Latest News
07/25/2024
Nacha’s Upcoming Rules Take a New Approach to Fighting Fraud
PaymentsJournal
Facing a continuing rise in fraud and fraud attempts against financial institutions, Nacha has announced new rules to help organizations mitigate these risks. These new rules will take time to implement, so institutions should begin preparing now rather than waiting until the rules go into effect.
Details >07/25/2024
Woman bought 80 vehicles, 31 properties with millions in stolen Army funds, officials say
Bradenton Herald
An Army employee accused of funding her extravagant lifestyle by stealing more than $108 million from a grant program designated for military families was sentenced to jail time, officials said.
Details >07/24/2024
Scammers target young adults on social media with fake check scam
FTC
Did you get a message on social from an “artist” asking to pay you for permission to paint your photo? It’s a scam. They don’t want to pay you — they want to take your money.
Details >07/24/2024
Fed Fines Green Dot $44M for Consumer Compliance Violations
Green Dot
The Federal Reserve Board has fined Green Dot $44 million for deceptive and unfair consumer practices and deficient compliance risk management.
Details >07/24/2024
Regulators’ Actions vs Green Dot and Other Banks Highlight Scrutiny Over AML Practices
PYMNTS
Enforcement actions and fines from regulators — the Federal Reserve, the Office of the Comptroller of the Currency and others — highlight the growing scrutiny on anti-money laundering (AML) efforts.
Details >07/24/2024
First the Launch, Then the Execution: FedNow Turns One
PYMNTS
It’s easy to generate buzz — harder to generate results.
Details >07/24/2024
Exclusive: Matera Builds on Pix Success With Digital Twins and QR Codes in US Expansion
PYMNTS
The eternal debate in financial services technology boils down to build vs. buy, and whether to rip and replace core banking operations. Banks have invested a lot of time and money in those core systems — they have a lot of data there too — and so they are loath to give up legacy tech.
Details >07/24/2024
Phish-Friendly Domain Registry “.top” Put on Notice
Krebs on Security
The Chinese company in charge of handing out domain names ending in “.top” has been given until mid-August 2024 to show that it has put in place systems for managing phishing reports and suspending abusive domains, or else forfeit its license to sell domains.
Details >07/24/2024
Police nab 17-year-old linked to group behind MGM Resorts cyberattack
Cyberscoop
A 17-year-old arrested by British police Thursday is believed to be a member of the cybercriminal gang behind last year’s ransomware attack on MGM Resorts and a number of other major companies.
Details >07/24/2024
Privilege escalation: unravelling a novel cyber-attack technique
IT Security Guru
Cyber criminals are notoriously relentless and unforgiving in their quest to exploit vulnerabilities through ever-evolving tactics.
Details >07/24/2024
Security Summit urges tax pros to watch out for identity theft red flags
IRS
WASHINGTON — In the third part of a special series, the Internal Revenue Service and the Security Summit partners today urged tax professionals to learn the signs of data theft so they can respond quickly to protect their business and their clients.
Details >07/24/2024
Trending: AI Gets Smarter on Fraud and Financial Crime as New Models Boost Securi
PYMNTS
In a world inundated with data, traditional methods of financial crime detection are becoming inadequate.
Details >07/23/2024
Spain arrests three 'Pro-Russian' hackers linked to cyberattacks
The Express Tribune
MADRID: Three pro-Russian hackers have been arrested for alleged cyberattacks against Spain and other NATO countries for terrorist purposes, Spanish police said on Saturday.
Details >07/22/2024
Man arrested for robbing two banks in Palm Beach County: DOJ
CBS 12 News
MIAMI, Fla. (CBS12) — A man was arrested for robbing two banks in Palm Beach County.
Details >07/22/2024
Police fatally shoot armed suspected bank robber after Waikiki standoff
Yahoo News
A suspect in three bank robberies pointed a weapon at Honolulu police officers who then fatally shot the man early this morning after an hours-long barricade standoff in Waikiki, according to Police Chief Arthur “Joe ” Logan.
Details >07/22/2024
This dangerous new phishing kit is hitting victims across Europe
MSN
Cybersecurity researchers from Resecurity have spotted a new phishing kit which is quickly gaining serious traction among cybercriminals.
Details >07/22/2024
Spain arrests three 'Pro-Russian' hackers linked to cyberattacks
The Express Tribune
MADRID: Three pro-Russian hackers have been arrested for alleged cyberattacks against Spain and other NATO countries for terrorist purposes, Spanish police said on Saturday.
Details >07/22/2024
Sean Kingston and His Mother Indicted on Federal Charges in $1M Fraud Scheme
Billboard
Sean Kingston and his mother have been indicted in South Florida on federal charges of committing more than $1 million worth of fraud.
Details >07/22/2024
CrowdStrike Aftermath: Five Things You Need to Know
PYMNTS
It wasn’t a hack, cyberattack or even a sophisticated scam. The chaos that hit everything from airlines to hospitals to banks on Friday (July 19) was caused by a faulty software update from security company CrowdStrike.
Details >07/22/2024
Scammers Try to Crash the Gates for Summer’s Hottest Events
PYMNTS
Stadiums and venues across the globe are filling up this summer.
Details >07/22/2024
Fending Off Fraud in Digital Banking
PYMNTS
Digital banking has become prime hunting ground for fraudsters who perpetrate schemes as diverse — and dynamic — as they are devastating.
Details >07/19/2024
Companies Across Cyber Sphere Warn of Surge in DDoS attacks
Cyber Magazine
DDoS attacks have over doubled in a year, with multiple reports highlighting how political instability around the globe could be behind it
Details >07/19/2024
Los Angeles County Man Pleads Guilty to Identity Theft Offenses Committed While in Federal Prison
United States Attorney's Office Eastern District of California
FRESNO, Calif. — Sean Lamont Wyatt, 46, of Los Angeles County, pleaded guilty today to identity theft and aggravated identity theft, United States Attorney Phillip A. Talbert announced.
Details >07/19/2024
FBI offering $3,000 reward following Brooks County bank robbery
WTXL Tallahassee
The FBI is now offering up to a $3,000 reward for information leading to the arrest and conviction of the persons involved in the robbery of the Barwick Banking Company in Brooks County.
Details >07/19/2024
Ripple CEO: US Crypto Rules Lag Amid ‘Interminable’ Lawsuits
PYMNTS
Ripple’s CEO says the cryptocurrency industry is still seeking regulatory clarity from the U.S.
Details >07/19/2024
It’s the Network, Not the Rail: Ingo Payments’ Edwards Reflects on FedNow’s First Year
PYMNTS
Anniversaries are a time to reflect, evaluate and to anticipate what lies ahead. And so it is with the FedNow® Service, which celebrates a year in the marketplace on July 20.
Details >07/19/2024
Global Microsoft Meltdown Tied to Bad Crowdstrike Update
Krebs on Security
A faulty software update from cybersecurity vendor Crowdstrike crippled countless Microsoft Windows computers across the globe today, disrupting everything from airline travel and financial institutions to hospitals and businesses online
Details >07/16/2024
Target just became the latest US retailer to stop accepting payment by checks. Why have so many stores given up on them?
SFGate
THE CONVERSATION — Can you still use a check to make purchases? In increasing numbers of stores across the U.S., the answer is “no.”
Details >07/16/2024
BBB Offers Tips to Protect You Against Scams During Amazon Prime Day
Clarksville Online
Nashville, TN – With Amazon Prime Day approaching on July 16th, Better Business Bureau (BBB) is focused on safeguarding consumers from potential scams as they hunt for the best deals.
Details >07/15/2024
The Cyborg Shopper: Is It the Future or Just a Blip?
PYMNTS
As a fringe group of consumers gets microchips implanted in their hands to make payments without using any external devices, time will prove whether these shoppers are early adopters or simply eccentrics.
Details >07/15/2024
Victim explains how Amazon account was hacked using 'credential stuffing'
The National Desk
SEATTLE — A new, massive data breach exposing text messages and call data of nearly all customers of AT&T was confirmed by the telecommunications giant Friday.
Details >07/15/2024
I Will Live To See The Last Check
Forbes
The Deputy Manager of the American Bankers Association, Dale Reistad, made an interesting speech setting out a vision for the industry.
Details >07/15/2024
This form of identity theft is on the rise. Here's what to know.
Fast Company
One Monday morning in May, I woke up and grabbed my cell phone to read the news and scroll through memes. But it was out of cell service. I couldn’t make calls or texts.
Details >07/15/2024
Can you spot an investment scam?
FTC
Investment scammers claim you’ll get big returns investing in a hot new money-making “opportunity” — maybe something like cryptocurrency. Some scammers say you’ll likely make a lot of money if you follow their proven system or method. But will you?
Details >07/15/2024
The Bizarre Bank Robbery That Involved a Pizza Deliveryman With a Bomb Chained Around His Neck
MSN
A pizza delivery man robbed a bank in Pennsylvania, and soon died in a bomb blast as police tried to get hold of him. The case continued to boggle investigators for years, revealing one twist after another.
Details >07/15/2024
Sussex bank robbery, Milwaukee men accused
Yahoo News
SUSSEX, Wis. - Two Milwaukee men, who previously served federal prison time together, are accused in a Sussex bank robbery that happened on Tuesday, July 9.
Details >07/15/2024
Mobile banking: alarm as fraudsters take over handsets and raid accounts
The Guardian
The risks of doing banking on your mobile handset have been underlined by the stories of Guardian Money readers who had their mobiles taken over by fraudsters, who then emptied their bank accounts.
Details >07/15/2024
More people are getting fake bank fraud alerts, FTC says
WBAY First Alert 2
GREEN BAY, Wis. (WBAY) - If you get a text about suspicious activity on your bank account, double-check.
Details >07/15/2024
One Tech Tip: Protecting yourself against SIM swapping
Yahoo Finance
NEW YORK (AP) — SIM-swapping is a growing form of identity theft that goes beyond hacking into an email or social media account. In this case, the thieves take over your phone number. Any calls or texts go to them, not to you.
Details >07/15/2024
Here's what ruthless hackers stole from 110M AT&T customers
Fox News Channel
In a startling revelation, AT&T announced that it had suffered a significant data breach affecting "nearly all" of its cellular customers, as well as customers of mobile virtual network operators (MVNOs) using AT&T's wireless network and some landline customers.
Details >07/15/2024
Researchers: Weak Security Defaults Enabled Squarespace Domains Hijacks
Krebs on Security
At least a dozen organizations with domain names at domain registrar Squarespace saw their websites hijacked last week.
Details >07/12/2024
Sweden has stopped using cash – and fraudsters are having a field day
MSN
In one high-stakes heist in the 1990s, a Swedish gang put a bomb in the locker of Stockholm’s main train station as a decoy while they raided a bank on the other side of the city.
Details >07/11/2024
Does a friend you met online need money for an emergency? That’s a scam
FTC
If your new online friend or romantic interest says they have an emergency and need money, it might not mean they have bad luck. It’s more likely they’re a scammer trying to grab your money. So, how can you tell if an online “friend” is a fraud?
Details >07/11/2024
What is 'bank jugging'? Police issue alerts to residents in Greenbelt, Bowie
Fox 5 Washington DC
BOWIE, Md. - Law enforcement agencies across our area are issuing alerts about jugging, where crooks watch you during your banking transactions and then rob you.
Details >07/11/2024
The Clearing House’s RTP network logs Q2 records
Payments Dive
The real-time payments system has been growing its roster of banks and credit unions, as it newly competes with the Federal Reserve’s FedNow service.
Details >07/11/2024
Evolve Bank & Trust Notice of Data Breach
Accesswire
MEMPHIS, TN / ACCESSWIRE / July 8, 2024 / As recently announced on the Evolve Bank & Trust ("Evolve" or "we") website, Evolve was recently subject to a cybersecurity incident.
Details >07/11/2024
6 accused of stealing $300,000 with skimming devices in Massachusetts, 5 other states
CBS News
PROVIDENCE, RI - Four of six foreign nationals have been charged in federal court for allegedly installing "skimming" devices on ATMs and at store checkouts in Massachusetts, Rhode Island and at least four other states.
Details >07/11/2024
State, local governments facing deluge of phishing attacks
SC Magazine
Threat actors are increasingly looking to prey on employees of state and local government agencies.
Details >07/11/2024
Portland Man Sentenced to Federal Prison for Role in Fraud Scheme
United States Attorney's Office District of Oregon
PORTLAND, Ore.—A Portland man was sentenced to federal prison today for his role in a scheme to steal large quantities of mail and use victims’ personal and financial documents and information to fraudulently obtain apartment leases, open bank accounts without authorization, and acquire other goods and services.
Details >07/11/2024
Two Former Postal Workers Charged with Stealing U.S. Treasury Checks Valued at more than $4 Million from Kennedy Airport Mail Facility
United States Attorney's Office Eastern District of New York
Four separate indictments were unsealed today at the federal courthouse in Brooklyn charging five defendants with crimes related to the fraudulent theft and deposit of checks issued by the United States Department of the Treasury.
Details >07/11/2024
Chelsea Man Pleads Guilty to Selling Fake Social Security Cards and Green Cards
United States Attorney's Office District of Massachusetts
BOSTON – A Chelsea man pleaded guilty yesterday to selling fraudulent Social Security cards and Legal Permanent Resident cards, often referred to as “Green Cards.”
Details >07/11/2024
CFPB Takes Action Against Fifth Third for Wrongfully Triggering Auto Repossessions and Opening Fake Bank Accounts
CFPB
WASHINGTON, D.C. - The Consumer Financial Protection Bureau (CFPB) today took action against repeat offender Fifth Third Bank for a range of illegal activities that would result in the bank paying $20 million in penalties in addition to paying redress to approximately 35,000 harmed consumers, including about 1,000 who had their cars repossessed.
Details >07/11/2024
Sonar Launches “Red Flag” Service to Help Banks and Fintechs Verify If Their Customer Data Has Been Leaked in Recent Breaches
Morning Star
Sonar Launches “Red Flag” Service to Help Banks and Fintechs Verify If Their Customer Data Has Been Leaked in Recent Breaches
Details >07/11/2024
Drivers beware: New text scam sends fake bill for road tolls
WLBT 3
(InvestigateTV) — The Federal Bureau of Investigation (FBI) has issued an alert after receiving thousands of complaints about fake road toll collection service texts.
Details >07/11/2024
Montgomery mailman convicted of stealing checks and financial information
Yellow Hammer
A former Montgomery postal carrier is facing 20 years in prison after being convicted of one count of postal theft by an employee and three counts of mail fraud.
Details >07/11/2024
Police see an uptick in check fraud
WSPA 7 News
TRAVELERS REST, S.C. (WSPA) – Stolen and fraudulent checks are becoming too common according to local police and banks.
Details >07/10/2024
Microsoft Patch Tuesday, July 2024 Edition
Krebs on Security
Microsoft Corp. today issued software updates to plug at least 139 security holes in various flavors of Windows and other Microsoft products.
Details >07/10/2024
OpenAI Hack: Examining ChatGPT Security Vulnerabilities
CCN.com
After it was revealed last week that OpenAI experienced a major security breach in 2023, the company’s cybersecurity procedures have come under intense scrutiny, including those relating to its flagship product: ChatGPT.
Details >07/10/2024
What the Tech? Credit card skimmers
KWCH 12 News
WICHITA, Kan. (KWCH) -Credit Card Skimmers on the Rise: How to Protect Yourself.
Details >07/10/2024
Discover: Tokenization Removes Friction for Card-Not-Present Transactions
PYMNTS
Maybe there’s one bit of stolen digital information fraudsters can’t make use of: tokens.
Details >07/10/2024
Discover: Tokenization Removes Friction for Card-Not-Present Transactions
PYMNTS
Maybe there’s one bit of stolen digital information fraudsters can’t make use of: tokens.
Details >07/10/2024
How the World Does Digital: Business Models and Innovation Drive Consumer Engagement
PYMNTS
Let’s start this article with a pop quiz.
Details >07/10/2024
New York Man and Canadian National Plead Guilty to Multimillion-Dollar Export Control Scheme
Office of Public Affairs U.S. Department of Justice
Defendants Exported Millions of Dollars of Electronics Used by Russia in Missiles and Drones
Details >07/10/2024
The Stark Truth Behind the Resurgence of Russia’s Fin7
Krebs on Security
The Russia-based cybercrime group dubbed “Fin7,” known for phishing and malware attacks that have cost victim organizations an estimated $3 billion in losses since 2013, was declared dead last year by U.S. authorities.
Details >07/10/2024
Check fraud has become a major problem within the financial industry
Business Alabama
Ask most people younger than around age 35 about check fraud, and their response likely will be something along the lines of, “Wait, people still use checks?”
Details >07/10/2024
Former Alabama postal worker convicted of mail fraud, theft
WSFA 12
MONTGOMERY, Ala. (WSFA) - A Montgomery man who used to work for the U.S. Postal Service has been convicted on charges related to a scheme to steal checks.
Details >07/10/2024
2nd person arrested, accused of aiding Columbus bank employee in $480K worth of fraud
Yahoo News
A second person has been arrested in a Columbus fraud case that involved hundreds of thousands of dollars being stolen, according to the Columbus Police Department.
Details >07/09/2024
FinCEN Issues Proposed Rule to Strengthen and Modernize Financial Institutions’ AML/CFT Programs
FinCEN
WASHINGTON—Today, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) announced a proposed rule to strengthen and modernize financial institutions’ anti-money laundering and countering the financing of terrorism (AML/CFT) programs.
Details >07/09/2024
A Quarter of New Online Accounts Are Fake - Report
Infosecurity Magazine
There was an 85% year-on-year increase in attacks targeting logins or account creation in 2021 as bot-driven fraud attempts soared, according to Arkose Labs.
Details >07/09/2024
New York And Florida Women Arrested For Defrauding Over A Dozen Victims Of More Than $7 Million In Connection With Romance Scams
United States Attorney's Office Southern District of New York
Damian Williams, the United States Attorney for the Southern District of New York, and James Smith, the Assistant Director in Charge of the New York Field Office of the Federal Bureau of Investigation (“FBI”), announced today the unsealing of a Complaint charging ROSANNA LISA STANLEY and GINA GUY for their roles in a series of romance schemes and for laundering the proceeds of those schemes.
Details >07/09/2024
Second arrest made in Navy Federal Credit Union fraud investigation
News 3 WRBL
COLUMBUS, Ga. (WRBL) — A second arrest has been made in an ongoing fraud investigation involving Navy Federal Credit Union.
Details >07/09/2024
Mobile Man Sentenced to Three Years in Prison for Mail Theft, Fraud, and Aggravated Identity Theft
United States Attorney's Office Southern District of Alabama
MOBILE, AL – A Mobile man was sentenced to 36 months in prison for bank fraud and aggravated identity theft involving checks that he stole from the mail.
Details >07/09/2024
Payments industry to use AI to detect fraud, improve efficiency
Payments Dive
Research from the investment bank Jefferies suggests generative artificial intelligence could be used in the payments industry to improve fraud detection and make transactions happen faster.
Details >07/08/2024
2024 Is Already the Year of the Cyberattack
PYMNTS
It’s the summer of steals, not the summer of deals, for businesses suffering cyber breaches.
Details >07/08/2024
String of ATM armed robberies lands two New Orleans men in jail
WGNO
ST. TAMMANY PARISH, La. (WGNO) — A recent string of armed robberies at ATMs may have come to an end after investigators arrested two New Orleans men.
Details >07/08/2024
Patelco makes minor restorations but no end near for crippling credit union cyber attack
Siliconvalley.com
Patelco Credit Union, after a week of customer lockdowns, made minor restorations in online functions as it reels from an ongoing cyber attack targeting its systems and databases.
Details >07/08/2024
Florida Department of Health among organizations targeted in recent cybersecurity attacks
WCTV
TALLAHASSEE, Fla. (WCTV) - Recent cyber attacks have jeopardized personal patient information throughout Florida.
Details >07/08/2024
'The place was filled with cops': Witness sees bank robbery victim in zip ties, describes scene
KAKE.com
OMAHA, Nebraska (KETV) -- Omaha police are still looking for the suspects they say robbed a bank near 90th and Maple streets. One man saw an employee with zip ties around his arms, minutes before officers arrived.
Details >07/08/2024
FBI asking for information in Rio Rancho bank robbery
KRQE News
RIO RANCHO, N.M. (KRQE) – The FBI and Rio Rancho Police Department are asking for information on a bank robbery on Friday. They said a man entered the New Mexico Bank & Trust on Southern Blvd. in Rio Rancho with a gun and demanded money.
Details >07/08/2024
Bitcoin, $14.2 Million Theft Sparks Legal Battle Between Canadian Bank and Crypto Exchange
decripto.org
A bold cyber theft of $14.2 million has triggered a strange legal battle between one of Canada’s largest banks, Canadian Western Bank, and one of the country’s leading cryptocurrency platforms, Aquanow.
Details >07/08/2024
Got a call about fraud activity on your bank account? It could be a scammer
FTC
Did someone supposedly spot fraud or criminal activity on one of your accounts?
Details >07/03/2024
Quad Cities Postal Worker Accused Of Theft
WHO Newsradio 1040
(Davenport, IA) -- A Quad Cities postal employee is facing criminal charges.
Details >07/03/2024
Birmingham man gets prison time for using illegally purchased postal keys to steal mail
AL.com
A Birmingham man has been sentenced to federal prison after he bought two specialized keys from a postal worker that he used to steal mail from outside drop boxes.
Details >07/03/2024
Monday bank robbery suspect quickly arrested
Keloland.com
SIOUX FALLS, S.D. (KELO) — A suspect is in custody following a Monday morning robbery at a bank on the 1,400 block of East 10th Street, said Sioux Falls Police during the morning briefing.
Details >07/03/2024
Group claiming to be migrant workers cashes fraudulent checks at businesses, banks across Georgia
Yahoo News
The Georgia Bureau of Investigation hopes you can help them identify a group of men connected to a check fraud ring.
Details >07/03/2024
61-year-old charged in connection to 4 bank robberies in King from 2020 to 2024, city officials say
WXII 12
A Winston-Salem man has been arrested and charged in connection to four different bank robberies spanning over four years, according to officials with the city of King.
Details >07/03/2024
Suspect caught after robbery incident in Olive Branch
Desota County News
July 1 – Olive Branch Police say officers responded to a robbery call from the Olive Branch City about 6:15 a.m. this morning and later captured the suspect in the case.
Details >07/02/2024
Woman charged with ID theft, using counterfeit license for attempting to withdraw thousands from credit union account
North Penn Now
A 52-year-old woman with no fixed address faces felony charges of use of a counterfeit access device, forgery, and identity theft for using a fake driver’s license and the identity of a 65-year-old woman to attempt to access $2,000 from the victim’s credit union account.
Details >07/02/2024
St. Tammany Parish Sheriff's Deputies looking for suspect in Covington armed robbery
WBRZ
COVINGTON — The St. Tammany Parish Sheriff's Office is searching for a suspect who robbed a man at gunpoint while he was using an ATM in Covington Friday night.
Details >07/02/2024
SECRET Service agents nabbed 13 skimming devices during a 472-store sweep - and warned consumers how to spot the info-stealing gadgets.
The Sun
The federal law enforcement agency joined forces with local cops as part of a state-wide operation to clamp down on credit card fraud.
Details >07/02/2024
Bank robber hands note to teller demanding one cent
Villages-News
A bank robbery suspect was arrested after handing a teller a note demanding one cent.
Details >07/02/2024
I’m a Bank Teller: 2 Money Transactions You Should Never Do Online
NASDAQ
From automating bills to getting a loan, you can conduct nearly every task in your banking life with a few clicks through a five-inch rectangular screen that you carry in your pocket. With that kind of speed and convenience, why would anyone visit a branch if they didn’t have to?
Details >07/02/2024
Deepfakes and voice clones are undermining election integrity
Help Net Security
As the volume of digital business rises year over year, the potential for AI-enhanced digital fraud increases with it, according to TeleSign.
Details >07/02/2024
Physical Cards Hold the Keys to a Passwordless Future
PYMNTS
It’s a problem that has dogged chief information and security officers at companies big and small: You have to fight fraud at all costs, and just as importantly, you need to make sure the payments experience goes off with minimal friction.
Details >07/02/2024
FTC Acts to Stop UnauthorDefendants Allegedly Participated in Unauthorized Billing Scheme Involving CBD and Keto-Related Productsized Billing Scams That Have Taken in Over $200 Million from Consumers
FTC
Details >07/01/2024
FBI, police looking for older, female suspect in Lakewood bank robbery
KDVR
DENVER (KDVR) – Police are looking for a female suspect allegedly involved in a Lakewood bank robbery on Tuesday.
Details >07/01/2024
Man robbed of phone, keys, bank card while at Nashville bank, police say
WSMV 4
NASHVILLE, Tenn. (WSMV) - A man says he was robbed Sunday morning while at Regions Bank on Clarksville Pike in the Bordeaux area of Nashville, according to an arrest affidavit.
Details >07/01/2024
Charles City duo accused of stealing over $100,000 from elderly victim
KIMT 3
CHARLES CITY, Iowa – One not guilty plea is entered in a case of two people accused of stealing over $100,000 from an elderly person in Floyd County.
Details >07/01/2024
New Orleans police respond to five robberies in approximately four hours
Nola.com
New Orleans police responded to a string of armed robberies Saturday evening and into early Sunday morning, according to a police report.
Details >07/01/2024
SwiftCrypt Cryptocurrency Exchange Obtains MSB from FinCEN
Streetinsider.com
SwiftCrypt LLC is a Singapore-based cryptocurrency exchange platform. As a Money Services Business (MSB), SwiftCrypt LLC's registration details are publicly available on the Financial Crimes Enforcement Network (FinCEN) MSB Registrant Search webpage, with the registration status confirmed on January 27, 2024.
Details >07/01/2024
Backlog of identity theft cases at IRS leaving many without refunds
The Signal
A backlog of identity theft cases at the Internal Revenue Service is growing, hitting 500,000 in April, according to a new report from National Taxpayer Advocate Erin Collins.
Details >07/01/2024
Don’t Fall for These 10 Sneaky Banking Scams
CNET Money
You know you shouldn't give your money to a Nigerian prince online. But did you know these other tactics scammers use to get your money?
Details >07/01/2024
Arrest made in one Elgin bank robbery the same week another Elgin bank was held up, FBI says
MSN
Sep. 2—The same week the FBI announced a man had been arrested on he charges he robbed an Elgin bank another bank in Elgin was robbed, officials said.
Details >07/01/2024
IRS criticized for taking nearly 2 years to help ID theft victims get their refunds
USA Today
Thousands of unfortunate taxpayers who are the victims of identity theft are waiting up to nearly two years to receive their federal income tax refunds, according to a report released Wednesday by the National Taxpayer Advocate.
Details >06/29/2024
Armored truck guard dies after robbery near North Shore Bank Milwaukee
MSN
The armored truck guard who was shot during a robbery near North Shore Bank has died, said Milwaukee police.
Details >06/29/2024
Treasury, IRS issue final regulations requiring broker reporting of sales and exchanges of digital assets that are subject to tax under current law, additional guidance to provide penalty relief, addr
IRS
WASHINGTON — The U.S. Department of the Treasury and the Internal Revenue Service today issued final regulations requiring custodial brokers to report sales and exchanges of digital assets, including cryptocurrency.
Details >06/29/2024
Utah Man Convicted of Impersonating a Federal Officer and Wire Fraud
United States Attorney's Office Eastern District of Wisconsin
Gregory J. Haanstad, United States Attorney for the Eastern District of Wisconsin, announced that on June 25, 2024, Juan Carlos Martinez-Napoles (age: 38) of Utah, was sentenced to 15 months in federal prison for impersonating a federal officer and wire fraud. He was also ordered to pay restitution to the victims of his crime and to serve two years on supervised release following his prison sentence.
Details >06/29/2024
St. Louis County Man Sentenced to 87 Months in Prison, Ordered to Pay More Than $1 Million for Elder Fraud and Disability Fraud
United States Attorney's Office Eastern District of Missouri
ST. LOUIS – U.S. District Judge Stephen R. Clark on Thursday sentenced a St. Louis County, Missouri man who financially exploited two elderly women while committing disability fraud to 87 months in prison and ordered him to repay more than $1.1 million.
Details >06/28/2024
Unexpected messages on social media about investing are almost always scams
FTC
With so many people on social media, it’s no surprise that scammers are there, too. A scammer might, for example, send you a message on Facebook, LinkedIn, or WhatsApp offering a chance to invest in cryptocurrency. But there’s no investment opportunity — just a scammer trying to take your money.
Details >06/28/2024
Wells Fargo class action claims bank does not reimburse customers for fraud
Top Class Actions
A new class action lawsuit alleges that Wells Fargo does not reimburse its customers when they are defrauded and suffer unauthorized electronic fund transfers from their accounts.
Details >06/28/2024
US Car Dealers Confront Another Growing Threat: ID Fraud
PYMNTS
For many consumers, the summer season means road trips powered by rental cars or new vehicle purchases. This brief explores how fraud prevention fits into the equation and details the history and future of identity verification for the automotive industry.
Details >06/27/2024
DCI releases name of SW Iowa bank robbery suspect
WHO 13 Des Moines
LENOX, Iowa — The Iowa Division of Criminal Investigations on Wednesday released the name of a southwest Iowa bank robbery suspect who died by suicide earlier this week.
Details >06/27/2024
Judge sentences identity theft and fraud defendant to 46 months despite not believing he has learned lesson
Northwest Arkansas Democrat Gazette
Despite saying that he didn't believe the defendant had learned from his mistakes, a federal judge on Tuesday sentenced the man to 46 months in federal prison, the lower end of a sentencing guideline, for identity theft and fraud.
Details >06/27/2024
Synthetic identity fraud is on the rise, TransUnion report shows
Statescoop
A new report from TransUnion shows that synthetic identity fraud is the fastest rising type of fraud in 2024.
Details >06/27/2024
There’s Good News, Bad News in the Latest Statistics on Identity Theft
Digital Transactions
The number of identity-theft cases fell last year, but criminals are getting savvier about how to win their victims’ confidence, with more of them relying on newer tools like artificial intelligence. And credit cards and other financial products remain a top target.
Details >06/27/2024
Rampant Identity Theft Is Taxing the I.R.S.
The New York Times
The National Taxpayer Advocate criticized the agency for being too slow to resolve cases, leaving victims waiting years for their refunds.
Details >06/27/2024
Goodbye Checks, Hello Progress: AR Automation Unlocks Growth Potential
PYMNTS
Commercial payments are never just payments. More than the money movement itself, business payments comprise the workflows and data surrounding and supporting them.
Details >06/27/2024
Woman robbed while making overnight bank deposit, Mobile police say
Fox10 News
MOBILE, Ala. (WALA) - Mobile police are searching for an armed man who robbed a woman making an overnight deposit at an area bank.
Details >06/27/2024
Omaha Police search for bank robber after Saddle Creek branch hit Saturday
WOWT News 6
OMAHA, Neb. (WOWT) - Police are looking for the public’s help in a robbery investigation.
Details >06/26/2024
Leader Of Money Laundering And Bank Fraud Ring Sentenced To Seven Years In Prison
United States Attorney's Office Southern District of New York
Damian Williams, the United States Attorney for the Southern District of New York, announced that ADEDAYO JOHN was sentenced today by U.S. District Judge Loretta A. Preska to seven years in prison for his role as a leader of a money laundering and bank fraud ring that laundered millions of dollars in proceeds derived from business email compromises and romance fraud schemes impacting more than 50 victims.
Details >06/26/2024
Vermont State Police looking for whoever stole town's front-end loader and used it to steal ATM
NECN
Authorities did not say if any money was taken from the ATM machine
Details >06/26/2024
Mark Cuban’s public email was hacked after receiving call from a fake Google rep
The Dallas Morning News
The Dallas billionaire and former Dallas Mavericks majority owner hopped on X Saturday evening to warn his followers that his email had been hacked.
Details >06/26/2024
Former Lawton bank exec pleads guilty to fraud
Southwest Ledger
OKLAHOMA CITY – A former bank executive from Lawton admitted defrauding his employer of more than a million dollars “to support my gambling addiction.”
Details >06/25/2024
Man commits suicide after robbing Iowa bank
KCRG 9 ABC
TAYLOR COUNTY, Iowa (KCRG) - At approximately 1:30 pm, the Taylor County Sheriff’s Office responded to a report of a bank robbery call in Lenox, Iowa.
Details >06/25/2024
Planning to drive in another country? Here’s how to avoid International Driver’s Permit scams
FTC
Wondering if you need an international license to drive in a country you’re visiting? Every country has its own rules for visitors who want to drive. In some, like Canada, your U.S. driver’s license is all you need
Details >06/24/2024
BBB warns 18-24 age group of new employment scams
MSN
HONOLULU (KHON2) — A new report published by the Better Business Bureau indicates that people ages 18-24 reported losing more money to fraud than older age groups.
Details >06/24/2024
Elderly woman robbed at Rocky Mount bank, suspect wanted, police say
MSN
ROCKY MOUNT, N.C. (WNCN) — A suspect is wanted after an elderly woman was robbed at a Rocky Mount bank on Friday afternoon, according to police.
Details >06/24/2024
DWP algorithm wrongly flags 200,000 people for possible fraud and error
The Guardian
Exclusive: Two-thirds of housing benefit claims marked as high risk in last three years were legitimate, figures show
Details >06/24/2024
AI-Powered Vacation Scams Show Up Right on Time
PYMNTS
As travelers pack their bags for long-awaited summer trips, a new breed of scammer is tagging along — powered by artificial intelligence (AI).
Details >06/24/2024
Emergency Expenses Break the Bank for Paycheck-to-Paycheck Consumers
PYMNTS
The share of Gen Z consumers living paycheck to paycheck has risen 32%. • Overall, nearly two-thirds of consumers live paycheck to paycheck — a figure up 8 percentage points year over year. • The actual average cost of an unexpected expense in the U.S. is more than 3.5 times the $400 benchmark set by the Federal Reserve.
Details >06/24/2024
The Morning After: Elon Musk deepfakes are pushing crypto giveaways
MSN
It’s been a weekend of crypto scams, hacks and deepfake chaos. Late on Friday, someone hacked 50 Cent’s accounts to push memecoin GUNIT and made off with millions.
Details >06/24/2024
Cyber attack compromised Indonesia data centre, ransom sought, reports Antara
KFGO
JAKARTA (Reuters) – A cyber attacker compromised Indonesia’s national data centre and asked for an $8 million ransom, the country’s communications minister was quoted by state news agency Antara as saying on Monday.
Details >06/24/2024
'Vast Majority' of Pandemic Employee Retention Credit Claims Are Likely Scams, Says IRS
Reason
You can add the Internal Revenue Service to the ranks of federal agencies conceding that raining taxpayer money on all and sundry to offset the negative effects of pandemic-era closures didn't go as well as intended.
Details >06/24/2024
White Settlement police give $23,900 check to elderly woman who was nearly a victim in scam
Yahoo News
WHITE SETTLEMENT, Texas - White Settlement police gave a $23,900 check to an elderly woman who was the target of a scam.
Details >06/20/2024
Suspect in bank robbery faces federal charges
KELO Land
SIOUX FALLS, S.D. (KELO) — A Sioux Falls bank robbery suspect now faces federal charges.
Details >06/20/2024
MultiFactor Authentication Meets Passkeys To Address eCommerce Usability Concerns
PYMNTS
When it comes to payments and digital commerce, proper security is a necessity.
Details >06/20/2024
KrebsOnSecurity Threatened with Defamation Lawsuit Over Fake Radaris CEO
Krebs on Security
On March 8, 2024, KrebsOnSecurity published a deep dive on the consumer data broker Radaris, showing how the original owners are two men in Massachusetts who operated multiple Russian language dating services and affiliate programs, in addition to a dizzying array of people-search websites.
Details >06/20/2024
Payment Fraud Worries Grow Among Business Owners
Inc.com
A survey shows that financial fraud of all types leads a list of entrepreneurs' concerns, from bogus transactions to e-mail phishing scams.
Details >06/20/2024
Dozens of metro Detroit car dealers impacted by cyberattack on software company
WXYZ 7 Detroit
DEARBORN, Mich. (WXYZ) — A cyberattack on a little-known company to most Americans is having a huge impact on car dealerships — and potentially their customers — nationwide.
Details >06/20/2024
Identity theft charges added for man accused of January double-homicide
Williamsport Sun-Gazette
Charges continue to mount against Troy Bailey Sr., the man charged as the main shooter in the killings of Alisha Seese and Ronald Dailey Jr. in early January, as District Judge Christian Frey ruled that there was enough evidence to move forward with 12 counts each of forgery and identity theft against Bailey, 57.
Details >06/20/2024
Check fraud scam
FYN News Sports TV
PRESS RELEASE – The White County Sheriff’s Office has seen an increase in check fraud, which involves checks being stolen and altered.
Details >06/20/2024
Alabama DHR hopes to expand adult foster care to address needs
Alabama Political Reporter
Gov. Kay Ivey proclaimed June 15 as World Elder Abuse Awareness Day to raise awareness and encourage more residents to open their homes to vulnerable Alabamians.
Details >06/20/2024
Bank employee, police thwart $20,000 scam
Eden Prairie Local News
An “astute bank employee and a quick response from police” on June 13 prevented an elderly man from losing $20,000 to a scammer, the Eden Prairie Police Department (EPPD) reported Thursday on its blog.
Details >06/19/2024
Reno Police Seeing More Skimmers and Fake Money
2 News Nevada
Reno Police are seeing an increase in cases involving counterfeit money, anywhere from one-dollar bills to one-hundred-dollar bills.
Details >06/19/2024
Oahu public transportation targeted in cyber attack
KHON
HONOLULU (KHON2) — City officials are still working to restore TheBus and TheHandi-Van websites after they went down on Saturday, June 15.
Details >06/19/2024
Social Security scam: Claims of a $600 increase are false
News Nation Now
(NewsNation) — Unreliable websites claiming Social Security recipients will receive a $600 payment increase or get a new stimulus check this month are spreading misinformation, according to the agency.
Details >06/19/2024
US Federal Reserve Board issues cease and desist order against Evolve Bank
Fintech Futures
The US Federal Reserve Board has penalised Evolve Bancorp and its subsidiary, Evolve Bank & Trust, for multiple “deficiencies” in the bank’s risk management, anti-money laundering (AML) and compliance practices.
Details >06/19/2024
Federal Indictment Alleges Alliance Between Sinaloa Cartel and Money Launderers Linked to Chinese Underground Banking
Office of Public Affairs U.S. Department of Justice
China and Mexico Took Law Enforcement Actions Following Justice Department’s Investigation of Alleged Scheme to Violate U.S. Drug and Money-Laundering Laws
Details >06/18/2024
A homemade cell tower allowed fraudsters in the UK to bombard people with scam texts
TechSpot
WHAT JUST HAPPENED? British authorities have arrested two suspects for allegedly running a "homemade mobile antenna" to send thousands of spam texts impersonating banks and other organizations. It's being called the first scheme of its kind uncovered in the UK.
Details >06/18/2024
9 ways CSOs lose their jobs
CSO Online
For top IT security execs, losing your job is remarkably easy. All it takes is a stupid decision, a simple oversight, or poor communication.
Details >06/18/2024
2 suspects arrested in multi-state bank robberies
TirState Homepage
Evansville, In. (WEHT)- Police say they have solved a multi-state crime spree with ties to Evansville.
Details >06/18/2024
Dark Web Marketplace Owners Charged With Facilitating $430M in Illegal Goods Sales Following Joint HSI New York Investigation
Homeland Security Investigations
CHICAGO — A Homeland Security Investigations (HSI) New York investigation, in coordination with law enforcement partners, has resulted in charges against two men for allegedly operating Empire Market, a dark web marketplace that enabled users to anonymously buy and sell more than $430 million in illegal goods and services around the world.
Details >06/18/2024
19 year old sentenced to community service for fake ID operation
Valley News Live
FARGO, N.D. (Valley News Live) - A man accused of making tens of thousands of dollars off of a fake ID operation in north Fargo has pleaded guilty and was sentenced in the case.
Details >06/17/2024
Knoxville Police: Suspect charged in Western Ave. bank robbery
WATE
KNOXVILLE, Tenn. (WATE) — The suspect in a bank robbery that happened Friday afternoon on Western Avenue has been charged according to the Knoxville Police Department.
Details >06/17/2024
Alleged Boss of ‘Scattered Spider’ Hacking Group Arrested
Krebs on Security
A 22-year-old man from the United Kingdom arrested this week in Spain is allegedly the ringleader of Scattered Spider, a cybercrime group suspected of hacking into Twilio, LastPass, DoorDash, Mailchimp, and nearly 130 other organizations over the past two years.
Details >06/17/2024
Charges Filed Against Punxsy Man for Allegedly Using Mother’s ATM Card to Withdraw Cash Without Permission
Explore Jefferson PA
PUNXSUTAWNEY BOROUGH, Pa. (EYT) — A Punxsutawney man is facing charges for reportedly using his mother’s ATM card to withdraw cash without permission.
Details >06/17/2024
3 adults, 1 juvenile arrested in connection with Atlantic Ave armed robbery
WAVY 10
VIRGINIA BEACH, Va. (WAVY) – Four people, including one minor, were arrested in connection with an armed robbery on Thursday.
Details >06/17/2024
UK Publishes Draft Legislation to Combat Authorized Push Payment Fraud
PYMNTS
The government of the United Kingdom has published draft legislation that would allow payment service providers (PSPs) to delay outbound payments processing by up to four business days when they suspect fraud.
Details >06/17/2024
UK Wants to Turn Faster Payments Into Four-Day Payments
PYMNTS
When it comes to innovation, the United Kingdom can find itself on a literal island. And the kingdom’s latest regulatory push, one that is targeting authorized push payment (APP) fraud, has left observers wondering whether that island may be sinking.
Details >06/17/2024
Stomp out Scams with the ScamClassifier Model
The Federal Reserve FedPayments Improvement
The payments industry now has a new tool to improve scam reporting, detection and mitigation. Released in summer 2024, the ScamClassifierSM model supports consistent and detailed classification, reporting, analysis and identification of scams, attempted scams and related trends.
Details >06/17/2024
Recognize business and government imposters who want your money
FTC
Scammers pretending to be from the government tell convincing stories to steal your money or personal information. But now they’re taking a new, layered approach — and here are some clues to spot it.
Details >06/17/2024
IRS warns against scams targeting seniors; joins other federal agencies to recognize special awareness day
IRA
WASHINGTON — As part of continuing efforts to protect the senior community, the Internal Revenue Service today issued a warning about the rising threat of impersonation scams.
Details >06/17/2024
US Cyber Trust Mark
UL Solutions
A cybersecurity labeling program for smart devices designed to give consumers the tools needed to make informed decisions in regard to security when purchasing products to bring into their homes.
Details >06/17/2024
BBB: How to spot a job scam — no matter how sophisticated
Bunrabynow
Research the person that contacted you, as well as the company, is one of several tips the Better Business Bureau (BBB) suggests to avoid a job scam.
Details >06/10/2024
Visa Says 10 Billion Tokenized Payments Are Just the Beginning
PYMNTS
The modern consumer more and more demands convenience and seamlessness across their daily lives. This simple, singular fact has served as a benchmark for much of the innovation defining the payments and commerce landscape of the past few decades.
Details >06/10/2024
Five Individuals Arrested for Defrauding Medicare of Over $15M Through Sham Hospices and Money Laundering
Office of Public Affairs U.S. Department of Justice
Five individuals were arrested yesterday in Los Angeles on criminal charges related to their roles in a years-long scheme to defraud Medicare of more than $15 million through sham hospice companies and then to launder the fraud proceeds.
Details >06/10/2024
Bag of cash doesn't stop jurors from convicting 5 of 7 defendants in $40M fraud scheme
KSL.com
MINNEAPOLIS — A jury convicted five Minnesota residents and acquitted two others on Friday for their roles in a scheme to steal more than $40 million from a program that was supposed to feed children during the coronavirus pandemic.
Details >06/10/2024
Lewistown woman sentenced to prison for stealing from mother while acting as her caregiver.
Hi-Line Today
(Lewistown) A woman who forged checks to steal more than $700,000 from her elderly mother in Lewistown while acting as her caregiver was sentenced to four and a half years in prison and over 725 thousand dollars in restitution, to be followed by three years of supervised release, U.S. Attorney Jesse Laslovich said.
Details >06/07/2024
Secret Service intelligence in Camden County wire fraud case leads to drug trafficking arrests
104.5WOKV
CAMDEN COUNTY, Ga. — An extensive investigation by county agencies and the Secret Service into wire fraud also led to three drug arrests.
Details >06/07/2024
Senior care aide accused of using client's credit card to pay $1,275 dental bill
North Penn Now
An in-home senior care employee from Hatfield is accused by Towamencin Township Police of stealing a client’s credit card in December and using it to pay down a $1,275 dental bill, according to an affidavit.
Details >06/07/2024
Former Postal Employee Charged with Stealing Checks from Mail; Fraud and Identity Theft Offenses
United States Attorney's Office District of Connecticut
Vanessa Roberts Avery, United States Attorney for the District of Connecticut, and Ketty Larco-Ward, Inspector in Charge of the U.S. Postal Inspection Service, Boston Division, today announced that a federal grand jury in New Haven has returned a 10-count indictment charging KIERRA BLOUNT, 34, of Stamford, with fraud, identity theft, and mail theft offenses.
Details >06/07/2024
Man charged with identity theft after lost ID used to buy car from Lincoln dealership
1011now.com
LINCOLN, Neb. (KOLN) - A man lost his ID, and another man stole his identity to buy a car from a Lincoln dealership, police say.
Details >06/07/2024
Davenport caretaker with meth stole thousands from elderly victim, police allege
ourquadcities.com
A 50-year-old home caretaker is in custody after police allege she stole thousands from an elderly victim with ALS, according to court records.
Details >06/06/2024
Bag of $120,000 left as bribe for juror in Minnesota food program fraud trial
PBS
MINNEAPOLIS (AP) — Federal authorities in Minnesota have confiscated cellphones and taken all seven defendants into custody as investigators try to determine who attempted to bribe a juror with a bag of cash containing $120,000 to get her to acquit them on charges of stealing more than $40 million from a program meant to feed children during the pandemic.
Details >06/06/2024
Commercial Cards and Automation Are Transforming the AR Function
PYMNTS
Moving analogue and manual processes to automated, digital ones represents the future of B2B payments.
Details >06/06/2024
This dangerous new phishing kit is hitting victims across Europe
MSN
Cybersecurity researchers from Resecurity have spotted a new phishing kit which is quickly gaining serious traction among cybercriminals.
Details >06/05/2024
Woman uses fake passport to steal tens of thousands from Washingtonians' bank accounts
Yahoo News
EVERETT, Wash. - Everett Police say the same woman wanted by multiple law enforcement agencies, including the King County Sheriff’s Office, Cle Elum PD and Centralia PD for stealing tens of thousands of dollars from victims' bank accounts by using a fake U.S. passport has struck again.
Details >06/05/2024
Hawaii Island police charge 3 with financial crimes after mail theft
Hawaii News Now
HONOLULU (HawaiiNewsNow) - Hawaii Island police have arrested and charged three individuals with financial crime offenses stemming from a mail theft in January.
Details >06/05/2024
New Florida law could protect seniors from getting scammed
CBS 12 News
WEST PALM BEACH, Fla. (CBS12) — Florida Gov. Ron DeSantis just signed a bill into law that may help protect senior citizens.
Details >06/05/2024
Paycheck nearly stolen in payroll scam, Kansas police warn public
KSN 16
BELLE PLAINE, Kan. (KSNW) — The Belle Plaine Police Department is warning about a payroll scam.
Details >06/05/2024
FBI investigating bank robbery in KCMO
KCTV 5 Kansas City, MO
KANSAS CITY, Mo. (KCTV) - The FBI is searching for a suspect following a bank robbery Tuesday afternoon at a Kansas City credit union.
Details >06/05/2024
T-Mobile Faces Backlash As Wireless Subscribers Slam Hidden Fees
MSN
In a bold appeal to T-Mobile, voices from within and outside the company are clamoring for significant reforms.
Details >06/05/2024
Americans Lose $5 Billion in Largely Digital Scams
MSN
Americans are losing more than $5 billion each year in largely digital scams, a new security report found on Monday.
Details >06/05/2024
Fraud is Rising. Are Your Cardmembers Protected?
The Financial Brand
Sophisticated fraud attacks are more difficult to detect and can lead to greater losses.
Details >06/05/2024
Juror reports receiving $120K bribe attempt in pandemic relief fraud trial
ABC News
Federal authorities are investigating after a juror in a federal trial over an alleged pandemic relief fraud scheme told police she was given $120,000 cash in an attempted bribe to acquit the defendants, according to court documents.
Details >06/05/2024
Women lose $61,000 in an identity theft scam pattern: NYPD
Yahoo News
NEW YORK (PIX11) — Police are searching for an individual they claim stole thousands of dollars from two New York City women in April.
Details >06/05/2024
Visa Says 10 Billion Tokenized Payments Are Just the Beginning
PYMNTS
The modern consumer more and more demands convenience and seamlessness across their daily lives. This simple, singular fact has served as a benchmark for much of the innovation defining the payments and commerce landscape of the past few decades.
Details >06/04/2024
Brooklyn Man Charged with Gunpoint Robbery of Postal Worker
United States Attorney's Office Eastern District of New York
Earlier today, a ten-count indictment was unsealed charging the defendant Alfonso Forney with robbery of a postal worker, a related firearms offense, mail theft related offenses, wire fraud, bank fraud, access device fraud and aggravated identity theft.
Details >06/04/2024
WOODBRIDGE MAN PLEADS GUILTY TO FRAUDULENT CHECK SCHEME
Fairfax County Police Department News
ALEXANDRIA, Va. – A Woodbridge man pled guilty today to conspiracy to commit bank fraud. According to court documents, from August 2021 to July 2022, Jason Banks, 27, participated in a scheme to defraud banks by cashing or depositing fraudulent checks.
Details >06/04/2024
Georgia Man Pleads to Bank Fraud Charge for Stolen Check Scheme
United States Attorney's Office District of Maine
PORTLAND, Maine: An Atlanta, Georgia man pleaded guilty today in U.S. District Court in Portland to conspiring to commit bank fraud.
Details >06/03/2024
Salem hit with 3 armed bank robberies within 8 days: What we know
Statesman Journal
Salem Police detectives are working with the FBI Portland Field Office investigating a string of three armed bank robberies in eight days.
Details >06/03/2024
Ticketmaster hack may affect more than 500 million customers
NPR
Ticketmaster's parent company says it is investigating a possible data breach after a group of hackers claimed to have stolen the personal information of 560 million Ticketmaster customers.
Details >06/03/2024
Criminals are stealing food money from poor Americans by exploiting obsolete debit cards
Yahoo Finance
Taisha Simon had heard of people stealing money the federal government gives families to buy groceries, but she didn't realize she would become one of their victims.
Details >06/03/2024
DOJ charged man with theft of $5.9 billion in Covid relief funds
Hays Post
WASHINGTON —A Chinese national who amassed millions of hijacked residential IP addresses and facilitated billions of dollars in unemployment and pandemic relief fraud is in custody, according to the United State's Department of Justice.
Details >06/03/2024
Boulder man found guilty of targeting millions in mass-mailing fraud schemes
Fox 31
DENVER (KDVR) — A 57-year-old Boulder man was found guilty of criminal charges related to mass-mailing fraud schemes, according to a release by the U.S. Department of Justice.
Details >05/31/2024
Gen Z Members Expect Credit Unions to Double Banking Features
PYMNTS
According to PYMNTS Intelligence data, 95% of U.S. credit unions (CUs) are now wooing prospective Gen Z members.
Details >05/31/2024
Mastercard Opens Center to Combat Cybercrime in Europe
PYMNTS
Mastercard has unveiled a center in Europe aimed at tackling cyber crime in the region.
Details >05/30/2024
Is Your Computer Part of ‘The Largest Botnet Ever?’
Krebs on Security
The U.S. Department of Justice (DOJ) today said they arrested the alleged operator of 911 S5, a ten-year-old online anonymity service that was powered by what the director of the FBI called “likely the world’s largest botnet ever.”
Details >05/30/2024
DDoS cyber-attack targeting Internet Archive and the Wayback Machine
Beta News
The DDoS cyber-attack currently targeting the Internet Archive and its Wayback Machine has entered its third day, causing intermittent disruptions in service. The nonprofit research library is best known for housing millions of historical documents, preserved websites, and media content.
Details >05/30/2024
HP Report Surfaces Shifts in Cyber Attack Tactics
Security Boulevard
HP Wolf Security has published a report that finds that the tactics and techniques being used by cybercriminals are evolving. In contrast, different cybercriminals continue to exploit weaknesses that are simple to exploit.
Details >05/30/2024
Russian Hackers Charged For Selling Unauthorized Access To Computer Networks
CyberSecurity
A Russian citizen has been indicted for working as an “access broker” and selling unauthorized access to computer networks, including a victim company in New Jersey, U.S. Attorney Philip R. Sellinger, District of New Jersey, announced.
Details >05/30/2024
Small Businesses Confront Card Fraud Vulnerabilities
PYMNTS
Large enterprises continue to fight all kinds of fraud, from insider threats to payments fraud to social engineering. But small businesses are often overlooked as they fight the same battles.
Details >05/30/2024
‘Operation Endgame’ Hits Malware Delivery Platforms
Krebs on Security
Law enforcement agencies in the United States and Europe today announced Operation Endgame, a coordinated action against some of the most popular cybercrime platforms for delivering ransomware and data-stealing malware.
Details >05/29/2024
FinCEN Issues Notice on the Use of Counterfeit U.S. Passport Cards to Perpetrate Identity Theft and Fraud Schemes at Financial Institutions
FinCEN
WASHINGTON—Today, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN), in close coordination with the Department of State’s Diplomatic Security Service (DSS), issued a Notice to financial institutions on fraud schemes related to the use of counterfeit U.S. passport cards.
Details >05/29/2024
Hurricane season 2024: How to avoid scams before and after a weather emergency
FTC
Weather forecasters are predicting an active hurricane season, but if you live in large parts of the country — including those hit by tornadoes over Memorial Day Weekend — you’ve probably noticed more active storms of all types.
Details >05/29/2024
Treasury Sanctions Creators of 911 S5 Proxy Botnet
Krebs on Security
The U.S. Department of the Treasury today unveiled sanctions against three Chinese nationals for allegedly operating 911 S5, an online anonymity service that for many years was the easiest and cheapest way to route one’s Web traffic through malware-infected computers around the globe.
Details >05/29/2024
Scammers Posing As Well-Known Businesses, Agencies: Here's What To Know, Feds Say
Daily Voice
Federal authorities are sounding the alarm over scams that impersonate well-known businesses and government agencies.
Details >05/29/2024
Security leaders respond to ransomware attack on the city of Wichita
Security Magazine
The city of Wichita, Kansas, announced that it was targeted by a ransomware attack in early May. This attack forced the city to shut down parts of the network, as ransomware was encrypted within its IT systems.
Details >05/29/2024
Repeat Offender Sentenced to Two Years in Prison for $1 Million Counterfeit Check Scheme
United States Attorney's Office District of Massachusetts
BOSTON – A Quincy man was sentenced today in federal court in Boston for a million-dollar bank fraud scheme in which he deposited hundreds of counterfeit checks.
Details >05/29/2024
OPM tightening security after fraud spike in FSAFEDS
Federal News Network
The Office of Personnel Management is working to address a spike in fraudulent activity on hundreds of accounts in a flexible spending account (FSA) program for federal employees.
Details >05/29/2024
Small Businesses Confront Card Fraud Vulnerabilities
PYMNTS
Large enterprises continue to fight all kinds of fraud, from insider threats to payments fraud to social engineering. But small businesses are often overlooked as they fight the same battles.
Details >05/29/2024
Unattended Payments Shape the Future of Retail Transactions
PYMNTS
Human interaction used to be essential for finalizing transactions at traditional point-of-sale locations.
Details >05/28/2024
Google Pay Expands BNPL and Says Goodbye to the CVV With Biometrics
PYMNTS
A week after Visa threw down the payments gauntlet with a series of announcements that merged the physical and digital worlds, Google took its turn at bat today (May 22), adding three new features to Google Pay.
Details >05/28/2024
How scammers are stealing food stamps from struggling Americans
West Hawaii Today
Something was very wrong with Jackie Kirks’ food stamp card.
Details >05/28/2024
Why Scammers Love That People Are Still Writing Checks
MNA Money
In an era where digital transactions are becoming the norm, it might come as a surprise that paper checks are still in use. However, this continued reliance on an older form of payment presents a golden opportunity for scammers. Here’s why fraudsters are particularly fond of check-writing in the modern financial landscape.
Details >05/28/2024
Man arrested after confessing to Apopka banks robberies, police say
Orlando News
Taylor Cale Mizelle, 45, booked into the Orange County Jail on no bond.
Details >05/28/2024
Man who robbed woman at gunpoint in Arden Hills found guilty of kidnapping, bank fraud, theft
Star Tribune
A man who robbed two women at gunpoint and stole from another victim was found guilty of kidnapping, bank fraud and identity theft, the U.S. Attorney's Office in Minnesota announced Friday.
Details >05/28/2024
How APIs Bridge Modern and Legacy B2B Payment Architectures
PYMNTS
Businesses, particularly global ones, exist and transact across fragmented payment ecosystems.
Details >05/28/2024
The Passkeys Primer: Making Sense of the New Security Paradigm
PYMNTS
Consumers hate passwords. Fraudsters love them. There might be no better business case for passkeys, which are a biometric, digital alternative to manually selected and stored passwords
Details >05/28/2024
How Criminals Are Leveraging AI to Create Convincing Scams
Tripwire
Generative AI tools like ChatGPT and Google Bard are some of the most exciting technologies in the world. They have already begun to revolutionize productivity, supercharge creativity, and make the world a better place.
Details >05/28/2024
Pay-by-Bank Solutions Signal New Era of Payments
PYMNTS
Solutions in search of problems rarely scale — something especially true when it comes to payments, where the focus remains on enhancing user experience and efficiency.
Details >05/28/2024
Spreedly CEO: Companies Need to Pivot to Match Consumer Spending Trends
PYMNTS
With economic headwinds picking up, consumer spending behavior is poised to shift as households tighten their belts in some categories and economists try to make sense of the short-term and long-term future.
Details >05/24/2024
More than $46 million loss to fraud in Hawaii, according to FTC
Island News
HONOLULU (Island News) -- The Federal Trade Commission (FTC) released its latest numbers of Consumer Fraud and Identity Theft in Hawaii. The report showed that residents claimed to have lost more than $46 million to fraud in 2023.
Details >05/24/2024
Last defendant in multi-state string of ATM robberies sentenced to 33 months in federal prison
Northwest Arkansas Democrat Gazette
The last of six Texas men indicted for bank robbery in connection with the attempted robbery of an ATM machine in September 2020 in Jonesboro was sentenced Tuesday to 33 months in federal prison for the offense.
Details >05/24/2024
Federal Jury Finds Nigerian Man Guilty of Money Laundering and Aiding and Abetting Wire Fraud and Mail Fraud
United States Attorney's Office District of North Dakota
BISMARCK – United States Attorney Mac Schneider announced that on May 16, 2024, after a four-day trial, a federal jury found Nigerian citizen Christopher Agbaje guilty on charges of 1) Money Laundering; 2) Aiding and Abetting Wire Fraud; and 3) Aiding and Abetting Mail Fraud.
Details >05/24/2024
Moses Lake man faces 61 charges of identity theft
Daily Record News
A Moses Lake man pleaded not guilty to 61 counts of identity theft during his arraignment this week in Kittitas County Superior Court.
Details >05/24/2024
Proposed SHIELD Act for identity theft victims hits Congress after News 6 investigation
Click Orlando
H.R. 8463 would provide “legal recourse” against identity thieves
Details >05/24/2024
‘Unbelievably sickening’: Judge sentences first of two men for violent bank robbery in West Omaha
WOWT News 6
OMAHA, Neb. (WOWT) - An Omaha man who pleaded guilty in a violent bank robbery in West Omaha more than a year ago was sentenced Thursday in federal court to more than 20 years in prison.
Details >05/24/2024
Stark Industries Solutions: An Iron Hammer in the Cloud
Krebs on Security
Two weeks before Russia invaded Ukraine in February 2022, a large, mysterious new Internet hosting firm called Stark Industries Solutions materialized and quickly became the epicenter of massive distributed denial-of-service (DDoS) attacks on government and commercial targets in Ukraine and Europe.
Details >05/24/2024
Real-Time Transactions and Regulations Continue to Shape Payments
PYMNTS
When it comes to payments innovations, banks and payment companies have held up their end of the deal.
Details >05/23/2024
10 Years in Prison for $4.5 million BEC Scammer Who Bought Ferrari to Launder Money
FORTRA
A scammer has been sentenced to 10 years in prison for laundering over US $4.5 million obtained by targeting businesses and the elderly with Business Email Compromise (BEC) and romance fraud scams.
Details >05/16/2024
U.S. Charges Russian Man as Boss of LockBit Ransomware Group
Krebs on Security
The United States joined the United Kingdom and Australia today in sanctioning 31-year-old Russian national Dmitry Yuryevich Khoroshev as the alleged leader of the infamous ransomware group LockBit.
Details >05/16/2024
75% of Large Banks Agree to Reimburse Victims of Authorized Fraud
PYMNTS
The Federal Reserve’s FraudClassifier divides fraud into two categories: authorized fraud and its unauthorized counterpart.
Details >05/16/2024
Supreme Court Ruling on CFPB’s Fate May Rewrite the Rules of Banking and Credit
PYMNTS
For the Consumer Financial Protection Bureau (CFPB), the courts have been a hotbed of action, lawsuits, appeals and back-and-forth between lawyers.
Details >05/16/2024
Apple stopped $7 billion in fraud transaction attempts since 2020
Android Headlines
Apple recently claimed that it stopped over $7 billion of potential fraudulent transactions between 2020 and 2023.
Details >05/16/2024
Milford woman accused of posing as federal agent in wire fraud scheme
The Detroit News
A Milford woman has been indicted for allegedly pretending to be a federal agent to scam a West Michigan woman out of $60,000 last month, officials said.
Details >05/16/2024
Wichita cyberattack got personal, financial information
KSN.com
WICHITA, Kan. (KSNW) — The City of Wichita is revealing that residents’ personal information was stolen during the cyberattack that is affecting the City’s computer network.
Details >05/16/2024
Bibb County trying to restore its network after apparent cyber attack over the weekend
13 WMAZ
County spokesman Chris Floore said they're bringing the system back up, but slowly.
Details >05/16/2024
Ransomware attack forces Ascension hospitals to turn away some ambulances
ABC 7
Group that operates Ascension Resurrection in Chicago, St. Alexius in Hoffman Estates continuing to recover from cyberattack
Details >05/16/2024
Suspect remains at large after investigation opened into KC bank robbery
KCTV 5 Kansas City, MO
KANSAS CITY, Mo. (KCTV) - One suspect remains at large after the FBI opened an investigation into a morning bank robbery in Kansas City.
Details >05/16/2024
Miami-Dade tag agency clerk arrested in connection with $3M title fraud scheme
Miami News 7
MIAMI (WSVN) - A South Florida tag agency clerk has been arrested in connection with a $3 million title fraud scheme, officials said Tuesday.
Details >05/16/2024
Brothers arrested in alleged $25M crypto fraud scheme: DOJ
Fox Business
Federal authorities have arrested a pair of brothers for allegedly carrying out an elaborate plot to steal millions of dollars' worth of cryptocurrency in what officials say is a first-of-its-kind case.
Details >05/16/2024
One Step Ahead: How Community Banks and Credit Unions Can Cut Fraud Losses
The Financial Brand
Community banks and credit unions have a serious threat on their hands with consumer fraud losses exceeding $10 billion last year.
Details >05/13/2024
Synthetic ID Fraud Rises 98% in Auto Lending Industry
Bank Info Security
Synthetic identity fraudsters target the auto lending industry the most, leading to a 98% increase in attempts and a staggering $7.9 billion in losses for the industry in 2023.
Details >05/13/2024
Scam reports on the rise in Montana as fraudsters target unlikely demographic
Q2 Montana's News Leader
BILLINGS — According to the Federal Trade Commission, Montanans lost $21.1 million last year because of fraud, whether through impostor scams or identity theft.
Details >05/13/2024
How Did Authorities Identify the Alleged Lockbit Boss?
Krebs on Security
Last week, the United States joined the U.K. and Australia in sanctioning and charging a Russian man named Dmitry Yuryevich Khoroshev as the leader of the infamous LockBit ransomware group.
Details >05/10/2024
FBI says Florida seniors lost nearly $300 million to fraud last year
Bay News 9
SUN CITY CENTER, Fla. — More than $300 million was scammed out of seniors in Florida last year, according to the Federal Bureau of Investigation, making the state the second-highest in the nation for senior fraud.
Details >05/10/2024
Former Osceola Bank VP Pleads Guilty to $1.5 Million Fraud Scheme
United States Attorney's Office Western District of Missouri
KANSAS CITY, Mo. – A former bank vice president pleaded guilty in federal court today to embezzling more than $1.5 million from St. Clair County State Bank in Osceola, Mo.
Details >05/06/2024
Is it time to kill the paper check?
ABA Banking Journel
Checks aren’t dying on their own. Meanwhile check fraud is up exponentially while bankers await a killer app for payments.
Details >05/06/2024
Nashville woman loses life savings in ‘intricate’ identity theft scam
MSN
NASHVILLE, Tenn. (WKRN) —“They didn’t miss a beat.”
Details >05/06/2024
7 common banking scams (and how to avoid becoming a victim)
Yahoo Finance
You check your email and see an update about a new bank account in your name. Or perhaps you view your checking account statement and find unauthorized debit card transactions listed. Whatever the case, being the victim of a banking scam is a terrible feeling.
Details >05/06/2024
FINRA Fines SoFi $1.1M For Customer ID, Identity Theft Oversight
Wealth Management
According to the settlement letter, third parties used the firm’s cash management brokerage account to withdraw funds from accounts they’d illegally accessed at other financial institutions.
Details >05/06/2024
Woman accused of October bank heist surrenders to FBI
WBRZ
BATON ROUGE — A woman indicted in an October 2023 robbery at a Highland Road bank turned herself in to the FBI over the weekend.
Details >05/06/2024
Alexandria armed bank robbery suspect arrested in West Fargo
Red Lake Nation News
Alexandria police said Friday they had arrested a man who had remained at large for a day after allegedly robbing the Bremer Bank in downtown Alexandria, Minn., on Thursday.
Details >05/06/2024
Let’s talk about spam texts and emails
FTC
Another day, another round of spam texts and emails trying to sell you things.
Details >05/02/2024
Aqua Finance misled people about financing for home water treatment systems
FTC
At some point, most of us will rely on financing to buy the things we need or want. But what happens when financing terms aren’t clear? Or you’re told to expect a monthly payment amount, but end up paying more? That’s not only illegal, but it costs you money and can hurt your credit.
Details >05/02/2024
Elder Fraud, in Focus
FBI
Elder fraud reports to FBI’s Internet Crime Complaint Center rose by 14% in 2023.
Details >04/30/2024
FCC Fines Major U.S. Wireless Carriers for Selling Customer Location Data
Krebs on Security
The U.S. Federal Communications Commission (FCC) today levied fines totaling nearly $200 million against the four major carriers — including AT&T, Sprint, T-Mobile and Verizon — for illegally sharing access to customers’ location information without consent.
Details >04/30/2024
Entrust Unveils Identity Verification Solution to Fight Deepfakes
Crowdfund Insider
Entrust, a provider of payments, identities, and data security, this week announced a single-vendor enhanced authentication solution that integrates identity verification (IDV) and identity and access management (IAM) to fight deepfakes, phishing, account takeover (ATO) attacks and other threats.
Details >04/30/2024
AI is creating a new generation of cyberattacks
Help Net Security
Most businesses see offensive AI fast becoming a standard tool for cybercriminals, with 93% of security leaders expecting to face daily AI-driven attacks, according to Netacea.
Details >04/30/2024
The Price Cap on Russian Oil – Part 1: Increased OFAC Enforcement
The National Law Review
In June 2022, the Group of Seven (“G7”) countries—Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States—decided to pursue a policy to cap the price of Russian oil. In December 2022, the G7 countries, joined by Australia and the supranational European Union (together, the “Price Cap Coalition”) officially implemented measures to ban a range of services related to the maritime transport of Russian-origin crude oil wherever the price being paid for that oil was above a capped threshold.
Details >04/30/2024
Hospice care scam has FBI issuing warning after 'huge increase in complaints'
ABC 13 Eyewitness News
HOUSTON, Texas (KTRK) -- The Federal Bureau of Investigations is warning about a scam in which crooks sign people up for hospice care without their knowledge. The FBI has received numerous reports from victims in the Houston area about this costly scam.
Details >04/30/2024
North Iowa woman facing more bad check charges in SE Minnesota
KIMT3
PRESTON, Minn. – A North Iowa woman already serving time for passing bad checks in Fillmore County is now facing another trial.
Details >04/30/2024
Illinois men charged with stealing over $400K in checks from mailboxes; prosecutor
MSN
BENTON, Ill. (WTVO) — Four Illinois men are facing multiple federal charges from an apparent scheme involving mailboxes.
Details >04/30/2024
6 people arrested after trying to cash more than $46,000 in forged checks
KETK.com
TYLER, Texas (KETK) – Arrest records show that six people have been arrested after they reportedly tried to cash forged checks totaling $46,161.
Details >04/30/2024
Nevada Man Arrested and Indicted After Allegedly Stealing Over $7M Worth of Treasury Checks
United States Attorney's Office District of Utah
St. George, Utah – An indictment was unsealed today following the arrest of a Nevada man who was indicted earlier this month by a federal grand jury for multiple federal crimes, including bank fraud.
Details >04/30/2024
Man Who Mass-Extorted Psychotherapy Patients Gets Six Years
Krebs on Security
A 26-year-old Finnish man was sentenced to more than six years in prison today after being convicted of hacking into an online psychotherapy clinic, leaking tens of thousands of patient therapy records, and attempting to extort the clinic and patients.
Details >04/27/2024
3DS 2.0 Demands More Attention as Fraud Defense From Issuers and Merchants
PYMNTS
Dewald Nolte, chief strategy officer at Entersekt, said 3-D Secure (3DS), the security protocol that was refreshed seven years ago, is an essential tool in fighting fraud.
Details >04/27/2024
FIs Look to Advanced Technologies to Protect Faster Payments
PYMNTS
Disbursements are a critical part of the modern economy, with more than 170 million consumers in the United States receiving at least one within the past year.
Details >04/24/2024
Artificial intelligence may make identity theft easier
Microsoft Start
NEW HAVEN, Conn. (WTNH) — This week is identity theft awareness week, something that many people fall victim to in the U.S.
Details >04/24/2024
UnitedHealth Group admits to paying ransom after Change Healthcare cyber attack
ITPro
UnitedHealth Group, the parent company of Change Healthcare, has confirmed it paid the ransom to protect millions of potentially exposed customers
Details >04/24/2024
Cyber attack on water-control systems
Fox 26 Houston
HOUSTON - Concerns arise as it's believed that a flood in Muleshoe, Texas, was orchestrated by Russian cyber attackers, with the hacking group identifying themselves as the Cyber Army of Russia Reborn.
Details >04/24/2024
City employee pleads guilty to stealing checks mailed to Law Department, helping in fraud scheme
Audacy.com
NEW YORK (1010 WINS/WCBS 880) – A city employee, involved in a scheme, pleaded guilty on Monday to stealing checks mailed to the Law Department, altering them, and depositing the forged versions into other bank accounts, according to prosecutors.
Details >04/24/2024
Feeding Our Future fraud: Jury selection underway in first trial
Fox 9 KMSP
MINNEAPOLIS (FOX 9) - The first trial in the massive Feeding Our Future fraud case is finally underway after a lengthy investigation.
Details >04/24/2024
74-year-old Ohio woman charged with bank robbery was victim of a scam, family says
USA Today
A 74-year-old Ohio woman who was a victim of an online scam allegedly tried to remedy her financial issues by robbing a credit union, police said.
Details >04/08/2024
Fighting back against harmful voice cloning
FTC
If a call sounds like your boss (asking for bank account numbers) or your family member (begging for help in an emergency), you’re more likely to act.
Details >04/08/2024
Coincidence? Bank robber strikes while Wisconsin police investigate fake bomb threat
Audacy.com
(WBBM NEWSRADIO) — Police in Pleasant Prairie, Wis., are investigating a simultaneous bank robbery and bomb threat that happened Saturday afternoon.
Details >04/08/2024
LOCKED OUT My bank closed my new account after I deposited a check – they refused to return my $10k for a year until I got help
The Sun
A PARALEGAL found his newly opened bank account suddenly closed and frozen, with no clue how to recover the funds.
Details >04/07/2024
People are stealing checks from Mobile County mailboxes — how to protect yourself
WKRG News 5
MOBILE COUNTY, Ala. (WKRG) — The Mobile County Sheriff’s Office is warning residents after several reports of mail being stolen from mailboxes.
Details >04/07/2024
FBI Countering Cyber Threats Through ‘Joint, Sequenced Operations,’ Director Says
FBI News
FBI Director Christopher Wray described the Bureau’s aggressive efforts to counter cyber threats and go after attackers in an April 4 speech at a conference of leading cybersecurity experts.
Details >04/07/2024
Milwaukee woman stole $100K from employer, prosecutors say; new charges
Fox 6 Milwaukee
MILWAUKEE - A Milwaukee woman, already accused of stealing more than $100,000 from her former employer, is now charged with 11 more felonies that include forgery and identity theft.
Details >04/07/2024
Ex-Ameriprise Advisor Awaits Sentencing in $1.2M Fraud Case
Think Advisor
A former Ameriprise Financial advisor in Wichita Falls, Texas, is scheduled for sentencing later this month after pleading guilty to a fraud scheme in which she took more than $1.2 million from clients.
Details >04/07/2024
Urgent Warning: Stop Sending Checks in the Mail in Minnesota
KDHL
My dad totally still sends me a check in the mail for my birthday every single year. I give him crap about it every time, because I think checks are a thing of the past with modern digital options like Apple Pay, Venmo, and more.
Details >04/07/2024
Stolen identity victim incarcerated after Wisconsin man stole his identity 36 years ago
Milwaukee Journal Sentinel
A stolen identity victim was imprisoned, institutionalized and considered "crazy" after pleading his case that a Hartland, Wisconsin, man stole his name and Social Security number when the two worked together at a hotdog cart in Albuquerque, New Mexico, 36 years ago.
Details >04/07/2024
Lakeville Man Pleads Guilty to Attempted Robbery of a Credit Union
United States Attorney's Office District of Minnesota
ST. PAUL, Minn. – A Lakeville man has pleaded guilty to attempting to rob a credit union at gunpoint, announced U.S. Attorney Andrew M. Luger.
Details >03/31/2024
Samuel Bankman-Fried Sentenced to 25 Years for His Orchestration of Multiple Fraudulent Schemes
Office of Public Affairs U.S. Department of Justice
Samuel Bankman-Fried, also known as SBF, 32, of Stanford, California, was sentenced today to 25 years in prison, three years of supervised release, and ordered to pay $11 billion in forfeiture for his orchestration of multiple fraudulent schemes.
Details >03/31/2024
Thread Hijacking: Phishes That Prey on Your Curiosity
Krebs on Security
Thread hijacking attacks. They happen when someone you know has their email account compromised, and you are suddenly dropped into an existing conversation between the sender and someone else.
Details >03/31/2024
AT&T data breach: Millions of customers caught up in major dark web leak
BBC
Personal data belonging to 73 million current or former AT&T customers has been leaked online.
Details >03/30/2024
Billings man admits payroll check scheme to defraud Crow Tribe
United States Attorney's Office District of Montana
BILLINGS — A Billings man on Thursday admitted to a scheme in which he defrauded the Crow Tribe by receiving checks from the tribe’s payroll account, forging the payees and having the payees cash the checks, U.S. Attorney Jesse Laslovich said today.
Details >03/30/2024
Man pleads guilty to armed robbery in 2021 St. Cloud bank robbery
KFGO
ST. PAUL, Minn. – A Waite Park man has pleaded guilty to robbing a St. Cloud bank in May of 2021.
Details >03/30/2024
Federal Trade Commission warns of QR code scams
10 WJAR
ORLANDO, FL (Ivanhoe Newswire) — More than 94 million Americans will use their phones to scan a QR code this year.
Details >03/27/2024
The Apple Pay Threat Facing Banks
PYMNTS
A friend was preparing for a once-in-a-lifetime yoga retreat to a fancy resort in Malaysia.
Details >03/27/2024
Mozilla Drops Onerep After CEO Admits to Running People-Search Networks
Krebs on Security
The nonprofit organization that supports the Firefox web browser said today it is winding down its new partnership with Onerep, an identity protection service recently bundled with Firefox that offers to remove users from hundreds of people-search sites. The move comes just days after a report by KrebsOnSecurity forced Onerep’s CEO to admit that he has founded dozens of people-search networks over the years.
Details >03/27/2024
Only 22% of Companies Tap Recovery Tools for Failed Cross-Border Payments
PYMNTS
Many eCommerce merchants in the United States want to expand their businesses through cross-border sales, but cross-border transactions are not without pain points.
Details >03/27/2024
SpyCloud Report: 61% of Data Breaches in 2023 Were Malware Related
Business Wire
AUSTIN, Texas--(BUSINESS WIRE)--SpyCloud, the leader in Cybercrime Analytics, today released its 2024 SpyCloud Identity Exposure Report, an annual report examining the latest trends in cybercrime and their impact on individuals and organizations. SpyCloud researchers recaptured 43.7 billion distinct identity assets in 2023, including nearly four times more personally identifiable information (PII) assets than in 2022 — over 32 billion, compared to last year’s 8.6 billion.
Details >03/27/2024
Man robbed at ATM drive-thru in Butler County
CBS News
BUTLER, Pa. (KDKA) -- State police are investigating after a man said he was robbed at a drive-thru ATM in Butler.
Details >03/25/2024
Minnesota man arrested for Sioux Falls bank robbery
Dakota News Now
SIOUX FALLS, S.D. (Dakota News Now) - Sioux Falls police responded to a bank robbery in southwest Sioux Falls Friday morning.
Details >03/25/2024
3 Virginia men charged with robbing USPS carriers, stealing mail for use in bank fraud
The Daily Progress
Three Virginia men on Friday were charged in connection with a scheme to rob U.S. Postal Service mail carriers at gunpoint and steal arrow keys used to access USPS collection mailboxes in order to obtain checks, credit cards and sensitive financial information.
Details >03/21/2024
Utah man sentenced for wire fraud during pretrial release for separate wire fraud case
2KUTV
SALT LAKE CITY (KUTV) — A Midvale, Utah, man on Monday was sentenced to 41 months in prison followed by three years of supervised release for wire fraud and contempt of court committed while on pretrial release for a separate securities fraud case.
Details >03/21/2024
Fighting Fraud With AI: Part Man, Part Machine, All Cop
PYMNTS
In financial services, technological advances open new doors and new avenues for fraud.
Details >03/21/2024
FCC Announces Effective Date for SIM Swapping Item
Federal Communications Commission
At its November 15, 2023, Open Meeting, the FCC adopted a Report and Order implementing new rules to protect cell phone consumers from SIM swap and port-out fraud, two practices that bad actors use to take control of consumers’ cell phones.
Details >03/21/2024
Florida man sentenced for ‘PPP’ fraud, identity theft
U.S. Immigration and Customs Enforcement
JACKSONVILLE, Florida – A joint investigation has led to a five-year prison sentence for a Florida man on two counts of wire fraud, two counts of aggravated identity theft and one count of theft of government property over $1,000 and ordered to pay $363,099 in restitution.
Details >03/21/2024
3 ‘little rascals’ — one as young as 11 — arrested for Houston-area Wells Fargo bank heist
New York Post
A trio of tiny bank robbers dubbed the “little rascals” were arrested by the FBI Tuesday for allegedly robbing a Wells Fargo in Houston.
Details >03/21/2024
The Not-so-True People-Search Network from China
Krebs on Security
It’s not unusual for the data brokers behind people-search websites to use pseudonyms in their day-to-day lives (you would, too).
Details >03/19/2024
Bank robbery suspects tied to Michigan heist
The Elkhart Truth
ELKHART — Details about a bank robbery in downtown Elkhart were revealed Monday after bail was set for two subjects arrested in the case Thursday just hours after the incident.
Details >03/17/2024
Article: Fraud Protection
Tri-State Livestock News
You open your computer one morning and you have a standard-looking pop-up from Microsoft telling you your computer needs support and has been hacked. It looks exactly like every sort of warning you’ve seen before.
Details >03/17/2024
Social Security employee steals $1.8 million in funds by filing fake claims, feds say
Yahoo News
A former employee for the Social Security Administration is accused of abusing her position to steal $1.8 million in benefits over a 12-year span. She’s facing federal charges in Puerto Rico.
Details >03/17/2024
West Virginia bank robbery suspect demands $1: Court docs
News Nation
SUMMERSVILLE, WV (WOWK) – A man has been arrested in connection to a bank robbery in Nicholas County.
Details >03/17/2024
2 arrested in morning bank robbery
The Elkbart Truth
ELKHART IN — Two subjects were taken into custody Thursday after police were called to a bank robbery on North Main Street.
Details >03/12/2024
Incognito Darknet Market Mass-Extorts Buyers, Sellers
Krebs on Security
Borrowing from the playbook of ransomware purveyors, the darknet narcotics bazaar Incognito Market has begun extorting all of its vendors and buyers, threatening to publish cryptocurrency transaction and chat records of users who refuse to pay a fee ranging from $100 to $20,000.
Details >03/12/2024
Signs of employment identity theft and how to protect yourself from being a victim
CBS 17
RALEIGH, N.C. (WNCN) — A stranger holding a job in your name…it’s called employment identity theft and it’s a growing problem.
Details >03/12/2024
Crypto scams are robbing Americans blind
KTLA 5
According to a new report from the FBI, internet financial crime in the United States reached $12.5 billion in 2023, a 22% increase over the prior year.
Details >03/12/2024
$6.8 million pandemic fraud scheme leader sentenced to 5 years in prison
NBC 24 News
SEATTLE (KOMO) — The leader of a fraud ring that stole more than $6.8 million in pandemic benefits from nearly every major COVID-19 pandemic assistance program was sentenced to prison.
Details >03/12/2024
Berkeley County man sentenced to prison for bank fraud
The Berkeley Independent
Cordero Prioleau, 35, of Ladson, was sentenced to two and a half years in federal prison after pleading guilty to conspiracy to bank fraud.
Details >03/12/2024
Arkansas man serves time for multi-state check fraud scheme
1011 Now
LINCOLN, Neb. (KOLN) - An Arkansas man was sentenced for his role in a multi-state check fraud scheme that caused more than $64,000 in losses across the Midwest.
Details >03/12/2024
Will your bank or investment fund stop a transfer to a scammer? Probably not
FTC
We expect banks and brokers to keep our money safe. We think they’ll stop or warn us about suspicious transfers out of our accounts. But do they?
Details >03/12/2024
Gangs find new way to rob ATMs: Follow the repairmen
Florida Politics
'This tactic is low risk and high reward.' Two men in a Houston-based criminal gang have pleaded guilty in federal court after being charged as part of a roving nationwide ATM crime spree in which a new method was used to break into cash machines, robbing banks in Florida and other states and netting hundreds of thousands of dollars.
Details >03/12/2024
Milwaukee ID theft; woman gets 5 years in prison
AOL
MILWAUKEE - A 26-year-old woman was sentenced on Friday, March 8 to five years in prison in connection to identity theft crimes.
Details >03/12/2024
Jackson man sentenced for conspiracy to commit bank fraud, aggravated identity theft
MSN
JACKSON, Miss. (WLBT) - A judge sentenced a Jackson man to 26 months in prison for conspiracy to commit bank fraud and aggravated identity theft.
Details >03/12/2024
Unidentified man arrested for fake ID
Nwestiowa.com
SHELDON—The Sheldon Police Department is trying to identify a man who has been arrested for possession of fictitious license, ID card or form.
Details >03/12/2024
Romanian Woman Sentenced for Possession of Device Making Equipment and Aggravated Identity Theft
US Attorney's Office District of Nebraska
United States Attorney Susan Lehr announced that Mona Maria Tataru, 32, a Romanian citizen whose most recent address was in Los Angeles, California, was sentenced on March 8, 2024, in federal court in Omaha, Nebraska, for possession of device making equipment with intent to defraud and aggravated identity theft.
Details >03/10/2024
BBB Scam Alert: The "Can you hear me?" phone scam is still ringing (hint: Just hang up!)
BBB
The “Can you hear me?” scam has been targeting consumers for quite some time.
Details >03/10/2024
Tri-State woman’s identity stolen to make forged temporary ID
Fox 19
CINCINNATI (WXIX) - A suspect in the Hamilton County Jail following an indictment for stealing a woman’s identity to make false BMV intermittent paperwork and forge checks.
Details >03/10/2024
Microsoft's senior executives targeted in Russian hackers' password spray attack
Business Insider
Russian state-backed hackers have been targeting Microsoft systems, the company announced in a blog update.
Details >03/10/2024
A cyber warning for health care
Star Tribune
Attack on UnitedHealth Group-owned company has had a broad, harmful impact. Company has faced criticism from medical providers for its response. This is an opportunity to step up.
Details >03/10/2024
These 10 costly scams are most rampant. Here are the red flags to look for
Fox 8
(NEXSTAR) – As technology gets more sophisticated, so do scammers. As bad actors adapt to the times, cryptocurrency scams are becoming a bigger problem, duping Americans out of huge sums, the Better Business Bureau said.
Details >03/10/2024
2 women drove dead elderly man’s body to bank to withdraw money, police say
KTIV Sioux City IA
ASHTABULA COUNTY, Ohio (WOIO/Gray News) - Two Ohio women were arrested after telling police they drove a dead man’s body to the bank and then left it at a hospital.
Details >03/10/2024
Georgia Man Ends Life After Multi-State Manhunt, Bank Robbery Standoff at Illinois Truck Stop
Hoodline
A man from Georgia met a grisly end by taking his own life after a nearly 8-hour standoff with police at an Illinois truck stop following a bank robbery in Shelby Township, authorities said.
Details >03/10/2024
These New York Area Codes Are Used Most By Scammers
The New 96.1
How many times has your phone gone off and you notice an area code that you are not familiar with or know isn't one from where your friends and family live?
Details >03/10/2024
Officials warn SNAP recipients about potential fraud
WHIO TV 7
The Ohio Department of Job and Family Services is warning Supplemental Nutrition Assistance Program benefits recipients of potential fraud.
Details >03/10/2024
How imposters are trying to exploit your grief and wallet in a new funeral scam
Cyber Guy
Just when you thought you’d seen the worst of humanity, scammers have managed to reach a new low. You thought the Facebook scam about how scammers are commandeering people’s Facebook profiles with fake bereavement posts was terrible? It gets worse.
Details >03/10/2024
Quincy man pleads guilty to $1 million bank fraud scheme involving counterfeit checks
The Patriot Ledger
BOSTON – A Quincy man pleaded guilty in federal court in Boston to a million-dollar bank fraud scheme in which he deposited hundreds of counterfeit checks, the U.S. attorney's office said.
Details >03/10/2024
Arkansas man sentenced in Omaha courtroom in multi-state check fraud scheme
WOWT
OMAHA, Neb. (WOWT) - The following is a list of federal sentences handed down Friday in Omaha, as provided by U.S. Attorney Susan Lehr’s office in the District of Nebraska.
Details >03/10/2024
Tuscaloosa man charged with securities fraud in $400k investment scheme
ABC 3340
TUSCALOOSA, Ala. (WBMA) — A Tuscaloosa man was arrested and charged with multiple state securities law violations.
Details >03/07/2024
‘Pig Butchering’ Scams Pose Growing Risk to Businesses
PYMNTS
Behavioral fraud and social engineering scams are getting more dangerous for businesses.
Details >03/07/2024
Can Paying in Cryptocurrency Keep Your Data Safe?
IT Security Guru
We have witnessed cryptocurrency’s rise from speculation to popularity because of the many benefits it offers and the financial gaps it has managed to fill in many industries, including finance, retail, entertainment, and many more.
Details >03/07/2024
Pennsylvania Attorney General calls for Meta to investigate account takeovers
ABC 27
HARRISBURG, Pa. (WHTM) — Pennsylvania Attorney General Michelle Henry announced that she along with 40 other Attorneys General has sent a letter to Facebook and Instagram owner Meta asking them for an investigation into a spike of account takeovers.
Details >03/07/2024
Illinois Man Sentenced in $150,000 Bank Fraud Scheme
U.S. Attorney's Office Western District of Tennessee
Memphis, TN – A federal judge in Memphis sentenced Danville, Illinois native Joseph Willis, 44, to more than two years in prison for bank fraud. United States Attorney Kevin G. Ritz announced the sentence today.
Details >03/07/2024
Butte PD arrests man for armed burglary of Rocker Inn, links suspect to other recent crimes in the area
Longview News-Journal
BUTTE, Mont. - An arrest was made Wednesday in the Rocker Inn robbery case outside of Butte, linking one Butte man to multiple recent crimes in the area.
Details >03/06/2024
Younger Consumers Drive Surge in Peer-to-Peer Payments App Popularity
PYMNTS
Peer-to-peer (P2P) payments have grown increasingly popular in the past several years. This is especially true for younger consumers, who prefer a digital-first payment experience.
Details >03/06/2024
Amex cardholder data exposed in merchant processor hack
Payments Dive
The point-of-sale attack on a merchant processor may have compromised account information of the company’s cardholders, Amex said in a state regulatory filing.
Details >03/06/2024
Hackers claim Minnesota-based UnitedHealth Group paid $22M ransom for patient, employee data, reports say
KSTP-TV
New reports claim the Minnetonka-based health insurer UnitedHealth Group may have paid millions of dollars to hackers after a cyberattack two weeks ago.
Details >03/05/2024
BlackCat Ransomware Group Implodes After Apparent $22M Payment by Change Healthcare
Krebs on Security
There are indications that U.S. healthcare giant Change Healthcare has made a $22 million extortion payment to the infamous BlackCat ransomware group (a.k.a. “ALPHV“) as the company struggles to bring services back online amid a cyberattack that has disrupted prescription drug services nationwide for weeks.
Details >02/29/2024
Rising Check Fraud in Methuen: Victims, Police Response, and Prevention Tips
BNN Breaking
In Methuen, Massachusetts, a worrying trend of check fraud has emerged, with criminals increasingly targeting mailed checks for alteration and subsequent cashing, exploiting the trust and traditional methods of transaction used by many, particularly the elderly.
Details >02/29/2024
Feds charge Detroit woman in scheme to steal homes from owners
The Detroit News
A Detroit woman has been charged in a federal criminal complaint for allegedly running a scheme that stole houses from dozens of Detroiters, officials said.
Details >02/29/2024
Five Defendants Arrested for Engaging in Sophisticated ATM Skimming Schemes Involving Theft of Account Information and PIN Numbers from Unsuspecting Bank Customers
United States Attorney's Office Eastern District of New York
Defendants Installed Skimming Devices and Cameras in ATMs to Steal Customer Information and then Used that Information to Withdraw Cash and Make Purchases
Details >02/29/2024
Is charging phones using public ports safe? The RBI warns about juice jacking
Firstpost
Many individuals frequently go to coffee shops, stores, and other locations with charging ports when their phone’s battery runs low.
Details >02/29/2024
Calendar Meeting Links Used to Spread Mac Malware
Krebs on Security
Malicious hackers are targeting people in the cryptocurrency space in attacks that start with a link added to the target’s calendar at Calendly, a popular application for scheduling appointments and meetings
Details >02/29/2024
Edina Financial Adviser Charged with Wire Fraud for Stealing $1.6 Million from Clients
United States Attorney's Office District of Minnesota
MINNEAPOLIS – An Edina financial adviser has been charged with wire fraud after misappropriating $1.6 million in client investment funds, announced United States Attorney Andrew M. Luger.
Details >02/29/2024
Fulton County, Security Experts Call LockBit’s Bluff
Krebs on Security
The ransomware group LockBit told officials with Fulton County, Ga. they could expect to see their internal documents published online this morning unless the county paid a ransom demand
Details >02/29/2024
UnitedHealth confirms 'Blackcat' group behind recent cyber attack
NASDAQ
Feb 29 (Reuters) - UnitedHealth Group UNH.N said on Thursday that the recent cyberattack at its tech unit, Change Healthcare, was perpetrated by hackers who identified themselves as the 'Blackcat' ransomware group.
Details >02/29/2024
2 charged with forgery after printing fake checks in Iowa hotel
KCCI Des Moines
IOWA CITY, Iowa (KCRG) — Two people have been charged with four counts of forgery each after police say they discovered a check printing scheme at an Iowa City hotel in December 2022, according to KCRG.
Details >02/29/2024
Three arrested in relation to extensive check fraud scheme
TriState Home Page
HENDERSON, Ky. (WEHT) – Three men were arrested in Evansville on fraud and forgery charges.
Details >02/29/2024
Iowa City Hotel Scheme Unraveled: Two Charged in Forged Check Operation
BNN Breaking News
In a startling revelation, a sophisticated check printing scheme was uncovered at Hotel Chauncey in Iowa City, leading to charges against two individuals.
Details >02/29/2024
Sophisticated cyber criminals target Reno locals through SIM swap identity theft
News 4
RENO, Nev. (News 4 & Fox 11) — Criminals are targeting information kept in a cell phone and by doing so, they're able to steal someone's identity.
Details >02/28/2024
Former Alabama Mail Carrier Gets 30 Months In Prison For Fraud, Aggravated Identity Theft
Tampa Free Press
An Alabama woman was sentenced to 30 months in prison for conspiracy, bank fraud, aggravated identity theft, and theft of a United States Postal Service (“USPS”) key.
Details >02/27/2024
FBI’s LockBit Takedown Postponed a Ticking Time Bomb in Fulton County, Ga.
Krebs on Security
The FBI’s takedown of the LockBit ransomware group last week came as LockBit was preparing to release sensitive data stolen from government computer systems in Fulton County, Ga
Details >02/27/2024
Synchrony Says KYC Will Determine Authentication’s Future
PYMNTS
Authentication in the payments space is continuously evolving.
Details >02/27/2024
Hackers Hijack Websites to Inject Malware that Steals User Credentials
Cyber Security News
Concerning a development for internet security, a new form of website malware known as “Angel Drainer” has been increasingly targeting Web3 and cryptocurrency assets since January 2024.
Details >02/27/2024
PayPal files patent for new method to detect stolen cookies
Bleeping Computer
PayPal has filed a patent application for a novel method that can identify when "super-cookie" is stolen, which could improve the cookie-based authentication mechanism and limit account takeover attacks.
Details >02/27/2024
Building a Cyber Insurance Backstop Is Harder Than It Sounds
LawFare Media
Insurers argue that a government backstop would help them cover catastrophic cyberattacks, but it’s not so simple.
Details >02/27/2024
Hampton County School District victim of cyber attack; SLED, law enforcement investigating
Bluffton Today
Law enforcement is investigating and the Hampton County School District is now taking increased precautions after an almost-successful cyber attack last week.
Details >02/27/2024
Lockbit cybercrime gang says it is back online following global police bust
Reuters
LONDON, Feb 26 (Reuters) - Lockbit, the cybercrime gang that was knocked offline by a comprehensive international police operation earlier this month, says it has restored its servers and is back in business.
Details >02/27/2024
Change Healthcare provides update on cyberattack
Security Magazine
Change Healthcare, a technology company primarily used for pharmaceutical communication, has notified users and patients of a cyberattack.
Details >02/27/2024
Deputies searching for Sarasota bank robber who demanded money and ran
AOL
SARASOTA, Fla. - A man demanded money from a teller at Fifth Third Bank in Sarasota and got away on Saturday, according to deputies.
Details >02/27/2024
'Everybody Is Just Scrambling': Nationwide Cyber Attack Delays Bay Area Pharmacy Orders
KQED
People across the Bay Area are clamoring to fill essential medications after a cyber attack last Wednesday disrupted data transmission lines between health care providers, insurance companies and pharmacies.
Details >02/27/2024
‘Penguin bandit’ charged after series of bank robberies in Denver
Fox 31
DENVER (KDVR) — In January, police were looking for a bank robbery suspect based on his walk. On Friday, the United States Attorney’s Office for the District of Colorado announced the charges against the suspected “penguin bandit.”
Details >02/27/2024
Alleged bank robber arrested in Gallatin
WKRN.com
GALLATIN, Tenn. (WKRN) – A man was arrested Monday just minutes after allegedly robbing a bank in Gallatin.
Details >02/23/2024
New Leak Shows Business Side of China’s APT Menace
Krebs On Security
A new data leak that appears to have come from one of China’s top private cybersecurity firms provides a rare glimpse into the commercial side of China’s many state-sponsored hacking groups.
Details >02/23/2024
Cyberattacks are the No. 1 worry for business leaders—and AI may be able to help
Fortune
Executives consider cyberattacks the top threat to their companies, and artificial intelligence only exacerbates the risk by helping hackers infiltrate computer systems more quickly and effectively. But AI can also help protect businesses.
Details >02/23/2024
Change Healthcare Cyber-Attack Leads to Prescription Delays
Infosecurity Magazine
Health tech firm Change Healthcare, part of Optum, has been hit by a cyber-attack, leading to delays in prescriptions being issued to patients.
Details >02/23/2024
FBI Warns of ‘Unprecedented Increase’ in Chinese Cyberattacks on US Infrastructure
Homeland Security Today
FBI Director Christopher Wray said that the agency is “laser-focused” on deterring the threat posed by China that is capable of undermining U.S. national security
Details >02/23/2024
Two Individuals Convicted for $11M COVID-19 Relief Fraud Scheme
U.S. Department of Justice
A federal jury in Atlanta convicted a Georgia man and woman yesterday for their roles in an over $11 million Paycheck Protection Program (PPP) fraud scheme.
Details >02/23/2024
Campbell County Man Sentenced for Fraud Using Counterfeit Money
U.S. Attorney's Office Eastern District of Kentucky
COVINGTON, Ky. – A Melbourne, Ky., man, Timothy Noble, 35, was sentenced on Wednesday, by Chief U.S. District Judge Danny C. Reeves, to a total of 40 months incarceration, for passing counterfeit money with the intent to defraud.
Details >02/23/2024
Durham Police seek help identifying suspect in bank robbery
ABC 11 News
DURHAM, N.C. (WTVD) -- Durham Police are asking for help in identifying a man who robbed a bank Wednesday morning.
Details >02/23/2024
FBI: Waldo UMB Bank robbery suspect gets away with cash, threatened teller with explosive device
KSHB Kansas City
KANSAS CITY, Mo. — The Kansas City, Missouri, Police Department and FBI are investigating a bank robbery in the Waldo neighborhood Thursday.
Details >02/23/2024
Federal Jury Convicts Minneapolis Man for Insider Trading Scheme
U.S. Attorney's Office District of Minnesota
ST. PAUL, Minn. – A federal jury has convicted a Minneapolis man in an insider trading conspiracy involving nonpublic negotiations for the acquisition of a medical device company valued at $1.6 billion, announced First Assistant U.S. Attorney Ann M. Bildtsen.
Details >02/23/2024
Police: Woman in Wisconsin tries robbing two banks in same day, arrested after police chase
MSN WFRV Green Bay
FITCHBURG, Wis. (WFRV) – A woman who was on extended supervision for prior bank robbery convictions was arrested after allegedly robbing one Wisconsin bank and attempting to rob another on the same day.
Details >02/23/2024
Task Force KleptoCapture Announces Array of New Charges, Arrests, and Forfeiture Proceedings in Advance of Second Anniversary of Illegal Invasion of Ukraine
U.S. Department of Justice
United States seeks forfeiture of $2.5 million in luxury properties, makes two arrests, charges two sanctioned oligarchs, and secures guilty plea in significant money laundering case
Details >02/23/2024
CFPB may take legal action against Block
Payments Dive
The bureau has informed the digital payment company it’s weighing legal action related to a Cash App probe.
Details >02/21/2024
Identity theft on the rise in North Alabama as tax season nears its peak
WAAY TV
As peak tax season arrives, scammers are looking to take advantage of you and your hard-earned money.
Details >02/21/2024
Two sent to prison for stealing nearly $3m in IRS refunds
IRS
HOUSTON — Two men have been sentenced for their roles in a scheme to cash stolen tax checks, announced U.S. Attorney Alamdar S. Hamdani.
Details >02/21/2024
Evangelist, five others to die by hanging for bank robberies in Ondo
Vanguard
An Akure High Court, in Ondo state, has sentenced a popular Akure based Evangelist, Adewale Adelu, and five others to death by hanging for robbing two different banks in the state, 13 years ago.
Details >02/21/2024
Former bank manager sentenced to 3+ years in prison for theft from customer accounts
United States Attorney's Office District of Washington
Stole more than $1 million from bank customers – preyed on those who were disabled or elderly and less apt to monitor accounts
Details >02/21/2024
Nigerian Man Extradited from the United Kingdom to Bismarck, North Dakota on Wire Fraud, Mail Fraud, and Money Laundering Charges
United States Attorney's Office District of North Dakota
BISMARCK – United States Attorney Mac Schneider announced that on February 12, 2024, Nigerian citizen Christopher Agbaje made an initial appearance in the United States District Court for the District of North Dakota, on charges of 1) Wire Fraud; 2) Mail Fraud; and 3) Money Laundering.
Details >02/20/2024
Feds Seize LockBit Ransomware Websites, Offer Decryption Tools, Troll Affiliates
Krebs on Security
U.S. and U.K. authorities have seized the darknet websites run by LockBit, a prolific and destructive ransomware group that has claimed more than 2,000 victims worldwide and extorted over $120 million in payments.
Details >02/20/2024
Serial swindler busted after hitting multiple powersports dealerships
Power Sports Business
A Minnesota man with a lengthy history of theft and check fraud is now charged with stealing more than $200,000 from a dozen Twin Cities businesses, according to a Fox 9 report.
Details >02/20/2024
Police, FBI searching for suspect who robbed Brighton bank
Denver 7
BRIGHTON, Colo. — The Brighton Police Department and Federal Bureau of Investigation are searching for a suspect who robbed a Brighton bank Monday afternoon.
Details >02/20/2024
U.S. and U.K. Disrupt LockBit Ransomware Variant
Office of Public Affairs U.S. Department of Justice
U.S. Indictment Charges Two Russian Nationals with Attacks Against Multiple U.S. and International Victims; FBI Seizes Infrastructure; and Department of Treasury Takes Additional Action Against LockBit
Details >02/20/2024
Older people lose $28B to scams, maybe due to a more trusting nature
Investment News
Older people may be at greater risk of missing warning signs that suggest a potential scam from someone they know, according to new research from the University of Florida.
Details >02/20/2024
Non-profit check fraud scam appears to span states
Keloland.com
SIOUX FALLS, S.D. (KELO) — A wide-reaching attempt to scam non-profits has targeted a number of South Dakota organizations.
Details >02/20/2024
Federal regulators are probing whether Cash App leaves door open to money launderers, terrorists
NBC News
The payment app, used by millions and celebrated by rappers, “had no effective procedure" to establish the true identity of customers, two whistleblowers told officials.
Details >02/20/2024
Four accused in Missouri of a nationwide financial scam targeting the elderly
KTTN.com
Four men from California have been indicted in connection with a nationwide tech support fraud scam targeting the elderly.
Details >02/20/2024
Experts urge senators to act in the fight against financial fraud
AFR News
Americans are reporting fewer frauds since a peak in 2021. However, experts at a Jan. 31 Senate hearing said scammers are only getting better at extracting more money from their victims.
Details >02/16/2024
Charges: Teens robbed man they met through Facebook Marketplace
Bring Me The News
Minneapolis police are investigating their connection to a wider wave of armed robberies in the city in recent weeks.
Details >02/16/2024
Social Security Publishes Proposed Rule for Payroll Information Exchange to Reduce Improper Payments
SSA
Today, the Social Security Administration published a proposed rule, “Use of Electronic Payroll Data to Improve Program Administration,” describing the agency’s plans for accessing and using information from payroll data providers to reduce improper payments, including overpayments, which improves service to customers.
Details >02/16/2024
Government impersonators mail fake notices to business owners
FTC
You’ve heard about scammers who pose as government workers, calling to demand your money or information.
Details >02/15/2024
ND consumers lost millions to scams
Minot Daily News
North Dakota consumers submitted 3,181 fraud reports in 2023, according to newly released data from the Federal Trade Commission. The state’s consumers reported losing more than $15.66 million to fraud, with a median loss of $500.
Details >02/15/2024
More than half of P2P fraud victims lose money: AARP
Payments Dive
“When it comes to addressing instances of financial exploitation, consumers are less likely to trust P2P platforms than banks and credit unions,” an AARP survey reported.
Details >02/15/2024
U.S. Internet Leaked Years of Internal, Customer Emails
Krebs on Security
The Minnesota-based Internet provider U.S. Internet Corp. has a business unit called Securence, which specializes in providing filtered, secure email services to businesses, educational institutions and government agencies worldwide.
Details >02/15/2024
Woman robbed by people pretending to be good Samaritans outside Gardena bank
NBC Los Angeles
Juana Gutiérrez said she was robbed by a couple of people pretending to be good Samaritans outside a Gardena bank.
Details >02/15/2024
Ransomware attack believed to be behind Fulton County cybersecurity incident, officials say
Atlanta News First
ATLANTA, Ga. (Atlanta News First) - A ransomware attack is believed to be behind a “cybersecurity incident” that left several Fulton County government services unavailable for weeks, according to officials.
Details >02/15/2024
Man jailed after attempted bank robbery in Hoover
Trussvilletribune.com
HOOVER — A Birmingham man who attempted a bank robbery in Hoover is behind bars tonight, according to Hoover Police. Ian Everett D’Arpa, 46, of Birmingham is being held without bond.
Details >02/15/2024
CFPB’s proposed rule would cripple government fraud prevention effo
The Hill
In the aftermath of the most damaging and widespread fraud event in our history, this would be an exceptionally bad time to tie government agencies’ hands in protecting citizens and preventing fraud.
Details >02/15/2024
Home security video catch person taking mail that results in $8,000 worth of fraudulent checks
ABC 11 News
HARNETT COUNTY, NC (WTVD) -- Mail was stolen right out of a homeowner's mailbox and a homeowner in Harnett County caught it all on camera.
Details >02/15/2024
Non-profit check fraud scam appears to span states
KeloLand.com
SIOUX FALLS, S.D. (KELO) — A wide-reaching attempt to scam non-profits has targeted a number of South Dakota organizations.
Details >02/15/2024
India-based computer-hacking scam that targeted elderly across the country and stole $150,000 from a Kalispell woman sends Indian national to prison for more than four years
United States Attorney's Office District of Montana
MISSOULA — A federal judge today sentenced an Indian national to four years and three months in prison for his role in stealing $150,000 from a Kalispell woman through an international computer-hacking scheme that targeted elderly Americans nationwide and resulted in more than $1.2 million in total losses, U.S. Attorney Jesse Laslovich said.
Details >02/15/2024
Department of Revenue will start reissuing over 128,000 expired one-time tax rebate checks next week
Minnesota Department of Revenue
ST. PAUL, Minn. - The Minnesota Department of Revenue announced today that they will be reissuing over 128,000 one-time tax rebate checks that have gone uncashed and subsequently expired after their November and December issuance dates. The mailing of reissued checks will start next week and should be completed by mid-March.
Details >02/15/2024
Bitcoin Depot CEO weighs in on new California law
Payments Dive
Bitcoin Depot CEO Brandon Mintz contends a new California law will “create economic challenges” for his company and other crypto ATM operators.
Details >02/15/2024
Georgia Man Sentenced for Bank Fraud Conspiracy and Identity Theft
United States Attorney's Office District of New Hampshire
CONCORD – A Georgia man was sentencing today in federal court in Concord for conspiracy to commit bank fraud and two counts of aggravated identity theft, United States Attorney Jane E. Young announces.
Details >02/14/2024
Three large blue USPS mail collection boxes stolen in St. Paul, later found
Pioneer Press
In an unusual theft, three large blue U.S. Postal Service mail collection boxes were stolen in St. Paul and later found.
Details >02/12/2024
Montana residents lose $21M in 10,000 fraud cases in 2023
NBC Montana
MISSOULA, Mont. — New data shows the Federal Trade Commission received nearly 9,729 reports from consumers in Montana in 2023. That includes just under 5,999 fraud reports from consumers who reported losing $21,093,571 to scams last year, with a median loss of $500.
Details >02/12/2024
Facts about fraud from the FTC – and what it means for your business
FTC
The FTC just issued its 2023 Consumer Sentinel Network Data Book jam-packed with facts about the kind of scams consumers have reported to us.
Details >02/12/2024
Smart Helmets Flaw Exposed Millions to Risk of Hacking and Surveillance
Hack Read
According to cybersecurity firm Pen Test Partners, Livall’s smart helmets had an inherent flaw that could lead to the leaking of critical, sensitive user information including location data.
Details >02/12/2024
Could China Unleash a Cyber Pearl Harbor?
Breitbart
FBI Director Warns That Chinese Hackers Are Preparing to Inflict “Real-World Harm” on Americans
Details >02/12/2024
Elderly Couple Reclaims Life Savings from Check Washing Scam
BNN Breaking
An elderly couple in Cicero, Illinois nearly lost their life savings to a check washing scam. After a five-month struggle, their daughter's determination led to the return of their hard-earned money. This incident highlights the growing prevalence of check washing scams and the importance of financial literacy and secure banking practices.
Details >02/12/2024
Nearly 40 people in Wisconsin have been charged with defrauding COVID funds
Wausau Pilot & Review
During the pandemic, the federal government distributed a massive $4.2 trillion to local governments, businesses and people. Some of those funds were stolen, and one estimate puts the amount in the hundreds of billions of dollars.
Details >02/12/2024
NY AG Alleges $3 Billion Fraud in Updated Crypto Scam Case
PYMNTS
New York has expanded what had been a $1 billion lawsuit against three cryptocurrency companies.
Details >02/09/2024
Credential Stuffing: Who Owns the Risk?
Security Boulevard
Kasada was recently in the news after identifying a credential stuffing campaign targeting Australian retail, fast food, and entertainment outlets.
Details >02/09/2024
Criminals turn to low-tech ‘check washing’ as online fraud made harder
The Reminder
LONGMEADOW — Online financial transactions have been a major path for theft and identity fraud for years. As more safeguards have been put in place to protect against those crimes, thieves have shifted back to more low-tech methods of stealing from the public.
Details >02/09/2024
Juniper Support Portal Exposed Customer Device Info
Krebs on Security
Until earlier this week, the support website for networking equipment vendor Juniper Networks was exposing potentially sensitive information tied to customer products, including which devices customers bought, as well as each product’s warranty status, service contracts and serial numbers.
Details >02/09/2024
The Vital Role of Defensive AI: Safeguarding the Future
FORTRA
In recent times, the remarkable advancement of AI has revolutionized our technological landscape. Its profound benefits have not only enhanced the efficiency of our daily operations but also induced transformative shifts across industries.
Details >02/09/2024
WhatsApp Scams in 2024: How to Spot a Fake
FORTRA
Last year, text scammers prowling around on messaging platforms like WhatsApp sent a staggering 19 million messages in December alone. When ploys like these can rake up over $10 million in a matter of months, it's easy to see why.
Details >02/09/2024
Surge in deepfake "Face Swap" attacks puts remote identity verification at risk
FORTRA
New research shows a 704% increase in deepfake "face swap" attacks from the first to the second half of 2023.
Details >02/09/2024
Strengthening Fraud Mitigation with Evolving Online Authentication Methods
The Federal Reserve FedPayments Improvement
When consumers and businesses make payments online, they typically focus on making sure recipients receive their payments on time, so they don’t incur late fees. Fraud is likely not on their minds.
Details >02/09/2024
Think you know what the top scam of 2023 was? Take a guess
FTC
Every day people report to the FTC the scams they spot. Every year, the FTC shares the information we collect in a data book which tells a story about the top scams people tell us about – so we can all spot and avoid them.
Details >02/07/2024
APP Fraud in Focus as Digital Tools Redefine Prevention Tactics
PYMNTS
The widespread adoption of person-to-person (P2P) payment apps and services has fueled a surge in credit-push payment volume, a trend that has been further accelerated by the recent introduction of real-time payments in the United States.
Details >02/07/2024
Whitepaper: Why Microsoft’s password protection is not enough
Help Net Security
Microsoft’s Azure AD Password Protection, now rebranded as Microsoft Entra ID helps users create a password policy they hope will protect their systems from account takeover and other identity and access management issues.
Details >02/07/2024
‘I had no idea’: Victim says as Raleigh woman accused of identity theft again
CBS17.com
RALEIGH, N.C. (WNCN) — Five North Carolina hospitals, an assumed identity, and a victim demanding answers.
Details >02/07/2024
Scammers pretend to be government employees, demanding money, FBI warns
Fox 13 Memphis, TN
MEMPHIS, Tenn. - The U.S. Marshals and the FBI have reported a problem in the Mid-South saying that scammers are pretending to be government employees and demanding payments.
Details >02/07/2024
From Cybercrime Saul Goodman to the Russian GRU
Krebs on Security
In 2021, the exclusive Russian cybercrime forum Mazafaka was hacked.
Details >02/07/2024
Suspect caught with $250K at Sweetwater truck stop charged with Money Laundering
Yahoo News
SWEETWATER, Texas (KTAB/KRBC) – A suspect who was caught with $250,000 worth of cash at a truck stop in Sweetwater has been charged with Money Laundering.
Details >02/07/2024
Senators Pressure FinCEN to Fully Implement AML Whistleblower Program
National Law Review
A bipartisan group of senators have joined whistleblower advocates in calling on the Financial Crime Enforcement Network (FinCEN) to adopt regulations fully implementing the Anti-Money Laundering (AML) Whistleblower Program. In a letter sent on February 2 to FinCEN Director Andrea Gacki, Senators Chuck Grassley (R-IA), Elizabeth Warren (D-MA), and Raphael Warnock (D-GA) outline their concerns with the agency’s delay in the rulemaking process and emphasize the importance of the program.
Details >02/07/2024
Brighton police searching for bank robbery suspect
Denver 7
BRIGHTON, Colo. — The Brighton Police Department is searching for a man accused of robbing a bank Tuesday afternoon.
Details >02/06/2024
Deepfake scam video cost company $26 mnl; Tencent fires 120 for fraud
Space War
Scammers tricked a multinational firm out of some $26 million by impersonating senior executives using deepfake technology, Hong Kong police said Sunday, in one of the first cases of its kind in the city.
Details >02/06/2024
Minneapolis Man Sentenced to 10 Years in Prison for Three Armed Carjackings
Red Lake Nation News
ST. PAUL, Minn. – A Minneapolis man has been sentenced to 121 months in federal prison, three years of supervised release, and ordered to pay $1,100 in restitution to the victims of three violent carjackings committed within a 24-hour period in March 2023, announced U.S. Attorney Andrew M. Luger.
Details >02/06/2024
SWAT sniper shoots, kills attempted bank robber at Fort Myers shopping mall
Tampa Bay 10
FORT MYERS, Fla. — A SWAT team sharpshooter shot and killed an attempted bank robber at the Bank of America building in Fort Myers' Bell Tower Shops complex.
Details >02/06/2024
Cybersecurity expert says the next generation of identity theft is here: 'Identity hijacking'
The Street
Deepfake technology — a synthetic representation of a person's likeness — is not new technology. Think Mark Hamill's de-aged return as a young Luke Skywalker in an episode of 'The Mandalorian' in 2019.
Details >02/06/2024
Real-Time Payments Get Boost From New Partnerships in US and Europe
PYMNTS
Real-time payments have continued their growth in 2024 so far, with several developments unfolding in various countries around the globe. Angola, for one, has taken its initial dive into the real-time payments space a step further.
Details >02/06/2024
Veterans: Guard against identity theft
FTC
Identity theft can happen in a lot of ways: a stolen wallet, a missing phone, or a hacked online account.
Details >02/06/2024
Man pleads guilty to using counterfeit checks to defraud Mississippi banks.
Magnolia State Live
A Mississippi man pleaded guilty today to conspiracy to commit bank fraud and aggravated identity theft.
Details >02/06/2024
Racine man, 65, arrested a day after allegedly robbing Kenosha bank
Kenosha News
Kenosha and Racine police arrested a man a day after he allegedly robbed a bank in the 4300 block of 52nd Street in Kenosha on Friday.
Details >02/06/2024
Preparing Cybersecurity for the Super Bowl
FORTRA
The 49ers and Kansas City Chiefs aren’t the only ones with a big game to play on February 11th; this year, cybercriminals and cyber defenders will be facing off behind the scenes in a Super Bowl-sized bout of their own.
Details >02/04/2024
Fla. Man Charged in SIM-Swapping Spree is Key Suspect in Hacker Groups Oktapus, Scattered Spider
Kreebs on Security
On Jan. 9, 2024, U.S. authorities arrested a 19-year-old Florida man charged with wire fraud, aggravated identity theft, and conspiring with others to use SIM-swapping to steal cryptocurrency.
Details >02/04/2024
Protecting yourself from ACH fraud
KJCT News 8
GRAND JUNCTION, Colo. (KJCT) - In the age of evolving financial fraud, it’s easy to overlook longstanding threats such as the Automated Clearing House.
Details >02/04/2024
FBI investigating Germantown cyber attack
WREG
MEMPHIS, Tenn. — The City of Germantown reported on social media Friday morning that the city government “is experiencing a malicious cybersecurity incident.”
Details >02/04/2024
Florida woman used stolen identity for 15 years, obtained nearly $40,000 worth of food stamps: DOJ
Fox 35 Orlando
KISSIMMEE, Fla. - A Kissimmee woman was sentenced to federal prison after stealing someone's identity shortly after she left Puerto Rico back in 2008, the Department of Justice said.
Details >02/04/2024
Florida woman used stolen identity for 15 years, obtained nearly $40,000 worth of food stamps: DOJ
Fox 35 Orlando
KISSIMMEE, Fla. - A Kissimmee woman was sentenced to federal prison after stealing someone's identity shortly after she left Puerto Rico back in 2008, the Department of Justice said.
Details >02/04/2024
Lurie Children’s Hospital network outages enter 5th day after cyber attack; call center available
Chicago WGN 9
CHICAGO — The Lurie Children’s Hospital network outages entered a fifth day Sunday following a cyber attack.
Details >02/04/2024
CLOROX ESTIMATES THE COSTS OF THE AUGUST CYBERATTACK WILL EXCEED $49 MILLION
Security Affairs
Cleaning products giant Clorox estimates the economic impact of the cyber attack that hit the company in August 2023 at $49 million.
Details >02/04/2024
Wisconsin bank fraud suspect sought to cash fake $2K check: sheriff
Fox 6
MARQUETTE COUNTY, Wis. - The Marquette County Sheriff's Office is looking for a man who they say tried to cash a fraudulent check on Jan. 25 – and may be in southeast Wisconsin.
Details >02/04/2024
Integris, St. Anthony patients hacked: more ID theft fraud alerts
The Norman Transcript
Last week, we looked at placing “fraud alerts” at various federal agencies, financial institutions, creditors, real estate concerns and public utilities. Those were the next steps to take after placing account “freezes” at all four major credit bureaus.
Details >01/29/2024
Using Google Search to Find Software Can Be Risky
Krebs on Security
Google continues to struggle with cybercriminals running malicious ads on its search platform to trick people into downloading booby-trapped copies of popular free software applications.
Details >01/29/2024
Beware of Scams that Hijack Cellphone Accounts: The Importance of Authentication for Businesses and Consumers
JD Supra
Consumers use cell phone numbers to authenticate their identities across a variety of accounts, such as those held with wireless providers, financial institutions, healthcare providers, and retail websites.
Details >01/29/2024
The Cold Reality of Authorized Push-Payment Fraud
Federal Reserve Bank of Atlanta
I started teaching payment rules, compliance, and risk management in 2007. Back then I used to describe credit-push payments as warm and fuzzy.
Details >01/29/2024
Man Jailed After AI Facial Recognition Wrongly ID’d Him As Robber: Lawsuit
Huffpost
A Texas grandfather said he was wrongfully accused of multiple armed robberies in a lawsuit filed against Macy’s and Sunglass Hut’s parent company last week.
Details >01/28/2024
Maryland woman loses $17K in SIM card swap scam despite two-factor authentication | I-Team
WJLA
WASHINGTON (7News) — 7News is asking a security question that deals with your cell phone. How did a Maryland woman lose $17,000 even though she had two-factor authentication on all her accounts?
Details >01/28/2024
Instant Impact: AI’s Role in Advancing Real-Time Payments
Real-Time Payments
Real-time payments are a boon to consumers and companies alike, but they are not without their hurdles.
Details >01/28/2024
US suffered cyberattacks from 168 threat actors in 2023
Security Magazine
Critical infrastructure attacks were analyzed in a recent report by Forescout Research. The report found more than 420 million attacks between January and December 2023. That is 13 attacks per second, a 30% increase from 2022
Details >01/28/2024
Man wanted in check fraud scheme arrested in Black River Falls
WXOW
BLACK RIVER FALLS, Wis. (WXOW) - A man wanted by authorities for setting up fraudulent bank accounts and cashing fake checks in Western Wisconsin is caught in Jackson County.
Details >01/28/2024
Nevada Gaming Control Board’s website compromised in cyber attack
Readwrite
The Nevada Gaming Control Board, the regulatory body overseeing the state’s gaming industry, has experienced a significant cyber attack, leading to the temporary shutdown of its public-facing website.
Details >01/28/2024
Wisconsin authorities send eerily similar warning after woman found using fake ID to cash fraudulent checks
We Are Greenbay
MONROE, Wis. (WFRV) – Authorities in Wisconsin are issuing a warning after yet another individual used fake identification to open a bank account and cash fraudulent checks totaling over $11,000.
Details >01/28/2024
84-year-old scammed out of $707,000 in cashier's checks, gold bars
WISN
WAUKESHA, Wis. — A man has been charged after an 84-year-old woman reported fraud of $707,309 in cashier's checks and gold bars.
Details >01/26/2024
Card skimmer found at local ATM
The Local Reporter
A bank service technician discovered a card skimmer during routine maintenance on Tuesday, Jan. 23. The card skimmer was disguised as part of a Bank of America ATM at Chatham Crossing shopping center, 11312 US15-501 N, Chapel Hill.
Details >01/26/2024
Police: Bridgeport man waiting to open a bank account robbed another customer
CT Post
BRIDGEPORT — Kareem Rowe was waiting to open an account at a Main Street bank Sept. 28 when he robbed another customer and fled with more than $9,000, according to police.
Details >01/26/2024
Elderly Walker County man strangled, beaten during theft of $2,000; daughter, son-in-law charged
Al
A Walker County couple is under arrest on charges they beat and strangled a 76-year-old man.
Details >01/26/2024
Cedar Rapids Bank Robbery Suspect Arrested in New Orleans
WHO Newsradio 1040
(Cedar Rapids, IA) -- A suspect in a Cedar Rapids bank robbery is in custody.
Details >01/26/2024
Identity Theft Awareness Week 2024 starts January 29
FTC
You’ve probably heard about identity theft, but have you heard about Identity Theft Awareness week?
Details >01/26/2024
Who is Alleged Medibank Hacker Aleksandr Ermakov?
Krebs on Security
Authorities in Australia, the United Kingdom and the United States this week levied financial sanctions against a Russian man accused of stealing data on nearly 10 million customers of the Australian health insurance giant Medibank. 33-year-old Aleksandr Ermakov allegedly stole and leaked the Medibank data while working with one of Russia’s most destructive ransomware groups, but little more is shared about the accused.
Details >01/25/2024
U.S. Attorney O’Shea: U.S. Attorney’s office collects more than $7.5 million in civil and criminal actions in fiscal year 2023
WI Politics
MADISON, WIS. – U.S. Attorney Timothy M. O’Shea announced today that the Western District of Wisconsin collected $7,596,171.74 in criminal and civil actions in Fiscal Year 2023. Of this amount, $5,862,991.16 was collected in criminal actions and $1,733,180.58 was collected in civil actions.
Details >01/25/2024
Venmo and other payment app theft is ‘skyrocketing,’ Manhattan DA warns
CNN
Venmo, Cash App, PayPal, Zelle and other payment apps may be convenient ways to send cash with a few taps of your smartphone, but they’re a breeding grounds for theft, Manhattan District Attorney Alvin Bragg tells CNN.
Details >01/25/2024
FINRA Issues 2024 Annual Regulatory Oversight Report
JD Supra
FINRA issued its 2024 Annual Regulatory Oversight Report on January 9, 2024, providing a glimpse into FINRA’s current regulatory oversight of member firms and their registered personnel in 27 topic areas.
Details >01/25/2024
LOOK OUT Walmart self-checkout warning after concerning device stealing shoppers’ info found attached to kiosks in stores
The U.S. Sun
DETECTIVES from various Northeast Ohio communities are currently conducting investigations into instances of credit card skimmers. Many of these are being discovered on cash registers at Walmart stores in the region.
Details >01/25/2024
One charged in ATM skimming investigation in Cedar Falls
The Courier
CEDAR FALLS — One person has been charged after bank officials found a skimming device at a Cedar Falls ATM in November.
Details >01/25/2024
Police: Colorado Springs bank robbery suspects arrested after getaway car leaves them behind
11 News
COLORADO SPRINGS, Colo. (KKTV) - A teenager and a second suspect are in custody after police say they caught them red-handed trying to rob a Colorado Springs bank.
Details >01/25/2024
Colorado Springs Police arrest two suspects in attempted bank robbery
KRDO
COLORADO SPRINGS, Colo. (KRDO) - The Colorado Springs Police Department (CSPD) is responding to the Key Bank on North Academy.
Details >01/25/2024
Elderly woman robbed while leaving bank in Joelton
WSMV NBC 4
JOELTON, Tenn. (WSMV) - Police are investigating a robbery outside of a bank involving a 91-year-old woman on Tuesday afternoon in Joelton.
Details >01/25/2024
Suspect uses fake ID to cash fraudulent checks totaling over $15K in Wisconsin
We Are Greenbay
MENOMONIE, Wis. (WFRV) – Officials in Dunn County are sending out a warning statewide after a suspect used fake identification to open accounts at several banks and cashed fake checks totaling over $15,000.
Details >01/25/2024
ATM card skimmer suspect caught on camera in Douglas County
KDVR
DENVER (KDVR) — Law enforcement is warning people to be on the lookout after a man was caught on camera trying to install ATM skimmers at a local bank in Douglas County.
Details >01/25/2024
Mother and son plead guilty in fraud scheme of nearly $3.5 million
41 NBC WMGT
A mother and son pleaded guilty Tuesday to fraud after being caught illegally writing checks from their employer's account.
Details >01/25/2024
Man sentenced to federal prison for fraud scheme in southern Iowa
Radio Iowa
A Dallas, Texas resident who is a Nigerian national will spend 87 months in federal prison on wire fraud charges involving Iowa businesses.
Details >01/25/2024
Payment Fraud Attempts on U.S. Businesses Spiked 71% in 2023, According to New Trustpair Research
Business Wire
NEW YORK--(BUSINESS WIRE)--Ninety-six percent of U.S. companies were targeted with at least one fraud attempt in the past year. Ninety percent of those companies were hit with at least one successful attack, according to a new research survey of more than 260 senior finance and treasury leaders.
Details >01/24/2024
Tapping Into the Future of Payments
PYMNTS
Cash is fast losing its supremacy. Amid the ongoing global rise of digital culture, young consumers are increasingly opting for digital wallets and other payment alternatives, compelling businesses to pivot toward contactless and digital payment methods — and reckon with the digital-forward ethos driving their popularity.
Details >01/23/2024
FraudGPT and WormGPT, the evil versions of ChatGPT that terrify cybersecurity experts
https://www.gearrice.com/
Artificial intelligence continues to surprise the world with its powerful capabilities and the multiple applications it offers, especially through the support of generative and conversational AI.
Details >01/23/2024
Venmo and other payment app theft is ‘skyrocketing,’ Manhattan DA warns
CNN
Venmo, Cash App, PayPal, Zelle and other payment apps may be convenient ways to send cash with a few taps of your smartphone, but they’re a breeding grounds for theft, Manhattan District Attorney Alvin Bragg tells CNN.
Details >01/23/2024
U.S. Attorney’s Office Collects Over $4.5 Million in Restitution for Victims, Criminal Fines, and Other Penalties in Fiscal Year 2023
United States Attorney's Office District of Idaho
BOISE – U.S. Attorney Josh Hurwit announced today that the office’s Financial Litigation Program, which is part of the Asset Recovery Division, collected over $3.5 million in criminal monetary penalties, which includes restitution, fines, and assessments, and in civil debts for the fiscal year that ended September 30, 2023.
Details >01/22/2024
Colorado pastor faces fraud charges after targeting congregation in alleged $3.2 million cryptocurrency scheme
9 News
A Denver pastor and his wife are accused of creating and marketing "worthless" cryptocurrency, according to the Colorado Securities Commission.
Details >01/20/2024
VF Corp Says Data Breach Resulting From Ransomware Attack Impacts 35 Million
Security Week
In mid-December, the Denver, Colorado-based company, which owns brands such as Dickies, The North Face, Smartwool, Timberland, and Vans, announced that it took certain systems offline in response to a ransomware attack that impacted its operations.
Details >01/20/2024
Feds: Former Anchorage mail carrier looted mail to cash fraudulent checks for himself
Alaska's News Source
ANCHORAGE, Alaska (KTUU) - A former Anchorage USPS mail carrier could spend several decades behind bars after being charged with federal fraud and theft offenses.
Details >01/19/2024
Ask Asa: How to avoid the PayPal transaction scam
WJCL
SAVANNAH, Ga. — If I ask someone what they were thinking when they clicked on an unsolicited text or email, they'll usually concede, "I wasn't thinking anything."
Details >01/19/2024
Victorian courts reveal cyber-attack targeted files dating back as far as 2016
The Guardian
The cyber-attack that hit Victoria’s court system last year was worse than officials first thought, with hackers accessing years’ worth of recorded hearings from as far back as 2016.
Details >01/19/2024
Innefu Labs Data Breach: Indian Cybersecurity Firm Falls Victim to Cyberattack
The Cyber Express
The threat actor has encouraged potential buyers to contact privately for proofs and more details, a standard practice in such underground forums.
Details >01/19/2024
‘It’s a crime. It was fraud’: Woman is out $10,000 after Chase Bank refuses to investigate check scam
WSFA 12
MESA, Ariz. (3TV/CBS 5/Gray News) — A woman in Arizona was the victim of a very sophisticated check-cashing scam.
Details >01/19/2024
Canadian Man Stuck in Triangle of E-Commerce Fraud
Krebs on Security
A Canadian man who says he’s been falsely charged with orchestrating a complex e-commerce scam is seeking to clear his name.
Details >01/19/2024
Fiserv seeks special purpose bank charter
Payments Dive
The designation would allow the payment processor to own transactions from end-to-end, removing the need for a bank partner.
Details >01/19/2024
Stablecoins Gain Ground With Fraudsters Looking to Move Beyond Bitcoin
PYMNTS
Stablecoins have held the promise of serving as a link between the cryptocurrency realm and traditional financial services.
Details >01/19/2024
FedNow draws some banks, as others lag
Payments Dive
The Federal Reserve is building up bank participation in FedNow, but some big financial institutions remain on the sidelines.
Details >01/19/2024
Did someone tell you to move or transfer your money? It could be a scam
FTC
Many impersonation schemes start with a call about a routine problem, like suspicious activity in your Amazon account.
Details >01/19/2024
Alabama Man Charged: Grandparents’ Exploitation and Infant Abuse Allegations Arise
BNN Breaking
Alec Dvorak, a 28-year-old resident of Baldwin County, Alabama, is facing a litany of charges, including financial exploitation of the elderly, elderly abuse/neglect, and child abuse.
Details >01/19/2024
Fraud Reimbursement Costs Are Likely to Rise for UK Banks Push Payments/Faster
FitchRatings
Fitch Ratings-London-18 January 2024: UK banks are likely to face higher fraud costs due to new legally binding rules from October 2024 that will require them to reimburse customers who fall victim to fraudulent payment scams, Fitch Ratings says.
Details >01/18/2024
JPMorgan Chase fights off 45 billion hacking attempts each day
CNN Business
New York CNN — JPMorgan Chase now fights off about 45 billion attempts a day by hackers to infiltrate its systems.
Details >01/18/2024
Biometrics could be a fix for the growing headache of synthetic ID fraud
Biometric Update
Biometrics and digital ID firms are responding to a significant uptick in synthetic identity fraud, which uses generative AI and a combination of stolen and falsified information to create a potent attack vector. As the problem grows, more emphasis will fall on biometric liveness detection.
Details >01/18/2024
Bank robber stalks teller on social media, threatens to kill teller's family
News 4 San Antonio
AMARILLO, Texas (KVII) — A bank robber stalked a teller on social media before the robbery and threatened to kill the teller's family.
Details >01/18/2024
FBI advising El Pasoans to beware of “check cooking” scams
KVIA ABC 7
EL PASO, Texas (KVIA) -- According to the FBI, scammers are taking advantage of technological innovations and fine tuning their methods to be more successful in manipulating unsuspecting victims.
Details >01/18/2024
BG City School District reportedly falls victim to fraudulent cashing of checks
BG Independent News
Bowling Green Police Division is investigating check fraud reported by Bowling Green City School District Treasurer Cathy Schuller.
Details >01/18/2024
Bravo’s Andy Cohen reveals red flags he missed as scammers duped him, stole his money
Detroit Free Press
One can hear about a long list of too-trusting Grandmas, job-hunters hit by scams, widows hurt when looking for love, and so many others who sadly lost big money to crafty cyber predators.
Details >01/18/2024
Arizona auditors found $1.8 million in fraud and theft in 2023
AZ Mirror
State audits uncovered more than $1.8 million in theft and fraud in 2023 and led to nearly three dozen criminal charges.
Details >01/18/2024
Adobe on How Effective Fraud Protection Increases Conversion
PYMNTS
Choosing between fast and secure payments is no longer a question.
Details >01/18/2024
Coinbase Argues Token Buyers Don’t Acquire Any Rights
PYMNTS
In a Wednesday (Jan. 17) court hearing, cryptocurrency exchange Coinbase Global made a comparison between buying cryptocurrency and collecting Beanie Babies.
Details >01/18/2024
When It Comes to Customer Experiences, When AI Speaks, Businesses Listen
PYMNTS
To paraphrase author and customer relationship pioneer Martha Rogers, your customers are the most valuable asset your company has. Without them, you don’t have a business. You have a hobby.
Details >01/17/2024
Treasury and IRS announce that businesses do not have to report certain transactions involving digital assets until regulations are issued
IRS
WASHINGTON — The Treasury Department and Internal Revenue Service today issued an announcement informing businesses that they do not have to report the receipt of digital assets the same way as they must report the receipt of cash until Treasury and IRS issue regulations.
Details >01/17/2024
Big Lake Woman Pleads Guilty to Wire Fraud in $250 Million Feeding Our Future Fraud Scheme
United States Attorney's Office District of Minnesota
MINNEAPOLIS – A Big Lake woman has pleaded guilty to her role in the $250 million fraud scheme that exploited a federally-funded child nutrition program during the COVID-19 pandemic, announced United States Attorney Andrew M. Luger.
Details >01/17/2024
E-Crime Rapper ‘Punchmade Dev’ Debuts Card Shop
Krebs on Security
The rapper and social media personality Punchmade Dev is perhaps best known for his flashy videos singing the praises of a cybercrime lifestyle.
Details >01/16/2024
GitLab Fixes Password Reset Bug That Allows Account Takeover
Security Boulevard
GitLab is releasing a patch to fix a vulnerability in its email verification process that bad actors can exploit to reset user passwords and take over accounts.
Details >01/16/2024
Man robbing people at gunpoint on Chicago's North Side, transferring money from victims' bank apps
Yahoo News
CHICAGO - Chicago police are warning residents on the North Side about a string of armed robberies in the area.
Details >01/16/2024
FBI warns of sophisticated 'check cooking' scam for easy, undetected theft
NBC Montana
EL PASO, Texas (KFOX) — According to the FBI El Paso Field Office, scammers are becoming ever more tech-savvy as they fine-tune their methods to successfully manipulate unsuspecting victims.
Details >01/16/2024
Former New Bedford Man Pleads Guilty to Wire Fraud and Money Laundering Arising From "Romance Scam"
United States Attorney's Office District of Massachusetts
BOSTON – A former New Bedford man pleaded guilty today to wire fraud and money laundering charges involving funds obtained from “romance scam” victims.
Details >01/16/2024
Critical flaw found in WordPress plugin used on over 300,000 websites
FORTRA
A WordPress plugin used on over 300,000 websites has been found to contain vulnerabilities that could allow hackers to seize control.
Details >01/16/2024
Utah funds ZeroEyes AI-based gun detection, AEGIX Incident Management across all 1,086 public K-12 schools
Security Info Watch
PHILADELPHIA and SALT LAKE CITY, January 16, 2024 -- ZeroEyes, the creators of the only AI-based gun detection video analytics platform that holds the US Department of Homeland Security SAFETY Act Designation, and AEGIX Global, a Utah-based provider of critical incident management services, today announced that the Utah State Board of Education has approved a contract to provide the joint solution for all Utah public K-12 schools, including charter schools.
Details >01/16/2024
Cybersecurity Researcher Finds School Shooting Emergency Plans Exposed Online
Campus Safety
More than 4 million records that included emergency planning and security documents from U.S. schools were recently discovered by an ethical cybersecurity researcher.
Details >01/16/2024
Beware of new CFPB imposter scams
CFPB
This week, we confirmed that scammers are using CFPB employees’ names to try to defraud members of the public. We’ve heard from people, specifically older adults, who received phone or video calls.
Details >01/15/2024
Scammer pleads guilty to $24M real estate Ponzi scheme in California
The Real Deal
A California man pleaded guilty last week to crimes related to a $24 million real estate Ponzi scheme that spanned almost two decades.
Details >01/15/2024
What is Identity Threat Detection and Response?
Security Boulevard
Identity Threat Detection and Response (ITDR) remains crucial for preventing unauthorized access and mitigating security breaches
Details >01/15/2024
FinCEN report on identity fraud in 2021 outlines statistics and processes
JD Supra
On January 9, FinCEN published a report titled “Identity-Related Suspicious Activity: 2021 Threats and Trends” which focuses on patterns in reported Bank Secrecy Act (BSA) data linked to suspicious activity from 2021.
Details >01/14/2024
5 Big Changes Coming to the Post Office in 2024
AARP
Through snow, rain, heat and gloom of night, the U.S. Postal Service has delivered mail to Americans for nearly 250 years. That core task remains the same, but that doesn’t mean everything stays the same in 2024.
Details >01/12/2024
North Carolina County Still Guarding Cyber Attack Details
Government Technology
The Scotland County Board of Commissioners is staying tightlipped about the details surrounding a Dec. 18 cyber incident that cybersecurity officials are still working to get under control.
Details >01/12/2024
Cyberattacks are having fatal consequences, so the White House wants hospital funding tied to hospital security
Tech Radar
The Biden administration is looking to introduce a policy that will require US hospitals to meet a certain level of digital security, including multi-factor authentication, in order to secure federal funding.
Details >01/12/2024
'It weighs on my mind': Liberty Hospital cybersecurity incident shines light on cybersecurity in hospitals
41 KSHB Kansas City
KANSAS CITY, Mo. — Healthcare system entities are cybersecurity targets.
Details >01/12/2024
Man pleads guilty to racketeering charge for role in downtown Minneapolis cell phone ring
KSTP 5 Minneapolis, MN
Another member of what authorities have called a cellphone theft ring that operated in downtown Minneapolis had entered a guilty plea to a racketeering charge.
Details >01/10/2024
Real-Time Payments Put Spotlight on Small Businesses as New Year Begins
PYMNTS
As the new year begins, the global demand for faster, streamlined transactions continues to fuel the expansion of real-time payments worldwide.
Details >01/10/2024
Visa Wants to Eliminate Friendly Fraud Without Alienating Honest Consumers
PYMNTS
Friendly fraud is a bit of a misnomer; first-party card misuse would be more accurate.
Details >01/10/2024
Navigating the risks of ACH payment fraud: Strategies for business safety
Fintech Global
Automated Clearing House (ACH) payments are a staple in modern financial transactions, offering a quick and efficient means for businesses and consumers to move money between different financial institutions.
Details >01/10/2024
Green Bay Check Forger Faces 72 Years in Prison
Seehafernews.com
A Green Bay woman is facing 72 years in prison after being arrested on thirteen charges after a string of checks were proven to be forged.
Details >01/10/2024
Man robbed after withdrawing $40,000 from bank at Public Square
News 5 Cleveland
The Cleveland Division of Police is investigating after a man went to Dollar Bank near Public Square and withdrew $40,000 in cash only to be robbed at gunpoint by three men waiting for him when he exited the building.
Details >01/10/2024
Here's some Bitcoin: Oh, and You've Been Served
Krebs on Security
A California man who lost $100,000 in a 2021 SIM-swapping attack is suing the unknown holder of a cryptocurrency wallet that harbors his stolen funds.
Details >01/09/2024
When Fraud Hits Again and Again
AARP Fraud Watch
This is a great article about scams.
Details >01/08/2024
Larger FIs More Likely to Use AI and ML to Fight Financial Crime
PYMNTS
Financial institutions (FIs) are increasingly recognizing the importance of fraud-fighting technologies as they confront more sophisticated fraud and financial crimes.
Details >01/08/2024
Predictive Intelligence: A Game-Changer in Mitigating Fraud Attacks on Payments
Payments Journal
The surge of faster payments systems has inadvertently paved the way for a surge in fraudulent attacks. With new technology and faster payments coming to the forefront, fraudsters are tapping into vulnerabilities found within these schemes.
Details >01/07/2024
4 Sure Ways To Shut Down Robocall Theft And Fraud
Forbes
If I had to make a confident prediction for 2024, I wouldn’t say a word about the markets or inflation. I would be pretty sure that there will be more robocall scams.
Details >01/07/2024
CoinsPaid Suffers $7.5M Crypto Theft in Second Cyber Attack
The Crypto Times
CoinsPaid faces its second breach, losing $7.5 million in crypto after a $37.3 million hack in July 2023.
Details >01/07/2024
British Library ransomware cyber attack ‘set to cost £7million’
The Standard
The British Library may have to spend £7million of its reserves to recover from a crippling cyber attack, according to reports.
Details >01/07/2024
The grandparent scam hasn’t gone away. But now more young people are being duped by fraudsters, expert says.
Daily Herald
From his office in Rosemont, Ray Olsen oversees fraud prevention and detection for Wintrust Financial Corp.’s network of 15 community banks, where much of his staff’s attention traditionally has been devoted to combating financial exploitation of older customers.
Details >01/04/2024
Trends 2024: Banks Must Ramp Up Protections as Mobile Fraud Grows
The Financial Brand
Cheat sheet: As banking customers – and younger customers in particular – embrace mobile banking as their channel of choice, the security of that channel is of paramount importance.
Details >01/04/2024
10 Most Common Types Of Cyber Attacks In 2023
GBHackers on Security
Cyber attacks are evolving rapidly with advancements in technology, as threat actors exploit new vulnerabilities in:-
Details >01/04/2024
Google password resets not enough to stop these info-stealing malware strains
The Register
Security researchers say info-stealing malware can still access victims' compromised Google accounts even after passwords have been changed.
Details >01/04/2024
Xerox Confirms Data Breach at US Subsidiary Following Ransomware Attack
Security Week
The incident, the company says, was limited to Xerox Business Solutions US and was contained by its cybersecurity team.
Details >01/02/2024
Social Security numbers of some Xfinity customers vulnerable in latest data breach: What to know
The Hill
CHICOPEE, Mass. (WWLP) — A major data breach on Comcast-owned Xfinity has affected more than 35 million customers.
Details >01/02/2024
Brooklyn Park Man Pleads Guilty to $2.3M Romance Fraud Scheme
United States Attorney's Office District of Minnesota
ST PAUL, Minn. – A Brooklyn Park man has pleaded guilty to facilitating a national romance fraud scheme, announced U.S. Attorney Andrew M. Luger.
Details >01/02/2024
BBB Scam Alert: ‘Tis the season to donate, and scammers are taking advantage
Rural Radio
With so many purchases during the holiday season, it can be easy to miss a fraudulent credit card charge or two – especially if it appears to be from a charity. Keep a close eye on your credit card statement this time of year.
Details >01/02/2024
Biometrics in 2023: Reshaping Authentication, Igniting Debates and Driving Innovation
PYMNTS
In a digital landscape increasingly defined by the surge of online and mobile shopping, consumer demand for flexible, secure and convenient ways to authenticate transactions is at an all-time high.
Details >01/02/2024
FTC Warns Against QR Code Scams: A Gateway to Identity Theft
BNN
QR codes, those familiar black and white squares that have become ubiquitous in our daily lives, are under scrutiny by the Federal Trade Commission (FTC).
Details >01/02/2024
The Impact of AI-Generated Synthetic Fraud on Finance
ABA Banking Journal
Fake people are having a major impact on our real world. AI technology has empowered even the most elementary of fraudsters with sophisticated tools that allow them to piecemeal real-looking identities, creating havoc for businesses across all verticals.
Details >12/29/2023
ATM skimming device found at Lake Forest Bank of America
ABC 7 Eyewitness News - Chicago
LAKE FOREST, Ill. (WLS) -- A skimming device was found at a Bank of America ATM in Lake Forest, police said.
Details >12/29/2023
2 men arrested in Fairfax Co. for ‘fraud ring’ involving altered gift cards
WTOP News
Two men were arrested and charged for altering gift cards at two Target stores in Virginia as part of a “complex fraud ring,” according to Fairfax County police.
Details >12/28/2023
Resident nearly loses $30K in alleged check-washing case
Fox 29 WFLX
After months of covering a series of checking washing cases allegedly tied to a Boynton Beach post office, WPTV is learning of a new case.
Details >12/27/2023
Job scams targeting college students are getting personal
FTC
If you’ll be seeing college-age relatives over the holidays, warn them about a variation on the “job interview” scam that students looking for summer or permanent employment have reported to us.
Details >12/27/2023
3 Ways to Recover Your Savings After Identity Theft
The Ascent A Motley Fool Service
Identity theft is an increasingly common crime, but that doesn't make it any less upsetting.
Details >12/26/2023
Why passkeys will replace password
Fintech Nexus
While more people are shopping online, they are increasingly concerned about their digital security. Might passkeys be the answer? Quintin Stephen believes they will help.
Details >12/26/2023
Minnesota man pleads guilty in $2.3M romance fraud scheme targeting mostly elderly victims
Fox 9 KMSP
ST. PAUL, Minn. (FOX 9) - A Brooklyn Park man pleaded guilty on Wednesday to his role in a national romance fraud scheme targeting mostly elderly people.
Details >12/26/2023
BBB Tip: The naughty list — BBB’s 12 scams of Christmas
OA Online
With 2023 quickly winding down, Better Business Bureau has compiled our naughty list of the top 12 scams of Christmas
Details >12/26/2023
5 Things to Watch in Courts and on Capitol Hill that Will Impact Payments in 2024
PYMNTS
December’s on the way out.
Details >12/26/2023
Reshaping the Future: Why Gen AI’s Creative Power Calls for Strategic Oversight
PYMNTS
With the widespread emergence of OpenAI’s large language model-based ChatGPT platform in late 2022, a considerable amount of public attention and private capital have been showered on generative artificial intelligence over the past year.
Details >12/26/2023
What 17 Payments Experts Expect From Instant Payments in 2024 and Beyond
PYMNTS
2023 stands out as a banner year for instant payments.
Details >12/26/2023
Interagency Statement for Banks on the Issuance of the Beneficial Ownership Information Access Rule
FDIC
The Federal Deposit Insurance Corporation, the Board of Governors of the Federal Reserve System, the National Credit Union Administration, the Office of the Comptroller of the Currency, State bank and credit union regulators, and the Financial Crimes Enforcement Network (FinCEN) are issuing an interagency statement for banks regarding the beneficial ownership information Access Rule.
Details >12/26/2023
Hang up on PCH impersonators
FTC
Have you gotten a call about a prize for a contest you never entered?
Details >12/21/2023
Anti-Fraud Measures Need to Work at the Speed of Instant Payments
PYMNTS
The financial landscape is constantly in flux — and now it’s getting a little faster.
Details >12/21/2023
QR code attacks probably aren’t coming for your scan-to-order menus
Engadget
QR code-based phishing attacks appear to be on the rise. For this “new” hacking vector, someone gets a phishing email asking them to scan a QR code, that code redirects to a malicious link (usually to steal credentials) and an account takeover occurs.
Details >12/21/2023
Personal information compromised after data breach at major mortgage company
Yahoo News
Channel 11 has learned that 14.7 million homeowners are impacted by the Mr. Cooper data breach. It impacts those who currently use the mortgage company as well as former customers.
Details >12/21/2023
After-Incident Reports Turn Cyber Breaches Into Blueprints for Future Security
PYMNTS
In today’s digitized and hyper-fast world, cyberattacks and the threat of security breaches abound.
Details >12/21/2023
Those iconic blue mail collection boxes are getting a high-tech makeover
AOL News
The U.S. Postal Service is cracking down on mail theft this holiday season and beyond by installing 12,000 advanced security blue collection boxes in high-risk areas around the country.
Details >12/21/2023
Roseville MN police arrest 5 following ATM theft, standoff
KSTP 5 Minneapolis, MN
Roseville police say an ATM theft at Great Southern Bank led to an hours-long standoff in the city early Tuesday morning and ended with five people being taken into custody.
Details >12/21/2023
Keep your money safe from gift card scammers this holiday season. Here’s how
FTC
What’s one way to keep your money safe from scammers during the holidays? If you’re in the check-out line buying gift cards, make sure they’re for gifts.
Details >12/20/2023
COMMENTARY: Payments Fraud Is Unrelenting. So Are the Hidden Battles Against It
Digital Transactions
The digital revolution in payments, characterized by a surge in online transactions and the emergence of novel payment technologies, has been a double-edged sword.
Details >12/20/2023
West Allis man charged with defrauding over $50,000 from Educators Credit Union in scheme
Milwaukee Journal Sentinel
A 26-year-old West Allis man is facing serious charges after being accused of defrauding Educators Credit Union out of more than $53,000.
Details >12/20/2023
Why Instant Payments Will Go Viral With Each New ‘Aha’ Moment
PYMNTS
Jon Budd, CEO of Juniper Payments, a PSCU company, said instant payments, over the long term, will see a blossoming of use cases and demand from financial institutions’ corporate and consumer clients.
Details >12/18/2023
Holiday shoppers warned of disturbing gift card scam likely padding Chinese bank accounts
Fox News
The Sacramento County Sheriff’s Office is warning the public of a disturbing and "very sophisticated" gift card scam that has national and international implications.
Details >12/18/2023
Visa’s Provisioning Intelligence Service Wages War Against $450 Million in Token Fraud
PYMNTS
The value of tokenization — where sensitive information is replaced by unique algorithmically generated numbers and letters — has gained wide acknowledgement in commerce.
Details >12/18/2023
‘Bank jugging’ strikes Virginia Beach VA, Wells Fargo
News Nation Now
VIRGINIA BEACH, Va. (WAVY) — The nationwide criminal trend of bank jugging has hit home.
Details >12/18/2023
This is how to protect your credit and bank cards from getting hacked
Fox News
The holiday season is a time of joy and generosity, but also a time of increased risk for your credit and bank cards.
Details >12/18/2023
DOJ Announces Crackdown on Networks That Steal Money from Consumer Accounts and Use Fraudulent “Microtransactions” to Hide the Activity from Banks – Includes a South Lake Tahoe Man and a Poway CA
goldrushcam.com
December 16, 2023 - The Justice Department announced on Friday a collection of cases against fraud networks that steal money from consumers and use deceptive tactics to conceal illicit activity from financial institutions, thereby allowing that illicit activity to continue.
Details >12/18/2023
Consumers Experience Fraud Attempts via Phone Calls Multiple Times Per Week – Research Report
Crowdfund Insider
“Who’s calling now?” has become a “ubiquitous” question and a “sign of the times” for mobile users as fraud and spammers repeatedly target consumers through their phones.
Details >12/15/2023
Ten Years Later, New Clues in the Target Breach
Krebs on Security
On Dec. 18, 2013, KrebsOnSecurity broke the news that U.S. retail giant Target was battling a wide-ranging computer intrusion that compromised more than 40 million customer payment cards over the previous month.
Details >12/14/2023
Real-Time Payments Set to Replace Checks, ACH in the Manufacturing Industry
PYMNTS
The manufacturing industry is on the verge of a major transformation in payment practices, PYMNTS Intelligence revealed.
Details >12/14/2023
CRIME 5 arrested following overnight ATM robbery in Roseville
CBS News Minneapolis
ROSEVILLE, Minn. — Five people were arrested early Tuesday morning after they allegedly stole from an ATM in a Roseville bank.
Details >12/12/2023
Face-Scanning Technology Becomes Focus of EU’s AI Act Negotiations
PYMNTS
European Union (EU) negotiators are reportedly engaged in discussions to establish the most comprehensive regulation of artificial intelligence (AI) in the western world.
Details >12/11/2023
How to spot the latest job scams
FTC
Scams can be hard to spot because they often look just like the real thing. That includes job scams. They crop up on real job sites, including places like LinkedIn.
Details >12/11/2023
Minnesota Attorney General charges 3 in $11M Medicaid fraud case
Fox 9 KMSP
MINNEAPOLIS (FOX 9) - Three people were charged on Thursday in an alleged scheme to defraud Minnesota’s Medicaid program, according to Minnesota Attorney General Keith Ellison.
Details >12/11/2023
Victim turned victimizer: Prison for Minnesota woman whose pandemic aid and romance schemes snared $1.8M
Star Tribune
A Minnesota woman is going to prison for her role in a global fraud scheme that first duped her and then scammed others around the country out of more than $1.8 million through romance fraud schemes and pandemic aid programs.
Details >12/10/2023
Can Someone Hack a Zelle Account With a Phone Number?
The Stock Dork
In today’s technologically advanced world, the convenience of online banking and transactions has become an integral part of our lives.
Details >12/10/2023
Charges filed in New Orleans against man recruited to play out fake ID bank fraud scheme
Nola.com
Federal authorities in New Orleans have filed criminal charges against a formerly homeless man who told investigators he was recruited to carry out a multistate financial fraud.
Details >12/10/2023
How “pig butchering” scams have emerged as a billion-dollar crypto industry
Thomson Reuters
Regulators are finding more evidence of widespread "pig butchering" scams in the crypto industry that are leaving a trail of fleeced victims behind
Details >12/08/2023
Member of 'Clear Gods' group pleads guilty in $28M cellphone upgrade fraud scheme
Detroit Free Press
He was part of a group that federal prosecutors said dubbed itself the "Clear Gods."
Details >12/08/2023
OCC Says Use of AI in Banking Is Emerging Risk
PYMNTS
The federal banking system remains sound but faces credit, market, operational and compliance risks, according to the Office of the Comptroller of the Currency (OCC).
Details >12/08/2023
Venmo No Longer Accepted on Amazon in January
PYMNTS
Amazon is set to stop taking payments via PayPal-owned Venmo in the coming weeks.
Details >12/08/2023
BlackSuit ransomware - what you need to know
Tripwire
A cybercriminal group calling itself BlackSuit has claimed responsibility for a series of ransomware attacks, including breaches at schools in central Georgia.
Details >12/07/2023
What are the Cyber Attacks on IoT Devices?
Global Cyber Security Association
In today’s interconnected world, the Internet of Things (IoT) has become an integral part of our daily lives
Details >12/07/2023
QR Code Phishing –What Is It?
Tripwire
Phishing is a longstanding danger of the digital world that most people are aware of. Whether it happens via email, text message, social media, or any other means, phishing presents a risk to all users.
Details >12/06/2023
ICANN Launches Service to Help With WHOIS Lookups
Krebs on Security
More than five years after domain name registrars started redacting personal data from all public domain registration records, the non-profit organization overseeing the domain industry has introduced a centralized online service designed to make it easier for researchers, law enforcement and others to request the information directly from registrars.
Details >12/06/2023
10 Essential Cybersecurity Tips For Your Organization This Holiday Season
Tripwire
The holiday season is just around the corner; a time of joy and celebration. However, threat actors anticipate this joyous season as much as it is by many festive revelers.
Details >12/05/2023
Mobile payment fraud increased in 2023
Security Magazine
According to a recent report from BioCatch, mobile banking rates increased to 73% in 2023. This rise has also led to a surge in fraud executed from mobile devices, rising from 47% in 2022 to 61% in 2023.
Details >12/05/2023
Mobile Emulators Eclipse Bots in 2023 as Preferred Fraud Vector in North America
Cision PR Newswire
NEW YORK, Dec. 4, 2023 /PRNewswire/ -- BioCatch, the global leader in digital fraud and money laundering detection and response powered by behavioral biometric intelligence, today unveiled its 2023 Digital Banking Fraud Trends in North America report.
Details >12/05/2023
Most Americans think they can spot a scam, but Citi study reveals otherwise
Investment News
Being aware of the potential of financial scams is an essential life skill these days but being overconfident leaves millions of American adults vulnerable to fraud or identity theft.
Details >12/05/2023
5 Steps To Protect Your Digital Identity During The Holidays
Forbes
Data breaches involving individuals, governments, and businesses are on the rise.
Details >12/05/2023
FinCEN Alert on COVID-19 Employee Retention Credit Fraud
FinCEN
WASHINGTON—Today, the Financial Crimes Enforcement Network (FinCEN), in close coordination with the Internal Revenue Service Criminal Investigation (CI), issued an alert to financial institutions on fraud schemes related to the COVID-19 Employee Retention Credit (ERC).
Details >12/04/2023
Order and share FREE fotonovelas to help your community avoid scams
FTC
Talking about scams is one of the best ways to protect yourself, your loved ones, and your community against scammers. You don’t have to be an expert, especially with tools to help get the conversation started.
Details >12/04/2023
CFPB Orders Bank of America to Pay $12 Million for Reporting False Mortgage Data
CFPB
WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) today ordered Bank of America to pay a $12 million penalty for submitting false mortgage lending information to the federal government under a long-standing federal law.
Details >12/04/2023
Amazon’s One palm biometrics readers for businesses get a lukewarm introduction
Biometric Update
A contactless palm biometric service from Amazon reportedly is being adopted by a few organizations, one of which is an Amazon unit.
Details >12/04/2023
Five Months in, FedNow Is ‘Doing What It Was Planned to Do’
PYMNTS
Five months since the FedNow® Service launched, Miriam Sheril, head of product, U.S. at Form3, told PYMNTS, there are some encouraging signs.
Details >12/04/2023
Nearly 40% of Millennials Want More Visible Security Measures for Routine Transactions
PYMNTS
In today’s digital age, security is a top concern for consumers, especially when it comes to financial transactions, regardless of their frequency — be it routine or sporadic.
Details >12/04/2023
Okta: Breach Affected All Customer Support Users
Krebs on Security
When KrebsOnSecurity broke the news on Oct. 20, 2023 that identity and authentication giant Okta had suffered a breach in its customer support department, Okta said the intrusion allowed hackers to steal sensitive data from fewer than one percent of its 18,000+ customers. But today, Okta revised that impact statement, saying the attackers also stole the name and email address for nearly all of its customer support users.
Details >12/04/2023
Coon Rapids Man Sentenced to Prison for $1.3M Romance Fraud Scheme that Targeted Elderly Victims
US Attorney's Office District of Minnesota
ST. PAUL, Minn. – A Coon Rapids man has been sentenced to 36 months in prison, three years of supervised release, and required to pay $1,356,995 in restitution for a romance fraud scheme that targeted elderly victims, announced U.S. Attorney Andrew M. Luger.
Details >12/04/2023
Companies With AI-Driven Strategies Outcompete Peers, Study Finds
PYMNTS
The payments industry has been a latecomer to the financial technology revolution. Many companies still use legacy accounts receivable (AR) processes marked by an overwhelming reliance on manual procedures. Now, the industry is at a crossroads, facing a technological advancement that promises to leave no sector untouched: artificial intelligence (AI). The technology’s potential benefits read like an AR team’s wish list — and the reality is not far off.
Details >12/03/2023
Staples Confirms System Outage Was Due to Cyber Attack, Raising the Possibility of a Data Breach
JD Supra
Earlier this week, Staples, Inc. confirmed that it was the recent victim of a cyberattack, requiring the company to shut down portions of its computer network.
Details >12/03/2023
FBI warns of rising fraud schemes, urges vigilance
WWLP
SPRINGFIELD, Mass. (WWLP) – Fraud schemes targeting the elderly are on the rise across the country.
Details >11/30/2023
Digital wallets and the rise of the identity trojan
Cybernews
The “wallet wars” have been heating up lately as vendors galore enter the identity wallet space. This notion of identity wallets has been bubbling up for a few years, brought about by the self-sovereign (or decentralized) identity movement.
Details >11/30/2023
So an online scam is NOT what you ordered?
FTC
This time of year, you’re probably buying lots of things online. Gifts, decorations, food! But what if something you’ve ordered shows up different than advertised? Or damaged? Or never comes at all? If so, you’re not alone.
Details >11/30/2023
Cyber Criminals Weaponize SEC’s Future Cyber Disclosure Rules
JD Supra
In a first for both cybersecurity and securities law, a ransomware company filed a complaint with the U.S. Securities and Exchange Commission (“SEC”) against its own hacking victim for failure to disclose the hack itself.
Details >11/30/2023
This AI Pioneer Says the Tech’s Best Applications Are in Payments
PYMNTS
With knowledge comes power, and that fact is particularly true when using artificial intelligence (AI).
Details >11/29/2023
Cyber-attack closes hospital emergency rooms in three US states
The Guardian
A cyber-attack has shut down emergency rooms in at least three states, a hospital operator warned on Monday, forcing the organization to divert patients to other facilities.
Details >11/29/2023
3 suspects arrested with 44 stolen checks, 29 stolen credit card, in $8000 retail theft ring: police
Fox 5 Washington DC
FAIRFAX COUNTY, Va. - The Tyson’s Urban Team apprehended three suspects apart of a retail theft crew from Maryland.
Details >11/28/2023
Beware of these 5 holiday scams
Cyber Guy
I know you must be very busy these days. You probably have a lot to do, like preparing food, visiting family and friends, and shopping for gifts. Although it’s a fun and festive time of year, it can also be stressful.
Details >11/28/2023
ID Theft Service Resold Access to USInfoSearch Data
Krebs on Security
One of the cybercrime underground’s more active sellers of Social Security numbers, background and credit reports has been pulling data from hacked accounts at the U.S. consumer data broker USinfoSearch, KrebsOnSecurity has learned.
Details >11/27/2023
KyberSwap Says Hackers Stole $55m in Crypto
Infosecurity Magazine
Decentralized exchange KyberSwap has become the latest crypto firm to lose millions to digital thieves, after reporting a highly sophisticated cyber-attack.
Details >11/27/2023
Multiple Healthcare Providers Suffer Thanksgiving Day Cyberattacks
The HIPAA Journal
Cyber actors often time their attacks to coincide with holiday periods when IT staffing levels are likely to be reduced to increase the probability of being able to access networks and exfiltrate data undetected, especially during Thanksgiving weekend.
Details >11/27/2023
NAME RIDDLE Veteran’s $76k compensation check cashed 24 hours after bank account was opened – but cops stumped by true ID of holder
The Sun
A man has been arrested after attempting to cash a check for tens of thousands of dollars and confusing cops with his identity.
Details >11/27/2023
Chicago man sentenced for 2021 bank robbery in Rochester
KIMT
ROCHESTER, Minn. – A Chicago man is finally sentenced for robbing a Rochester bank in 2021.
Details >11/27/2023
How Credit Unions Can Avoid the Pinch of Fraud Liability in an Era of Instant Payments
CU Times
Members demand fast, easy and convenient experiences, but what happens when transactions go wrong? When a member is a victim of fraud, what starts as a convenient experience can quickly turn difficult, exposing credit unions to a financial hit.
Details >11/27/2023
Credit card skimming on the rise for the holiday shopping season
Malwarebytes Labs
As we head into shopping season, customers aren’t the only ones getting excited. More online shopping means more opportunities for cybercriminals to grab their share using scams and data theft.
Details >11/25/2023
Humanity to OpenAI Board: You’re Fired!
PYMNTS
The last time I wrote about governance was in the summer of 2016. The United Kingdom had put a decision to exit the European Union to a popular vote. Brexit squeaked through in a heated process with much misinformation. It will all be a piece of cake, it was said.
Details >11/25/2023
UK Government Says Country Needs Open Banking Alternatives to Visa and Mastercard
PYMNTS
The U.K. risks falling behind other nations unless it can create an alternative to its Faster Payment Service.
Details >11/25/2023
Biometrics May Be Online Retail’s Ticket to More Sales
PYMNTS
Retailers are leveraging innovative solutions, such as biometrics, to enhance convenience, security and personalized services in their day-to-day business.
Details >11/25/2023
Crypto scam: Inside the billion-dollar ‘pig-butchering’ industry
Reuters.com
Fraudulent crypto investment schemes directed from Asia known as “pig butchering” have become a global billion-dollar industry. But little is known about those who benefit. Reuters traced at least $9 million linked to such scams to an account registered to a well-connected representative of a Chinese trade group in Thailand.
Details >11/25/2023
40% of Firms See Security, Not Just Speed, as Real-Time Payments Plus
PYMNTS
The demand for real-time payments is soaring, with The Clearing House’s RTP® network, the flagship real-time payment system in the United States, now serving 65% of all demand deposit accounts in the country.
Details >11/25/2023
Last two Felony Lane Gang members plead guilty in NKY bank fraud scheme
Cincinnati.com The Enquirer
Six people, who authorities say were members of a nationwide crime syndicate, have all been convicted in a scheme to fraudulently withdraw money from banks in Northern Kentucky.
Details >11/25/2023
Cybersecurity experts report alarming rise in quishing; how to avoid getting scammed
7 Eyewitness News
A new QR code scam known as quishing is on the rise.
Details >11/19/2023
Identity Theft Statistics
WalletHub
Identity theft is when someone steals and uses your personal information, usually to benefit financially.
Details >11/19/2023
U.S. Postal Service employee, 2 others arrested in stolen check scheme
WSOC-TV
CHARLOTTE — A U.S. Postal Service employee and two other people have been arrested on federal charges after being accused of being involved in a scheme involving stolen checks worth $24 million, according to the United States Attorney’s Office.
Details >11/16/2023
Didn't cash your Minnesota rebate check? Keep an eye on your mail
Bring me the News
State officials say they believe many of the rebate checks, which were sent in plain envelopes, were accidentally discarded.
Details >11/15/2023
Microsoft Patch Tuesday, November 2023 Edition
Krebs on Security
Microsoft today released updates to fix more than five dozen security holes in its Windows operating systems and related software, including three “zero day” vulnerabilities that Microsoft warns are already being exploited in active attacks.
Details >11/15/2023
Biometric Authentication Tailor-Made for a Digital-First World
PYMNTS
The realm of payments authentication is undergoing a shift.
Details >11/15/2023
CFPB seeking to regulate large fintech payment processors
CFPB Journal
The Consumer Financial Protection Bureau wants to supervise large nonbanks that offer digital wallets and payment applications.
Details >11/14/2023
Bitcoin Depot CEO weighs in on new California law
Payments Dive
Bitcoin Depot CEO Brandon Mintz contends a new California law will “create economic challenges” for his company and other crypto ATM operators.
Details >11/14/2023
CFPB Orders Citi to Pay $25.9 Million for Intentional, Illegal Discrimination Against Armenian Americans
CFPB
Citi hid discrimination by giving consumers false reasons for credit denials
Details >11/14/2023
Job Scams
FTC
Scammers advertise jobs the same way honest employers do — online (in ads, on job sites, and social media), in newspapers, and sometimes on TV and radio.
Details >11/14/2023
Only a Third of eCommerce Merchants Know if Fraud Caused a Failed Payment
PYMNTS
Online retailers widely implement anti-fraud tools and strategies — but minimizing false declines while effectively screening out potential fraud is easier said than done.
Details >11/13/2023
CEOs of crashed tech upstart Bitwise accused of swindling $100M from investors
The Register
The co-founders and co-CEOs of failed startup Bitwise appeared in a California court Thursday accused of cheating investors out of $100 million by making up bank statements and revenue figures.
Details >11/13/2023
Searching for a job to work remotely? Avoid scams and identity theft
FTC
Found a job listing to telework as a Spanish translator or a data entry clerk with great benefits and pay? Scammers are impersonating real employers on legitimate platforms like ZipRecruiter and Indeed. When you respond, they might even schedule interviews and send you paperwork that looks legit. But it’s all a scam to get your information and steal your money or your identity. Here’s how to know you’re dealing with a scam.
Details >11/13/2023
Check Fraud: A Low-Tech and Increasingly Common Crime
The Federal Reserve FedPayments Improvement
The Federal Reserve’s longstanding commitment to combat fraud and build awareness includes providing education on fraud trends and improving the security of all payments. One form of payment in particular – checks – is seeing a sizable increase in fraudulent appeal.
Details >11/13/2023
How an Exchange Framework Can Accelerate Adoption of B2B Instant Payments
The Federal Reserve FedPayments Improvement
The world is moving fast. From same-day e-commerce delivery to instant streaming services, technological advancements have improved digitalization across multiple industries. This is also true for payments.
Details >11/13/2023
Massive Surge in Security Breaches of Pensions Prompt Questions
FORTRA
A recent report from RPC has revealed that cybersecurity breaches in UK pension schemes increased by 4,000% from 2021/22 to 2022/23.
Details >11/13/2023
A Scary Story of Group Policy Gone Wrong: Accidental Misconfigurations
FORTRA
In the world of cybersecurity, insider threats remain a potent and often underestimated danger.
Details >11/13/2023
6 Common Phishing Attacks and How to Protect Against Them
FORTRA
Phishing is still as large a concern as ever. “If it ain’t broke, don’t fix it,” seems to hold in this tried-and-true attack method.
Details >11/12/2023
Fighting Fraud: How criminals try to bypass two-factor authentication
Local 12
CINCINNATI (WKRC) - Many of us use two-factor authentication to better protect our bank account or online information.
Details >11/12/2023
A major cyber attack: $3.5 Trillion Loss can occur!
Security Boulevard
In our increasingly interconnected world, cyberattacks pose a serious concern, and the potential financial damage of these attacks is more surprising now than in the past.
Details >11/12/2023
St. Paul man on probation for bank robbery hits another bank, a pharmacy and a convenience store (twice)
INFORUM
Michael Dashon Wise, 49, was released from federal prison in 2020 and put on supervised probation for five years
Details >11/12/2023
BBB Study: Young adult scams surpass older age groups
Carriage Towne News
MARLBOROUGH, MA — People ages 18-24 reported losing more money to scams than older age groups, according to a new report published by the BBB Institute for Marketplace Trust (BBB Institute), the International Association of Better Business Bureaus’ educational foundation.
Details >11/12/2023
It’s Still Easy for Anyone to Become You at Experian
Krebs on Security
In the summer of 2022, KrebsOnSecurity documented the plight of several readers who had their accounts at big-three consumer credit reporting bureau Experian hijacked after identity thieves simply re-registered the accounts using a different email address.
Details >11/10/2023
Boeing Confirms Cyber Attack After LockBit Ransomware Threatened to Leak Data
CP Magazine
American aviation and aerospace giant Boeing is investigating a cyber attack claimed by the Russian LockBit ransomware group
Details >11/10/2023
A major cyber attack: $3.5 Trillion Loss can occur!
Security Boulevard
In our increasingly interconnected world, cyberattacks pose a serious concern, and the potential financial damage of these attacks is more surprising now than in the past.
Details >11/10/2023
Several new fraud alerts issued to residents across Florida
Fox 35 Orlando
Between Facebook Marketplace, Zelle, and even traditional phone calls – scammers are preying on Florida residents.
Details >11/10/2023
Costa Rica's $6 million National Bank heist was an inside job, authorities say
ABC News
SAN JOSE, Costa Rica -- Little by little an employee of Costa Rica’s National Bank took advantage of a surveillance blindspot to slip more than $6 million worth of currency into envelopes and casually walk out of the country’s largest bank, authorities said Wednesday.
Details >11/10/2023
Credit Repair Firms Driving $20B Synthetic ID Fraud Crisis
Gov Info Security
The ongoing battle against synthetic identity fraud has reached a critical point, as credit repair companies now play a major role in exacerbating this pervasive form of fraud.
Details >11/10/2023
Police search for suspect involved in Best Buy identity theft incident
WTVM
OPELIKA, Ala. (WTVM) - Police search for a suspect in an identity theft incident at Best Buy in Opelika.
Details >11/10/2023
What We Know After 6 Years of Asking Consumers About Receiving Instant Payments
PYMNTS
In the last year, 62% of consumers received disbursements from various corporate and government agencies, with the average consumer receiving $34,000.
Details >11/10/2023
What 23 Payments Executives Shared About Tomorrow’s Most Promising Innovations
PYMNTS
Only experts and insiders can truly know what the next great payments innovations will be.
Details >11/07/2023
Johnson City police release photos of bank robbery suspect
News Channel 11, wjhl.com
JOHNSON CITY, Tenn. (WJHL) – The Johnson City Police Department (JCPD) is investigating after a reported bank robbery Monday morning.
Details >11/07/2023
2 men indicted for alleged bank robbery spree across Chicago area
WGNTV
CHICAGO — Two men face federal charges for their alleged role in a string of bank robberies across the Chicago area, prosecutors announced Monday.
Details >11/07/2023
Financial Services Fraud Is up 39% from 2019, Says a TransUnion Report
Digital Transactions
Fraud at call centers operated by financial services organizations increased 39% from 2019 to 2022, according to new data from TransUnion LLC.
Details >11/07/2023
Financial Sector Prepares for New Payment Security Guidelines
Global News & Analysis
With increasingly digital payment methods, financial institutions are working to protect consumer data. Financial crimes such as synthetic identity fraud have grown easier with the development of artificial intelligence (AI).
Details >11/07/2023
SCSO Arrests Five on Racketering, Identity Theft Charges
Sarasota County Sheriff's Office
The Sarasota County Sheriff's Office (SCSO), working jointly with the Florida Department of Law Enforcement (FDLE), arrested Sammy David Nelson, 39, and Brittany Alexandria Nelson, 34, both of Margate; Jerome Dale Senior II, 41, of Plantation; Linda Joyce Hugley, 65, of Lauderdale Lakes; and Karlyn Marketa Campbell, 39, of Pompano Beach – all members of the Nelson Group.
Details >11/06/2023
Businessman sentenced in $180 million bank fraud that paid for lavish lifestyle, classic cars
AP News
CLEVELAND (AP) — A businessman who orchestrated a $180 million check-kiting scheme and used the proceeds to live a lavish lifestyle and amass one of the world’s most revered classic car collections has been sentenced to more than eight years in prison.
Details >11/06/2023
Southern Pine Credit Union President and Controller Plead Guilty to Bank Fraud
United States Attorney's Office Middle District of Georgia
VALDOSTA, Ga. – The former President and the former Controller of Southern Pine Credit Union in Valdosta both pleaded guilty to long-running multimillion-dollar bank loan and aggravated identity theft schemes.
Details >11/06/2023
Over 70% of Consumers Do Not Believe Real-Time Payments Are Truly Instant
PYMNTS
Consumers are increasingly embracing the immediacy and transparency offered by real-time payments. And the migration to ISO 20022, a new global standard for secure and efficient messaging between financial institutions (FIs), is expected to further accelerate this trend.
Details >11/06/2023
Parents are stealing their children’s identities to access debt—and destroying their kids’ credit scores in the process
Yahoo Finance
When Axton Betz-Hamilton set up her first utility bill at college, she soon realized something was very, very wrong.
Details >11/06/2023
’Tis the Season for Fraudsters and Gift Card Scams
PYMNTS
The holidays are upon us, and gift cards remain a favorite to give and receive.
Details >11/06/2023
Who’s Behind the SWAT USA Reshipping Service?
Krebs On Security
Last week, KrebsOnSecurity broke the news that one of the largest cybercrime services for laundering stolen merchandise was hacked recently, exposing its internal operations, finances and organizational structure.
Details >11/06/2023
Nigerian National Pleads Guilty to Multi-Million Dollar Cyber Fraud Scheme Targeting Tulsa Company and Four Other Companies
United States Attorney's Office Northern District of Oklahoma
TULSA, Okla. – A Nigerian national pleaded guilty Tuesday to wire fraud and transportation of stolen property in federal court, announced U.S. Attorney Clint Johnson.
Details >11/06/2023
Russian Reshipping Service ‘SWAT USA Drop’ Exposed
Krebs on Security
One of the largest cybercrime services for laundering stolen merchandise was hacked recently, exposing its internal operations, finances and organizational structure.
Details >11/06/2023
Over 70% of Consumers Do Not Believe Real-Time Payments Are Truly Instant
PYMNTS
Consumers are increasingly embracing the immediacy and transparency offered by real-time payments.
Details >11/01/2023
Humans are still better than AI at crafting phishing emails, but for how long?
Help Net Security
Humans are still better at crafting phishing emails compared to AI, but not by far and likely not for long, according to research conducted by IBM X-Force Red.
Details >11/01/2023
Russian Hackers Breached 632,000 DOJ And Pentagon Email Addresses In Massive MOVEit Cyberattack, Report Says
Forbes
The email addresses of about 632,000 employees from the Justice and Defense departments were accessed in a hack earlier this year, Bloomberg reported Monday, adding to the number of organizations—including airlines, universities and other U.S. agencies—impacted by a series of data breaches largely blamed on a Russian-speaking criminal group.
Details >11/01/2023
Jury finds Hawaii couple guilty for stealing identities of dead babies
Hawaii News Now
HONOLULU (AP) - A jury has convicted a Hawaii couple of conspiracy, passport fraud and identity theft for stealing identities and living for decades under the names of dead babies.
Details >11/01/2023
Young people hardest hit by scams according to BBB report
Fox 13 Salt Lake City
SALT LAKE CITY — It's a common stereotype that older people are easy targets for con artists, but a new report from the Better Business Bureau People found that people ages 18-24 reported losing more money to scams than older age groups.
Details >11/01/2023
Dallas County officials reported Tuesday on their defense against a cyber attack
Dallas County
Dallas County officials said Tuesday that a cyber attack they now confirm was detected on October 19 has been contained with no closure of services.
Details >11/01/2023
Trial set in identity theft case
Leader Telegram
EAU CLAIRE — A February trial is scheduled for a woman facing seven courts of identity theft in Eau Claire.
Details >10/31/2023
Scammers are impersonating FTC Inspector General Andrew Katsaros
FTC
Scammers are using the names of FTC employees, including the FTC’s Inspector General, to trick people into sending money or giving up their personal information. Here’s what you need to know.
Details >10/31/2023
The Rising Role of Cybersecurity in ESG and How Companies Are Taking Action
Sustainability.com
In today’s data-driven world, cybersecurity has emerged as one of the biggest threats to the global economy and is one of the top risks facing businesses worldwide.
Details >10/31/2023
"Superman" Bank Robbery Suspect Captured in Alabama
Country 94.7 KTTS
(KTTS News) — A man from Mississippi has been charged with robbing a Springfield bank.
Details >10/31/2023
.US Harbors Prolific Malicious Link Shortening Service
Krebs on Security
The top-level domain for the United States — .US — is home to thousands of newly-registered domains tied to a malicious link shortening service that facilitates malware and phishing scams, new research suggests.
Details >10/31/2023
.US Harbors Prolific Malicious Link Shortening Service
Krebs on Security
The top-level domain for the United States — .US — is home to thousands of newly-registered domains tied to a malicious link shortening service that facilitates malware and phishing scams, new research suggests.
Details >10/30/2023
10 things you should never keep on your mobile to avoid fraud and data theft
Tech World
.Nowadays, it is very common to save all types of information on your mobile, from photos and videos to important personal documents. However, storing certain types of data can be dangerous for your privacy and security online.
Details >10/30/2023
iLeakage Attack: Theft of Sensitive Data from Apple’s Safari Browser
Hack Read
What happens in iLeakage attacks is that the CPU is tricked into executing speculative code that reads sensitive data from memory.
Details >10/30/2023
A silent crisis: Data breaches are bankrupting small businesses
Citrus County Chronicle
In 2022, the United States witnessed a staggering 1,802 data breach cases, affecting more than 422 million individuals.
Details >10/30/2023
Rise in global cyberattacks, ransomware threats surge, healthcare and APAC most affected
PYMNTS
According to a recent comparative study by Check Point Research, the first nine months of 2023 and 2022 have witnessed an increase in global cyberattacks. The report reveals that average weekly global cyberattacks rest 3% higher this year as compared to the prior year.
Details >10/30/2023
Musk Says X Will Be Financial Service Hub by 2024
PYMNTS
Elon Musk reportedly expects X to transform into a payments super app by next year.
Details >10/29/2023
What you can do when ‘fraud never sleeps’
ABA Risk and compliance Banking Journal
To effectively protect the consumer and the organization, it’s paramount to delve into the human side of financial crime, says Kelly Richmond Pope, an expert in risk, forensic accounting and white-collar crime research.
Details >10/29/2023
Out-of-state check forgery ring busted by Madison PD
Madison County Journal
MADISON — Five people were arrested last week in a conspiracy involving fraudulent check writing here.
Details >10/29/2023
CFOs See Instant Payments as ‘Cash Management’ Tool
PYMNTS
The last few months have been ones of marked change for B2B payments, and the rise of embedded finance points the way for what’s to come in 2024 and beyond.
Details >10/29/2023
Accelerating Account-to-Account Transfers via Real-Time Payments
PYMNTS
Account-to-account (A2A) transfers have seen a renaissance over the past decade as open banking grows more popular. However, in the United States, these bank payments are slower and less efficient than other options. Implementing real-time rails could potentially revolutionize the A2A ecosystem.
Details >10/29/2023
Risk managers beware – generative AI spells serious concerns for security
Insurance Business Magazine
More than eight in 10 believe that deepfake tech will be used in future cyber attacks
Details >10/26/2023
Hackers Stole Access Tokens from Okta’s Support Unit
Krebs on Security
Okta, a company that provides identity tools like multi-factor authentication and single sign-on to thousands of businesses, has suffered a security breach involving a compromise of its customer support unit, KrebsOnSecurity has learned.
Details >10/26/2023
AG Ellison reaches settlement over $2.3B in attempted unauthorized withdrawals
KEYC News Now
ST. PAUL, Minn. (KEYC) - Minnesota Attorney General Keith Ellison reached a multibillion settlement over unauthorized withdrawals.
Details >10/26/2023
Salt Security Discovers Flaws in Social Login Mechanism Impacting 1000s of Websites and Exposing Billions of Users to Account Takeover
Cision PR Newswire
PALO ALTO, Calif., Oct. 24, 2023 /PRNewswire/ -- Salt Security, the leading API security company, today released new threat research from Salt Labs highlighting API security vulnerabilities uncovered in the social sign-in and Open Authentication (OAuth) implementations of multiple online companies, including Grammarly, Vidio, and Bukalapak.
Details >10/26/2023
More than 500 potential cyber attacks logged every second, BT says
Independent
More than 46 million signals of potential cyber attacks are spotted by cyber security experts every day around the world, according to new data from BT.
Details >10/26/2023
There were 11% more ransomware attacks in Q3 than Q2 2023
Security Magazine
A recent global ransomware report by Corvus Insurance found that ransomware attack frequency is up 11% from Q2 and increased 95% year-over-year (YoY). According to the report, the single MOVEit vulnerability accounted for 9% of victims listed in Q2 and 13% of victims listed in Q3.
Details >10/26/2023
Cyber operations linked to Israel-Hamas fighting gain momentum
Cyberscoop
Amid a flurry of exaggerated claims of cyber attacks, experts caution that attacks on digital systems may intensify as the conflict drags on.
Details >10/26/2023
CHATGPT'S SCARY GOOD AT GETTING PEOPLE TO CLICK PHISHING EMAILS, IBM FINDS
Futurism
OpenAI's ChatGPT can spit out a poem or write a letter if you're at a loss for words. Or, given the right prompts, you can use it to write a convincing phishing email at unprecedented speed and scale.
Details >10/26/2023
‘What’s Next’ for Payments in 2024 and Beyond? Citi Says Invisible Payments (Finally)
PYMNTS
With 2024 right around the corner, Vineeth Subramanyam, managing director and global head of Spring by Citi, told Karen Webster that the unstoppable push toward personalization and automation in payments will take a cue from innovations stretching back into the early days of the millennium.
Details >10/26/2023
ISO 20022, Open Banking Will Transform Cross-Border Payments
PYMNTS
Nilesh Dusane, global head of institutional payments at Amazon Web Services (AWS), told Karen Webster that there’s one common refrain among financial institutions (FIs) and payment companies.
Details >10/25/2023
American Family Insurance Confirms Reports of Cyber Attack, Raising Consumers’ Concerns Over a Possible Data Breach
JD Supra
Last week, American Family Insurance (“American Family”) confirmed that the recent IT issues the company has been dealing with were due to a cyberattack.
Details >10/25/2023
September saw a record 153% increase of ransomware attacks, says NCC Group
zdnet.com
With 514 victims falling prey to ransomware in September, it's time every consumer and business started taking this threat seriously.
Details >10/25/2023
Generation Z Will Help Shape Payments Innovations for Years to Come
PYMNTS
Jacqueline White, president at i2c, told PYMNTS in a recent interview that “what’s next” in payments may be determined by demographics.
Details >10/25/2023
What’s Next in Payments Security: White Hats vs Black Hats, With AI as a Weapon
PYMNTS
Jeff Hallenbeck, head of financial partnerships at Forter, told PYMNTS that as 2024 dawns, artificial intelligence (AI) will be a technological tool increasingly leveraged by fraudsters — and a tool necessary to beat them too.
Details >10/25/2023
Regions Financial Sinks Most Since March After Earnings Miss
Bloomberg
Regions Financial Corp. slumped as much as 16% after warning it expects further declines in net interest income as higher rates continue to take a toll on the bank.
Details >10/20/2023
NJ Settles with ACI Payments, Inc. for Unauthorized Transactions from Mr. Cooper Customer Accounts
Insider NJ
The New Jersey Department of Banking and Insurance and 43 other state financial agencies have reached settlements with ACI Payments, Inc. for erroneously initiating electronic transactions totaling $2.3 billion from the accounts of 480,000 mortgage-holders serviced by the business Mr. Cooper (formerly known as Nationstar Mortgage, LLC).
Details >10/20/2023
Zumigo introduces QR code for passwordless login
Help Net Security
Zumigo launched a functionality within the Zumigo Assure Authentication product that facilitates the transfer of verified trust from a user’s mobile phone to a desktop, laptop and tablet.
Details >10/20/2023
Don’t Mail a Check or Other Financial Docs on This Day of the Week
Yahoo Finance
Many people send important financial documents — such as checks, money orders and tax returns — in the mail. While this method might not be as fast as, say, emailing them, it may be more secure.
Details >10/20/2023
Fighting fraud against older adults
FTC
Protecting older adults is one of the FTC’s top priorities, and a new report to Congress tells how the agency tackled fraud, scams, and other issues affecting older adults over the last year. It’s been a busy year at the FTC, so what are some of the highlights?
Details >10/20/2023
Marijuana operator gets $22M in loans from Minnesota governmental agencies
MJ Biz Daily
Hwy35, a Missouri-based marijuana operator, secured $22 million in funding from two state agencies in Minnesota as well as a municipality.
Details >10/18/2023
Navigating Risk and Fraud Management in the World of Bank Transfers
Payments Journal
Digital transformation has accelerated the evolution of financial transactions dramatically in the last decade. Gone are the days when paper checks were the norm, with a recent Philadelphia Fed Study, reporting that since 2009, paper check usage has been dropping by 1.2 billion annually.
Details >10/18/2023
KC Woman Sentenced for Fraud Schemes, Identity Theft
United States Attorney's Office Western District of Missouri
KANSAS CITY, Mo. – A Kansas City, Mo., woman was sentenced in federal court today for a series of fraud schemes that utilized stolen identity information.
Details >10/18/2023
The Fake Browser Update Scam Gets a Makeover
Krebs on Security
One of the oldest malware tricks in the book — hacked websites claiming visitors need to update their Web browser before they can view any content — has roared back to life in the past few months.
Details >10/17/2023
The Clearing House CEO: ‘It’s All About Growing the Real-Time Payments Pie, Not Fighting Over Profits’
PYMNTS
Now in his eighth month as CEO of The Clearing House, David Watson noted to PYMNTS CEO Karen Webster that there’s significant promise — and a long road ahead — for real-time payments in the United States.
Details >10/17/2023
Tech CEO Sentenced to 5 Years in IP Address Scheme
Krebs on Security
Amir Golestan, the 40-year-old CEO of the Charleston, S.C. based technology company Micfo LLC, has been sentenced to five years in prison for wire fraud.
Details >10/16/2023
US Banks Brace for Surge in Bad Debt Write-Offs
PYMNTS
The largest U.S. banks are reportedly bracing themselves for a surge in bad debt write-offs, the highest since the early days of the pandemic.
Details >10/16/2023
Help Your Vendors Safeguard Your Company from Cybercrime
Las Vegas Review-Journal
When it comes to phishing, scams and other types of fraud, bad actors play their villainous roles to near-perfection, and too often, they get a fat paycheck for your trouble. One of the lesser-known avenues for a cyberattack is through what most companies consider trusted allies: the vendors they do business with.
Details >10/15/2023
ATM worker robbed at Regions Bank in Franklin, FBI, police searching for 2 suspects
WSMV NBC 4
NASHVILLE, Tenn. (WSMV) - Franklin police and the Federal Bureau of Investigation are searching for two suspects after a worker servicing an ATM on Murfreesboro Road was robbed on Thursday afternoon.
Details >10/15/2023
AARP warns about the rise of smishing
the Farmville Herald
If you have a cell phone, you've probably noticed an increase in text messages from people you don't know.
Details >10/14/2023
Would-be bank robber asks for keys to vault
WREG.com
MEMPHIS, Tenn. — A man who tried to rob a Cordova bank Tuesday afternoon left without any loot.
Details >10/14/2023
Two bank workers found safe in vault after being held at gunpoint amid armed robbery
Yahoo News
Two workers at a University Place bank, who were being held at gunpoint, dashed to the vault and locked the door amid a robbery.
Details >10/13/2023
Protect your business from check fraud: Tips from an Atlanta banking expert
Biz Journals
Last year, 65% of all businesses experienced payment fraud attacks, according to the Association for Financial Professionals.
Details >10/13/2023
$760K Check Scheme: Westchester Man Nabbed For 'Malicious Fraud,' Feds Say
Dailyvoice.com NY
A 26-year-old Westchester man who was arrested while hiding under his co-conspirator’s couch now faces charges in connection to a $760,000 check fraud scheme that victimized several people and their businesses, officials announced.
Details >10/13/2023
CHECK FRAUD SUSPECT ARRESTED THANKS TO ALERT TELLER
Upper Merion Township Police Department, PA
On Tuesday October 3rd, 2023 at about 11:20 AM, Upper Merion Police responded to the Police and Fire Federal Credit Union, located at 236 W. Dekalb Pike in reference to a check fraud in progress. As officers were on the way to the bank, they were advised by dispatchers that the suspect was inside the bank attempting to cash a $9,700 check. The female presented an out of state driver's license to the teller and didn't have an account with the bank.
Details >10/13/2023
17 BSO employees charged in wide-ranging PPP loan fraud investigation
Local 10.com
BROWARD COUNTY, Fla. – Broward County Sheriff Gregory Tony joined federal law enforcement officials Thursday for a news conference announcing the arrests of more than a dozen Broward Sheriff’s Office employees suspected of fraudulently applying for and receiving Paycheck Protection Program loans.
Details >10/12/2023
How an Exchange Framework Can Accelerate Adoption of B2B Instant Payments
The Federal Reserve FedPayments Improvement
The world is moving fast. From same-day e-commerce delivery to instant streaming services, technological advancements have improved digitalization across multiple industries. This is also true for payments.
Details >10/12/2023
Crypto companies touting FDIC insurance? Not so fast.
FTC
If your bank is FDIC insured, you’re protected up to $250,000 if the bank fails. But what about the funds you deposit with a crypto-based financial services provider? Nope.
Details >10/11/2023
Patch Tuesday, October 2023 Edition
Krebs on Security
Microsoft today issued security updates for more than 100 newly-discovered vulnerabilities in its Windows operating system and related software, including four flaws that are already being exploited. In addition, Apple recently released emergency updates to quash a pair of zero-day bugs in iOS.
Details >10/11/2023
How to Spot a Fake Cashier’s Check: Tips and Tricks
Nigerian Tribune
If you’re receiving a cashier’s check, you might think it’s a guaranteed form of payment.
Details >10/11/2023
What can I do if I am the victim of identity theft? Ask the Lawyer
Daily Breeze
Q: Never thought this would happen to me. Someone somehow got my Social Security number, obtained a credit card and charged items on it. I found out when the bill came. Now what?
Details >10/11/2023
Police respond to incident at bank in Sioux Falls
Keloland.com
SIOUX FALLS, S.D. (KELO) — A Sioux Falls man is behind bars, accused of robbing a bank on the west side of the city.
Details >10/10/2023
Skimmer Gets Prison for Million-Dollar Financial Identity Theft Scheme
United States Attorney's Office Southern District of California
SAN DIEGO – A Los Angeles metropolitan resident was sentenced today to 41 months in prison for repeatedly installing specialized devices to steal the financial information of unwitting victims at gas pumps throughout Southern California.
Details >10/10/2023
Two Charlotte Businessmen Are Sentenced To Prison For Selling Fraudulently Obtained New iPhones Overseas
United States Attorney's Office Western District of North Carolina
CHARLOTTE, N.C. – Hamzeh Jamal Alasfar, 31, and Tayseer Issam Alkhayyat, 35, both of Charlotte, were each sentenced today to 46 months in prison for a multi-year scheme to buy, sell, and ship fraudulently obtained and stolen new Apple iPhones to domestic and international buyers, announced Dena J. King, U.S. Attorney for the Western District of North Carolina.
Details >10/10/2023
Member of counterfeit savings bonds ring convicted
United States Attorney's Office Southern District of Texas
BROWNSVILLE, Texas - A 45-year-old California woman has pleaded guilty to conspiring to make, pass and transfer counterfeit U.S. savings bonds and passing counterfeit savings bonds.
Details >10/10/2023
Phishers Spoof USPS, 12 Other Natl’ Postal Services
Krebs on Security
Recent weeks have seen a sizable uptick in the number of phishing scams targeting U.S. Postal Service (USPS) customers.
Details >10/10/2023
AARP Virginia Fraud Alert: The Rise of Smishing
AARP
If you have a cell phone, you've probably noticed an increase in text messages from people you don't know.
Details >10/09/2023
Lawmakers Raise Concerns Over Social Media’s Deepfake Problem
PYMNTS
Generative artificial intelligence (AI) can digitally create nearly everything and anything.
Details >10/09/2023
Handicapping the US, UK and Europe Real-Time Payments Race
PYMNTS
Real-time payments have revolutionized the global financial landscape, fostering greater efficiency, convenience and inclusion. Countries worldwide are embracing real-time payment systems to meet the growing demand for instant transactions.
Details >10/09/2023
Can Blockchain Deliver Speed, Security and Inclusion to Global Payments?
PYMNTS
Innovative technology is on the cusp of transforming existing global payments infrastructure.
Details >10/09/2023
How Contactless Payment is Changing the Way We Shop
Fintech Zoom
In today’s fast-paced world, convenience is key, especially when it comes to shopping. With the advent of contactless payment, our shopping experience has been revolutionized.
Details >10/09/2023
That friend request could be from a scammer
FTC
Scammers are using social media to go after your money and personal information. And it’s working: since 2021, people have reported losing $2.7 billion to scams that started on social media — way more than with any other contact method.
Details >10/09/2023
Preventing Account Takeovers: A Crucial Step to Mitigate Identity Theft
Security Boulevard
In today’s hyper-connected world, the threat of account takeovers and identity theft is more real than ever. As corporate executives and High Net Worth Individuals (HNWI), you are particularly at risk.
Details >10/09/2023
FBI warns of rising elder fraud crime rates as scammers steal billions in savings each year
CBS News
Washington — Americans over 60 are increasingly falling victim to crimes of fraud perpetrated online and over the phone at rates that add up to billions in losses each year, and federal investigators are warning that the scammers are becoming more sophisticated in the ploys they use to get their victims to hand over large sums of money.
Details >10/09/2023
Why One Of The Largest Cyber-Attacks Is Still A Mystery
Slash Gear
Cyber espionage is a powerful tool in modern warfare. It can be used to spy on prominent individuals like political leaders, government officials, and business heads, spread disinformation, and even disrupt infrastructure.
Details >10/09/2023
10 charged in $14K fraud scheme targeting drive-thru customers at NW Indiana fast food restaurant
NBC Chicago
Nine people were arrested in connection with a money laundering scheme involving employees at a Northwest Indiana fast food restaurant who stole customers' credit card information, which was used to fraudulently obtain funds and post bail for multiple inmates at the LaPorte County Jail, according to authorities.
Details >10/09/2023
Facial Recognition Debate Gathers Steam Despite Popularity Among Gen Z Consumers
PYMNTS
As the use of facial recognition software continues to expand around the world, concerns about privacy and human rights violations have reignited the debate surrounding this technology.
Details >10/09/2023
FBI: Crippling 'Dual Ransomware Attacks' on the Rise
Dark Reading
Once they compromise an victim with an initial ransomware attack, threat actors are ready to deploy a secondary attack with a different strain, which could leave even more damage.
Details >10/05/2023
Attorney General’s Office charges five with $9.5M in Medicaid fraud
MN Attorney General
August 29, 2023 (SAINT PAUL) — Minnesota Attorney General Keith Ellison announced today that his office has charged five people as part of a scheme to defraud the Minnesota Medical Assistance (Medicaid) program out of approximately $9.5 million.
Details >10/05/2023
Man indicted for blowing up ATM
United States Attorney's Office Northern District of Georgia
ATLANTA – Abdurrahim Jalal has been indicted for blowing up a bank automated teller machine and for possession of illegal explosive devices.
Details >10/05/2023
National Security Agency is Starting an Artificial Intelligence Security Center
Security Week
The NSA is starting an artificial intelligence security center — a crucial mission as AI capabilities are increasingly acquired, developed and integrated into U.S. defense and intelligence systems.
Details >10/05/2023
FBI: Crippling 'Dual Ransomware Attacks' on the Rise
Dark Reading
Once they compromise an victim with an initial ransomware attack, threat actors are ready to deploy a secondary attack with a different strain, which could leave even more damage.
Details >10/05/2023
82% of Small Insurance Firms Forgo Instant Payments
PYMNTS
The insurance industry is witnessing a surge in the adoption of real-time payments, with nearly 40% of all firms surveyed in a PYMNTS study planning to increase their use of instant payments, and 25% anticipating increases in the real-time payments they receive.
Details >10/04/2023
FBI: Crippling 'Dual Ransomware Attacks' on the Rise
Dark Reading
Once they compromise an victim with an initial ransomware attack, threat actors are ready to deploy a secondary attack with a different strain, which could leave even more damage.
Details >10/04/2023
New CFPB Rules Are Coming for Data Brokers
Faegre Drinker
The director of the Consumer Financial Protection Bureau (CFPB) recently announced that the agency will be developing new rules defining a data broker that sells certain types of consumer data as a “consumer reporting agency” under the Fair Credit Reporting Act (FCRA).
Details >10/03/2023
Data Doesn’t Deceive: Cyber Attacks and it’s Reality Check
Security Boulevard
Cyber Attacks are an ongoing indicator that the internet has two sides as we explore digital platforms. On every click and keystroke, there can be both a source of convenience and a potential cyber threat.
Details >10/02/2023
Don’t Let Zombie Zoom Links Drag You Down
Krebs on Security
Many organizations — including quite a few Fortune 500 firms — have exposed web links that allow anyone to initiate a Zoom video conference meeting as a valid employee.
Details >10/01/2023
FinTechs Prioritize Convenience, but Customers Want Faster Payments and More Choice
PYMNTS
Today’s economy relies heavily on digitally oriented consumers, which makes moving money swiftly a crucial demand for financial service providers, particularly emerging FinTech issuers aiming to attract customers away from traditional banks.
Details >09/30/2023
enton County Sheriff: Sauk Rapids Resident Target Of Attempted Scam
KNSI Radio
(KNSI) – The Benton County Sheriff’s Office warned on Facebook Friday about an attempted scam in the area recently.
Details >09/30/2023
A Closer Look at the Snatch Data Ransom Group
Krebs on Security
Earlier this week, KrebsOnSecurity revealed that the darknet website for the Snatch ransomware group was leaking data about its users and the crime gang’s internal operations.
Details >09/30/2023
Unraveling the Johnson Controls Ransomware attack: Dark Angels wants $51 million
Data Conomy
Johnson Controls ransomware attack is the topic of the day. Johnson Controls, a global industrial control systems leader, is battling the notorious Dark Angels hackers.
Details >09/27/2023
Nasty malware can steal login credentials for 400 banks
Kim Komando
Malware can be used for many nefarious things. The scariest way it’s used is to steal banking information. Now, hackers are going straight for the financial reward, sidestepping the usual methods for data extraction.
Details >09/27/2023
Can artificial intelligence be used to prevent fraud?
Nation World News
In the digital age in which we live, technology is advancing in leaps and bounds, and one of the fields that is experiencing exponential growth is artificial intelligence (AI).
Details >09/27/2023
Aware but unprepared: Canadians know fraud is on the rise, but don't know what to do if their data is compromised
RBC
TORONTO, Sept. 26, 2023 - With new scams becoming more frequent and sophisticated, a majority of Canadians (88 per cent) report they've experienced an increase in attempts at fraudulent activity, and seven out of 10 (73 per cent) say they were knowingly targeted, according to a new survey from RBC.
Details >09/27/2023
‘Snatch’ Ransom Group Exposes Visitor IP Addresses
Krebs On Security
The victim shaming site operated by the Snatch ransomware group is leaking data about its true online location and internal operations, as well as the Internet addresses of its visitors, KrebsOnSecurity has found.
Details >09/25/2023
Three US firms add over a million MOVEit victims
Cybernews
Sovos, Financial Institution Service Corporation (FISC), and Johnson Financial Group (JFG) said the MOVEit breach impacted the sensitive data of over one million individuals.
Details >09/25/2023
How An Amateur Rap Crew Stole Surveillance Tech That Tracks Almost Every American
Forbes
On a June day last year, a skinny, dreadlocked 29-year-old rapper known as Tony Da Boss lay in bed in a redbrick apartment on a tree-lined street in Charlotte, North Carolina.
Details >09/25/2023
Involved in a data breach? Here’s what you need to know
Malwarebytes Labs
If you've received a message from a company saying your data has been caught up in a breach, you might be unsure what to do next. We've put together some tips which should help you when the (more or less) inevitable happens.
Details >09/25/2023
Congressional committee passes bill to thwart CBDC
Payments Dive
The House Financial Services Committee last week passed a bill that would stop the Federal Reserve from working on a central bank digital currency, giving the full House a chance to consider the legislation.
Details >09/25/2023
Scammers impersonate bank employees to steal nearly $2M from Pennsylvania customers, officials say
WFMJ 21
A theft ring stole nearly $2 million from bank customers in central Pennsylvania in an elaborate scheme in which the scammers, posing as bank employees, tricked people into giving up their account information.
Details >09/25/2023
Faster Payments Means Faster, Better Fraud Fighting Tools
PYMNTS
According to Pradheep Sampath, CPO at Entersekt, the rise of instant payments demands a new approach to fighting fraud.
Details >09/25/2023
Law enforcement share tactics for catching bank robbers
WILX 10 Michigan
JACKSON, Mich. (WILX) - When a bank robber strikes, law enforcement said it’s ready to respond.
Details >09/25/2023
Two arrested in check theft syndicate
Fox 44 News TX
KILLEEN, TX (FOX 44) – UPDATE: An investigation into checks written to a Killeen area church, but which later turned out to be cashed by others after being altered, may have led to the discovery of a check theft syndicate operating in the area.
Details >09/25/2023
Former MN insurance broker charged with fraud for fake customer scheme
CBS News WCCO
MINNEAPOLIS -- A former Minnesota insurance broker was charged for fraud after an investigation by the Minnesota Commerce Fraud Bureau found he invented fake customers and Social Security numbers.
Details >09/25/2023
5 credit card scams to watch out for this holiday season
Fox59 and NerdWallet
(NerdWallet) – In the list of things you want to be doing around the holidays, fending off scam artists has to be at the bottom. And yet, the holidays can be a prime time for scammers hoping to take advantage of the busy season.
Details >09/25/2023
Fiserv: Instant Payments Need ‘Killer Use Case’ as FedNow Service Launches
PYMNTS
The FedNow® Service is rounding the corner into its second month of operation.
Details >09/25/2023
Understanding Malicious Package Attacks and Defense Strategies for Robust Cybersecurity
FORTRA
Malicious packages consist of software embedded with code that is capable of causing harm to an entire system or network. This is a rapidly growing threat affecting open-source software and the software supply chain.
Details >09/25/2023
10 Mistakes in Cybersecurity and How to Avoid Them
FORTRA
It's easy to rest on our laurels. Prevent a few breaches – or go long enough without one – and you start to feel invincible. While our efforts are certainly laudable, we can't get too comfortable.
Details >09/25/2023
2023 Cost of a Data Breach: Key Takeaways
FORTRA
It’s that time of year - IBM has released its “Cost of a Data Breach Report.” This year’s report is jam-packed with some new research and findings that highlight how organizations are implementing security and risk mitigation techniques to help identify and contain data breaches.
Details >09/25/2023
Thousands of dollars stolen from Texas ATMs using Raspberry Pi
FORTRA
A Texas court has heard how last month a gang of men used a Raspberry Pi device to steal thousands of dollars from ATMs.
Details >09/24/2023
Why the Digital Transformation Needs a Reset
PYMNTS
Warren Buffet is reported to have said that digital transformation is a fundamental reality of business today. McKinsey says that 70% of digital transformation projects fail. Both suggest the need to reset expectations about what digital transformation means and what success looks like in the inevitable transition to a more digitally-enabled global economy.
Details >09/22/2023
Two-Thirds of Manufacturers Plan More Real-Time Payments Features Within 12 Months
PYMNTS
The pivot toward real-time payments is sweeping what might be the most “smokestack” of the some-stack verticals within the economy.
Details >09/19/2023
Who’s Behind the 8Base Ransomware Website?
Krebs on Security
The victim shaming website operated by the cybercriminals behind 8Base — currently one of the more active ransomware groups — was until earlier today leaking quite a bit of information that the crime group probably did not intend to be made public.
Details >09/18/2023
MGM Resorts employee says paycheck is late amid cyber attack
Fox 5 Local Las Vegas
LAS VEGAS, Nev. (FOX5) - Alvin Evans III is training to join the security team at T-Mobile arena, which is co-owned by MGM Resorts International.
Details >09/18/2023
Consumers Want Banks to Make Paying Bills Easier
PYMNTS
The bill payment process can often be a source of frustration for consumers, with a significant share experiencing difficulties when attempting to pay their bills.
Details >09/18/2023
How to PayFac: What Software Platforms Need to Know
PYMNTS
The merchant acquiring model has undergone many changes since the introduction of the first general-purpose credit card in 1958. Back then, acquiring banks were responsible for finding merchants and signing them up to accept consumer payments using those cards.
Details >09/15/2023
Western Union Debuts ‘Concept Store’ For Jordan's Foreign Labor Force
PYMNTS
Western Union has launched a “concept store” in Jordan to support that country’s foreign-born workforce.
Details >09/15/2023
Five Men Charged with Using New York Diamond District Companies as Fronts to Illegally Move More Than $600 Million
United States Attorney's Office District of New Jersey
NEWARK, NJ. – Five men who work in New York City’s Diamond District were arrested today and charged with illegally processing more than $600 million through unlicensed money transmitting businesses, U.S. Attorney Philip R. Sellinger announced.
Details >09/15/2023
IRS Notice on Tax Scams
IRS
To protect taxpayers from scams, IRS orders immediate stop to new Employee Retention Credit processing amid surge of questionable claims; concerns from tax pros, aggressive marketing to ineligible applicants highlights unacceptable risk to businesses and the tax system
Details >09/14/2023
MGM Resorts Cyberattack Hobbles Las Vegas Strip Operations
Dark Reading
MGM Resorts is battling to recover its systems following a Sept. 10 cyberattack that left its hotel operations across the country in digital disarray. Experts suspect a ransomware attack is behind the outages.
Details >09/14/2023
FBI Hacker Dropped Stolen Airbus Data on 9/11
Krebs on Security
In December 2022, KrebsOnSecurity broke the news that a cybercriminal using the handle “USDoD” had infiltrated the FBI‘s vetted information sharing network InfraGard, and was selling the contact information for all 80,000 members.
Details >09/14/2023
Fraud Losses From Impersonator Scams Double For Largest US Banks
PYMNTS
Financial institutions (FIs) have generally found fraud and financial crime to be continually more sophisticated. The rise of digital banking and ever-faster digital payment methods have accelerated this phenomenon.
Details >09/13/2023
Adobe, Apple, Google & Microsoft Patch 0-Day Bugs
Krebs on Security
Microsoft today issued software updates to fix at least five dozen security holes in Windows and supported software, including patches for two zero-day vulnerabilities that are already being exploited. Also, Adobe, Google Chrome and Apple iOS users may have their own zero-day patching to do.
Details >09/13/2023
AARP Backs Bill to Protect Victims of Social Security Theft
AARP
If your Social Security number has been stolen or misused, the last thing you need is government red tape getting in the way as you resolve the issue. AARP backs federal legislation that aims to make dealing with identity theft easier.
Details >09/13/2023
State prepares for cyber attacks, A.I.
KARE 11
Legislative commission has oversight over efforts by state agencies to prepare for more sophisticated cyber attacks and artificial intelligence.
Details >09/13/2023
The launch of FedNow: Fast cash or fast fraud?
Biometric Update
What U.S. financial institutions and online marketplaces need to consider when weighing their participation in the new instant payment system
Details >09/13/2023
Stolen Auto Accounts: The $2 Price Tag on Your Car’s Identity
Security Boulevard
It costs about $1,000 to purchase a person’s identity on the dark web from stolen financial accounts. Why pay $1,000 when it’s only $2 to steal a car’s identity and still make a hefty profit?
Details >09/13/2023
What Is Account Hijacking?
CellularNews.com
Welcome to another installment of our “DEFINITIONS” series, where we shed light on various cybersecurity terms.
Details >09/13/2023
Report: Up to $135B stolen in unemployment fraud during pandemic
NewsNation
(NewsNation) — Fraudsters have stolen as much as $135 billion in federal unemployment aid during the COVID-19 pandemic, a new report by the Government Accountability Office found.
Details >09/13/2023
7 Passwords You Should Never Use at Your Small Business
Small Biz Ahead
Owning a small business means owning data. You’re constantly acquiring new information related to your customers, your financial details, and all the vendors and contractors with whom you work.
Details >09/12/2023
Real-Time Payments Pave Way for Further Adoption of Platform-as-a-Service Models
PYMNTS
Steve Cook, chief technology officer at Form3, said in an interview with PYMNTS that the Platform-as-a-Service model is seeing a tailwind from the rise of instant payments.
Details >09/12/2023
Four Men Convicted of $18M Global Investment Fraud Scheme
Office of Public Affairs U.S. Department of Justice
A federal jury in the Western District of Arkansas convicted four men yesterday for their lead roles in an investment fraud and money laundering conspiracy that cheated victims out of more than $18 million.
Details >09/11/2023
US CFTC official pushes for national financial fraud database
WTVB
NEW YORK (Reuters) – A top U.S. regulator on Monday proposed the creation of a federal registry to make it easier for investors and law enforcement to dig up information on past financial fraud convictions and civil fines.
Details >09/11/2023
Family forced to drive to bank at gunpoint during CT robbery
Hartford Courant
Police are investigating after a family was forced at gunpoint to drive to a bank and withdraw money during a robbery in Danbury on Sunday evening, police said.
Details >09/11/2023
USPS Postal Inspector Reveals How to Prevent Identity Theft
Best Life
We trust the U.S. Postal Service (USPS) with a lot of important things, including letters to loved ones and sensitive financial information.
Details >09/11/2023
Ten telltale signs that someone has stolen your identity
WFIN
How would you feel if someone else pretended to be you online? That’s essentially what identity theft is, and it can happen to any of us.
Details >09/10/2023
Panel: Real-Time Ubiquity and Connectivity Turn Payments Into ‘Satisfaction Tools’
PYMNTS
Real-time payments schemes are proliferating around the globe.
Details >09/10/2023
Italy and Spain Lead European Demand for All-in-One App
PYMNTS
Consumers’ appetites for an all-in-one app are growing, with nearly 4 in 10 European consumers craving a single app to manage their everyday digital activities. PYMNTS’ latest research shows this trend is particularly popular among consumers in Italy and Spain.
Details >09/09/2023
Social Security check scam costs Queens man $25K Nina Pineda Image ByNina Pineda WABC logo Thursday, September 7, 2023 5:57PM
ABC 7
EAST ELMHURST, Queens (WABC) -- Check fraud is back in a big way and getting more sophisticated. The number of fraud cases has nearly doubled year to year, up to nearly 700 annually.
Details >09/07/2023
FBI Identifies Lazarus Group Cyber Actors as Responsible for Theft of $41 Million from Stake.com
FBI
The FBI is issuing this release to warn the public regarding the theft of approximately $41 million in virtual currency from Stake.com, an online casino and betting platform.
Details >09/06/2023
ThetaRay Raises $57 Million for AI-Driven Financial Crime Detection
PYMNTS
Payments firm ThetaRay has raised $57 million to boost its financial crime detection capabilities.
Details >09/06/2023
Experts Fear Crooks are Cracking Keys Stolen in LastPass Breach
Krebs On Security
In November 2022, the password manager service LastPass disclosed a breach in which hackers stole password vaults containing both encrypted and plaintext data for more than 25 million users.
Details >09/06/2023
Death by Paper Cut: The Hidden Costs of Checks
PYMNTS
The way things have always been done could be harming firms in the long run.
Details >09/06/2023
Airlines on Payments Autopilot: How Automation Streamlines the Travel Refund Process
PYMNTS
Air travel is complex. And that complexity trickles down to nearly every customer and airline touchpoint — particularly airline refunds, a process that has become a pressing issue for travelers and airlines.
Details >09/05/2023
Help spot scammers after Hurricane Idalia
FTC
Figuring out the full extent of Hurricane Idalia’s damage could take weeks or even months. But we already know that scammers will follow the path of the storm and try to take advantage of people doing their best to recover. While storms are unpredictable, there are ways to spot the tactics these scammers use — even if they change some of the details — so, read on.
Details >09/05/2023
The Gig Economy: 6 Attack Scenarios to Remember
Security Boulevard
While the primary goal of gig economy platforms is to facilitate connections between users and service providers, threat actors can exploit the platform’s messaging features to conduct SMS toll fraud and plenty of other attacks.
Details >09/05/2023
Companies Want Digital Flexibility but Fort Knox Security, Hazeltree CFO Says
PYMNTS
In the fast-paced world of digital finance, security is a pressing concern.
Details >09/05/2023
Minneapolis Public Schools sending cyber attack notification letters
Fox 9 KMSP
MINNEAPOLIS (FOX 9) - Following a cyber attack and ransom that the district says has affected over 100,000 people, Minneapolis Public Schools (MPS) says it is in the process of notifying individuals of their exposed personal information.
Details >09/05/2023
10 things you should never save on your phone if you want to protect your privacy and security
Ruetir
If you have the habit of saving photos, videos, documents and personal information on your mobile, it is important that you reconsider. Storing this type of information may increase the risk of becoming a victim of fraud or identity theft.
Details >09/05/2023
Beware of 'bank jugging,' California authorities warn: What to know
Fox 11 LA
FONTANA, Calif. - Authorities are warning the public of a rise in "bank jugging" incidents reported across the U.S., including right here in Southern California.
Details >09/05/2023
VIDEO: Bank robber holds up note demanding money at Tampa bank, suspect sought
News Channel 8
TAMPA, Fla. (WFLA) — Tampa Police are searching for a suspect responsible for robbing a Chase Bank located at 2001 North Dale Mabry Highway around 1:48 p.m. Saturday afternoon.
Details >09/05/2023
Consumers Consider Passwordless Logins Key to Overcoming All-in-One App Security Concerns
PYMNTS
Given the proliferation of various apps, many consumers in the United States are eager for a more convenient way to manage their banking and shopping needs all within a single platform.
Details >09/01/2023
Why is US Being Used to Phish So Many of Us?
Krebs on Security
Domain names ending in “.US” — the top-level domain for the United States — are among the most prevalent in phishing scams, new research shows.
Details >08/31/2023
Scammers impersonate bank employees to steal nearly $2M from Pennsylvania customers, officials say
CBS News
A theft ring stole nearly $2 million from bank customers in central Pennsylvania in an elaborate scheme in which the scammers, posing as bank employees, tricked people into giving up their account information, the attorney general's office said Friday.
Details >08/30/2023
Why is check fraud suddenly rampant?
Boston Fed
The check is fading away as a consumer payment method – the number of checks collected by the Federal Reserve annually has plummeted 82% over the last 30 years. So why is check fraud suddenly rampant?
Details >08/30/2023
US Crypto Clampdown Continues as SEC Wins NFT Enforcement
PYMNTS
The year 2023 will forever be remembered as the year the U.S. Securities and Exchange Commission (SEC) went to war with crypto.
Details >08/30/2023
Report: OpenAI Approaches $1 Billion in Yearly Revenue
PYMNTS
OpenAI is reportedly on the road to reaching $1 billion in yearly revenue.
Details >08/30/2023
Companies Want Digital Flexibility but Fort Knox Security, Hazeltree CFO Says
PYMNTS
In the fast-paced world of digital finance, security is a pressing concern.
Details >08/29/2023
Kroll Employee SIM-Swapped for Crypto Investor Data
Krebs on Security
Security consulting giant Kroll disclosed today that a SIM-swapping attack against one of its employees led to the theft of user information for multiple cryptocurrency platforms that are relying on Kroll services in their ongoing bankruptcy proceedings.
Details >08/29/2023
U.S. Hacks QakBot, Quietly Removes Botnet Infections
Krebs on Security
The U.S. government today announced a coordinated crackdown against QakBot, a complex malware family used by multiple cybercrime groups to lay the groundwork for ransomware infections.
Details >08/28/2023
How AI is fueling the fraud surge: Sift report
Fintech Nexus
Sift’s latest Digital Trust and Safety Index describes how artificial intelligence (AI) is fuelling a fraud surge that will challenge retailers and financial institutions. It’s behind a more-than-fourfold increase in the account hacking attempt rate in the first quarter of 2023 compared to all of 2022.
Details >08/28/2023
How PayPal is using AI to combat fraud, and make it easier to pay
ABC News
Artificial intelligence has been the buzzword of 2023 ever since ChatGPT made its public debut earlier this year, with businesses, schools, universities and even non-profits looking for ways to integrate AI in their operations
Details >08/28/2023
IRS lost millions of taxpayer records that could be used for identity theft
The Neighbor
(The Center Square) – The Internal Revenue Service lost millions of taxpayer records and federal employees don’t know where they have gone.
Details >08/28/2023
SYNTHETIC FRAUD EXPECTED TO RISE SIGNIFICANTLY IN 2023-24: CAUSES AND CONCERNS
Finance Feds
The digital age has brought immense convenience. With a few taps on our phones, we can purchase goods, transfer money, and access services. But where there are transactions, there are also those looking to game the system. As a result, digital fraud has exploded as more of our financial lives move online.
Details >08/28/2023
All Montana property tax rebates will be sent by paper check
Tri-State Livestock News
HELENA – Starting August 24, all Montana property tax rebates will be sent by paper check in the mail.
Details >08/28/2023
30% of Consumers Swap Instant for Slower Payments to Avoid Fees
PYMNTS
Buoyed by growing consumer preference for faster payments, instant disbursements have gained popularity in recent years. The recent launch of the FedNow instant payments system has further underscoring that demand.
Details >08/28/2023
Kroll Suffers Data Breach: Employee Falls Victim to SIM Swapping Attack
The Hacker News
Risk and financial advisory solutions provider Kroll on Friday disclosed that one of its employees fell victim to a "highly sophisticated" SIM swapping attack.
Details >08/28/2023
Montana warns of scams targeting property tax rebates
Bozeman Daily Chronicle
The state is warning people that scammers are seeking to capitalize on the property tax rebate application process and said it will now issue all rebates by a paper check sent through the mail to combat fraud.
Details >08/25/2023
Great Falls postal worker pleads guilty to stealing mail, wire fraud
Great Falls Tribune
A Great Falls postal service driver pleaded guilty last week to federal charges of possessing stolen mail and wire fraud after depositing checks she overwrote with her name.
Details >08/25/2023
Consumers Want FIs to Deliver Real-Time Financial Data
PYMNTS
Serena Smith, chief client officer at i2c, told PYMNTS in a recent interview that although digital innovations in banking have come a long way in just a few short years, “There’s still a long way to go.”
Details >08/25/2023
Companies and Regulators Scramble to Counter the Threat of AI Deception
PYMNTS
How do we decide whether a human, artificial intelligence (AI) or a combination of the two created a piece of text? Some studies find that more than half of individuals cannot accurately identify content made by AI chatbots such as ChatGPT.
Details >08/24/2023
MN STATE FAIR: Senior Fraud Prevention Program
State of MN
Are you going to the MN State Fair on Senior Day?
Details >08/23/2023
FinCEN Notice Highlights Concerning Increase in Payroll Tax Evasion, Workers’ Compensation Fraud in the Construction Sector
FinCEN
WASHINGTON— Today, the Financial Crimes Enforcement Network (FinCEN), in coordination with IRS Criminal Investigation (CI), issued a Notice to financial institutions calling attention to a concerning increase in state and federal payroll tax evasion and workers’ compensation insurance fraud in the U.S. residential and commercial real estate construction industries.
Details >08/23/2023
Cyber Attacks on Financial Institutions | Why Banks Are Caught in the Crosshairs
SentinelOne
In recent years, there has been a significant uptick in the frequency and sophistication of attacks on the financial and banking industry.
Details >08/23/2023
Common Jobs Scams and How to Avoid Them
Money
The Better Business Bureau reported recently that it’s seen employment scams “skyrocket,” with a growing number of victims losing money and sometimes facing legal issues as a result of the increasingly common fraud scheme.
Details >08/23/2023
The Modern Fraud Dilemma: It’s Good AI Against Bad AI
PYMNTS
Generative artificial intelligence (AI) is making everything easier, including scams.
Details >08/23/2023
FedNow Is Live but Banks Face Integration Decisions
PYMNTS
For banks eyeing what they must do to get on board the FedNow Service to meet customers’ expectations for faster payments and integrate with the first new payments rails in the United States in four decades — the challenges are numerous.
Details >08/23/2023
FBI Identifies Cryptocurrency Funds Stolen by DPRK
FBI
The FBI is warning cryptocurrency companies of recent blockchain activity connected to the theft of hundreds of millions of dollars in cryptocurrency.
Details >08/22/2023
Tourists Give Themselves Away by Looking Up. So Do Most Network Intruders.
Krebs on Security
In large metropolitan areas, tourists are often easy to spot because they’re far more inclined than locals to gaze upward at the surrounding skyscrapers.
Details >08/22/2023
PADUCAH — The McCracken County Sheriff’s Office wants to warn the public of a scam claiming you’ve won the lottery.
WPSD Local 6
PADUCAH — The McCracken County Sheriff’s Office wants to warn the public of a scam claiming you’ve won the lottery.
Details >08/22/2023
Christopher Grannis threatened to shoot officers, K9 during bank robbery, police say
Mass Live
Police were able to successfully arrest a 35-year-old Worcester bank robber after he threatened to shoot officers and a K9 on Friday, Aug. 18, the Worcester Police Department reported.
Details >08/22/2023
Feds warn banks to look out for construction fraud
Construction Dive
A notice to financial institutions highlighted how bad actors use shell companies to commit workers’ compensation and payroll fraud.
Details >08/22/2023
Nearly 60% of Consumers View Mobile Phones and Laptops as Equally Secure for Payments
PYMNTS
Despite the growing perception that smartphones provide more security online, most banking consumers said they think smartphones and computers are equally secure for several select online financial activities.
Details >08/21/2023
If you paid a scammer with a gift card, is your money gone? Maybe not
FTC
Did someone tell you to buy a gift card and give them the numbers? That’s a scam.
Details >08/20/2023
South Dakota man accused of trying to cash forged checks in SE Minnesota
KIMT
ROCHESTER, Minn. – A man accused of passing forged checks in two SE Minnesota counties is now set to stand trial in one of them.
Details >08/20/2023
Consumers Like Biometrics More Than Passwords
PYMNTS
Consumers may be stuck using the outmoded authentication system, but most prefer more sophisticated methods.
Details >08/20/2023
Americans Think Stashing Their Money at Home Is Safer Than Most Bank Accounts, Survey Finds
Yahoo Finance
According to a recent survey by GOBankingRates, nearly 25% of Americans think their money is safer at home than most other places. And that’s understandable.
Details >08/20/2023
Scammers targeting older Black women who were in sororities, police say
The Washington Post
An older woman was sitting in her van at a Home Depot parking lot when a man and a woman approached, according to court records. They told her they found a pocketbook full of cash and would split it with her — but first they needed to verify that the money was “legit.”
Details >08/20/2023
Scammers targeting older Black women who were in sororities, police say
The Washington Post
An older woman was sitting in her van at a Home Depot parking lot when a man and a woman approached, according to court records. They told her they found a pocketbook full of cash and would split it with her — but first they needed to verify that the money was “legit.”
Details >08/18/2023
Did you get a letter from a “lawyer” about cashing in on someone else’s life insurance policy?
FTC
You can’t cash in on a stranger’s life insurance policy — even if a lawyer says you can.
Details >08/18/2023
LinkedIn under attack, malicious hackers seize accounts
FORTRA
Security researchers have identified that a widespread LinkedIn malicious hacking campaign has seen many users locked out of their accounts worldwide.
Details >08/18/2023
Karma Catches Up to Global Phishing Service 16Shop
Krebs on Security
You’ve probably never heard of “16Shop,” but there’s a good chance someone using it has tried to phish you.
Details >08/18/2023
Missouri System Hit by MOVEIt Cyber Attack
Inside Higher Ed
The University of Missouri System is the latest institution battered in the MOVEit cybersecurity breach sweeping the nation.
Details >08/18/2023
Great Falls woman admits possessing stolen mail, wire fraud crimes
US Attorney's Office District of Montana
GREAT FALLS — A Great Falls woman who transported mail admitted today to possessing stolen mail and wire fraud charges after depositing checks she had overwritten with her name, U.S. Attorney Jesse Laslovich said.
Details >08/18/2023
FBI searching for 3 men who robbed armored car at gunpoint in Lansing
ABC 7 Chicago
LANSING, Ill. (WLS) -- The FBI is searching for three suspects behind an armored vehicle robbery in the south suburbs Wednesday.
Details >08/18/2023
BANK ACCIDENTALLY LETS PEOPLE WITHDRAW MONEY FROM ATMS EVEN IF THEY DON’T HAVE ANY
The BYTE - Futurism
For a wild few hours on Tuesday evening, a bizarre Bank of Ireland glitch allowed customers to withdraw up to 1,000 euros, or roughly $1,090 in US dollars, from their bank accounts, The New York Times reports — even if their accounts didn't have that much cash to begin with — without their account balances changing.
Details >08/17/2023
Massive LinkedIn hack reported
SC Media
BleepingComputer reports that LinkedIn has been subjected to a widespread hacking campaign, with several users reporting account hijacking and lockouts while Google search volumes concerning the LinkedIn account hacks or recovery rose by 5,000% during the last few months.
Details >08/17/2023
Minn. woman defrauds 25 victims, 26 banks of $460K in 7 Midwest states
Duluth News Tribune
Federal prosecutors say the woman used fake military IDs and fraudulent passports to obtain loans and lines of credit at credit unions in the Dakotas, Minnesota and five other states.
Details >08/17/2023
Cross-Border Payment Solutions Give Big Lift to Small Business Growth Plans
PYMNTS
Small- to medium-sized enterprises (SMEs) help economies across the world go ’round.
Details >08/17/2023
More Than 500 Scam Tokens Detected on Coinbase's Base Blockchain
PYMNTS
More than 500 scam tokens have reportedly been deployed by developers on Base, the new blockchain launched by crypto exchange Coinbase.
Details >08/16/2023
UBS to Pay $1.4 Billion to Settle Financial-Crisis Fraud Case
The New York Times
The settlement closes the chapter on the last investigation by a Justice Department task force on the role financial firms played in the collapse of the housing market in 2008.
Details >08/16/2023
Juniper Payments: FedNow Can Spur Credit Unions to ‘Reimagine’ Financial Services
PYMNTS
Only a few weeks after launching in July, the FedNow Service promises to help transform payments, commerce and banking.
Details >08/16/2023
Banks fined $549 million for hiding messages in iMessage and Signal
The Verge
Several US financial firms, including multiple Wells Fargo companies, will pay a combined $549 million in fines after admitting they couldn’t produce discussions about company business from smartphone messaging apps used by their employees, “including those at senior levels.”
Details >08/15/2023
Diligere, Equity-Invest Are New Firms of U.K. Con Man
Krebs on Security
John Clifton Davies, a convicted fraudster estimated to have bilked dozens of technology startups out of more than $30 million through phony investment schemes, has a brand new pair of scam companies that are busy dashing startup dreams: A fake investment firm called Equity-Invest[.]ch, and Diligere[.]co.uk, a scam due diligence company that Equity-Invest insists all investment partners use.
Details >08/15/2023
Connecticut school district lost more than $6 million in cyber attack, so far gotten about half back
New Britian Herald
NEW HAVEN — The city of New Haven lost more than $6 million in multiple cyberattacks on its public school district earlier this summer and has so far managed to recoup about half of the money, officials announced Thursday.
Details >08/14/2023
Do you use payment apps like Venmo, CashApp, or Zelle? Read this
FTC
Ever send money through an app like Venmo, CashApp, or Zelle? They make it easy to send money fast to friends or family. But what happens when it’s a scammer on the other end?
Details >08/14/2023
Consumers Like Biometrics More Than Passwords
PYMNTS
Consumers may be stuck using the outmoded authentication system, but most prefer more sophisticated methods.
Details >08/13/2023
Cyber Attacks Becoming More Sophisticated with the Help of AI
Fagen Wasanni Technologies
Cyber attacks are on the rise and becoming increasingly sophisticated worldwide. Hackers are now utilizing artificial intelligence (AI) to manipulate computer systems for malicious purposes. Johann Rehberger, a security researcher, recently demonstrated how he was able to exploit OpenAI’s chatbot, ChatGPT, to carry out nefarious activities.
Details >08/10/2023
Did You Just Try to Login? Why Account Takeover Is Still on the Rise
Security Boulevard
Walking through the exhibit hall this week at Black Hat USA 2023, the number of solutions for “Next Generation Threats” and “AI-Powered Adversaries” might reasonably lead you to believe that this is where a majority of cyber risk lies.
Details >08/10/2023
FBI warns students of fake jobs on college employment websites
WSAV.com
ATLANTA (WSAV) — The FBI is warning students of a scam with fake job offers on college employment websites and college email accounts recruiting for positions that don’t exist.
Details >08/10/2023
Old-fashioned check fraud is back, this time with violent attacks on mail carriers
Bobsullivan.net
Everything old is new again. There was a time when my parents taught me to be extremely careful with personal checks — never to leave open space in the amount fields, lest someone add a zero, for example.
Details >08/09/2023
Scammers impersonate well-known companies, recruit for fake jobs on LinkedIn and other job platforms
FTC
Scammers are lurking on LinkedIn and other job sites, posing as “recruiters” for well-known companies. But instead of looking to hire you, they’re really looking to take your money and personal information.
Details >08/09/2023
Meet the Brains Behind the Malware-Friendly AI Chat Service ‘WormGPT’
Krebs On Security
WormGPT, a private new chatbot service advertised as a way to use Artificial Intelligence (AI) to write malicious software without all the pesky prohibitions on such activity enforced by the likes of ChatGPT and Google Bard, has started adding restrictions of its own on how the service can be used.
Details >08/09/2023
Attempted bank robbery, Milwaukee police seek man
Fox 6 Milwaukee
MILWAUKEE - Milwaukee police are looking for a man suspected of trying to rob a bank on the city's south side last month.
Details >08/09/2023
Microsoft Patch Tuesday, August 2023 Edition
Krebs On Security
Microsoft Corp. today issued software updates to plug more than 70 security holes in its Windows operating systems and related products, including multiple zero-day vulnerabilities currently being exploited in the wild.
Details >08/08/2023
Ransomware victim numbers surge as attackers target zero-day vulnerabilities
CSO Online
Ransomware groups are also prioritizing the exfiltration of files, which has become the primary source of extortion.
Details >08/07/2023
Heartland Tri-State Bank Closed Just "Because of a Scam"
The Deep Dive
Kansas State Bank Commissioner, David Herndon, expressed apparent relief as he disclosed the closure of Heartland Tri-State Bank due to a scam they fell victim to.
Details >08/07/2023
Russian Hacktivists Overwhelm Spanish Sites With DDoS
Infosecurity Magazine
A leading Spanish research institute has become the latest organization in the country to come under cyber-attack from Russia, after a weeks-long DDoS campaign that appears to be geopolitically motivated.
Details >08/07/2023
Thieves fail to steal ATM with forklift in California: VIDEO
ABC 7 News
NORTH HIGHLANDS, Calif. -- Would-be thieves in California drove away empty-handed after an embarrassing fail.
Details >08/07/2023
Milwaukee bank robbery, 56th and Capitol, 2 men charged
Fox 6 Milwaukee
MILWAUKEE - Two Milwaukee men have been criminally charged in connection to a bank robbery that occurred Monday, July 31 at the US Bank near 56th and Capitol.
Details >08/07/2023
Man gets 22 years for bank robberies in three states
WSPA
CHARLOTTE, N.C. (WSPA) – A Georgia man was sentenced on Monday to 22 years in prison for a string of armed robberies he committed in North Carolina, Tennessee and Georgia.
Details >08/06/2023
Understanding the Security Features of Wearable Payment Devices
Fagen Wasanni Technologies
Understanding the security features of wearable payment devices is crucial in today’s digital age. As technology continues to evolve, so does the way we conduct transactions.
Details >08/06/2023
Healthcare facilities see uptick in cyber-attacks
ABC KSTP-TV
Hospitals are now fighting more than disease.
Details >08/06/2023
Suspected bank robber worked as a bank security guard and served 42 years in prison for murder
9 News
Investigators arrested Flozell Beasley, 70, for robbing four banks and a taco shop. Records show Beasley was paroled from prison for murder in 2018.
Details >08/04/2023
Armour bookkeeper charged with grand theft, forgery for alleged check fraud in excess of $100,000
Mitchell Republic
ARMOUR, S.D. — A state investigation alleges that a former bookkeeper at Bob’s Farm Service wrote counterfeit checks to herself that far exceeded her salary, totaling more than $100,000 in losses.
Details >08/04/2023
More Than $1.7 Million Stolen From ATMs at Alabama Credit Unions
CU Times
Alabama federal prosecutors alleged six persons conspired to use ATM skimming devices and covert video cameras to steal funds from members of the $1.3 billion Listerhill Credit Union in Muscle Shoals and the $1.3 billion Avadian Credit Union in Hoover.
Details >08/04/2023
California Target implements controversial 'chaperone policy' for teens after 4 p.m.
Fox 11 News
BAKERSFIELD, Calif. (KBAK/KBFX) — A new store policy at a Target in California is not sitting well with parents.
Details >08/04/2023
Why Regulating AI Is Like Regulating Air or Water, Says UPenn Professor
PYMNTS
Those nations shepherding to market modern technical innovations have so far prioritized innovation over regulation.
Details >08/04/2023
Teach a Man to Phish and He’s Set for Life
Krebs on Security
One frustrating aspect of email phishing is the frequency with which scammers fall back on tried-and-true methods that really have no business working these days. Like attaching a phishing email to a traditional, clean email message, or leveraging link redirects on LinkedIn, or abusing an encoding method that makes it easy to disguise booby-trapped Microsoft Windows files as relatively harmless documents.
Details >08/03/2023
Scam Warning – Phone Calls Re: Fraudulent Bank Charges
Larchmont Buzz
Every now and then we like to pass along a warning about a scam we’ve run across recently – especially those that are particularly convincing or easy to fall for. And yesterday I personally experienced a good one.
Details >08/03/2023
Reward offered for ‘Bundled Bandits' bank robbery crew
FBI
The FBI has offered a reward in connection to a series of bank robberies undertaken by a group of suspects that have become known as the “Bundled Bandits.”
Details >08/03/2023
How Malicious Android Apps Slip Into Disguise
Krebs on Security
Researchers say mobile malware purveyors have been abusing a bug in the Google Android platform that lets them sneak malicious code into mobile apps and evade security scanning tools. Google says it has updated its app malware detection mechanisms in response to the new research.
Details >08/03/2023
Payments Tech Helps Online Sellers Go Global, Play Like Locals
PYMNTS
The digital, connected economy knows no borders.
Details >08/03/2023
To Expand Credit Access to Small Businesses, Banks Must Tap Alternative Data
PYMNTS
Chris Hendrickson, senior vice president of small business strategy at Comerica, and Scott Steinberg, chief product officer and chief operating officer of Enigma, said a multidimensional underwriting process is needed to give a critical lifeline to companies seeking to navigate an uncertain macro environment — and to grow.
Details >08/02/2023
Rising threat: Ransomware targeting schools becoming a serious problem
Kim Komado
You’re target No. 1 for hackers. Get this: 80% of schools suffered ransomware attacks last year. That number is only growing.
Details >08/02/2023
Danville woman sentenced for identity theft, robbery
WCIA
DANVILLE, Ill. (WCIA) — A woman from Danville has been sentenced to 12 years in prison after she recently pleaded guilty to robbery and identity theft charges.
Details >08/02/2023
FBI offers $20K reward for information about 'bundled bandits' targeting BMO Harris banks
ABC 7 Eyewitness News
CHICAGO (WLS) -- The FBI is searching for two suspected bank robbers who investigators are calling the "bundled bandits."
Details >08/02/2023
Social Media Security Awareness: What you Should Know
FORTRA
The latest Verizon Data Breach Investigations report indicates that over 70% of data breaches involved the human element.
Details >08/02/2023
Real-Time Payments Taking Hold From South Africa to Sweden
PYMNTS
The real-time payments landscape is constantly changing. Growth in adoption and transaction volume has been measured across the continents. With the U.S. Federal Reserve’s launch of FedNow, this change seems likely to be a constant.
Details >08/01/2023
Milwaukee bank robbery near 56th and Capitol, 2 men in custody
Fox 6 Now
MILWAUKEE - Milwaukee police arrested two men who robbed a bank near 56th and Capitol on Monday, July 31.
Details >08/01/2023
With Check Fraud on the Rise, Financial Institutions Must Implement More Effective Solutions
Payments Journal
With the rise of digital banking and online payments, the use of checks has undergone a massive shift. In 2021, the Federal Reserve processed 14.5 million checks per day, a dramatic drop from the daily 26.7 million daily it processed 10 years earlier.
Details >08/01/2023
Case against suspected bank robber thrown out
Fox 11 News
GREEN BAY (WLUK) -- A court commissioner threw out a case against a bank robbery suspect Monday.
Details >08/01/2023
Operation Cross Country XIII Leads to Identification/Location of Adolescent Victims
FBI
The FBI, working with its state and local partners, identified and located 200 victims of sex trafficking during a nationwide enforcement campaign, called "Operation Cross Country." The operation also led to identification or arrest of 126 suspects of child sexual exploitation and human trafficking offenses and 68 suspects of trafficking were identified or arrested.
Details >08/01/2023
Real-Time Payments Taking Hold From South Africa to Sweden
PYMNTS
The real-time payments landscape is constantly changing. Growth in adoption and transaction volume has been measured across the continents. With the U.S. Federal Reserve’s launch of FedNow, this change seems likely to be a constant.
Details >07/31/2023
IRS, Security Summit partners warn taxpayers of new scam; unusual delivery service mailing tries to trick people into sending photos, bank account information
IRS
WASHINGTON ― The Internal Revenue Service warned taxpayers today to be on the lookout for a new scam mailing that tries to mislead people into believing they are owed a refund.
Details >07/31/2023
FTC chair says AI could "turbocharge" fraud, be used to "squash competition"
Yahoo News
Federal Trade Commission Chair Lina Khan is leading the Biden administration's charge against massive tech companies allegedly looking to gobble up the competition.
Details >07/30/2023
University of Hawaii makes payout to cyber criminals
KHON 2
HONOLULU (KHON2) — The University of Hawaii negotiated with cyber criminals for the first time to resolve a ransomware attack on Hawaii Community College.
Details >07/30/2023
Bank robbery suspect foiled after falling from roof into recycling bin
Yahoo News
An Ohio man was caught on bodycam footage trying to rob a bank, police said.
Details >07/27/2023
Americans think fraud has reached crisis level, report finds
WYMT
Often, fraudsters will use the psychological trick of inciting fear, panic, or joy to lower victims’ guards
Details >07/27/2023
Mastercard's Cease-and-Desist Letters Halt Cannabis Debit Card Transactions
PYMNTS
Mastercard has told payment processors and banks to stop allowing marijuana transactions on its debit cards.
Details >07/27/2023
The Ripple Effect: What Proposed US Crypto Legislation Looks Like
PYMNTS
The U.S. crypto crackdown started at the top, but the sector’s fractures were bottom-up.
Details >Alerts
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Alerts
The FRPA alert system distinguishes us from other groups by gathering and providing information to law enforcement, retailers AND financial institutions.
more information![Resources](https://associationdatabase.com/aws/FRPA/am/gi/box_icon_resources.png?ver=2)
Resources
Your electronic library to help in fighting financial fraud for all of our partners.
more information