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 Spanish police have dismantled a large-scale investment fraud operation based in the country, which has caused cumulative damages exceeding €10 million ($11.8M). [...]
Also: Dismantling a 460 Million Euro Crypto Fraud NetworkThis week, a peek into Iran's largest crypto exchange blending privacy, scale and sanctions evasion, Europol and Spanish police dismantled a crypto fraud network, $9.5M Resupply hack, sentencing in a $40M ponzi scheme and a North Korean crypto theft and employment fraud ring.
A mobile ad fraud operation dubbed IconAds that consisted of 352 Android apps has been disrupted, according to a new report from HUMAN
New Multi-Agency 'Fusion Center' Using AI, Other Tech Will Improve InvestigationsThe Department of Justice in collaboration with the Department of Health and Human Services and other agencies said it has identified $14.6 billion in a wide range of healthcare fraud in 2025. The feds say a new "fusion center" using AI and other technologies will improve investigations moving forward.
New Multi-Agency 'Fusion Center' Using AI, Other Tech Will Improve InvestigationsThe Department of Justice in collaboration with the Department of Health and Human Services and other agencies said it has busted $14.6 billion in a wide range of healthcare fraud in 2025. The feds say a new "fusion center" using AI and other technologies will improve investigations moving forward.
A €460m cryptocurrency fraud scheme has been disrupted by authorities, leading to five arrests in Spain
Europol on Monday announced the takedown of a cryptocurrency investment fraud ring that laundered €460 million ($540 million) from more than 5,000 victims across the world
Spanish authorities have arrested five individuals in Madrid and the Canary Islands, suspected of laundering $540 million (€460 million) from illegal cryptocurrency investment schemes and defrauding more than 5,000 victims. [...]
The Federal Bureau of Investigation (FBI) has warned Americans of cybercriminals impersonating health fraud investigators to steal their sensitive information. [...]