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Bank Info Security 1 year, 2 months ago

Southeast Asian Scam Cartels Expanding Operations Globally

Cybercrime Cartels Moving to Places With Limited Law Enforcement CapacitiesCyber scam operations in Southeast Asia have assumed industrial-scale proportions, warns a United Nations report highlighting the rise of criminal groups with global ambitions. The region is a "key testing ground for transnational criminal networks looking to expand their influence," warned UNDOC.

GAO: SSA Fails to Meet Industry and Federal Electronic Verification System GoalsThe Social Security Administration is facing criticism for failing to update its fraud prevention technology, leaving financial institutions and federal authorities at risk of missing synthetic identity scams, according to a new Government Accountability Office report.