Latest cybersecurity reporting from selected sources.

15-year-old among six arrested after Dutch cops target suspected bank fraud call center

They cleverly mimic most traits of a real phone Smartphones have fast become the basis of our digital identities, securing payment systems and bank accounts. Now virtual devices that pretend to be real handsets have become a key tool for financial scammers, according to one company. …

Interpol says fraud schemes using the tech are 4.5x more profitable AI is apparently good for the bottom line if your business is crime. Financial fraud schemes carried out with the help of artificial intelligence are 4.5 times more profitable than those that aren't enhanced, according to Interpol's latest estimates.…

No fraud monitoring and no apology after miscreants make off with medical, financial data Florida-based Doctors Imaging Group has admitted that the sensitive medical and financial data of 171,862 patients was stolen during the course of a November 2024 cyberattack.…

PLUS: Kryptos solution up for auction; Canadian parliament springs a leak; Fake crypto lawyers; And more Infosec In Brief New York State is suing bank-owned peer-to-peer payment app Zelle, claiming that the banks behind it knew fraud was rampant on the platform but allowed scammers to conduct business with impunity.…

Lone Star State drivers with accident records need to be careful about fraud The Texas Department of Transportation says a compromised user account was used to improperly download nearly 300,000 crash reports, exposing personal data that could be exploited for financial fraud against Lone Star drivers.…

Weapons-grade fuel for fraud Insight Partners, a mega venture capital firm with more than $90 billion in funds under management, fears network intruders got their hands on internal sensitive data about employees, portfolio companies, investors, and more.…

Made up revenue and pretended to use non-existent data The former CEO of Kubient, an advertising tech company that developed a cloudy product capable of detecting fraudulent ads, has been jailed for fraud.…

Phishers check in, your credentials check out, Microsoft warns An ongoing phishing campaign disguised as a Booking.com email casts keystroke and credential-stealing malware into hospitality employees' inboxes for financial fraud and theft, according to Microsoft Threat Intelligence.…

FBI recovers just $8M after scam crashes Heartland Tri-State Bank The FBI has recovered $8 million in funds from a cryptocurrency scam that netted $47 million and devastated the Kansas city of Elkhart.…

ATMs paid customers thousands ... and now the bank wants its money back JPMorgan Chase has begun suing fraudsters who allegedly stole thousands of dollars from the bank's ATMs after a check fraud glitch went viral on social media.…

Access to account info needed to tackle benefit fraud, latest bill claims Privacy campaigners are criticizing UK proposals to force banks to share data from the accounts of government benefit claimants, saying the ploy amounts to "a financial snoopers' charter targeted to automate suspicion."…

Narco kingpins aren't coming for your apes, but internet con artists still are The US Treasury Department has assessed the risk of non-fungible tokens (NFTs) being used for illicit finance, and has found them wanting for lack of proper roadblocks preventing illegal applications.…

Latest figures paint grim picture of how viciously the elderly are targeted The FBI says investment fraud was the form of cybercrime that incurred the greatest financial loss for Americans last year.…

More than 5,000 victims claimed over a 3-year period but filing reckons accused didn't even use a VPN A Baltimore man faces a potential maximum 20-year prison sentence after being charged for his alleged role in running an online service that sold personal data which was later used for financial fraud.…

75 collars felt, $1.2m seized in bid to cut off crime network’s financial lifeline Interpol arrested 75 suspected members of the Black Axe West African crime syndicate, and intercepted over $1 million in various bank accounts as part of a wide-ranging multi-country operation aimed at thwarting the group's cyber-fraud efforts that fund its criminal operations.…

Loose access to production systems, out of date software, and more claimed Twitter's former security chief Peiter "Mudge" Zatko accused the company and its board of directors of violating financial rules, of fraud, and of grossly neglecting its security obligations in a complaint to the US Securities & Exchange Commission, the Federal Trade Commission, and the US Justice Department last month.…

Fraudster and two alleged accomplices nabbed in joint op An Interpol-led operation code-named Killer Bee has led to the arrest and conviction of a Nigerian man who was said to have used a remote access trojan (RAT) to reroute financial transactions and steal corporate credentials. Two suspected accomplices were also nabbed.…

Tesla, Porche, jewelry, bags, purses, watches, the whole works A now-former HP finance planning manager pleaded guilty on Wednesday to charges of wire fraud, money laundering, and filing false tax returns that follow from the misappropriation of company funds.…