Latest cybersecurity reporting from selected sources.

Telegram-Based Market Is Exploiting Gaps in US Tracking of Departed Visa HoldersA Russian darknet marketplace is exploiting a major blind spot for U.S. financial institutions by trafficking in the identities of former legal immigrants. Telegram-based group Karma Fullz has built a profitable criminal enterprise with highly convincing synthetic identities.

The Payments Giant Is Creating Digital Rails for Secure, AI-Driven CommerceVisa is doubling down on both B2C and B2B agentic AI use cases. Early experiments focus on automating repetitive, trust-sensitive financial tasks, but the company is rapidly expanding into more sophisticated scenarios, positioning itself at the center of the next major shift in global payments.

Attack Combines Social Engineering and Card Emulation to Execute Real-Time TheftHackers are using Chinese-speaking Android malware-as-a-service SuperCard X to carry out near-field communication relay attacks, siphoning payment card data and executing live point of sale and ATM transactions. Victims receive spoofed SMS or WhatsApp alerts purporting to originate from their bank.

Featurespace's AI Expertise Will Enhance Visa's Fraud, Risk and Payments TechnologyVisa has signed a definitive agreement to acquire AI-driven fraud prevention leader Featurespace. This acquisition will reinforce Visa's fraud detection capabilities, integrating advanced machine learning technology to strengthen financial crime prevention and protect global transactions.

Fraud Experts Share Challenges and Solutions for Managing Customer-Driven LossesBanks lose tens of billions of dollars every year to credit card fraud, bad checks and intentional loan defaults, but the main culprits are not third-party scammers. Most of these crimes are being committed by the bank's customers, making detection and prevention a formidable challenge.

BioCatch's Seth Ruden on How Defenders Can Keep Up With Evolving Fraud ScamsFirst-party fraudsters have shifted their focus from credit card fraud to deposit scams. In this evolving threat environment, financial institutions face new challenges from the increased use of synthetic identities and the difficulties in classifying first-party fraud, said BioCatch's Seth Ruden.