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Bank Info Security 8 months, 1 week ago

Cops Cuff 18 Suspects Over $345M Credit Card Fraud Scheme

German Payment Processor Insiders Accused of Laundering Fake Subscription ProceedsPolice have arrested 18 suspects as part of a global crackdown targeting fraud and money laundering networks tied to the theft of $345 million by using 4.3 million cardholders' stolen data to sign them up to fake dating, pornography or streaming sites that billed monthly.

Bank Info Security 1 year, 3 months ago

North Korean IT Scammers Targeting European Companies

Inside North Korea’s IT Scam Network Now Shifting to EuropeNorth Koreans posing as remote IT workers have spread to Europe, where one Pyongyang fraudster assumed at least 12 personas to target companies in Germany, Portugal and the United Kingdom. Western companies have grappled for years with the prospect of unintentionally hiring a North Korean national.