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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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Bank Info Security 1 year, 4 months ago

Cryptohack Roundup: $49M Infini Exploit

Also: $31M From Uranium Hack Seized, SEC Wraps Up Crypto LawsuitsThis week, the $49M Infini exploit, ByBit updates, hacked Uranium funds, seized, OKX settlement, DeepSeek crypto scam. Also, the SEC dismissed Coinbase, Robinhood, Uniswap and Gemini probes as well as its crypto dealer rule. It launched a new crypto fraud unit.

Bank Info Security 1 year, 4 months ago

How ML Models, Real-Time Analytics Can Mitigate APP Fraud

Javelin's Jennifer Pitt on AI-Powered Detection of Authorized Payment FraudMachine learning helps banks detect APP fraud by analyzing large transaction datasets faster. These AI models operate in near real-time and can distinguish legitimate transactions from fraudulent ones by spotting anomalies, said Jennifer Pitt, senior analyst at Javelin Strategy & Research.