Five Charged in “Russian Coms” Fraud Platform Case
Five UK residents have been charged in relation to supplying Russian Coms fraud devices and apps
Stay informed on the latest in information security with updates on fraud prevention, detection techniques, and cyber fraud trends.
Search across headline titles and summaries.
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.
Weekly headline count for the current query.
Five UK residents have been charged in relation to supplying Russian Coms fraud devices and apps
Report Fraud data reveals that more than half of 323 UK ransomware victims last year were SMEs
Nisos infiltrated a North Korean IT-worker fraud cell running on AI interviews and a US laptop farm
Rokarolla Android trojan steals banking logins and spies on victims while blocking fraud alerts
Total figure for fraudulent transactions Apple has blocked since 2020 now stands at over $11bn
European police arrested 10 suspects after dismantling Albanian scam call centers linked to a €50m ($58m) online investment fraud operation
US sanctions target Cambodian scam networks tied to crypto fraud and trafficking
NGate malware abuses HandyPay app to steal NFC card data and PINs in Brazil
Triad Nexus scales $200m scams, uses infrastructure laundering, localized fraud and US-access blocks
The W3LL phishing kit has been associated with fraud attempts totaling $20m
Cryptocurrency scams alone cost victims over $7 billion, while AI-enabled fraud threats are on the rise, says FBI
The National Crime Agency has warned construction firms about surging invoice fraud
Cloud Android phones fuel financial fraud, evading detection and enabling dropper accounts
UK police trumpet success of Operation Henhouse as they seize and freeze over £27m in suspected fraud proceeds
German-led policing effort against fraud operation disrupts countless CSAM and cybercrime sites
Mobile banking malware targets over 1200 financial apps globally, shifting fraud to user devices
New UK Online Crime Centre will combine expertise from a range of sources to takedown online channels cyber-scammers rely on
The OpenID Foundation warns that fragmented policies on posthumous digital accounts could open the door for fraudsters to exploit AI deepfakes
Sophisticated Python malware uncovered in fraud probe shows obfuscation, disposable infrastructure
Fraud campaign exploiting Indonesia’s Coretax resulted in $1.5m to $2m in losses via malicious apps