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Latest coverage for Fraud

Stay informed on the latest in information security with updates on fraud prevention, detection techniques, and cyber fraud trends.

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Fraud is the deliberate deception to secure unfair or unlawful gain, or to deprive a victim of a legal right. In the realm of information security, fraud involves manipulating digital systems or data, or exploiting weaknesses in cybersecurity measures, to carry out dishonest acts. These can include activities such as identity theft, phishing scams, credit card fraud, and various types of financial manipulation aimed at stealing money, information, or both.

Fraud thrives in the digital age due to the vast amount of personal and financial data available online. Cybercriminals employ sophisticated techniques to access sensitive information, often breaching security protocols and exploiting human vulnerabilities through social engineering. Information security measures are crucial in detecting, preventing, and responding to fraudulent activities to protect individuals and organizations from financial and reputational harm.

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Ukrainian national Oleksii Lytvynenko pleaded guilty in the U.S. for his role in Conti ransomware attacks targeting victims worldwide. Oleksii Oleksiyovych Lytvynenko (44), a Ukrainian national extradited from Ireland to the U.S., has pleaded guilty to conspiracy to commit wire fraud for his involvement in the Conti ransomware operation. Prosecutors said he helped conduct attacks […]