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.
The administration also released an executive order on cybercrime and fraud. The post The long-awaited Trump cyber strategy has arrived appeared first on CyberScoop.
A Ghanaian national pleaded guilty to his role in a massive fraud ring that stole over $100 million from victims across the United States through business email compromise attacks and romance scams. [...]
A Russian national pleaded guilty to a wire fraud conspiracy charge related to his role in administering the Phobos ransomware operation, which breached hundreds of victims worldwide. [...]
Millisecond Detection and Layered Controls Will Shape Future Payment SecurityStablecoins can remove chargebacks and make transactions irreversible in fraud cases. This trend is forcing banks to analyze risks before a payment executes. AI models must work within milliseconds while maintaining accuracy and minimizing friction for legitimate users.
The OpenID Foundation warns that fragmented policies on posthumous digital accounts could open the door for fraudsters to exploit AI deepfakes
A 22-year-old Alabama man pleaded guilty to extortion, cyberstalking, and computer fraud charges after hijacking the social media accounts of hundreds of young women (including minors). [...]
A Florida woman was sentenced to 22 months in prison for running a massive years-long scheme to traffic thousands of stolen Microsoft Certificate of Authenticity (COA) labels. [...]