Stay informed on the latest in information security with updates on fraud prevention, detection techniques, and cyber fraud trends.
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Background for this topic.
Fraud is intentional deception used to obtain money, access, information, or another unfair benefit. In information security, the term commonly covers digitally enabled schemes such as phishing, account takeover, payment fraud, business email compromise, and misuse of stolen identities or credentials. The defining feature is deceptive use of systems, accounts, or data—not merely a technical failure.
Security teams should treat fraud as both an identity and transaction-risk problem. Relevant controls include phishing-resistant authentication, least-privilege access, payment and account-change verification, and monitoring for unusual login or transaction patterns. Personal and financial data require appropriate privacy protections because exposed data can support impersonation even when passwords are not compromised. Investigation must preserve authentication, email, endpoint, and transaction records so organizations can contain unauthorized access, reverse or block fraudulent activity where possible, notify affected parties, and improve controls based on the attack path.
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GAO: SSA Fails to Meet Industry and Federal Electronic Verification System GoalsThe Social Security Administration is facing criticism for failing to update its fraud prevention technology, leaving financial institutions and federal authorities at risk of missing synthetic identity scams, according to a new Government Accountability Office report.
WestCap-Led Funding to Drive Click-Fraud Protection, Ad Integrity ExpansionHuman Security's recent $50 million growth funding, led by WestCap, will drive the development of click-fraud defense and enhance advertising integrity solutions. CEO Stu Solomon aims to leverage the funding for scaling the engineering and data science teams, addressing emerging fraud threats.
Stolen Data Includes Social Security Numbers and Details of Criminal InvestigationsMoneyGram Payment Systems, a Dallas-based money transfer system, said hackers who hit its infrastructure last month stole customer data, including contact details, Social Security numbers and information pertaining to criminal fraud investigations.
Settlement Addresses Claims of False Revenue Forecasts, Investor MisrepresentationIronNet and several former executives agreed to a $6.6 million settlement, ending a class action lawsuit accusing the company of misleading investors with inflated revenue projections. The settlement aims to provide relief for investors misled by allegedly inaccurate revenue projections.
DHS Says Adversaries May Stoke Voter Fraud Fears Long After Election DayThe latest Homeland Security threat assessment lists this year’s election cycle as a top concern for 2025 and a potential trigger for domestic terrorism. The agency says foreign adversaries and violent extremists may take advantage of the outcome to further sow discord in the United States.