Latest News

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.

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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.

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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

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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

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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.

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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.

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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.

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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

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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?

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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.

Details >
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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11/27/2022

Illinois man robbed two banks while on court-supervised release for two other bank heists

Fox News

Demontrion Deshan Phillips was on court-ordered supervised release for two 2017 bank robberies when he robbed two other banks

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11/27/2022

Online retailers should prepare for a holiday season spike in bot-operated attacks

CSO Online

On the naughty list this year are a host of bad actors employing a huge variety of different bot attacks that can have a big impact on retail websites. Fortunately, there are steps cybersecurity professionals can take to mitigate the risk from these cyber Grinches.

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11/27/2022

Black Friday scammers are after your credit card details

Cybernews

Fraudsters capitalize on the uptick in online shopping. Web threats, such as payment card skimming attacks against e-commerce stores, become much more prevalent this time of year.

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11/27/2022

Fraud investigators warn of ‘deposit fraud’ increase for young adults

NBC 15

MADISON, Wis. (WMTV) - People 30 and younger are increasingly susceptible to deposit fraud. Experts say college students are particularly vulnerable.

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11/27/2022

Straight Talk: Watch for scam posts in Facebook buy-and-sell groups

CantonRep.com

BBB is warning Facebook users that sharing a certain kind of attention-grabbing post might put their friends at risk of falling victim to a scam.

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11/23/2022

FIM & SCM: How they work together

Tripwire.com

IT environments in businesses are often volatile.

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11/23/2022

Missouri man writes demand note on birth certificate while robbing bank

New York Post

A Missouri man robbed a bank using a demand note written on the back of his own birth certificate — while he was also wearing an ankle monitor related to an earlier offense.

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11/23/2022

Feds offer $50,000 reward for information leading to arrest of mail master key thief in Broward

Local 10

TAMARAC, Fla. – The U.S Postal Inspection Service is offering a $50,000 reward for information leading to an arrest in the case of a recent theft in Broward County.

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11/23/2022

Supreme Court to Consider Identity Theft Case

Security Boulevard

William Dubin, a licensed psychologist in Austin, Texas, provided psychological services to a youth facility known as Williams House.

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11/23/2022

Identity Theft Protection Is Mostly BS

Lifehacker.com

These services claim to protect you from fraud, but you can do most of what they do yourself—for free.

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11/23/2022

Meta fires employees for allegedly hacking into user’s accounts

Cyber Security Hub

Internal documents allege that employees were paid thousands of dollars to hijack accounts

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11/22/2022

Man In US Takes Uber To Rob Bank, Makes Driver Wait Outside To Take Him Home

NDTV

This is very unusual way to commit an armed robbery in our city," Southfield Police Chief Elvin Barren said.

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11/22/2022

Straight Talk: Beware impostors offering veteran programs

The Alliance Review

Better Business Bureau serving Canton Region and Greater West Virginia offers tips and advice for consumers to avoid fraudulent practices.

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11/20/2022

Man Illegally Changed Check from $20 To $4,864: Westport Police

Patch Connecticut

WESTPORT, CT — A 27-year-old New York, New York, man was arrested on a warrant this week charging him larceny, forgery and related violations after Westport police said he illegally changed a check from $20 to $4,864 before depositing it into his own account.

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11/20/2022

Legal crypto expert on FTX: 'This really is a fraud first'

Yahoo Money

With calls to regulate crypto in the wake of FTX’s meltdown increasing, one legal expert says those demands are misplaced.

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11/20/2022

FTX Latest: Liquidators Say Firm’s Bankruptcy Is Unauthorized

Yahoo News

(Bloomberg) -- There’s “significant” concern that FTX management, led by Sam Bankman-Fried, lacked authority to put the crypto businesses into bankruptcy in the US, liquidators, appointed by a Bahamian court to take over FTX Digital Markets Ltd.’s affairs said.

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11/20/2022

Five ways to avoid identity theft this holiday season

Consumer Affairs

According to the Federal Trade Commission's (FTC) “Consumer Sentinel Network Data Book,” identity theft was the most common category of consumer complaints in both 2021 and 2022.

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11/20/2022

Sioux City Police say man arrested in Salix bank robbery linked to other robberies

Sioux City Journal

SIOUX CITY -- Sioux City Police arrested a man on multiple felony charges related to area robberies.

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11/20/2022

Worthington contractor solicited fake IDs for underage slaughterhouse workers

MinnPost

For the Strib, Christopher Vondracek says, “Court documents filed in Nebraska reveal that a Worthington, Minn., manager of a sanitation contractor solicited fake identification documents that obscured the age of children illegally hired to clean slaughterhouses in the Midwest.

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11/20/2022

Search continues for masked suspects who tied up bank workers during robbery on Martha’s Vineyard

Yahoo News

Police on Friday are continuing their search for a trio of suspects who tied up bank workers at gunpoint during a robbery on Martha’s Vineyard and then fled the area on Thursday morning.

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11/20/2022

Search continues for masked suspects who tied up bank workers during robbery on Martha’s Vineyard - UPDATED

Yahoo News

Police on Friday are continuing their search for a trio of suspects who tied up bank workers at gunpoint during a robbery on Martha’s Vineyard and then fled the area on Thursday morning.

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11/18/2022

Is Higher Fraud Risk an Unintended Consequence of Fed's New Debit Routing Rule?

PYMNTS.com

Last month, the Fed said it was officially ending debit network exclusivity across all channels. Beginning in 2023, all debit card issuers must enable merchants to choose at least two unaffiliated payment card networks to process transactions.

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11/18/2022

Minneapolis Woman Indicted for Orchestrating Multimillion-Dollar Accounts Receivable Factoring Scheme, PPP Loan Fraud

U.S. Attorney's Office District of Minnesota

MINNEAPOLIS – A federal grand jury returned an indictment against a Minneapolis woman for orchestrating an accounts receivable factoring fraud scheme and a PPP loan fraud scheme, announced U.S. Attorney Andrew M. Luger.

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11/18/2022

Man Charged for Participation in LockBit Global Ransomware Campaign

The United States Department of Justice

A criminal complaint filed in the District of New Jersey was unsealed today charging a dual Russian and Canadian national for his alleged participation in the LockBit global ransomware campaign.

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11/18/2022

Investigation Thwarts Brazen Bribery Scheme

FBI

Three people—an attorney, an elected official, and a businessman—engaged in an outrageous corruption scheme that involved paying for an elected official’s divorce. But an FBI investigation thwarted their efforts.

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11/18/2022

Fugitive Couple Extradited to the United States from Montenegro to Begin Prison Sentences for $20 Million Fraud

The United States Department of Justice

A California couple who fled to Montenegro to avoid serving lengthy prison sentences has been returned to the United States after approximately one year and two months as fugitives.

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11/17/2022

Researchers Quietly Cracked Zeppelin Ransomware Keys

Krebs on Security

Peter is an IT manager for a technology manufacturer that got hit with a Russian ransomware strain called “Zeppelin” in May 2020.

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11/17/2022

Schools in Jackson, Hillsdale counties will be closed a third day in a row due to cyber attack

Fox 47

JACKSON, Mich. — The ransomware attack that has crippled their shared critical operating systems for schools in both Jackson and Hillsdale counties will keep them closed at least one more day.

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11/17/2022

Cyberattacks On U.S. Airport Websites Signal Growing Threat To Critical Infrastructure

Forbes

The transportation industry appears to be waking up to a renewed specter of threats following a series of distributed denial-of-service (DDoS) attacks that temporarily took down several U.S. airport websites.

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11/17/2022

Target blames ‘organized retail crime’ for $400M loss in profits this year

NY Post

Target said it has lost a whopping $400 million in profits this year thanks to organized gangs of shoplifters who have been systematically stealing merchandise from its discount stores.

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11/17/2022

Check Fraud Is on the Rise — Here’s What You Need to Know

Katie Couric Media

As if we needed another thing to worry about, an age-old trick to swindle money out of Americans is on the rise again. Criminals are increasingly targeting mailboxes to illegally pilfer other people’s checks, and the U.S. Postal Service is taking notice.

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11/17/2022

Disneyland Malware Team: It’s a Puny World After All

Krebs on Security

A financial cybercrime group calling itself the Disneyland Team has been making liberal use of visually confusing phishing domains that spoof popular bank brands using Punycode, an Internet standard that allows web browsers to render domain names with non-Latin alphabets like Cyrillic.

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11/17/2022

'Check-washing' scam hits Wellington businesses

WPTV 5

WELLINGTON, Fla. — A bank of mailboxes at the Wellington Plaza was targeted by a check-washing thief who appears to be cashing in.

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11/17/2022

Suspect says he was paid to cash fraudulent checks

yourbasin.com

ODESSA, Texas (KMID/KPEJ)- An Odessa man was arrested earlier this month after allegedly cashing fraudulent, possibly stolen, checks. Wesley Kemp, 44, has been charged with Forgery.

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11/17/2022

Orange County Man and Sacramento Man Sentenced to Prison for Participating in Massive Fraud and Money Laundering Conspiracy

US Attorney's Office Central District of California

LOS ANGELES – Two California men today received prison sentences of up to 11 years for participating in an extensive multimillion-dollar conspiracy – much of it committed by Nigerian nationals – that perpetrated a wide variety of frauds, including business email compromise (BEC) fraud, romance scams, elder fraud and fraud using malware.

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11/17/2022

CRIME STOPPERS: Have you seen this woman wanted for ID theft in Greene County?

KY3

This week’s Crime Stoppers fugitive is Angela Lynette McNair. Springfield police say the 49-year-old also goes by the alias, Angela Clark. She’s wanted on felony warrants for probation violation in two counties.

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11/16/2022

Suspect in Salix, IA bank robbery identified; also tied to two other Siouxland robberies

KTIV Sioux City IA

SALIX, Iowa (KTIV) - The Sioux City Police Department released a statement Monday night identifying the suspect in an afternoon bank robbery in Salix, Iowa.

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11/16/2022

Watchdog Finds Flourishing Black Market on Facebook for Fraudulent Ad Accounts

Ecommercetimes.com

A technology platform watchdog group reported Monday that it had found more than 100 Facebook groups, some with tens of thousands of members, where business management accounts are bought and sold in violation of the social network’s rules.

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11/16/2022

A new Tinder Swindler? ISIS using dating app to fund terrorism: Report

EnglishAlarabiya.net

The Netflix true-crime documentary ‘Tinder Swindler,’ which told the story of how a young Israeli conman used the popular dating app to lure women into sending him thousands of dollars to support his lavish lifestyle, sent shockwaves around the globe earlier this year.

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11/16/2022

49% of Consumers Use Digital Wallets to Pay Bills

PYMNTS.com

Contactless payment for purchases at the point of sale (POS) have been gaining traction, in the aisles and at payment terminals. But the use of digital wallets across a variety of use cases gaining ground too.

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11/15/2022

HSI Houston warns public to beware of imposters spoofing legitimate law enforcement phone numbers

ICE.gov

HOUSTON – Homeland Security Investigations (HSI) Houston is warning the public to beware of scammers spoofing legitimate law enforcement phone numbers and impersonating HSI special agents or other federal, state and local law enforcement personnel.

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11/15/2022

Investors Pull Funds From Crypto.com After $400M Mishap

PYMNTS.com

Cryptocurrency exchange Crypto.com is trying to reassure investors following a weekend that saw customers pull millions in funds after its chief executive announced that the company had mishandled a $400 million transaction.

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11/15/2022

EXPLAINER: What's happening at bankrupt crypto exchange FTX?

The Hour

The imploding cryptocurrency trading firm FTX is now short billions of dollars after experiencing the crypto equivalent of a bank run.

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11/15/2022

Former firefighter sentenced for two bank robberies

News Talk KZRG

A man from Bixby, Oklahoma was sentenced Wednesday in federal court for robbing two Oklahoma banks of nearly $320,000, announced U.S. Attorney Clint Johnson.

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11/15/2022

Identity Data Takes on Commercial Use Cases Beyond Fighting Fraud

PYMNTS.com

As fraud prevention experts work to thwart shadowy foes, the identity data that is central to detecting and stopping theft has other uses that are emerging alongside new fraud-fighting tools.

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11/15/2022

BBB warns against scammers taking advantage of open enrollment for Medicare, ACA

WMTV Madison

MADISON, Wis. (WMTV) - Enrollment for Medicare or Affordable Care Act (ACA) coverage is back open and the Wisconsin Better Business Bureau (BBB) has noticed an uptick in scammers who see the time as a way to trick people into giving them money and information.

Details >
11/15/2022

Top Zeus Botnet Suspect “Tank” Arrested in Geneva

Krebs on Security

Vyacheslav “Tank” Penchukov, the accused 40-year-old Ukrainian leader of a prolific cybercriminal group that stole tens of millions of dollars from small to mid-sized businesses in the United States and Europe, has been arrested in Switzerland, according to multiple sources.

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11/13/2022

Thieves steal checks from mail, use check washing tactics to alter them and steal thousands

7 ABC Eyewitness News

CHICAGO (WLS) -- Thieves are snagging checks from the mail and using check washing tactics to alter them and steal from you.

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11/13/2022

Letters to the Editor: A reporter turned her identity theft hell into a valuable public service for readers

LA Times

To the editor: A heartfelt thank you to Times reporter Jessica Roy for sharing her harrowing identity theft saga.

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11/13/2022

Charity scams for veterans tug at heart strings and grab for wallets

FTC

Want to help charities that support servicemembers and veterans? Around Veterans Day, charity scammers seek to take advantage of your generosity.

Details >
11/13/2022

Denver police ask for public's help identifying bank robbery suspect

CBS News

Denver police and the Rocky Mountain Safe Streets Task Force are asking for the public's help in identifying a bank robber.

Details >
11/13/2022

Eight Individuals Indicted And Arrested For Bank And Wire Fraud, Money Laundering, And Aggravated Identity Theft

Shore News Network

SAN JUAN, Puerto Rico – On October 28, 2022, a federal grand jury returned a 40-count superseding indictment charging eight individuals with conspiracy to commit bank fraud, wire fraud, access device fraud, aggravated identity theft, and money laundering conspiracy.

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11/13/2022

FBI, OST investigating Kyle armed robbery

KOTATV

RAPID CITY, S.D. (KOTA) - Oglala Sioux Tribe police and the FBI are investigating a Monday morning robbery in Kyle.

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11/13/2022

Lincoln Co. deputies searching for armed robbery suspects

WBTV

DENVER, N.C. (WBTV) - Lincoln County Sheriff’s detectives are looking for two men who robbed a bank in Denver Monday morning.

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11/13/2022

Inter-Agency Working Group Releases New Report on Treasury Market Resilience Efforts

U.S. Department of the Treasury

WASHINGTON– The Inter-Agency Working Group on Treasury Market Surveillance (IAWG)—which is composed of staff from the U.S. Department of the Treasury, the Board of Governors of the Federal Reserve System, the Federal Reserve Bank of New York, the U.S. Securities and Exchange Commission, and the U.S. Commodity Futures Trading Commission—today issued a staff progress report to provide an update on a wide range of significant steps its members have taken to enhance the resilience of the U.S. Treasury market.

Details >
11/10/2022

‘He Got Burnt’: How One of Instagram’s Biggest Fraudsters Was Brought Down

Vice.com

Ramon Abbas, alias Hushpuppi, has been jailed for 11 years for wire fraud, money laundering and identity theft. His friends told VICE World News how they hoped against hope he was legit.

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11/10/2022

Fraud Detection and Prevention Market worth $83.6 billion by 2028 - Exclusive Market Research Report by Markets N Research

Yahoo Finance

The fraud detection and prevention market is dominated by a few key manufacturers operating in the market are Iovation Inc. (U.S.), IBM Corporation (U.S.), CardinalCommerce Corporation (U.S.), Oracle Corporation (U.S.), Experian PLC (Ireland), PayPal Holdings Inc. (U.S.), Distil Networks Inc. (U.S.), LexisNexis Risk Solutions Company (U.S.), Accertify Inc. (U.S.) and F5 Networks Inc. (U.S.).

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11/10/2022

US Attorney Seizes $3.6 Billion From Silk Road Dark Web Fraud – Second-Largest Crypto Seizure in History

Cryptonews.com

The US Department of Justice (DOJ) has seized 50,676 BTC worth around $3.36 billion in its second-largest crypto seizure in history.

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11/10/2022

Four ways companies can protect IoT devices from cyber attacks

Connected Real Estate Magazine

Internet of Things (IoT) devices can be invaluable to companies as they can operate their security camera systems, locks, lighting, heating and cooling systems and more through wireless connectivity.

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11/10/2022

Lawsuit Seeks Food Benefits Stolen By Skimmers

Krebs on Security

A nonprofit organization is suing the state of Massachusetts on behalf of thousands of low-income families who were collectively robbed of more than a $1 million in food assistance benefits by card skimming devices secretly installed at cash machines and grocery store checkout lanes across the state.

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11/10/2022

Your ‘Check’s In The Mail:’ How To Avoid Stolen Check-Washing Scam

Forbes

If you like mailing checks for certain expenses, then you should be aware that thieves are stealing checks from the mail and using account numbers to write bogus checks.

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11/10/2022

NATO Secretary General warns of growing cyber threat

NATO

NATO Secretary General, Jens Stoltenberg, spoke today (10 November 2022) at NATO’s 2022 Cyber Defence Pledge conference in Rome.

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11/08/2022

Bank robberies surge in the Big Apple, up 42% in 2022

NY Post

Big Apple bank robberies have shot up 42% this year, with one midtown TD Bank hit an eye-popping four times.

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11/08/2022

The Opportunity Before Congress on Crypto Legislation

Blog.chainalysis.com

In the wake of the White House’s release of their Comprehensive Framework for Responsible Development of Digital Assets, which made a number of recommendations for congressional action, much of the crypto policy focus in Washington has now turned to a few key bills on the Hill. The top issues at hand are:

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11/08/2022

Former Home Depot Employee Pleads Guilty In Credit Card Fraud Scheme

US Attorney's Office Middle District of Florida

Jacksonville, Florida – United States Attorney Roger B. Handberg announces that Kimyada Latoya Knight (41, Jacksonville) has pleaded guilty to credit card fraud. Knight faces a maximum penalty of 15 years in federal prison and payment of restitution to Home Depot.

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11/07/2022

Dropbox suffers data breach following phishing attack

Cyber Security HUB

Cloud storage company Dropbox has suffered a data breach after its employees were targeted by a phishing attack.

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11/07/2022

Better Business Bureau launches new tool to help people identify scams

10 WBNS

BBB's new scam tracker is now available, making it easier to double-check suspicious calls, texts or emails, and to report one.

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11/07/2022

Federal Reserve’s Next 3 Years Include Instant Payments ‘Easy Button’

PYMNTS.com

The term “central bank” brings to mind thoughts of stability, resilience and trust, all things that have been part of the Federal Reserve’s DNA for more than a century.

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11/07/2022

Feds announce seizure of $3.36 billion in bitcoin stolen a decade ago from illegal Silk Road marketplace—the second-largest crypto recovery

CNBC

The U.S. Department of Justice announced Monday that it seized about $3.36 billion in stolen bitcoin during a previously unannounced 2021 raid on the residence of James Zhong.

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11/07/2022

3rd Bank Robbery In 1 Week: Plainfield's BMO Harris Hit, FBI Says

Patch.com Illinois

BMO Harris is the third Plainfield-area bank — all on Route 59 — to be robbed within a week.

Details >
11/07/2022

LinkedIn Adds Verified Emails, Profile Creation Dates

Krebs on Security

Responding to a recent surge in AI-generated bot accounts, LinkedIn is rolling out new features that it hopes will help users make more informed decisions about with whom they choose to connect.

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11/07/2022

The biggest cyber attacks of 2023

BCS.org

From nation states launching attacks to crypto thefts and crypto ransoms, 2022 was a dramatic year for organisations and for security practitioners alike. We’ll keep track of 2023’s biggest attacks and explore what we can learn from each.

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11/07/2022

Putting One-Time Passwords Out to Pasture

PYMNTS.com

The one-time password — OTP for short — was an ingenious cybersecurity stopgap that worked for a while. But fraud never sleeps, and they’ve cracked the OTP code.

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11/07/2022

Instant and Automated Payments Make Tempting Targets for Fraud

PYMNTS.com

Faster B2B payments, back-office automation and alternative payments are all advancing rapidly, but these advances are creating new opportunities for fraudsters, so expect the innovation war between legitimate businesses and bad actors to heat up, not cool off.

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11/03/2022

At a Glance: Synthetic Identity Fraud Mitigation Providers

The Federal Reserve FedPayments Improvement

Financial institutions and fraud professionals can choose from a large number of anti-fraud products and services.

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11/03/2022

Hacker Charged With Extorting Online Psychotherapy Service

Krebs on Security

A 25-year-old Finnish man has been charged with extorting a once popular and now-bankrupt online psychotherapy company and its patients.

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11/02/2022

Department of Social Services addresses rise in EBT fraud

KESQ Channel 3

The Riverside Department of Social Services is warning the public about a new scam targeting some of the most vulnerable people who rely on state benefits.

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11/02/2022

Female robber threatened to shoot tellers at Franklin County bank, police say

Public Opinion

Pennsylvania State Police are investigating a robbery at a Franklin County bank that happened Tuesday morning.

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11/02/2022

U.S. banks processed roughly $1.2 billion in ransomware payments in 2021, according to federal report

CNBC

U.S. banks and financial institutions processed roughly $1.2 billion in likely ransomware payments in 2021, a new record and almost triple the amount of the previous year, according to a federal financial crimes watchdog.

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11/02/2022

Boise bank robbery suspect arrested, also accused of attacking K-9

KTVB 7

The robbery occurred Monday afternoon at a bank along Fairview near Cole Road.

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11/02/2022

4 essential ways for businesses to prioritize cybersecurity

Washington Business Journal

As our society and our businesses become more "online" than ever before, they are also becoming more vulnerable. Two statistics in particular tell the story of the threat small businesses face:

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11/02/2022

Federal Jury Finds Maple Grove Man Guilty of Wire Fraud, Aggravated Identity Theft in $1.4 Million Medicaid Fraud Conspiracy

US Attorney's Office District of Minnesota

ST. PAUL, Minn. - A Maple Grove man has been convicted by a federal jury for his role in a $1.4 million Medicare fraud conspiracy, announced United States Attorney Andrew M. Luger.

Details >
11/02/2022

FinCEN Says Ransomware Attacks Reported by FIs Leapt 108% in 2021

PYMNTS.com

The number of ransomware attacks reported by financial institutions (FIs) and occurring in 2021 was double the number that occurred during the previous year.

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11/01/2022

Four Defendants Arrested in Virginia and Texas for Role in ATM Larceny

U.S. Attorney's Office District of South Dakota

SIOUX FALLS - United States Attorney Alison J. Ramsdell announced that four Houston, Texas- based men have been indicted by a federal grand jury for Bank Larceny and Transportation of Stolen Property or Money.

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11/01/2022

Revealed – the form of cyber attack on the rise

Insurance Business Magazine

Fraudulent instruction as a form of cyber attack is on the rise, according to new data from specialty insurer Beazley.

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11/01/2022

Accused ‘Raccoon’ Malware Developer Fled Ukraine After Russian Invasion

Krebs on Security

A 26-year-old Ukrainian man is awaiting extradition from The Netherlands to the United States on charges that he acted as a core developer for Raccoon, a popular “malware-as-a-service” offering that helped paying customers steal passwords and financial data from millions of cybercrime victims.

Details >
11/01/2022

Putting One-Time Passwords Out to Pasture

PYMNTS.com

The one-time password — OTP for short — was an ingenious cybersecurity stopgap that worked for a while. But fraud never sleeps, and they’ve cracked the OTP code.

Details >
10/30/2022

Money Laundering in Marshall, DeSoto County

WREG.com

MEMPHIS, Tenn. (WREG)– Fourteen people in Marshall County and DeSoto County were arrested Wednesday for allegedly conspiring to fraudulently obtain funds through the Payroll Protection Program of the U.S. Small Business Administration, the U.S. Department of Justice announced.

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10/30/2022

SNAP Benefits Update: What to Do If Scammers Steal Your Food Stamps Payments

Latin Post

The United States Agriculture Department has earlier warned SNAP benefits payments recipients about various SNAP benefits scams reported in various states. Some states are even reporting hundreds of thousands of dollars in stolen SNAP benefits.

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10/30/2022

TCH Sees ‘Mindset Shift’ Driving Integrated Instant Payments Gains

PYMNTS.com

As much as COVID-19 gave digital tech and payments a boost, many industry experts think the next three years may hold similarly grand advancements, particularly when it comes to faster payments.

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10/30/2022

Three men arrested in connection to Butte bank robbery

KXLF

BUTTE — Three young men from Kalispell were arrested in connection with the September robbery of the Butte branch of the Wells Fargo Bank, according to Butte Sheriff Ed Lester.

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10/27/2022

Chinese state-sponsored hackers have become more brazen, prompting an NSA advisoryt

CyberScoop

Increasingly bold Chinese state-sponsored hackers are actively using known vulnerabilities to gain access to sensitive networks, a dynamic National Security Agency cyber chief Rob Joyce called a “major threat” to critical infrastructure and election security on Thursday.

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10/27/2022

Mobile Check Deposit Offers Tempting Fraud Target

PYMNTS.com

Despite rallying cries like “kill the paper check,” this form of payment survived the pandemic digital shift, remaining popular as a form of mass disbursement — and a favorite of fraudsters.

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10/27/2022

How to recognize a fake Geek Squad renewal scam

FTC

Scammers are at it again, impersonating well-known businesses and trying to rip people off.

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10/27/2022

West Sacramento Woman Pleads Guilty to Mail Fraud and Aggravated Identity Theft

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

SACRAMENTO, Calif. — Kimberly Acevedo, 52, of West Sacramento, pleaded guilty today to one count of mail fraud and one count of aggravated identity theft, U.S. Attorney Phillip A. Talbert announced.

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10/27/2022

Report: 24 million U.S. households have fallen victim to account takeover fraud

Venture Beat

According to a new report by SEON, around 24 million U.S. households have fallen victim to a form of account takeover (ATO) fraud in the past year.

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10/27/2022

Ticketing Service Discloses Embarrassing Credit Card Data Breach Lasting 2.5 Years

Hot Hardware

See Tickets, an online event ticket vendor that services both Europe and North America, has disclosed a major data breach affecting its payment processing portals.

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10/27/2022

Japan to allow wage payments to digital wallets from April

Kyodo News

Japan is planning to start allowing companies to pay wages to digital payment apps like PayPay and Rakuten Pay from April, the labor ministry said Wednesday, in a bid to promote cashless payments as a way to stimulate the economy.

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10/27/2022

Scam Alert: Bank fraud text scams

Nebraska TV

OMAHA, Neb. — A Nebraska resident recently lost hundreds of dollars because of a bank fraud text scam.

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10/27/2022

LinkedIn Phishing Spoof Bypasses Google Workspace Security

Dark Reading

A credential-stealing attack that spoofed LinkedIn and targeted a national travel organization skates past DMARC and other email protections.

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10/25/2022

9 Investigates: Thieves can steal checks from the mail and sell them on the dark web

WOCTV

You write a check and drop it in the mail. That should be safe, right?

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10/25/2022

Update: Cyberattack suspected in Erie County 911's nearly 2-hour service malfunction

Go Erie

For five hours Sunday night and into Monday morning, a deactivated wireless device in the city of Erie called Erie County 911 every seven seconds — approximately 750 times — from 8:55 p.m. Sunday to 2 a.m. Monday, crippling dispatchers' ability to field emergency calls and maxing out the backup system.

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10/25/2022

Half of staff might quit after a cyber attack, report says

Computer Weekly

Experiencing a cyber attack can be so discombobulating for ordinary employees that over half of office workers say they would reconsider working for a company that had recently fallen victim to an incident, with only a third saying they would be unphased.

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10/25/2022

Outsourcer Interserve fined £4.4m for failing to stop cyber-attack

The Guardian

Britain’s data watchdog has fined the construction group Interserve £4.4m after a cyber-attack that enabled hackers to steal the personal and financial information of up to 113,000 employees.

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10/25/2022

Former New York CU Employee Allegedly Involved in ID Theft Ring

CU Times

A former employee of the $5.5 billion Broadview Federal Credit Union (formerly SEFCU) in Albany, N.Y., was arrested for her alleged involvement in a identify theft ring that stole $100,000, according to police investigators.

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10/25/2022

Woman convicted in Le Mars bank robbery escaped federal custody, now back under arrest

KTIV Sioux City IA

SIOUX CITY (KTIV) - A woman who escaped federal custody earlier this year in Sioux City has been arrested in Minneapolis, Minnesota.

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10/23/2022

Cybersecurity News Round-Up: Week of October 17, 2022

Security Boulevard

Hello and welcome back to our weekly cybersecurity news round-up. The biggest story of the week is undoubtedly in Australia. The country is grappling with a massive cyber attack that’s impacted the country’s largest health insurer, Medibank Private Ltd.

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10/23/2022

Thieves have stolen $250,000 worth of checks from metro post office

WSB-TV 2

DUNWOODY, Ga. — Thieves have swiped more than $250,000 in checks that police say were dropped in postal mailboxes or inside a metro post office.

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10/20/2022

Battle with Bots Prompts Mass Purge of Amazon, Apple Employee Accounts on LinkedIn

Krebs on Security

On October 10, 2022, there were 576,562 LinkedIn accounts that listed their current employer as Apple Inc.

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10/19/2022

Suspected Utah serial bank robber arrested in Colorado

KUTV 2

GREENWOOD VILLAGE, Colo. (KUTV) — A suspected serial bank robber accused of numerous robberies in Utah was arrested by authorities in Colorado.

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10/19/2022

How Card Skimming Disproportionally Affects Those Most In Need

Krebs on Security

When people banking in the United States lose money because their payment card got skimmed at an ATM, gas pump or grocery store checkout terminal, they may face hassles or delays in recovering any lost funds, but they are almost always made whole by their financial institution.

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10/19/2022

Scammers are posing as your TV and internet company

FTC

Did Spectrum or another provider call with an offer to lower your monthly TV, cable, or internet bill in exchange for a pre-payment or fee?

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10/18/2022

Vulnerability Scanning vs. Penetration Testing

Tripwire

One of the most important parts of a solid security program involves testing to see where your weaknesses lie.

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10/18/2022

O2 scam call: 40% discount and free upgrade scams

The Money Edit

Mobile phone users are being warned about a “dramatic increase” in scam calls from fraudsters offering a free upgrade to an expensive handset or a 40% saving off their bill.

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10/18/2022

Would-be thieves blow up ATM in Palmdale, but fail to get any cash

ABC 7

PALMDALE, Calif. (KABC) -- Someone blew up an ATM in Palmdale but apparently was unable to get any of the cash inside, officials say.

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10/16/2022

Anti-Money Laundering Service AMLBot Cleans House

Krebs on Security

AMLBot, a service that helps businesses avoid transacting with cryptocurrency wallets that have been sanctioned for cybercrime activity, said an investigation published by KrebsOnSecurity last year helped it shut down three dark web services that secretly resold its technology to help cybercrooks avoid detection by anti-money laundering systems.

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10/14/2022

Types of Identity Theft

US News

To protect yourself from any kind of ID theft, it's important to be careful with your personal information

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10/14/2022

Why bank robbing has gone out of style

NY Post

Bank robbery is a high-profile crime that fascinates many people.

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10/13/2022

Cross-Border Demands Banks Get Ready for ‘Clearing 2.0’

PYMNTS.com

As real-time payments networks operate across the globe — FedNow in the U.S. and Faster Payments in the U.K., to name just two examples — those systems still need to communicate with one another as payments cross borders. Data needs to flow, in real time, across currencies and time zones.

Details >
10/12/2022

Microsoft Patch Tuesday, October 2022 Edition

Krebs on Security

Microsoft today released updates to fix at least 85 security holes in its Windows operating systems and related software, including a new zero-day vulnerability in all supported versions of Windows that is being actively exploited.

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10/12/2022

Attorney General Bonta Announces 56 Arrests in $5 Million Postal Theft and Fraud Operation - Suspects Allegedly Stole Money from Hundreds of Victims Across California

goldrushcam.com

October 10, 2022 - PASADENA – California Attorney General Rob Bonta last week, announced the arrests of 56 individuals involved in a scheme resulting in the theft of nearly $5 million from hundreds of people in a widespread mail theft and postal fraud operation.

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10/11/2022

'They are traumatized': Armed robber targeting Chicago postal carriers for master keys, police warn

ABC 7 News Chicago

CHICAGO (WLS) -- Chicago police are warning of an armed robber who is targeting postal carriers.

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10/11/2022

Meta Lists 400 Credential-Stealing Mobile Apps That Compromised 1M Facebook Users

Spice Works

According to Meta, these 400 iOS and Android apps are designed specifically to steal Facebook usernames and passwords.

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10/09/2022

Hackers knock some U.S. airport websites offline

The Washington Post

Airports in Los Angeles and Atlanta were among those affected. Officials say there was no effect on operations

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10/09/2022

Info expected to emerge slowly in hospital chain cyberattack

The Washington Post

CHICAGO — Details of an apparent cyberattack on one of the largest health systems in the U.S. were slow to emerge as security experts on Friday warned that it often takes time to assess the full impact on patients and hospitals.

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10/09/2022

Dozens arrested in massive mail theft scheme involving nearly $5M in losses

ABC 7 Chicago

PASADENA, Calif. -- More than 80 people are facing grand theft, money laundering and conspiracy charges after a massive mail theft investigation revealed they stole nearly $5 million from hundreds of victims across California, authorities announced on Friday.

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10/05/2022

ACH holiday fraud: Check your lists and check them twice

CUNA

This holiday season, you jolly well better be prepared for more fraud.

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10/05/2022

Senate report finds increasing cases of fraud, scams on Zelle

PBS.org

NEW YORK (AP) — Incidents of fraud and scams are occurring more often on the popular peer-to-peer payment service Zelle, according to a report issued Monday by the office of Sen. Elizabeth Warren, giving the public its first glimpse into the growing problems at Zelle.

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10/05/2022

Social Media Account Hijacking Jumps 1,000% in Last 12 Months: Report

Ecommercetimes.com

Hijacking of social media accounts has reached epidemic proportions in the last 12 months, according to the Identity Theft Resource Center.

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10/05/2022

Software supply chains at risk: The account takeover threat

TechRepublic

This kind of attack is very difficult to detect and might lead to full compromise of systems, leading to cyberespionage or financial crime.

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10/04/2022

Fake CISO Profiles on LinkedIn Target Fortune 500s

Krebs on Security

Someone has recently created a large number of fake LinkedIn profiles for Chief Information Security Officer (CISO) roles at some of the world’s largest corporations.

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10/04/2022

Microsoft: Two New 0-Day Flaws in Exchange Server

Krebs on Security

Microsoft Corp. is investigating reports that attackers are exploiting two previously unknown vulnerabilities in Exchange Server, a technology many organizations rely on to send and receive email.

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10/04/2022

Scammers are stealing identities using phone SIM cards, FBI warns

KJZZ

Scammers are finding new ways to access people’s personal data, like social media, email and digital payment methods. But there are ways to prevent this.

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10/04/2022

3 St. Paul fast food restaurants robbed in space of an hour

Bring Me The News

Three fast-food restaurants were robbed at gunpoint in St. Paul in the space of 45 minutes Friday evening.

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10/03/2022

CPAP Clinic Employees Found Guilty of Embezzling from Employer

US Attorney's Office District of Minnesota

MINNEAPOLIS – A federal jury convicted two men of mail fraud and conspiracy for embezzling several hundred thousand dollars from Park Nicollet Health Services, announced U.S. Attorney Andrew M. Luger.

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10/03/2022

3 postal workers arrested, part of $1.3 million credit card theft scheme, feds say

Fox Carolina

(CNN) - Three U.S. postal workers were arrested Thursday in an alleged $1.3 million fraud and identity theft scheme.

Details >
10/03/2022

Homeowner, check washing scams loom ahead of fall season, BBB warns

ABC Chicago

CHICAGO (WLS) -- Fall brings in new scams. The Better Business Bureau is urging homeowners to be alert of the most common scams during this time of year.

Details >
09/28/2022

Your Guide to the Latest Email Fraud and Identity Deception Trends

The State of Security

There’s a high chance that you or someone you know has been impacted by email fraud or identity theft. At the very least, you’ve likely received a variety of spam emails and text messages asking to provide a payment or confirm your identity.

Details >
09/28/2022

Best Line of Payments Fraud Defense: A Harder Target

PYMNTS.com

No matter where you look, fraud attacks on banks and merchants are on the rise. The fraudsters are getting more creative in their schemes, leveraging the great digital shift to make the unwitting customers themselves the gateways to fraud.

Details >
09/27/2022

Stop Zelle Scams Before Thieves Get Anywhere Near Your Money

Cnet.com

At last Thursday's Annual Oversight of the Nation's Largest Banks hearing, Zelle scams took center stage early as Senate Banking Committee Chairman Sherrod Brown accused the CEOs of the seven biggest US banks of not doing enough to protect customers against fraud.

Details >
09/25/2022

25 Investigates: Mail stolen from collection box outside local post office

Yahoo Finance

25 Investigates has learned that Needham Police are investigating mail theft from a blue collection box located right outside the US Post Office on Great Plain Ave.

Details >
09/25/2022

Nacha Issues a New ‘Framework’ Aimed at Shifting Industry Emphasis to Credit Push Frauds

Digital Transactions

As payments fraud grows more threatening by the year, a report on Thursday from the governing body for the automated clearing house network recommends the payments industry shift its emphasis from combatting unauthorized debits to preventing crimes involving credit payments.

Details >
09/25/2022

Bank CEOs see Zelle as tool to fight fraud

ABA Banking Journal

The CEOs of the seven largest retail banks appeared before Congress today for the second of two days of hearings, defending the Zelle peer-to-peer payments network and assuring lawmakers that their institutions reimburse customers for unauthorized payments.

Details >
09/25/2022

“Grandparent” Scam Resulted in Loss of More Than $3 Million

The Financial

Ulysse and His co-Conspirators Submitted at least 143 Fraudulent Unemployment Applications in the Names of Identity Theft Victims and Scammed at least 83 Elderly Victims Across the United States

Details >
09/25/2022

Gaming Cyber Attacks Are On The Rise - But What Is At Risk?

Digital Information World

Cyberattacks on gaming sites are becoming increasingly common, up 167% in the past year. But how much personal data do game developers really hold, and is it something that consumers should be concerned about?

Details >
09/25/2022

Victim family speaks out after Minneapolis cell phone theft ring busted

Fox 9

MINNEAPOLIS, Minn. (FOX 9) - One metro area family is speaking out, sharing their story of how thieves stole their cell phone and how quickly they attempted to drain their online financial apps, in hopes of helping others.

Details >
09/23/2022

SIM Swapper Abducted, Beaten, Held for $200k Ransom

Krebs on Security

A Florida teenager who served as a lackey for a cybercriminal group that specializes in cryptocurrency thefts was beaten and kidnapped last week by a rival cybercrime gang.

Details >
09/23/2022

Accused Russian RSOCKS Botmaster Arrested, Requests Extradition to U.S.

Krebs on Security

A 36-year-old Russian man recently identified by KrebsOnSecurity as the likely proprietor of the massive RSOCKS botnet has been arrested in Bulgaria at the request of U.S. authorities.

Details >
09/23/2022

Man in custody after alleged bank robbery attempt in Bigfork

Yahoo News

Sep. 22—A man is in custody after allegedly attempting to rob Glacier Bank in Bigfork on Tuesday.

Details >
09/23/2022

‘Serial bank robber’ switches to identity theft, bank fraud

mlive.com

DETROIT – A convicted “serial bank robber” has been sentenced to nearly six years in prison after admitting to stealing the identities of 10 people to open fraudulent credit accounts and then spending $119,000 on them, officials announced.

Details >
09/23/2022

Identity Theft Insurance: What It Is And What It Covers

Forbes Advisor

Imagine checking your credit report only to find an unfamiliar account. There’s a new credit card in your name, full of purchases you never made. You may be the victim of identity theft. Cases have been on the rise.

Details >
09/23/2022

Quantum ready

Fraud Magazine

How a new frontier in computing might change the fight against fraud forever

Details >
09/23/2022

UK Bill Will Make It Easier to Seize Crypto in Money Laundering Cases

PYMNTS.com

A proposed law in the U.K. will make it easier for law enforcement to seize, freeze and recover cryptocurrency used by criminals to launder profits from illegal activity.

Details >
09/20/2022

Dozens of people report checks being stolen out of box at North Royalton post office, then altered and cashed

5 News Cleveland

NORTH ROYALTON, Ohio — When you drop something into the mail, you expect it to go where you want it to go.

Details >
09/20/2022

What do you mean by Identity Verification? Why is Identity Verification an important process?

Security Boulevard

Ever since the digital transformation in banking, we have seen a giant shift towards digital onboarding in financial services.

Details >
09/20/2022

Serial Bank Robber Sentenced to Prison for Bank Fraud

Department of Justice U.S. Attorney's Office Eastern District of Michigan

DETROIT – A man previously convicted and imprisoned for four bank robberies was sentenced last week to 71 months in federal prison for stealing the identities of ten people to commit bank fraud, announced United States Attorney Dawn N. Ison.

Details >
09/20/2022

Feeding Our Future: 47 people charged in $250M fraud scheme

Fox 9

MINNEAPOLIS (FOX 9) - The founder of Feeding Our Future and 46 others have been charged in what federal officials are calling the largest pandemic fraud in the country.

Details >
09/20/2022

Cape Coral man arrested, accused of check fraud, stealing over $100K

WINK News

A man was arrested Tuesday morning after Cape Coral police say he used personal information to make counterfeit checks and stole over $100,000.

Details >
09/19/2022

FBI and CISA Responded to a Cyber Attack and Ransomware Incident on Los Angeles School District (LAUSD)

CPO Magazine

The Los Angeles Unified School District (LAUSD) suffered a cyber attack over the Labor Day holiday weekend, causing “significant disruption” to its digital infrastructure.

Details >
09/14/2022

Three Iranian Nationals Charged with Engaging in Computer Intrusions and Ransomware-Style Extortion Against U.S. Critical Infrastructure Providers

The United States Department of Justice

An indictment was unsealed today charging three Iranian nationals with allegedly orchestrating a scheme to hack into the computer networks of multiple U.S. victims.

Details >
09/14/2022

Say Hello to Crazy Thin ‘Deep Insert’ ATM Skimmers

Krebs on Security

A number of financial institutions in and around New York City are dealing with a rash of super-thin “deep insert” skimming devices designed to fit inside the mouth of an ATM’s card acceptance slot.

Details >
09/14/2022

Treasury Sanctions IRGC-Affiliated Cyber Actors for Roles in Ransomware Activity

U.S. Department of the Treasury

WASHINGTON — Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned ten individuals and two entities for their roles in conducting malicious cyber acts, including ransomware activity.

Details >
09/14/2022

Scammers involved in phishing, romance scheme sentenced to prison in MN federal case

KARE 11

Two Nigerian nationals stole more than $2 million from businesses and regular people across the country.

Details >
09/14/2022

Woman carjacked, robbed in Arden Hills

KARE 11

Ramsey County sheriff's officials say an armed man approached a 61-year-old woman in an underground parking garage and forced her to withdraw cash from an ATM.

Details >
09/14/2022

Man armed with a gun robs PNC Bank in Battle Creek

WWMT News Channel 3

BATTLE CREEK, Mich. — Battle Creek officers are looking for a man accused of robbing a PNC Bank Monday.

Details >
09/14/2022

I Was Almost Scammed Out of $80K: How a Suspicious Check Tipped Me Off

Go Banking Rates

When Joe Schulz*, a small-business owner based in New Jersey, received a new customer order from a company based in Dubai, he felt that something may be off.

Details >
09/14/2022

Five years after the Equifax data breach, how safe is your data?

Bankrate

Five years ago, a massive data breach occurred. On Sept. 7, 2017, the Equifax credit bureau publicly revealed its computer networks had suffered a data leak that exposed the personal information of 143 million consumers, a number later raised to 147 million.

Details >
09/14/2022

Wormable Flaw, 0days Lead Sept. 2022 Patch Tuesday

Krebs on Security

This month’s Patch Tuesday offers a little something for everyone, including security updates for a zero-day flaw in Microsoft Windows that is under active attack, and another Windows weakness experts say could be used to power a fast-spreading computer worm.

Details >
09/14/2022

Why Banking Apps Need to Be More Than Just Banking Apps

PYMNTS.com

Consumers are using mobile banking apps like never before.

Details >
09/12/2022

FTC Brings Together Advisory Group to Combat Scams Against Older Adults

FTC

Keeping older adults safe from fraud and scams is a top priority for the FTC.

Details >
09/12/2022

Buy Now Pay Later (BNPL): Prevent fraud using AML and KYC checks

Security Boulevard

Buy now and pay later (BNPL) services are the latest trend in the market, which is catching up with consumers and retailers quickly. Unfortunately, even the perpetrators are increasing in this system which have a potential to cause harm to a raising solution in finance.

Details >
09/11/2022

DOJ arrests 35 in $2.1B Medicare scam targeting seniors for fraudulent genetic testing

Fierce Health Care

The Department of Justice (DOJ) has taken down what it calls one of the largest healthcare fraud schemes, charging 35 people with unlawfully charging Medicare $2.1 billion.

Details >
09/11/2022

Armored car driver shot outside of Carrollton bank in attempted robbery

CBS News

CARROLLTON, Texas (CBSDFW.COM) — An armored car driver was shot in an attempted robbery outside of a bank in Carrollton.

Details >
09/11/2022

BEWARE: Wisconsin DMV Warns Of Text Message Scam

iHeart

The Wisconsin Department of Transportation (DOT) is warning residents of scammers attempting to impersonate the Department of Motor Vehicles (DMV), according to Channel 3000.

Details >
09/11/2022

Feds indict 7 for cell phone fraud scheme

The Oakland Press

Three Southfield residents and three former Southfield residents are among seven facing charges for a $28 million-plus cell phone fraud and identity theft scheme, officials said.

Details >
09/11/2022

As Workers of the World Await Fidelity’s Bitcoin 401(k), Will IRA-Friendly ETFs Be Next?

PYMNTS.com

Despite strong opposition from some of the most powerful members of Congress and Department of Labor, which oversees 401(k) plans, Fidelity is still preparing to offer the option to invest in cryptocurrency on some employer-sponsored retirement plans by the end of the year.

Details >
09/11/2022

Mitigating the Threat to Sensitive Data from Malicious Third Parties

Security Boulevard

The battleground between threat actors and network defenders is increasingly coming down to one thing: data. It could be the sensitive personal information of customers and employees, which is highly regulated in many regions, or it could be intellectual property—less regulated but a critical driver of competitive advantage.

Details >
09/09/2022

EU Proposes Tougher Cybersecurity for 'Internet of Things' Products

PYMNTS.com

A proposed European Union bill will fine makers of “internet of things” (IOT) products if they don’t meet stringent rules aimed at cutting down on cyberattacks, the Financial Times (FT) wrote Wednesday (Sept. 7).

Details >
09/09/2022

Check Fraud Ringleader Sentenced To Federal Prison

The Johnson County Report

ELIZABETH CITY, N.C. –– A Raleigh, North Carolina man, Carl Edwin Parker, Jr., was sentenced Tuesday to 63 months in prison and five years of supervised release for conspiracy to commit bank fraud.

Details >
09/09/2022

Transacting in Person with Strangers from the Internet

Krebs on Security

Communities like Craigslist, OfferUp, Facebook Marketplace and others are great for finding low- or no-cost stuff that one can pick up directly from a nearby seller, and for getting rid of useful things that don’t deserve to end up in a landfill.

Details >
09/07/2022

Visa Canada Scam Making The Rounds

CKDR

Another phone scam in the region.

Details >
09/07/2022

Hackers infiltrate second-largest US school district in growing trend

The Guardian

Los Angeles Unified, with over 600,000 students, suffers ‘significant infrastructure disruption’ but classes set to take place as usual

Details >
09/07/2022

Holiday Inn hotels hit by cyber-attack

BBC

IHG, which has some of the world's largest hotel chains, issued a statement saying it was investigating "unauthorised access" to a number of its technology systems.

Details >
09/07/2022

Bot Armies Are Targeting Loyalty Points; Here’s How to Safeguard Your Customers

mytotalretail.com

As back-to-school season kicks into high gear and holiday-driven spending looms in the distance, retailers across the country are using loyalty point programs to build relationships with customers and incentivize them to return for future purchases, driven by the promise of discounts, perks, exclusive benefits and more.

Details >
09/07/2022

Passwords aren't dead yet - Bitwarden raises $100M for password management

Venture Beat

Are passwords dead? With many vendors like Microsoft, Apple and Google moving toward passwordless authentication options alongside the FIDO Alliance and credential-based attacks on the rise, you’d be forgiven for thinking that passwords are on the way out, but login credentials aren’t done just yet.

Details >
09/05/2022

2 people charged with fraud, identity theft in Eau Claire County

WEAU 13 News

The pair allegedly used illegally-obtained credit cards to rack up $10,000 worth of purchases, according to Augusta police.

Details >
09/05/2022

Microsoft found TikTok Android flaw that let hackers hijack accounts

Bleeping Computer

Microsoft found and reported a high severity flaw in the TikTok Android app in February that allowed attackers to "quickly and quietly" take over accounts with one click by tricking targets into clicking a specially crafted malicious link.

Details >
09/05/2022

Samsung Has Been Hacked: What Data Has Been Stolen?

Forbes

On September 2, Samsung published a security advisory confirming it had been hacked.

Details >
09/05/2022

Beware These 5 Common Work-From-Home Scams

Money Talks News

You can spot scammers and con artists with a little know-how.

Details >
09/05/2022

Report: ‘Human Coding Error’ Caused IRS Posting of Confidential Data

PYMNTS.com

Names, contact information and some financial information of about 120,000 people was reportedly posted in error by the Internal Revenue Service (IRS) on its website.

Details >
09/05/2022

I stole people's identities for a living. Here are the top 4 things everyone should do to lower their risk of getting hacked by cybercriminals.

Business Insider

This as-told-to-essay is based on a conversation with Brett Shannon Johnson, a former cybercriminal turned cybersecurity expert. Insider confirmed Johnson's criminal history using court documents and contemporaneous news reports. The conversation has been edited for length and clarity.

Details >
09/01/2022

Incognia Mobile App Fraud Insights Report Reveals Food Delivery Apps are Major Target for ...

bdtonline.com

PALO ALTO, Calif., Aug. 30, 2022 (GLOBE NEWSWIRE) -- Mobile identity pioneer Incognia today announced the publication of the results of their first Mobile App Fraud Insights Report – Food Delivery.

Details >
09/01/2022

What the Tech: FBI cyber-crime report

WRDW

AUGUSTA, Ga. (WRDW/WAGT) - A warning from the FBI, cyber-attacks are setting records both in the number of complaints and the amount of money being lost by victims.

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09/01/2022

4 sentenced to prison for using homeless people to cash fake checks

WPRI

PROVIDENCE, R.I. (WPRI) — Four Georgia men have been sentenced to federal prison for their involvement in a scheme that exploited homeless people from the Providence area, according to U.S. Attorney Zachary Cunha.

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09/01/2022

HSI investigates synthetic identities scheme that defrauded banks nearly $2M

U.S. Immigration and Customs Enforcement

LOS ANGELES – A Georgia man was sentenced Sept. 1 to more than seven years in federal prison for participating in a nationwide fraud ring that used stolen social security numbers, including those belonging to children, to create synthetic identities used to open lines of credit, create shell companies, and steal nearly $2 million from financial institutions. The case was investigated by Homeland Security Investigations (HSI).

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08/31/2022

#HowTo: Enhance Data Security and Privacy

Infosecurity-magazine.com

In Ireland, despite widespread visibility of data breaches and security threats, strong data protection is often treated as an afterthought within many organizations.

Details >
08/30/2022

FTC says Roomster posted fake reviews and misled customers about listings

FTC

When searching for a place to live — or a person to live with — honest and trustworthy information is vital.

Details >
08/30/2022

How 1-Time Passcodes Became a Corporate Liability

Krebs on Security

Phishers are enjoying remarkable success using text messages to steal remote access credentials and one-time passcodes from employees at some of the world’s largest technology companies and customer support firms.

Details >
08/29/2022

Preventing Account Takeovers by Cryptocurrency Fraudsters

Credit Union Times

Multiple, integrated layers of security technology can, together, help prevent fraud, even in the case of blockchain corruption.

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08/29/2022

FBI agent says Russia uses cyber attacks against US, possible Minnesota victims

KSTP 5

The Ukraine war is half a world away, but a high-ranking FBI agent told 5 EYEWITNESS NEWS the effects could be hitting much closer to home than you think.

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08/29/2022

Ransomware attacks surged by 47% in July

Telcoms.com

According to a report by NCC Group’s Global Threat Intelligence division, ransomware attacks increased by 47% in July compared to June, adding more evidence for a trend of rising global cybercrime.

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08/29/2022

Lloyd’s refuses to cover nation-state attacks: What it means to enterprises

Venture Beat

Data breaches aren’t cheap. With the average breach costing $4.24 million, many organizations are turning to cyber insurance to decrease the financial impact of security incidents.

Details >
08/29/2022

Man faces 36 counts of identity theft after allegedly stealing over $260K from job

Fox 13

MEMPHIS, Tenn. — A man is charged with 36 counts of identity theft after allegedly stealing over $260,000 from the business where he worked as a manager.

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08/29/2022

Secret Service returns $268 million in fraudulently obtained COVID-19 relief loans

CBS News

The Secret Service has returned about $286 million in wrongfully obtained COVID-relief loans to the Small Business Administration, the agency announced Friday.

Details >
08/29/2022

DON’T FALL FOR ELECTRONIC CHECK SCAMS!

WRRV

We all have to be so careful with our money and information. My cousin shared a scam that nearly happened to her on Facebook, and it was almost exactly something that happened to me a year ago. If you sell goods or services online, this is a cautionary tale for you.

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08/29/2022

New Hampshire Lottery website back online after experiencing cyber attack

WMUR

CONCORD, N.H. — The New Hampshire Lottery website was back online early Saturday morning after experiencing a cyber attack.

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08/29/2022

Ransomware cyber attacks spike to over 1.2 mn per month in H12022

Business Standard

The volume of ransomware threats detected spiked to more than 1.2 million per month between the January-June period, a report revealed.

Details >
08/29/2022

Further Stablecoin Collapses Fuel Credibility Problem

PYMNTS.com

Say one thing for algorithmic stablecoins like the one that collapsed in a $48 billion bank-run-style blaze of glory in May: They’re tenacious.

Details >
08/29/2022

Did you hear about the student loan announcements? Scammers did, too

FTC

You’ve probably already heard about the new government plan that will forgive some federal student loans, once it’s up and running.

Details >
08/29/2022

FTC sues company that sells consumers’ sensitive location information

FTC

For many of us, our mobile phone is a constant companion, with us wherever we go. It’s also constantly collecting information about us, what we do, and where we do it.

Details >
08/29/2022

Peer-to-peer car sharing: A potentially risky side gig

FTC

If you’re looking for a way to make some extra money, you might be thinking about renting out your car through a peer-to-peer (P2P) app like Getaround, Turo, or HyreCar.

Details >
08/26/2022

Man Admits to Robbing Eight Chicago-Area Banks

The United States Attorneys Office ~ District of Illinois

CHICAGO — A man has admitted in federal court that he robbed eight Chicago-area banks over a seven-month period in 2019.

Details >
08/26/2022

New identity theft study says the U.S. has moved from pandemic to scamdemic

Consumer Affairs

In its latest trend report, the Identity Theft Resource Center (ITRC) says that for victims of identity crimes and compromises, fraud and scams have reached levels that haven’t been seen in the last 20 years.

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08/25/2022

Bank robbery suspect in custody

Keloland.com

SIOUX FALLS, S.D. (KELO) — A large law enforcement presence responded to a bank in north Sioux Falls Tuesday morning following a reported robbery.

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08/25/2022

Bitcoin Scams: How to Spot Them, Report Them, and Avoid Them

Investopedia

Cryptocurrency scams can take many forms.

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08/24/2022

Man pleads guilty to robbing Bloomington bank

KSTP.com

A man pleaded guilty Monday to robbing a bank in Bloomington earlier this year.

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08/24/2022

FBI seeks Denver 'Empty Promise Bandit' in string of Colorado bank robberies

Fox News

The FBI is on the hunt for a serial bank robber dubbed the "Empty Promise Bandit," accused of holding up financial institutions in and around Denver, Colorado.

Details >
08/24/2022

Man Arrested In Minnesota A Suspect In Attempted Bank Robbery In Northern Iowa

KIWA Radio

Fairmont, Minnesota — Authorities in northern Iowa and southern Minnesota have announced the arrest of a suspect in a string of break-ins and thefts over the past few weeks.

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08/24/2022

How Google blocked largest-ever DDoS cyber attack & how you can stay safe

CNBC TV 18

Google Cloud has revealed it blocked the largest seven-layer distributed denial-of-service (DDoS) attack ever recorded.

Details >
08/24/2022

Healthcare data breach costs reach record high at $10M per attack: IBM report

Fierce Healthcare

The unrelenting barrage of cyberattacks against healthcare organizations is causing major financial damage as health systems struggle to mitigate the costs of data breaches.

Details >
08/24/2022

Banking-as-a-Service Helps Speed FinTechs Time to Market

PYMNTS.com

FinTechs, just like any other firms, are constantly on the lookout for new ways to increase customer loyalty and their revenue streams.

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08/24/2022

Merchants Give Installment Loans Fresh Look as Consumers Seek New Payment Options

PYMNTS.com

Depending on where you look, the economic signs are either positive or downright ominous.

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08/23/2022

California Man Pleads Guilty in Scheme Involving Over $300,000 In Fraudulent Purchases from The Home Depot

The United States Attorneys Office ~ Eastern District of Louisiana

NEW ORLEANS, LA – U.S. Attorney Duane A. Evans announced that JONATHAN ORPILLA SINLAO, age 37, a resident of San Jose, California, pled guilty on August 18, 2022 to Count One of his indictment, charging him with Conspiracy to Commit Access Device Fraud, in violation of Title 18, United States Code, Section 1029(b)(2). In exchange, the government has agreed to dismiss seven (7) counts of Access Device Fraud, in violation of Title 18, United States Code, Section 1029(a)(5).

Details >
08/23/2022

Critical infrastructure is under attack from hackers. Securing it needs to be a priority - before it's too late

zdnet.com

A ransomware gang recently infiltrated a water company, and critical infrastructure providers need to take lessons from it to avoid potentially catastrophic consequences.

Details >
08/22/2022

FDIC Issues Cease and Desist Letters to Five Companies For Making Crypto-Related False or Misleading Representations about Deposit Insurance

FDIC

WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) today issued letters demanding five companies and their officers, directors, and employees cease and desist from making false and misleading statements about FDIC deposit insurance and take immediate corrective action to address these false or misleading statements.

Details >
08/22/2022

Today in Crypto: Celsius Can Operate Through 2022, CFO Says; ‘Pig Butchering’ Scammers Fatten Up Victims

PYMNTS.com

Stocks related to crypto were down Friday (Aug. 19), with bitcoin losing momentum and falling below $22,000 due to bigger fears in the economy.

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08/21/2022

Man charged in Shorewood bank robbery

Fox 32 Chicago

SHOREWOOD, Ill. - A man was arrested Wednesday, just 25 hours after allegedly robbing a bank in Shorewood.

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08/21/2022

'A game of numbers' | How Craigslist scammers are using identity theft tactics

KITV 4

HONOLULU (KITV4) -- The rental in the Craigslist post looks like a deal.

Details >
08/21/2022

Second “Felony Lane Gang” Member Who Defrauded Illinois Bank By Impersonating Victims of Identity Theft Sentenced to 34 Months in Prison

U.S. Attorney's Office Southern District of Illinois

East St. Louis, Ill. – Mary M. Thornhill, 36, of Knoxville, TN, was sentenced on Wednesday, August 17th, to 34 months in prison for her involvement in a bank fraud scheme that targeted female victims in Southern Illinois.

Details >
08/21/2022

Google blocks world's largest-ever web distributed DDoS cyber attack

Business Standard

Google has blocked the largest-ever web distributed denial-of-service (DDoS) cyber attack on a customer that peaked at 46 million requests per second (RPS).

Details >
08/21/2022

Chase Bank branch robbed in Lake View

Chicago Sun Times

Authorities were investigating after a bank robbery was reported Friday afternoon in the Lake View neighborhood on the North Side.

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08/19/2022

Man charged in Shorewood bank robbery

Fox 32 Chicago

SHOREWOOD, Ill. - A man was arrested Wednesday, just 25 hours after allegedly robbing a bank in Shorewood.

Details >
08/19/2022

Man charged in Shorewood bank robbery

Fox 32 Chicago

SHOREWOOD, Ill. - A man was arrested Wednesday, just 25 hours after allegedly robbing a bank in Shorewood.

Details >
08/19/2022

Pandemic Fraud Cases So Far Top $1B

The Crime Report

There are currently 500 people working on pandemic-fraud cases across the offices of 21 inspectors general, plus investigators from the F.B.I., the Secret Service, the Postal Inspection Service and the Internal Revenue Service, reports the New York Times.

Details >
08/19/2022

PayPal Phishing Scam Uses Invoices Sent Via PayPal

Krebs on Security

Scammers are using invoices sent through PayPal.com to trick recipients into calling a number to dispute a pending charge.

Details >
08/19/2022

Nearly 1,900 Signal Messenger Accounts Potentially Compromised in Twilio Hack

The Hacker News

Popular end-to-end encrypted messaging service Signal on Monday disclosed the cyberattack aimed at Twilio earlier this month may have exposed the phone numbers of roughly 1,900 users.

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08/19/2022

Analysis: 100 banks, 1,000 suspects: German fraud probe puts Scholz on the spot

Reuters

FRANKFURT, Aug 17 (Reuters) - German chancellor Olaf Scholz faces lawmakers' questions this week over his role in tackling a multibillion-euro tax fraud as a sprawling probe into the scheme threatens to undermine him as he grapples with an energy crisis and the fallout of war.

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08/19/2022

Identity Theft Resource Center Inaugural 2021 Trends in Identity Report Highlights Wide Range of Identity Crimes

Yahoo

The 2021 ITRC Trends in Identity Report reveals a 1,044 percent increase in social media account hijacking; 88 percent increase in unemployment benefits identity fraud

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08/19/2022

Supervisory Guidance on Multiple Re-Presentment NSF Fees

FDIC

The FDIC is issuing guidance to FDIC-supervised institutions to address certain consumer compliance risks associated with assessing multiple non-sufficient funds (NSF) fees arising from the re-presentment of the same unpaid transaction.

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08/19/2022

Boise Police looking for Overland Road bank robbery suspect

Idaho News

BOISE, Idaho (CBS2) — Boise Police is looking for a suspect in a bank robbery that happened on the 6900 block of W. Overland Road in Boise on Friday Aug. 12, just after 10 a.m.

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08/19/2022

Greeley police search for bank robbery suspect

CBS News

Greeley police are asking for help finding a bank robbery suspect who struck last weekend.

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08/17/2022

Thomas More University hacked in multiple ways after cyber attack on Facebook account

WLWT.com

CRESTVIEW HILLS, Ky. — A local university was hit with a cyberattack that has left it with embarrassing and inappropriate pictures on their social media account that they can’t take down.

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08/17/2022

Synthetic identity fraud: The chameleon of fraud trends

CUNA

Of the many fraud trends that shook the financial services industry during the pandemic, synthetic identity fraud (SIF) was arguably the biggest headliner.

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08/17/2022

Prosecutors Struggle to Catch Up to a Tidal Wave of Pandemic Fraud

The New York Times

Investigators say there was so much fraud in federal Covid-relief programs that — even after two years of work and hundreds of prosecutions — they’re still just getting started.

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08/17/2022

What Is The Venmo Scam On Facebook Marketplace?

Alphr

Identity theft is rampant in online marketplaces, and the Facebook Marketplace is no exception. Scammers are taking over legitimate user accounts to add authenticity to their scams.

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08/17/2022

CFPB: Financial companies must safeguard consumer data

CFPB Journal

The Consumer Financial Protection Bureau recently confirmed that companies without adequate safeguards to protect consumer data are at greater risk of being held liable under the Consumer Financial Protection Act.

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08/16/2022

Man on probation for bank robbery charged with robbing another bank, this time in Roseville

TwinCities Pioneer Press

A 58-year-old St. Paul man was charged Monday with robbing a bank in Roseville last year after his release from federal prison for bank robbery.

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08/16/2022

Who’s minding your business? The FTC invites you to comment on commercial surveillance and data security

FTC

Many of us have grown used to the idea that companies constantly collect information about us as we go about our daily lives.

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08/16/2022

Black Hat: We Should Have Seen The Colonial Ransomware Attack Coming

Security Boulevard

Few need to be reminded of the fears that the Colonial Pipeline hack caused in May of 2021, in which airlines scrambled to keep their planes fueled for long-haul flights and Americans across the eastern seaboard panic-bought gas in expectation of supply disruptions.

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08/16/2022

How attackers are breaking into organizations

Cybersecurity Dive

Threat actors lean heavily on phishing attacks, vulnerabilities in software and containers, and stolen credentials, according to top cyber vendor research.

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08/16/2022

A 5 Step Checklist for Complying with PCI DSS 4.0

The State of Security

In March 2022, the Payment Card Industry Data Security Standard (PCI DSS) was updated with a number of new and modified requirements.

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08/16/2022

When Efforts to Contain a Data Breach Backfire

Krebs on Security

Earlier this month, the administrator of the cybercrime forum Breached received a cease-and-desist letter from a cybersecurity firm.

Details >
08/15/2022

Shopping scams are in session for back-to-school shopping

FTC

Back-to-school season can be stressful for many kids and their parents — especially when scammers are back to work with online school shopping scams. But there are ways to get your school shopping done while avoiding scams that cost you valuable time and money.

Details >
08/15/2022

Sounding the Alarm on Emergency Alert System Flaws

Krebs on Security

The Department of Homeland Security (DHS) is urging states and localities to beef up security around proprietary devices that connect to the Emergency Alert System — a national public warning system used to deliver important emergency information, such as severe weather and AMBER alerts.

Details >
08/15/2022

Neighbors speak after falling victim to check washing

WKRN.com

NASHVILLE, Tenn. (WKRN) – It’s an old scam claiming new victims.

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08/15/2022

Wyoming police arrest suspect in a Fifth-Third Bank robbery

WWMT

WYOMING, Mich. — One day after a Fifth-Third Bank was robbed in Wyoming, police found and arrested the suspect.

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08/15/2022

Cedar Rapids schools pay ransom in cyberattack

The Gazette

CEDAR RAPIDS — The Cedar Rapids school district paid a ransom in hopes of keeping personal data compromised in a cyberattack last month from being released, the school superintendent has told parents.

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08/15/2022

How to Recover a Stolen Identity

Makeuseof.com

Has your identity been stolen? Don't panic. There are things you can do. Here are the next steps you need to follow and how to limit damage.

Details >
08/15/2022

5 tips for spotting and avoiding Pig butchering scams

TripWire

A new type of scam, called “pig butchering” is gaining momentum

Details >
08/12/2022

Ransomware attack blamed for closure of all 7-Eleven stores in Denmark

TripWire

Ransomware is to blame for the closure of all 175 7-Eleven stores in Denmark on Monday.

Details >
08/11/2022

Contacted about a long-lost relative’s inheritance? Hold on a minute

FTC

The FTC has been getting reports of people getting letters in the mail from a law firm.

Details >
08/11/2022

Email Is The Single Biggest Threat To Businesses, And Here’s What You Can Do About It

Information Security Buzz

Email remains one of the most popular methods of communication, particularly for business communications.

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08/11/2022

California Man Pleads Guilty to $3.5 Million Scam-PAC Fraud

The United States Department of Justice

A California man pleaded guilty yesterday in the Western District of Texas to conspiracy to solicit millions of dollars in contributions to two political action committees based on false and misleading representations that the funds would be used to support presidential candidates during and after the 2016 election cycle.

Details >
08/11/2022

It Might Be Our Data, But It’s Not Our Breach

Krebs on Security

A cybersecurity firm says it has intercepted a large, unique stolen data set containing the names, addresses, email addresses, phone numbers, Social Security Numbers and dates of birth on nearly 23 million Americans.

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08/11/2022

Man arrested after threatening to blow up Belleview bank, stealing $10K, police say

clickorlando.com

John Henderson-Winfield, 21, was caught during a foot chase, officers say

Details >
08/10/2022

Man arrested after threatening to blow up Belleview bank, stealing $10K, police say

clickorlando.com

John Henderson-Winfield, 21, was caught during a foot chase, officers say

Details >
08/10/2022

Arrests made in connection with Parrish bank robbery

Mysuncoast.com

PARRISH, Fla. (WWSB) - The man who allegedly walked into Fifth Third Bank in Parrish Monday, demanding cash and threatening to blow up the bank, has been arrested along with his getaway driver, the Manatee County Sheriff’s Office said.

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08/10/2022

How to Protect Consumers from Account Takeover Fraud

PaymentsJournal

Account takeover (ATO) fraud, through which a bad actor takes over an individual’s financial accounts without their knowledge, is one of the most harmful forms of identity theft.

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08/10/2022

The Security Pros and Cons of Using Email Aliases

Krebs on Security

One way to tame your email inbox is to get in the habit of using unique email aliases when signing up for new accounts online.

Details >
08/09/2022

Arrest Warrant For Iowa Woman in Rochester Financial Fraud Case

KROC

Rochester, MN (KROC-AM News) - An arrest warrant has been issued for an Iowa woman accused of breaking into a car and stealing a Rochester woman's purse last year.

Details >
08/09/2022

Fake jewelry sellers change strategies and try scams across Oahu, Big Island

KITV

HAWAII (KITV)- Fake street jewelry sales have been occurring on the Big Island and Oahu. Law enforcement and local residents say those involved are switching up their methods.

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08/08/2022

Smart Carts With Embedded Payments Put Consumers in Control of Checkout

PYMNTS.com

With PYMNTS research finding that 34% of U.S. consumers are shopping for groceries online —76% for the convenience, 57% for the speed — it’s time for smart carts to start their ascent.

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08/08/2022

Deepfake attacks and cyber extortion are creating mounting risks

Techrepublic.com

Email is the top delivery method used by cybercriminals deploying geopolitically-motivated attacks to try and move laterally inside networks, a new VMware report finds.

Details >
08/08/2022

Cybercriminals Are Using Bots to Steal Online Pharmacy Accounts

Cnet.com

Researchers for the cybersecurity company Kasada say cybercriminals are increasingly using bots to crack the passwords of online pharmacy accounts and steal access to them.

Details >
08/08/2022

How to get your money back from a Zelle scam or accidental money transfer

Elliott.org

When Susan Pauleen’s daughter sent her $1,725 rent payment through Zelle, she had no reason to suspect a problem.

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08/08/2022

Bank robbery under investigation in Colorado Springs

KKTV.com

COLORADO SPRINGS, Colo. (KKTV) - Police in Colorado Springs were called to a bank robbery Thursday afternoon.

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08/07/2022

Class Action Targets Experian Over Account Security

Krebs on Security

A class action lawsuit has been filed against big-three consumer credit bureau Experian over reports that the company did little to prevent identity thieves from hijacking consumer accounts.

Details >
08/07/2022

FBI warns of rise in cyber attacks: 'Their end result is just to make some money'

New Mexico Sun

Cyber attacks are on the rise and the FBI is warning businesses and the public to be on guard.

Details >
08/04/2022

Black Hat USA 2022: What you need to know

The State of Security

Following a successful hybrid event in 2021 that saw more than 6,000 in-person, and more than 14,500 virtual attendees, Black Hat USA returns in 2022 to the Mandalay Bay Convention Centre in Las Vegas, Nevada.

Details >
08/04/2022

Illinois man admits depositing hundreds of worthless checks in $157,000 bank fraud scheme

The United States Attorneys Office ~ District of Missouri

ST. LOUIS – A man from Granite City on Tuesday admitted a bank fraud scheme that cost Commerce bank more than $150,000.

Details >
08/04/2022

Man Hacked T-Mobile Employees to Unlock Cell Phones, Rake in $25 Million

PCMAG

Argishti Khudaverdyan was found guilty of various offenses after he stole login credentials from more than 50 different T-Mobile employees across the US.

Details >
08/04/2022

Scammers Sent Uber to Take Elderly Lady to the Bank

Krebs on Security

Email scammers sent an Uber to the home of an 80-year-old woman who responded to a well-timed email scam, in a bid to make sure she went to the bank and wired money to the fraudsters.

Details >
08/04/2022

2022 AFP Payments Fraud and Control Survey

AFP

The 2022 AFP® Payments Fraud and Control Survey reports 71 percent of organizations were victims of payments fraud attacks/attempts in 2021. This is the lowest level of fraud reported since 2014.

Details >
08/03/2022

No SOCKS, No Shoes, No Malware Proxy Services!

Krebs on Security

With the recent demise of several popular “proxy” services that let cybercriminals route their malicious traffic through hacked PCs, there is now something of a supply chain crisis gripping the underbelly of the Internet.

Details >
08/03/2022

How to Deter Fraud in a Consumer-Friendly Way

Security Boulevard

With more consumer-centric fraud defense solutions, technology platforms no longer need to settle for a trade-off between growth and security. Have you moved beyond one-size-fits-all authentication measures to ensure friction is reserved only for bad actors?

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08/03/2022

Twitter API keys are leaked by over 3,200 apps, some of which enable account takeover

The TechOutlook

Experts in cybersecurity have discovered a group of 3,207 mobile apps that expose Twitter API keys to the general populace, potentially allowing a threat actor to take control of users’ Twitter accounts linked to the app.

Details >
08/02/2022

Ex-South Carolina Police Chief Pleads Guilty to Armed Bank Robbery

The Daily Beast

A former South Carolina police chief has been locked up after pleading guilty to an armed bank robbery.

Details >
08/02/2022

What Banks Are Doing to Protect Consumers From Financial Scams

PYMNTS.com

Social engineering scams occur when fraudsters trick their victims into trusting them enough to send either money or personal information. When the victim sends money, it is known as authorized push payment (APP) fraud. Since it can take many forms, each difficult to stop, this fraud type is one of the more troubling types — and it’s on the rise.

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07/31/2022

911 Proxy Service Implodes After Disclosing Breach

Krebs on Security

911[.]re, a proxy service that since 2015 has sold access to hundreds of thousands of Microsoft Windows computers daily, announced this week that it is shutting down in the wake of a data breach that destroyed key components of its business operations.

Details >
07/31/2022

How scammers are phishing for information through mail fraud texts

WVLT.tv

Tony Binkley with the Better Business Bureau said this type of scam is referred to as ‘Smishing’ and there’s another way to check and see if a link is legit.

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07/31/2022

Smishing: A Silly Word for a Serious Fraud Risk

Consumer Reports

These phishing attacks, in which scammers target victims through text messaging, are on the rise

Details >
07/31/2022

Rochester Police kill suspect in ax robbery early Saturday morning

Pioneer Press

ROCHESTER, Minn. — Police shot an armed robbery suspect early Saturday morning, July 30, 2022.

Details >
07/31/2022

Police searching for suspect who robbed Fifth Third Bank in Ann Arbor on Friday

Clickondetroit.com

ANN ARBOR – Ann Arbor police are looking for a man who robbed the Fifth Third Bank on Washtenaw Avenue on Friday, July 29.

Details >
07/31/2022

Two men arrested after daylight armed robbery in Kalihi

Yahoo News

Jul. 30—Honolulu police arrested two men in connection with an alleged armed robbery that occurred in broad daylight in Kalihi Thursday.

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07/31/2022

A man facing nearly 100 accusations in a Toronto fraud plan using a fake check

Eminetra Canada

A 22-year-old man was charged with nearly 100 crimes after allegedly defrauding multiple people in Toronto using fake checks.

Details >
07/31/2022

Mail theft from post office boxes still a problem in New Orleans area, across the country

NOLA

Five months after the Jefferson Parish Sheriff's Office warned residents to stop using the big blue U.S Postal Service collection boxes, authorities want residents to be aware that mail theft continues to be a problem.

Details >
07/31/2022

Payment processor’s sales pitches tricked small business owners

FTC

Today, people expect to swipe, dip, tap, enter, and use their credit and debit cards everywhere — including at small businesses, local shops, and neighborhood restaurants.

Details >
07/28/2022

Breach Exposes Users of Microleaves Proxy Service

Krebs on Security

Microleaves, a ten-year-old proxy service that lets customers route their web traffic through millions of Microsoft Windows computers, recently fixed a vulnerability in their website that exposed their entire user database.

Details >
07/28/2022

Selling stuff online? Here’s how to avoid a scam

FTC

Selling stuff online can be a great way to make some extra cash. Craigslist, Facebook Marketplace, and other sites attract a lot of buyers — and scammers. Here are some ways scammers try to cheat you and what to do about it.

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07/28/2022

Hyundai to pay $19.2 million for widespread credit-reporting failures, U.S. regulator says

Reuters

July 26 (Reuters) - A U.S. regulator has ordered a Hyundai Motor Co (005380.KS) affiliate to pay $19.2 million for repeatedly giving credit-reporting agencies inaccurate information about its customers, including that they were delinquent on loans and leases.

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07/28/2022

AI Can Help Fintechs Fight Fraud-as-a-Service

Dark Reading

Artificial intelligence tools can help companies strike the right balance between preventing financial crime and maintaining customer service and satisfaction.

Details >
07/28/2022

Consumers warned to be on the lookout for text scams involving fake bank fraud alerts

WGRZ

The NYS Division of Consumer Protection says anyone who gets an unsolicited dubious text message should delete it right away.

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07/28/2022

Video of downtown assault highlights organization of cell phone theft

KARE 11

The son of a retired metro police chief was knocked unconscious after thieves took his phone. Jack Nadeau's jaw was broken and his accounts were drained.

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07/27/2022

Man arrested after attempting to cash a fraudulent check

WBIW

Bedford - An Indianapolis man was arrested after Bedford Police officers were summoned to German American Bank on 16th Street on June 29, 2022, after a man attempted to cash a fraudulent check.

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07/27/2022

Op-Ed: Check Your Checks: Mail Fraud Is On The Rise

The Lane Report

An old-school type of fraud is making its way back into the mainstream.

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07/27/2022

MINNESOTA BANK ROBBER SENTENCED TO FEDERAL PRISON

KROC

Minneapolis (KROC-AM News) - A Cottage Grove man has been sentenced to over 4 years in federal prison for bank robbery.

Details >
07/27/2022

DOJ charges 36 over $1.2B in phony telehealth claim fraud schemes

Fierce Healthcare

Federal prosecutors charged 36 defendants with committing a variety of alleged schemes to bilk Medicare using telehealth, as regulators continue to tinker with how to make the COVID-19 telehealth boom permanent.

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07/27/2022

NCR Says Financial Literacy Should Be Left to Community Banks and Credit Unions, Not TikTok

PYMNTS.com

Strong growth in digital banking during the pandemic didn’t come with seminars in financial literacy.

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07/27/2022

Is any organisation risk and data breach free?

The State of Security

I walked into a business the other day. After a long conversation about the client’s need for cybersecurity and the implementation of the ISO27001 security standard, we talked about their risk appetite.

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07/27/2022

The 2022 API Security Trends Report

Nonamesecurity.com

451 Research asked participants about their API landscape, API security tools, maturity level of API security within the organization, and more. In this API security trends report, we dive into the key findings.

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07/25/2022

Is Writing a Check Still Safe?

Money Talks news

Every time you pay by check, you hand your bank account numbers to a stranger.

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07/25/2022

Philadelphia-area men charged with stealing, washing checks from USPS mailboxes

Fox 29

PHILADELPHIA - An alleged mail fraud scheme could mean prison time and $1-million-fines for three men from the Philadelphia area.

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07/25/2022

Employees terrorized and threatened in Florida bank robbery; FBI offers $10,000 reward

CBS 12 News

MIAMI. Fla. (CBS12) — A reward of up to $10,000 is being offered by FBI Miami for any information regarding the individuals responsible for the robbery of a Centennial Bank branch on April 6.

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07/25/2022

As the Number of Payment Methods Consumers Use Increases, So Do Two Key Problems

PYMNTS.com

Inflation continues to rear its ugly head, but PYMNTS’ data finds that some aspects of consumer spending — such as the share of consumers in the United States spending on travel and average retail product spend — are bouncing back.

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07/25/2022

District notes reveal new details of cyber attack at Cedar Rapids Schools

KCRG.com

CEDAR RAPIDS, Iowa (KCRG) - While the district has refused to answer questions or offer public details about a cyber attack that shut down the district for a week, new emails sent to staff are revealing some new details of the ongoing impacts.

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07/25/2022

Zelle Scams: Protect Yourself to Stop Thieves in Their Tracks

Cnet.com

The banking payment service Zelle acts as a quick and easy way to send money or pay for purchases from private sellers, but its transactions are instant and irreversible -- making it an attractive target for scammers and thieves.

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07/25/2022

T-Mobile settles to pay $350M to customers whose personal information was stolen

ABC 7 News

Personal data like social security numbers had been stolen in a cyberattack.

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07/22/2022

Massive Losses Define Epidemic of ‘Pig Butchering’

Krebs on Security

U.S. state and federal investigators are being inundated with reports from people who’ve lost hundreds of thousands or millions of dollars in connection with a complex investment scam known as “pig butchering,” wherein people are lured by flirtatious strangers online into investing in cryptocurrency trading platforms that eventually seize any funds when victims try to cash out.

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07/22/2022

Banks’ Increased Liabilities on P2P Fraud May Have Silver Lining

PYMNTS.com

Call it a reset on how the Consumer Financial Protection Bureau (CFPB) views authorized P2P fraud — and by extension, just who’s on the hook to make consumers whole.

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07/22/2022

Federal consumer finance watchdog to tighten bank rules around money-transfer scams, report says

CNBC

The Consumer Financial Protection Bureau plans to tighten rules around fraudulent money transfers via services like Zelle by pushing banks to repay more customers harmed by these alleged scams, according to a report published Tuesday in The Wall Street Journal.

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07/22/2022

Global Identity Theft Protection Services Market 2022 - Industry Analysis, Segments, Value Chain and Key Trends 2030

Newswires

NEWARK, UNITED STATES, July 21, 2022 /EINPresswire.com/ -- Global Identity Theft Protection Services Market 2022 offers a dashboard overview and provides vital information on each parameter required for making strategic decisions to lead the market.

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07/22/2022

This Is How Common Identity Theft Is In Arizona

Patch.com/Arizona

Identity theft is on the rise in the United States. According to the Federal Trade Commission's Consumer Sentinel Network report, the number of reported cases more than doubled from about 650,500 in 2019 to 1.39 million in 2020.

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07/22/2022

Combating check fraud: Still a major challenge in the digital age

ABA Banking Journal

Checks remained the payment method most impacted by fraud activity (66 percent), reports from the 2021 Association for Financial Professionals Payments Fraud and Control Survey. Financial institutions encounter deposit fraud in many ways, including counterfeits, forgeries, alterations, serial numbers, stop payments and check kiting.

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07/22/2022

Senators to CFPB: Use Authority to Protect Consumers From P2P Payment Scams

PYMNTS.com

The Consumer Financial Protection Bureau (CFPB) should use its authority under Regulation E and the Electronic Fund Transfer Act (EFTA) to protect consumers from payment scams on peer-to-peer (P2P) services like Zelle, according to a letter sent to the agency by six U.S. Senators, all Democrats.

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07/22/2022

Expertise, Experience and Focus Are Critical When Choosing a Crypto Payments Processor

PYMNTS.com

Welcome to the first article in a new PYMNTS series, “The Merchants Guide to Accepting Crypto: The Questions to Ask,” which aimed at helping merchants big and small, online and in-store, that want to accept crypto payments figure out what they need to know to move ahead.

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07/22/2022

As the Number of Payment Methods Consumers Use Increases, So Do Two Key Problems

PYMNTS.com

Inflation continues to rear its ugly head, but PYMNTS’ data finds that some aspects of consumer spending — such as the share of consumers in the United States spending on travel and average retail product spend — are bouncing back.

Details >
07/22/2022

Bank robber caught after accidentally dropping wallet, says deputy

Darik.news

GREENville, SC (Fox Carolina) – A bank robber accidentally left a calling card behind, leading to his arrest, said the Greenville County Sheriff’s Office.

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07/19/2022

Should Banks Be Liable for Unauthorized Push Payments Fraud?

PYMNTS.com

“Caveat emptor,” goes the old saying — buyer beware.

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07/19/2022

Corporates, Consumers Give Real-Time Payments Fresh Look With $1 Million Transaction Limit

PYMNTS.com

Forty-one percent of firms in the United States already use the RTP® network to send or receive payments.

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07/19/2022

A Deep Dive Into the Residential Proxy Service ‘911’

Krebs on Security

For the past seven years, an online service known as 911 has sold access to hundreds of thousands of Microsoft Windows computers daily, allowing customers to route their Internet traffic through PCs in virtually any country or city around the globe — but predominantly in the United States. 911 says its network is made up entirely of users who voluntarily install its “free VPN” software.

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07/19/2022

Zero-day attacks climb as hackers get more sophisticated

Security Brief

Hackers are moving fast to exploit security vulnerabilities. There was a surge in widespread zero-day attacks last year, with the average time to exploitation down from 42 days in 2020 to just 12 days in 2021.

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07/19/2022

Online payment fraud losses to exceed $343 billion

Help Net Security

Cumulative merchant losses to online payment fraud globally between 2023 and 2027 will exceed $343 billion, according to Juniper Research.

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07/19/2022

Inflation Isn’t Hurting the Payments Sector — Yet — Says Payroc CEO

PYMNTS.com

We all thought (or at least hoped) that 2022 would be a very different kind of year, but we’re leaping from one crisis to the next with no relief in sight. Some are going as far as calling it “the year of catastrophe.” Others think that’s an overreaction, particularly in payments.

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07/17/2022

Three teens in Madison accused of car and identity theft

NBC 15

MADISON, Wis. (WMTV) - Three teens who are accused of identity theft and stealing a vehicle were arrested after investigators used an apartment complex’s surveillance cameras to determine which apartment they fled to, according to a Madison Police Department report.

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07/17/2022

Imposter Scams

FTC

Imposter scams come in many varieties, but work the same way: a scammer pretends to be someone you trust to convince you to send them money. Learn how to spot an imposter scam.

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07/12/2022

Email scams are getting more personal – they even fool cybersecurity experts

The Conversation

We all like to think we’re immune to scams. We scoff at emails from an unknown sender offering us £2 million, in exchange for our bank details.

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07/12/2022

FBI Warns of Spike in Rental and Real Estate Scams

FBI

As rents, home prices, and inflation surge in today’s highly competitive real estate market, the FBI Boston Division is warning the public about the risk of rental scams, and the need to be cautious when posting and responding to rental properties and real-estate online.

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07/12/2022

Keep an eye on your Experian accounts: Some profiles hijacked using personal info

The Register

Experian customers are reportedly at risk of having their accounts hijacked by fraudsters who only need a victim's personal information and a different email address to recreate an account in their name.

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07/12/2022

Microsoft Patch Tuesday, July 2022 Edition

Krebs on Security

Microsoft today released updates to fix at least 86 security vulnerabilities in its Windows operating systems and other software, including a weakness in all supported versions of Windows that Microsoft warns is actively being exploited.

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07/10/2022

PYMNTS Intelligence: Fighting Fraud While Ensuring Money Mobility

PYMNTS.com

Maximizing money mobility is the goal in today’s digital-first economy, but digital banking’s vulnerability to bad actors has made fraud a pervasive threat to this ideal.

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07/10/2022

Miami woman sentenced in $1.2 million check-kiting scheme

Four States Home Page

TULSA, Okla. – A Miami woman was sentenced Thursday to five months in federal prison for participating in a $1.2 million check-kiting scheme.

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07/10/2022

Apps that hack your device and empty your bank account

Codelist

If your cell phone has an Android operating system, it has many advantages, including the wide range of versions and extensions that you can download to your device.

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07/10/2022

See who is affected by the new stimulus check scam texts that have millions of people on alert.

Techno Trenz

The promise of stimulus checks is being used as bait by scammers in phishing attacks.

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07/06/2022

Glenham Man Sentenced for Bank Fraud

The United States Attorneys Office ~ District of South Dakota

United States Attorney Alison J. Ramsdell announced that a Glenham, South Dakota, man convicted of Bank Fraud was sentenced on June 27, 2022, by U.S. District Judge Charles B. Kornmann.

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07/06/2022

Two Women Charged with Wire Fraud for Stealing Millions in COVID Relief Funds

FBI

Two women, Tequisha Solomon and Takara Hughes, have been charged with engaging in fraud schemes to steal millions of dollars in COVID-19 relief funds.

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07/06/2022

Did you pay a scammer through Western Union? Check the new deadline for refunds

FTC

Refunds are still available to people who were tricked into wiring money to scammers through Western Union between January 1, 2004 and January 19, 2017.

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07/05/2022

Defending against impersonator scams

FTC

American servicemembers sacrifice so much to honorably defend the nation. But dishonorable scammers make it their mission to con servicemembers out of their hard-earned money and benefits by pretending to be trusted companies and government agencies.

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07/05/2022

Medical scams: Educate yourself and your loved ones

Security Boulevard

We’ve covered the dangers and necessary defenses against various scams, including romance scams, supply chain scams, financial scams, lottery scams, and vishing scams, but now we turn our attention to what could be the most personal and invasive of scams – the medical scam.

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07/05/2022

PYMNTS Intelligence: Combining Pre-Submit and Post-Submit Data to Stop Digital Fraud

PYMNTS.com

Identity fraud is a growing problem in the United States.

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07/05/2022

Eureka woman loses $357,000 in scam

myleaderpaper.com

Eureka Police and the U.S. Postal Inspection Service are investigating a scam that cost a 67-year-old Eureka woman $357,000.

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06/30/2022

Man arrested following fake check scam in ND

KFYR TV

JAMESTOWN, N.D. (Valley News Live) - One man is facing charges after police say he wrote fake checks and cashed them at North Dakota banks.

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06/30/2022

FTC Sues Walmart for Facilitating Money Transfer Fraud That Fleeced Customers Out of Hundreds of Millions

FTC

Lawsuit Alleges Walmart Turned a Blind Eye to Fraud, Seeks Cash Back for Consumers

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06/29/2022

The Link Between AWM Proxy & the Glupteba Botnet

Krebs on Security

On December 7, 2021, Google announced it was suing two Russian men allegedly responsible for operating the Glupteba botnet, a global malware menace that has infected millions of computers over the past decade.

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06/29/2022

Five Ways the Gaming & Gambling Industry is Targeted by Bad Bots

Security Boulevard

Let’s play a game of chance: What are the odds that your gaming website is being targeted by bad bots? Imperva research suggests they’re higher than you may think. Imperva’s 2022 Bad Bot Report reveals that 53.9 percent of traffic to gaming and gambling websites comes from bad bots.

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06/29/2022

Common Online Scams And How To Avoid Them

Forbes Advisor

Mary was lonely. The recently divorced mom of three was ready to dip her toe back into the Orlando, Florida, dating scene and decided to try her luck with a matchmaking app. She soon met Todd.

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06/29/2022

FBI searching for ‘Man in Brown Bandit’ after second bank robbery

Fox 34

LUBBOCK, Texas (KCBD) - The FBI continues to work with Clovis Police to catch the “Man in Brown Bandit” after a second bank robbery in Clovis.

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06/28/2022

Over $1 Billion Lost to Cryptocurrency Scams in Last 15 Months

Money

U.S. consumers reported losing more than $1 billion to fraud involving cryptocurrencies from the start of 2021 through March 31, 2022, according to new data from the Federal Trade Commission (FTC).

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06/28/2022

Lawsuit charges that grant-writing services firm bilked minority-owned businesses

FTC

For small businesses trying to stay afloat during the pandemic, a company that sold grant-writing services seemed to offer a lifeline.

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06/28/2022

Hackers can bring ships and planes to a grinding halt. And it could become much more common

CNBC

Armed with little more than a computer, hackers are increasingly setting their sights on some of the biggest things that humans can build.

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06/28/2022

Privacy group seeks to put faces on cyberattack victims

Axios

A privacy group launched a campaign Monday aiming to show the human toll that cyberattacks have taken on activists, businesses and institutions.

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06/28/2022

Russian hackers claim responsibility for cyberattack on Lithuania

Aljazeera

Hacking group claimed attack in response to decision by Vilnius to ban transit of goods to Russia’s Kaliningrad enclave.

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06/28/2022

FBI continues search for ‘out of gas robber’ after another bank robbery

KRQE News 13

ALBUQUERQUE, N.M. (KRQE) – Albuquerque Police and the FBI are looking for a man suspected in two bank robberies. Federal investigators say the man demanded money from a teller at the First Financial Credit Union and then fled on foot.

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06/28/2022

Ringleader of check fraud scheme gets 5 years in prison

Seattle PI

PROVIDENCE, R.I. (AP) — The ringleader of a plot that defrauded multiple Rhode Island banks out of tens of thousands of dollars through a counterfeit check scheme has been sentenced to five years in prison, federal prosecutors said Monday.

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06/28/2022

PayPal’s First Business Credit Card Helps SMBs Earn Cash on B2B Spend

PYMNTS.com

For small businesses — long the bedrock of Main Street — the cash crunch has never been more acute.

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06/26/2022

Meet the Administrators of the RSOCKS Proxy Botnet

Krebs on Security

Authorities in the United States, Germany, the Netherlands and the U.K. last week said they dismantled the “RSOCKS” botnet, a collection of millions of hacked devices that were sold as “proxies” to cybercriminals looking for ways to route their malicious traffic through someone else’s computer.

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06/26/2022

Credit union fraud scheme, Greenfield man charged with 87 counts

Fox 6 Now

MOUNT PLEASANT, Wis. - A Greenfield man is charged with 87 total counts – including more than 30 that are fraud-related.

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06/26/2022

Eight Charged in $7 Million Loan Fraud Scheme

The United States Department of Justice

Eight defendants were charged in the Eastern District of Pennsylvania today with scheming to fraudulently obtain more than $7 million in Paycheck Protection Program (PPP) loans, Economic Injury Disaster Loans (EIDL), and pre-pandemic Small Business Administration (SBA) loans.

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06/26/2022

How to Catch a Cyberthief

PYMNTS.com

It’s a scary fact, but anti-fraud experts agree that cybertheft rings are now well-funded multinationals with revenue goals of their own.

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06/26/2022

Chinese National Pleads Guilty to Cyberstalking, Identity Theft

The United States Attorneys Office District of Minnesota

MINNEAPOLIS – A Chinese national has pleaded guilty to identity theft and cyberstalking involving a Minnesota college student, announced U.S. Attorney Andrew M. Luger.

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06/26/2022

Florida identity theft up 175% since start of pandemic

WESH 2

Throughout the pandemic, as the number of COVID-19 cases went up, the amount of identity theft reports rose too, according to QuoteWizard.

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06/26/2022

Law in the Marketplace: Beware the “bad check” scam

concordmonitor.com

If you’re a lawyer or accountant, a client may request you to deposit in your bank account a check from a customer of your client from which the client wants you to make a payment to the client herself when a client deal closes.

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06/23/2022

Scammers steal $317,000 from Baltimore workers’ compensation program; city able to recover most stolen funds

The Baltimore Sun

Out-of-state scammers stole more than $317,200 from a Baltimore bank account used to pay city employees’ workers’ compensation insurance, the Baltimore inspector general announced Tuesday.

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06/23/2022

Group robs armored truck replenishing Bank of America drive-thru ATM in Calumet City, FBI says

ABC 7 Chicago

CALUMET CITY, Ill. (WLS) -- A group of four people robbed an armored truck at a drive-thru ATM Tuesday in south suburban Calumet City, the FBI said.

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06/23/2022

Bank robber escapes in tractor-trailer, Ark. police say

KFVS 12

MARION, Ark. (WMC) - Police in Marion, Arkansas, are trying to track down a bank robber.

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06/23/2022

Police still searching for woman, getaway driver after south-side bank robbery

KENS 5

Police said an older woman handed the teller a note that said if she didn't give her $20,000, the person she came with would come inside and "shoot everybody."

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06/21/2022

Stolen excavator used in ATM bank robbery early Sunday morning in St. John's

Saltwire

ST. JOHN'S, N.L. — Thieves used a stolen excavator to rob a bank’s automated teller machine in a brazen overnight incident in St. John’s Sunday.

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06/21/2022

Five active ransomware gangs and their tactics (part one)

Cyber Security Hub

Discover some of the most recent cyber attacks carried out by the top cyber criminals active today.

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06/21/2022

Phishing Attacks Broke All Records in the First Quarter of 2022

Digital Information World

Ransomware attacks were the most notorious forms of cyber attacks that were recorded in 2021, but with all of that having been said and now out of the way it is important to note that 2022 is shaping up to be the year of the Phish so to speak.

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06/21/2022

Regina Public Schools systems mostly back online after cyber attack

Leader Post

Most of Regina Public School's online systems are back up and running nearly a month after the division fell victim to a cyber attack that forced it to shut everything down.

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06/21/2022

Identity Theft Is Up 158% in Wyoming, Report Says Read More: Identity Theft Is Up 158% in Wyoming, Report Says

KGAB

According to a new report from QuoteWizard, there has been a 145% increase in identity theft reports since the COVID-19 pandemic began.

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06/21/2022

VIDEO: Police searching for team of 5 who stole 40 ATMs, 2 cars

1010 Wins News

NEW YORK (1010 WINS) -- Police are searching for five unidentified suspects they believe are responsible for breaking into 40 different businesses to steal ATMs over the course of six months.

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06/21/2022

Report: Banks Resist Refunds for Unauthorized Zelle Payments

PYMNTS.com

A slew of regulatory issues and new methods of stealing money from peoples’ bank accounts are changing how banks handle fraud and theft claims, The New York Times reported Monday (June 20).

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06/15/2022

Ransomware Group Debuts Searchable Victim Data

Krebs on Security

Cybercrime groups that specialize in stealing corporate data and demanding a ransom not to publish it have tried countless approaches to shaming their victims into paying.

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06/15/2022

Microsoft Patch Tuesday, June 2022 Edition

Krebs on Security

Microsoft on Tuesday released software updates to fix 60 security vulnerabilities in its Windows operating systems and other software, including a zero-day flaw in all supported Microsoft Office versions on all flavors of Windows that’s seen active exploitation for at least two months now.

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06/14/2022

Hackers Gonna Hack: Cyber Defense Not the Only Way to Shake ‘Em Off

Clearance Jobs

Ransomware attacks against municipalities have steadily increased in recent years, and according to the 2022 Cyber Security Statistics report from PurpleSec, 48 of 50 U.S. states, as well as the District of Columbia, experienced at least one ransomware attack between 2013 and 2018.

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06/14/2022

Suspects on the run after robbing bank patron

WDTN.com

MIAMISBURG, Ohio (WDTN) — Two suspects are on the loose after robbing the patron of a Miamisburg bank Monday morning.

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06/14/2022

“Downthem” DDoS-for-Hire Boss Gets 2 Years in Prison

Krebs on Security

A 33-year-old Illinois man was sentenced to two years in prison today following his conviction last year for operating services that allowed paying customers to launch powerful distributed denial-of-service (DDoS) attacks against hundreds of thousands of Internet users and websites.

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06/12/2022

Las Vegas Tax Preparer Pleads Guilty To Identity Theft And Money Laundering Crimes

The United States Attorney's Office District of Nevanda

LAS VEGAS – A Nevada man pleaded guilty yesterday to aggravated identity theft, wire fraud and money laundering. On March 28, he pleaded guilty to a separate indictment charging him with filing false tax returns with the IRS on behalf of clients, aggravated identity theft, wire fraud and impersonating an FBI agent.

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06/12/2022

Adconion Execs Plead Guilty in Federal Anti-Spam Case

Krebs on Security

At the outset of their federal criminal trial for hijacking vast swaths of Internet addresses for use in large-scale email spam campaigns, three current or former executives at online advertising firm Adconion Direct (now Amobee) have pleaded guilty to lesser misdemeanor charges of fraud and misrepresentation via email.

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06/12/2022

The Makings of a Million-Dollar Facebook Phishing Campaign

Bank Info Security

A massive phishing campaign used stolen credentials to log into Facebook user accounts and send phishing page links leading to the victims' friends to harvest their credentials, say researchers at PIXM, a New York-based cybersecurity firm that focuses on artificial intelligence.

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06/12/2022

10 popular apps that are dangerous for Android and iPhone

Kim Komando

Popularity is a pretty convincing smokescreen. When you hear other people raving about how well an app works, you might download it without a second thought. Unfortunately, tons of popular apps are dangerous for Android and iPhone.

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06/12/2022

Suspect arrested for allegedly passing $350K in bad checks

St. George Utah

ST. GEORGE — A suspect accused of writing $350,000 in bad checks was arrested in Washington City on Thursday and allegedly told police he did so because he was being threatened.

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06/12/2022

More charges filed in nationwide fraud scam targeting elderly victims

The United States Attorney's Office Southern District of Texas

HOUSTON – A 24-year-old Indian citizen has been taken into custody on charges related to a large nationwide conspiracy to commit mail fraud, announced U.S. Attorney Jennifer B. Lowery.

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06/12/2022

FBI busts online black market selling millions of stolen Social Security numbers

BGR.com

US law enforcement officials have shut down a series of websites making $19 million in revenue by selling stolen data.

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06/09/2022

Flagler residents report 'spoofing' scam involving Bunnell Police Department

First Coast News

The caller identifies themselves as the Bunnell Police Department with an arrest warrant and instructs the person to provide credit card information.

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06/09/2022

Job scams are on the rise. Watch out for these red flags

KCRA 3

The strong labor market has given us near-record low unemployment, higher wages -- and an unfortunate uptick in the number of reports of job seekers getting scammed.

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06/09/2022

NEW REPORT: Why Two-Thirds of US Businesses Resist Real-Time Payments Adoption

PYMNTS.com

Real-time payments have become one of the key tools that United States businesses have at their disposal to keep their business-to-business (B2B) operations running smoothly.

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06/08/2022

Cryptocurrency scams and the LGBTQ+ community

FTC

Cryptocurrency is the latest way that scammers are asking people to pay. And that’s important to know, since recent reporting suggests that crypto scams have an outsized impact on the LGBTQ+ community.

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06/07/2022

Cybereason: Paying ransoms leads to more ransomware attacks

TechTarget

Cybereason found that the majority of organizations that pay threat actors to decrypt data are attacked again -- usually within a month and at the hands of the same attackers.

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06/07/2022

New Survey Reveals 83% of Americans Have Received Scam Attempts in 2022

Bakersfield.com

If it seems like you’re receiving more spam than normal, you probably are.

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06/07/2022

More ‘Dirty Dozen’: Tax refund theft and fake charity appeals

Journal of Accountancy

Common ploys by which thieves con taxpayers out of their tax refunds figured among this year's second installment Monday of the IRS's "Dirty Dozen" warnings.

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06/07/2022

Personal Information of Over 30,000 Students Exposed in Unprotected Database

Security Week

The personal information of more than 30,000 students was found on an improperly secured Elasticsearch server, security researchers with SafetyDetectives report.

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06/07/2022

ITRC, LexisNexis Risk Solutions Release Report on Pandemic-Related Identity Fraud; Haywood Talcove Quoted

Executive BIZ

A new report by LexisNexis Risk Solutions and the Identity Theft Resource Center has found that 42 percent of individuals who applied for pandemic-related benefits said they were victims of identity fraud that resulted in them either being denied benefits or being recipients of benefits they had not applied for.

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06/07/2022

Bitcoin Leads Crypto Fraud As FTC Confirms $1 Billion Milestone

Forbes

Victims have lost over $1 billion in cryptocurrency scams between January 2021 and March 2022 according to a report released by the Federal Trade Commission on Friday.

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06/07/2022

FBI warns of fraud scheme targeting South Carolina businesses

Count on News 2

CHARLOTTE, N.C. (WCBD)- The FBI Charlotte Division has issued a warning about a fraud scheme targeting businesses in eight states, including South Carolina.

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06/07/2022

The Clearing House: Digital Dollar Is a Solution in Search of a Problem

PYMNTS.com

The banking industry had its say about the Federal Reserve’s ongoing investigation of a digital dollar last week, and it’s fair to say that it fell somewhere between opposition and outrage.

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06/07/2022

Fake Identity, Real Problem

FRB

As the threat of synthetic identity fraud continues to grow, the Federal Reserve is committed to supporting the payments industry in its fight against this type of fraud.

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06/05/2022

What Counts as “Good Faith Security Research?

Krebs on Security

The U.S. Department of Justice (DOJ) recently revised its policy on charging violations of the Computer Fraud and Abuse Act (CFAA), a 1986 law that remains the primary statute by which federal prosecutors pursue cybercrime cases.

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06/05/2022

Twitter fined $150M for selling user data

Security Boulevard

According to a court complaint filed by the U.S. Department of Justice (DoJ), “While Twitter represented to users that it collected their telephone numbers and email addresses to secure their accounts, Twitter failed to disclose that it also used user contact information to aid advertisers in reaching their preferred audiences.”

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06/05/2022

PYMNTS Intelligence: Leveraging Behavioral Analytics To Counter Identity Fraud

PYMNTS.com

The pandemic has altered day-to-day life in countless ways, driving a digital shift in banking, commerce and countless other services.

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06/05/2022

Scammers pretend to be U.S. Customs and Border Protection

FTC

Has the U.S. Border Patrol called you? No, they haven’t. But a scammer might have. In fact, scammers often pretend to be from government agencies to trick you into sending them money or sharing personal information.

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06/03/2022

Wells Fargo Facing Class-Action Lawsuit Over Alleged Zelle Scams

PYMNTS.com

Wells Fargo and money transfer service Zelle are facing a class-action lawsuit on allegations of violating the Electronic Fund Transfer Act and California’s Unfair Competition Law, according to the legal proceedings filed by Kazerouni Law Group.

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06/02/2022

New Tech Helps Merchants, Banks Beat Back Rising Tide of Friendly Fraud

PYMNTS.com

Sometimes the biggest threats come from the foes who pose as friends, spinning tales that seem legitimate and often urgent. And then comes the realization:

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06/02/2022

Fraud Execs Say ACH and Check Fraud Pose Ongoing FI Threat

PYMNTS.com

Digital payments are quickly becoming the new normal, but there is still a sizable contingent of consumers that prefer cash or paper checks.

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06/02/2022

REPORT: Two-Thirds of US Digital Banking Customers Choose Security Over Convenience

PYMNTS.com

As life becomes more digitally connected, consumers increasingly expect that all online transactions will be highly secure, simple and convenient.

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06/01/2022

Building a More Secure Cloud: 5 Strategies for 2022

The State of Security

Cloud adoption continues to soar. More than two-thirds of small to mid-sized businesses intend to increase their use of cloud technologies over the next few years. While the cloud comes with many security benefits, it also carries unique concerns.

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06/01/2022

Costa Rica May Be Pawn in Conti Ransomware Group’s Bid to Rebrand, Evade Sanctions

Krebs on Security

Costa Rica’s national health service was hacked sometime earlier this morning by a Russian ransomware group known as Hive.

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05/31/2022

Cybercriminals target metaverse investors with phishing scams

CNBC

A nurse in rural Maine. A fitness instructor in Colorado. A venture capitalist in Florida.

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05/31/2022

10 Strategies to Stop Ransomware Attacks

Security Boulevard

A ransomware attack can hold your organization’s data hostage. Attackers demand payment to release the information. Here are some ways to stop ransomware attacks.

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05/31/2022

Scammers are offering student loan (un)forgiveness

FTC

The U.S. Department of Education recently announced another extension of the student loan payment pause.

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05/31/2022

Kidnap Victim Asks for ‘Help Loan’ at Bank, Employees Set Off Silent Alarm

Crime Online

An alert Pennsylvania bank employee helped rescue a kidnapped woman on Wednesday when her captor brought her in to apply for a loan and she asked for a “help loan.”

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05/30/2022

BBB Tips: Job scams

Columbia Daily Tribune

With the Great Resignation showing no signs of slowing down, Better Business Bureau® (BBB®) warns job seekers to use caution when job-hunting online.

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05/30/2022

Lafayette man arrested for stealing checks from mailboxes

KTBS 3

LAFAYETTE, La. (AP) - One man is in custody and more arrests are expected after Lafayette Police say they caught someone stealing as much as $600,000 in checks from U.S. Postal Service drop boxes in the Lafayette area.

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05/30/2022

Phone-to-iPhone Tap to Pay Launches at Apple Stores

PYMNTS.com

Apple will begin rolling out its new Tap to Pay feature for the public, a report said Wednesday (May 25).

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05/27/2022

Today in Crypto: Andreessen Horowitz Debuts $4.5B Crypto Fund; WeWork's Neumann Starts Crypto Credit Climate Firm Flowcarbon

PYMNTS.com

Andreessen Horowitz has set up a new crypto fund, its fourth, which will total $4.5 billion, a company blog said Wednesday (May 25).

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05/27/2022

Phone-to-iPhone Tap to Pay Launches at Apple Stores

PYMNTS.com

Apple will begin rolling out its new Tap to Pay feature for the public, a report said Wednesday (May 25).

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05/25/2022

Why the Cybersecurity Industry Needs to Change Its Siloed Perception

The State of Security

As high-profile data theft incidents continue to rise and become more sophisticated, there is a greater-than-ever need for emerging businesses to take their cybersecurity seriously.

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05/25/2022

Your social media account hasn’t been hacked, it’s been cloned!

The State of Security

A recent Facebook post from a family member made me realize that I needed to write about an overused term.

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05/25/2022

BBB warns college grads to watch out for these scams

News 4 JAX

College graduates are navigating many life changes, and scammers are eager to take advantage of their inexperience. The following tips can help new grads avoid common scams.

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05/25/2022

Sheriff's warning: More stolen mail can mean more ID theft, bank or credit card fraud

CBS 12 News

FORT PIERCE, Fla. (CBS12) — More mail theft complaints have been coming in so a sheriff on the Treasure Coast is warning all victims: It leaves you vulnerable to identity theft, bank or credit card fraud, loss of property and more.

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05/25/2022

FedNow Pilot Brings New Features, Use Cases for Instant Payments in '23 and Beyond

PYMNTS.com

Round-the-clock, real-time payments often are credited to the Venmos and PayPals of the world.

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05/25/2022

FinTechs Get Zero-Fraud Guarantee for Inbound Digital Transfers

PYMNTS.com

Long live the digital transformation — given that it’s secure.

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05/24/2022

5 Steps to a Successful Crypto AML Program

The Block Crypto

As cryptocurrencies become increasingly mainstream, regulators, the media and policymakers are paying more attention to the financial crime risks associated with them.

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05/24/2022

Postal Employee and Son Charged with Conspiracy Involving Stolen Postal Money Orders Worth Over $5 Million

US Attorney's Office Southern District of California

SAN DIEGO – U.S. Postal Service employee Dewayne Morris Sr. and his son and namesake are charged in federal court with multiple felony counts of bank fraud and conspiracy in connection with the theft of $5 million in Postal money order forms.

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05/24/2022

VSP seeking public’s help with identifying check fraud suspect

WHSV 3

HARRISONBURG, Va. (WHSV) - The Virginia State Police Bureau of Criminal Investigation’s Appomattox Field Office is seeking the public’s help with identifying and locating a woman wanted for defrauding banks in Charlottesville, Augusta County and Harrisonburg.

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05/24/2022

FBI Designates 61 Active Shooter Incidents in 2021

FBI

In 2021, the FBI designated 61 shootings as active shooter incidents.

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05/24/2022

Man that turned himself into Wausau Police appears in court

WSAW

WAUSAU, Wis. (WSAW) - The 62-year-old man who turned himself after he was named a person of interest in a bank robbery has appeared in court on unrelated charges.

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05/23/2022

Criminals using deed fraud, identity theft to steal Arizona homes

AZ Family

Debi Gotlieb knew something was wrong when she could not find her late father’s home on the county assessor’s web page.

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05/23/2022

Big tech pushes passwordless for payments

Payments Dive

Google, Microsoft and Apple this month began a big, new push in their campaign for a passwordless standard that’s aimed at improving digital identity verification, including for payments.

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05/23/2022

Senators Urge FTC to Probe ID.me Over Selfie Data

Krebs on Security

Some of more tech-savvy Democrats in the U.S. Senate are asking the Federal Trade Commission (FTC) to investigate identity-proofing company ID.me for “deceptive statements” the company and its founder allegedly made over how they handle facial recognition data collected on behalf of the Internal Revenue Service, which until recently required anyone seeking a new IRS account online to provide a live video selfie to ID.me.

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05/23/2022

Visa Using AI to Eliminate Pending Charges

PYMNTS.com

Sometimes, it’s the little things that create the biggest frictions.

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05/23/2022

Watch: 22-year-old sentenced to 40 years in prison for 2019 kidnapping of bank manager and her children

Kenosha News

RACINE — A Milwaukee man who was part of a 2019 bank robbery scheme that involved the kidnapping of a pregnant bank manager from Kenosha and her two children was sentenced to 40 years in prison on Monday in Racine County Circuit Court.

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05/23/2022

ICE HSI Task Force busts $2 million unemployment fraud scheme

ICE

LOS ANGELES — Investigators with Homeland Security Investigations (HSI) led El Camino Real Financial Crimes Task Force arrested five people Tuesday.

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05/23/2022

Mitigating Synthetic Identity Fraud with Technology, Data and Information Sharing

Federal Reserve Bank

The Federal Reserve is working with the industry to identify and mitigate synthetic identity fraud.

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05/23/2022

Drug treatment referral service took advantage of addictions to make a quick buck

FTC

If you or someone you know needs help dealing with a drug or substance addiction, you may turn to companies that say they can connect you with appropriate treatment programs and services.

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05/23/2022

Hang up on imposter scams

FTC

When people encounter scams or bad business practices, they report them to the FTC.

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05/23/2022

Half of Banks Report New Urgency to Offer Embedded Biz Payments Innovation

PYMNTS.com

Modernizing payments is a critical initiative for financial institutions (FIs) and corporations of all sizes.

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05/23/2022

Cyberattacks target New Mexico school districts

KOAT.com

In January, Albuquerque public schools were forced to cancel classes because of a district-wide cyber-attack.

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05/23/2022

Carmel man sentenced for wire fraud

WISHTV.com 8

HAMMOND, Ind. (Inside INdiana Business) — A Carmel man has been sentenced to seven years in prison after being convicted of wire fraud and conspiracy to commit securities fraud.

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05/17/2022

What To Do If Your Travel Or Credit Card Rewards Are Stolen

Forbes Advisor

Data breaches are becoming far too common, but they mainly impact credit cards. While most folks are taking steps to secure their credit card accounts and protect against identity thieves, few are taking the same steps against credit card points theft.

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05/17/2022

Identity fraud: is a digital reshuffle needed as dangers increase?

Biometric Update

The process we call online identity verification involves the storage and use of data from sources such as physical identity documents, like passports, and the documentation of the face, via selfies or videos.

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05/17/2022

When Your Smart ID Card Reader Comes With Malware

Krebs on Security

Millions of U.S. government employees and contractors have been issued a secure smart ID card that enables physical access to buildings and controlled spaces, and provides access to government computer networks and systems at the cardholder’s appropriate security level.

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05/17/2022

Fargo police arrest man suspected of attempting to break into bank with rocks

Valley News Live

FARGO, N.D. (Valley News Live) - A man was arrested Monday after causing thousands of dollars in damages to a Bell Bank in Fargo.

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05/16/2022

SCAM ALERT Urgent warning about $850 relief check scam – how to get your money and avoid theft

The U.S. Sun

MAINE'S attorney general issued a warning to residents about scammers posing as IRS agents to defraud people. The state is sending out more than 850,000 stimulus checks this summer, and scammers are calling Mainers under the guise of gathering info to send out the money.

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05/11/2022

15-Year-Olds Are Reshaping Banking and Credit, and Changes Are on the Way

PYMNTS.com

The Bank of Mom & Dad (BOMD) isn’t just a sitcom line. One analysis found that parents lent their kids a collective $47 billion in 2019, mostly in the form of down payments on first homes

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05/11/2022

Looking for a new job or considering a business opportunity? Spot signs of a possible scam.

FTC

Scammers often target job seekers and prospective entrepreneurs with bogus employment and money-making offers.

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05/11/2022

Orlando couple out nearly $5K after ATM takeover scheme

Orlando 6

Couple says someone cleaned out account with card they never ordered

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05/11/2022

Microsoft Patch Tuesday, May 2022 Edition

Krebs on Security

Microsoft today released updates to fix at least 74 separate security problems in its Windows operating systems and related software. This month’s patch batch includes fixes for seven “critical” flaws, as well as a zero-day vulnerability that affects all supported versions of Windows.

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05/11/2022

Employing Individuals with Criminal Records

SHRM

It is estimated that nearly 80 million people in the U.S. have a criminal record of some sort—over one-third of the adult population. Yet despite the growing need among U.S. employers for workers, applicants with criminal records often face huge obstacles to achieving gainful employment.

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05/11/2022

What's a 'geofence' warrant? Midlothian bank heist case gets national attention

CT Courier Tribune

A Richmond man pleaded guilty in federal court on Monday to robbing a Midlothian bank of $196,932 in a case that tested the constitutionality of a “geofence” warrant that allowed Chesterfield County police to obtain Google location records of 19 cellphones near the bank at the time of the robbery. The defendant’s phone was among them.

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05/09/2022

Watch for an AdvoCare refund by check or PayPal starting May 5

FTC

If you lost money to AdvoCare — a multi-level marketer of energy drinks, shakes, and supplements that allegedly swindled people out of money through a pyramid scheme — we have good news.

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05/09/2022

Shutting down tech support scams

FTC

With technology, it’s easier than ever to connect with others and people are just a click or call away.

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05/08/2022

Waukesha State Bank robbery suspect, who claimed to have a hand grenade, pleads not guilty to allegation

Milwaukee Journal Sentinel

WAUKESHA - A 63-year-old man who authorities say confessed to an April 8 robbery of Waukesha State Bank has nonetheless pleaded not guilty to the charge.

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05/08/2022

TCH: Tokenization Removes Fraud Risk From Account-to-Account Transfers

PYMNTS.com

There’s a fundamental vulnerability within the great digital shift, amid the contactless payments, the digital wallets, the new and mobile ways in which we pay:

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05/08/2022

Your Phone May Soon Replace Many of Your Passwords

Krebs on Security

Apple, Google and Microsoft announced this week they will soon support an approach to authentication that avoids passwords altogether, and instead requires users to merely unlock their smartphones to sign in to websites or online services.

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05/08/2022

Criminals Are Scamming Zelle Users. Here's How to Keep Your Money Safe

CNET

Criminals are using the peer-to-peer payment service to drain bank accounts. Here's how to protect yourself.

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05/08/2022

Researchers say more than 1,500 stolen checks reported per week, part of dark web mail scheme

WSB-TV 2

COBB COUNTY, Ga. — A fraud scheme has postal workers getting robbed at gunpoint and researchers believe some of these criminals were behind a robbery in Smyrna.

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05/06/2022

Kupuna struck by credit card fraud hopes her story will help others avoid falling victim

KITV 4

HONOLULU (KITV4) -- Credit card fraud was the last thing Loretta Arruda of Halawa said she needed to deal with these days.

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05/06/2022

Woman uses ‘romance scam’ to steal nearly $34K from word game app player, police say

Hawaii News Now

GILBERT, Ariz. (Arizona’s Family/Gray News) - Police said a “romance scam” cost a woman nearly $34,000, and an Arizona woman is facing fraud charges as a result.

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05/06/2022

Scam Alert: New job asked you to interview via app? Be careful

Natchitoches Times

Whenever the economy threatens to take a dip, scammers love to bring back the good old employment scams.

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05/06/2022

More Consumers Buying Crypto and Want More Ways to Spend It

PYMNTS.com

If you want insight into how the cryptocurrency business as a whole is doing these days, look at how people are using it.

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05/06/2022

Inside a scam call: Hear how a con artist does his work

WGAL.com

WGAL continues an 8 On Your Side investigation about scammers conning their way into computers and stealing thousands of dollars.

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05/03/2022

Scam alert: BBB warns of new job interview scam involving messaging app, personal information

WAZ.com

(Gray News) - The Better Business Bureau says scammers love to bring back an employment scam whenever the economy threatens to take a dip.

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05/03/2022

Russia to Rent Tech-Savvy Prisoners to Corporate IT?

Krebs on Security

Faced with a brain drain of smart people fleeing the country following its invasion of Ukraine, the Russian Federation is floating a new strategy to address a worsening shortage of qualified information technology experts: Forcing tech-savvy people within the nation’s prison population to perform low-cost IT work for domestic companies.

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05/03/2022

Brazil Central Bank OKs Singapore's Shopee App as Payment Services Provider

PYMNTS.com

Shopee, the Singaporean shopping app, has gotten authorization from the central bank in Brazil to operate as a payment institution, Reuters reported Monday (May 2).

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05/03/2022

TCH: Tokenization Removes Fraud Risk From Account-to-Account Transfers

PYMNTS.com

There’s a fundamental vulnerability within the great digital shift, amid the contactless payments, the digital wallets, the new and mobile ways in which we pay:

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05/03/2022

Compliance does not equal security: 7 cybersecurity experts share their insights

The State of Security

It is often stated that security is hard. Whether it is the people, processes, and technology, or any combination of the three, security is a never ending challenge.

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05/03/2022

May The Fourth Be with You: Jedi Mind Tricks and Scams

The State of Security

Over the past few years, I’ve used Star Wars Day as a way to talk about two of my favourite things – Star Wars and cybersecurity.

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04/28/2022

DDoS attacks at an all-time-high in Q1 2022, says Kaspersky

The Register

Kaspersky has released a report showing Distributed Denial of Service (DDoS) attacks hit an all-time-high in the first quarter of 2022.

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04/28/2022

Coca-Cola probes pro-Kremlin gang's claims of 161GB data theft

The Register

Coca-Cola confirmed it's probing a possible network intrusion after the Stormous cybercrime gang claimed it stole 161GB of data from the beverage giant.

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04/27/2022

The New Way Banks, FinTechs Are Fighting Financial Crime

PYMNTS.com

Financial institutions’ (FIs’) efforts to meet regulatory compliance standards have become more complicated in the digital age. The acceleration of payments technology has amplified risk and the danger of an ineffectual anti-money laundering (AML) and anti-fraud strategy.

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04/26/2022

Former Co-Owner Of Vikings Pleads Guilty To Providing Shadow Banking Services To Cryptocurrency Exchanges

U.S. Attorney's Office Southern District of New York

Damian Williams, the United States Attorney for the Southern District of New York, announced that earlier today, REGINALD FOWLER pled guilty to bank fraud, bank fraud conspiracy, operation of an unlicensed money transmitting business, conspiracy to operate an unlicensed money transmitting business, and wire fraud.

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04/26/2022

Mastercard, Microsoft Debut Next-Gen ID Tech for Safer Online Shopping

PYMNTS.com

Mastercard and Microsoft Corp. have launched a refreshed identity solution designed to improve online shopping and detect digital fraud, the companies announced Monday (April 25).

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04/25/2022

T-Mobile Breached Again; Lapsus$ Behind the Attack

Gov Info Security

The U.S. telecom carrier T-Mobile has confirmed that the Lapsus$ ransomware group has breached its internal network by compromising employee accounts, according to multiple media reports. But, it says, hackers did not steal any sensitive customer or government information during the incident.

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04/24/2022

Leaked Chats Show LAPSUS$ Stole T-Mobile Source Code

Krebs on Security

KrebsOnSecurity recently reviewed a copy of the private chat messages between members of the LAPSUS$ cybercrime group in the week leading up to the arrest of its most active members last month.

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04/24/2022

Organized Crime Gangs Earn Big Bucks in Shift to Fraud

AARP

Gangs around the globe fuel billion-dollar underground economy

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04/24/2022

Synthetic identity fraud – the bad guys are now creating identities instead of stealing them

KSL.com

SALT LAKE CITY — Identity theft remains one of the top financial crimes in the world, but now, crooks have figured out a new fraud by combining both real and fake personal information to create a new identity.

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04/24/2022

Plainville man convicted in check-kiting scheme that cost banks millions

Hays Post

TOPEKA — A federal jury convicted a Plainville man of 31 counts of bank fraud, one count of making a false statement in connection with a Small Business Administration guaranteed loan, and one count of making a false statement in a loan or credit card application.

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04/20/2022

Three Sioux Falls Men Charged for Roles in Bank Fraud & Money Laundering Conspiracies

US Attorney's Office District of South Dakota

United States Attorney Dennis R. Holmes announced today that three men from Sioux Falls, South Dakota, have been indicted by a federal grand jury for their roles in bank fraud and money laundering conspiracies.

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04/20/2022

Cyber Security Education Firm Aware Force Reports on Most Dangerous Phishing E-mails and Texts Cyber Thieves Sent in Q1 2022

Businesswire

Infected USB drives, bogus Ukraine relief, identity theft and other lures were used to rip off unsuspecting victims.

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04/19/2022

Cyber Security Education Firm Aware Force Reports on Most Dangerous Phishing E-mails and Texts Cyber Thieves Sent in Q1 2022

Businesswire

Infected USB drives, bogus Ukraine relief, identity theft and other lures were used to rip off unsuspecting victims.

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04/19/2022

Recent Mobile Payment Trends And How They Are Shaping The Future

HackRead

Consumers, retailers, banks, and payment processors form a complicated network in today’s payment processing environment.

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04/18/2022

Conti’s Ransomware Toll on the Healthcare Industry

Krebs on Security

Conti — one of the most ruthless and successful Russian ransomware groups — publicly declared during the height of the COVID-19 pandemic that it would refrain from targeting healthcare providers.

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04/18/2022

Watch Out For These IRS and Tax Scams in 2022

Snopes.com

Tax scammers have always targeted our hopes and fears — and the COVID-19 pandemic has given them more ammunition than usual.

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04/18/2022

Report Finds Identity Fraud Up 167% In USPS Change Of Address Requests

Nextgov.com

The USPS Office of the Inspector General recommends stricter identity verification controls online, while management disagrees.

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04/17/2022

Russian hacker charged in East Texas on 30 counts of identity theft, wire fraud

ketk.com

TYLER, Texas (KETK) – A Russian hacker has been indicted in East Texas federal court on thirty counts, ranging from wire fraud to identity theft.

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04/17/2022

Justice Department: Addiction Treatment Facility Owner Convicted in $58 Million Health Care Fraud Scheme

Insurance News Net

WASHINGTON, April 15 -- The U.S. Department of Justice issued the following news release on April 13, 2022:

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04/14/2022

4th person pleads guilty in counterfeit check scheme

SFGATE

PROVIDENCE, R.I. (AP) — A fourth person pleaded guilty Monday to his role in a scheme that recruited homeless people from Rhode Island to cash counterfeit business checks in several New England states in exchange for a small payment, federal prosecutors said.

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04/14/2022

Want to know who stole your identity? Getting your records can help

FTC

Let’s say you learn that an identity thief took out credit in your name, pretending to be you.

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04/12/2022

Actions Target Russian Govt. Botnet, Hydra Dark Market

Krebs on Security

The U.S. Federal Bureau of Investigation (FBI) says it has disrupted a giant botnet built and operated by a Russian government intelligence unit known for launching destructive cyberattacks against energy infrastructure in the United States and Ukraine.

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04/12/2022

‘Modern-day Bonnie and Clyde’ face fraud charges related to mailbox thefts

The United States Attorneys Office ~ Southern District of Georgia

STATESBORO, GA: A man who referred to himself and his girlfriend as a “modern-day Bonnie and Clyde” has been indicted on multiple federal charges for the unlawful use of information gleaned in thefts from mailboxes, while his girlfriend awaits sentencing after admitting to a related charge.

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04/12/2022

RaidForums Gets Raided, Alleged Admin Arrested

Krebs on Security

The U.S. Department of Justice (DOJ) said today it seized the website and user database for RaidForums, an extremely popular English-language cybercrime forum that sold access to more than 10 billion consumer records stolen in some of the world’s largest data breaches since 2015.

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04/12/2022

Thieves Create Makeshift IDs With Synthetic Identity Fraud

Government Technology

According to experts on identity theft, thieves are increasingly using real Social Security numbers with random or fake names to create new identities — otherwise known as synthetic identity fraud.

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04/11/2022

BBB warns of home improvement scams

kait8.com

CAPE GIRARDEAU, Mo. (KFVS) - Think twice before hiring a contractor without reading reviews first

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04/11/2022

Pandemic Relief Fraud: Fake Bank and Business Records Easily Available Online

CPA Practice Advisor

The people who stole taxpayer money did it using bogus documents. And those are easily obtained on websites that are fully functional across the internet.

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04/11/2022

Double-Your-Crypto Scams Share Crypto Scam Host

Krebs on Security

Online scams that try to separate the unwary from their cryptocurrency are a dime a dozen, but a great many seemingly disparate crypto scam websites tend to rely on the same dodgy infrastructure providers to remain online in the face of massive fraud and abuse complaints from their erstwhile customers.

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04/11/2022

Warning: Callers are impersonating FTC Commissioner Noah Phillips

FTC

You’re minding your business and the phone rings. If you don’t screen and ignore it, you answer — and the caller says he’s Commissioner Noah Phillips from the FTC. (He’s not.)

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04/11/2022

Waukesha police arrest bank robber who claimed he had grenade

WISCNEWS

WAUKESHA — Police in Waukesha have arrested a man who allegedly tried to rob a bank Friday by suggesting he was armed with a grenade.

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04/11/2022

Wisconsin man gets prison time after robbing three banks, crashing stolen snowmobile

wearegreenbay.com

(WFRV) – A man from Stoughton was sentenced to prison after he robbed three banks, including one in Tennessee, all within a two-week period.

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04/06/2022

Recent Updates in Two Closely-Watched Cybersecurity and Privacy-Related Securities Fraud Class Actions

JD Supra

Observers have been awaiting decisions in a number of cybersecurity and privacy securities fraud class actions with potentially important implications for corporate liability.

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04/06/2022

The Original APT: Advanced Persistent Teenagers

Krebs on Security

Many organizations are already struggling to combat cybersecurity threats from ransomware purveyors and state-sponsored hacking groups, both of which tend to take days or weeks to pivot from an opportunistic malware infection to a full blown data breach.

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04/04/2022

Hawaii goes online to observe Financial Literacy Month

Victoria Advocate

HONOLULU (AP) — The state Office of the Securities Commissioner is holding a month-long financial education campaign to mark Financial Literacy Month in Hawaii.

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04/04/2022

Honolulu Man Charged in Connection With Series of Incidents on Big Island

Big Island Now - Hawaii

A Honolulu man is being charged in connection with a series of incidents that took place on the Big Island.

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04/04/2022

Fake Emergency Search Warrants Draw Scrutiny from Capitol Hill

Krebs on Security

On Tuesday, KrebsOnSecurity warned that hackers increasingly are using compromised government and police department email accounts to obtain sensitive customer data from mobile providers, ISPs and social media companies.

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04/04/2022

How a fake online romance cost one man almost $300,000

NBC News

“If you think it will never happen to you, you’re wrong," said one fraud expert. "It can and it will."

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03/31/2022

Morgan Stanley Wealth Management accounts breached in ‘vishing’ attacks

SC Media

Earlier this week, Morgan Stanley Wealth Management said cybercriminals broke into accounts using social engineering attacks, according to reports.

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03/31/2022

Account Takeover Fraud Is Getting More Sophisticated. How Can We Beat It?

PaymentsJournal

Fraudsters rapidly evolve their tactics as they look for the path of least resistance.

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03/31/2022

Ukraine neutralises massive cyber attack that paused Internet

Investing.com

Kiev, March 29 (IANS) Ukraine has neutralised a massive cyber-attack on core IT infrastructure that impacted the entire nation.

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03/31/2022

Bank robbers dress as security, make off with about $100,000 on Near West Side

CBS News

CHICAGO (CBS) -- Customers and employees at a Near West Side bank were forced to the floor during a robbery Tuesday afternoon.

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03/29/2022

St. Cloud Bank Hostage Suspect Found Incompetent to Stand Trial

KNSI Radio

(KNSI) – A man accused of holding five hostages during an attempted robbery at a bank in St. Cloud has been found incompetent to stand trial.

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03/29/2022

Mansfield woman issues warning after losing $5,500 in cryptocurrency fraud

5 News Cleveland

MANSFIELD, Ohio — Lois Guthery of Mansfield has lost much of her confidence in trusting anyone after she lost $5,500 in a cryptocurrency-related fraud last month.

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03/29/2022

Suspect arrested in early morning armed robbery

Kelo News

SIOUX FALLS, S.D. (KELO) — Police have arrested a suspect in an early morning armed robbery in Sioux Falls.

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03/29/2022

Hackers Gaining Power of Subpoena Via Fake “Emergency Data Requests”

Krebs on Security

There is a terrifying and highly effective “method” that criminal hackers are now using to harvest sensitive customer data from Internet service providers, phone companies and social media firms.

Details >
03/29/2022

Hackers Gaining Power of Subpoena Via Fake “Emergency Data Requests”

Krebs on Security

There is a terrifying and highly effective “method” that criminal hackers are now using to harvest sensitive customer data from Internet service providers, phone companies and social media firms.

Details >
03/29/2022

Donating with crypto? Watch out for scams.

FTC

You may have heard that the government of Ukraine is receiving donations by cryptocurrency. Unfortunately, scammers have heard this too and they’ve been posting on social media, as well as sending direct messages, to trick people into sending them money.

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03/29/2022

Thinking about investing in cryptocurrency? Here’s how to avoid getting scammed

Hawaii News

HONOLULU (HawaiiNewsNow) - As cryptocurrency grows in popularity, it’s also become a tool for scam artists.

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03/28/2022

Armored truck drivers exchange gunfire with possible robbers at bank in N. Harris Co., sheriff says

Click 2 Houston

HOUSTON, Texas – Operators of a Brinks Armored Truck reportedly exchanged gunfire with three suspects during a robbery attempt at a bank in north Harris County, according to Harris County Sheriff Ed Gonzalez.

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03/28/2022

IRS probe finds nearly $2 billion in coronavirus stimulus-related fraud

The Hill

IRS investigators have uncovered more than $1.8 billion in fraudulent activity related to federal COVID-19 stimulus funds, the agency said Wednesday.

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03/28/2022

Estonian Tied to 13 Ransomware Attacks Gets 66 Months in Prison

Krebs on Security

An Estonian man was sentenced today to more than five years in a U.S. prison for his role in at least 13 ransomware attacks that caused losses of approximately $53 million. Prosecutors say the accused also enjoyed a lengthy career of “cashing out” access to hacked bank accounts worldwide.

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03/28/2022

Early Warning Says a Little ‘Healthy Friction’ Goes a Long Way in Fight Against Fraud

PYMNTS.com

Romance scams. Puppy scams. Peer-to-peer (P2P) fraud. Like COVID-19 variants, the fraudsters and the scammers’ schemes continue to morph and mutate, shifting to fit the digital age.

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03/28/2022

FBI: ‘Razzmatazz Robber’ identified, charged with multiple bank robberies in Phoenix area

AZ Family

PHOENIX (3TV/CBS 5) - A serial bank robber who has a unique name based on a color is now off Valley streets, according to the FBI. Agents say they arrested 41-year-old Andres Murrietta on Wednesday after he robbed the SunWest Credit Union on Gilbert Road near Southern Avenue in Mesa.

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03/28/2022

Biden Urged to Focus ID Theft Order on Pandemic Fraud Crimes (1)

Bloomberg Law

President Joe Biden‘s upcoming anti-identity theft executive order should concentrate on criminal syndicates illegally applying for pandemic unemployment benefits in multiple U.S. states, according to a group focused on breaking down digital barriers to distributing public assistance.

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03/28/2022

What Is Multi-Factor Authentication, and What Does It Have to Do with You?

The State of Security

Security isn’t a simple matter of caring or spending time reading manuals or being told what you can or can’t do. Security is understanding how to view the world from a different perspective: instead of functional does it work, viewing it as how can I break 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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