US charges two over laundering $43 million from investment fraud
U.S. prosecutors on Thursday charged a New York man and woman for their roles in a large-scale crime ring that laundered money stolen in cyber investment fraud scams. [...]
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U.S. prosecutors on Thursday charged a New York man and woman for their roles in a large-scale crime ring that laundered money stolen in cyber investment fraud scams. [...]
The anti-fraud crackdown, dubbed Operation First Light, identified more than 142,000 victims of various social-engineering scams. The post Interpol cybercrime crackdown nets 5,800 arrests across 97 countries appeared first on CyberScoop.
Telegram-based 'Outsider Enterprise' accused of sending millions of scam texts and impersonating trusted brands
Victims Increasingly Face Multiple Compromises From a Single IncidentIdentity theft scams are increasingly unfolding as coordinated, AI-assisted attack chains that begin with phishing or impersonation escalate into account takeovers, device compromise and broader fraud, according to the Identity Theft Resource Center.
Security researchers and the FBI are warning that a wave of FIFA-themed fraud is already hitting World Cup 2026 fans, days before the June 11 kickoff
Researchers Identify 455 Malicious Apps Tied to Global Malvertising CampaignCybercriminals used malicious Android apps to funnel unwitting users to an ad fraud scam that generated up to 659 million daily bid requests, reports Human Security. The scam has spanned 455 malicious Android apps and is linked to 183 threat actor-owned command-and-control domains.
Coerced Labor in Scam Compounds Is Reshaping How Enterprises Face Fraud RisksFraud operations in Southeast Asia increasingly rely on trafficked workers forced into scams. This reality challenges assumptions about threat actor behavior, complicates attribution and negotiation, and demands that enterprises rethink fraud prevention and disruption strategies.
A coordinated international operation involving U.S. and Chinese authorities has arrested at least 276 suspects and shut down nine scam centers used for cryptocurrency investment fraud schemes targeting Americans, resulting in millions of dollars in losses
Cybersecurity researchers have uncovered a large-scale fraud operation that uses Telegram's Mini App feature to run crypto scams, impersonate well-known brands, and distribute Android malware. [...]
Also: Cartier Heir Imprisoned, Believe Founder Benjamin Pasternak ArrestedThis week, North Korea hacks, Cartier heir jailed, Believe founder arrested, Cambodia scam network sanctioned. A U.S. Army soldier's insider bet, Litecoin, sentences in laundering and romance fraud cases, France probed crypto kidnapping. Tennessee banned crypto ATMs, Kelp DAO and Alex Mashinsky.
A joint international operation involving U.S. and Chinese authorities arrested at least 276 suspects and shut down nine cryptocurrency investment fraud centers. [...]
European police arrested 10 suspects after dismantling Albanian scam call centers linked to a €50m ($58m) online investment fraud operation
Federal Charges Target Recruiters, Managers in Scam Centers After Global TakedownU.S. and international law enforcement agencies dismantled a network of overseas scam centers linked to cryptocurrency investment fraud schemes, officials said Wednesday, arresting at least 276 individuals in a crackdown across the Middle East and Southeast Asia.
US sanctions target Cambodian scam networks tied to crypto fraud and trafficking
Cybersecurity researchers have disclosed details of a telecommunications fraud campaign that uses fake CAPTCHA verification tricks to dupe unsuspecting users into sending international text messages that incur charges on their mobile bills, generating illicit revenue for the threat actors who lease the phone numbers
Fraud operations now operate like call centers, complete with hiring, training, and performance tracking. Flare reveals how cybercriminals manage "Caller-as-a-Service" operations like a professional sales team. [...]
Also: ZachXBT Uncovers DPRK Worker Scam, Hyperbridge Hack, Coinone FineThis week, Operation Atlantic disrupts $45M phishing fraud, ZachXBT uncovers DPRK crypto worker scheme, Hyperbridge exploit, South Korea fines Coinone $3.5M, Kraken faces extortion attempt over insider data leak and American musician loses $420K in fake Ledger app.
Fortune 500 companies and one US defense contractor got taken for $5m in four-year scam Two Americans have been jailed for a combined 200 months for helping North Korea generate $5 million through fraudulent IT worker schemes.…
Fraud Expert Ken Palla on Why Detection Controls Still Lag BehindFraud continues to climb even as banks invest heavily in detection tools and analytics. The gap between technology spending and fraud losses reflects a deeper issue in how financial institutions approach scam prevention, says Ken Palla, retired director at MUFG Bank.
Cybersecurity researchers have unmasked a novel ad fraud scheme that has been found to leverage search engine poisoning (SEO) techniques and artificial intelligence (AI)-generated content to push deceptive news stories into Google's Discover feed and trick users into enabling persistent browser notifications that lead to scareware and financial scams