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Latest coverage for Fraud

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.

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Judge says anti-hacking laws fits Pegasus case "to a T" A US court has rejected spyware vendor NSO Group's motion to dismiss a lawsuit filed by Apple that alleges the developer violated computer fraud and other laws by infecting customers' iDevices with its surveillance software.…

Bank Info Security 2 years, 5 months ago

Watching the Watchdog: Learning from HHS' Grant Payment Mess

Tight-Lipped Agency's Next Move in Wake of $7.5M Scam Could Be TellingRumors are swirling about how the Department of Health and Human Services lost about $7.5 million in grant payments through a series of cyberattacks last year, including speculation over whether the incidents involved sophisticated AI-augmented spear-phishing or more commonplace fraud schemes.