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.
Callous fraudster tricked elderly gents into smuggling meth hidden in chocolate truffles A ruthless cyber conman who duped elderly pensioners – including an 80-year-old man – into smuggling deadly class A drugs was this week locked up.…
And the associated fraud'n'spy botnet is about to be shut down The US Department of Justice has unsealed indictments against 16 people accused of spreading and using the DanaBot remote-control malware that infected more than 300,000 computers, plus operating a botnet of the same name, and appears set to shutter its operations.…
Auto Lending Sector Is Hardest Hit by Scammers Using Synthetic IdentitiesSynthetic identity and credit washing fraud have hit another record high and are showing no signs of slowing down, according to a new report by TransUnion. Unscrupulous credit repair companies are adding to the problem by convincing people in debt to create new identities.
Experts Pointing a Finger at Interlock Ransomware Gang for Kettering Health AttackOhio-based Kettering Health is in its second day responding to a cyberattack that's disrupted patient care services and downed its IT systems, including its patient portal and phones. Some cybersecurity insiders say Interlock ransomware is responsible.
Georgia Court Allows Claims of Fraud, Trespass Over Falcon Software UpdateDelta can proceed with its lawsuit against CrowdStrike over a July 2024 update that allegedly bypassed Microsoft safeguards and crashed thousands of systems. The judge found that Delta sufficiently alleged fraud, computer trespass and gross negligence, allowing key claims to move forward.
FIs Must Invest in AI-Fueled Behavioral Biometrics to Go Beyond Static CredentialsScammers are increasingly turning to account takeover fraud, as financial institutions ramp up their defenses. Instead of luring victims into making authorized transactions, cybercriminals are bypassing them altogether, hijacking their digital identities and draining accounts from within.
Around half of US and UK consumers have seen fraud ads and content on ‘refund hacks’ on social media