Latest cybersecurity reporting from selected sources.

Also: ZachXBT Uncovers DPRK Worker Scam, Hyperbridge Hack, Coinone FineThis week, Operation Atlantic disrupts $45M phishing fraud, ZachXBT uncovers DPRK crypto worker scheme, Hyperbridge exploit, South Korea fines Coinone $3.5M, Kraken faces extortion attempt over insider data leak and American musician loses $420K in fake Ledger app.

Real-Time Payments, AI-Led Exploits Are Exposing Flaws Fraud Detection Can't CatchFor years, fraud prevention has followed a familiar script. A transaction is initiated. A model evaluates it. Fraud still gets detected as it happens or after it occurs. But this model is breaking down with the rise of instant payments and artificial intelligence tools.

Cybersecurity researchers have unmasked a novel ad fraud scheme that has been found to leverage search engine poisoning (SEO) techniques and artificial intelligence (AI)-generated content to push deceptive news stories into Google's Discover feed and trick users into enabling persistent browser notifications that lead to scareware and financial scams

Report Reveals Growing Trend of Fraudsters Intercepting SMS-Based VerificationFinancial institutions have historically relied on one-time passcodes as a primary authentication control for their accountholders. But OTP verification is less reliable as fraudsters increasingly exploit SMS-based verification weaknesses to carry out account takeover and payment fraud schemes.

Also, Lloyds Data Leak, Dutch Treasury Breach, Citrix Bug Exploit, Pay2Key ActivityThis week, Lloyds data leak hits 450K, Dutch treasury breach, Citrix flaw exploited, Iran-linked ransomware ops, TrueConf zero-day, Russian fraud ring sentenced, Romania targeted, patch gaps persist, and U.S. hospital breach affects 257K.

Threat actors are exploiting vacant homes as "drop addresses" to intercept mail and enable fraud. Flare shows how postal services and fake identities are abused to turn mail into a fraud vector. [...]

Refund fraud is now a business, with methods and tutorials sold to exploit return policies for profit. Flare shows how fraudsters turn refunds and chargebacks into a repeatable profit model. [...]

The latest executive order pushes Washington to crack down on cyber fraud, but a different mandate eases software security accountability, leaving an inconsistent strategy that keeps the attack surface cheap to exploit. The post If consequences matter, they should apply to vendors, too appeared first on CyberScoop.

The OpenID Foundation warns that fragmented policies on posthumous digital accounts could open the door for fraudsters to exploit AI deepfakes

Also: $7M Saga and $5M Makina Finance ExploitsThis week, South Korea dismantled a $102 million money laundering ring, Saga paused SagaEVM after a $7 million exploit, Makina Finance lost $5 million, a Utah man sentenced to three years for fraud and illegal cash conversion and a software flaw let traders win ethereum transaction auctions for free.

Also: Samourai Wallet Founder Sentenced, $128M Balancer Hack Post-MortemThis week, "Bitcoin Queen" sentenced, as was Samourai Wallet co-founder Keonne Rodriguez, Balancer hack post-mortem, Coinbase's 21 million euro fine, mistrial in $25 Million Ethereum exploit case. Spanish authorities detained a crypto influencer and accused the United States of a crypto heist.

Also: SBF Appeals Conviction, PHP Exploits Fuel CryptominingEvery week, Information Security Media Group rounds up cybersecurity incidents in digital assets. This week, Europol's 600 million euro fraud network bust, Sam Bankman-Fried conviction appeal, PHP exploits fueled cryptomining campaigns and sentencing set for Samourai Wallet founders.

Cybersecurity researchers have shed light on a cybercriminal group called Jingle Thief that has been observed targeting cloud environments associated with organizations in the retail and consumer services sectors for gift card fraud

Also: Man Denied Bankruptcy Discharge Over $12.5M Crypto Ponzi DebtsU.S. sanctions Iranian shadow banking network, Texas man denied bankruptcy discharge, Nemo blames $2.6M exploit on developer errors, THORChain founder hacked, Shibarium Bridge hit by $2.4M hack, Denver court rules pastor's $3.3M project a fraud and NYDFS tells banks to use blockchain analytics.

A massive ad fraud and click fraud operation dubbed SlopAds ran a cluster of 224 apps, collectively attracting 38 million downloads across 228 countries and territories

Power doesn’t just disappear in one big breach. It slips away in the small stuff—a patch that’s missed, a setting that’s wrong, a system no one is watching. Security usually doesn’t fail all at once; it breaks slowly, then suddenly. Staying safe isn’t about knowing everything—it’s about acting fast and clear before problems pile up. Clarity keeps control. Hesitation creates risk

Also: Trump Signs Pro-Crypto EO, Credix Disappears After $4.5M HackEvery week, Information Security Media Group rounds up cybersecurity incidents in digital assets. This week, includes Do Kwon's guilty plea, Trump's crypto-linked executive order, Credix's post-hack disappearance, $7M Odin.fun exploit and hackers using fake Firefox crypto wallet extensions for theft.

Cybersecurity researchers have disclosed a new Android trojan called PhantomCard that abuses near-field communication (NFC) to conduct relay attacks for facilitating fraudulent transactions in attacks targeting banking customers in Brazil

Also: Samourai Wallet Co-Founders' Guilty Plea, Coinbase Loss From Data TheftThis week, Tornado Cash co-founder convicted, Samourai Wallet guilty plea, Coinbase insider data theft, a U.S. court overturned an OpenSea executive's fraud conviction, AI-written malware stole crypto, Credix exploit, CZ sought dismissal of FTX claim, July hacks and a FinCEN crypto ATM warning.

Apple on Tuesday revealed that it prevented over $9 billion in fraudulent transactions in the last five years, including more than $2 billion in 2024 alone