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.
Australian Securities Commission Says HSBC Ignored Repeated Internal WarningsSome lessons come with a price. The recent lawsuit against HSBC by the Australian Securities and Investments Commission claims the bank prioritized profits over customer safety. Despite repeated internal warnings from its own fraud experts, HSBC failed to act.
Australian Securities Commission Says HSBC Ignored Repeated Internal WarningsSome lessons come with a price. The recent lawsuit against HSBC by the Australian Securities and Investments Commission claims the bank prioritized profits over customer safety. Despite repeated internal warnings from its own fraud experts, HSBC failed to act.
Russian Speaking Hackers FIN6 Flip Job Fraud ScriptFinancially-motivated hackers tracked as FIN6 have flipped the script on job fraud, impersonating job seekers to phish recruiters and deploy stealthy malware through fake resumes hosted on trusted cloud platforms. The group engages recruiters on LinkedIn and Indeed with realistic resumes.
The botnet’s still alive and evolving Badbox 2.0, the botnet that infected millions of smart TV boxes and connected devices before private security researchers and law enforcement partially disrupted its infrastructure, is readying for a third round of fraud and digital attacks, according to one of the threat hunters who uncovered the original scheme.…
Crash Records and Driver Data Exposed in Texas Transportation HackHackers accessed the Texas Department of Transportation's crash records system using a compromised account, stealing nearly 300,000 reports containing personal and vehicle information that could be used for fraud, the department warned in a letter to impacted individuals.
Lone Star State drivers with accident records need to be careful about fraud The Texas Department of Transportation says a compromised user account was used to improperly download nearly 300,000 crash reports, exposing personal data that could be exploited for financial fraud against Lone Star drivers.…
Also axes secure software mandates - optional is the new secure, apparently President Donald Trump late Friday signed a cybersecurity-focused executive order that, in the White House's words, "amends problematic elements of Obama and Biden-era Executive Orders."…
Attorney Jonathan Armstrong Says Board Diversity Must Include Cybersecurity SkillsMany boards lack cybersecurity expertise, leaving CISOs exposed to legal risks. New fraud laws and AI regulations compound the challenge as security leaders struggle for boardroom support, said Jonathan Armstrong, partner at Punter Southall Law.