Stay informed on the latest in information security with updates on fraud prevention, detection techniques, and cyber fraud trends.
Search across headline titles and summaries.
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.
Also: Nigerian Authorities Sue Binance for $79.5 billionThis week, guilty plea in $577M fraud scheme, Nigeria's $79.5B lawsuit, charges in $24M fraud case, $400K Cardex hack, seizure in BitConnect scheme, CluCoin founder sentenced, hacked Phemex funds laundered, Argentina president's fraud charges, new malware for digital wallets and romance scams surge.
The latest in a long line of fraud stings worth billions each year Two men are in police custody after being arrested in connection with a July cryptocurrency fraud involving a man in his seventies.…
The payment card industry has set a critical deadline for businesses handling cardholder data or processing payments- by March 31, 2025, DMARC implementation will be mandatory! This requirement highlights the importance of preventative measures against email fraud, domain spoofing, and phishing in the financial space. This is not an optional requirement as non-compliance may result in monetary
DOJ Says Contractor Falsely Claimed to Meet Critical Cyber RequirementsA military health benefits administrator has agreed to pay $11.2 million to settle allegations that the company falsely certified compliance with cybersecurity requirements - including patch management - for three years in a contract with the U.S. Department of Defense.
Tokenization Goes Beyond Fraud Prevention, Boosting Profits and Customer ExperienceFighting fraud is a compelling reason for network tokenization. But the business case now goes well beyond security. Tokenization can also boost authorization rates and drive sales, ultimately improving merchants' bottom lines - if card issuers can overcome the hurdles to implement it.
M&T Bank's Karen Boyer on Need for Shared Responsibility with Telecoms, Tech FirmsTechnology solutions can help banks fight fraud, but privacy constraints are preventing them from doing an effective job to ferret out scammers, said Karen Boyer, senior vice president at M&T Bank. She supports a new Australian law that also places responsibility on telecom and internet providers.
Devices containing crypto wallets tracked online, then in the real world Indian authorities seize loot from BitConnect crypto-Ponzi scheme Devices containing crypto wallets tracked online, then in the real world India’s Directorate of Enforcement has found and seized over $200 million of loot it says are the proceeds of the BitConnect crypto-fraud scheme.…
JPMorgan Chase Bank (Chase) will soon start blocking Zelle payments to social media contacts to combat a significant rise in online scams utilizing the service for fraud. [...]