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. …

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.…

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."…

Customers 'more than twice' as likely to be hit by scams, says Dem Senator Wells Fargo customers who use Zelle to send and request payments suffer more than twice the rate of fraud and other online scams as people using other big banks, according to US Senator Elizabeth Warren (D-MA).…

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.…

Euro man allegedly known as 'Virus' faces years behind bars if convicted A man suspected of providing the IT infrastructure behind the Gozi banking trojan has been extradited to the US to face a string of computer fraud charges.…