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The disguised apps use WebView automation, JavaScript injection, and OTP interception to avoid detection and complete fraudulent subscriptions.
The holiday season compresses risk into a short, high-stakes window. Systems run hot, teams run lean, and attackers time automated campaigns to get maximum return. Multiple industry threat reports show that bot-driven fraud, credential stuffing and account takeover attempts intensify around peak shopping events, especially the weeks around Black Friday and Christmas. Why holiday peaks
Vigilance Cyber Security's Moriah Hara on AI Automation and Responsible AIMohira Hara, CISO and AI security, risk and governance consultant at Vigilance Cyber Security, says AI is reshaping financial services by accelerating anti-money laundering efforts, automating SOC functions and driving stronger governance frameworks that make CISOs central to managing AI risk.
A new Android malware called RatOn evolved from a basic tool capable of conducting Near Field Communication (NFC) attacks to a sophisticated remote access trojan with Automated Transfer System (ATS) capabilities to conduct device fraud
ACI Worldwide's Cleber Martins on Why Banks Need to Lead on AI Identity GovernanceThe rise of agentic commerce is forcing the financial sector to reconsider traditional fraud controls. While automated transactions may follow all technical authorizations, agentic AI tools still lack an understanding of user intent. That disconnect could lead to a surge in first-party fraud.
US Faster Payments Council's Peter Tapling on Automated Agentic AI CommerceAI agents can trigger transactions customers never intended. With traditional payment rules failing to address bot-driven decisions, financial institutions must rethink how they assess fraud, dispute resolution and transaction monitoring in the age of agentic AI commerce.
Within months of implementing anti-fraud measures and automation, Texas National Bank prevented more than $300,000 in check fraud.
Deal Adds Live Fraud Red Teaming, Adversarial Testing to Neovera's Cyber PortfolioNeovera has acquired Greenway Solutions, a Charlotte-based fraud red-teaming vendor serving top banks, to expand its cyber capabilities. The Washington D.C.-area services provider plans to tailor services for community banks and credit unions using automation and selective testing.
Arbitrage betting fraud rises, forcing bookmakers to adopt stricter measures against automated scams
Acquisitions, AI and Emerging Threats Define Strategy for Recorded Future, GoogleFrom Google's $5.4 billion acquisition of Mandiant to Recorded Future's fraud insights following Mastercard's $2.65 billion purchase, threat intelligence vendors are innovating with AI and are focused on operationalizing their data through automation and managed services.
Experts Weigh the Pros and Cons of Work Culture and Merging AML and Fraud TeamsA recent report found that more than 57,000 Americans fall victim to scams every day. Financial fraud is rising globally. In response, the National Automated Clearinghouse Association is pushing for real-time fraud monitoring by 2026, requiring closer collaboration between fraud and AML teams.
New capability streamlines automated testing of cybersecurity and anti-fraud features in android and iOS apps in virtual and cloud testing suites.
A credit card stealing service is growing in popularity, allowing any low-skilled threat actors an easy and automated way to get started in the world of financial fraud. [...]