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.
Authorities in Spain have arrested 34 individuals allegedly part of a criminal network involved in cyber fraud and believed to be connected to the Black Axe group responsible for illicit activities across Europe. [...]
Europol on Friday announced the arrest of 34 individuals in Spain who are alleged to be part of an international criminal organization called Black Axe
Deepfakes are becoming more realistic and more popular. Luckily, defenders are still ahead in the arms race.
Check Point has uncovered a vast, AI-powered scam operation dubbed the “Truman Show”
Also: Unleash Protocol Hack, LastPass Breach Linked to Crypto TheftsThis week, an alleged fraud kingpin deported to China, Bitfinex hacker gained early release, Unleash Protocol's $3.9M hack, TRM tied crypto thefts to the LastPass breach, Trust Wallet's link to the Sha1-Hulud attack, Flow's NFT loan fallout, Ledger's data exposure and Kontigo reimbursements.
New Android malware enables unauthorized tap-to-pay transactions without physical access to bank cards
Cybercriminals are increasingly using AI to lower the barrier to entry for fraud and hacking, shifting from skill-based to AI-assisted attacks known as "vibe hacking." Flare examines how underground forums promote AI tools, jailbreak techniques, and so-called "Hacking-GPT" services that promise ease rather than technical mastery. [...]