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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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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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Also: SafeMoon CEO Gets 8 Years for Fraud, SBF Seeks New TrialThis week, a 20-year sentence in a $73 million scam, SafeMoon CEO got eight years for fraud, Sam Bankman-Fried sought a new trial, Epstein's early crypto investments, a U.K. lawsuit against HTX, a probe of a Trump-linked crypto deal, a crypto-linked home invasion and a $43 billion Bithumb error.

Bank Info Security 5 months, 1 week ago

How Banks Can Limit Losses From First-Party Fraud

Cadence Bank's Brent Phillips Focuses on Controls for Online Account OpeningFinancial institutions face rising losses from first-party fraud schemes that begin with online account opening. One of the most effective ways to reduce exposure involves practical, risk-based controls that limit how much trust new customers receive before their behavior can be established.