overcoming All-in-One App Security Concerns
PYMNTS
Given the proliferation of various apps, many consumers in the United States are eager for a more convenient way to manage their banking and shopping needs all within a single platform.
Details >09/01/2023
Why is US Being Used to Phish So Many of Us?
Krebs on Security
Domain names ending in “.US” — the top-level domain for the United States — are among the most prevalent in phishing scams, new research shows.
Details >08/31/2023
Scammers impersonate bank employees to steal nearly $2M from Pennsylvania customers, officials say
CBS News
A theft ring stole nearly $2 million from bank customers in central Pennsylvania in an elaborate scheme in which the scammers, posing as bank employees, tricked people into giving up their account information, the attorney general's office said Friday.
Details >08/30/2023
Why is check fraud suddenly rampant?
Boston Fed
The check is fading away as a consumer payment method – the number of checks collected by the Federal Reserve annually has plummeted 82% over the last 30 years. So why is check fraud suddenly rampant?
Details >08/30/2023
US Crypto Clampdown Continues as SEC Wins NFT Enforcement
PYMNTS
The year 2023 will forever be remembered as the year the U.S. Securities and Exchange Commission (SEC) went to war with crypto.
Details >08/30/2023
Report: OpenAI Approaches $1 Billion in Yearly Revenue
PYMNTS
OpenAI is reportedly on the road to reaching $1 billion in yearly revenue.
Details >08/30/2023
Companies Want Digital Flexibility but Fort Knox Security, Hazeltree CFO Says
PYMNTS
In the fast-paced world of digital finance, security is a pressing concern.
Details >08/29/2023
Kroll Employee SIM-Swapped for Crypto Investor Data
Krebs on Security
Security consulting giant Kroll disclosed today that a SIM-swapping attack against one of its employees led to the theft of user information for multiple cryptocurrency platforms that are relying on Kroll services in their ongoing bankruptcy proceedings.
Details >08/29/2023
U.S. Hacks QakBot, Quietly Removes Botnet Infections
Krebs on Security
The U.S. government today announced a coordinated crackdown against QakBot, a complex malware family used by multiple cybercrime groups to lay the groundwork for ransomware infections.
Details >08/28/2023
How AI is fueling the fraud surge: Sift report
Fintech Nexus
Sift’s latest Digital Trust and Safety Index describes how artificial intelligence (AI) is fuelling a fraud surge that will challenge retailers and financial institutions. It’s behind a more-than-fourfold increase in the account hacking attempt rate in the first quarter of 2023 compared to all of 2022.
Details >08/28/2023
How PayPal is using AI to combat fraud, and make it easier to pay
ABC News
Artificial intelligence has been the buzzword of 2023 ever since ChatGPT made its public debut earlier this year, with businesses, schools, universities and even non-profits looking for ways to integrate AI in their operations
Details >08/28/2023
IRS lost millions of taxpayer records that could be used for identity theft
The Neighbor
(The Center Square) – The Internal Revenue Service lost millions of taxpayer records and federal employees don’t know where they have gone.
Details >08/28/2023
SYNTHETIC FRAUD EXPECTED TO RISE SIGNIFICANTLY IN 2023-24: CAUSES AND CONCERNS
Finance Feds
The digital age has brought immense convenience. With a few taps on our phones, we can purchase goods, transfer money, and access services. But where there are transactions, there are also those looking to game the system. As a result, digital fraud has exploded as more of our financial lives move online.
Details >08/28/2023
All Montana property tax rebates will be sent by paper check
Tri-State Livestock News
HELENA – Starting August 24, all Montana property tax rebates will be sent by paper check in the mail.
Details >08/28/2023
30% of Consumers Swap Instant for Slower Payments to Avoid Fees
PYMNTS
Buoyed by growing consumer preference for faster payments, instant disbursements have gained popularity in recent years. The recent launch of the FedNow instant payments system has further underscoring that demand.
Details >08/28/2023
Kroll Suffers Data Breach: Employee Falls Victim to SIM Swapping Attack
The Hacker News
Risk and financial advisory solutions provider Kroll on Friday disclosed that one of its employees fell victim to a "highly sophisticated" SIM swapping attack.
Details >08/28/2023
Montana warns of scams targeting property tax rebates
Bozeman Daily Chronicle
The state is warning people that scammers are seeking to capitalize on the property tax rebate application process and said it will now issue all rebates by a paper check sent through the mail to combat fraud.
Details >08/25/2023
Great Falls postal worker pleads guilty to stealing mail, wire fraud
Great Falls Tribune
A Great Falls postal service driver pleaded guilty last week to federal charges of possessing stolen mail and wire fraud after depositing checks she overwrote with her name.
Details >08/25/2023
Consumers Want FIs to Deliver Real-Time Financial Data
PYMNTS
Serena Smith, chief client officer at i2c, told PYMNTS in a recent interview that although digital innovations in banking have come a long way in just a few short years, “There’s still a long way to go.”
Details >08/25/2023
Companies and Regulators Scramble to Counter the Threat of AI Deception
PYMNTS
How do we decide whether a human, artificial intelligence (AI) or a combination of the two created a piece of text? Some studies find that more than half of individuals cannot accurately identify content made by AI chatbots such as ChatGPT.
Details >08/24/2023
MN STATE FAIR: Senior Fraud Prevention Program
State of MN
Are you going to the MN State Fair on Senior Day?
Details >08/23/2023
FinCEN Notice Highlights Concerning Increase in Payroll Tax Evasion, Workers’ Compensation Fraud in the Construction Sector
FinCEN
WASHINGTON— Today, the Financial Crimes Enforcement Network (FinCEN), in coordination with IRS Criminal Investigation (CI), issued a Notice to financial institutions calling attention to a concerning increase in state and federal payroll tax evasion and workers’ compensation insurance fraud in the U.S. residential and commercial real estate construction industries.
Details >08/23/2023
Cyber Attacks on Financial Institutions | Why Banks Are Caught in the Crosshairs
SentinelOne
In recent years, there has been a significant uptick in the frequency and sophistication of attacks on the financial and banking industry.
Details >08/23/2023
Common Jobs Scams and How to Avoid Them
Money
The Better Business Bureau reported recently that it’s seen employment scams “skyrocket,” with a growing number of victims losing money and sometimes facing legal issues as a result of the increasingly common fraud scheme.
Details >08/23/2023
The Modern Fraud Dilemma: It’s Good AI Against Bad AI
PYMNTS
Generative artificial intelligence (AI) is making everything easier, including scams.
Details >08/23/2023
FedNow Is Live but Banks Face Integration Decisions
PYMNTS
For banks eyeing what they must do to get on board the FedNow Service to meet customers’ expectations for faster payments and integrate with the first new payments rails in the United States in four decades — the challenges are numerous.
Details >08/23/2023
FBI Identifies Cryptocurrency Funds Stolen by DPRK
FBI
The FBI is warning cryptocurrency companies of recent blockchain activity connected to the theft of hundreds of millions of dollars in cryptocurrency.
Details >08/22/2023
Tourists Give Themselves Away by Looking Up. So Do Most Network Intruders.
Krebs on Security
In large metropolitan areas, tourists are often easy to spot because they’re far more inclined than locals to gaze upward at the surrounding skyscrapers.
Details >08/22/2023
PADUCAH — The McCracken County Sheriff’s Office wants to warn the public of a scam claiming you’ve won the lottery.
WPSD Local 6
PADUCAH — The McCracken County Sheriff’s Office wants to warn the public of a scam claiming you’ve won the lottery.
Details >08/22/2023
Christopher Grannis threatened to shoot officers, K9 during bank robbery, police say
Mass Live
Police were able to successfully arrest a 35-year-old Worcester bank robber after he threatened to shoot officers and a K9 on Friday, Aug. 18, the Worcester Police Department reported.
Details >08/22/2023
Feds warn banks to look out for construction fraud
Construction Dive
A notice to financial institutions highlighted how bad actors use shell companies to commit workers’ compensation and payroll fraud.
Details >08/22/2023
Nearly 60% of Consumers View Mobile Phones and Laptops as Equally Secure for Payments
PYMNTS
Despite the growing perception that smartphones provide more security online, most banking consumers said they think smartphones and computers are equally secure for several select online financial activities.
Details >08/21/2023
If you paid a scammer with a gift card, is your money gone? Maybe not
FTC
Did someone tell you to buy a gift card and give them the numbers? That’s a scam.
Details >08/20/2023
South Dakota man accused of trying to cash forged checks in SE Minnesota
KIMT
ROCHESTER, Minn. – A man accused of passing forged checks in two SE Minnesota counties is now set to stand trial in one of them.
Details >08/20/2023
Consumers Like Biometrics More Than Passwords
PYMNTS
Consumers may be stuck using the outmoded authentication system, but most prefer more sophisticated methods.
Details >08/20/2023
Americans Think Stashing Their Money at Home Is Safer Than Most Bank Accounts, Survey Finds
Yahoo Finance
According to a recent survey by GOBankingRates, nearly 25% of Americans think their money is safer at home than most other places. And that’s understandable.
Details >08/20/2023
Scammers targeting older Black women who were in sororities, police say
The Washington Post
An older woman was sitting in her van at a Home Depot parking lot when a man and a woman approached, according to court records. They told her they found a pocketbook full of cash and would split it with her — but first they needed to verify that the money was “legit.”
Details >08/20/2023
Scammers targeting older Black women who were in sororities, police say
The Washington Post
An older woman was sitting in her van at a Home Depot parking lot when a man and a woman approached, according to court records. They told her they found a pocketbook full of cash and would split it with her — but first they needed to verify that the money was “legit.”
Details >08/18/2023
Did you get a letter from a “lawyer” about cashing in on someone else’s life insurance policy?
FTC
You can’t cash in on a stranger’s life insurance policy — even if a lawyer says you can.
Details >08/18/2023
LinkedIn under attack, malicious hackers seize accounts
FORTRA
Security researchers have identified that a widespread LinkedIn malicious hacking campaign has seen many users locked out of their accounts worldwide.
Details >08/18/2023
Karma Catches Up to Global Phishing Service 16Shop
Krebs on Security
You’ve probably never heard of “16Shop,” but there’s a good chance someone using it has tried to phish you.
Details >08/18/2023
Missouri System Hit by MOVEIt Cyber Attack
Inside Higher Ed
The University of Missouri System is the latest institution battered in the MOVEit cybersecurity breach sweeping the nation.
Details >08/18/2023
Great Falls woman admits possessing stolen mail, wire fraud crimes
US Attorney's Office District of Montana
GREAT FALLS — A Great Falls woman who transported mail admitted today to possessing stolen mail and wire fraud charges after depositing checks she had overwritten with her name, U.S. Attorney Jesse Laslovich said.
Details >08/18/2023
FBI searching for 3 men who robbed armored car at gunpoint in Lansing
ABC 7 Chicago
LANSING, Ill. (WLS) -- The FBI is searching for three suspects behind an armored vehicle robbery in the south suburbs Wednesday.
Details >08/18/2023
BANK ACCIDENTALLY LETS PEOPLE WITHDRAW MONEY FROM ATMS EVEN IF THEY DON’T HAVE ANY
The BYTE - Futurism
For a wild few hours on Tuesday evening, a bizarre Bank of Ireland glitch allowed customers to withdraw up to 1,000 euros, or roughly $1,090 in US dollars, from their bank accounts, The New York Times reports — even if their accounts didn't have that much cash to begin with — without their account balances changing.
Details >08/17/2023
Massive LinkedIn hack reported
SC Media
BleepingComputer reports that LinkedIn has been subjected to a widespread hacking campaign, with several users reporting account hijacking and lockouts while Google search volumes concerning the LinkedIn account hacks or recovery rose by 5,000% during the last few months.
Details >08/17/2023
Minn. woman defrauds 25 victims, 26 banks of $460K in 7 Midwest states
Duluth News Tribune
Federal prosecutors say the woman used fake military IDs and fraudulent passports to obtain loans and lines of credit at credit unions in the Dakotas, Minnesota and five other states.
Details >08/17/2023
Cross-Border Payment Solutions Give Big Lift to Small Business Growth Plans
PYMNTS
Small- to medium-sized enterprises (SMEs) help economies across the world go ’round.
Details >08/17/2023
More Than 500 Scam Tokens Detected on Coinbase's Base Blockchain
PYMNTS
More than 500 scam tokens have reportedly been deployed by developers on Base, the new blockchain launched by crypto exchange Coinbase.
Details >08/16/2023
UBS to Pay $1.4 Billion to Settle Financial-Crisis Fraud Case
The New York Times
The settlement closes the chapter on the last investigation by a Justice Department task force on the role financial firms played in the collapse of the housing market in 2008.
Details >08/16/2023
Juniper Payments: FedNow Can Spur Credit Unions to ‘Reimagine’ Financial Services
PYMNTS
Only a few weeks after launching in July, the FedNow Service promises to help transform payments, commerce and banking.
Details >08/16/2023
Banks fined $549 million for hiding messages in iMessage and Signal
The Verge
Several US financial firms, including multiple Wells Fargo companies, will pay a combined $549 million in fines after admitting they couldn’t produce discussions about company business from smartphone messaging apps used by their employees, “including those at senior levels.”
Details >08/15/2023
Diligere, Equity-Invest Are New Firms of U.K. Con Man
Krebs on Security
John Clifton Davies, a convicted fraudster estimated to have bilked dozens of technology startups out of more than $30 million through phony investment schemes, has a brand new pair of scam companies that are busy dashing startup dreams: A fake investment firm called Equity-Invest[.]ch, and Diligere[.]co.uk, a scam due diligence company that Equity-Invest insists all investment partners use.
Details >08/15/2023
Connecticut school district lost more than $6 million in cyber attack, so far gotten about half back
New Britian Herald
NEW HAVEN — The city of New Haven lost more than $6 million in multiple cyberattacks on its public school district earlier this summer and has so far managed to recoup about half of the money, officials announced Thursday.
Details >08/14/2023
Do you use payment apps like Venmo, CashApp, or Zelle? Read this
FTC
Ever send money through an app like Venmo, CashApp, or Zelle? They make it easy to send money fast to friends or family. But what happens when it’s a scammer on the other end?
Details >08/14/2023
Consumers Like Biometrics More Than Passwords
PYMNTS
Consumers may be stuck using the outmoded authentication system, but most prefer more sophisticated methods.
Details >08/13/2023
Cyber Attacks Becoming More Sophisticated with the Help of AI
Fagen Wasanni Technologies
Cyber attacks are on the rise and becoming increasingly sophisticated worldwide. Hackers are now utilizing artificial intelligence (AI) to manipulate computer systems for malicious purposes. Johann Rehberger, a security researcher, recently demonstrated how he was able to exploit OpenAI’s chatbot, ChatGPT, to carry out nefarious activities.
Details >08/10/2023
Did You Just Try to Login? Why Account Takeover Is Still on the Rise
Security Boulevard
Walking through the exhibit hall this week at Black Hat USA 2023, the number of solutions for “Next Generation Threats” and “AI-Powered Adversaries” might reasonably lead you to believe that this is where a majority of cyber risk lies.
Details >08/10/2023
FBI warns students of fake jobs on college employment websites
WSAV.com
ATLANTA (WSAV) — The FBI is warning students of a scam with fake job offers on college employment websites and college email accounts recruiting for positions that don’t exist.
Details >08/10/2023
Old-fashioned check fraud is back, this time with violent attacks on mail carriers
Bobsullivan.net
Everything old is new again. There was a time when my parents taught me to be extremely careful with personal checks — never to leave open space in the amount fields, lest someone add a zero, for example.
Details >08/09/2023
Scammers impersonate well-known companies, recruit for fake jobs on LinkedIn and other job platforms
FTC
Scammers are lurking on LinkedIn and other job sites, posing as “recruiters” for well-known companies. But instead of looking to hire you, they’re really looking to take your money and personal information.
Details >08/09/2023
Meet the Brains Behind the Malware-Friendly AI Chat Service ‘WormGPT’
Krebs On Security
WormGPT, a private new chatbot service advertised as a way to use Artificial Intelligence (AI) to write malicious software without all the pesky prohibitions on such activity enforced by the likes of ChatGPT and Google Bard, has started adding restrictions of its own on how the service can be used.
Details >08/09/2023
Attempted bank robbery, Milwaukee police seek man
Fox 6 Milwaukee
MILWAUKEE - Milwaukee police are looking for a man suspected of trying to rob a bank on the city's south side last month.
Details >08/09/2023
Microsoft Patch Tuesday, August 2023 Edition
Krebs On Security
Microsoft Corp. today issued software updates to plug more than 70 security holes in its Windows operating systems and related products, including multiple zero-day vulnerabilities currently being exploited in the wild.
Details >08/08/2023
Ransomware victim numbers surge as attackers target zero-day vulnerabilities
CSO Online
Ransomware groups are also prioritizing the exfiltration of files, which has become the primary source of extortion.
Details >08/07/2023
Heartland Tri-State Bank Closed Just "Because of a Scam"
The Deep Dive
Kansas State Bank Commissioner, David Herndon, expressed apparent relief as he disclosed the closure of Heartland Tri-State Bank due to a scam they fell victim to.
Details >08/07/2023
Russian Hacktivists Overwhelm Spanish Sites With DDoS
Infosecurity Magazine
A leading Spanish research institute has become the latest organization in the country to come under cyber-attack from Russia, after a weeks-long DDoS campaign that appears to be geopolitically motivated.
Details >08/07/2023
Thieves fail to steal ATM with forklift in California: VIDEO
ABC 7 News
NORTH HIGHLANDS, Calif. -- Would-be thieves in California drove away empty-handed after an embarrassing fail.
Details >08/07/2023
Milwaukee bank robbery, 56th and Capitol, 2 men charged
Fox 6 Milwaukee
MILWAUKEE - Two Milwaukee men have been criminally charged in connection to a bank robbery that occurred Monday, July 31 at the US Bank near 56th and Capitol.
Details >08/07/2023
Man gets 22 years for bank robberies in three states
WSPA
CHARLOTTE, N.C. (WSPA) – A Georgia man was sentenced on Monday to 22 years in prison for a string of armed robberies he committed in North Carolina, Tennessee and Georgia.
Details >08/06/2023
Understanding the Security Features of Wearable Payment Devices
Fagen Wasanni Technologies
Understanding the security features of wearable payment devices is crucial in today’s digital age. As technology continues to evolve, so does the way we conduct transactions.
Details >08/06/2023
Healthcare facilities see uptick in cyber-attacks
ABC KSTP-TV
Hospitals are now fighting more than disease.
Details >08/06/2023
Suspected bank robber worked as a bank security guard and served 42 years in prison for murder
9 News
Investigators arrested Flozell Beasley, 70, for robbing four banks and a taco shop. Records show Beasley was paroled from prison for murder in 2018.
Details >08/04/2023
Armour bookkeeper charged with grand theft, forgery for alleged check fraud in excess of $100,000
Mitchell Republic
ARMOUR, S.D. — A state investigation alleges that a former bookkeeper at Bob’s Farm Service wrote counterfeit checks to herself that far exceeded her salary, totaling more than $100,000 in losses.
Details >08/04/2023
More Than $1.7 Million Stolen From ATMs at Alabama Credit Unions
CU Times
Alabama federal prosecutors alleged six persons conspired to use ATM skimming devices and covert video cameras to steal funds from members of the $1.3 billion Listerhill Credit Union in Muscle Shoals and the $1.3 billion Avadian Credit Union in Hoover.
Details >08/04/2023
California Target implements controversial 'chaperone policy' for teens after 4 p.m.
Fox 11 News
BAKERSFIELD, Calif. (KBAK/KBFX) — A new store policy at a Target in California is not sitting well with parents.
Details >08/04/2023
Why Regulating AI Is Like Regulating Air or Water, Says UPenn Professor
PYMNTS
Those nations shepherding to market modern technical innovations have so far prioritized innovation over regulation.
Details >08/04/2023
Teach a Man to Phish and He’s Set for Life
Krebs on Security
One frustrating aspect of email phishing is the frequency with which scammers fall back on tried-and-true methods that really have no business working these days. Like attaching a phishing email to a traditional, clean email message, or leveraging link redirects on LinkedIn, or abusing an encoding method that makes it easy to disguise booby-trapped Microsoft Windows files as relatively harmless documents.
Details >08/03/2023
Scam Warning – Phone Calls Re: Fraudulent Bank Charges
Larchmont Buzz
Every now and then we like to pass along a warning about a scam we’ve run across recently – especially those that are particularly convincing or easy to fall for. And yesterday I personally experienced a good one.
Details >08/03/2023
Reward offered for ‘Bundled Bandits' bank robbery crew
FBI
The FBI has offered a reward in connection to a series of bank robberies undertaken by a group of suspects that have become known as the “Bundled Bandits.”
Details >08/03/2023
How Malicious Android Apps Slip Into Disguise
Krebs on Security
Researchers say mobile malware purveyors have been abusing a bug in the Google Android platform that lets them sneak malicious code into mobile apps and evade security scanning tools. Google says it has updated its app malware detection mechanisms in response to the new research.
Details >08/03/2023
Payments Tech Helps Online Sellers Go Global, Play Like Locals
PYMNTS
The digital, connected economy knows no borders.
Details >08/03/2023
To Expand Credit Access to Small Businesses, Banks Must Tap Alternative Data
PYMNTS
Chris Hendrickson, senior vice president of small business strategy at Comerica, and Scott Steinberg, chief product officer and chief operating officer of Enigma, said a multidimensional underwriting process is needed to give a critical lifeline to companies seeking to navigate an uncertain macro environment — and to grow.
Details >08/02/2023
Rising threat: Ransomware targeting schools becoming a serious problem
Kim Komado
You’re target No. 1 for hackers. Get this: 80% of schools suffered ransomware attacks last year. That number is only growing.
Details >08/02/2023
Danville woman sentenced for identity theft, robbery
WCIA
DANVILLE, Ill. (WCIA) — A woman from Danville has been sentenced to 12 years in prison after she recently pleaded guilty to robbery and identity theft charges.
Details >08/02/2023
FBI offers $20K reward for information about 'bundled bandits' targeting BMO Harris banks
ABC 7 Eyewitness News
CHICAGO (WLS) -- The FBI is searching for two suspected bank robbers who investigators are calling the "bundled bandits."
Details >08/02/2023
Social Media Security Awareness: What you Should Know
FORTRA
The latest Verizon Data Breach Investigations report indicates that over 70% of data breaches involved the human element.
Details >08/02/2023
Real-Time Payments Taking Hold From South Africa to Sweden
PYMNTS
The real-time payments landscape is constantly changing. Growth in adoption and transaction volume has been measured across the continents. With the U.S. Federal Reserve’s launch of FedNow, this change seems likely to be a constant.
Details >08/01/2023
Milwaukee bank robbery near 56th and Capitol, 2 men in custody
Fox 6 Now
MILWAUKEE - Milwaukee police arrested two men who robbed a bank near 56th and Capitol on Monday, July 31.
Details >08/01/2023
With Check Fraud on the Rise, Financial Institutions Must Implement More Effective Solutions
Payments Journal
With the rise of digital banking and online payments, the use of checks has undergone a massive shift. In 2021, the Federal Reserve processed 14.5 million checks per day, a dramatic drop from the daily 26.7 million daily it processed 10 years earlier.
Details >08/01/2023
Case against suspected bank robber thrown out
Fox 11 News
GREEN BAY (WLUK) -- A court commissioner threw out a case against a bank robbery suspect Monday.
Details >08/01/2023
Operation Cross Country XIII Leads to Identification/Location of Adolescent Victims
FBI
The FBI, working with its state and local partners, identified and located 200 victims of sex trafficking during a nationwide enforcement campaign, called "Operation Cross Country." The operation also led to identification or arrest of 126 suspects of child sexual exploitation and human trafficking offenses and 68 suspects of trafficking were identified or arrested.
Details >08/01/2023
Real-Time Payments Taking Hold From South Africa to Sweden
PYMNTS
The real-time payments landscape is constantly changing. Growth in adoption and transaction volume has been measured across the continents. With the U.S. Federal Reserve’s launch of FedNow, this change seems likely to be a constant.
Details >07/31/2023
IRS, Security Summit partners warn taxpayers of new scam; unusual delivery service mailing tries to trick people into sending photos, bank account information
IRS
WASHINGTON ― The Internal Revenue Service warned taxpayers today to be on the lookout for a new scam mailing that tries to mislead people into believing they are owed a refund.
Details >07/31/2023
FTC chair says AI could "turbocharge" fraud, be used to "squash competition"
Yahoo News
Federal Trade Commission Chair Lina Khan is leading the Biden administration's charge against massive tech companies allegedly looking to gobble up the competition.
Details >07/30/2023
University of Hawaii makes payout to cyber criminals
KHON 2
HONOLULU (KHON2) — The University of Hawaii negotiated with cyber criminals for the first time to resolve a ransomware attack on Hawaii Community College.
Details >07/30/2023
Bank robbery suspect foiled after falling from roof into recycling bin
Yahoo News
An Ohio man was caught on bodycam footage trying to rob a bank, police said.
Details >07/27/2023
Americans think fraud has reached crisis level, report finds
WYMT
Often, fraudsters will use the psychological trick of inciting fear, panic, or joy to lower victims’ guards
Details >07/27/2023
Mastercard's Cease-and-Desist Letters Halt Cannabis Debit Card Transactions
PYMNTS
Mastercard has told payment processors and banks to stop allowing marijuana transactions on its debit cards.
Details >07/27/2023
The Ripple Effect: What Proposed US Crypto Legislation Looks Like
PYMNTS
The U.S. crypto crackdown started at the top, but the sector’s fractures were bottom-up.
Details >07/25/2023
Legislation preventing data broker sales to government agencies moves forward
Cyberscoop
The House Judiciary Committee on Wednesday advanced legislation closing loopholes that allow data brokers to sell consumer data to law enforcement and federal agencies.
Details >07/25/2023
Notorious Russian cyber criminals hack Australian accounting firm PwC
news.com.au
Accounting firm PwC has been under siege the past few weeks over a tax scandal and it’s just been dealt another blow as Russian hackers have obtained sensitive data.
Details >07/25/2023
How One Banker Sees the FedNow and RTP® Faster Payments Landscape Evolving
PYMNTS
The flagship real-time payment system in the U.S., The Clearing House’s RTP® network, reaches 65% of all demand deposit accounts in the country, according to The Clearing House, and any depository institution can connect to the RTP network through more than 20 technology providers.
Details >07/25/2023
Who and What is Behind the Malware Proxy Service SocksEscort?
Krebs On Security
Researchers this month uncovered a two-year-old Linux-based remote access trojan dubbed AVrecon that enslaves Internet routers into botnet that bilks online advertisers and performs password-spraying attacks.
Details >07/23/2023
Few Fortune 100 Firms List Security Pros in Their Executive Ranks
Krebs On Security
Many things have changed since 2018, such as the names of the companies in the Fortune 100 list. But one aspect of that vaunted list that hasn’t shifted much since is that very few of these companies list any security professionals within their top executive ranks.
Details >07/23/2023
FedNow’s Future and What the Triple Clock Theory Says About It
PYMNTS
Four days from today, the Federal Reserve’s instant account-to-account payments rail will go live. FedNow’s launch on July 20 will bring the number of real-time rails in the U.S. to two. The first real-time rail to go live was RTP®, operated by The Clearing House, in 2017.
Details >07/23/2023
WHAT ARE COMMAND AND CONTROL (C&C) ATTACKS?
Crowdstrike
C&C (also known as C2) is a method that cybercriminals use to communicate with compromised devices within a target company’s network.
Details >07/23/2023
Johns Hopkins sued over May cybersecurity attack
Baltimore ABC 2
BALTIMORE — Johns Hopkins University and Health System is being sued over a cybersecurity attack in May that affected their networks.
Details >07/23/2023
Bank robber still on the loose after stealing cash from Chase branch in Titusville
Florida Today
TITUSVILLE — A man robbed a Chase Bank branch Friday afternoon in Titusville and was still at large Sunday morning, police said.
Details >07/21/2023
Meta’s Threads app used as a lure
Help Net Security
It was to be expected: As the buzz around Meta’s new microblogging platform Threads gained momentum, some individuals have stepped in to take advantage of the fact that the app still can’t formally serve users in the European Union (or China, or Russia).
Details >07/21/2023
Ransomware Crypto Payments Poised to Set New Record in 2023
Bank Info Security
Cryptocurrency is the lifeblood of ransomware gangs, and their illicit use of crypto could hit record numbers this year. While overall crypto proceeds, including from crimes such as scams, fell dramatically over the past year, ransomware funds are expected to hit $899 million in 2023.
Details >07/21/2023
What bankers need to know about FedNow
American Banker
The launch of FedNow, the Federal Reserve's instant-settlement system, raises many questions for banks, card networks and fintechs.
Details >07/20/2023
Is it a legitimate investment opportunity or a scam?
FTC
When you hear about a can’t-miss investment opportunity your first reaction might be to jump right in. Don’t. But how do you tell the difference between a legitimate investment — and a scam?
Details >07/20/2023
Joining forces to help stop scam calls
FTC
Nobody likes getting bombarded with robocalls. Not only are they annoying, but they’re often pushing scams for things like fake auto warranties and credit card debt relief programs. The FTC and law enforcement agencies from all 50 states are taking action to stop them. And you can help, too.
Details >07/20/2023
Payments Execs Debate the FedNow Launch: Instant Uptake or Tough Slog Ahead?
PYMNTS
And now comes the real test.
Details >07/19/2023
Attention shoppers: Credit card skimmers found at Walmart checkout lines in Northeast
WCVB 5 Boston
BOSTON — Law enforcement officials are warning shoppers to pay close attention to the payment terminal the next time they are in a checkout line.
Details >07/19/2023
ERO Boston removes fugitive wanted for passport fraud, theft in Ireland
U.S. Immigration and Customs Enforcement
BOSTON — Enforcement and Removal Operations (ERO) Boston removed an unlawfully present Irish citizen identified as a member of a transnational criminal organization who is wanted for passport fraud, theft and multiple motor vehicle offenses in the Republic of Ireland on July 13.
Details >07/19/2023
AI Tool WormGPT Enables Convincing Fake Emails For BEC Attacks
Infosecurity Magazine
A generative AI tool, WormGPT, has emerged as a powerful weapon in the hands of cyber-criminals, specifically for launching business email compromise (BEC) attacks, according to new findings shared by security firm SlashNext.
Details >07/19/2023
Microsoft: US Government Email Accounts Compromised by Chinese Hackers via Stolen Login Key
CPO Magazine
The United States and Microsoft are implicating China’s state-backed hacking teams in penetrating US government email accounts, in a campaign that reportedly began in mid-May.
Details >07/19/2023
New Footage, details released in Chicago bank robbery that was "similar to a movie"
Fox 32 Chicago
CHICAGO - A pair of blue shoes could be the clues to help solve a Chicago bank robbery.
Details >07/19/2023
Study Finds Most FinTechs Don’t Meet Consumers’ Instant Payments Expectations
PYMNTS
The consumers powering today’s economy are increasingly digital-first, meaning money mobility is a top requirement for any financial services provider — especially FinTechs set on winning consumers away from traditional banks.
Details >07/19/2023
Organized retail crime goes beyond store shoplifting
NRF
We’ve all seen news footage of brazen retail crimes — groups of individuals filling their arms or bags with merchandise that’s then sold to a “fence” for resale or online to an unwary consumer. Store-based stealing might be the most visible element of organized retail crime, but it’s not the only form of ORC impacting the retail ecosystem.
Details >07/19/2023
Massachusetts man accused of zip-tying people, placing ‘bomb’ on counter during armed bank robbery
Fox News
A man from Martha’s Vineyard is accused of zip-tying individuals and placing a "purported bomb" on the counter during an armed bank robbery in April.
Details >07/19/2023
Open Banking Can Help Banks Beat Fraudsters, GIACT Says
PYMNTS
Caitlin Sinclair, director of proposition development, financial crime at GIACT, an LSEG business, recently told PYMNTS that open banking can — and will — give rise to empowered consumers, and take the tedium out of online commerce.
Details >07/18/2023
Beware of AI-generated phising attacks; they are so real!
HT Tech
With AI technology growing each day and new automated software being developed,
Details >07/18/2023
FBI: Texas, Rest of U.S. Experiencing More Cyber Attacks
Government Technology
A series of cyber attacks across Texas are part of a growing statewide and national trend of increasingly sophisticated groups working through computers to steal money and information, according to officials in the FBI.
Details >07/18/2023
3 banks robbed by 'Sticky Note Bandit' dressed as woman, FBI says
ABC News
A man dressed as a woman walked into three Texas banks this month and handed tellers sticky notes with "threatening" messages demanding cash, earning him the nickname "Sticky Note Bandit," the FBI said.
Details >07/18/2023
Sezzle CEO Sees Banks Ramping Up FinTech Acquisitions in 2024 and Beyond
PYMNTS
As 2023 winds into its final few months and 2024 dawns, banks may be on the prowl for acquisitions.
Details >07/17/2023
Cryptocurrency deposits with no returns
FTC
How much do you know about cryptocurrency?
Details >07/17/2023
Eight steps organizations can take after news of a state-sponsored cyberattack
SC Media
Microsoft announced Tuesday that they mitigated an attack by a China-based threat actor that targeted cloud-based customer emails in Microsoft 365 at about 25 organizations.
Details >07/17/2023
Financial Friday: How to protect your kids from identity theft
WAFF 48
HUNTSVILLE, Ala. (WAFF) - Identity fraud is nothing new, but child identity fraud is still happening at an alarming rate. A study done by Javelin Strategy and Research shows a slight decline from 2021 to 2022.
Details >07/17/2023
Founder of failed crypto lending platform Celsius Network arrested on fraud charges
Fox Business
The founder and former CEO of the failed cryptocurrency lending platform Celsius Network was arrested Thursday on federal fraud charges alleging that he schemed to defraud customers by misleading them about key aspects of the business.
Details >07/17/2023
Bank robbery in downtown Miami briefly turns into a hostage situation, police say
Yahoo News
Miami police officers responding to reports of a bank robbery briefly had a hostage situation on their hands Friday afternoon, the department said.
Details >07/17/2023
FCC Funding for Cybersecurity, New AI Company, FCC Proposal on Cell Phone Scams
Broad Band Breakfast
July 13, 2023 – The head of the Federal Communications Commission put out Wednesday a proposal to launch a pilot program to protect schools against cyber attacks.
Details >07/17/2023
Woodbury man charged with multiple counts of tax fraud in connection to Cottage Grove businesses
Pioneer Press
A Woodbury businessman was charged with 13 felony tax crimes in relation to a landscaping business he owns and a haunted house business he operates, both located in Cottage Grove.
Details >07/17/2023
Another man charged in downtown Minneapolis cell phone theft ring
Bring Me The News
A Minneapolis man is the latest person to be charged in a "cell phone theft ring" that has been plaguing the downtown night-life scene since last year.
Details >07/17/2023
8 Pros and Cons of a Single Digital ID System
Make Use Of
Having one unifying digital ID could help streamline online activities and help inclusion. Or it could have the exact opposite effect.
Details >07/17/2023
15 CNY Walmart stores hit by multistate skimming scheme
Inform NY
SYRACUSE, N.Y. (WSYR-TV) — After days of collecting information from multiple police departments, NewsChannel 9 has found a total of 15 Walmart stores were targeted as part of an interstate and four-day skimming scheme.
Details >07/17/2023
The best way to protect your information from scammers? Recognize a phishing scam
FTC
Scammers know how valuable your personal and financial information is — and they’ll do or say almost anything to get it. What can you do to keep it safe?
Details >07/17/2023
Computer System Security Requirements for IRS 1075: What You Need to Know
FORTRA
Any organization or agency that receives federal tax information (FTI) is now required to prove that their data protection policies meet IRS 1075 compliance standards. That means federal, state, county and local entities – as well as the contractors they employ – all fall within this scope.
Details >07/14/2023
SEO Expert Hired and Fired By Ashley Madison Turned on Company, Promising Revenge
Krebs on Security
It was around 9 p.m. on Sunday, July 19, when I received a message through the contact form on KrebsOnSecurity.com that the marital infidelity website AshleyMadison.com had been hacked.
Details >07/14/2023
20% of malware attacks bypass antivirus protection
Help Net Security
Security leaders are concerned about attacks that leverage malware-exfiltrated authentication data, with 53% expressing extreme concern and less than 1% admitting they weren’t concerned at all, according to SpyCloud.
Details >07/14/2023
FedNow: Instant Payments or Instant Fraud
Fintech Nexus
July has come full of expectations. The long-awaited FedNow is (apparently) on the brink of launch. Despite The ClearingHouse launching its own Real-Time Payments (RTP) Network in 2017, there is a sense that FedNow will be different.
Details >07/14/2023
Armored car guard shot, Milwaukee bank robbed again
Milwaukee Fox 6
MILWAUKEE - A 55-year-old armored car guard was shot Thursday, July 13, near 79th and Capitol in Milwaukee during a robbery.
Details >07/14/2023
Consumers Have Ditched Cash and Paper Checks – Why Haven’t CFOs?
PYMNTS
In today’s hostile macroclimate, every competitive edge counts for businesses looking to navigate ongoing headwinds.
Details >07/14/2023
K.C. Chiefs ‘superfan’ accused of string of bank stick-ups in U.S., including two in Twin Cities
Pioneer Press
A diehard Kansas City Chiefs fan known on social media and at games as “ChiefsAholic” is accused of robbing six banks across the central U.S. last year, and trying to rob ones in Apple Valley and Savage on the same day.
Details >07/14/2023
Cryptocurrency deposits with no returns
FTC
How much do you know about cryptocurrency? If your answer is “not much,” that’s exactly what crypto scammers want to hear. And that’s exactly who one cryptocurrency company targeted with its false and misleading claims, according to a lawsuit filed by the FTC.
Details >07/12/2023
Culture, ethics audits can prevent malfeasance: study
CFO Dive
Companies are failing to prioritize assessments of their work culture and missing an opportunity to ward off corporate wrongdoing that can occur when values are mismatched, a recent study by AuditBoard found.
Details >07/12/2023
Flaw in Revolut payment systems exploited to steal $20 million
Help Net Security
Organized criminal groups exploited a flaw in Revolut’s payment systems and made off with $20+ million of the company’s money, the Financial Times reported on Sunday, citing people with knowledge of the situation.
Details >07/12/2023
How Are Higher Ed Cyber Attacks Evolving?
Government Technology
Despite efforts to combat ransomware attacks on higher ed institutions, the education sector remains one of the most targeted industries as more vulnerabilities and data incentivize hackers.
Details >07/12/2023
BofA to Pay $250M Over Extra Fees, Unauthorized Cards
Wealth Management
(Bloomberg) -- Bank of America Corp. agreed to pay $150 million in fines and $100 million to customers for improperly charging extra fees, withholding rewards and opening unauthorized credit-card accounts, US regulators said.
Details >07/12/2023
Omaha police investigating bank robbery after man allegedly threatens teller on the phone
KETV Omaha
OMAHA, Neb. — Omaha police are investigating a bank robbery that occurred Monday afternoon.
Details >07/11/2023
Trio Arrested for Extensive Identity Theft Operation and Drug Possession
Florida News 610 WIOD
Monroe County, FL - Three individuals are facing criminal charges after law enforcement discovered a trove of stolen or forged identity documents in a South Florida motel room.
Details >07/11/2023
Microsoft Fixes NoAuth Flaws, Prevents Account Takeover
Security Boulevard
Microsoft has admitted that a vulnerability has been discovered in its Azure Active Directory (AD) Open Authorization (OAuth) process which facilitates hackers a complete account takeover.
Details >07/11/2023
The high cost for fraud and fees for the 'unbanked'
Fox 5 Atlanta
ATLANTA - The FDIC reports that about 6 million Americans are "unbanked." That means they have no savings or checking accounts. This kind of money management can be unsafe and expensive.
Details >07/11/2023
Apple & Microsoft Patch Tuesday, July 2023 Edition
Krebs on Security
Microsoft Corp. today released software updates to quash 130 security bugs in its Windows operating systems and related software, including at least five flaws that are already seeing active exploitation.
Details >07/11/2023
Top Suspect in 2015 Ashley Madison Hack Committed Suicide in 2014
Krebs on Security
When the marital infidelity website AshleyMadison.com learned in July 2015 that hackers were threatening to publish data stolen from 37 million users, the company’s then-CEO Noel Biderman was quick to point the finger at an unnamed former contractor.
Details >07/10/2023
New Phishing Attack Spoofs Microsoft 365 Authentication System
Hack Read
Vade, a provider of email security and threat detection services, has released a report on a recently discovered phishing attack that involves the spoofing of the Microsoft 365 authentication system.
Details >07/10/2023
Cyber Extortion Cases Surge 39% Annually
Info Security Magazine
Incidents of online extortion reported to the police increased by nearly two-fifths in 2022 compared to a year previously, according to international law firm RPC.
Details >07/10/2023
FTC revs up money transfer case against Walmart
Payments Dive
The Federal Trade Commission revved up its case against Walmart last week, alleging the retailer facilitated fraudulent transactions, despite a court ruling setback in March.
Details >07/10/2023
Moody’s report spotlights FedNow downside
Payments Dive
Dive Brief: The credit ratings agency Moody’s Investors Service this week spelled out potential drawbacks of the real-time payments system FedNow, which the Federal Reserve plans to launch next month, saying some payments players that “rely heavily” on card interchange fees for revenue could suffer.
Details >07/10/2023
Steer clear of scams while shopping on Amazon Prime Day 2023
NBC Miami
As consumers look forward to Amazon Prime Day to snag deals, it's essential to stay vigilant against potential scams.
Details >07/06/2023
Did you hear the SCOTUS decision on student loan debt relief? So did scammers.
FTC
If you have federal student loans, you’ve probably heard about the Supreme Court decision and know that repayments are restarting in October.
Details >07/06/2023
AI linked to new crop of business email scams
Cyber Security Dive
Generative artificial intelligence tools such as ChatGPT could be aiding the proliferation of more convincing email scams aimed at stealing money from businesses, according to cybersecurity firm Fortra.
Details >07/06/2023
AI linked to new crop of business email scams
Cyber Security Dive
Generative artificial intelligence tools such as ChatGPT could be aiding the proliferation of more convincing email scams aimed at stealing money from businesses, according to cybersecurity firm Fortra.
Details >07/06/2023
Mastermind of $10 million Amazon fraud scheme sentenced to 16 years in federal prison
U.S. Attorney's Office Northern District of Georgia
ATLANTA - Kayricka Wortham has been sentenced for stealing more than $9.4 million from Amazon.com while employed as a manager for the company. Seven individuals, including Wortham, have now been charged in connection with the scheme.
Details >07/06/2023
Ransomware criminals post kids’ private files after school hacks in Twin Cities, elsewhere
Tiwn Cities Pioneer Press
The confidential documents stolen from schools and dumped online by ransomware gangs are raw, intimate and graphic.
Details >07/06/2023
Russian Cybersecurity Executive Arrested for Alleged Role in 2012 Megahacks
Krebs on Security
Nikita Kislitsin, formerly the head of network security for one of Russia’s top cybersecurity firms, was arrested last week in Kazakhstan in response to 10-year-old hacking charges from the U.S. Department of Justice.
Details >07/06/2023
Who’s Behind the DomainNetworks Snail Mail Scam?
Krebs on Security
If you’ve ever owned a domain name, the chances are good that at some point you’ve received a snail mail letter which appears to be a bill for a domain or website-related services.
Details >07/06/2023
Fraud Alert: Scammers impersonate Office for Victims of Crime
Lowndes Signal
The Office of Justice Programs’ Office for Victims of Crime (OVC) has received multiple reports that individuals claiming to represent OVC, or other Department of Justice (DOJ) agencies, are calling members of the public as part of imposter scams, announced United States Attorney Sandra J. Stewart.
Details >07/06/2023
Microsoft Warns of Russia-Backed Credentials Stealing Campaign
MSSP Alert
Microsoft’s security team recently said that it had found evidence of a jump in cyber attacks orchestrated by the Russian state-backed Midnight Blizzard crew eyeing personal credentials.
Details >07/06/2023
Expert offers advice on how to avoid becoming victim of check fraud
CBS News Miami
MIAMI - Stopping finance fraud is a full-time job, on top of the one a local business owner already has.
Details >07/06/2023
Cyber Attack on Suncor Energy Indefinitely Suspends Electronic Payments at Canadian Gas Stations
CPO Magazine
Motorists who have pulled up to one of Canada’s Petro-Canada gas stations in the last few days have been greeted by “cash only” signs, as a cyber attack on parent company Suncor Energy has disrupted the company’s payment and loyalty reward systems.
Details >07/06/2023
From Portugal to the Philippines, Real-Time Payments Increase Their Global Footprint
PYMNTS
Real-time payments have gained significant traction worldwide, revolutionizing how consumers and businesses conduct financial transactions.
Details >07/06/2023
NHS Barts trust attacked by ransomware gang
Cyber Security HUB
Russian ransomware gang BlackCat has allegedly stolen 7TB of data from the NHS Trust
Details >07/06/2023
IRS warns of new identity theft scam that comes through the mail
Central Oregon Daily
The IRS is warning of a new identity theft scam intending to make you believe you are owed a refund. This one comes through the mail, but has many of the hallmarks of email and text scams.
Details >07/06/2023
Sanford bank robbery sparks investigation near Bank of America
Orlando 6
SANFORD, Fla. – There was a heavy law-enforcement presence in Sanford on Wednesday following a bank robbery, according to the Seminole County Sheriff’s Office.
Details >07/06/2023
It may not be safe to mail checks anymore. U.S. Postal Service shares tips to fight rise in crime.
USA Today
Neither snow nor rain nor heat nor gloom of night, the adage goes, will stop postal workers from delivering the mail. But what about armed robbery?
Details >07/02/2023
Bloomington murder-suicide tied to securities fraud in Minnesota small towns
Star Tribune
U.S. securities regulators claim perpetrator and victims of the killings raised over $3.7 million for fraudulent stock trading scheme
Details >07/02/2023
The Great Grift: More than $200 billion in COVID-19 aid may have been stolen, federal watchdog says
WIZM
WASHINGTON (AP) — More than $200 billion may have been stolen from two large COVID-19 relief initiatives, according to new estimates from a federal watchdog investigating federally funded programs that helped small businesses survive the worst public health crisis in more than a hundred years.
Details >06/30/2023
78 people charged in $2.5 billion health care fraud schemes targeting elderly, disabled: DOJ
USA Today
The U.S. Department of Justice has charged 78 people for their alleged participation in health care fraud and opioid abuse schemes valued at $2.5 billion.
Details >06/28/2023
Microsoft Teams Attack Skips the Phish to Deliver Malware Directly
Dark Reading
Exploiting a flaw in how the app handles communication with external tenants gives threat actors an easy way to send malicious files from a trusted source to an organization's employees, but no patch is imminent.
Details >06/28/2023
FedNow battles conspiracy theories
Payments Dive
The Federal Reserve’s new instant payments system is confronting disinformation as it gears up for a launch, likely late next month.
Details >06/28/2023
FedNow battles conspiracy theories
Payments Dive
The Federal Reserve’s new instant payments system is confronting disinformation as it gears up for a launch, likely late next month.
Details >06/28/2023
Man gave teller note demanding $1,200 in downtown Grand Rapids bank robbery
Michigan Live
GRAND RAPIDS, MI – A man walked into a downtown Grand Rapids bank, wearing all dark clothing, and gave a bank teller a note.
Details >06/28/2023
Police, FBI investigating bank robberies in Western Springs, Oak Lawn
ABC 7 Eyewitness News
CHICAGO (WLS) -- The FBI and local police are investigating two robberies that happened Tuesday, one in Western Springs and one in south suburban Oak Lawn.
Details >06/28/2023
FACEBOOK'S CREEPY NEW AI CAN REPLICATE YOUR FRIENDS' VOICES
Futurism
Meta-formerly-Facebook has unveiled a "breakthrough" new text-to-speech AI that can edit existing audio, speak in six languages, and — in a more unsettling turn — replicate your loved ones' voices.
Details >06/28/2023
SMS Phishers Harvested Phone Numbers, Shipment Data from UPS Tracking Tool
Krebs on Security
The United Parcel Service (UPS) says fraudsters have been harvesting phone numbers and other information from its online shipment tracking tool in Canada to send highly targeted SMS phishing (a.k.a. “smishing”) messages that spoofed UPS and other top brands. The missives addressed recipients by name, included details about recent orders, and warned that those orders wouldn’t be shipped unless the customer paid an added delivery fee.
Details >06/28/2023
U.K. Cyber Thug “PlugwalkJoe” Gets 5 Years in Prison
Krebs on Security
Joseph James “PlugwalkJoe” O’Connor, a 24-year-old from the United Kingdom who earned his 15 minutes of fame by participating in the July 2020 hack of Twitter, has been sentenced to five years in a U.S. prison.
Details >06/28/2023
CFPB Takes Action Against ACI Worldwide for Illegally Processing $2.3 Billion in Mortgage Payments that Homeowners Did Not Authorize
CFPB
ACI will pay a $25 million penalty for data handling practices that negatively impacted nearly 500,000 homeowners whose mortgages were serviced by Mr. Cooper
Details >06/28/2023
Interchange bill would reduce fraud protection, offer little consumer savings
CUNA
The Big Box interchange bill would reduce funding for fraud protection with little or no consumer savings, Veridian Credit Union CEO Renee Christoffer wrote in The Gazette. CUNA, Leagues, and credit unions strongly oppose the Marshall-Durbin-Gooden-Lofgren bill as introduced earlier this month.
Details >06/28/2023
3 widespread scams even smart people can fall for
Business Insider
With inflation still causing an uptick in costs, many are looking for ways to get out of debt and trying to pinch pennies.
Details >06/28/2023
2 accused of running ‘paper plant,’ use fake checks to swindle victims out of $80,000, deputies say
WSB-TV
FAYETTEVILLE, Ga. — A man and a woman are facing multiple charges including fraud after deputies said they produced a “paper plant” and scammed victims out of more than $80,000.
Details >06/28/2023
4 common types of business fraud to watch out for — and how to prevent them
Sioux Falls Business
Business owners face a myriad of challenges when it comes to running a successful enterprise. One of the most rapidly increasing challenges relates to that forbidden f-word: fraud.
Details >06/28/2023
Publishers Clearing House deceived consumers about their sweepstakes contests, FTC says
FTC
It’s illegal for a company to tell someone to pay to enter a sweepstakes contest, or that buying something increases their odds of winning.
Details >06/28/2023
May ransomware activity rises behind 8base, LockBit gangs
TechTarget
LockBit was the most active group last month, but NCC Group researchers were surprised by 8base, which started listing victims from attacks that occurred beginning in April 2022.
Details >06/28/2023
Dallas to require online reporting for some crimes instead of calling 911
The Dallas Morning News
The Dallas Police Department will soon mandate that residents report a slew of low-priority calls online instead of by calling 911 in hopes of freeing more officers for serious crimes.
Details >06/27/2023
Florida man pleads guilty to fraud and identity theft, as part of felony lane gang scheme
News Channel 13
Cedric Lynch pled guilty Friday to federal charges of conspiracy to commit bank fraud and aggravated identity theft. Lynch admitted that he was involved in a fraud scheme known as “felony lane gang” between 2015 and 2020. Lynch and his co-conspirators – one of whom was from Schenectady – traveled across the country breaking into cars, stealing items used in identity theft.
Details >06/27/2023
Real-Time Payments Fraud Detection Feature Introduced by Jack Henry
Crowdfund Insider
Jack Henry (Nasdaq: JKHY) announced the launch of Payrailz Fraud Monitor, a cloud-native, AI-based feature of the Payrailz Digital Payments Platform that “provides real-time fraud detection when payment transactions are initiated.”
Details >06/26/2023
Vancouver art student claims she lost hundreds in social media scam
City News Everywhere
An art student in Vancouver claims she lost hundreds of dollars to a fraudster who she thought was buying her work.
Details >06/26/2023
Grand Rapids Police arrest man in downtown bank robbery
Channel 3 News
GRAND RAPIDS, Mich. — A suspect is in custody for robbing a bank in downtown Grand Rapids on June 22, Grand Rapids Police announced Monday.
Details >06/23/2023
SMS Phishers Harvested Phone Numbers, Shipment Data from UPS Tracking Tool
Krebs on Security
The United Parcel Service (UPS) says fraudsters have been harvesting phone numbers and other information from its online shipment tracking tool in Canada to send highly targeted SMS phishing (a.k.a. “smishing”) messages that spoofed UPS and other top brands.
Details >06/21/2023
Check fraud on the rise, costing people and businesses thousands
WSAW - TV
WAUSAU, Wis. (WSAW) - Check fraud is on the rise again and experts have said personal checks are very easy to print on a computer where criminals can “wash” them to create blank checks.
Details >06/21/2023
Restaurant hired fake priest to extract ‘confessions’ from workers, feds say
MSN
A taqueria chain in California has been ordered by the Department of Labor to pay $140,000 in back pay and damages to 35 employees for a range of infractions, including hiring a fake priest to elicit “confessions” from its workers.
Details >06/20/2023
Mexico and Peru to Follow Brazil’s Real-Time Payments Footsteps
PYMNTS
Despite large proportions of unbanked households hampering real-time payments adoption in Latin America, some countries in the region are expected to see massive real-time payments growth in the coming years.
Details >06/20/2023
Microsoft admitted it was targeted in a cyber attack claimed by a Russian-linked group called Anonymous Sudan
Yahoo
The disruptions to Microsoft’s services earlier this month were indeed the result of hacks, the software giant has admitted.
Details >06/20/2023
Richfield man charged with alleged check fraud in Eden Prairie
Home Town Source
Aammir Rashaad Freese, 29 of Richfield, was charged via summons with one count of check forgery after allegedly cashing checks last July from Marathon Orthodontics in Eden Prairie.
Details >06/20/2023
A 3-hour phone call that brought her to tears: Imposter scams cost Americans billions
NPR
It was a Monday in the middle of the day when Valeria Haedo got a phone call from a number she didn't recognize. She doesn't normally pick those up, but she did that day.
Details >06/20/2023
Senators Demand Answers From Venmo and Cash App on Fraud
PYMNTS
A quartet of Senate Democrats want Venmo and Cash App to offer better fraud protection.
Details >06/18/2023
Every Louisiana driver’s license holder exposed in colossal cyber-attack
The Guardian
Personal details for every holder of a driver’s license from the US state of Louisiana were exposed to hackers who have pulled off a colossal cyber-attack that also affected American federal agencies, British Airways and the BBC, according to officials.
Details >06/18/2023
Man in custody after barricading inside St. Petersburg Wells Fargo bank, police say
Tampa Bay Times
A man barricaded himself inside a Wells Fargo bank in St. Petersburg for about an hour on Friday afternoon before he was taken into custody, police said.
Details >06/18/2023
Victims speak out over ‘tsunami’ of fraud on Instagram, Facebook and WhatsApp
The Guardian
The social media giant Meta is facing growing pressure from MPs, consumer groups and the UK banking sector over its failure to prevent a “tsunami” of fraud on Facebook, Instagram and WhatsApp, where Britons are losing “life-changing” sums every day.
Details >06/18/2023
How Banks and Merchants Make Payments Easy While Keeping Them Safe
PYMNTS
Today’s new digital operating environment is ripe with opportunities for payment innovations.
Details >06/18/2023
Bank robber that threatened employees with an alleged bomb is on the run
WDEL
The Bear Wells Fargo was robbed yesterday evening at around 5 p.m. and police are asking for the public's help to identify the suspect.
Details >06/18/2023
Bank Robbery Suspect Fled by Bike After Stealing $20K—and Is Still at Large
Bicycling
“I have a gun and a bag and I don’t want anyone to go to hell today,” is what the suspect said as he was robbing the Citibank branch at 25-91 Steinway St. in Astoria on Wednesday, June 14th in the middle of the afternoon. According to the Astoria Post, the suspect pressed an object into a bank employee’s back and said it was a gun.
Details >06/18/2023
Milwaukee HSA Bank fraud scheme; former employee, man charged
Fox 6 Milwaukee
MILWAUKEE - Two people, including a former Milwaukee HSA Bank employee, are charged with multiple counts in a scheme that involved using customers' personal information to steal thousands of dollars.
Details >06/18/2023
Microsoft says early June service outages were triggered by cyber attacks
The Straits Times
WASHINGTON – The outages that affected certain Microsoft services on some days in early June were the result of cyber attacks. But the tech giant noted it saw no evidence of any customer data being accessed or compromised.
Details >06/18/2023
Data breach impacts MN Department of Education
KARE 11
MDE says one of its servers was hit by a global cyber security attack targeting MOVEit software. Files accessed contained data from more than 95,000 students.
Details >06/18/2023
Saturday Morning Heist: Two Men Pull off Violent, Daring Bank Robbery in Frankfort
County Herald
FRANKFORT TOWNSHIP – Two armed men executed a daring bank robbery in Unincorporated Frankfort Township, striking fear into the hearts of customers and employees as they gained access to the vault.
Details >06/16/2023
Woman, 78, to be released on special conditions after allegedly robbing Pleasant Hill bank
Bank Robbery
A 78-year-old woman accused of robbing a Pleasant Hill bank will be released from jail Thursday after her bond was reduced, according to court documents.
Details >06/15/2023
Nashville woman loses life savings in ‘intricate’ identity theft scam
WATE
NASHVILLE, Tenn. (WKRN) —“They didn’t miss a beat.” That’s how a Nashville woman describes her phone call conversations with scammers who claimed her identity was stolen. She is now warning others after she handed over her entire life savings.
Details >06/15/2023
AI Regulation: How Could It Impact Everyday Life for Consumers and Businesses
PYMNTS
Different AI regulatory regimes are currently emerging across Europe, the United States, China, and elsewhere. But what do these new regulatory regimes mean for companies and their adoption of self-regulatory and compliance-based tools and practices?
Details >06/15/2023
CISA Order Highlights Persistent Risk at Network Edge
Krebs on Security
The U.S. government agency in charge of improving the nation’s cybersecurity posture is ordering all federal agencies to take new measures to restrict access to Internet-exposed networking equipment. The directive comes amid a surge in attacks targeting previously unknown vulnerabilities in widely used security and networking appliances.
Details >06/15/2023
Blaine Business Owner Indicted for $600,000 Scheme to Defraud Hundreds of Jobseekers
United States Attorney's Office District of Minnesota
MINNEAPOLIS – A Blaine man has been indicted on wire fraud charges after devising an employment opportunity scheme to defraud hundreds of jobseekers out of approximately $600,000, announced United States Attorney Andrew M. Luger.
Details >06/15/2023
Bloomington Man Pleads Guilty to Wire Fraud in $250 Million Feeding Our Future Fraud Scheme
United States Attorney's Office District of Minnesota
MINNEAPOLIS – A Bloomington man has pleaded guilty to his role in the $250 million fraud scheme that exploited a federally-funded child nutrition program during the COVID-19 pandemic, announced U.S. Attorney Andrew M. Luger.
Details >06/15/2023
Microsoft identifies new hacking unit within Russian military intelligence
Cyberscoop
Dubbed "Cadet Blizzard," the hacking group carried out operations targeting Ukrainian infrastructure in the run-up to the Russian invasion.
Details >06/15/2023
Johns Hopkins impacted by widespread cyberattack, sensitive information may be affected
WBAL TV 11
BALTIMORE — Johns Hopkins University and Health System said it is investigating a recent cybersecurity attack that impacted its systems.
Details >06/15/2023
Charges: Accused Inver Grove Heights bank robber says it ‘was a joke’
KSTP 5 Minneapolis, MN
A man who is now facing criminal charges after he allegedly robbed an Inver Grove Heights bank last week told police it “was a joke,” court documents state.
Details >06/15/2023
Pandemic Fraud Is Really, Truly Not a Big Deal
Prospect
The media’s focus on waste misses key context, and ignores the stunning success of the lockdown-era welfare state.
Details >06/14/2023
Have you been getting scammy text messages?
FTC
If you get tons of scam text messages, you’re not alone. Lots of people have been reporting to the FTC that they’re getting texts from scammers impersonating people and organizations you know and trust — like your bank or companies like Amazon.
Details >06/14/2023
Brooklyn Center Man Sentenced to 30 Months in Prison for Insurance Fraud After Staging a Politically Motivated Arson Attack
United States Attorney's Office District of Minnesota
MINNEAPOLIS – A Brooklyn Center man was sentenced to 30 months in prison, followed by one year of supervised release and ordered to pay $3,850 in restitution and an $18,381 fine for filing fraudulent insurance claims for a staged arson, announced U.S. Attorney Andrew M. Luger.
Details >06/14/2023
Microsoft Patch Tuesday, June 2023 Edition
Krebs on Security
Microsoft Corp. today released software updates to fix dozens of security vulnerabilities in its Windows operating systems and other software.
Details >06/14/2023
Cases of check fraud escalate dramatically, with Americans warned not to mail checks if possible
WOKV Jacksonville
NEW YORK — (AP) — Check fraud is back in a big way, fueled by a rise in organized crime that is forcing small businesses and individuals to take additional safety measures or to avoid sending checks through the mail altogether.
Details >06/14/2023
Three suspects apprehended in Louisville in connection with Boulder bank robbery
Yahoo News
Jun. 12—Three suspects have been taken into custody by Louisville police in relation to a Boulder bank robbery that occurred Monday morning.
Details >06/14/2023
A Bank Robbery Was Foiled When The Getaway Car Is Stolen
Rock929
Sometimes life just isn’t fair. Alan Duncan, from Minnesota, traveled over to Chicago, reportedly with the master plan of robbing banks.
Details >06/14/2023
PCI DSS 4.0 Requirements – Protect from Malicious Software and Maintain Secure Systems and Software
FORTRA
We often hear how a company was compromised by a sophisticated attack. This characterization contains all the romantic thrill of a spy movie, but it is usually not how most companies are victimized.
Details >06/14/2023
ChatGPT and Data Privacy
FORTRA
In April 2023, German artist Boris Eldagsen won the open creative award for his photographic entry entitled, Pseudomnesia: The Electrician. But, the confusing part of the event for the judges and the audience was that he refused to receive the award.
Details >06/14/2023
Minding Your Data Leaks: Simple Steps to Help Prevent Leaks
FORTRA
If you mention data leakage to most people, they may think that it sounds like a problem for a plumber, but the phrase “data leak” has specific and troubling concerns for a business. Data leakage is a particular security threat, and there are many sources for data leaks.
Details >06/14/2023
Malware menaces Minecraft mods
FORTRA
If you, or your kids, are fans of Minecraft - you might be wise not to download any new mods of plugins for a while.
Details >06/12/2023
UBS completes Credit Suisse takeover. Here’s what it means
WSILTV.com
London (CNN) — UBS has finalized its emergency takeover of fallen rival Credit Suisse, creating a giant Swiss bank with nearly $1.7 trillion in assets in the biggest banking tie-up since the 2008 global financial crisis.
Details >06/12/2023
Bank robbery suspect robs second Brentwood bank in almost 2 weeks, police say
WSMV 4
NASHVILLE, Tenn. (WSMV) - Brentwood Police say a suspect has robbed a second bank in almost two weeks and are seeking the public’s help in identifying him.
Details >06/12/2023
Judge rejects late claim in massive bank fraud case involving Aaron Marshbanks
Nebraska Examiner
LINCOLN — A judge on Friday rejected an effort by a friend and partner of deceased businessman Aaron Marshbanks to file a late claim against the businessman’s estate, which is wrapped up in perhaps the largest case of bank fraud in state history.
Details >06/12/2023
Synthetic identity theft makes a serious threat even worse
Consumer Affairs
In its most recent reporting year, the Federal Trade Commission (FTC) counted 1.4 million cases of identity theft, in which a criminal assumes the victim’s identity and opens credit accounts in their name.
Details >06/12/2023
The Great Grift: How billions in COVID-19 relief aid was stolen or wasted
AP News
WASHINGTON (AP) — Much of the theft was brazen, even simple. Fraudsters used the Social Security numbers of dead people and federal prisoners to get unemployment checks. Cheaters collected those benefits in multiple states. And federal loan applicants weren’t cross-checked against a Treasury Department database that would have raised red flags about sketchy borrowers.
Details >06/12/2023
Providence Man Sentenced for Role in Counterfeit Check Scheme
United States Attorney's Office District of Rhode Island
PROVIDENCE – A Providence man who willingly participated in a bank fraud scheme that obtained the bank routing and account information of unsuspecting individuals, and later used that information to create and deposit counterfeit checks and withdraw funds, has been sentenced to two years in federal prison, announced United States Attorney Zachary A. Cunha.
Details >06/12/2023
Boulder police seek woman in U.S. Bank robbery
Colorado Hometown Weekly
A bank robbery occurred just after 11:30 this morning at the U.S. Bank at 1650 28th St., near Canyon Boulevard.
Details >06/12/2023
Hackers access sensitive student data from Minnesota Department of Education
Bring me the News
Nearly 100,000 Minnesota students might be impacted by a global cyber-security attack that impacted the Minnesota Department of Education this week, state officials announced Friday.
Details >06/11/2023
Live biometrics checks ‘the only way’ to prevent identity scams in finance
Biometric Update
In a recent podcast from PaymentsJournal, Micheal Sheehy, chief compliance officer at payments firm Payoneer, pointed to large-scale recent fraud cases such as the Equifax data breach, Covid unemployment scams, and PPP loans, saying that it has “really become obvious that the only way to prevent this fraud is a live biometric check.”
Details >06/11/2023
Consumer Identity and Access Management (IAM) Market Is in Huge Demand : Major Giants Mitek Systems, LexisNexis Risk Solutions, Ping Identity
Digital Journal
NJ New Jersey, USA -- (SBWIRE) -- 06/09/2023 -- Advance Market Analytics published a new research publication on "Consumer Identity and Access Management (IAM) Market Insights, to 2028" with 232 pages and enriched with self-explained Tables and charts in presentable format.
Details >06/11/2023
Digital Behavioral Fraud Gets Increasingly Personal
PYMNTS
Powered by technology like generative artificial intelligence (AI), behavioral-driven fraud is enjoying a modern renaissance.
Details >06/11/2023
Younger, more extroverted, and more agreeable individuals are more vulnerable to email phishing scams
PsyPost
New research published in Applied Cognitive Psychology suggests that the older you are, the less susceptible you are to phishing scams. In addition, highly extroverted and agreeable people are more susceptible to this style of cyber attack.
Details >06/11/2023
Sioux Falls man sentenced for August bank robbery
Fox Dakota News Now
SIOUX FALLS, S.D. (Dakota News Now) - A US District Judge has delivered a sentence for a Sioux Falls man who attempted to rob a bank last year.
Details >06/11/2023
Government Overreached in Identity Theft Case, Supreme Court Rules Unanimously
NTD
The Supreme Court limited the reach of the federal Identity Theft Penalty Enhancement Act, unanimously rebuffing the Biden administration’s efforts to prosecute a man already convicted of Medicaid fraud with a separate charge of aggravated identity theft arising out of the same fraud case.
Details >06/09/2023
Barracuda Urges Replacing — Not Patching — Its Email Security Gateways
Krebs on Security
It’s not often that a zero-day vulnerability causes a network security vendor to urge customers to physically remove and decommission an entire line of affected hardware — as opposed to just applying software updates.
Details >06/09/2023
FBI releases identity of attempted bank robber arrested by BSO in Dania Beach
7 News Miami
PEMBROKE PINES, FLA. (WSVN) - The Federal Bureau of Investigation released information on the identity of the man arrested by Broward Sheriff’s Office deputies in Dania Beach after Wednesday’s attempted bank robbery in Pembroke Pines.
Details >06/07/2023
Shoplifting arrest ends in busting identity theft scheme
The Daily World
What began as a simple arrest in Walmart in late February for shoplifting catapulted Aberdeen police down a rabbit hole as they investigated and got convictions on a man wanted for identity theft.
Details >06/07/2023
Social Security News: Protect yourself from identity theft
Times Herald
Identity theft affects millions of people each year and can cause serious harm. Protect yourself by securing your personal information, understanding the threat of identity theft, and exercising caution.
Details >06/07/2023
Service Rents Email Addresses for Account Signups
Krebs on Security
One of the most expensive aspects of any cybercriminal operation is the time and effort it takes to constantly create large numbers of new throwaway email accounts.
Details >06/07/2023
Cyber Attack Due to Malicious Open-source Package
Security Boulevard
Open-source tools and packages are an essential part of the modern software development ecosystem. They are widely used by developers to speed up the development process and reduce the amount of work required to build complex systems.
Details >06/07/2023
ChatGPT: Navigating the rising financial crime landscape in the digital age
Beta News
In-depth discussions with financial crime compliance decision makers from 10 leading U.S. financial institutions reveal that real-time digital payments, digital fraud, and cybercrime are the primary concerns for compliance teams in 2023.That said, there is a new player that has entered the scene and demands our attention: ChatGPT. It has the dual ability to help or hurt compliance and security teams.
Details >06/04/2023
Brookfield Landmark Credit Union check cashing fraud, woman sought
Fox 6 Milwaukee
BROOKFIELD, Wis. - Brookfield police are looking for a woman who tried cashing a check that did not belong to her.
Details >06/04/2023
Gen Z Consumers Give Banks Less Than a Passing Grade on Bank Authentication
PYMNTS
When consumers think about how secure their bank accounts are, that can trigger a powerful emotional response to what is ultimately a matter of bank-grade security.
Details >06/04/2023
Beware of fake government scheme! Free laptop offer scam circulating online, PIB Fact Check reveals
Live Mint
A fraudulent scheme is currently circulating on the internet under the guise of the Indian government. Scammers are spreading false information to users, claiming that the government of India is providing complimentary laptops to students.
Details >06/04/2023
Cyber security expert shares how to prevent summer travel scams
KENS5
AUSTIN, Texas — The summer travel season is upon us and scammers are coming up with ways to steal your money. Cybersecurity experts believe these travel scams are going to continue to grow as more people get back to traveling, which could cause billions of dollars in losses from fraud.
Details >06/04/2023
BBB warns of summer scams preying on job seekers, vacationers
ABC 7 Eyewitness News
CHICAGO (WLS) -- As summer approaches, scammers are turning up the heat to get to your money.
Details >06/02/2023
Delegated Authentication Helps Speed the Shift to Passwordless Future
PYMNTS
In a world where online commerce continues its inexorable rise, authentication and transaction processes have become more critical than ever.
Details >06/01/2023
Bank Robbery Update: New details emerge from Princeton heist
KTTN
More information has been released regarding the bank robbery in Princeton on May 19th.
Details >06/01/2023
Data Orchestration Can Beat Fraudsters at Their GPT Identity-Theft Games
PYMNTS
Financial fraud is growing faster and more sophisticated, making smart defense crucial for today’s organizations.
Details >05/31/2023
Capita cyber-attack: 90 organisations report data breaches
The Guardian
About 90 organisations have reported breaches of personal information held by Capita after the outsourcing group suffered a cyber-attack, Britain’s data watchdog has said.
Details >05/31/2023
$4 million food stamp fraud ring leads to 3 arrests in Michigan
MLive Michigan
LANSING, MI – Three Michiganders are under arrest in connection with a $4 million interstate food stamp fraud ring, Attorney General Dana Nessel announced Tuesday.
Details >05/31/2023
Discord Admins Hacked by Malicious Bookmarks
Krebs on Security
A number of Discord communities focused on cryptocurrency have been hacked this past month after their administrators were tricked into running malicious Javascript code disguised as a Web browser bookmark.
Details >05/31/2023
California man pleads guilty to $1.2M financial fraud scheme after HSI-led investigation
U.S. Immigration and Customs Enforcement
SANTA ANA, Calif. — A convicted felon from Orange County who used Instagram to teach his followers how to defraud banks pleaded guilty May 30 to conspiring with a bank employee and others to commit a check fraud scheme in which they sought $1.2 million.
Details >05/30/2023
Veterans Should Look Out for These Scams
Kiplinger.com
If you thought those Camp Lejeune liability ads all over TV are scams, well, the Veterans Administration says some may be. And this is just the latest in a line of scams directed at veterans.
Details >05/30/2023
MCNA Dental breach exposed nearly 9M people
Cybernews
MCNA, a US-based dental benefits manager, notified millions of clients about a data breach that exposed their government ID’s, Social Security numbers, and driver’s license details.
Details >05/30/2023
Man walks in on bank robbery, stops suspect with hug
KNOP News 2
WOODLAND, Calif. (KCRA) - Police say a customer at a California bank convinced a would-be robber to walk away. He didn’t use a weapon or physical restraint to do it – just empathy.
Details >05/30/2023
Rush City Woman Pleads Guilty to $1.8 Million Scheme Involving Romance Fraud and Federal Pandemic Programs
U.S. Attorney's Office District of Minnesota
MINNEAPOLIS – A Rush City woman has pleaded guilty to mail fraud after participating in multiple schemes that defrauded individuals throughout the United States, announced U.S. Attorney Andrew M. Luger.
Details >05/30/2023
Two Minneapolis Men Plead Guilty to Armed Carjacking
U.S. Attorney's Office District of Minnesota
ST PAUL, Minn. – Two Minneapolis men have pleaded guilty to carjacking, kidnapping, and holding a victim at gunpoint for several hours, announced U.S. Attorney Andrew M. Luger.
Details >05/26/2023
Bank’s Best Customers Now Willing to Trade Convenience for Security
PYMNTS
Fueled by rising digital threats, security stands top of mind for retail banking customers. Nearly 7 in 10 worry about their personal and financial data vulnerability when engaging with online financial services.
Details >05/26/2023
Phishing Domains Tanked After Meta Sued Freenom
Krebs on Security
The number of phishing websites tied to domain name registrar Freenom dropped precipitously in the months surrounding a recent lawsuit from social networking giant Meta, which alleged the free domain name provider has a long history of ignoring abuse complaints about phishing websites while monetizing traffic to those abusive domains.
Details >05/25/2023
AT&T resolves issue that would allow account takeover through ZIP code and phone number
The Record
AT&T recently fixed a vulnerability that would have allowed anyone to take over someone’s account on ATT.com just by knowing their phone number and ZIP code.
Details >05/25/2023
Senior News: Carry only essentials to help avoid identity theft
Columbia Gorge News
With identity theft rampant, identity fraud cost 40 million Americans a combined $43 billion in 2022, according to an AARP-sponsored report from Javelin Strategy & Research. One safeguard is to keep only the essentials in your pocket or purse.
Details >05/24/2023
Dish confirms cyber attack impacting 300,000 employees
Info Tech Lead
US-based satellite television giant Dish has confirmed that hackers stole the personal information of about 300,000 employees in a ransomware attack in February, TechCrunch reported.
Details >05/24/2023
The timeline: Records show the immediate aftermath of the cyber attack on Rochester Public Schools
Post Bulletin
Although the district initially shut everything on its network down, it soon after restored email access to the district's top administration.
Details >05/23/2023
Father and son sentenced for decadelong, $20 million lottery fraud scheme
AP News
BOSTON (AP) — A father and son from Massachusetts have both been sent to prison for running an elaborate lottery fraud scheme designed to enrich themselves and help prize winners avoid paying taxes on their windfall, prosecutors said.
Details >05/23/2023
Rush City Woman Pleads Guilty to $1.8 Million Scheme Involving Romance Fraud and Federal Pandemic Programs
US Attorney's Office District of Minnesota
MINNEAPOLIS – A Rush City woman has pleaded guilty to mail fraud after participating in multiple schemes that defrauded individuals throughout the United States, announced U.S. Attorney Andrew M. Luger.
Details >05/23/2023
Scammers are hijacking job ads. Here’s how to spot the fakes
FTC
Scammers are taking outdated ads from real employers, changing them, and
Details >05/19/2023
Re-Victimization from Police-Auctioned Cell Phones
Krebs on Security
Countless smartphones seized in arrests and searches by police forces across the United States are being auctioned online without first having the data on them erased, a practice that can lead to crime victims being re-victimized, a new study found.
Details >05/19/2023
Russian Hacker “Wazawaka” Indicted for Ransomware
Krebs on Security
A Russian man identified by KrebsOnSecurity in January 2022 as a prolific and vocal member of several top ransomware groups was the subject of two indictments unsealed by the Justice Department today. U.S. prosecutors say Mikhail Pavolovich Matveev, a.k.a. “Wazawaka” and “Boriselcin” worked with three different ransomware gangs that extorted hundreds of millions of dollars from companies, schools, hospitals and government agencies.
Details >05/19/2023
Duluth Man Pleads Guilty to Wire Fraud for Operating Fraudulent Law Firm
United States Attorney's Office District of Minnesota
MINNEAPOLIS – A Duluth man has pleaded guilty to wire fraud after pretending to operate a law firm and defrauding an individual out of thousands of dollars in legal fees, announced U.S. Attorney Andrew M. Luger.
Details >05/19/2023
More than 1M tax returns flagged for potential identity fraud: IRS
The Hill
More than 1 million tax returns have been flagged for potential identity fraud with more than $6 billion in refunds requiring additional review, according to the IRS.
Details >05/19/2023
USPS focuses on fraud, employee safety
Minot Daily News
WASHINGTON — The United States Postal Service and United States Postal Inspection Service have announced expanded actions to protect postal employees and the security of the nation’s mail and packages as threats and attacks on letter carriers and mail fraud incidents have escalated with a national rise in crime.
Details >05/19/2023
Scam Alert: Fake advanced pay checks from fake FBI email
Wach Fox 57
NEWBERRY COUNTY, S.C. (WACH) — Newberry County officials are warning people of an alleged check scam using legitimate companies, and a fake FBI Gmail account.
Details >05/19/2023
Police: Robbers steal ATM from Chase bank in southwest Miami-Dade
Local 10 - Miami
MIAMI-DADE COUNTY, Fla. – A pair of robbers are on the run on Thursday morning after stealing an ATM from a bank in southwest Miami-Dade.
Details >05/19/2023
Open Banking Needs Regulatory Nod to Boost Real-Time Payments
PYMNTS
Open banking and instant payments are two of the most exciting trends in digital banking today. Both of these services improve the financial lifestyles of consumers and businesses.
Details >05/19/2023
Investment scam targeting WeChat groups
FTC
A so-called investment opportunity reportedly took the social media platform WeChat by storm — and stole millions from the Chinese community in the U.S. A flurry of social media posts urged people to “invest” in various household goods and electronics, promising returns of 20-40% in 1-3 months. But it was really a scam. Want to know how to spot it?
Details >05/19/2023
Avoiding scams that target immigrants
FTC
When there are big changes that lead to confusion, scammers prosper. Pretty much always.
Details >05/16/2023
Protecting our digitally-connected world is a top priority and focus of the FBI.
IC3.gov
Between staying connected with family and friends, shopping and banking online, and working remotely, we all depend on security in our interconnected digital world.
Details >05/16/2023
Elderly Woman Allegedly Robs New Orleans Bank: ‘Your Bank is Being Robbed’
Breit Bart
An elderly woman with a walker approached the teller at a Chase Bank branch in New Orleans, Louisiana, apparently with one goal in mind: She was going to rob the bank.
Details >05/15/2023
United States Postal Service announces new security measures to address increase in mail theft
CBS Texas
DALLAS (CBSNewsTexas.com) – Stolen mail, check fraud and attacks on letter carriers – the U.S. Postal Service has seen enough and that why it has announced new security measures to hopefully address an increase in all three of those crimes.
Details >05/15/2023
Minnesota man pleads guilty in $19 million organic crops fraud scheme
Fox 9 KMSP
MINNEAPOLIS (AP) - A Minnesota man pleaded guilty to selling conventionally grown crops as certified organic produce in a scheme the federal prosecutors said brought in $19 million in profits.
Details >05/15/2023
Bad bots are coming for APIs
Help Net Security
In 2022, 47.4% of all internet traffic came from bots, a 5.1% increase over the previous year, according to Imperva. The proportion of human traffic (52.6%) decreased to its lowest level in eight years.
Details >05/15/2023
CFPB Issues Guidance to Rein in Creation of Fake Accounts to Harvest Fees
CFPB
New circular addresses illegal “reopening” of deposit accounts that can hit consumers with junk fees
Details >05/15/2023
As the Dark Web Turns Darker, Mitek And DarkTower Partner to Combat Fraud And ID Theft
Digital Transactions
Mitek Systems Inc., a provider of identity-verification technology, is teaming up with DarkTower, the cyber-intelligence division of Davidson, N.C.-based IT consultancy Queen Associates, to combat account fraud and identity theft.
Details >05/15/2023
Criminal Marketplaces Provide Gateway to Rising Account Fraud and Identity Theft
Business Wire
SAN DIEGO--(BUSINESS WIRE)--The amount of check fraud and identity theft-related crimes emerging from online criminal marketplaces continue to rise. Today, Mitek (NASDAQ: MITK) announced its partnership with DarkTower, a cyber intelligence research company, to address the growing threat. During the first quarter of 2023 alone, the Federal Trade Commission recorded nearly $2 billion in losses from more than 750,000 reports of fraud and identity theft.
Details >05/12/2023
Putting Scams Out of Business
The Federal Reserve FedPayments Improvement
Scams targeting consumers and businesses have become increasingly prevalent in recent years. There’s also been a groundswell of attention to the problem. However, the clear consensus among government entities, financial institutions, technology providers and other organizations is that we can do much more to address scams.
Details >05/11/2023
How To Protect The Hospitality Industry From The Growing Fraud Threat
Forbes
Cybercriminals target various industries, such as healthcare, banking and e-commerce platforms, to steal sensitive information and commit fraud in other industries, including hospitality.
Details >05/11/2023
Identity Theft Resource Center and LexisNexis Risk Solutions Study Highlights Consumer, ID Crime Victim, and Government Executive Views of Identity Verification
Yahoo Life
Sixty-three percent of surveyed government executives say their agency has returned to experiencing pre-pandemic levels of identity fraud
Details >05/11/2023
Ripple Makes Case for Crypto B2B Payments
PYMNTS
Cryptocurrency’s shiny object appeal has been dulled by ongoing industry turmoil and regulatory scrutiny.
Details >05/11/2023
Real-time Payments and APP Fraud Emerging Globally According to New Aite-Novarica Group and Outseer Report
Social News XYZ
Outseer, a leading provider of digital fraud prevention and customer authentication solutions, announced today the availability of new global research conducted by the Aite-Novarica Group focused on global trends in real-time payments (RTP) and associated fraud.
Details >05/11/2023
National Technology Day: Trends of increasing cyber attacks, warns Prof, SK Shukla
HITech
Today is the National Technology day.
Details >05/08/2023
Cybersecurity for Small Businesses: How to Protect Your Company on a Budget
FORTRA
As a small business owner, you wear many hats. You're the CEO, the accountant, the salesperson, and the HR manager.
Details >05/08/2023
Banking Failures Must be a Wake-up Call for Regulatory Modernization, Says Cross River Bank CEO
PYMNTS
The recent collapses of tech-friendly banks, including Silicon Valley Bank (SVB), Signature Bank, Silvergate Bank and First Republic Bank, have rightly caused a global conversation about the future of banking, and even more so, of financial services.
Details >05/04/2023
Illinois woman charged 3 years after discovery of more than 200 identity theft attempts
KAAL TV 6
(ABC 6 News) – An Illinois woman was charged with identity theft and receiving stolen property almost three years after Rochester police found identifying documents for more than 200 people and businesses in her hotel room.
Details >05/04/2023
Feds: Michigan UIA contractor steals more than $550K in fraud, identity theft
CBS News
(CBS DETROIT) - A contract worker with the Michigan Unemployment Insurance Agency pleaded guilty to stealing more than $550,000 in fraud and identity theft.
Details >05/04/2023
The Identity Theft Protection Services Market are Projected To Reach USD 31.98 billion By 2030, From USD 11.45 billion in 2022,Registering a CAGR Of 13.70% During The Forecast Period 2023-2030| Data B
Yahoo
According to a market research study published by Contrive Datum Insights Identity theft insurance is a form of insurance policy that provides victims of identity theft with financial protection. Identity theft occurs when thieves use personal information such as an address, a social security number, date of birth, telephone numbers, bank account numbers, credit card numbers, and passwords to commit fraud such as opening fake accounts, applying for loans, making expensive purchases, and draining users' bank accounts.
Details >05/03/2023
Credit card debt relief that isn’t
FTC
Say you’re struggling to pay off your credits cards — which is already difficult with high interest rates — and you hear about a company that promises to reduce or eliminate your credit card debt for a fee. Sounds great, right? But how can you tell if that offer is legitimate or a scam?
Details >05/02/2023
China has 50 hackers for every FBI cyber agent, says Bureau boss
The Register
China has 50 hackers for every one of the FBI's cyber-centric agents, the Bureau's director told a congressional committee last week.
Details >05/02/2023
Russian Hackers Killnet Executed a Cyber Attack on European Air Traffic Control Agency Eurocontrol
CPO Magazine
A pro-Russian hacking group has carried out a cyber attack on Europe’s air traffic control agency. Eurocontrol said the attack by Russian hacking group Killnet affected its website but did disrupt flights or pose any threat to air traffic.
Details >05/02/2023
Google Blocks 1.43 Million Malicious Apps, Bans 173,000 Bad Accounts in 2022
The Hacker News
Google disclosed that its improved security features and app review processes helped it block 1.43 million bad apps from being published to the Play Store in 2022.
Details >05/02/2023
Houston man sentenced to prison for $3 million PPP loan fraud
Houston 2
Scott Jackson Davis used the PPP loan money to fly on private jets, purchase luxury cars, jewelry and more, according to authorities.
Details >05/01/2023
Are scams affecting your community?
FTC
This month and all year long, we join the nation in honoring the cultures and many contributions of Asian American, Native Hawaiian, and Pacific Islander (AA and NHPI) individuals and communities.
Details >04/24/2023
Scams: A Growing and Costly Problem
The Federal Reserve FedPayments Improvement
Scams are increasingly in the news – along with astonishing estimates of the resulting losses and number of people affected. In 2022 alone, the Federal Trade Commission (FTC) reported consumers lost nearly $8.8 billion to scams (Off-site) – a 35% increase from 2021 – despite receiving half a million (19%) fewer reports of scams.
Details >04/22/2023
Giving a Face to the Malware Proxy Service ‘Faceless’
Krebs On Security
For the past seven years, a malware-based proxy service known as “Faceless” has sold anonymity to countless cybercriminals.
Details >04/22/2023
Our family's identity was stolen. Then it happened again.
GoErie
For as long as my wife and I have been married, I've been able to rattle off her Social Security number. It's a convenient thing to know, allowing me to fill out paperwork until she's there to sign her name to whatever document called for the number.
Details >04/22/2023
Velazquez pleads guilty to federal bank robbery charge
Bismarck Tribune
A Bismarck man who authorities say took more than $2,600 from a Wells Fargo bank has pleaded guilty to a federal bank robbery charge.
Details >04/22/2023
3CX Breach Was a Double Supply Chain Compromise
Krebs on Security
We learned some remarkable new details this week about the recent supply-chain attack on VoIP software provider 3CX.
Details >04/22/2023
Capita Warns Customer Data May Have Been Stolen in Cyber Attack
Insurance Journal
Capita Plc, one of the UK’s biggest outsourcing companies, said that customer data may have been stolen during a recent cyberattack.
Details >04/22/2023
A woman took a job at a Florida post office. Then $70,000 disappeared, police say
Yahoo News
A Bradenton-area postal worker is accused of stealing over $70,000 by taking checks from the mail and depositing them into her own bank account, the Sarasota Police Department said Friday.
Details >04/22/2023
Florida man accused of taking hostages during attempted armed robbery in Lake County
Fox 35 Orlando
EUSTIS, Fla. - A Florida man was arrested Friday for an attempted armed robbery at a business in Eustis, according to authorities, which prompted a hostage situation.
Details >04/22/2023
Phoenix sergeant shoots armed bank robber firing at police helicopter
AZ Family
PHOENIX (3TV/CBS 5) — An armed bank robber is in the hospital after being shot by a sergeant in north Phoenix on Thursday afternoon. Around 3 p.m., police were called out to an armed robbery at a bank near 7th Street and Thunderbird Road.
Details >04/22/2023
Cyber attack will keep area casinos closed throughout weekend
Bradford Today
Official could not put dollar figure on impact of shutdown and could not provide details of what needs to be done to restore IT system.
Details >04/22/2023
Montana State University students react to cyberattack
KBZK 7
BOZEMAN — Montana State University reported a cyberattack on Thursday, April 20. Students shared their thoughts on the security breach and shared who they think could possibly be behind it.
Details >04/20/2023
FTC warns that AI technology like ChatGPT could ‘turbocharge’ fraud
TechCrunch
In a Congressional hearing on Tuesday focused on the Federal Trade Commission’s work to protect American consumers from fraud and other deceptive practices, FTC chair Lina Khan and fellow commissioners warned House representatives of the potential for modern AI technologies, like ChatGPT, to be used to “turbocharge” fraud.
Details >04/20/2023
ROSEVILLE PD: RISKS OF MAILING CHECKS AND HOW TO AVOID CHECK SCAMS
Roseville Today
Roseville, Calif.- Writing checks and mailing them has declined in recent years as the option to pay bills online has become more common.
Details >04/20/2023
Fighting Password Fatigue Means Retiring Passwords for Good
CPO Magazine
Identity has become enterprises’ greatest security and financial vulnerability in 2023, and it’s time to reevaluate the status quo approach.
Details >Alerts
Alerts
The FRPA alert system distinguishes us from other groups by gathering and providing information to law enforcement, retailers AND financial institutions.
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Resources
Your electronic library to help in fighting financial fraud for all of our partners.
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