Latest cybersecurity reporting from selected sources.

Discover how deepfakes, voice cloning, and AI-powered phishing are reshaping digital deception—and learn practical strategies to strengthen identity security with real-time, AI-driven defenses.

As fake identity fraud is projected to cause $40 billion in losses next year, leaders must abandon static security in favor of rapid-iteration, AI-enabled defenses that adapt in days, not months. The post Weaponized AI: The new frontier of fraud and identity spoofing appeared first on CyberScoop.

Coerced Labor in Scam Compounds Is Reshaping How Enterprises Face Fraud RisksFraud operations in Southeast Asia increasingly rely on trafficked workers forced into scams. This reality challenges assumptions about threat actor behavior, complicates attribution and negotiation, and demands that enterprises rethink fraud prevention and disruption strategies.

The latest executive order pushes Washington to crack down on cyber fraud, but a different mandate eases software security accountability, leaving an inconsistent strategy that keeps the attack surface cheap to exploit. The post If consequences matter, they should apply to vendors, too appeared first on CyberScoop.

The administration also released an executive order on cybercrime and fraud. The post The long-awaited Trump cyber strategy has arrived appeared first on CyberScoop.

Cyber Leaders Address AI Threats, Compliance Resilience, Zero TrustFrom AI‑driven fraud schemes to tightening regulations and identity threats, ISMG's New York Fraud Prevention and Financial Cybersecurity Summits brought together CISOs, investigators and risk leaders to share practical strategies for strengthening defenses and building true resilience.

Steve Lenderman of isolved on Cross-Device Challenges, User Adoption StrategiesSteve Lenderman, head of fraud prevention at isolved, discusses the shift to passwordless authentication, addressing adoption challenges across multiple devices, the link between cybersecurity and fraud prevention, and how behavioral analytics will shape identity verification in 2026 and beyond.

Financial Institutions Break Down Silos to Combat Faster, AI-Powered ThreatsBanks face AI-powered fraud attacks and stricter compliance demands. Unified platforms that integrate security, fraud detection and compliance help institutions respond faster while empowering human analysts to focus on strategic decisions.

Durand: Agentic Models Require Stronger Verification and Complex Access ControlsWith bots and personal agents poised to reshape digital identity, Ping Identity CEO Andre Durand says organizations must harden onboarding, reimagine omni-channel strategies and deploy "verified trust services" to combat fraud and deepfakes, especially in workforce and third-party access.

The UK government’s new fraud minister will today announce plans for a newly expanded fraud strategy

How Strong AML and Fraud Prevention Controls Can Differentiate Your Fintech and Help You ScaleAs fintechs and financial institutions navigate an increasingly complex payments ecosystem, robust AML and fraud prevention controls are no longer just a compliance necessity—they’re a strategic advantage. Discover how risk-based frameworks, intelligent detection systems, and stronger partnerships can enhance trust, streamline operations, and safeguard against evolving financial crime threats.

Also: Bybit Hackers Launder Stolen EtherThis week, Trump announced a crypto strategic reserve; Bybit hackers laundered stolen Ether; Iris Ramaya Au, ex-girlfriend of crypto fraudster, pleaded guilty to a tax charge; CoinDCX will manage crypto seized by India's enforcement directorate.

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.

Acquisitions, AI and Emerging Threats Define Strategy for Recorded Future, GoogleFrom Google's $5.4 billion acquisition of Mandiant to Recorded Future's fraud insights following Mastercard's $2.65 billion purchase, threat intelligence vendors are innovating with AI and are focused on operationalizing their data through automation and managed services.

Experts Recommend Multimodal Biometrics as Mitigation Strategy for AI-Based AttacksWhile AI has spurred the growth of authentication controls, it has also enabled voice cloning and video deepfakes to become much more convincing. Fraud fighters are looking at adopting a multifactor authentication system using multimodal biometrics to fight against deepfakes.

The UAE No Longer Has Cases of SIM Swap Fraud - Here's WhySIM swap fraud continues to cause substantial financial losses for both consumers and financial institutions, undermining the integrity of the financial ecosystem. In the UAE, the banking industry has incurred considerable losses from SIM swap fraud. But a strategic approach has stopped it.

Prove's Mary Ann Miller on Strategies for Stronger ID VerificationThe banking and financial services industry will see a growth in scams and frauds perpetrated through fake businesses, incentivizing bad actors to continue creating these fraudulent entities, said Mary Ann Miller, a fraud and cybercrime executive advisor with Prove.

Credit Union Lender Discusses Expanding Role of Credit Repair Companies in FraudDetecting first-party fraud poses unique challenges. Data plays a critical role in spotting fraud by pointing out patterns such as high charge-off balances that hint at premeditated fraud, said Matt Beardsley, senior manager of consumer lending at PenFed Credit Union.

Much-anticipated plan criticized as "too little, too late"

Dark Reading's analysis suggests that the merger between Human Security and PerimeterX will bring modern defense strategies to disrupt cybercrime and fraud.