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.
Cisco Talos has identified a Chinese-speaking cybercrime group that targets high-value Internet Information Services (IIS) for SEO fraud
A Chinese-language threat actor uses every part of the kill: infecting Web servers with malware, poisoning sites with SEO spam, and stealing organizational data for follow-on attacks.
$7 Billion Illicit Bitcoin Horde: Malaysian National Latest to Plead GuiltyA Malaysian national pleaded guilty Tuesday in an English courtroom to assisting an investment fraud scammer who converted stolen assets into a cryptocurrency treasure trove now worth $7.1 billion, including helping her to evade arrest by lining up assistants and Airbnb rentals in Scotland.
A previously undocumented Android banking trojan called Klopatra has compromised over 3,000 devices, with a majority of the infections reported in Spain and Italy
The NCA warns that house buyers could face losses of over £80,000 from a type of BEC called payment diversion fraud
Chinese Woman Helped Run Ponzi-Style Investment Scheme That Amassed 61,000 BitcoinsChinese national Zhimin Qian, a 47-year-old woman also known as Yadi Zhang, pleaded guilty in England to helping run a Ponzi-style investment scheme in China called "Blue Sky," which defrauded over 128,000 individuals, generating assets she converted into 61,000 bitcoin, now worth $6.9 billion.
Zhimin Qian recruited takeaway worker to launder funds through property overseas London's Metropolitan Police has secured a "landmark conviction" following a record-busting Bitcoin seizure and seven-year investigation.…