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.
GameOn? It's looking more like game over for that biz The co-founder and former CEO of AI startup GameOn is in a pickle. After exiting the top job last year under a cloud, he's now in court – along with his wife – for allegedly bilking his company and its investors out of more than $60 million.…
Fraud Expert Ken Westbrook on Successful Ways to Stop Fake Investment SitesAccording to the FBI, losses from investment scams surged 38% between 2022 and 2023. Fraudsters are using highly effective tactics, including sending text messages to lure victims to fake cryptocurrency platforms, said Ken Westbrook, founder and CEO of Stop Scams Alliance.
5 indicted as FBI warns North Korea dials up aggression, plus Russian devs allegedly get in on the act The US is indicting yet another five suspects it believes were involved in North Korea's long-running, fraudulent remote IT worker scheme – including one who changed their last name to "Bane" and scored a gig at a tech biz in San Francisco.…
Arbitrage betting fraud rises, forcing bookmakers to adopt stricter measures against automated scams
Criminals Listed 269 Million Stolen Payment Card For Sale in 2024, Researchers FindIt's an old story: Criminals rake in profits by using digital "e-skimming" software, running scam e-commerce sites and selling stolen payment card data. Unfortunately, it's made continually new thanks to adaptability of cybercriminals, who keep their tool set relevant and ever more lucrative.
Acquisitions, AI and Emerging Threats Define Strategy for Recorded Future, GoogleFrom Google's $5.4 billion acquisition of Mandiant to Recorded Future's fraud insights following Mastercard's $2.65 billion purchase, threat intelligence vendors are innovating with AI and are focused on operationalizing their data through automation and managed services.