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.
Also: Google’s $40B AI Bet, Insights From Google Next ConferenceIn this week's panel, four ISMG editors discussed North Korea's use of fake video meetings to fuel crypto fraud, Google's $40 billion investment in Anthropic and what it signals for the AI race, and key takeaways from Google Next in Las Vegas on enterprise AI adoption.
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.
Austrian and Albanian authorities dismantled a criminal ring accused of running a large-scale cryptocurrency investment fraud operation that caused estimated losses of over €50 million ($58.5 million) to victims worldwide. [...]
US sanctions target Cambodian scam networks tied to crypto fraud and trafficking
Three seconds of audio is all it takes to clone a voice for fraud. Adaptive Security shows how deepfake calls trick employees into sending real money—and why most defenses don't catch them. [...]
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