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.
Judge said his fraud was on 'epic, generational scale' Terraform Labs founder Do Kwon will spend 15 years in jail after pleading guilty to committing fraud.…
Also: 700M Euro Fraud Busted, 2 Arrested in Crypto-Linked Killing CaseThis week, Ledger flagged physical attack risks to Android hot wallets, a 700M euro fraud network was dismantled, a suspect in the $243M Genesis theft was reportedly detained and a member of a $263M crypto scam pleaded guilty. Two men arrested in a Vienna crypto-linked killing.
Experts say a new Firm Checker tool from the FCA won’t move the dial on fraud but is a step in the right direction
Weak State Controls and AI-Generated Documents Fuel Surge in Synthetic Entity FraudFraudsters are exploiting weak state controls to create synthetic businesses for less than $150, with potential payouts of more than $100,000 for each fake identity. Synthetic entity fraud has rapidly shifted from a niche threat to a mainstream risk, said Dun & Bradstreet's Andrew La Marca.
The holiday season compresses risk into a short, high-stakes window. Systems run hot, teams run lean, and attackers time automated campaigns to get maximum return. Multiple industry threat reports show that bot-driven fraud, credential stuffing and account takeover attempts intensify around peak shopping events, especially the weeks around Black Friday and Christmas. Why holiday peaks