Latest News

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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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11/19/2023

Identity Theft Statistics

WalletHub

Identity theft is when someone steals and uses your personal information, usually to benefit financially.

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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.

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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.

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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.

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11/15/2023

Biometric Authentication Tailor-Made for a Digital-First World

PYMNTS

The realm of payments authentication is undergoing a shift.

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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.

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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.

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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

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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

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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.

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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.

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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

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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).

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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?

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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?

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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.

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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.

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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.

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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.

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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.

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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.

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10/09/2023

Lawmakers Raise Concerns Over Social Media’s Deepfake Problem

PYMNTS

Generative artificial intelligence (AI) can digitally create nearly everything and anything.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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).

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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).

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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

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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.

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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.

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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.

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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.

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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.

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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.

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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

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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?

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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09/10/2023

Panel: Real-Time Ubiquity and Connectivity Turn Payments Into ‘Satisfaction Tools’

PYMNTS

Real-time payments schemes are proliferating around the globe.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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?

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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.

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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.

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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.

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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.

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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.

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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.

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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

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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.

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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.

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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.

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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.

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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.

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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.

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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.”

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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.

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08/24/2023

MN STATE FAIR: Senior Fraud Prevention Program

State of MN

Are you going to the MN State Fair on Senior Day?

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.”

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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.”

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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?

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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08/06/2023

Healthcare facilities see uptick in cyber-attacks

ABC KSTP-TV

Hospitals are now fighting more than disease.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.”

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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.

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08/03/2023

Payments Tech Helps Online Sellers Go Global, Play Like Locals

PYMNTS

The digital, connected economy knows no borders.

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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.

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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.

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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.

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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."

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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

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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.

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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.

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07/25/2023

Legislation preventing data broker sales to government agencies moves forward

Cyberscoop

The House Judiciary Committee on Wednesday advanced legislation closing loopholes that allow data brokers to sell consumer data to law enforcement and federal agencies.

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07/25/2023

Notorious Russian cyber criminals hack Australian accounting firm PwC

news.com.au

Accounting firm PwC has been under siege the past few weeks over a tax scandal and it’s just been dealt another blow as Russian hackers have obtained sensitive data.

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07/25/2023

How One Banker Sees the FedNow and RTP® Faster Payments Landscape Evolving

PYMNTS

The flagship real-time payment system in the U.S., The Clearing House’s RTP® network, reaches 65% of all demand deposit accounts in the country, according to The Clearing House, and any depository institution can connect to the RTP network through more than 20 technology providers.

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07/25/2023

Who and What is Behind the Malware Proxy Service SocksEscort?

Krebs On Security

Researchers this month uncovered a two-year-old Linux-based remote access trojan dubbed AVrecon that enslaves Internet routers into botnet that bilks online advertisers and performs password-spraying attacks.

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07/23/2023

Few Fortune 100 Firms List Security Pros in Their Executive Ranks

Krebs On Security

Many things have changed since 2018, such as the names of the companies in the Fortune 100 list. But one aspect of that vaunted list that hasn’t shifted much since is that very few of these companies list any security professionals within their top executive ranks.

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07/23/2023

FedNow’s Future and What the Triple Clock Theory Says About It

PYMNTS

Four days from today, the Federal Reserve’s instant account-to-account payments rail will go live. FedNow’s launch on July 20 will bring the number of real-time rails in the U.S. to two. The first real-time rail to go live was RTP®, operated by The Clearing House, in 2017.

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07/23/2023

WHAT ARE COMMAND AND CONTROL (C&C) ATTACKS?

Crowdstrike

C&C (also known as C2) is a method that cybercriminals use to communicate with compromised devices within a target company’s network.

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07/23/2023

Johns Hopkins sued over May cybersecurity attack

Baltimore ABC 2

BALTIMORE — Johns Hopkins University and Health System is being sued over a cybersecurity attack in May that affected their networks.

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07/23/2023

Bank robber still on the loose after stealing cash from Chase branch in Titusville

Florida Today

TITUSVILLE — A man robbed a Chase Bank branch Friday afternoon in Titusville and was still at large Sunday morning, police said.

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07/21/2023

Meta’s Threads app used as a lure

Help Net Security

It was to be expected: As the buzz around Meta’s new microblogging platform Threads gained momentum, some individuals have stepped in to take advantage of the fact that the app still can’t formally serve users in the European Union (or China, or Russia).

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07/21/2023

Ransomware Crypto Payments Poised to Set New Record in 2023

Bank Info Security

Cryptocurrency is the lifeblood of ransomware gangs, and their illicit use of crypto could hit record numbers this year. While overall crypto proceeds, including from crimes such as scams, fell dramatically over the past year, ransomware funds are expected to hit $899 million in 2023.

Details >
07/21/2023

What bankers need to know about FedNow

American Banker

The launch of FedNow, the Federal Reserve's instant-settlement system, raises many questions for banks, card networks and fintechs.

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07/20/2023

Is it a legitimate investment opportunity or a scam?

FTC

When you hear about a can’t-miss investment opportunity your first reaction might be to jump right in. Don’t. But how do you tell the difference between a legitimate investment — and a scam?

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07/20/2023

Joining forces to help stop scam calls

FTC

Nobody likes getting bombarded with robocalls. Not only are they annoying, but they’re often pushing scams for things like fake auto warranties and credit card debt relief programs. The FTC and law enforcement agencies from all 50 states are taking action to stop them. And you can help, too.

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07/19/2023

Attention shoppers: Credit card skimmers found at Walmart checkout lines in Northeast

WCVB 5 Boston

BOSTON — Law enforcement officials are warning shoppers to pay close attention to the payment terminal the next time they are in a checkout line.

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07/19/2023

ERO Boston removes fugitive wanted for passport fraud, theft in Ireland

U.S. Immigration and Customs Enforcement

BOSTON — Enforcement and Removal Operations (ERO) Boston removed an unlawfully present Irish citizen identified as a member of a transnational criminal organization who is wanted for passport fraud, theft and multiple motor vehicle offenses in the Republic of Ireland on July 13.

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07/19/2023

AI Tool WormGPT Enables Convincing Fake Emails For BEC Attacks

Infosecurity Magazine

A generative AI tool, WormGPT, has emerged as a powerful weapon in the hands of cyber-criminals, specifically for launching business email compromise (BEC) attacks, according to new findings shared by security firm SlashNext.

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07/19/2023

Microsoft: US Government Email Accounts Compromised by Chinese Hackers via Stolen Login Key

CPO Magazine

The United States and Microsoft are implicating China’s state-backed hacking teams in penetrating US government email accounts, in a campaign that reportedly began in mid-May.

Details >
07/19/2023

New Footage, details released in Chicago bank robbery that was "similar to a movie"

Fox 32 Chicago

CHICAGO - A pair of blue shoes could be the clues to help solve a Chicago bank robbery.

Details >
07/19/2023

Study Finds Most FinTechs Don’t Meet Consumers’ Instant Payments Expectations

PYMNTS

The consumers powering today’s economy are increasingly digital-first, meaning money mobility is a top requirement for any financial services provider — especially FinTechs set on winning consumers away from traditional banks.

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07/19/2023

Organized retail crime goes beyond store shoplifting

NRF

We’ve all seen news footage of brazen retail crimes — groups of individuals filling their arms or bags with merchandise that’s then sold to a “fence” for resale or online to an unwary consumer. Store-based stealing might be the most visible element of organized retail crime, but it’s not the only form of ORC impacting the retail ecosystem.

Details >
07/19/2023

Massachusetts man accused of zip-tying people, placing ‘bomb’ on counter during armed bank robbery

Fox News

A man from Martha’s Vineyard is accused of zip-tying individuals and placing a "purported bomb" on the counter during an armed bank robbery in April.

Details >
07/19/2023

Open Banking Can Help Banks Beat Fraudsters, GIACT Says

PYMNTS

Caitlin Sinclair, director of proposition development, financial crime at GIACT, an LSEG business, recently told PYMNTS that open banking can — and will — give rise to empowered consumers, and take the tedium out of online commerce.

Details >
07/18/2023

Beware of AI-generated phising attacks; they are so real!

HT Tech

With AI technology growing each day and new automated software being developed,

Details >
07/18/2023

FBI: Texas, Rest of U.S. Experiencing More Cyber Attacks

Government Technology

A series of cyber attacks across Texas are part of a growing statewide and national trend of increasingly sophisticated groups working through computers to steal money and information, according to officials in the FBI.

Details >
07/18/2023

3 banks robbed by 'Sticky Note Bandit' dressed as woman, FBI says

ABC News

A man dressed as a woman walked into three Texas banks this month and handed tellers sticky notes with "threatening" messages demanding cash, earning him the nickname "Sticky Note Bandit," the FBI said.

Details >
07/18/2023

Sezzle CEO Sees Banks Ramping Up FinTech Acquisitions in 2024 and Beyond

PYMNTS

As 2023 winds into its final few months and 2024 dawns, banks may be on the prowl for acquisitions.

Details >
07/17/2023

Cryptocurrency deposits with no returns

FTC

How much do you know about cryptocurrency?

Details >
07/17/2023

Eight steps organizations can take after news of a state-sponsored cyberattack

SC Media

Microsoft announced Tuesday that they mitigated an attack by a China-based threat actor that targeted cloud-based customer emails in Microsoft 365 at about 25 organizations.

Details >
07/17/2023

Financial Friday: How to protect your kids from identity theft

WAFF 48

HUNTSVILLE, Ala. (WAFF) - Identity fraud is nothing new, but child identity fraud is still happening at an alarming rate. A study done by Javelin Strategy and Research shows a slight decline from 2021 to 2022.

Details >
07/17/2023

Founder of failed crypto lending platform Celsius Network arrested on fraud charges

Fox Business

The founder and former CEO of the failed cryptocurrency lending platform Celsius Network was arrested Thursday on federal fraud charges alleging that he schemed to defraud customers by misleading them about key aspects of the business.

Details >
07/17/2023

Bank robbery in downtown Miami briefly turns into a hostage situation, police say

Yahoo News

Miami police officers responding to reports of a bank robbery briefly had a hostage situation on their hands Friday afternoon, the department said.

Details >
07/17/2023

FCC Funding for Cybersecurity, New AI Company, FCC Proposal on Cell Phone Scams

Broad Band Breakfast

July 13, 2023 – The head of the Federal Communications Commission put out Wednesday a proposal to launch a pilot program to protect schools against cyber attacks.

Details >
07/17/2023

Woodbury man charged with multiple counts of tax fraud in connection to Cottage Grove businesses

Pioneer Press

A Woodbury businessman was charged with 13 felony tax crimes in relation to a landscaping business he owns and a haunted house business he operates, both located in Cottage Grove.

Details >
07/17/2023

Another man charged in downtown Minneapolis cell phone theft ring

Bring Me The News

A Minneapolis man is the latest person to be charged in a "cell phone theft ring" that has been plaguing the downtown night-life scene since last year.

Details >
07/17/2023

8 Pros and Cons of a Single Digital ID System

Make Use Of

Having one unifying digital ID could help streamline online activities and help inclusion. Or it could have the exact opposite effect.

Details >
07/17/2023

15 CNY Walmart stores hit by multistate skimming scheme

Inform NY

SYRACUSE, N.Y. (WSYR-TV) — After days of collecting information from multiple police departments, NewsChannel 9 has found a total of 15 Walmart stores were targeted as part of an interstate and four-day skimming scheme.

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07/17/2023

The best way to protect your information from scammers? Recognize a phishing scam

FTC

Scammers know how valuable your personal and financial information is — and they’ll do or say almost anything to get it. What can you do to keep it safe?

Details >
07/17/2023

Computer System Security Requirements for IRS 1075: What You Need to Know

FORTRA

Any organization or agency that receives federal tax information (FTI) is now required to prove that their data protection policies meet IRS 1075 compliance standards. That means federal, state, county and local entities – as well as the contractors they employ – all fall within this scope.

Details >
07/14/2023

SEO Expert Hired and Fired By Ashley Madison Turned on Company, Promising Revenge

Krebs on Security

It was around 9 p.m. on Sunday, July 19, when I received a message through the contact form on KrebsOnSecurity.com that the marital infidelity website AshleyMadison.com had been hacked.

Details >
07/14/2023

20% of malware attacks bypass antivirus protection

Help Net Security

Security leaders are concerned about attacks that leverage malware-exfiltrated authentication data, with 53% expressing extreme concern and less than 1% admitting they weren’t concerned at all, according to SpyCloud.

Details >
07/14/2023

FedNow: Instant Payments or Instant Fraud

Fintech Nexus

July has come full of expectations. The long-awaited FedNow is (apparently) on the brink of launch. Despite The ClearingHouse launching its own Real-Time Payments (RTP) Network in 2017, there is a sense that FedNow will be different.

Details >
07/14/2023

Armored car guard shot, Milwaukee bank robbed again

Milwaukee Fox 6

MILWAUKEE - A 55-year-old armored car guard was shot Thursday, July 13, near 79th and Capitol in Milwaukee during a robbery.

Details >
07/14/2023

Consumers Have Ditched Cash and Paper Checks – Why Haven’t CFOs?

PYMNTS

In today’s hostile macroclimate, every competitive edge counts for businesses looking to navigate ongoing headwinds.

Details >
07/14/2023

K.C. Chiefs ‘superfan’ accused of string of bank stick-ups in U.S., including two in Twin Cities

Pioneer Press

A diehard Kansas City Chiefs fan known on social media and at games as “ChiefsAholic” is accused of robbing six banks across the central U.S. last year, and trying to rob ones in Apple Valley and Savage on the same day.

Details >
07/14/2023

Cryptocurrency deposits with no returns

FTC

How much do you know about cryptocurrency? If your answer is “not much,” that’s exactly what crypto scammers want to hear. And that’s exactly who one cryptocurrency company targeted with its false and misleading claims, according to a lawsuit filed by the FTC.

Details >
07/12/2023

Culture, ethics audits can prevent malfeasance: study

CFO Dive

Companies are failing to prioritize assessments of their work culture and missing an opportunity to ward off corporate wrongdoing that can occur when values are mismatched, a recent study by AuditBoard found.

Details >
07/12/2023

Flaw in Revolut payment systems exploited to steal $20 million

Help Net Security

Organized criminal groups exploited a flaw in Revolut’s payment systems and made off with $20+ million of the company’s money, the Financial Times reported on Sunday, citing people with knowledge of the situation.

Details >
07/12/2023

How Are Higher Ed Cyber Attacks Evolving?

Government Technology

Despite efforts to combat ransomware attacks on higher ed institutions, the education sector remains one of the most targeted industries as more vulnerabilities and data incentivize hackers.

Details >
07/12/2023

BofA to Pay $250M Over Extra Fees, Unauthorized Cards

Wealth Management

(Bloomberg) -- Bank of America Corp. agreed to pay $150 million in fines and $100 million to customers for improperly charging extra fees, withholding rewards and opening unauthorized credit-card accounts, US regulators said.

Details >
07/12/2023

Omaha police investigating bank robbery after man allegedly threatens teller on the phone

KETV Omaha

OMAHA, Neb. — Omaha police are investigating a bank robbery that occurred Monday afternoon.

Details >
07/11/2023

Trio Arrested for Extensive Identity Theft Operation and Drug Possession

Florida News 610 WIOD

Monroe County, FL - Three individuals are facing criminal charges after law enforcement discovered a trove of stolen or forged identity documents in a South Florida motel room.

Details >
07/11/2023

Microsoft Fixes NoAuth Flaws, Prevents Account Takeover

Security Boulevard

Microsoft has admitted that a vulnerability has been discovered in its Azure Active Directory (AD) Open Authorization (OAuth) process which facilitates hackers a complete account takeover.

Details >
07/11/2023

The high cost for fraud and fees for the 'unbanked'

Fox 5 Atlanta

ATLANTA - The FDIC reports that about 6 million Americans are "unbanked." That means they have no savings or checking accounts. This kind of money management can be unsafe and expensive.

Details >
07/11/2023

Apple & Microsoft Patch Tuesday, July 2023 Edition

Krebs on Security

Microsoft Corp. today released software updates to quash 130 security bugs in its Windows operating systems and related software, including at least five flaws that are already seeing active exploitation.

Details >
07/11/2023

Top Suspect in 2015 Ashley Madison Hack Committed Suicide in 2014

Krebs on Security

When the marital infidelity website AshleyMadison.com learned in July 2015 that hackers were threatening to publish data stolen from 37 million users, the company’s then-CEO Noel Biderman was quick to point the finger at an unnamed former contractor.

Details >
07/10/2023

New Phishing Attack Spoofs Microsoft 365 Authentication System

Hack Read

Vade, a provider of email security and threat detection services, has released a report on a recently discovered phishing attack that involves the spoofing of the Microsoft 365 authentication system.

Details >
07/10/2023

Cyber Extortion Cases Surge 39% Annually

Info Security Magazine

Incidents of online extortion reported to the police increased by nearly two-fifths in 2022 compared to a year previously, according to international law firm RPC.

Details >
07/10/2023

FTC revs up money transfer case against Walmart

Payments Dive

The Federal Trade Commission revved up its case against Walmart last week, alleging the retailer facilitated fraudulent transactions, despite a court ruling setback in March.

Details >
07/10/2023

Moody’s report spotlights FedNow downside

Payments Dive

Dive Brief: The credit ratings agency Moody’s Investors Service this week spelled out potential drawbacks of the real-time payments system FedNow, which the Federal Reserve plans to launch next month, saying some payments players that “rely heavily” on card interchange fees for revenue could suffer.

Details >
07/10/2023

Steer clear of scams while shopping on Amazon Prime Day 2023

NBC Miami

As consumers look forward to Amazon Prime Day to snag deals, it's essential to stay vigilant against potential scams.

Details >
07/06/2023

Did you hear the SCOTUS decision on student loan debt relief? So did scammers.

FTC

If you have federal student loans, you’ve probably heard about the Supreme Court decision and know that repayments are restarting in October.

Details >
07/06/2023

AI linked to new crop of business email scams

Cyber Security Dive

Generative artificial intelligence tools such as ChatGPT could be aiding the proliferation of more convincing email scams aimed at stealing money from businesses, according to cybersecurity firm Fortra.

Details >
07/06/2023

AI linked to new crop of business email scams

Cyber Security Dive

Generative artificial intelligence tools such as ChatGPT could be aiding the proliferation of more convincing email scams aimed at stealing money from businesses, according to cybersecurity firm Fortra.

Details >
07/06/2023

Mastermind of $10 million Amazon fraud scheme sentenced to 16 years in federal prison

U.S. Attorney's Office Northern District of Georgia

ATLANTA - Kayricka Wortham has been sentenced for stealing more than $9.4 million from Amazon.com while employed as a manager for the company. Seven individuals, including Wortham, have now been charged in connection with the scheme.

Details >
07/06/2023

Ransomware criminals post kids’ private files after school hacks in Twin Cities, elsewhere

Tiwn Cities Pioneer Press

The confidential documents stolen from schools and dumped online by ransomware gangs are raw, intimate and graphic.

Details >
07/06/2023

Russian Cybersecurity Executive Arrested for Alleged Role in 2012 Megahacks

Krebs on Security

Nikita Kislitsin, formerly the head of network security for one of Russia’s top cybersecurity firms, was arrested last week in Kazakhstan in response to 10-year-old hacking charges from the U.S. Department of Justice.

Details >
07/06/2023

Who’s Behind the DomainNetworks Snail Mail Scam?

Krebs on Security

If you’ve ever owned a domain name, the chances are good that at some point you’ve received a snail mail letter which appears to be a bill for a domain or website-related services.

Details >
07/06/2023

Fraud Alert: Scammers impersonate Office for Victims of Crime

Lowndes Signal

The Office of Justice Programs’ Office for Victims of Crime (OVC) has received multiple reports that individuals claiming to represent OVC, or other Department of Justice (DOJ) agencies, are calling members of the public as part of imposter scams, announced United States Attorney Sandra J. Stewart.

Details >
07/06/2023

Microsoft Warns of Russia-Backed Credentials Stealing Campaign

MSSP Alert

Microsoft’s security team recently said that it had found evidence of a jump in cyber attacks orchestrated by the Russian state-backed Midnight Blizzard crew eyeing personal credentials.

Details >
07/06/2023

Expert offers advice on how to avoid becoming victim of check fraud

CBS News Miami

MIAMI - Stopping finance fraud is a full-time job, on top of the one a local business owner already has.

Details >
07/06/2023

Cyber Attack on Suncor Energy Indefinitely Suspends Electronic Payments at Canadian Gas Stations

CPO Magazine

Motorists who have pulled up to one of Canada’s Petro-Canada gas stations in the last few days have been greeted by “cash only” signs, as a cyber attack on parent company Suncor Energy has disrupted the company’s payment and loyalty reward systems.

Details >
07/06/2023

From Portugal to the Philippines, Real-Time Payments Increase Their Global Footprint

PYMNTS

Real-time payments have gained significant traction worldwide, revolutionizing how consumers and businesses conduct financial transactions.

Details >
07/06/2023

NHS Barts trust attacked by ransomware gang

Cyber Security HUB

Russian ransomware gang BlackCat has allegedly stolen 7TB of data from the NHS Trust

Details >
07/06/2023

IRS warns of new identity theft scam that comes through the mail

Central Oregon Daily

The IRS is warning of a new identity theft scam intending to make you believe you are owed a refund. This one comes through the mail, but has many of the hallmarks of email and text scams.

Details >
07/06/2023

Sanford bank robbery sparks investigation near Bank of America

Orlando 6

SANFORD, Fla. – There was a heavy law-enforcement presence in Sanford on Wednesday following a bank robbery, according to the Seminole County Sheriff’s Office.

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07/06/2023

It may not be safe to mail checks anymore. U.S. Postal Service shares tips to fight rise in crime.

USA Today

Neither snow nor rain nor heat nor gloom of night, the adage goes, will stop postal workers from delivering the mail. But what about armed robbery?

Details >
07/02/2023

Bloomington murder-suicide tied to securities fraud in Minnesota small towns

Star Tribune

U.S. securities regulators claim perpetrator and victims of the killings raised over $3.7 million for fraudulent stock trading scheme

Details >
07/02/2023

The Great Grift: More than $200 billion in COVID-19 aid may have been stolen, federal watchdog says

WIZM

WASHINGTON (AP) — More than $200 billion may have been stolen from two large COVID-19 relief initiatives, according to new estimates from a federal watchdog investigating federally funded programs that helped small businesses survive the worst public health crisis in more than a hundred years.

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06/30/2023

78 people charged in $2.5 billion health care fraud schemes targeting elderly, disabled: DOJ

USA Today

The U.S. Department of Justice has charged 78 people for their alleged participation in health care fraud and opioid abuse schemes valued at $2.5 billion.

Details >
06/28/2023

Microsoft Teams Attack Skips the Phish to Deliver Malware Directly

Dark Reading

Exploiting a flaw in how the app handles communication with external tenants gives threat actors an easy way to send malicious files from a trusted source to an organization's employees, but no patch is imminent.

Details >
06/28/2023

FedNow battles conspiracy theories

Payments Dive

The Federal Reserve’s new instant payments system is confronting disinformation as it gears up for a launch, likely late next month.

Details >
06/28/2023

FedNow battles conspiracy theories

Payments Dive

The Federal Reserve’s new instant payments system is confronting disinformation as it gears up for a launch, likely late next month.

Details >
06/28/2023

Man gave teller note demanding $1,200 in downtown Grand Rapids bank robbery

Michigan Live

GRAND RAPIDS, MI – A man walked into a downtown Grand Rapids bank, wearing all dark clothing, and gave a bank teller a note.

Details >
06/28/2023

Police, FBI investigating bank robberies in Western Springs, Oak Lawn

ABC 7 Eyewitness News

CHICAGO (WLS) -- The FBI and local police are investigating two robberies that happened Tuesday, one in Western Springs and one in south suburban Oak Lawn.

Details >
06/28/2023

FACEBOOK'S CREEPY NEW AI CAN REPLICATE YOUR FRIENDS' VOICES

Futurism

Meta-formerly-Facebook has unveiled a "breakthrough" new text-to-speech AI that can edit existing audio, speak in six languages, and — in a more unsettling turn — replicate your loved ones' voices.

Details >
06/28/2023

SMS Phishers Harvested Phone Numbers, Shipment Data from UPS Tracking Tool

Krebs on Security

The United Parcel Service (UPS) says fraudsters have been harvesting phone numbers and other information from its online shipment tracking tool in Canada to send highly targeted SMS phishing (a.k.a. “smishing”) messages that spoofed UPS and other top brands. The missives addressed recipients by name, included details about recent orders, and warned that those orders wouldn’t be shipped unless the customer paid an added delivery fee.

Details >
06/28/2023

U.K. Cyber Thug “PlugwalkJoe” Gets 5 Years in Prison

Krebs on Security

Joseph James “PlugwalkJoe” O’Connor, a 24-year-old from the United Kingdom who earned his 15 minutes of fame by participating in the July 2020 hack of Twitter, has been sentenced to five years in a U.S. prison.

Details >
06/28/2023

CFPB Takes Action Against ACI Worldwide for Illegally Processing $2.3 Billion in Mortgage Payments that Homeowners Did Not Authorize

CFPB

ACI will pay a $25 million penalty for data handling practices that negatively impacted nearly 500,000 homeowners whose mortgages were serviced by Mr. Cooper

Details >
06/28/2023

Interchange bill would reduce fraud protection, offer little consumer savings

CUNA

The Big Box interchange bill would reduce funding for fraud protection with little or no consumer savings, Veridian Credit Union CEO Renee Christoffer wrote in The Gazette. CUNA, Leagues, and credit unions strongly oppose the Marshall-Durbin-Gooden-Lofgren bill as introduced earlier this month.

Details >
06/28/2023

3 widespread scams even smart people can fall for

Business Insider

With inflation still causing an uptick in costs, many are looking for ways to get out of debt and trying to pinch pennies.

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06/28/2023

2 accused of running ‘paper plant,’ use fake checks to swindle victims out of $80,000, deputies say

WSB-TV

FAYETTEVILLE, Ga. — A man and a woman are facing multiple charges including fraud after deputies said they produced a “paper plant” and scammed victims out of more than $80,000.

Details >
06/28/2023

4 common types of business fraud to watch out for — and how to prevent them

Sioux Falls Business

Business owners face a myriad of challenges when it comes to running a successful enterprise. One of the most rapidly increasing challenges relates to that forbidden f-word: fraud.

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06/28/2023

Publishers Clearing House deceived consumers about their sweepstakes contests, FTC says

FTC

It’s illegal for a company to tell someone to pay to enter a sweepstakes contest, or that buying something increases their odds of winning.

Details >
06/28/2023

May ransomware activity rises behind 8base, LockBit gangs

TechTarget

LockBit was the most active group last month, but NCC Group researchers were surprised by 8base, which started listing victims from attacks that occurred beginning in April 2022.

Details >
06/28/2023

Dallas to require online reporting for some crimes instead of calling 911

The Dallas Morning News

The Dallas Police Department will soon mandate that residents report a slew of low-priority calls online instead of by calling 911 in hopes of freeing more officers for serious crimes.

Details >
06/27/2023

Florida man pleads guilty to fraud and identity theft, as part of felony lane gang scheme

News Channel 13

Cedric Lynch pled guilty Friday to federal charges of conspiracy to commit bank fraud and aggravated identity theft. Lynch admitted that he was involved in a fraud scheme known as “felony lane gang” between 2015 and 2020. Lynch and his co-conspirators – one of whom was from Schenectady – traveled across the country breaking into cars, stealing items used in identity theft.

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06/27/2023

Real-Time Payments Fraud Detection Feature Introduced by Jack Henry

Crowdfund Insider

Jack Henry (Nasdaq: JKHY) announced the launch of Payrailz Fraud Monitor, a cloud-native, AI-based feature of the Payrailz Digital Payments Platform that “provides real-time fraud detection when payment transactions are initiated.”

Details >
06/26/2023

Vancouver art student claims she lost hundreds in social media scam

City News Everywhere

An art student in Vancouver claims she lost hundreds of dollars to a fraudster who she thought was buying her work.

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06/26/2023

Grand Rapids Police arrest man in downtown bank robbery

Channel 3 News

GRAND RAPIDS, Mich. — A suspect is in custody for robbing a bank in downtown Grand Rapids on June 22, Grand Rapids Police announced Monday.

Details >
06/23/2023

SMS Phishers Harvested Phone Numbers, Shipment Data from UPS Tracking Tool

Krebs on Security

The United Parcel Service (UPS) says fraudsters have been harvesting phone numbers and other information from its online shipment tracking tool in Canada to send highly targeted SMS phishing (a.k.a. “smishing”) messages that spoofed UPS and other top brands.

Details >
06/21/2023

Check fraud on the rise, costing people and businesses thousands

WSAW - TV

WAUSAU, Wis. (WSAW) - Check fraud is on the rise again and experts have said personal checks are very easy to print on a computer where criminals can “wash” them to create blank checks.

Details >
06/21/2023

Restaurant hired fake priest to extract ‘confessions’ from workers, feds say

MSN

A taqueria chain in California has been ordered by the Department of Labor to pay $140,000 in back pay and damages to 35 employees for a range of infractions, including hiring a fake priest to elicit “confessions” from its workers.

Details >
06/20/2023

Mexico and Peru to Follow Brazil’s Real-Time Payments Footsteps

PYMNTS

Despite large proportions of unbanked households hampering real-time payments adoption in Latin America, some countries in the region are expected to see massive real-time payments growth in the coming years.

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06/20/2023

Microsoft admitted it was targeted in a cyber attack claimed by a Russian-linked group called Anonymous Sudan

Yahoo

The disruptions to Microsoft’s services earlier this month were indeed the result of hacks, the software giant has admitted.

Details >
06/20/2023

Richfield man charged with alleged check fraud in Eden Prairie

Home Town Source

Aammir Rashaad Freese, 29 of Richfield, was charged via summons with one count of check forgery after allegedly cashing checks last July from Marathon Orthodontics in Eden Prairie.

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06/20/2023

A 3-hour phone call that brought her to tears: Imposter scams cost Americans billions

NPR

It was a Monday in the middle of the day when Valeria Haedo got a phone call from a number she didn't recognize. She doesn't normally pick those up, but she did that day.

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06/20/2023

Senators Demand Answers From Venmo and Cash App on Fraud

PYMNTS

A quartet of Senate Democrats want Venmo and Cash App to offer better fraud protection.

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06/18/2023

Every Louisiana driver’s license holder exposed in colossal cyber-attack

The Guardian

Personal details for every holder of a driver’s license from the US state of Louisiana were exposed to hackers who have pulled off a colossal cyber-attack that also affected American federal agencies, British Airways and the BBC, according to officials.

Details >
06/18/2023

Man in custody after barricading inside St. Petersburg Wells Fargo bank, police say

Tampa Bay Times

A man barricaded himself inside a Wells Fargo bank in St. Petersburg for about an hour on Friday afternoon before he was taken into custody, police said.

Details >
06/18/2023

Victims speak out over ‘tsunami’ of fraud on Instagram, Facebook and WhatsApp

The Guardian

The social media giant Meta is facing growing pressure from MPs, consumer groups and the UK banking sector over its failure to prevent a “tsunami” of fraud on Facebook, Instagram and WhatsApp, where Britons are losing “life-changing” sums every day.

Details >
06/18/2023

How Banks and Merchants Make Payments Easy While Keeping Them Safe

PYMNTS

Today’s new digital operating environment is ripe with opportunities for payment innovations.

Details >
06/18/2023

Bank robber that threatened employees with an alleged bomb is on the run

WDEL

The Bear Wells Fargo was robbed yesterday evening at around 5 p.m. and police are asking for the public's help to identify the suspect.

Details >
06/18/2023

Bank Robbery Suspect Fled by Bike After Stealing $20K—and Is Still at Large

Bicycling

“I have a gun and a bag and I don’t want anyone to go to hell today,” is what the suspect said as he was robbing the Citibank branch at 25-91 Steinway St. in Astoria on Wednesday, June 14th in the middle of the afternoon. According to the Astoria Post, the suspect pressed an object into a bank employee’s back and said it was a gun.

Details >
06/18/2023

Milwaukee HSA Bank fraud scheme; former employee, man charged

Fox 6 Milwaukee

MILWAUKEE - Two people, including a former Milwaukee HSA Bank employee, are charged with multiple counts in a scheme that involved using customers' personal information to steal thousands of dollars.

Details >
06/18/2023

Microsoft says early June service outages were triggered by cyber attacks

The Straits Times

WASHINGTON – The outages that affected certain Microsoft services on some days in early June were the result of cyber attacks. But the tech giant noted it saw no evidence of any customer data being accessed or compromised.

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06/18/2023

Data breach impacts MN Department of Education

KARE 11

MDE says one of its servers was hit by a global cyber security attack targeting MOVEit software. Files accessed contained data from more than 95,000 students.

Details >
06/18/2023

Saturday Morning Heist: Two Men Pull off Violent, Daring Bank Robbery in Frankfort

County Herald

FRANKFORT TOWNSHIP – Two armed men executed a daring bank robbery in Unincorporated Frankfort Township, striking fear into the hearts of customers and employees as they gained access to the vault.

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06/16/2023

Woman, 78, to be released on special conditions after allegedly robbing Pleasant Hill bank

Bank Robbery

A 78-year-old woman accused of robbing a Pleasant Hill bank will be released from jail Thursday after her bond was reduced, according to court documents.

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06/15/2023

Nashville woman loses life savings in ‘intricate’ identity theft scam

WATE

NASHVILLE, Tenn. (WKRN) —“They didn’t miss a beat.” That’s how a Nashville woman describes her phone call conversations with scammers who claimed her identity was stolen. She is now warning others after she handed over her entire life savings.

Details >
06/15/2023

AI Regulation: How Could It Impact Everyday Life for Consumers and Businesses

PYMNTS

Different AI regulatory regimes are currently emerging across Europe, the United States, China, and elsewhere. But what do these new regulatory regimes mean for companies and their adoption of self-regulatory and compliance-based tools and practices?

Details >
06/15/2023

CISA Order Highlights Persistent Risk at Network Edge

Krebs on Security

The U.S. government agency in charge of improving the nation’s cybersecurity posture is ordering all federal agencies to take new measures to restrict access to Internet-exposed networking equipment. The directive comes amid a surge in attacks targeting previously unknown vulnerabilities in widely used security and networking appliances.

Details >
06/15/2023

Blaine Business Owner Indicted for $600,000 Scheme to Defraud Hundreds of Jobseekers

United States Attorney's Office District of Minnesota

MINNEAPOLIS – A Blaine man has been indicted on wire fraud charges after devising an employment opportunity scheme to defraud hundreds of jobseekers out of approximately $600,000, announced United States Attorney Andrew M. Luger.

Details >
06/15/2023

Bloomington Man Pleads Guilty to Wire Fraud in $250 Million Feeding Our Future Fraud Scheme

United States Attorney's Office District of Minnesota

MINNEAPOLIS – A Bloomington man has pleaded guilty to his role in the $250 million fraud scheme that exploited a federally-funded child nutrition program during the COVID-19 pandemic, announced U.S. Attorney Andrew M. Luger.

Details >
06/15/2023

Microsoft identifies new hacking unit within Russian military intelligence

Cyberscoop

Dubbed "Cadet Blizzard," the hacking group carried out operations targeting Ukrainian infrastructure in the run-up to the Russian invasion.

Details >
06/15/2023

Johns Hopkins impacted by widespread cyberattack, sensitive information may be affected

WBAL TV 11

BALTIMORE — Johns Hopkins University and Health System said it is investigating a recent cybersecurity attack that impacted its systems.

Details >
06/15/2023

Charges: Accused Inver Grove Heights bank robber says it ‘was a joke’

KSTP 5 Minneapolis, MN

A man who is now facing criminal charges after he allegedly robbed an Inver Grove Heights bank last week told police it “was a joke,” court documents state.

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06/15/2023

Pandemic Fraud Is Really, Truly Not a Big Deal

Prospect

The media’s focus on waste misses key context, and ignores the stunning success of the lockdown-era welfare state.

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06/14/2023

Have you been getting scammy text messages?

FTC

If you get tons of scam text messages, you’re not alone. Lots of people have been reporting to the FTC that they’re getting texts from scammers impersonating people and organizations you know and trust — like your bank or companies like Amazon.

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06/14/2023

Brooklyn Center Man Sentenced to 30 Months in Prison for Insurance Fraud After Staging a Politically Motivated Arson Attack

United States Attorney's Office District of Minnesota

MINNEAPOLIS – A Brooklyn Center man was sentenced to 30 months in prison, followed by one year of supervised release and ordered to pay $3,850 in restitution and an $18,381 fine for filing fraudulent insurance claims for a staged arson, announced U.S. Attorney Andrew M. Luger.

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06/14/2023

Microsoft Patch Tuesday, June 2023 Edition

Krebs on Security

Microsoft Corp. today released software updates to fix dozens of security vulnerabilities in its Windows operating systems and other software.

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06/14/2023

Cases of check fraud escalate dramatically, with Americans warned not to mail checks if possible

WOKV Jacksonville

NEW YORK — (AP) — Check fraud is back in a big way, fueled by a rise in organized crime that is forcing small businesses and individuals to take additional safety measures or to avoid sending checks through the mail altogether.

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06/14/2023

Three suspects apprehended in Louisville in connection with Boulder bank robbery

Yahoo News

Jun. 12—Three suspects have been taken into custody by Louisville police in relation to a Boulder bank robbery that occurred Monday morning.

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06/14/2023

A Bank Robbery Was Foiled When The Getaway Car Is Stolen

Rock929

Sometimes life just isn’t fair. Alan Duncan, from Minnesota, traveled over to Chicago, reportedly with the master plan of robbing banks.

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06/14/2023

PCI DSS 4.0 Requirements – Protect from Malicious Software and Maintain Secure Systems and Software

FORTRA

We often hear how a company was compromised by a sophisticated attack. This characterization contains all the romantic thrill of a spy movie, but it is usually not how most companies are victimized.

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06/14/2023

ChatGPT and Data Privacy

FORTRA

In April 2023, German artist Boris Eldagsen won the open creative award for his photographic entry entitled, Pseudomnesia: The Electrician. But, the confusing part of the event for the judges and the audience was that he refused to receive the award.

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06/14/2023

Minding Your Data Leaks: Simple Steps to Help Prevent Leaks

FORTRA

If you mention data leakage to most people, they may think that it sounds like a problem for a plumber, but the phrase “data leak” has specific and troubling concerns for a business. Data leakage is a particular security threat, and there are many sources for data leaks.

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06/14/2023

Malware menaces Minecraft mods

FORTRA

If you, or your kids, are fans of Minecraft - you might be wise not to download any new mods of plugins for a while.

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06/12/2023

UBS completes Credit Suisse takeover. Here’s what it means

WSILTV.com

London (CNN) — UBS has finalized its emergency takeover of fallen rival Credit Suisse, creating a giant Swiss bank with nearly $1.7 trillion in assets in the biggest banking tie-up since the 2008 global financial crisis.

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06/12/2023

Bank robbery suspect robs second Brentwood bank in almost 2 weeks, police say

WSMV 4

NASHVILLE, Tenn. (WSMV) - Brentwood Police say a suspect has robbed a second bank in almost two weeks and are seeking the public’s help in identifying him.

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06/12/2023

Judge rejects late claim in massive bank fraud case involving Aaron Marshbanks

Nebraska Examiner

LINCOLN — A judge on Friday rejected an effort by a friend and partner of deceased businessman Aaron Marshbanks to file a late claim against the businessman’s estate, which is wrapped up in perhaps the largest case of bank fraud in state history.

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06/12/2023

Synthetic identity theft makes a serious threat even worse

Consumer Affairs

In its most recent reporting year, the Federal Trade Commission (FTC) counted 1.4 million cases of identity theft, in which a criminal assumes the victim’s identity and opens credit accounts in their name.

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06/12/2023

The Great Grift: How billions in COVID-19 relief aid was stolen or wasted

AP News

WASHINGTON (AP) — Much of the theft was brazen, even simple. Fraudsters used the Social Security numbers of dead people and federal prisoners to get unemployment checks. Cheaters collected those benefits in multiple states. And federal loan applicants weren’t cross-checked against a Treasury Department database that would have raised red flags about sketchy borrowers.

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06/12/2023

Providence Man Sentenced for Role in Counterfeit Check Scheme

United States Attorney's Office District of Rhode Island

PROVIDENCE – A Providence man who willingly participated in a bank fraud scheme that obtained the bank routing and account information of unsuspecting individuals, and later used that information to create and deposit counterfeit checks and withdraw funds, has been sentenced to two years in federal prison, announced United States Attorney Zachary A. Cunha.

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06/12/2023

Boulder police seek woman in U.S. Bank robbery

Colorado Hometown Weekly

A bank robbery occurred just after 11:30 this morning at the U.S. Bank at 1650 28th St., near Canyon Boulevard.

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06/12/2023

Hackers access sensitive student data from Minnesota Department of Education

Bring me the News

Nearly 100,000 Minnesota students might be impacted by a global cyber-security attack that impacted the Minnesota Department of Education this week, state officials announced Friday.

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06/11/2023

Live biometrics checks ‘the only way’ to prevent identity scams in finance

Biometric Update

In a recent podcast from PaymentsJournal, Micheal Sheehy, chief compliance officer at payments firm Payoneer, pointed to large-scale recent fraud cases such as the Equifax data breach, Covid unemployment scams, and PPP loans, saying that it has “really become obvious that the only way to prevent this fraud is a live biometric check.”

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06/11/2023

Consumer Identity and Access Management (IAM) Market Is in Huge Demand : Major Giants Mitek Systems, LexisNexis Risk Solutions, Ping Identity

Digital Journal

NJ New Jersey, USA -- (SBWIRE) -- 06/09/2023 -- Advance Market Analytics published a new research publication on "Consumer Identity and Access Management (IAM) Market Insights, to 2028" with 232 pages and enriched with self-explained Tables and charts in presentable format.

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06/11/2023

Digital Behavioral Fraud Gets Increasingly Personal

PYMNTS

Powered by technology like generative artificial intelligence (AI), behavioral-driven fraud is enjoying a modern renaissance.

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06/11/2023

Younger, more extroverted, and more agreeable individuals are more vulnerable to email phishing scams

PsyPost

New research published in Applied Cognitive Psychology suggests that the older you are, the less susceptible you are to phishing scams. In addition, highly extroverted and agreeable people are more susceptible to this style of cyber attack.

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06/11/2023

Sioux Falls man sentenced for August bank robbery

Fox Dakota News Now

SIOUX FALLS, S.D. (Dakota News Now) - A US District Judge has delivered a sentence for a Sioux Falls man who attempted to rob a bank last year.

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06/11/2023

Government Overreached in Identity Theft Case, Supreme Court Rules Unanimously

NTD

The Supreme Court limited the reach of the federal Identity Theft Penalty Enhancement Act, unanimously rebuffing the Biden administration’s efforts to prosecute a man already convicted of Medicaid fraud with a separate charge of aggravated identity theft arising out of the same fraud case.

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06/09/2023

Barracuda Urges Replacing — Not Patching — Its Email Security Gateways

Krebs on Security

It’s not often that a zero-day vulnerability causes a network security vendor to urge customers to physically remove and decommission an entire line of affected hardware — as opposed to just applying software updates.

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06/09/2023

FBI releases identity of attempted bank robber arrested by BSO in Dania Beach

7 News Miami

PEMBROKE PINES, FLA. (WSVN) - The Federal Bureau of Investigation released information on the identity of the man arrested by Broward Sheriff’s Office deputies in Dania Beach after Wednesday’s attempted bank robbery in Pembroke Pines.

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06/07/2023

Shoplifting arrest ends in busting identity theft scheme

The Daily World

What began as a simple arrest in Walmart in late February for shoplifting catapulted Aberdeen police down a rabbit hole as they investigated and got convictions on a man wanted for identity theft.

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06/07/2023

Social Security News: Protect yourself from identity theft

Times Herald

Identity theft affects millions of people each year and can cause serious harm. Protect yourself by securing your personal information, understanding the threat of identity theft, and exercising caution.

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06/07/2023

Service Rents Email Addresses for Account Signups

Krebs on Security

One of the most expensive aspects of any cybercriminal operation is the time and effort it takes to constantly create large numbers of new throwaway email accounts.

Details >
06/07/2023

Cyber Attack Due to Malicious Open-source Package

Security Boulevard

Open-source tools and packages are an essential part of the modern software development ecosystem. They are widely used by developers to speed up the development process and reduce the amount of work required to build complex systems.

Details >
06/07/2023

ChatGPT: Navigating the rising financial crime landscape in the digital age

Beta News

In-depth discussions with financial crime compliance decision makers from 10 leading U.S. financial institutions reveal that real-time digital payments, digital fraud, and cybercrime are the primary concerns for compliance teams in 2023.That said, there is a new player that has entered the scene and demands our attention: ChatGPT. It has the dual ability to help or hurt compliance and security teams.

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06/04/2023

Brookfield Landmark Credit Union check cashing fraud, woman sought

Fox 6 Milwaukee

BROOKFIELD, Wis. - Brookfield police are looking for a woman who tried cashing a check that did not belong to her.

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06/04/2023

Gen Z Consumers Give Banks Less Than a Passing Grade on Bank Authentication

PYMNTS

When consumers think about how secure their bank accounts are, that can trigger a powerful emotional response to what is ultimately a matter of bank-grade security.

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06/04/2023

Beware of fake government scheme! Free laptop offer scam circulating online, PIB Fact Check reveals

Live Mint

A fraudulent scheme is currently circulating on the internet under the guise of the Indian government. Scammers are spreading false information to users, claiming that the government of India is providing complimentary laptops to students.

Details >
06/04/2023

Cyber security expert shares how to prevent summer travel scams

KENS5

AUSTIN, Texas — The summer travel season is upon us and scammers are coming up with ways to steal your money. Cybersecurity experts believe these travel scams are going to continue to grow as more people get back to traveling, which could cause billions of dollars in losses from fraud.

Details >
06/04/2023

BBB warns of summer scams preying on job seekers, vacationers

ABC 7 Eyewitness News

CHICAGO (WLS) -- As summer approaches, scammers are turning up the heat to get to your money.

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06/02/2023

Delegated Authentication Helps Speed the Shift to Passwordless Future

PYMNTS

In a world where online commerce continues its inexorable rise, authentication and transaction processes have become more critical than ever.

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06/01/2023

Bank Robbery Update: New details emerge from Princeton heist

KTTN

More information has been released regarding the bank robbery in Princeton on May 19th.

Details >
06/01/2023

Data Orchestration Can Beat Fraudsters at Their GPT Identity-Theft Games

PYMNTS

Financial fraud is growing faster and more sophisticated, making smart defense crucial for today’s organizations.

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05/31/2023

Capita cyber-attack: 90 organisations report data breaches

The Guardian

About 90 organisations have reported breaches of personal information held by Capita after the outsourcing group suffered a cyber-attack, Britain’s data watchdog has said.

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05/31/2023

$4 million food stamp fraud ring leads to 3 arrests in Michigan

MLive Michigan

LANSING, MI – Three Michiganders are under arrest in connection with a $4 million interstate food stamp fraud ring, Attorney General Dana Nessel announced Tuesday.

Details >
05/31/2023

Discord Admins Hacked by Malicious Bookmarks

Krebs on Security

A number of Discord communities focused on cryptocurrency have been hacked this past month after their administrators were tricked into running malicious Javascript code disguised as a Web browser bookmark.

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05/31/2023

California man pleads guilty to $1.2M financial fraud scheme after HSI-led investigation

U.S. Immigration and Customs Enforcement

SANTA ANA, Calif. — A convicted felon from Orange County who used Instagram to teach his followers how to defraud banks pleaded guilty May 30 to conspiring with a bank employee and others to commit a check fraud scheme in which they sought $1.2 million.

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05/30/2023

Veterans Should Look Out for These Scams

Kiplinger.com

If you thought those Camp Lejeune liability ads all over TV are scams, well, the Veterans Administration says some may be. And this is just the latest in a line of scams directed at veterans.

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05/30/2023

MCNA Dental breach exposed nearly 9M people

Cybernews

MCNA, a US-based dental benefits manager, notified millions of clients about a data breach that exposed their government ID’s, Social Security numbers, and driver’s license details.

Details >
05/30/2023

Man walks in on bank robbery, stops suspect with hug

KNOP News 2

WOODLAND, Calif. (KCRA) - Police say a customer at a California bank convinced a would-be robber to walk away. He didn’t use a weapon or physical restraint to do it – just empathy.

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05/30/2023

Rush City Woman Pleads Guilty to $1.8 Million Scheme Involving Romance Fraud and Federal Pandemic Programs

U.S. Attorney's Office District of Minnesota

MINNEAPOLIS – A Rush City woman has pleaded guilty to mail fraud after participating in multiple schemes that defrauded individuals throughout the United States, announced U.S. Attorney Andrew M. Luger.

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05/30/2023

Two Minneapolis Men Plead Guilty to Armed Carjacking

U.S. Attorney's Office District of Minnesota

ST PAUL, Minn. – Two Minneapolis men have pleaded guilty to carjacking, kidnapping, and holding a victim at gunpoint for several hours, announced U.S. Attorney Andrew M. Luger.

Details >
05/26/2023

Bank’s Best Customers Now Willing to Trade Convenience for Security

PYMNTS

Fueled by rising digital threats, security stands top of mind for retail banking customers. Nearly 7 in 10 worry about their personal and financial data vulnerability when engaging with online financial services.

Details >
05/26/2023

Phishing Domains Tanked After Meta Sued Freenom

Krebs on Security

The number of phishing websites tied to domain name registrar Freenom dropped precipitously in the months surrounding a recent lawsuit from social networking giant Meta, which alleged the free domain name provider has a long history of ignoring abuse complaints about phishing websites while monetizing traffic to those abusive domains.

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05/25/2023

AT&T resolves issue that would allow account takeover through ZIP code and phone number

The Record

AT&T recently fixed a vulnerability that would have allowed anyone to take over someone’s account on ATT.com just by knowing their phone number and ZIP code.

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05/25/2023

Senior News: Carry only essentials to help avoid identity theft

Columbia Gorge News

With identity theft rampant, identity fraud cost 40 million Americans a combined $43 billion in 2022, according to an AARP-sponsored report from Javelin Strategy & Research. One safeguard is to keep only the essentials in your pocket or purse.

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05/24/2023

Dish confirms cyber attack impacting 300,000 employees

Info Tech Lead

US-based satellite television giant Dish has confirmed that hackers stole the personal information of about 300,000 employees in a ransomware attack in February, TechCrunch reported.

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05/24/2023

The timeline: Records show the immediate aftermath of the cyber attack on Rochester Public Schools

Post Bulletin

Although the district initially shut everything on its network down, it soon after restored email access to the district's top administration.

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05/23/2023

Father and son sentenced for decadelong, $20 million lottery fraud scheme

AP News

BOSTON (AP) — A father and son from Massachusetts have both been sent to prison for running an elaborate lottery fraud scheme designed to enrich themselves and help prize winners avoid paying taxes on their windfall, prosecutors said.

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05/23/2023

Rush City Woman Pleads Guilty to $1.8 Million Scheme Involving Romance Fraud and Federal Pandemic Programs

US Attorney's Office District of Minnesota

MINNEAPOLIS – A Rush City woman has pleaded guilty to mail fraud after participating in multiple schemes that defrauded individuals throughout the United States, announced U.S. Attorney Andrew M. Luger.

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05/23/2023

Scammers are hijacking job ads. Here’s how to spot the fakes

FTC

Scammers are taking outdated ads from real employers, changing them, and

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05/19/2023

Re-Victimization from Police-Auctioned Cell Phones

Krebs on Security

Countless smartphones seized in arrests and searches by police forces across the United States are being auctioned online without first having the data on them erased, a practice that can lead to crime victims being re-victimized, a new study found.

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05/19/2023

Russian Hacker “Wazawaka” Indicted for Ransomware

Krebs on Security

A Russian man identified by KrebsOnSecurity in January 2022 as a prolific and vocal member of several top ransomware groups was the subject of two indictments unsealed by the Justice Department today. U.S. prosecutors say Mikhail Pavolovich Matveev, a.k.a. “Wazawaka” and “Boriselcin” worked with three different ransomware gangs that extorted hundreds of millions of dollars from companies, schools, hospitals and government agencies.

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05/19/2023

Duluth Man Pleads Guilty to Wire Fraud for Operating Fraudulent Law Firm

United States Attorney's Office District of Minnesota

MINNEAPOLIS – A Duluth man has pleaded guilty to wire fraud after pretending to operate a law firm and defrauding an individual out of thousands of dollars in legal fees, announced U.S. Attorney Andrew M. Luger.

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05/19/2023

More than 1M tax returns flagged for potential identity fraud: IRS

The Hill

More than 1 million tax returns have been flagged for potential identity fraud with more than $6 billion in refunds requiring additional review, according to the IRS.

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05/19/2023

USPS focuses on fraud, employee safety

Minot Daily News

WASHINGTON — The United States Postal Service and United States Postal Inspection Service have announced expanded actions to protect postal employees and the security of the nation’s mail and packages as threats and attacks on letter carriers and mail fraud incidents have escalated with a national rise in crime.

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05/19/2023

Scam Alert: Fake advanced pay checks from fake FBI email

Wach Fox 57

NEWBERRY COUNTY, S.C. (WACH) — Newberry County officials are warning people of an alleged check scam using legitimate companies, and a fake FBI Gmail account.

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05/19/2023

Police: Robbers steal ATM from Chase bank in southwest Miami-Dade

Local 10 - Miami

MIAMI-DADE COUNTY, Fla. – A pair of robbers are on the run on Thursday morning after stealing an ATM from a bank in southwest Miami-Dade.

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05/19/2023

Open Banking Needs Regulatory Nod to Boost Real-Time Payments

PYMNTS

Open banking and instant payments are two of the most exciting trends in digital banking today. Both of these services improve the financial lifestyles of consumers and businesses.

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05/19/2023

Investment scam targeting WeChat groups

FTC

A so-called investment opportunity reportedly took the social media platform WeChat by storm — and stole millions from the Chinese community in the U.S. A flurry of social media posts urged people to “invest” in various household goods and electronics, promising returns of 20-40% in 1-3 months. But it was really a scam. Want to know how to spot it?

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05/19/2023

Avoiding scams that target immigrants

FTC

When there are big changes that lead to confusion, scammers prosper. Pretty much always.

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05/16/2023

Protecting our digitally-connected world is a top priority and focus of the FBI.

IC3.gov

Between staying connected with family and friends, shopping and banking online, and working remotely, we all depend on security in our interconnected digital world.

Details >
05/16/2023

Elderly Woman Allegedly Robs New Orleans Bank: ‘Your Bank is Being Robbed’

Breit Bart

An elderly woman with a walker approached the teller at a Chase Bank branch in New Orleans, Louisiana, apparently with one goal in mind: She was going to rob the bank.

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05/15/2023

United States Postal Service announces new security measures to address increase in mail theft

CBS Texas

DALLAS (CBSNewsTexas.com) – Stolen mail, check fraud and attacks on letter carriers – the U.S. Postal Service has seen enough and that why it has announced new security measures to hopefully address an increase in all three of those crimes.

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05/15/2023

Minnesota man pleads guilty in $19 million organic crops fraud scheme

Fox 9 KMSP

MINNEAPOLIS (AP) - A Minnesota man pleaded guilty to selling conventionally grown crops as certified organic produce in a scheme the federal prosecutors said brought in $19 million in profits.

Details >
05/15/2023

Bad bots are coming for APIs

Help Net Security

In 2022, 47.4% of all internet traffic came from bots, a 5.1% increase over the previous year, according to Imperva. The proportion of human traffic (52.6%) decreased to its lowest level in eight years.

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05/15/2023

CFPB Issues Guidance to Rein in Creation of Fake Accounts to Harvest Fees

CFPB

New circular addresses illegal “reopening” of deposit accounts that can hit consumers with junk fees

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05/15/2023

As the Dark Web Turns Darker, Mitek And DarkTower Partner to Combat Fraud And ID Theft

Digital Transactions

Mitek Systems Inc., a provider of identity-verification technology, is teaming up with DarkTower, the cyber-intelligence division of Davidson, N.C.-based IT consultancy Queen Associates, to combat account fraud and identity theft.

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05/15/2023

Criminal Marketplaces Provide Gateway to Rising Account Fraud and Identity Theft

Business Wire

SAN DIEGO--(BUSINESS WIRE)--The amount of check fraud and identity theft-related crimes emerging from online criminal marketplaces continue to rise. Today, Mitek (NASDAQ: MITK) announced its partnership with DarkTower, a cyber intelligence research company, to address the growing threat. During the first quarter of 2023 alone, the Federal Trade Commission recorded nearly $2 billion in losses from more than 750,000 reports of fraud and identity theft.

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05/12/2023

Putting Scams Out of Business

The Federal Reserve FedPayments Improvement

Scams targeting consumers and businesses have become increasingly prevalent in recent years. There’s also been a groundswell of attention to the problem. However, the clear consensus among government entities, financial institutions, technology providers and other organizations is that we can do much more to address scams.

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05/11/2023

How To Protect The Hospitality Industry From The Growing Fraud Threat

Forbes

Cybercriminals target various industries, such as healthcare, banking and e-commerce platforms, to steal sensitive information and commit fraud in other industries, including hospitality.

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05/11/2023

Identity Theft Resource Center and LexisNexis Risk Solutions Study Highlights Consumer, ID Crime Victim, and Government Executive Views of Identity Verification

Yahoo Life

Sixty-three percent of surveyed government executives say their agency has returned to experiencing pre-pandemic levels of identity fraud

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05/11/2023

Ripple Makes Case for Crypto B2B Payments

PYMNTS

Cryptocurrency’s shiny object appeal has been dulled by ongoing industry turmoil and regulatory scrutiny.

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05/11/2023

Real-time Payments and APP Fraud Emerging Globally According to New Aite-Novarica Group and Outseer Report

Social News XYZ

Outseer, a leading provider of digital fraud prevention and customer authentication solutions, announced today the availability of new global research conducted by the Aite-Novarica Group focused on global trends in real-time payments (RTP) and associated fraud.

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05/08/2023

Cybersecurity for Small Businesses: How to Protect Your Company on a Budget

FORTRA

As a small business owner, you wear many hats. You're the CEO, the accountant, the salesperson, and the HR manager.

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05/08/2023

Banking Failures Must be a Wake-up Call for Regulatory Modernization, Says Cross River Bank CEO

PYMNTS

The recent collapses of tech-friendly banks, including Silicon Valley Bank (SVB), Signature Bank, Silvergate Bank and First Republic Bank, have rightly caused a global conversation about the future of banking, and even more so, of financial services.

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05/04/2023

Illinois woman charged 3 years after discovery of more than 200 identity theft attempts

KAAL TV 6

(ABC 6 News) – An Illinois woman was charged with identity theft and receiving stolen property almost three years after Rochester police found identifying documents for more than 200 people and businesses in her hotel room.

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05/04/2023

Feds: Michigan UIA contractor steals more than $550K in fraud, identity theft

CBS News

(CBS DETROIT) - A contract worker with the Michigan Unemployment Insurance Agency pleaded guilty to stealing more than $550,000 in fraud and identity theft.

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05/04/2023

The Identity Theft Protection Services Market are Projected To Reach USD 31.98 billion By 2030, From USD 11.45 billion in 2022,Registering a CAGR Of 13.70% During The Forecast Period 2023-2030| Data B

Yahoo

According to a market research study published by Contrive Datum Insights Identity theft insurance is a form of insurance policy that provides victims of identity theft with financial protection. Identity theft occurs when thieves use personal information such as an address, a social security number, date of birth, telephone numbers, bank account numbers, credit card numbers, and passwords to commit fraud such as opening fake accounts, applying for loans, making expensive purchases, and draining users' bank accounts.

Details >
05/03/2023

Credit card debt relief that isn’t

FTC

Say you’re struggling to pay off your credits cards — which is already difficult with high interest rates — and you hear about a company that promises to reduce or eliminate your credit card debt for a fee. Sounds great, right? But how can you tell if that offer is legitimate or a scam?

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05/02/2023

China has 50 hackers for every FBI cyber agent, says Bureau boss

The Register

China has 50 hackers for every one of the FBI's cyber-centric agents, the Bureau's director told a congressional committee last week.

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05/02/2023

Russian Hackers Killnet Executed a Cyber Attack on European Air Traffic Control Agency Eurocontrol

CPO Magazine

A pro-Russian hacking group has carried out a cyber attack on Europe’s air traffic control agency. Eurocontrol said the attack by Russian hacking group Killnet affected its website but did disrupt flights or pose any threat to air traffic.

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05/02/2023

Google Blocks 1.43 Million Malicious Apps, Bans 173,000 Bad Accounts in 2022

The Hacker News

Google disclosed that its improved security features and app review processes helped it block 1.43 million bad apps from being published to the Play Store in 2022.

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05/02/2023

Houston man sentenced to prison for $3 million PPP loan fraud

Houston 2

Scott Jackson Davis used the PPP loan money to fly on private jets, purchase luxury cars, jewelry and more, according to authorities.

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05/01/2023

Are scams affecting your community?

FTC

This month and all year long, we join the nation in honoring the cultures and many contributions of Asian American, Native Hawaiian, and Pacific Islander (AA and NHPI) individuals and communities.

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04/24/2023

Scams: A Growing and Costly Problem

The Federal Reserve FedPayments Improvement

Scams are increasingly in the news – along with astonishing estimates of the resulting losses and number of people affected. In 2022 alone, the Federal Trade Commission (FTC) reported consumers lost nearly $8.8 billion to scams (Off-site) – a 35% increase from 2021 – despite receiving half a million (19%) fewer reports of scams.

Details >
04/22/2023

Giving a Face to the Malware Proxy Service ‘Faceless’

Krebs On Security

For the past seven years, a malware-based proxy service known as “Faceless” has sold anonymity to countless cybercriminals.

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04/22/2023

Our family's identity was stolen. Then it happened again.

GoErie

For as long as my wife and I have been married, I've been able to rattle off her Social Security number. It's a convenient thing to know, allowing me to fill out paperwork until she's there to sign her name to whatever document called for the number.

Details >
04/22/2023

Velazquez pleads guilty to federal bank robbery charge

Bismarck Tribune

A Bismarck man who authorities say took more than $2,600 from a Wells Fargo bank has pleaded guilty to a federal bank robbery charge.

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04/22/2023

3CX Breach Was a Double Supply Chain Compromise

Krebs on Security

We learned some remarkable new details this week about the recent supply-chain attack on VoIP software provider 3CX.

Details >
04/22/2023

Capita Warns Customer Data May Have Been Stolen in Cyber Attack

Insurance Journal

Capita Plc, one of the UK’s biggest outsourcing companies, said that customer data may have been stolen during a recent cyberattack.

Details >
04/22/2023

A woman took a job at a Florida post office. Then $70,000 disappeared, police say

Yahoo News

A Bradenton-area postal worker is accused of stealing over $70,000 by taking checks from the mail and depositing them into her own bank account, the Sarasota Police Department said Friday.

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04/22/2023

Florida man accused of taking hostages during attempted armed robbery in Lake County

Fox 35 Orlando

EUSTIS, Fla. - A Florida man was arrested Friday for an attempted armed robbery at a business in Eustis, according to authorities, which prompted a hostage situation.

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04/22/2023

Phoenix sergeant shoots armed bank robber firing at police helicopter

AZ Family

PHOENIX (3TV/CBS 5) — An armed bank robber is in the hospital after being shot by a sergeant in north Phoenix on Thursday afternoon. Around 3 p.m., police were called out to an armed robbery at a bank near 7th Street and Thunderbird Road.

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04/22/2023

Cyber attack will keep area casinos closed throughout weekend

Bradford Today

Official could not put dollar figure on impact of shutdown and could not provide details of what needs to be done to restore IT system.

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04/22/2023

Montana State University students react to cyberattack

KBZK 7

BOZEMAN — Montana State University reported a cyberattack on Thursday, April 20. Students shared their thoughts on the security breach and shared who they think could possibly be behind it.

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04/20/2023

FTC warns that AI technology like ChatGPT could ‘turbocharge’ fraud

TechCrunch

In a Congressional hearing on Tuesday focused on the Federal Trade Commission’s work to protect American consumers from fraud and other deceptive practices, FTC chair Lina Khan and fellow commissioners warned House representatives of the potential for modern AI technologies, like ChatGPT, to be used to “turbocharge” fraud.

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04/20/2023

ROSEVILLE PD: RISKS OF MAILING CHECKS AND HOW TO AVOID CHECK SCAMS

Roseville Today

Roseville, Calif.- Writing checks and mailing them has declined in recent years as the option to pay bills online has become more common.

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04/20/2023

Fighting Password Fatigue Means Retiring Passwords for Good

CPO Magazine

Identity has become enterprises’ greatest security and financial vulnerability in 2023, and it’s time to reevaluate the status quo approach.

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04/15/2023

47% organizations experienced ransomware attack in the past year

Security Magazine

A recent study reveals that security teams are unprepared for ransomware and struggle with increasing regulatory complexity.

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04/15/2023

How companies protect themselves against AI-powered cyber attacks: strategies and best practices.

Digital Journal

AI-powered cyber attacks pose a serious threat to businesses in today's digital age. This article explores strategies and best practices for safeguarding your business, including implementing strong passwords and multi-factor authentication, conducting regular security audits, and investing in AI-powered security tools. Protecting your business from these threats is crucial, and this article covers everything you need to know to stay secure.

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04/15/2023

Police arrest armed bank robber who wore wig and carried broom as disguise in WPB

12 News

WEST PALM BEACH, Fla. (CBS12) — Police and the FBI have arrested a man for robbing a PNC bank in West Palm Beach.

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04/15/2023

2 from Fargo, Moorhead accused of cashing thousands of dollars in fraudulent checks

INFORUM

Erik Crydermen claimed he was picked off the street by men in an SUV and forced to cash the checks, according to court documents.

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04/15/2023

Top eCommerce Security Best Practices to Follow

Security Boulevard

As eCommerce continues to grow, so do the risks of cyberattacks. With more and more people shopping on the internet, eCommerce sites, along with their customers, have become targets for cybercriminals.

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04/15/2023

Fed Says FedNow Early Adopters Pave Path to Instant Payments

PYMNTS

Three months until the U.S. payments ecosystem changes forever.

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04/15/2023

Only 1% of Real Estate Firms Use Real-Time Payments – Why?

PYMNTS

The real estate industry heavily relies on legacy payment methods for their business-to-business (B2B) transactions, but that is beginning to change.

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04/15/2023

TBI: Clarksville caregiver stole more than $100K from elderly client

WSMV 4

A Clarksville caregiver is facing charges after withdrawing large amounts of money from an elderly client’s account, according to the TBI.

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04/15/2023

California man gets 5 years for Bismarck bank robbery; suspect had tried to fly to Africa

Bismarck Tribune

A California man convicted of robbing a Bismarck bank four years ago has been sentenced to five years in prison and ordered to pay more than $6,800 back to the bank.

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04/14/2023

Omaha Police investigating bank robbery on 87th and West Center

3 News Now

OMAHA, Neb. (KMTV) — The Omaha Police are investigating a Tuesday afternoon bank robbery that occurred on 87th and West Center at Bank of the West.

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04/14/2023

Need to charge your phone? Think twice — 'juice jackers' might come for you

NPR

The U.S. government is warning of the dangers of using public, free cellphone charging stations, such as airports, hotels and shopping centers. The FCC put out a statement, and local branches of the FBI are also expressing concern.

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04/14/2023

3 Romanians plead guilty to fraud in St. Louis following HSI, APD investigation

U.S. Immigration and Customs Enforcement

ST. LOUIS — Three Romanian citizens pleaded guilty to federal charges in St. Louis and admitted running a “short-change fraud” in stores across the country following a joint investigation by Homeland Security Investigations (HSI) and Missouri’s Arnold Police Department.

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04/14/2023

Woman Sent to Prison For Defrauding 3 Rochester Banks

KROC

Rochester, MN (KROC-AM News) - A Chicago woman has been sentenced to nearly 2 years in prison for making fraudulent withdrawals using stolen credit cards at three banks in Rochester five years ago.

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04/14/2023

Ex-LPL advisor gets 15 years for elder fraud amid homicide investigation

Financial Planning

A barred ex-financial advisor who pleaded guilty to defrauding an octogenarian couple but denies involvement in the killing of one of the victims received a 15-year prison sentence.

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04/14/2023

3 armored truck robberies reported in Chicago area

Yahoo Life

Three armored trucks were robbed Wednesday in the south suburbs and Chicago, the FBI and Chicago police said Wednesday.

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04/14/2023

Milwaukee Man Sentenced to 16 Years in Prison for Bank Robberies, Illegal Firearm Possession, and Conspiracy to Retaliate Against an Informant.

Urban Milwaukee

United States Attorney Gregory J. Haanstad of the Eastern District of Wisconsin announced that on April 13, 2023, United States District Court Judge Lynn Adelman sentenced Antoine L. Jackson (age 30) to 16 years in federal prison after Jackson was convicted by a jury of conspiracy to commit bank robbery, three bank robberies, possessing a firearm as a convicted felon, and conspiracy to retaliate against an informant.

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04/11/2023

New bill would crack down on USPS mail theft

SiLive

STATEN ISLAND, N.Y. — Rep. Nicole Malliotakis is taking a stand against mail theft following an increase in checks stolen from New York City post offices and mailboxes.

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04/11/2023

Big Pharma-partnered Evotec on high alert after cyberattack takes systems offline

Fierce Biotech

German biotech Evotec is on high alert after a late-week cyberattack prompted the company to shut down its network.

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04/11/2023

What Is an Impersonation Attack? How You Can Stop Imposters

Make Use Of

You're more likely to trust a friend than a stranger. That's why a cybercriminal will pretend to be someone you know, if they can pull it off.

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04/11/2023

A shocking number of phone calls are just spam

Tech Radar

A shocking number of phone calls are just spam that cost both businesses and consumers time and money, new research has claimed.

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04/11/2023

One of two mail theft fraud suspects moving forward with trial

WBAY

GREEN BAY, Wis. (WBAY) - Dionta Bratcher is bound over for trial, a court ruled Monday.

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04/11/2023

Microsoft (& Apple) Patch Tuesday, April 2023 Edition

Krebs on Security

Microsoft today released software updates to plug 100 security holes in its Windows operating systems and other software, including a zero-day vulnerability that is already being used in active attacks.

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04/09/2023

OPERATION COOKIE MONSTER: FBI SHUTS DOWN ONE OF THE BIGGEST ONLINE CRIMINAL MARKETPLACES!

Tag 24

Washington DC - One of the world's biggest online criminal marketplaces has been shut down in an operation involving 17 countries worldwide, dubbed "Cookie Monster."

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04/09/2023

New Dark Web Market Styx: Focuses on Money Laundering, Identity Theft

Hack Read

Styx has quickly gained traction as a hub for various illicit activities, following the recent seizure of the Genesis dark web market.

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04/09/2023

Local banks warn of a new check-cashing scheme that's targeting young adults

KIMA

YAKIMA -- A new check cashing scam has made its way to banks in our area.

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04/09/2023

More Than One-Third of Banks Say Item-Level Receipt Data Cements Customer Loyalty

PYMNTS

Financial institutions (FIs) have had many reasons to consider the benefits of investing in receipt data solutions.

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04/09/2023

How Can Security Compliance Protect Your Crypto Business from Fraud?

Cryptopolitan

Cryptocurrencies have witnessed a meteoric rise in popularity and adoption in recent years. Industries such as finance, supply chain management, gaming, and many others have welcomed a multitude of new blockchain and crypto startups.

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04/09/2023

Hackers Behind Modesto PD Attack Begin Releasing Data

Government Technology

The ransomware group that claims to have stolen data from the Modesto Police Department's IT network has started making the information available on its website, a threat analyst reported Wednesday on Twitter.

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04/09/2023

Killnet DDoS attacks against healthcare dip as identity risks tick up

SC Media

After a spate of Killnet DDoS cyberattacks against healthcare entities throughout January, the hacktivist campaigns have slowed. However, the Department of Health and Human Services Cybersecurity Coordination Center (HC3) warns the risk posed against the hijacking of digital identities remains high.

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04/09/2023

New Money Message Ransomware Gang Hits MSI, Threatens of Data Leak

HackRead

The Money Message ransomware group has reportedly demanded a ransom of $4 million from MSI.

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04/09/2023

BBB Scam Alert: Texas employment scam reports in 2023 shatter five-year records

OA Online

In quarter one of 2023 (January thru March), reports of employment scams to BBB Scam Tracker from Texas residents doubled, and money loss increased substantially compared to the typical rates Better Business Bureau (BBB) receives at the beginning of the year.

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04/09/2023

Don't fall for this new banking scam

Fox News

We recently received this email with important information about banking scams from Jeff from Connecticut. Here's what he had to say.

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04/09/2023

New York City bank robber puts elderly woman in chokehold for measly sum: Video

Fox News

The New York robber ran from the Queens bank with $205, according to the NYPD, which offered a $3,500 reward.

Details >
04/09/2023

Man shows gun, makes bomb threat to rob Falmouth bank, police say

WCVB 5 Boston

FALMOUTH, Mass. — Authorities in Massachusetts are searching for a man who showed a gun and made a bomb threat in order to rob a Cape Cod bank before stealing a vehicle to flee the scene.

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04/07/2023

Three South Jersey men charged with conspiracy to commit bank fraud

The Sun Papers

Three men from southern New Jersey were charged with negotiating fraudulent checks with forged signatures, U.S. Attorney Philip R. Sellinger announced on April 4.

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04/07/2023

Reporting fraud 101: protect your community by reporting scams

FTC

Have you or a family member or friend ever lost money to a scam? You’re not alone: last year scammers pulled in over $8 billion. But there’s a way you can help.

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04/07/2023

Grand Jury Returns Two Indictments

US Attorney's Office Western District of Wisconsin

MADISON, WIS. - A federal grand jury in the Western District of Wisconsin, sitting in Madison, returned the following indictments today. You are advised that a charge is merely an accusation and that a defendant is presumed innocent until and unless proven guilty.

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04/07/2023

78-year-old woman arrested following Pleasant Hill bank robbery

Fox 4 News

PLEASANT HILL, Mo. — A 78-year-old woman is in custody following a bank robbery Wednesday in Pleasant Hill, Missouri.

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04/07/2023

Grand Jury Returns Two Indictments

US Attorney's Office Western District of Wisconsin

MADISON, WIS. - A federal grand jury in the Western District of Wisconsin, sitting in Madison, returned the following indictments today. You are advised that a charge is merely an accusation and that a defendant is presumed innocent until and unless proven guilty.

Details >
04/07/2023

Prosecutor: Bank robbery by motorcyclist involved NJ stuntman and his brother Read More: Michael 'Crazy Mike' Gaboff, brother accused of robbing NJ bank | https://nj1015.com/franklin-bank

New Jersey 101.5

A Monmouth County family with a longtime love of dirt bikes and racing has found themselves in trouble with law enforcement, stemming from a bank robbery last year.

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04/07/2023

Prosecutor: Bank robbery by motorcyclist involved NJ stuntman and his brother

New Jersey 101.5

A Monmouth County family with a longtime love of dirt bikes and racing has found themselves in trouble with law enforcement, stemming from a bank robbery last year.

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04/05/2023

Is it really the IRS?

FTC

The “IRS” is on the phone. They’re saying you owe back taxes and need to pay immediately using cryptocurrency, or you’ll be arrested. You reach for your wallet but then think — WAIT — is this really the IRS? Or is it someone impersonating the IRS?

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04/05/2023

Shopping online? Here’s what to do when things go wrong

FTC

Ever had a bad online shopping experience? Maybe you ordered one thing but got another. Or that new company never shipped your order, despite charging you. So, what do you do?

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04/03/2023

The impact of Quantum Computing on cybersecurity

Tripwire

Quantum computers can solve highly complex problems faster than any of its predecessors. We are currently in a period of a quantum revolution.

Details >
04/02/2023

Kauai Woman Sentenced to 17 Years in Prison for Wire Fraud Schemes and Aggravated Identity Theft

United States Attorney's Office District of Hawaii

HONOLULU –Leihinahina Sullivan, 51, of Lihue, Kauai, was sentenced today before United States District Judge J. Michael Seabright to 17 years in prison and three years of supervised release for three counts of wire fraud and one count of aggravated identity theft related to multiple long-running fraudulent schemes.

Details >
04/02/2023

German Police Raid DDoS-Friendly Host ‘FlyHosting’

Krebs on Security

Authorities in Germany this week seized Internet servers that powered FlyHosting, a dark web offering that catered to cybercriminals operating DDoS-for-hire services, KrebsOnSecurity has learned.

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04/02/2023

MAMA MIA! ITALY HAS BANNED CHATGPT!

Futurism

The anti-artificial intelligence push continues in Italy, which just moved to temporarily ban OpenAI's ChatGPT pending a data privacy investigation.

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04/02/2023

Former CU Teller Gets Six-Month Home Confinement for $40,000 Theft

ALM Credit Union Times

A federal judge sentenced a former credit union teller to six months of home confinement and three years of probation for her role in stealing $40,000 from a member’s account at the $5 billion Virginia Credit Union based in North Chesterfield, Va.

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04/02/2023

“Check washing” is on the rise

Hometown Focus

VIRGINIA – Close attention by a customer and quick action by staff at Northern State Bank in Virginia meant that at least one attempt at theft by “check washing” was thwarted.

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04/02/2023

‘I don’t know why they targeted us’: Animal welfare nonprofit hit with nearly $60,000 in check fraud

WSB-TV

GWINNETT COUNTY, Ga. — Planned PEThood, a non-profit that helps provide low-cost spay, neutering, vaccines, and wellness care for dogs and cats, was the recent target of a $59,000 check fraud scheme.

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04/02/2023

Prepaid Debit Cards and Apps Help Seniors Avoid Falling Prey to Hackers and Scams

PYMNTS

The risk of mismanaging funds is high among people living with dementia. And according to Jayne Sibley, co-founder at U.K. FinTech startup Sibstar, this is not only challenging for those involved, but for their families as well.

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04/02/2023

Identity Theft on the Rise as Thieves Pilfer Personal Data

AARP

Scam artists have long made off with your money by pretending to be somebody else. Now, they’re pretending to be you.

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04/02/2023

How chance encounter in alley led to arrest of man accused in Loop bank robbery, shootout with guard

ABC 7 Chicago

CHICAGO -- Minutes before he robbed a Loop bank and exchanged gunfire with a guard earlier this month, the FBI says Jawad Hakeem met a woman smoking a cigarette in an alley and struck up a conversation.

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03/31/2023

Why is Walmart Closing Its Portland Stores?

Retail Wire

Walmart’s planned closure of its last two stores within Portland’s city limits later this month has drawn national coverage amid speculation that it may be due to rampant shoplifting.

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03/30/2023

Visa Head of Fraud Services on Protecting Consumers From Hacker Scams

PYMNTS

The good news is that today’s payment landscape is becoming faster, easier, and more digital.

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03/30/2023

UK Sets Up Fake Booter Sites To Muddy DDoS Market

Krebs on Security

The United Kingdom’s National Crime Agency (NCA) has been busy setting up phony DDoS-for-hire websites that seek to collect information on users, remind them that launching DDoS attacks is illegal, and generally increase the level of paranoia for people looking to hire such services.

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03/30/2023

Business Email Compromise Threats Soar Past Phishing Risks

Security Boulevard

The risk of business email compromise (BEC) is increasing annually and is estimated to be twice as severe as the overall threat of phishing, according to an Osterman Research/IronScales survey of 249 U.S.-based IT and security professionals.

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03/30/2023

How to prepare for a world without passwords

Venture Beat

Businesses are spending billions of dollars each year on cybersecurity solutions, but we’re still seeing a steady increase in security breaches.

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03/30/2023

Why the FDIC Is Suddenly Front-Page News

PYMNTS

Few debates rage as fiercely today as how to protect bank customers — and how much protection they need.

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03/30/2023

Why Some BNPL Providers Aren’t Sweating New Regulations

PYMNTS

Buy now, pay later (BNPL) payments have exploded in popularity in the past several years, now with more than 360 million users worldwide.

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03/30/2023

White House Wants New Rules for Midsize Banks

PYMNTS

The White House plans to call for tougher regulation of midsize banks.

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03/27/2023

The FBI’s BreachForums bust is causing ‘chaos in the cybercrime underground’

Cyberscoop

The dramatic fall of one of the preeminent cybercrime communities on the web will have major implications for the cybercrime markets.

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03/27/2023

The tragic blown promise of Amazon Go

Fast Company

Eight of Amazon’s ‘just walk out’ stores are closing, including all the ones in San Francisco. The one I shopped at never lived up to its potential, but I’ll miss it anyhow.

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03/27/2023

Suspect in bank robbery arrested

The Maple Lake Messenger

Daren Teague has been arrested for his involvement in the August 2022 bank robbery at American Heritage Bank in Clearwater.

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03/27/2023

Action 9 investigates stolen checks from church in southwest Charlotte

Yahoo

Mail theft has gotten so bad that some are calling it an epidemic.

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03/27/2023

Financial Institutions and Cybersecurity Risk: Why you need ISO27001

Tripwire

When it comes to law enforcement crime investigations, there is a maxim of, “follow the money”. This broadly means that if you can follow the money trail, it will eventually lead you to the perpetrator of the crime.

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03/24/2023

Walmart closing in Brooklyn Center, another retail departure in the north metro

Star Tr

Walmart's departure is the second major retailer to leave Brooklyn Center after the Target store a few blocks north closed in 2019.

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03/24/2023

Klarpay CEO Said Providers Must Confront Liquidity Management Challenges With Instant Payments Use

PYMNTS

Small and midsized businesses (SMBs) that succeed face the same hurdles as big ones, from brand trust to providing seamless online checkout and other services that ride along.

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03/24/2023

Baby Jack & Co. CEO on Taking Kids Toys and Easy Checkout From Zero to Global in 13 Years

PYMNTS

Small and midsized businesses (SMBs) that succeed face the same hurdles as big ones, from brand trust to providing seamless online checkout and other services that ride along.

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03/22/2023

France’s Real-Time Payments Volume Set to Grow 10X by 2026

PYMNTS

According to a recent PYMNTS study on instant payments, there are more than 60 countries that possess or are in the process of developing a real-time payments scheme on a national or regional level.

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03/22/2023

Google Suspends Chinese E-Commerce App Pinduoduo Over Malware

Krebs on Security

Google says it has suspended the app for the Chinese e-commerce giant Pinduoduo after malware was found in versions of the app.

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03/22/2023

Hackers post more stolen Minneapolis Public School data to dark web

CBS News MN

MINNEAPOLIS -- Minneapolis Public Schools on Friday notified parents that hackers who stole district data in a recent system breach released that information onto the dark web, where users are untraceable.

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03/22/2023

What if every American had the same Federal Reserve perks as banks?

AOL

In the aftermath of Silicon Valley Bank's failure earlier this month, the Federal Reserve announced it was further increasing its support for commercial banks, creating a plan that effectively backstopped all deposits, insured and uninsured, across the U.S. financial system.

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03/22/2023

Dirty Dozen: Watch out for scammers using email and text messages to try tricking people during tax season

IRS

WASHINGTON — With the filing deadline quickly approaching, the Internal Revenue Service today urged everyone to remain vigilant against email and text scams aimed at tricking taxpayers about refunds or tax issues.

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03/22/2023

What is ACH Fraud and How to Prevent It

Comply Advantage

The Automated Clearing House (ACH) network is a way of transferring money from one bank account to another. Supporting both credit and debit transfers, payments and withdrawals are sent to the clearing house where they await authorization before arriving at their final banking destination. In the US, this network is overseen by the National Automated Clearing House Association (NACHA).

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03/22/2023

New FCC rules require cell phone carriers to block scam texts

WTAJ News

WASHINGTON, D.C. (WTAJ) — New rules adopted by the Federal Communications Commission (FCC) now require cell phone carriers to block text messages from illegitimate phone numbers.

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03/22/2023

Thick as thieves: Secrets from convicted identity thieves

WFMZ

Millions of people are affected each year by identity theft. It’s big business for identity thieves and it’s getting worse.

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03/22/2023

J.P. Morgan Payments: AI Transforms Payments’ Tony Starks into Data-Driven Iron Men

PYMNTS

Artificial intelligence is helping payments executives become high-powered problem solvers.

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03/20/2023

Former Wells Fargo exec faces prison, will pay $17 million fine over fake accounts scandal

Reuters

WASHINGTON, March 15 (Reuters) - The former head of Wells Fargo's retail bank is facing prison time after agreeing to plead guilty to obstructing a bank examination in relation to the sweeping phony accounts scandal that roiled the bank in 2016.

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03/20/2023

Management Report: Continued Improvements Needed in the Bureau of the Fiscal Service's Information System Controls Related to the Schedule of Federal Debt

GAO

Treasury's Fiscal Service issues debt to borrow money for federal operations, and reports the debt on financial statements called the Schedules of Federal Debt.

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03/20/2023

Help identify the "Snake Bit" bandit wanted in 5 bank robberies

CBS News Colorado

The so-called Snake Bit bandit has robbed five banks in the Denver metro area and now authorities want your help to identify him.

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03/20/2023

Will FedNow’s July Launch Ignite Real-Time Payments in the US?

PYMNTS

The Federal Reserve’s FedNow real-time rail debut is imminent.

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03/20/2023

Cyber attack prompts Lansing Community College to cancel classes

The Detroit News

Lansing Community College said it is canceling classes and activities Thursday and Friday because of a cyber attack.

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03/20/2023

Storm Lake PD asking public assistance in check fraud case

Siouxland Proud

STORM LAKE, Iowa (KCAU) — Authorities in Storm Lake are asking the public for information involving fraud that happened Friday afternoon.

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03/20/2023

How to better protect accounts from bot intruders

Fast Company

The safety of customer data is very much at risk despite prodigious investments in cybersecurity.

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03/20/2023

The Week That Americans Watched a Bank Run in Real Time

PYMNTS

Back in 1960s through the 1980s, there was a TV show titled “That Was the Week that Was.”

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03/20/2023

‘Everything we had was gone’: Small business owner says he lost nearly $200,000 to wire transfer fraud

Click 2 Houston

It started with a call from what he thought was his bank’s fraud division.

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03/20/2023

Feds Charge NY Man as BreachForums Boss “Pompompurin”

Krebs on Security

The U.S. Federal Bureau of Investigation (FBI) this week arrested a New York man on suspicion of running BreachForums, a popular English-language cybercrime forum where some of the world biggest hacked databases routinely show up for sale. The forum’s administrator “Pompompurin” has been a thorn in the side of the FBI for years, and BreachForums is widely considered a reincarnation of RaidForums, a remarkably similar crime forum that the FBI infiltrated and dismantled in 2022.

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03/20/2023

OpenAI CEO cautions AI like ChatGPT could cause disinformation, cyber-attacks

Interesting Engineering

Society has a limited amount of time "to figure out how to react" and "regulate" AI, says Sam Altman.

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03/20/2023

Chinese Hackers Exploit Fortinet Zero-Day Flaw for Cyber Espionage Attack

The Hacker News

The zero-day exploitation of a now-patched medium-severity security flaw in the Fortinet FortiOS operating system has been linked to a suspected Chinese hacking group.

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03/20/2023

Dickinson’s fighting against cyber attacks with new service

KX News

DICKINSON, N.D. (KXNET) — Dickinson is getting some money to help fight cyber attacks in the area.

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03/20/2023

Man Sentenced to 90 Months for Identity Theft Scheme Spanning Nevada and Other Western States

2 News

Ryan M. Tichy, 43, of Seattle, was sentenced to 90 months in federal prison for his involvement in a wire fraud scheme in Nevada and other western state.

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03/20/2023

Why Mercedes Benz Is Building the Operating System for In-Car Payments

PYMNTS

The idea of the car as a software platform on wheels is not new. The idea of the car as a commerce operating system is. Mercedes Benz, which traces its history to 1886 and Karl Benz’s creation of the first combustion engine in Germany, is developing an in-house eCommerce ecosystem, complete with its own operating system.

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03/16/2023

10 more defendants charged in 'Feeding Our Future' fraud scheme

Kare 11

One defendant is accused of using federal meal program money to buy an aircraft, another is accused of buying a laundromat to launder money.

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03/16/2023

Two U.S. Men Charged in 2022 Hacking of DEA Portal

Krebs on Security

Two U.S. men have been charged with hacking into a U.S. Drug Enforcement Agency (DEA) online portal that taps into 16 different federal law enforcement databases.

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03/16/2023

Microsoft Patch Tuesday, March 2023 Edition

Krebs on Security

Microsoft on Tuesday released updates to quash at least 74 security bugs in its Windows operating systems and software. Two of those flaws are already being actively attacked, including an especially severe weakness in Microsoft Outlook that can be exploited without any user interaction.

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03/16/2023

Fraud Alert: We've identified $5.4 billion in potentially fraudulent pandemic loans using SSN data

Council of the Inspectors General on Integrity and Efficiency

We've identified $5.4 billion in potentially fraudulent pandemic loans.

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03/16/2023

Signature Bank, former CEO are sued by shareholders for fraud

Reuters

NEW YORK, March 14 (Reuters) - Signature Bank (SBNY.O) and three former top executives were sued on Tuesday by shareholders who accused the New York bank of fraudulently proclaiming it was financially strong a mere three days before it was seized by a state regulator.

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03/16/2023

FBI investigating Lincoln Park bank robbery

CBS Chicago

CHICAGO (CBS) -- The FBI and Chicago Police Department are investigating a bank safe that was emptied by thieves who apparently broke in through a nearby building.

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03/14/2023

St. Cloud, MN, Woman Pleads Guilty to Leading a Major Dangerous Drug Distribution Enterprise from Mexico

The United States Attorney's Office District of North Dakota

FARGO – United States Attorney Mac Schneider, District of North Dakota, announced that on March 13, 2023, Macalla Lee Knott a/k/a Kayla, age 30, from St. Cloud, MN, pled guilty in Federal Court in Fargo, ND, before Chief Judge Peter W. Welte, to the offenses of Conspiracy to Distribute Controlled Substances, Money Laundering Conspiracy and Continuing Criminal Enterprise (CCE). Sentencing is scheduled for August 7, 2023.

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03/14/2023

Silvergate Was a Payday for Short Sellers. They May Bear Some Blame for the Bank’s Collapse.

Barron's

The collapse of Silvergate Capital stock went gradually, then suddenly, delivering a sizable payday to bearish traders who had bet against the crypto-focused bank. These short sellers may also bear some responsibility for what happened.

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03/14/2023

Amazon-owned Ring reportedly suffers ransomware attack

CSO Online

Russia-linked ALPHV ransomware gang has threatened to leak the stolen data if the company refuses to pay the ransom.

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03/14/2023

No — HHS didn’t reach out about free grant money

FTC

Did you get a message from a friend on social media about a US Department of Health and Human Services (HHS) grant opportunity? Or from someone saying they were an HHS employee? Well…they weren’t who they said they were. They were a scammer.

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03/13/2023

Man says he was robbed at knifepoint after bank ATM withdrawal

The Scarsdale Inquirer

A man reported he was held up at knifepoint March 6 on S. Central Avenue by two unknown men. He said he’d just gone to a bank ATM where he withdrew $2,350. Shortly after, he pulled into a parking lot to do some paperwork.

Details >
03/13/2023

Who’s Behind the NetWire Remote Access Trojan?

Krebs on Security

A Croatian national has been arrested for allegedly operating NetWire, a Remote Access Trojan (RAT) marketed on cybercrime forums since 2012 as a stealthy way to spy on infected systems and siphon passwords.

Details >
03/13/2023

Minneapolis Public Schools says they will provide ID theft protection after breach

Fox 9 KMSP

MINNEAPOLIS (FOX 9) - In the district's latest update on an ongoing cybersecurity breach, Minneapolis Public Schools officials say they will provide credit monitoring protection for people who had personal information accessed.

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03/13/2023

FBI, CPD still searching for Chicago Loop bank robbery suspect who sparked downtown shootout

ABC 7 Eyewitness News

CHICAGO (WLS) -- Chicago police and the FBI are searching Friday for the suspect accused of robbing a bank at gunpoint in the Loop Thursday afternoon.

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03/13/2023

52 people charged with welfare fraud in Pennsylvania, Inspector General reports

WTAJ News

HARRISBURG, Pa. (WTAJ) — Charges have been filed against 52 people for welfare fraud in Pennsylvania, the Office of the State Inspector General (OSIG) announced.

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03/13/2023

Dole Foods Cyber Attack Shows Importance of Cyber Resilience

Government Technology

Preparedness is key for keeping operations moving in the event of a cyber incident, like when Dole Foods didn’t know it had been the victim of ransomware until customers complained they couldn’t find their favorite products.

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03/13/2023

Dark Web: The Good, Bad and Ugly of This Online Underworld

Jumpstart

The dark web is infamous for hosting illegal activities, but there are legitimate uses like combating censorship and protecting individuals

Details >
03/13/2023

AI Can Help Credit Unions Make Payments Smarter and Credit More Accessible

PYMNTS

Beyond the chatbots and hype, artificial intelligence has the potential to improve financial services.

Details >
03/13/2023

Merchants Shift Focus to ‘Good Guy’ Strategy to Fight Fraud and Boost Conversions

PYMNTS

The payments ecosystem spends 99% of its time and money on the 1% of the people who are out to exploit the system: the fraudsters. It’s now time to turn the tide.

Details >
03/12/2023

The Silicon Valley Bank Story No One Has Told

PYMNTS

It’s almost an eerie coincidence. Nearly three years to the day that the World Health Organization declared the novel Coronavirus a global pandemic, Silicon Valley Bank collapsed.

Details >
03/12/2023

Utah bank robber steals $1, demands to go to federal prison: report

Fox 6 Milwaukee

A suspected bank robber in Utah demanded $1 from a bank teller Monday and waited for police officers to arrive because he wanted to be jailed in federal prison.

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03/12/2023

Duluth nonprofit director guilty of money laundering

Ground.news

Charles Emeka Obije, 40, of Duluth, pleaded guilty Tuesday to conspiracy to commit international money laundering.

Details >
03/08/2023

Charges: Attorney-in-fact used elderly woman’s money for personal pleasure, expenses

Southern MN News

A Mankato woman is accused of using her powers of attorney to swindle an elderly woman out of more than $5,000.

Details >
03/08/2023

FTX Crypto Bankruptcy Filing Shows $8.6 Billion Shortfall

PYMNTS

If FTX was founder Sam Bankman-Fried’s alleged personal piggy bank, it wasn’t refilled.

Details >
03/08/2023

Treasury arm warns of surging mail theft and check fraud

The Daily News Galveston County

An arm of the U.S. Treasury late last month issued an alert to financial institutions about a nationwide surge in mail-theft related check fraud schemes targeting carriers such as the U.S. Postal Service.

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03/08/2023

Account takeover attacks possible with Booking.com vulnerabilities

SC Media

SiliconAngle reports that Booking Holdings' online travel agency Booking.com had several critical security flaws within its implementation of the OAuth functionality, which could be leveraged to achieve widespread account takeovers and server breaches.

Details >
03/08/2023

Suspected bank robber faces charges for trying to shoot, disarm Joliet police officers

CBS Chicago

CHICAGO (CBS) – A man suspected of a bank robbery is facing multiple charges stemming from an incident last month in which he allegedly tried to shoot and disarm Joliet police officers who arrested him.

Details >
03/08/2023

Sued by Meta, Freenom Halts Domain Registrations

Krebs on Security

The domain name registrar Freenom, whose free domain names have long been a draw for spammers and phishers, has stopped allowing new domain name registrations.

Details >
03/06/2023

ATM thieves use glue and "Tap" function to drain accounts at Chase Bank

ABC 7 Chicago

SAN FRANCISCO -- ATMs provide great convenience -- but they're also longtime targets of thieves.

Details >
03/06/2023

AARP scam alert: National Consumer Protection Week

Wiscasset Newspaper

It’s National Consumer Protection Week —and while AARP is focused on protecting consumers year-round – this is a good time to highlight some key consumer protection tips.

Details >
03/06/2023

Most Targeted Industries for Cyber Attacks

Cyber Kendra

Cyber attacks are on the rise, and the costs of such attacks can be significant. According to a recent study, the average cost of a data breach is over $3.8 million, with costs increasing by 10% each year.

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03/06/2023

More Than Half of Bank Consumers Want Better Transaction Security

PYMNTS

As authentication technologies evolve and consumer awareness of security measures grows, retail banking customers demand more secure and user-friendly online identity verification.

Details >
03/06/2023

Crypto Winter Didn’t Chill Fraudsters Ability to Score $20 Billion in 2022

PYMNTS

Even the criminals have felt the chill of the crypto winter.

Details >
03/05/2023

'Check washing' is gaining popularity across SE Wisconsin as criminals break into mailboxes to steal banking information

CBS 58

KENOSHA, Wis. (CBS 58) -- Check washing is the latest, ruthless trend criminals are taking part in. It's happening across the country, and CBS 58 has heard from many businesses and individuals who've experienced it here in SE Wisconsin recently.

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03/05/2023

It’s been an ugly six months for identity theft and data breaches

Biometric Update

A look back at U.S. security debacles in 2022, combined with a “major incident” this year, is doing nothing to make Americans feel good about the safety of the biometric data they share.

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03/05/2023

Highlights from the New U.S. Cybersecurity Strategy

Krebs on Security

The Biden administration today issued its vision for beefing up the nation’s collective cybersecurity posture, including calls for legislation establishing liability for software products and services that are sold with little regard for security.

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03/05/2023

Modern Treasury Launches ‘Global ACH’ With Silicon Valley Bank Signing On

PYMNTS

San Francisco-based financial services platform Modern Treasury is introducing a product called “Global ACH” which it bills as “a new payment service” that enables lower-cost cross-border transfers than options like SWIFT by utilizing local payment rails.

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03/05/2023

Digital-First Banks Well-Positioned to Win Small Business Hearts and Minds

PYMNTS

Traditional FIs are at risk of losing their business banking relationships — especially with smaller firms.

Details >
03/05/2023

White House Wants $1.6B to Attack Identity Theft, Fraud

MeriTalk

The Biden-Harris administration released a three-part proposal on March 2 asking Congress for $1.6 billion to help provide Federal agencies and local governments with more funding to handle pandemic-related fraud claims, modernize identity verification systems, and support victims of identity theft.

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03/05/2023

The Dangerous Role Personal Email Plays In Account Takeovers

Forbes

Kasada CTO, stopping bot attacks that others can't stop with novel mitigation techniques that beat cybercriminals at their own game.

Details >
03/05/2023

Critical Vulnerabilities Allowed Booking.com Account Takeover

Security Week

Booking.com recently patched several vulnerabilities that could have been exploited to take control of a user’s account.

Details >
03/05/2023

Seven red flags that your tax preparer is a fraud

The Washngton Post

Your preparer could even try to ‘ghost’ you, leaving you to handle the IRS on your own.

Details >
03/05/2023

FinCEN Warns of Surging Check Fraud

JD Supra

On February 28, the Financial Crimes Enforcement Network of the U.S. Department of Treasury (FinCEN) issued an alert warning financial institutions to be vigilant in identifying and reporting check fraud schemes targeting the U.S. Mail.

Details >
03/03/2023

Cryptocurrency ATM Company CEO Arrested in Miami Beach on Warrant for Conspiracy, Money Laundering

NBC Miami

The CEO of a cryptocurrency ATM company was arrested in Miami Beach on an Ohio warrant that accused him of conspiracy, money laundering and other charges.

Details >
03/01/2023

AI Becomes the Human-Machine Bridge That Makes Payments Safe and Smart

PYMNTS

As the world buzzes about ChatGPT, the payments and financial sectors are already sizing up advanced new artificial intelligence (AI) tools relating to how they can move from parsing vast amounts of data instantly to detecting fraud to having human-like service interactions.

Details >
03/01/2023

Hackers Claim They Breached T-Mobile More Than 100 Times in 2022

Krebs on Security

Three different cybercriminal groups claimed access to internal networks at communications giant T-Mobile in more than 100 separate incidents throughout 2022, new data suggests.

Details >
03/01/2023

Sweetwater School District System Outage Due to Cyber Attack

Government Technology

The largest secondary school district in California shut down its Internet and student information system after noticing problems with Microsoft systems. It will take weeks to confirm whether personal information was compromised.

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03/01/2023

Supreme Court Seems Skeptical of Broad Sweep of Identity Theft Law

The New York Times

Using examples drawn from valet parking and restaurant meals, the justices indicated that a federal law imposing mandatory two-year sentences should be read narrowly.

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03/01/2023

FinCEN Alert on Nationwide Surge in Mail Theft-Related Check Fraud Schemes Targeting the U.S. Mail

Financial Crimes Enforcement Network

WASHINGTON—The Financial Crimes Enforcement Network (FinCEN) is issuing an alert to financial institutions on the nationwide surge in check fraud schemes targeting the U.S. Mail. Fraud, including check fraud, is the largest source of illicit proceeds in the United States and is one of the anti-money laundering/countering the financing of terrorism (AML/CFT) National Priorities.

Details >
03/01/2023

Connecticut insurance firm owner pleads guilty to $40 million fraud scheme

Insurance Business Magazine

A Fairfield County, CT man who co-owns an insurance company has admitted to committing a $40 million insurance fraud through his own firm.

Details >
03/01/2023

Former Bank Employee Convicted After Trial for Fraudulently Opening Bank Accounts

US Attorney's Office District of Maryland

Greenbelt, Maryland – A federal jury in Maryland has convicted Diape Seck, age 29, of Rockville, Maryland for his role in a bank fraud scheme in which he and his co-conspirators obtained or attempted to obtain almost $2 million by fraud, including by stealing checks from the mail of churches and religious institutions. The guilty verdict was returned late on February 24, 2023.

Details >
03/01/2023

‘Check washing’ scam using stolen mail costing central Ohioans

NBC 4

LANCASTER, Ohio (WCMH) — Law enforcement agencies across central Ohio are warning people to take steps to protect their bank accounts after a string of mail thefts across the area.

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03/01/2023

Men accused of forging more than $750K in money orders

The Shelby Star

A Shelby man, along with three others from Charlotte, is accused of cashing in on fake money orders to gain more than $750,000.

Details >
02/27/2023

Who’s Behind the Botnet-Based Service BHProxies?

Krebs on Security

A security firm has discovered that a six-year-old crafty botnet known as Mylobot appears to be powering a residential proxy service called BHProxies, which offers paying customers the ability to route their web traffic anonymously through compromised computers.

Details >
02/27/2023

The Most Common Types of Payment Fraud and How to Detect Them

Tech Bullion

Payment fraud has become an increasingly prevalent problem in today’s digital age. With the rise of online transactions and mobile payments, fraudsters have found new ways to exploit vulnerabilities and defraud unsuspecting victims.

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02/27/2023

33% of US Retailers Plan to Add Real-Time Payments

PYMNTS

After three tumultuous years leading to a very uncertain 2023, retailers are innovating in key areas to improve customer journeys with advanced data approaches and real-time payments.

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02/27/2023

What 500 CFOs Now Say Is Their 2023 Top Payments Priority

PYMNTS

Businesses have dealt with unprecedented change in recent years and are preparing for what comes next. With the near-term economic outlook uncertain, many are reconsidering the distribution of their technology spending.

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02/27/2023

Briefs Industry Food producer Dole confirms ransomware attack

The Record

Fresh fruit and vegetables producer Dole confirmed late Wednesday that it had been hit by a ransomware attack, following a report that a cyber incident forced it to shut down some production facilities.

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02/27/2023

When Low-Tech Hacks Cause High-Impact Breaches

Krebs on Security

Web hosting giant GoDaddy made headlines this month when it disclosed that a multi-year breach allowed intruders to steal company source code, siphon customer and employee login credentials, and foist malware on customer websites.

Details >
02/27/2023

Two Nigerian citizens indicted for attempting to defraud the United States of over $25 million

U.S. Attorney's Office Western District of Washington

Defendants used thousands of stolen identities to obtain over $2.4 million in fraudulent COVID-19 unemployment benefits

Details >
02/27/2023

GROUP MADE $3 MILLION IN BANK FRAUD SCHEME INVOLVING STOLEN MAIL

News Maven

A $3 million bank fraud scheme in Charlotte, NC just sent Terrell Freeman, 35, Joshua Monteith, 32, and Yanalise Hodge, 23, to prison. The scheme involved stolen checks and mail. The suspects were sentenced to prison on September 20, 2022.

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02/26/2023

Apple iPhone thieves using simple trick to take everything, report finds

Yahoo

iPhone thieves who spied on a victim's passcode before stealing the Apple device can easily reset settings preventing its owner from accessing it.

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02/26/2023

Dish Network hit by multi-day internal outage, in possible cyber attack

Data Center Dynamics

Dish Network's websites, apps, and internal systems are offline in a multi-day outage.

Details >
02/26/2023

Victims of $55 million fraud urged to contact federal officials after Florida man pleads guilty

3 News Now Omaha

A Florida man pleaded guilty Friday for his part in an investment fraud scheme that defrauded more than 10,000 victims nationwide of over $55 million.

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02/23/2023

Banks caught up in massive bank fraud begin to show temporary losses

The Nebraska Examiner

Six banks and savings and loans who loaned money due to false financial statements reported losses in 4th quarter

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02/23/2023

The renewed rise of check fraud

The Week

Check fraud is not new, and financial plots have been around in the United States for centuries. But what has caused the renewed uptick in check fraud in recent years, and what can be done about it?

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02/23/2023

Lawmakers Announce Plan to Cut Down on Robocall

NBC Connecticut

Some Connecticut officials have a plan to cutdown on robocalls in hopes of protecting residents from falling victim to scams and being inundated with unwanted calls and also place limits on telemarketing calls.

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02/23/2023

How To Protect Your Personal Information From Data Breaches And Identity Theft?

Big News Network

With the rise of data breaches and hacks, it's more important than ever to protect your personal information.

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02/23/2023

Forgo fraud this tax season: IRS-CI issues tips to protect your wallet, identity

Wyoming News Now

Tax season kicked off Jan. 23, and IRS Criminal Investigation (IRS-CI) reminds U.S. taxpayers to take extra steps to protect their identities and wallets when filing their taxes. “Education and outreach are key to preventing tax fraud,” said IRS-CI Chief Jim Lee. “If U.S. taxpayers know what to lookout for, they can avoid falling victim to the latest tax fraud scheme.” Forgo fraud this filing season:

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02/23/2023

7 reasons to avoid investing in cyber insurance

CSO Online

Increasing complexity within the cyber insurance market is raising questions over its viability as a business investment. Here are 7 reasons why an organization may be advised to avoid or delay investing in insurance.

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02/23/2023

Help us Slam the Scam

Social Security Administration

On National Slam the Scam Day and throughout the year, we give you the tools to recognize Social Security-related scams and stop scammers from stealing your money and personal information. Share scam information with your loved ones. Slam the Scam!

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02/20/2023

FTC to voice service provider: give the robocalls a rest

FTC

Tired of getting endless robocalls? We are too. Robocalls aren’t just a pain to get, they’re often pushing scams for things like fake auto warranties and debt relief.

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02/20/2023

Tax Season Best Practices to Avoid Identity Fraud – 2023

CPA Practice Advisor

To fight identity fraud and cybercrime, tax preparers and filers must collaborate and adopt effective methods to secure their data and financial resources.

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02/20/2023

Bomb threat robbery suspect plans to plead guilty

Keloland.com

SIOUX FALLS, S.D. (KELO) — The man, who claimed to have a bomb during a Sioux Falls bank robbery last summer, plans to enter a guilty plea next month.

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02/20/2023

Cherry Hill residents are being targeted by an FBI phone scam

Philly Voice

Callers are saying that there’s a federal warrant out for potential victim's arrest, which will be thrown out if they make a payment

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02/20/2023

GoDaddy Suffers Multi-Year Cyber Attack Resulting in Theft of Source Code

Itechpost

GoDaddy has been subjected to a system breach that appears to have been going on for years. The hackers stole the company's source code and installed malware on its servers, leaving its customers vulnerable to malware.

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02/20/2023

Boulder County recovers $238,000 it lost in scam

CBS News

A Boulder County Sheriff's Office detective traced nearly a quarter of a million dollars which the county lost last year in a "spearfishing" scam and recovered the entire amount.

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02/20/2023

Orange County woman’s 6-month gambling spree at Wynn Las Vegas funded by $10M fraud scheme, lawsuit alleges

KTLA 5

An Orange County woman is facing claims that she funded a six-month gambling spree at the Wynn Las Vegas last year using a $10 million fraud scheme.

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02/17/2023

DDoS Attacks Continue to Threaten Healthcare Cybersecurity

Health IT Security

HC3’s latest brief shed light on the threat of Distributed Denial of Service (DDoS) attacks on healthcare cybersecurity, noting that they may have “detrimental impact on the ability to provide care.”

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02/17/2023

New Protections for Food Benefits Stolen by Skimmers

Krebs on Security

Millions of Americans receiving food assistance benefits just earned a new right that they can’t yet enforce: The right to be reimbursed if funds on their Electronic Benefit Transfer (EBT) cards are stolen by card skimming devices secretly installed at cash machines and grocery store checkout lanes.

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02/17/2023

Home health nurse charged after stealing 30,000 dollars from elderly man

Lootpress

NICHOLAS COUNTY, WV (LOOTPRESS) – An in-home nurse for Central Aging Solutions is facing charges after stealing from a man she was caring for.

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02/17/2023

Decatur woman indicted for stealing nearly $100,000 from elderly neighbor

News 19

DECATUR, Ala. (WHNT) — A 54-year-old Decatur woman has been indicted by a Morgan County Grand Jury for identity theft and for allegedly writing numerous checks to herself totaling nearly $100,000.

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02/17/2023

Dalton Police Seek Information On Woman Who Used Fake ID To Steal $7,000

Chattanoogan.com

The Dalton Police Department is asking for the public's help to identify a woman who used stolen bank account information and a fake ID to steal $7,000 from a local bank branch.

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02/17/2023

Amery Woman Sentenced to 18 Months for Stealing More Than $500,000 from Special Needs Trust

US Attorney's Office Western District of Wisconsin

MADISON, WIS. – Timothy M. O’Shea, United States Attorney for the Western District of Wisconsin, announced that Sarah Anne Tischer, 43, Amery, Wisconsin was sentenced yesterday by Chief U.S. District Judge James D. Peterson to 18 months in federal prison for wire fraud.

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02/16/2023

Incoming Payments Fraud Poses ‘Silent Threat’ to Bottom Lines

PYMNTS

Put up $2, and you can score $100 million. Incoming payments are the new attack vector.

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02/15/2023

Man accused of using phony ID at Oak Harbor bank

Whidbey News Times

Sharp-eyed employees at an Oak Harbor bank helped police catch a man who has allegedly been traveling the country and using phony IDs to steal from unsuspecting residents, according to court records.

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02/15/2023

Microsoft Patch Tuesday, February 2023 Edition

Krebs on Security

Microsoft is sending the world a whole bunch of love today, in the form of patches to plug dozens of security holes in its Windows operating systems and other software.

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02/15/2023

Florida Man Sentenced to Prison for Role in Nationwide “Felony Lane Gang” Conspiracy

US Attorney's Office Northern District of New York

ALBANY, NEW YORK – Tyrone Parker, age 41, of Fort Lauderdale, Florida, was sentenced today to 57 months in prison after previously pleading guilty to conspiracy to commit bank fraud and aggravated identity theft.

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02/15/2023

Romance and Imposter Scams Increasingly Targeting Military

PR Newswire

USAA and the Federal Trade Commission Report an 80% increase in cases over two years

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02/15/2023

TPD links man to four bank robberies

WCTV

TALLAHASSEE, Fla. (WCTV) - The Tallahassee Police Department arrested a suspect accused of holding up four different banks at gunpoint in recent months.

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02/15/2023

Man pleads guilty in Bismarck bank robbery

KFYR TV

BISMARCK, N.D. (KFYR) - A 30-year-old has entered a guilty plea for robbing a Bismarck bank.

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02/15/2023

Worse Than Spy Balloons? Taiwan Is More Concerned With Chinese Hacking

Bloomberg

There’s something worse than a spy balloon. But first…

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02/14/2023

Phishing Surges Ahead, as ChatGPT & AI Loom

Dark Reading

AI and phishing-as-a-service (PaaS) kits are making it easier for threat actors to create malicious email campaigns, which continue to target high-volume applications using popular brand names.

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02/14/2023

Cost of an email-borne security attack can on average exceed US$1 million

Intelligent CIO

An international study from Barracuda Networks shows that 69% of successful ransomware attacks start with an email. Barracuda Networks, a trusted partner and leading provider of cloud-first security solutions, has published its 2023 Email Security Trends report that shows how email-based security attacks affect organisations around the world.

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02/14/2023

Scam victims getting checks from $125M settlement

WTNH

(WXIN) — If you were a victim of a scam and paid money through MoneyGram, you may be getting your money back.

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02/14/2023

Minnesota Men Charged in Fake Dating Scheme Targeting the Elderly Read More: Minnesota Men Charged in Fake Dating Scheme Targeting the Elderly

WJON

MINNEAPOLIS (WJON News) -- Two Minnesota men are facing charges in a $3.5 million scheme that targeted elderly internet users.

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02/14/2023

Woman Used Identities of Dead People to Defraud U.S., Officials Say

The New York Times

A “lifelong thief and fraudster” from Chicago stole the identities of dozens, including murder victims, and defrauded the government of tax refunds and stimulus money, according to court records.

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02/14/2023

Credit card fraud hits 10-year high

altfi.com

Fraud levels skyrocketed in the final quarter of 2022 as consumers looked to borrow to cover Christmas costs.

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02/14/2023

New cybercrime group calling itself DarkBit attacks Israeli university

Cyberscoop

It's not yet clear who is behind the group, but the name could have connections to other ransomware variants such as DarkSide and LockBit.

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02/14/2023

Russian hackers ‘disrupt Turkey-Syria earthquake aid’ in cyber attack on Nato

Independent

Russian hackers launched a cyber attack on Nato which disrupted communication with an aircraft providing earthquake aid to Turkey and Syria, according to reports.

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02/14/2023

Galileo on Why the Time for Real-Time Is Now

PYMNTS

Banks occupy a unique position in the payments universe.

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02/14/2023

Pay.UK on Striking the Balance Between Fast and Friction in Stopping UK Fraud Epidemic

PYMNTS

The U.K. has been experiencing a widespread payments fraud epidemic in recent years.

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02/14/2023

How AI Use Cases in Payments Are Moving Beyond Fraud

PYMNTS

As artificial intelligence (AI) gets smarter — as it’s designed to do over time and as usage increases — there are more places in the payment and connected economy ecosystems where it can have profound impacts from payments to fraud mitigation to customer service.

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02/13/2023

Nigerian Man Sentenced to Over 11 Years in Federal Prison for Conspiring to Launder Tens of Millions of Dollars from Online Scams

U.S. Attorney's Office District of California

Criminal Known Online as ‘Ray Hushpuppi’ Laundered Proceeds of School Financing Scam, Business Email Compromise Fraud and Other Cyber Schemes

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02/10/2023

Teenage boy used replica gun to rob downtown Gresham bank

The Outlook Online

A teenager was arrested in connection to an “armed” bank robbery that took place earlier this week in downtown Gresham.

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02/10/2023

Kidnapped and threatened with dynamite, bank manager forced to commit $360,000 robbery to save her daughter's life

CBS News

In November 2000, Michelle Renee, a bank manager, was held hostage with her 7-year-old daughter Breea and forced to rob the bank where she worked in Vista, California. Take a look behind the scenes at some evidence that helped investigators solve the case.

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02/10/2023

Over $115 million goes to MoneyGram users who paid scammers

FTC

Most of the time, if you send money to a scammer with a wire transfer, you don’t get money back.

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02/10/2023

Digital ID and KYC Platforms Potent Weapons Against Accounts Receivable Fraud

PYMNTS

Not knowing who’s on the other side of the transaction is expensive.

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02/09/2023

U.S., U.K. Sanction 7 Men Tied to Trickbot Hacking Group

Krebs on Security

Authorities in the United States and United Kingdom today levied financial sanctions against seven men accused of operating “Trickbot,” a cybercrime-as-a-service platform based in Russia that has enabled countless ransomware attacks and bank account takeovers since its debut in 2016.

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02/09/2023

Man Tied to ‘Romance Scam’ Fraud Sentenced to 7 Years in Prison

WTTW

A Chicago resident who fled the country after being charged in connection with a multimillion-dollar “romance fraud” scheme has been sentenced to more than seven years in federal prison.

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02/09/2023

Modern romance scams include deep background checks, US bank accounts & organized crime rings

KTIV Sioux City IA

SIOUX CITY (KTIV) - When folks are looking for love, they need to watch out for cyber criminals trying to scam them. According to FBI data, more than 19,000 Americans were victims of “romance scams” last year, totaling over $700 million in lost money.

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02/09/2023

Financial Institutions are Suffering from Increasingly Sophisticated Cyber Attacks, Which Require a Defensive Paradigm Shift, According to the Cyber Bank Heists Report Released by Contrast Security

PR News Wire

LOS ALTOS, Calif., Feb. 7, 2023 /PRNewswire/ -- Contrast Security (Contrast), the code security platform built for developers and trusted by security, today released its Cyber Bank Heists report, an annual report that exposes the cybersecurity threats facing the financial sector.

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02/08/2023

Google Pay Ditches the CVV With Virtual Card Numbers for Amex Holders

PYMNTS.com

Autofill solved a lot of problems for eCommerce — especially friction at checkout.

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02/08/2023

‘Hey Siri’: Troy police say man used iPhone voice feature from back of patrol car to set his alibi

Fox 2

TROY, Mich. (FOX 2) - Troy Police said a man who was arrested for identity theft was able to make phone calls from his iPhone using the ‘Hey Siri’ voice function while sitting in the back of a patrol car.

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02/08/2023

Attempted Grand Larceny / East Meadow

Nassau County Police Department NY

The Third Squad reports the details of an Attempted Grand Larceny that occurred on Monday, February 6, 2023, at 1:30 AM in East Meadow.

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02/08/2023

Sheriff frustrated with no bail release of serial bank robbery suspect

8 News Now

LAS VEGAS (KLAS) — Clark County Sheriff Kevin McMahill expressed his displeasure with the recent jail release of an alleged serial bank robber who, along with an accomplice, is accused of either robbing or attempting to rob nine Las Vegas and Henderson banks in a 20-day period.

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02/08/2023

Congress passes Financial Exploitation Prevention Act; Who will benefit from it?

Blogging Big Blue

The Financial Exploitation Prevention Act of 2023, introduced by Rep. Ann Wagner, R-Mo., Chairwoman of the House Financial Services Subcommittee on Capital Markets, was approved by the House late on Monday, to protect seniors by establishing “a buffer between financial transactions if fraud is suspected.”

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02/08/2023

Scamming of senior citizens causes push for elderly protection bill

95.3MNC Radio

You’ve seen stories about scammers all the time. They get creative in how they try to hoodwink you into giving them your money.

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02/08/2023

Hackers Breached Multiple Federal Agencies via Remote Monitoring and Management Software

CPO Magazine

U.S. federal agencies identified a widespread cyber campaign leveraging legitimate remote monitoring and management software to compromise federal networks.

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02/08/2023

Counterfeit 100 Bills

Douglas County Sheriff's Office

In the last week, a bar in Douglas County, Minnesota, received $500 in fake $100 bills. The bills in question were passed while buying pull tabs.

Details >
02/06/2023

How Zelle Scams Work and How to Protect Against Them

Make Use of

Zelle makes sending money to friends, family members, and selected small businesses easy and convenient.

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02/06/2023

Why Russia's cyber-attacks have fallen flat

Mint - The Economist

Wars are testbeds for new technology. The Korean war saw jet fighters employed at scale for the first time. Israel pioneered the use of drones as radar decoys in its war with Egypt in 1973.

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02/06/2023

FedNow Says Features Will Help FIs ‘Raise the Bar’ on Fraud Management

PYMNTS

The Federal Reserve’s FedNowsm Service, a new instant payments infrastructure for the nation’s financial institutions (FIs), is expected to catalyze broad access to instant payments for consumers and businesses. When it launches later this year, the 24/7 service will come equipped to support popular use cases such as account-to-account (A2A) transfers and bill pay, in addition to features that help mitigate fraud.

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02/06/2023

Emergency Relief Funds: Significant Improvements Are Needed to Address Fraud and Improper Payments

U.S. Government Accountability Office

The federal government distributed funds quickly during the COVID-19 pandemic. This led to an increase in fraud and other "improper payments"—payments that shouldn't have been made or were made in the incorrect amount. The extent of fraud in COVID-relief programs is not yet known but our estimate suggests that one program, Unemployment Insurance, made over $60 billion in fraudulent payments.

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02/06/2023

How ransomware works — and why cyber attacks are hitting schools

KGUN 9

TUCSON, Ariz. (KGUN) — Ransomware, as the name implies, is a digital way of holding your information hostage.

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02/06/2023

FTC fines GoodRx for unauthorized sharing of health data

Federal News Network

In a first-of-its-kind enforcement, the Federal Trade Commission has imposed a $1.5 million penalty on telehealth and prescription drug discount provider GoodRx Holdings Inc. for sharing users’ personal health data with Facebook, Google and other third parties without their consent.

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02/06/2023

Area banks and FTC look to educate consumers during identity theft awareness week

Manistee News

This week was Identity Theft Awareness Week from the Federal Trade Commission and local banks and credit unions were looking to spread that awareness too.

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02/06/2023

Feds say cyberattack caused outage of 988 suicide helplines in US

Business Standard

The attack occurred on the network for Intrado, the company that provides telecommunications services for the helpline

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02/05/2023

‘I like freaked out’: Woman says changes to her phone bill she didn’t approve cost her thousands

WFTV

POINCIANA, Fla. — A woman in Poinciana contacted Action 9 claiming she was the victim of a different kind of cellular fraud, where scammers charged her wireless account for new lines and thousands of dollars in new iPhones.

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02/05/2023

Finland’s Most-Wanted Hacker Nabbed in France

Krebs on Security

Julius “Zeekill” Kivimäki, a 25-year-old Finnish man charged with extorting a local online psychotherapy practice and leaking therapy notes for more than 22,000 patients online, was arrested this week in France.

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02/03/2023

Newspaper delivery worker arrested after allegedly stealing $10,000 in altered checks from mailboxes

News 8000

MADISON, Wis. -- The Dane County Sheriff's Office says it has arrested a newspaper delivery worker for allegedly stealing thousands of dollars' worth of checks from mailboxes on his route.

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02/03/2023

Credit check: Thieves are swiping hundreds of thousands in campaign cash from members of Congress

Washington Examiner

Several members of Congress have been targeted by thieves who nabbed hundreds of thousands of dollars combined from their campaign accounts as fraudsters and cybercriminals continue to exploit entities involved in federal systems for major gains, according to Federal Election Commission filings reviewed by the Washington Examiner.

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02/03/2023

Nelson County detectives break up bogus check scam, put 2 behind bars

WLKY

Investigators believe the man behind the scheme, who worked with his girlfriend, has likely been doing it across the country for years.

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02/03/2023

Online nanny scam costs college student thousands

WBRZ 2

BATON ROUGE - A woman answered an online ad for a nanny job but it turned out to be a scam. Now she's in debt. Lundin Bellow contacted 2 On Your Side to warn others about the red flags she missed so they don't end up in the same situation.

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02/01/2023

Woman defrauded banks out of $32,000, say Windsor police

Windsor Star

Windsor police are hoping the public can help identify a woman who stole $32,000 from banks with the use of a fake driver’s licence.

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02/01/2023

House passes bill to protect elderly, vulnerable Americans from financial exploitation

Fox Business

The House on Monday passed a bipartisan bill that aims to prevent the financial exploitation of elderly and disabled Americans by scammers amid a surge in such crimes that have impacted one in five senior citizens.

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01/31/2023

Pay Attention to the Human Cost of Identity Fraud

ALM Credit Union Times

Millions of words have been written about the financial cost of identity fraud, for both the financial institution and the victim – and for good reason. In 2021 identity fraud cost U.S. businesses an estimated $52 billion, according to Javelin Strategy & Research.

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01/31/2023

U.S. watchdog identifies $5.4 billion in potentially fraudulent COVID-19 loans

Reuters

WASHINGTON, Jan 30 (Reuters) - The U.S. government likely awarded about $5.4 billion in COVID-19 aid to people with questionable Social Security numbers, a federal watchdog said in a report released on Monday.

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01/31/2023

Update your Facebook, Instagram security settings after this major bug!

SAMAA

Facebook and Instagram users were left vulnerable to account takeover attacks due to a bug in a new centralized system created by Meta.

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01/31/2023

Mailbox thefts leading to check fraud a growing trend in Madison area, authorities say

Madison.com

Mailbox thefts leading to check fraud is a growing trend in the Madison area, authorities reported.

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01/31/2023

75% of Businesses Know They Need Better Digital Fraud Tools

PYMNTS

Automated fraud-fighting systems have proven successful, although data suggests that firms planning in-house solutions may encounter unexpected headaches.

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01/30/2023

Pro-Russian hackers claim responsibility for cyber attacks on U.S. hospitals

Yahoo News

A pro-Russian hacking group is claiming responsibility for cyberattacks on several hospitals in the United States.

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01/30/2023

JD Sports hit by cyber-attack that leaked 10m customers’ data

The Guardian

The fashion retailer JD Sports said the personal and financial information of 10 million customers was potentially accessed by hackers in a cyber-attack.

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01/30/2023

Can I Change My Social Security Number?

CNET

It's possible to get a new Social Security number. But it's not easy or necessarily advisable.

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01/30/2023

Houston police say ‘sharp dressed man' in hat and dark suit wanted in 2 bank robberies

Fox News

Houston police are looking for a "sharp dressed" man caught on camera in two bank robberies this month.

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01/30/2023

Prevent advanced ransomware attacks with good email security

Cyber Security Hub

A deep dive into why email security is main factor and used to protect against advanced cyber-attacks, how ransomware attacks are evolving and how to overcome changing threats

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01/30/2023

Ukraine Hit with New Golang-based 'SwiftSlicer' Wiper Malware in Latest Cyber Attack

The Hacker News

Ukraine has come under a fresh cyber onslaught from Russia that involved the deployment of a previously undocumented Golang-based data wiper dubbed SwiftSlicer.

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01/30/2023

Medical identity theft: Why your medical records make scammers big bucks

WJBF.com

(WSPA) – We have reported on many scams that can affect your wallet, but one alarming trend can impact your money and your health: medical identity theft.

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01/30/2023

If Your Social Security Number Is Stolen, Here's What You Can Do

Cnet.com

Learn how to prevent identity theft and what you can do if it happens.

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01/30/2023

Woman Admits Stealing Info in Check Fraud Schem

Warwick Post

PROVIDENCE – A former bank employee has admitted to a federal judge that she stole the banking information of people and businesses, giving it to co-conspirators for check fraud, announced United States Attorney Zachary A. Cunha.

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01/30/2023

Omaha police arrest two suspected bank robbers

6 News WOWT

OMAHA, Neb. (WOWT) - Two suspected bank robbers were arrested early Friday morning in Omaha.

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01/30/2023

Dutchess County Issues Scam Warning About Latest EBT Card Skimming

WRRV Radio

Dutchess County Government issued a statement urging residents to protect their EBT Benefits against thieves.

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01/30/2023

Network Security Threats and Defenses: A 2023 Guide

Tripwire

What Is Network Security? Network security is a broad field, encompassing various processes, policies, rules, standards, frameworks, software, and hardware solutions. Its primary goal is to protect a network and its data from various threats, including intrusions and breaches.

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01/28/2023

ID Fusion: See the Forest Through the Trees

Security Boulevard

In the identity theft protection world, consumers’ personal information is monitored for exposure on the deep and dark web, and the results often come through as a series of disjointed data points.

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01/28/2023

Armed Bank Robbery Under Investigation In Naperville

Patch

Police say the suspect fled in a car after robbing a bank on Diehl Road Friday.

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01/28/2023

Omaha police arrest two suspected bank robbers

WOWT 6 News

OMAHA, Neb. (WOWT) - Two suspected bank robbers were arrested early Friday morning in Omaha.

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01/28/2023

Former IRS Employee Found Guilty on All Counts in Scheme to Defraud IRS and Commit Identity Theft

U.S. Attorney's Office Eastern District of California

FRESNO, Calif. — After a three–day trial, a federal jury found Deena Vang Lee, 41, of Fresno, guilty yesterday of three counts of wire fraud, two counts of aggravated identity theft, five counts of preparing and presenting false and fraudulent returns, and three counts of making and subscribing a false and fraudulent tax return, U.S. Attorney Phillip A. Talbert announced.

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01/28/2023

Medical identity theft: Why your medical records make scammers big bucks

WSPA

(WSPA) – We have reported on a lot of scams that can affect your wallet, but one alarming trend can impact both your money and your health: medical identity theft.

Details >
01/28/2023

Mail, check fraud growing in Madison area

Spectrum News 1

MADISON, Wis. — Mail and check fraud is becoming a growing trend in the Madison area, according to Crime Stoppers.

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01/27/2023

Armored truck robbed at gunpoint at 79th and Capitol

Yahoo News

At approximately 8:15 this morning the Milwaukee Police Department responded to a robbery of an armored vehicle on the 7900 block of W. Capitol Drive.

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01/27/2023

Washington robbers drive away empty-handed after hitting roadblock in would-be ATM heist

Yahoo News

Deputies in Washington are searching for two men who were caught on a security camera attempting to break into an ATM located at a gas station.

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01/27/2023

HSI El Paso arrests local woman for wire fraud, impersonation of federal employee

U.S. Immigration and Customs Enforcement

EL PASO, Texas – Homeland Security Investigations (HSI) special agents arrested a local woman Jan. 23 on criminal charges related to her alleged wire fraud and impersonation of a federal employee.

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01/27/2023

U.S. Department of Justice Disrupts Hive Ransomware Variant

U.S. Department of Justice

The Justice Department announced today its months-long disruption campaign against the Hive ransomware group that has targeted more than 1,500 victims in over 80 countries around the world, including hospitals, school districts, financial firms, and critical infrastructure.

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01/26/2023

Cedar Falls Man Sentenced to Federal Prison in Check Kiting Scheme

U.S. Attorney's Office Northern District of Iowa

A Cedar Falls man who kited checks in a bank fraud scheme was sentenced on January 24, 2023, to one year and one day in prison. Nolan Otto DeWall, age 39, received the prison term after a June 7, 2022 guilty plea to one count of bank fraud.

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01/26/2023

Experian Glitch Exposing Credit Files Lasted 47 Days

Krebs on Security

On Dec. 23, 2022, KrebsOnSecurity alerted big-three consumer credit reporting bureau Experian that identity thieves had worked out how to bypass its security and access any consumer’s full credit report.

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01/26/2023

BBB Tip: Data privacy

BBB

The possibility of a cyberattack by a foreign country has gone from being the stuff of science fiction to a common threat that is often reported in the news.

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01/26/2023

Second bank employee admits role in $330,000 bank fraud scheme

Whatsupnewp.com

Another former bank employee today admitted to a federal judge that she stole the banking information of unsuspecting individuals and businesses and provided that information to co-conspirators, who used it to create fraudulent personal and business checks, announced United States Attorney Zachary A. Cunha.

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01/26/2023

Incognia Introduces New Suspicious Locations Feature

Martech Series

Capable of detecting fraud rings, Incognia’s precise location detection is the critical new intelligence layer for fraud and risk teams

Details >
01/26/2023

GoTo now says customers’ backups have also been stolen

Help Net Security

GoTo (formerly LogMeIn) has confirmed on Monday that attackers have stolen customers’ encrypted backups from a third-party cloud storage service related to its Central, Pro, join.me, Hamachi, and RemotelyAnywhere offerings.

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01/26/2023

3 Cybersecurity Predictions for 2023 [Backed By Data]

Security Boulevard

Bots have gained massive popularity in the media as Elon Musk made it his personal mission to get rid of Twitter bots, bots were accused of buying out Taylor Swift tickets, and used to illegally steal and sell pharmacy prescriptions.

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01/26/2023

Federal Reserve Board announces it has fined Popular Bank $2.3 million for processing six Paycheck Protection Program (PPP) loans ....

FRB Board of Governors

The Federal Reserve Board on Tuesday announced that it has fined Popular Bank, of New York, New York, $2.3 million for processing six Paycheck Protection Program (PPP) loans despite having detected that the loan applications contained significant indications of potential fraud and for failing to report the potential fraud in a timely manner.

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01/26/2023

Armed suspects at large after $100K stolen from Huntington Bank in West Ridge, authorities say

ABC 7 Chicago

CHICAGO (WLS) -- Authorities are searching for two bank robbers who got away with $100,000 on the North Side on Monday night.

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01/24/2023

Four lessons learned from the latest Uber breach

SC Media

Uber’s recent data breach, which exposed sensitive employee and customer data to the BreachForums hacking forum, was the latest in a string of security incidents to hit the company in the last few years.

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01/24/2023

Identity Theft Awareness Week events focus on how to reduce your risk

FTC

As unique as we each are, we all look the same to identity thieves: like good targets. To them, it’s all about our Social Security numbers, birth dates, account login credentials, and other personal information. But during Identity Theft Awareness Week (January 30-February 3) we can all fight back against identity theft.

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01/23/2023

Global anti-money laundering fines surge 50%

The Irish Times

Global fines for failing to prevent money laundering and other financial crime surged more than 50 per cent last year, fuelling warnings that such penalties are not curbing the behaviour and systems flaws that allow criminals to channel money through the global financial system.

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01/23/2023

IRS, Apple, RBC Bank, Netflix, and AT&T – Top Phishing Scams This Week

Trend Micro

We’ve found a large number of phishing scams that you should watch out for, including ones relating to the IRS, Apple, RBC Bank, Netflix, and AT&T. Would you have been able to spot all the scams?

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01/23/2023

Bank Employee Admits Role in Fraud Conspiracy

The U.S. Attorney's Office District of Rhode Island

PROVIDENCE – A Providence woman who was previously employed by Citizens Bank admitted to a federal judge that she stole the banking information of unsuspecting individuals, businesses, and a law firm, and then provided that information to the leader of a bank fraud conspiracy, who used it to create fraudulent personal and business checks, announced United States Attorney Zachary A. Cunha.

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01/23/2023

Serial Fraudster Sentenced to Nine Years in Federal Prison

The U.S. Attorney's Office District of Maryland

Serial Fraudster Sentenced to Nine Years in Federal Prison for Participating in Elder Fraud “Grandparent” Scheme and a COVID-19 CARES Act Unemployment Benefit Scheme

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01/23/2023

Criminals using job postings to scam victims

Fox 5 San Diego

SAN DIEGO — You just got hired! But wait, it’s a scam?

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01/23/2023

What Is Card Cracking and How Can You Prevent It?

Make Use Of

Card cracking is another scam where something that seems too good to be true is, yes, too good to be true.

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01/23/2023

PayPal confirms data breach

Cyber News

According to the California-based fintech giant, the breach occurred sometime between December 6 and December 8.

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01/20/2023

New T-Mobile Breach Affects 37 Million Accounts

Krebs on Security

T-Mobile today disclosed a data breach affecting tens of millions of customer accounts, its second major data exposure in as many years.

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01/20/2023

Suspected bank robber quickly nabbed in Green Bay

WBAY 2 First Alert

GREEN BAY, Wis. (WBAY) - A man suspected of robbing a bank on Green Bay’s west side didn’t have the money for long.

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01/20/2023

Scams targeting seniors have more than doubled since 2020

WSAZ 3

InvestigateTV - Senior citizens have long been the target of scammers, but according to the AARP, the rate of elder financial exploitation has more than doubled since 2020.

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01/19/2023

Critical Git Vulnerabilities Discovered in Source Code Security Audit

Security Week

A source code security audit has led to the discovery of several vulnerabilities in Git, the widely used distributed version control system.

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01/19/2023

Fewer Cyber Attacks Are Seeing Ransom Payouts, Report Finds

Government Technology

A newly released report from Connecticut-based IT vendor Datto suggests that only around three out of 100 small- to medium-size businesses hit with ransomware pay cyber criminals to recover their data.

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01/19/2023

FinCEN Identifies Virtual Currency Exchange Bitzlato as a “Primary Money Laundering Concern” in Connection with Russian Illicit Finance

Financial Crimes Enforcement Network

WASHINGTON— Today, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued an order that identifies the virtual currency exchange Bitzlato Limited (Bitzlato) as a “primary money laundering concern” in connection with Russian illicit finance.

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01/19/2023

Why Crowdfunding is a Top AML Risk for 2023

Comply Advantage

Protests across Ottawa and US-Canada border crossings in 2022 brought global awareness to the problem of crowdfunding platforms being used to finance extremist groups.

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01/19/2023

‘Have a nice day. Stay warm,’ St. Paul bank robber says before leaving with $28K, charges say

Pioneer Press

Prosecutors say Andre Christopher Nelson pointed a handgun at three tellers while robbing a St. Paul bank of more than $28,000 cash Tuesday morning. But before he left, he said, “Have a nice day. Stay warm.”

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01/19/2023

New Technologies to Tackle Authorized Payment, Zelle Scams

Bank Info Security

Scammers are duping victims in many ways: tricking customers into believing they need to reverse a Zelle payment, promising big earnings from cryptocurrency investments or convincing online lovers to send money.

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01/19/2023

Hackers set sights on IoT devices

Connected Real Estate Magazine

Cyber criminals are expected to shift their sights away from ransomware and onto Internet of Things (IoT) devices, according to industry experts, CNBC reports. The rapid increase in the number of IoT devices has captured hackers’ attention.

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01/19/2023

IT Burnout may be Putting Your Organization at Risk

Bleeping Computer

The heavy responsibility of securing organizations against cyber-attacks is overwhelming and weighs heavier on security professionals, recent data shows. In fact, fifty-six percent of team members say their work stress grows yearly and there are no signs of slowing for 2023.

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01/19/2023

How To Protect Yourself From These 4 Banking Scams That May Target You

Yahoo Life

There are many benefits to keeping your funds in a bank account, but one of the main reasons many people keep their money at a bank rather than under the mattress is the added security this provides.

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01/19/2023

Charges: Inver Grove Heights bank robber stole $78K, tied up employees

Bring me the News

A man has been charged with robbing an Inver Grove Heights bank of more than $78,000 after zip-tying its employees.

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01/19/2023

Is Bank of America Experiencing Zelle Glitch? What We Know

Newsweek

Twitter on Wednesday was flooded with complaints from Bank of America customers who reported money disappearing from their accounts and apparent issues with the payment service Zelle.

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01/17/2023

59.4 million compromised payment card records posted for sale on dark web in 2022: report

The Record

Nearly 60 million compromised payment card records were posted for sale on dark web platforms in 2022, according to new report.

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01/17/2023

Thinking of Hiring or Running a Booter Service? Think Again.

Krebs on Security

Most people who operate DDoS-for-hire businesses attempt to hide their true identities and location.

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01/17/2023

Fraudsters have been stealing Oregon EBT benefits by skimming cards

KGW8.com

Unlike most bank debit or credit cards, Oregon Trail Cards are not equipped with smart chip technology to protect against skimming.

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01/17/2023

AI-generated phishing attacks are becoming more convincing

Tripwire

It's time for you and your colleagues to become more skeptical about what you read.

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01/15/2023

Man pleads guilty to identity theft

Minot Daily News

Michael Derrell Lawrence, 33, Minot, pleaded guilty on Tuesday in district court in Minot, to unauthorized use of personal identifying information to obtain credit of over $1,000, a Class B felony.

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01/15/2023

Man tied up workers, took over 78k during Inver Grove Heights bank robbery: Charges

Fox 9 KMSP

INVER GROVE HEIGHTS, Minn. (FOX 9) - A man faces felony charges for his alleged role in an Inver Grove Heights bank robbery where workers were restrained with zip ties, and a large amount of cash was taken.

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01/15/2023

9 ways to protect yourself from fraud this tax season

Yahoo

As a brand new tax season gets underway, some folks are anxious to file their returns so they can collect a refund.

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01/13/2023

Florida woman who attempted to rob bank left cellphone at scene, deputies say

WOKV Jacksonville

PENSACOLA, Fla. — A Florida woman accused of attempting to rob a bank was arrested after she left her cellphone at the business, authorities said.

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01/13/2023

Justice Department Secures Over $31 Million from City National Bank to Address Lending Discrimination Allegations

Department of Justice Office of Public Affairs

Largest Redlining Settlement Agreement in Department History; Department’s Combating Redlining Initiative Secured Over $75 Million for Neighborhoods of Color to Date

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01/12/2023

Police investigating bank robbery in Apple Valley

KSTP 5 Minneapolis, MN

Authorities are investigating after a bank was robbed Thursday morning in Apple Valley.

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01/12/2023

Man admits shooting, killing security guard in Metro East bank robbery

KSDK St. Louis, MO

During the 2021 bank heist, the robbers gave the teller a note saying, "I got a bomb strapped to my chest, put all the money in or everyone die."

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01/12/2023

Woman in wheelchair violently robbed outside bank near 26th and Wisconsin

WTMJ - TV Milwaukee

MILWAUKEE — Theresa Humsfeld, 66, had to have emergency surgery after she was targeted and injured in a robbery outside the U.S. Bank at 26th and Wisconsin Tuesday afternoon.

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01/12/2023

Three U.S. Postal Service Employees Charged in Million Dollar National Coronavirus Fraud Ring

U.S. Attorney's Office District of South Carolina

FLORENCE, SOUTH CAROLINA — Three defendants – all of whom were U.S. Postal Service employees during this alleged fraud scheme – have been charged in the District of South Carolina for their alleged roles in a fraud scheme related to the Coronavirus Aid, Relief, and Economic Security Act’s Paycheck Protection Program (PPP).

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01/12/2023

Guardian confirms it was hit by ransomware attack

The Guardian

Media firm says personal data of UK staff members was accessed in ‘highly sophisticated’ cyber-attack last month.

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01/12/2023

Zelle Fraud: More People Tricked Into Sending Money Over Popular E-Pay Option

NBC Chicago

Regulators say hundreds of millions of dollars are stolen through scams and fraud each year involving one of the most popular electronic options for making payments: Zelle. Now, the banks may be negotiating new ways to protect customers.

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01/12/2023

Four Denver area banks robbed in two days; suspect at large

Denver 9 News

The FBI is asking anyone with information to call Metro Denver Crime Stoppers.

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01/12/2023

Great Falls woman sentenced to prison for fraud, identity theft scheme

The Sun Times

GREAT FALLS — A Great Falls woman who admitted to participating in a scheme to use fraudulent checks to buy retail merchandise was sentenced today to seven months in prison, to be followed by three years of supervised release, and ordered to pay $2,652 restitution, U.S. Attorney Jesse Laslovich said.

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01/11/2023

Don’t answer another online quiz question until you read this

FTC

What do the model of your first car, your favorite hobby, and the high school you attended have in common?

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01/10/2023

Des Moines, IA, schools closed following apparent cyber attack

Fox News

The Iowa school district made the decision after being 'alerted to a cyber security incident on its technology network'

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01/10/2023

Defining Fraudulent Checks And Their Legal Penalties

Harlem World Magazine

Fraudulent checks are fraudulent bank checks that are drawn on funds from a checking or savings account that the depositor did not authorize.

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01/10/2023

How to spot modern scam techniques, from fake remote jobs to check fraud

MPR News

Scamming is an industry that seeks to trick and prey on the vulnerable through a variety of platforms.

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01/10/2023

Microsoft Patch Tuesday, January 2023 Edition

Krebs on Security

Microsoft today released updates to fix nearly 100 security flaws in its Windows operating systems and other software. Highlights from the first Patch Tuesday of 2023 include a zero-day vulnerability in Windows, printer software flaws reported by the U.S. National Security Agency, and a critical Microsoft SharePoint Server bug that allows a remote, unauthenticated attacker to make an anonymous connection.

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01/09/2023

Husband of missing Cohasset woman Ana Walshe pleaded guilty to art fraud

Mass Live

The husband of a missing Cohasset woman who was last seen at her home on New Year’s Day pleaded guilty to selling fake copies of Andy Warhol paintings on eBay in April 2021.

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01/09/2023

Men more likely to be victims of stolen identity than women, survey suggests

The National News

Men are about twice as likely as women to have had their identity stolen, a survey by Nationwide Building Society has found.

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01/09/2023

Man pleads guilty to deadly Illinois bank robbery

My State Line

EAST ST. LOUIS, Ill. (WTVO) — A St. Louis man pled guilty Thursday for his role in a 2021 East St. Louis bank robbery that left a security guard dead.

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01/09/2023

Fraud Alert: Credit Repair Scams

AARP

If you’re like a lot of Americans, you spent a lot this holiday season and you might be in the mood to tackle your debt in the New Year. Getting yourself out of debt is hard work and it is time intensive. Be wary of offers of guaranteed quick fixes.

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01/09/2023

Thieves swipe bag filled with $300,000 in cash in front of Brooklyn bank: police

PIX 11

BROOKLYN (PIX11) — Two thieves distracted an armored truck driver while their accomplice grabbed a bag containing $300,000 in cash near a Brooklyn bank on Friday, police said.

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01/09/2023

Brooklyn mail carrier gets 30 months for stealing $4M in money orders

Brooklyn Eagle

A 31-year old mail carrier in Brooklyn was sentenced to 30 months in prison on Wednesday after she was caught stealing more than $4 million worth of blank money orders from the post office where she worked in Utica Avenue in East Flatbush.

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01/09/2023

Identity Thieves Bypassed Experian Security to View Credit Reports

Krebs on Security

Identity thieves have been exploiting a glaring security weakness in the website of Experian, one of the big three consumer credit reporting bureaus.

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01/08/2023

Urgent warning for PC and Mac users over 10 'red flags' you're being spied on

Mirror

Hackers are becoming increasingly difficult to detect, but cyber experts have told of 10 red flags to look out for when it comes to protecting your PC or Mac from dangerous malware

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01/08/2023

Are Cyber Attacks at Risk of Becoming ‘Uninsurable’?

Security Boulevard

There are dark clouds on the horizon as well as conflicting forecasts regarding cyber insurance in 2023 and beyond. Where will the insurance market go from here on cybersecurity coverage?

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01/08/2023

Milwaukee police chase, vehicle wanted in armed robbery

Fox 6 Now

MILWAUKEE - Milwaukee police pursued a vehicle Saturday morning, Jan. 7 that was wanted in connection to an armed robbery

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01/08/2023

Amex, Amazon, Netflix, Costco, and Walmart – Top Phishing Scams This Week

Trend Micro

We’ve found a large number of scams that you should watch out for, including ones relating to American Express, Amazon, Netflix, Costco, and Walmart. Would you have been able to spot all the scams?

Details >
01/08/2023

Cybersecurity Experts Warn Twitter Breach Will Have Lasting Ramifications

Forbes

In July 2019, the United States Conference of Mayors unanimously adopted a resolution not to pay any more ransom demands to hackers following a ransomware attack.

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01/08/2023

New Year, Same Data-Privacy Woes for Meta’s Advertising Cash Cow

PYMNTS.com

Ireland’s Data Protection Commission (DPC) says Meta’s ad-centric business model is noncompliant with European regulations.

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01/08/2023

Cybersecurity predictions for 2023.

Morrison Foerster - The CyberWire

Alex Iftimie, Michael Burshteyn, Miriam Wugmeister, Lokke Moerel, Haima Marlier, Kristen Mathews, Vincent Schroder, Tina Reynolds, and Markus Speidel spoke to The CyberWire about predictions and trends the cybersecurity sector may expect in 2023.

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01/08/2023

10 of the biggest ransomware attacks of 2022

Tech Target

Like last year, ransomware attacks in 2022 caused prolonged disruptions and saw stolen data leaked to public sites. Here are 10 of the biggest attacks from last year.

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01/06/2023

Man pleads guilty in fatal East St. Louis bank robbery

Kenosha News

A St. Louis man has pleaded guilty to a federal bank robbery charge in connection with a 2021 holdup in East St. Louis in which a security guard was shot dead.

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01/05/2023

Coinbase vulnerable to drug trafficking, money laundering and fraud, regulators say

CBS News New York

Coinbase is vulnerable to money laundering, drug trafficking and fraud, financial regulators in New York said Wednesday in a settlement that requires the cryptocurrency exchange to strengthen its security.

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01/05/2023

7 Top Scams to Watch Out for in 2023

AARP

Scammers are like viruses: They continually evolve in response to the latest news and trends, using them for new ways to separate us from our cash.

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01/05/2023

Russian Citizen Sentenced To 46 Months For Laundering Proceeds Of Internet Frauds

US Attorney's Office Southern District of New York

Damian Williams, the United States Attorney for the Southern District of New York, announced that TARAS ILYICH BEVZ, a citizen of Russia, was sentenced to 46 months in prison for laundering over a million dollars of proceeds of various internet frauds targeting dozens of U.S. citizens and companies. BEVZ was sentenced today by U.S. District Judge Naomi Reice Buchwald.

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01/05/2023

Skimmers placed on point-of-sale terminals at 2 High Point Walmarts; police estimate about $100K stolen so far, officials say

WXII 12

HIGH POINT, N.C. — High Point police said a skimmer was placed on a point-of-sale terminal at two Walmarts, and they believe about $100,000 has been stolen so far.

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01/05/2023

Dougherty County district attorney to focus on murder cases, elder abuse, protecting businesses in 2023

Albany Herald

ALBANY — These commitments don’t include things like losing weight or doing better with finances, but for Dougherty County District Attorney Greg Edwards, three areas he has emphasized for 2023 are New Year’s resolutions of a sort.

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01/05/2023

Denver police seeking public's help locating bank robbery suspect

CBS New Colorado

Denver police is asking for assistance from the community in locating a suspect following reports of a bank robbery on Tuesday.

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01/05/2023

New Map Shows Real-Time Payments Progress in 2023

PYMNTS.com

Real-time payments are becoming table stakes worldwide, driven by intense demand from businesses and individuals.

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01/05/2023

Agencies issue joint statement on crypto-asset risks to banking organizations

FRS Board of Governors

Federal bank regulatory agencies today issued a statement highlighting key risks for banking organizations associated with crypto-assets and the crypto-asset sector and describing the agencies' approaches to supervision in this area.

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01/05/2023

Consumers are placing their trust in mobile deposits. Here’s how banks can keep it.

Biometric Update

In our post-pandemic world, it’s evident most people have become used to interacting with their banks online and aren’t interested in returning to their old in-person, branch-based banking habits.

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01/05/2023

Police search for woman accused of cashing stolen check

ABC 25 Columbia

Lexington, SC (WOLO) — Lexington Police say they are searching for a woman accused of cashing a stolen check.

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01/05/2023

No cash, no bank heists in Denmark; criminals now go online

ABC News

For the first time in years, Denmark hasn’t recorded a single bank robbery

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01/05/2023

6 Credit Card Scams and How to Avoid Them

NerdWallet

Crooks don't have to steal your card — just your card information. Keep your money and your identity safe.

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01/03/2023

Call Centers Become Prime Target for Identity Fraud

PYMNTS.com

Retail call centers are the front line of consumer queries and the favorite new target for identity fraud.

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01/03/2023

Swansea Public Schools canceled on Wednesday after cyber attack

The Herald News

SWANSEA — Public schools in the town canceled school on Wednesday after the district was hit with a cyber attack.

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01/03/2023

Fraud Files: Billions in federal funds meant to help unemployed stolen by scammers

KWQC TV 6

Unemployment payments kept many Americans afloat during the pandemic, but con artists were also running scams to steal taxpayer dollars.

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01/02/2023

Washington bill would ban robocallers from using fake caller ID, tapping Do Not Call Registry

King 5

According to estimates based on TrueCaller survey data, more than 835,000 Washingtonians lost money to scam robocalls in 2021.

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01/02/2023

An overview of Cybersecurity Issues faced by the Fintech Industry

Security Boulevard

With so many digital wallet options, Fintech Cybersecurity Risks like fraudulent transactions, extortion, denial of service attacks, and credit card fraud have increased.

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01/02/2023

Ransomware group LockBit apologizes saying 'partner' was behind SickKids attack

CBC News

National cyber security centre says there's an increase in threats to health care, medical research facilities.

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01/02/2023

Ransomware Gang Says It Leaked Data from Xavier University Students, Staff

Government Technology

Vice Society, which is known for targeting schools with cyber attacks, says it leaked sensitive personal data of students and staff since Xavier University declined to meet its demands after a November ransomware attack.

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01/02/2023

FBI searching for suspects after bank robbery in Des Plaines

ABC 7

DES PLAINES, Ill. (WLS) -- A west suburban bank was robbed Thursday afternoon, the FBI and Des Plaines police said.

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01/02/2023

Woman wanted for using fake ID to withdraw $10K from someone else's bank account, HPD says

ABC 13

HOUSTON, Texas (KTRK) -- A woman is wanted for using a fake ID to withdraw thousands of dollars from someone's account in southeast Houston, police said.

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01/02/2023

Wanted: Police searching for man in violent 'jugging' incident, 4 others arrested

KATV

AUSTIN, Texas (TND/KEYE) — Police in Texas are searching for the latest suspect in a string of violent robberies known as "jugging," after arresting four suspects in a separate incident.

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12/29/2022

The 13 Costliest Cyberattacks of 2022: Looking Back

Security Intelligence

2022 has shaped up to be a pricey year for victims of cyberattacks.

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12/29/2022

Gaming Companies Take Big Risks This Holiday

Security Boulevard

As the holiday season ramps up, online gamers spend more time in their favorite virtual worlds. From Nintendo to Xbox to “God of War” and “Call of Duty,” a flood of video games appear on the scene, encouraging players to invest even more time and money in this form of competitive entertainment.

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12/29/2022

Crime Stoppers seeking information about a bank robbery

News Channel 20 - Champaign IL

CHAMPAIGN, Ill. (WCCU) — The Champaign County Crime Stoppers is seeking assistance from the public regarding a bank robbery.

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12/29/2022

Two in custody following Thornton bank robbery

Northglenn Thornton Sentinel

Two adults, a man and a woman, are in custody after a bank robbery at 120th Avenue and Colorado Boulevard in Thornton around 1 p.m. Tuesday.

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12/29/2022

Police Are Now Asking Certain Kroger Shoppers to Check "For Fraudulent Charges"

Yahoo

There are few feelings worse than looking at a receipt after a shopping trip and realizing that you've been overcharged.

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12/29/2022

Federal Indictment Charges Rush City Woman with Mail Fraud, Money Laundering

US Attorney's Office District of Minnesota

MINNEAPOLIS – A Rush City woman has been indicted for mail fraud and money laundering after participating in multiple schemes that defrauded individuals throughout the United States, announced U.S. Attorney Andrew M. Luger.

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12/28/2022

Deepfakes: Get ready for phishing 2.0

Fast Company

With deepfakes, phishing is evolving once again and being called the most dangerous form of cybercrime.

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12/28/2022

Hackers stole data from multiple electric utilities in recent ransomware attack

WQOW.com

(CNN) -- Hackers stole data belonging to multiple electric utilities in an October ransomware attack on a US government contractor that handles critical infrastructure projects across the country, according to a memo describing the hack obtained by CNN.

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12/28/2022

AI cyber attacks are a ‘critical threat’. This is how NATO is countering them

Euro News

Artificial intelligence (AI) is playing a massive role in cyber attacks and is proving both a “double-edged sword” and a “huge challenge,” according to NATO.

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12/27/2022

Cyber attacks set to become ‘uninsurable’, says Zurich chief

Financial Times

The chief executive of one of Europe’s biggest insurance companies has warned that cyber attacks, rather than natural catastrophes, will become “uninsurable” as the disruption from hacks continues to grow.

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12/27/2022

Don't click too quick! FBI warns of malicious search engine ads

Tripwire

The FBI is warning US consumers that cybercriminals are placing ads in search engine results that impersonate well-known brands, in an attempt to spread ransomware and steal financial information.

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12/26/2022

Man in custody in connection with Mound City Bank Robbery

MCSNews.net

KLZA -- A man is in custody as an investigation continues into a ban robbery in Mound City, Missouri, that occurred Wednesday afternoon.

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12/26/2022

LastPass Says Password Vault Data Stolen in Data Breach

Security Week

Password management firm LastPass says the hackers behind an August data breach stole a massive stash of customer data, including password vault data that could be exposed by brute-forcing or guessing master passwords.

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12/26/2022

The Top Trends in Debit

Payments Journal

As we continue to emerge from the COVID-19 pandemic, debit spending patterns are undergoing some interesting trends.

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12/26/2022

The Top 23 Security Predictions for 2023 (Part 1)

Government Technology

After a year full of data breaches, ransomware attacks and real-world cyber impacts stemming from Russia’s invasion of Ukraine, what’s next? Here’s part 1 of your annual roundup of security industry forecasts for 2023 and beyond.

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12/26/2022

Racine Man Indicted For Hacking Ring Doorbells, Calling Police For Fake Emergencies

Urban Milwaukee

Kya Christian Nelson is alleged to have livestreamed police response, taunted officers through cameras.

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12/23/2022

The Guardian hit by suspected ransomware attack

Engadget

The 'serious IT incident' hasn't stopped the newspaper from publishing stories online.

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12/22/2022

Fraud In The Valley

Forbes

With all of the news about FTX founder Sam Bankman-Fried (“SBF”) being arrested, reports that SBF would consent to extradition, but then on Monday, SBF demanded to see a copy of his federal indictment before agreeing to return to the U.S., there is a lot to cover.

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12/21/2022

The Equifax Breach Settlement Offer is Real, For Now

Krebs on Security

Millions of people likely just received an email or snail mail notice saying they’re eligible to claim a class action payment in connection with the 2017 megabreach at consumer credit bureau Equifax.

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12/21/2022

Nearly $80,000 stolen after local agency falls victim to check fraud

CBS 12

WEST PALM BEACH, Fla. (CBS12) — A governmental agency in West Palm Beach says they have fallen victim to theft and check fraud of nearly $80,000.

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12/21/2022

Ex-NYU admin siphoned $3.5M in grants and blew cash on herself — including an $80K pool: prosecutors

NY Post

A former New York University director of finance allegedly siphoned $3.5 million in state funding and blew a chunk of the cash on herself — including on an $80,000 pool for her Connecticut home, prosecutors said Monday.

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12/21/2022

Buyer Beware! Account Takeover Attacks Surging This Shopping Season

Security Boulevard

The prevalence of Account Takeover (ATO) attacks continues to rise, as the threat creeps its way to the top of the list of security concerns for organizations today.

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12/21/2022

Grand Jury Indicts 2 in ‘Swatting’ Scheme that Took Over Ring Doorbells Across U.S. to Livestream Police Response to Fake Calls

US Attorney's Office Central District of California

LOS ANGELES – Two men – one from Wisconsin, the other from North Carolina – have been charged with participating in a “swatting” spree that, over a one-week span, gained access to a dozen Ring home security door cameras nationwide, placed bogus emergency phone calls designed to elicit an armed police response, then livestreamed the events on social media, sometimes while taunting responding police officers, the Justice Department announced today.

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12/21/2022

Hacked Ring Cams Used to Record Swatting Victims

Krebs on Security

Two U.S. men have been charged with hacking into the Ring home security cameras of a dozen random people and then “swatting” them — falsely reporting a violent incident at the target’s address to trick local police into responding with force.

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12/21/2022

Internet Sleuths Identify Chiefs Superfan As Bank Robber

Fox Sports 1070

Internet sleuths have identified a Kansas City Chiefs superfan as a bank robber.

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12/20/2022

Hacked Ring Cams Used to Record Swatting Victims

Krebs on Security

Two U.S. men have been charged with hacking into the Ring home security cameras of a dozen random people and then “swatting” them — falsely reporting a violent incident at the target’s address to trick local police into responding with force.

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12/20/2022

Green Dot Banking Platform Extends Partnership With Wealthfront

PYMNTS.com

The Green Dot banking platform has extended its partnership with wealth management provider Wealthfront.

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12/20/2022

How to deal with cyberattacks this holiday season

Tripwire

The holiday season has arrived, and cyberattacks are expected to increase with the upcoming celebratory events.

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12/20/2022

Give back with a plan this season and avoid charity scam

FTC

For many of us, the holiday season is a time for cheerful giving. But charity scammers ruin the mood by trying to cash in on your good will. If you’re supporting a charitable cause this winter, make a donation plan that includes spotting and avoiding scams.

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12/20/2022

FBI issues public safety alert, says 3,000 minors have been ‘sextortion’ victims: ‘Horrific increase’

Fox 22

If you or someone you know is having thoughts of suicide, please contact the National Suicide Prevention Lifeline at 988.

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12/19/2022

Hacker Reportedly Breaches US FBI Cybersecurity Forum

Gov Info Security

A hacker reportedly using a fake email address posed as a chief executive of an American financial institution to gain bureau-approved access to FBI public-private cybersecurity forum InfraGard and is now selling details of its more than 80,000 members.

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12/19/2022

Brooklyn hospitals dealing with cyberattack that has forced staff to use pen and paper and rely on phones

CBS News

NEW YORK -- A Brooklyn hospital network has been under a cyberattack for nearly a month.

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12/19/2022

Denver bank robbery suspect still at large, reward offered

KDVR

DENVER (KDVR) – Police are searching for a suspect they believe robbed a bank in Denver’s Berkeley neighborhood on Monday.

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12/19/2022

The Scary Way Small Online Businesses Are Getting Scammed

Tell Me Best

The Scary Way Small Online Businesses Are Getting Scammed.

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12/19/2022

Tech Support Scam Targeting Tens of Thousands of U.S. Victims

US Attorney's Office District of New Jersey

NEWARK, N.J. – Five men were charged in an indictment and a New Jersey woman pleaded guilty in connection with a transnational technical support scam that targeted more than 20,000 victims, many of whom were elderly, in the United States and Canada, U.S. Attorney Philip R. Sellinger announced today.

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12/19/2022

Survey shows 89 percent of industries became victims of identity-based attacks in 2022

Digital Information World

As per the latest study from One Identity, identity-based attacks in 2022 were observed in almost every company, including top firms.

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12/16/2022

Common banking scam and fraud tactics and how to protect your money

Fortune

As the holiday season approaches, you might be feeling more generous than usual.

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12/16/2022

Police search for 3 suspects who robbed Northbrook bank at gunpoint

CBS News Chicago

NORTHBROOK, Ill. (CBS) – Police are looking for three men who robbed a bank in Northbrook Thursday morning.

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12/16/2022

Expert tips to protect yourself from online shopping fraud

Wyoming News Now

InvestigateTV - A recent online shopping fraud study by the Better Business Bureau(BBB) revealed in 2022 reported losses in the U.S. and Canada are expected to exceed $380 million with the highest risk category of shoppers between the ages of 18 to 24.

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12/16/2022

‘Trusted’ Data Sets Take Fraud Out of Online Onboarding Processes

PYMNTS.com

When it comes to a user-friendly experience, online onboarding processes play a key role.

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12/15/2022

Microsoft Patch Tuesday, December 2022 Edition

Krebs on Security

Microsoft has released its final monthly batch of security updates for 2022, fixing more than four dozen security holes in its various Windows operating systems and related software.

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12/15/2022

Six Charged in Mass Takedown of DDoS-for-Hire Sites

Krebs on Security

The U.S. Department of Justice (DOJ) today seized four-dozen domains that sold “booter” or “stresser” services — businesses that make it easy and cheap for even non-technical users to launch powerful Distributed Denial of Service (DDoS) attacks designed knock targets offline.

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12/15/2022

ZELLE SCAMS CONTINUE TO GROW, AND BANKS ARE DOING LITTLE TO COMPENSATE VICTIMS

International Banker

On October 3, the United States Senate published a report revealing that rampant fraud and theft had been occurring on the popular digital payments network Zelle and was continuing to increase.

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12/15/2022

U.S. authorities charge 8 social media influencers in securities fraud scheme

Reuters

WASHINGTON, Dec 14 (Reuters) - U.S. prosecutors on Wednesday said they have charged eight individuals in a securities fraud scheme, alleging they reaped about $114 million from by using Twitter and Discord to manipulate stocks.

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12/15/2022

FTX Founder Indicted for Fraud, Money Laundering, and Campaign Finance Offenses

U.S. Department of Justice

A federal grand jury in Manhattan returned an indictment today charging Samuel Bankman-Fried, aka SBF, 30, of Stanford, California, with conspiracy to commit wire fraud, wire fraud, conspiracy to commit commodities fraud, conspiracy to commit securities fraud, conspiracy to commit money laundering, and conspiracy to defraud the Federal Election Commission and commit campaign finance violations.

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12/15/2022

Eight Men Indicted for $114 Million Securities Fraud Scheme Orchestrated Through Social Media

U.S. Department of Justice

A federal grand jury in the Southern District of Texas returned an indictment that was unsealed yesterday charging eight men with conspiracy to commit securities fraud for a long-running, social media-based “pump and dump” scheme.

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12/15/2022

FBI, police seek suspects who robbed armored truck outside Oak Park bank

CBS News Chicago

CHICAGO (CBS) -- The FBI and Oak Park police are looking for the people responsible for robbing an armored truck.

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12/15/2022

FBI, police seek suspects who robbed armored truck outside Oak Park bank

CBS News Chicago

CHICAGO (CBS) -- The FBI and Oak Park police are looking for the people responsible for robbing an armored truck.

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12/14/2022

Michigan Man Charged with Operating Check-Kiting Scheme that Caused Loss of Nearly $150 Million

Justice.gov

CLEVELAND – Najeeb Khan, 69, of Edwardsburg, Michigan, was charged in a Bill of Information today with operating a long-running check-kiting scheme that caused a financial loss of nearly $150 million to businesses around the country and KeyBank in the Northern District of Ohio.

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12/14/2022

FBI’s Vetted Info Sharing Network ‘InfraGard’ Hacked

Krebs on Security

InfraGard, a program run by the U.S. Federal Bureau of Investigation (FBI) to build cyber and physical threat information sharing partnerships with the private sector, this week saw its database of contact information on more than 80,000 members go up for sale on an English-language cybercrime forum.

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12/14/2022

Information Sharing Helps Banks Fight Consumer Identity Fraud

PYMNTS.com

Increasing online fraud threatens businesses and consumers, and both are aware of the growing problem.

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12/14/2022

Former Mobile Phone Store Owner Sentenced to 10 Years in Federal Prison for Multimillion-Dollar Scheme to Illegally Unlock Cellphones

U.S. Attorney's Office Central District of California

LOS ANGELES – A former owner of a T-Mobile retail store in Eagle Rock was sentenced today to 120 months in federal prison for his multimillion-dollar scheme in which he stole T-Mobile employee credentials and illegally accessed the company’s internal computer systems to illicitly “unlock” and “unblock” cellphones.

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12/13/2022

Four Defendants Arrested For Multimillion Dollar Fraud And Money Laundering Scheme

U.S. Attorney's Office Southern District of New York

Damian Williams, the United States Attorney for the Southern District of New York, Michael J. Driscoll, the Assistant Director in Charge of the New York Office of the Federal Bureau of Investigation (“FBI”), and Patrick Freaney, Special Agent in Charge of the New York Field Office of the United States Secret Service (“USSS”), announced today that JOEL ZUBAID, DAVID GORAN, JULIAN REBIGA, a/k/a “Iulian Rebiga,” and MARTIN MIZRAHI, a/k/a “Marty Mizrahi” (collectively, the “Defendants”), were arrested for participating in a scheme to defraud businesses, banks, and individuals of more than $9.2 million through business email compromise and credit card fraud schemes.

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12/13/2022

How to slow down a cyber attack

itweb.co.za

South African organizations are favorite targets for cyber crime gangs.

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12/13/2022

Two arrested for five different bank robberies IMPD says

WRTV

INDIANAPOLIS — IMPD arrested two people in connection with the robbery of five different banks in Indianapolis.

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12/13/2022

The Potential and Pitfalls of a Federal Privacy Law

Security Week

Congress is considering a US federal privacy law. It’s been brewing for the last ten years and is getting closer.

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12/13/2022

Small Banks Explore P2P Options

PYMNTS.com

America’s smaller banks aren’t happy with a plan to reimburse peer-to-peer payment scam victims.

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12/13/2022

The Right to Financial Privacy Act: A Refresher

Fredrikson Law

If you have recently received a subpoena from a government agency investigating a customer’s financial dealings, you are not alone.

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12/13/2022

Cybersecurity challenges facing SMBs and steps to protect them

TripWire

Businesses come in many different sizes, yet, they all share one similarity; the growing need for cybersecurity in today’s ever-changing technology landscape.

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12/12/2022

IMPD: 2 women arrested for robbing 5 Indianapolis banks

Fox 59

INDIANAPOLIS — The Indianapolis Metropolitan Police Department has announced the arrests of two women who are accused of robbing five different banks across Indianapolis in the last several months.

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12/12/2022

Edwardsville woman who robbed bank 12 years ago sentenced to prison after forging check

Belleville News-Democrat

An Edwardsville woman has been sentenced to three years in state prison for violating probation by committing forgery almost immediately after pleading guilty to fraud in Cook County Circuit Court.

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12/12/2022

They Say Crime Doesn’t Pay Yet Fraudsters Keep on Trying

PYMNTS.com

Fraudsters defraud. It’s their job, just as it is for the equally committed army of digital warriors who are paid to combat them.

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12/12/2022

Cyber’s Most Wanted: FBI Is Hunting 10 Russian Threat Actors

BlackBerry Blogs

Who are some of the most wanted Russian hackers and cyber threat actors? A partial list from the FBI includes six Russian military intelligence (GRU) officers, three members of the Energetic Bear threat actor group, and one computer programmer employed by an affiliate of the Russian Ministry of Defense. They represent 10 of the agency’s Cyber’s Most Wanted list of suspects.

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12/12/2022

The biggest data breaches and leaks of 2022

Cyber Security Hub

The data breaches that had the biggest impact in the cyber security world over the past 12 months

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12/12/2022

Fraud reports and losses: Not just a grandparent’s story

FTC

You might have heard that scams mostly affect older adults, but reports to the FTC tell a different story.

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12/12/2022

What to do if your online order never arrives

FTC

We’ve all been there. During the holidays you order something online and anxiously await its arrival. But then your package doesn’t come when the seller said it would. And worse, you hear nothing. Your happy anticipation is turning to anger and frustration. So now what?

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12/12/2022

FBI joins search for suspect in Lake Mills Culver's robbery

Hngnews.com

JANESVILLE—The FBI is now involved in the investigation into what’s believed to be a related string of recent robberies in Lake Mills, Beloit and Janesville.

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12/12/2022

Thieves are stealing SNAP funds electronically. In most states, victims never get reimbursed.

NBC News

“They took every penny,” said one SNAP skimming victim, who can no longer afford to buy a Christmas present for his son.

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12/12/2022

Federal judge sentences foreign national in $200,000 skimming scheme

KSL TV 5

SALT LAKE CITY — A federal judge sentenced Yofre Napoleon Almonte, 49, to prison after he plead guilty to conspiracy to commit bank fraud and aggravated identity theft.

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12/12/2022

Target of loan fraud investigation was building multimillion-dollar residential complex

1011now.com

The target of a state banking investigation into alleged fraudulent loans was in the process of building a multimillion-dollar residential complex on the eastern edge of the Capital City.

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12/12/2022

How to protect your money from card skimmers this holiday season

ABC 30

MADERA, Calif. (KFSN) -- As customers swipe away while shopping this holiday season, Madera police are warning about the new strategies that thieves are using to steal bank information.

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12/12/2022

LexisNexis Risk Solutions State of Fraud, Identity Report Reveals Surge in Fraudulent Activities

Crowdfund Insider

LexisNexis Risk Solutions released the results of its first Global State of Fraud and Identity Report, exploring research and insights from industry experts “on recent statistics and trends from [their] industry-recognized studies on the Global True Cost of Fraud and transaction data from over 39B transactions from the LexisNexis Digital Identity Network® from January 2022 to June 2022.”

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12/12/2022

Scammers banking on you sharing that heartbreaking Facebook post

KIII TV

Facebook scams, where someone asks you to share an often heartbreaking or attention-grabbing post, are on the rise. Here's what to look out for.

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12/09/2022

2 suspects in Butte bank robbery appear in court

NBC Montana

BUTTE, Mont. — Suspects in the Sept. 1 robbery of a Butte Wells Fargo branch made their first appearance in court.

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12/09/2022

Omaha bank branch robbed; police looking for tips

WOWT

OMAHA, Neb. (WOWT) - Police are looking for information about a bank robbery that occurred Thursday morning in southwest Omaha.

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12/08/2022

Police caution of check fraud after mail carrier robbed in Clayton

St. Louis Post Dispatch

CLAYTON — A man got away with a mail carrier’s cellphone Tuesday after trying to rob him of mailbox keys, police said.

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12/08/2022

CISA Releases Phishing Infographic

Cybersecurity & Infrastructure Security Agency

Today, CISA published a Phishing Infographic to help protect both organizations and individuals from successful phishing operations.

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12/08/2022

New Ransom Payment Schemes Target Executives, Telemedicine

Krebs on Security

Ransomware groups are constantly devising new methods for infecting vi

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12/08/2022

Microsoft: (Cyber) winter is coming as DDoS attack disrupts Russian bank

The Register

Microsoft has warned Europe to be on alert for cyber attacks from Russia this winter, just as a series of attacks hit Russian organizations – including the country's second-largest bank.

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12/08/2022

Instant Payments Forces Banks to Put Fraud Prevention at the Forefront

PYMNTS.com

The speed that makes instant payment apps such as Zelle and Venmo popular also makes them attractive tools for fraudsters.

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12/07/2022

UPDATE: Alleged Wells Fargo Bemidji Bank Robber Captured

KVRR

BEMIDJI, Minn. (KVRR: UPDATE 8:30PM) — Bemidji Police say a bank robbery suspect has been located and arrested.

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12/07/2022

Little Rock police investigating Monday bank robbery

KARK

LITTLE ROCK, Ark. – A Little Rock bank was robbed Monday afternoon and police are looking for the suspect.

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12/07/2022

2 South Holland brothers accused of stealing more than $1M from armored car, ATM in Lansing robbery

ABC 7 Eyewitness News

CHICAGO (WLS) -- Two brothers face federal charges after prosecutors said they stole more than $1 million from an armored truck and an ATM in Lansing on Halloween.

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12/07/2022

Four suspects cuffed, face extradition over tax refund scam plot

The Register

Four men suspected of plotting to commit wire fraud and identity theft have been arrested and now face extradition to America.

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12/07/2022

Two Mobile residents plead guilty to stealing more than $95,000 in bank fraud scheme

Fox 10 TV

MOBILE, Ala. (WALA) - Two people pleaded guilty Monday to a scheme to defraud banks and credit unions through a series of stolen and forged checks, driver’s licenses and other phony documents.

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12/07/2022

Over $2 Billion in Total Losses, Kansas Sale Barn Owner Convicted of Fraud

Drovers.com

After nearly four years of investigation on a check kiting and fraud scheme costing banks and dozens of cattle ranchers in the area, a former owner of Plainville Livestock Commission (PLC) in Rooks County, Kans., has been convicted by federal jury.

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12/07/2022

A congressional report says financial technology companies fueled rampant PPP fraud

NPR

A sprawling congressional report accuses several little-known financial technology companies, or fintechs, of reaping "billions in fees from taxpayers while becoming easy targets for those who sought to defraud the PPP," or Paycheck Protection Program.

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12/06/2022

How to Predict New Account Risk

Govinfosecurity.com

Application fraud has spiked - particularly bogus new accounts - and organizations are scrambling to improve fraud detection mechanisms without negatively affecting the legitimate customer's experience. Robin Love of Early Warning shares insights on how to better predict new account risk.

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12/06/2022

Account Takeover Attacks Increased by 131% in H1 2022

Digital Information World

Cyber crime comes in a lot of different forms, but perhaps the most cyber attacks of all involve account takeovers.

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12/06/2022

‘Tis the Season for Online Shopping and Phishing Scams

Trustwave

The 2022 holiday shopping season is here. Retailers’ discounts are kicking off early, and shoppers are eager to spend, especially with big price markdowns to come as the season progresses.

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12/05/2022

Investigators offer reward after thieves rob USPS mail carriers, make off with postal keys

CBS News

NEWARK, N.J. -- Officials are issuing a holiday mail alert.

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12/05/2022

Identity Fraud Losses $24 Billion (USD) in the USA With Over 15 Million US Consumers Impacted – the Case for a Better Credit Card Using Biometric Fingerprint Security

Yahoo

NEW YORK, December 05, 2022--(BUSINESS WIRE)--SmartMetric, Inc. (OTCQB: SMME): Fraud and Identity Theft in the USA to use a phrase, is going to the moon with a steep trajectory.

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12/05/2022

Judge Orders U.S. Lawyer in Russian Botnet Case to Pay Google

Krebs on Security

In December 2021, Google filed a civil lawsuit against two Russian men thought to be responsible for operating Glupteba, one of the Internet’s largest and oldest botnets.

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12/05/2022

’Tis the season to spot and avoid gift card scams

FTC

Looking for a New Year’s resolution? Here’s one for you: Keep your hard-earned money safe from scammers by spotting and avoiding gift card scams.

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12/05/2022

DHS Announces Extension of REAL ID Full Enforcement Deadline

DHS

WASHINGTON – Today, Secretary of Homeland Security Alejandro N. Mayorkas announced the Department of Homeland Security (DHS) is extending the REAL ID full enforcement date by 19 months, from October 1, 2021 to May 3, 2023, due to circumstances resulting from the ongoing COVID-19 pandemic.

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12/04/2022

First guilty plea in Minneapolis cell phone theft ring conspiracy

Fox9.com

MINNEAPOLIS (FOX 9) - Prosecutors have picked up their first guilty plea in a widespread cell phone theft ring conspiracy targeting victims across Minneapolis.

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12/04/2022

Morgan Stanley Ordered to Pay $11.7 Million Over Alleged Unauthorized Trading

Barron's

An arbitration panel ordered Morgan Stanley to pay nearly $12 million to an investor who accused the company of negligence and breach of fiduciary duty over an alleged unauthorized covered call options strategy.

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12/04/2022

How to Prevent API Abuse on Mobile Apps

Security Boulevard

API abuse can take many forms and is the mechanism behind many attack vectors, such as account takeover, fake account creation, denial of service, credit fraud, app impersonation, Man-in-the-Middle attacks, data breaches, and data scraping. Any of these threats can pose a serious risk to your app and its users.

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12/04/2022

Better Business Bureau warns of scam calls, more ahead of winter season

ABC 7 Eyewitness News

CHICAGO (WLS) -- Ahead of the official start to winter, the Better Business Bureau is warning consumers about fraudsters.

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12/04/2022

Straight Talk: Don't be fooled by this package delivery scam

CantonRep.com

Online purchases and package deliveries skyrocket during the holiday season.

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12/04/2022

Latest scam: Callers posing as law enforcement want you to pay off fines

Daily Time DELCO

They may spoof phone numbers so they appear to be calling from a government agency or court on caller ID.

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12/04/2022

A Straw Leads to the Arrest of a Man Suspected in Bank Robberies, Officials Say

NY Times

DNA found on the straw used for a Red Bull drink at a casino led to the arrest of a man who is being investigated in more than a dozen robberies in four states, prosecutors said.

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12/04/2022

Can of Red Bull left in casino leads to suspected serial bank robber's arrest

Fox 9

A man suspected of robbing more than a dozen banks in four states has been arrested thanks to a can of Red Bull he drank at a Massachusetts casino.

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12/04/2022

Stolen checks, fraudulent activity: three major trade association PACs fell victim to theft in what's become a political epidemic

Business Insider

The political action committees of three major trade associations each reported falling victim to stolen checks and fraudulent bank activity this election cycle, according to an Insider analysis of Federal Election Commission records.

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12/04/2022

Feds charge 21 people in global crypto money laundering bust

CNBC

The U.S. Attorney’s Office for the Eastern District of Texas announced on Wednesday that it has charged 21 people in a transnational crypto money-laundering network that washed millions in funds scammed from thousands of U.S. victims.

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12/04/2022

Card skimmer found on ATM in Gridley

KRCR ABC 7

GRIDLEY, Calif. — According to the Gridley Police Department (GPD), on Tuesday morning, a card skimmer was found on a Bank of America ATM at a shopping center in Gridley.

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12/04/2022

Mount Pleasant Police search for man who claimed to have bomb during bank robbery

Live 5 News

MOUNT PLEASANT, S.C. (WCSC) - Mount Pleasant Police released a surveillance image of a man they are searching for in connection with a Friday afternoon bank robbery.

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12/02/2022

Group Home Owners Sentenced in $1 Million Medicare Fraud Scheme

The United States Department of Justice

A Texas married couple was sentenced today for a $1 million Medicare fraud scheme, including violations of the federal Anti-Kickback Statute.

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12/02/2022

ConnectWise Quietly Patches Flaw That Helps Phishers

Krebs on Security

ConnectWise, which offers a self-hosted, remote desktop software application that is widely used by Managed Service Providers (MSPs), is warning about an unusually sophisticated phishing attack that can let attackers take remote control over user systems when recipients click the included link.

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12/02/2022

Potential Zelle solution for scammed P2P customers

Consumer Finance Monitor

The Wall Street Journal has reported that the seven large banks that own Zelle are discussing possible approaches to fraudulent transactions on the Zelle network.

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12/02/2022

Cybersecurity predictions for 2023.

The Cyber Wire

It's the last month of 2022, and so we’ve rounded up expert predictions and commentary on the trends the cybersecurity sector may expect next year. Sit back and enjoy the long read.

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12/02/2022

Two charged with Identity Theft after stealing over $1 million from USAA customers

Fox 29

SHREVEPORT, La. – Two people have been arrested for fraud after stealing more than $1 million from those who served in the U.S. Armed Forces.

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12/02/2022

White House says an anticipated executive order on identity theft is coming, here’s what experts want in it

FWC

Although stakeholders have big wish lists for the anticipated proposal, few details are known about what the White House expects to include.

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12/02/2022

Thousands of dollars worth of checks written by Madeira church stolen from USPS blue boxes

Fox 19

MADEIRA, Ohio (WXIX) - Mail fraud and check fraud have hit a local church, according to the senior warden of Holy Trinity Episcopal Church.

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12/02/2022

Suspected bank robber barricaded in Greenwood Village hotel room surrenders to police

Denver Post

Police said the suspect surrendered peacefully after about 3.5 hours of negotiation

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12/02/2022

Bank robbery suspect who stole Uber vehicle arrested in Minnesota, police say

We Are Iowa

22-year-old Javier Rafael Camacho-Cepeda of Bradenton, Fla. was stopped and arrested in Lake County, Minn., after robbing a bank and stealing an Uber in Des Moines.

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12/02/2022

Suspected bank robber arrested near Gooseberry Falls

Duluth News Tribune

LAKE COUNTY — An armed bank robbery suspect was arrested while driving a stolen car on Minnesota Highway 61 near Gooseberry Falls State Park on Wednesday evening, authorities said.

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11/30/2022

Operation Elaborate - UK police text 70,000 suspected victims of iSpoof bank fraudsters

Tripwire

UK police are texting 70,000 people who they believe have fallen victim to a worldwide scam that saw fraudsters steal at least £50 million from bank accounts.

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11/30/2022

Mail Theft Leads to Check Fraud

AARP

Scams aren’t always high tech – some of the most common are about as old fashioned as they come. In 2021 there were 33,000 reports of incidents involving mail carrier robberies and mail theft, up from 24,000 in 2019, according to the US Postal Inspectors (USPIS).

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11/30/2022

BlockFi Looks to Recoup $680M Lost in FTX Collapse

PYMNTS.com

BlockFi reportedly will try to collect $680 million from Alameda Research.

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11/30/2022

U.S. Govt. Apps Bundled Russian Code With Ties to Mobile Malware Developer

Krebs on Security

A recent scoop by Reuters revealed that mobile apps for the U.S. Army and the Centers for Disease Control and Prevention (CDC) were integrating software that sends visitor data to a Russian company called Pushwoosh, which claims to be based in the United States

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11/29/2022

Why Fraudsters Are Big Fans of Real-Time Payments

PYMNTS.com

Real-time data. Online social networks. Real-time payments. For the fraudsters, it’s all a match made in heaven.

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11/29/2022

Report: Account takeover attacks spike – fraudsters take aim at fintech and crypto

Venture Beat

Sift’s latest Digital Trust & Safety Index – based on its global network of more than 34,000 sites and apps and a survey of over 1,000 consumers – details the rapid rise and evolution of account takeover (ATO) attacks.

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11/28/2022

A New Report Reveals Zelle Facilitated 'Rampant Fraud.' Here's How Consumers Have Been Impacted

The Ascent A Motley Fool Service

If you regularly use Zelle to send or receive money, you may want to rethink the practice, at least for now.

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11/28/2022

Trackdown: Help find suspect who robbed 16-year-old at gunpoint at Fort Worth ATM

Fox 4 News

FORT WORTH, Texas - In this week's Trackdown, Fort Worth police are investigating a robbery at an ATM near the TCU campus.

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11/28/2022

What SMBs Need to Know About Accepting Crypto

PYMNTS.com

Back in October — in what seems a lifetime ago in the cryptocurrency world — PYMNTS and BitPay’s “Shopping With Cryptocurrency” study found that “tech-driven” consumers, representing roughly 15% of all consumers and 22% of past or present cryptocurrency holders, are the most likely to transact with it.

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Alerts

Resources

Alerts

The FRPA alert system distinguishes us from other groups by gathering and providing information to law enforcement, retailers AND financial institutions.

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Resources

Resources

Your electronic library to help in fighting financial fraud for all of our partners.

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