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.
Series E Funding at $2B Valuation Fuels Fraud Defense, Identity Tech BuildoutWashington D.C.-area identity verification provider ID.me has raised $340 million to develop fraud-fighting technology and prepare for long-term expansion. The investment supports product innovation to stop AI threats such as deepfakes and fake businesses.
ACI Worldwide's Cleber Martins on Why Banks Need to Lead on AI Identity GovernanceThe rise of agentic commerce is forcing the financial sector to reconsider traditional fraud controls. While automated transactions may follow all technical authorizations, agentic AI tools still lack an understanding of user intent. That disconnect could lead to a surge in first-party fraud.
FBI Seizes Domains; Dutch Police Analyzing Seized Data to Identify Admin and UsersAn international law enforcement operation involving the FBI and Dutch police has shuttered VerifTools, a "key" platform for generating fake identification documents cops have tied to multiple help desk fraud, cryptocurrency theft and other cybercrime cases.
Don't worry, there's a twist at the end Opinion Agatha Christie stuck a dagger in the notion that crime doesn't pay. With sales of between two and four billion books – fittingly, the exact number is a mystery – she built a career out of murder that out-bloodied Jack the Ripper. It's a fair bet that had she chosen to write about accountancy fraud instead, her sales would be between two and four billion fewer. Some crime is sexy. Some is not.…