INTERPOL arrests ‘Black Axe’ cybercrime syndicate members
INTERPOL has arrested over 70 suspected members of the 'Black Axe' cybercrime syndicate, with two believed to be responsible for $1.8 million in financial 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.
INTERPOL has arrested over 70 suspected members of the 'Black Axe' cybercrime syndicate, with two believed to be responsible for $1.8 million in financial fraud. [...]
Judge rejects defense effort to toss warrantless device search on privacy grounds A man already behind bars in the US has been charged with orchestrating an $11 million scam from his cell using a hidden … cellphone.…
Study estimates a 16% growth in e-commerce fraud losses in just 12 months.
Research from Netacea reveals that as of September 2022, there are over 1,600 professional refund service adverts on hacker forums.
The operators behind the BazaCall call back phishing method have continued to evolve with updated social engineering tactics to deploy malware on targeted networks
A dark web carding market named 'BidenCash' has released a massive dump of 1,221,551 credit cards to promote their marketplace, allowing anyone to download them for free to conduct financial fraud. [...]