Latest News
11/27/2023
KyberSwap Says Hackers Stole $55m in Crypto
Infosecurity Magazine
Decentralized exchange KyberSwap has become the latest crypto firm to lose millions to digital thieves, after reporting a highly sophisticated cyber-attack.
Details >11/27/2023
Multiple Healthcare Providers Suffer Thanksgiving Day Cyberattacks
The HIPAA Journal
Cyber actors often time their attacks to coincide with holiday periods when IT staffing levels are likely to be reduced to increase the probability of being able to access networks and exfiltrate data undetected, especially during Thanksgiving weekend.
Details >11/27/2023
NAME RIDDLE Veteran’s $76k compensation check cashed 24 hours after bank account was opened – but cops stumped by true ID of holder
The Sun
A man has been arrested after attempting to cash a check for tens of thousands of dollars and confusing cops with his identity.
Details >11/27/2023
Chicago man sentenced for 2021 bank robbery in Rochester
KIMT
ROCHESTER, Minn. – A Chicago man is finally sentenced for robbing a Rochester bank in 2021.
Details >11/27/2023
How Credit Unions Can Avoid the Pinch of Fraud Liability in an Era of Instant Payments
CU Times
Members demand fast, easy and convenient experiences, but what happens when transactions go wrong? When a member is a victim of fraud, what starts as a convenient experience can quickly turn difficult, exposing credit unions to a financial hit.
Details >11/27/2023
Credit card skimming on the rise for the holiday shopping season
Malwarebytes Labs
As we head into shopping season, customers aren’t the only ones getting excited. More online shopping means more opportunities for cybercriminals to grab their share using scams and data theft.
Details >11/25/2023
Humanity to OpenAI Board: You’re Fired!
PYMNTS
The last time I wrote about governance was in the summer of 2016. The United Kingdom had put a decision to exit the European Union to a popular vote. Brexit squeaked through in a heated process with much misinformation. It will all be a piece of cake, it was said.
Details >11/25/2023
UK Government Says Country Needs Open Banking Alternatives to Visa and Mastercard
PYMNTS
The U.K. risks falling behind other nations unless it can create an alternative to its Faster Payment Service.
Details >11/25/2023
Biometrics May Be Online Retail’s Ticket to More Sales
PYMNTS
Retailers are leveraging innovative solutions, such as biometrics, to enhance convenience, security and personalized services in their day-to-day business.
Details >11/25/2023
Crypto scam: Inside the billion-dollar ‘pig-butchering’ industry
Reuters.com
Fraudulent crypto investment schemes directed from Asia known as “pig butchering” have become a global billion-dollar industry. But little is known about those who benefit. Reuters traced at least $9 million linked to such scams to an account registered to a well-connected representative of a Chinese trade group in Thailand.
Details >11/25/2023
40% of Firms See Security, Not Just Speed, as Real-Time Payments Plus
PYMNTS
The demand for real-time payments is soaring, with The Clearing House’s RTP® network, the flagship real-time payment system in the United States, now serving 65% of all demand deposit accounts in the country.
Details >11/25/2023
Last two Felony Lane Gang members plead guilty in NKY bank fraud scheme
Cincinnati.com The Enquirer
Six people, who authorities say were members of a nationwide crime syndicate, have all been convicted in a scheme to fraudulently withdraw money from banks in Northern Kentucky.
Details >11/25/2023
Cybersecurity experts report alarming rise in quishing; how to avoid getting scammed
7 Eyewitness News
A new QR code scam known as quishing is on the rise.
Details >11/19/2023
Identity Theft Statistics
WalletHub
Identity theft is when someone steals and uses your personal information, usually to benefit financially.
Details >11/19/2023
U.S. Postal Service employee, 2 others arrested in stolen check scheme
WSOC-TV
CHARLOTTE — A U.S. Postal Service employee and two other people have been arrested on federal charges after being accused of being involved in a scheme involving stolen checks worth $24 million, according to the United States Attorney’s Office.
Details >11/16/2023
Didn't cash your Minnesota rebate check? Keep an eye on your mail
Bring me the News
State officials say they believe many of the rebate checks, which were sent in plain envelopes, were accidentally discarded.
Details >11/15/2023
Microsoft Patch Tuesday, November 2023 Edition
Krebs on Security
Microsoft today released updates to fix more than five dozen security holes in its Windows operating systems and related software, including three “zero day” vulnerabilities that Microsoft warns are already being exploited in active attacks.
Details >11/15/2023
Biometric Authentication Tailor-Made for a Digital-First World
PYMNTS
The realm of payments authentication is undergoing a shift.
Details >11/15/2023
CFPB seeking to regulate large fintech payment processors
CFPB Journal
The Consumer Financial Protection Bureau wants to supervise large nonbanks that offer digital wallets and payment applications.
Details >11/14/2023
Bitcoin Depot CEO weighs in on new California law
Payments Dive
Bitcoin Depot CEO Brandon Mintz contends a new California law will “create economic challenges” for his company and other crypto ATM operators.
Details >11/14/2023
CFPB Orders Citi to Pay $25.9 Million for Intentional, Illegal Discrimination Against Armenian Americans
CFPB
Citi hid discrimination by giving consumers false reasons for credit denials
Details >11/14/2023
Job Scams
FTC
Scammers advertise jobs the same way honest employers do — online (in ads, on job sites, and social media), in newspapers, and sometimes on TV and radio.
Details >11/14/2023
Only a Third of eCommerce Merchants Know if Fraud Caused a Failed Payment
PYMNTS
Online retailers widely implement anti-fraud tools and strategies — but minimizing false declines while effectively screening out potential fraud is easier said than done.
Details >11/13/2023
CEOs of crashed tech upstart Bitwise accused of swindling $100M from investors
The Register
The co-founders and co-CEOs of failed startup Bitwise appeared in a California court Thursday accused of cheating investors out of $100 million by making up bank statements and revenue figures.
Details >11/13/2023
Searching for a job to work remotely? Avoid scams and identity theft
FTC
Found a job listing to telework as a Spanish translator or a data entry clerk with great benefits and pay? Scammers are impersonating real employers on legitimate platforms like ZipRecruiter and Indeed. When you respond, they might even schedule interviews and send you paperwork that looks legit. But it’s all a scam to get your information and steal your money or your identity. Here’s how to know you’re dealing with a scam.
Details >11/13/2023
Check Fraud: A Low-Tech and Increasingly Common Crime
The Federal Reserve FedPayments Improvement
The Federal Reserve’s longstanding commitment to combat fraud and build awareness includes providing education on fraud trends and improving the security of all payments. One form of payment in particular – checks – is seeing a sizable increase in fraudulent appeal.
Details >11/13/2023
How an Exchange Framework Can Accelerate Adoption of B2B Instant Payments
The Federal Reserve FedPayments Improvement
The world is moving fast. From same-day e-commerce delivery to instant streaming services, technological advancements have improved digitalization across multiple industries. This is also true for payments.
Details >11/13/2023
Massive Surge in Security Breaches of Pensions Prompt Questions
FORTRA
A recent report from RPC has revealed that cybersecurity breaches in UK pension schemes increased by 4,000% from 2021/22 to 2022/23.
Details >11/13/2023
A Scary Story of Group Policy Gone Wrong: Accidental Misconfigurations
FORTRA
In the world of cybersecurity, insider threats remain a potent and often underestimated danger.
Details >11/13/2023
6 Common Phishing Attacks and How to Protect Against Them
FORTRA
Phishing is still as large a concern as ever. “If it ain’t broke, don’t fix it,” seems to hold in this tried-and-true attack method.
Details >11/12/2023
Fighting Fraud: How criminals try to bypass two-factor authentication
Local 12
CINCINNATI (WKRC) - Many of us use two-factor authentication to better protect our bank account or online information.
Details >11/12/2023
A major cyber attack: $3.5 Trillion Loss can occur!
Security Boulevard
In our increasingly interconnected world, cyberattacks pose a serious concern, and the potential financial damage of these attacks is more surprising now than in the past.
Details >11/12/2023
St. Paul man on probation for bank robbery hits another bank, a pharmacy and a convenience store (twice)
INFORUM
Michael Dashon Wise, 49, was released from federal prison in 2020 and put on supervised probation for five years
Details >11/12/2023
BBB Study: Young adult scams surpass older age groups
Carriage Towne News
MARLBOROUGH, MA — People ages 18-24 reported losing more money to scams than older age groups, according to a new report published by the BBB Institute for Marketplace Trust (BBB Institute), the International Association of Better Business Bureaus’ educational foundation.
Details >11/12/2023
It’s Still Easy for Anyone to Become You at Experian
Krebs on Security
In the summer of 2022, KrebsOnSecurity documented the plight of several readers who had their accounts at big-three consumer credit reporting bureau Experian hijacked after identity thieves simply re-registered the accounts using a different email address.
Details >11/10/2023
Boeing Confirms Cyber Attack After LockBit Ransomware Threatened to Leak Data
CP Magazine
American aviation and aerospace giant Boeing is investigating a cyber attack claimed by the Russian LockBit ransomware group
Details >11/10/2023
A major cyber attack: $3.5 Trillion Loss can occur!
Security Boulevard
In our increasingly interconnected world, cyberattacks pose a serious concern, and the potential financial damage of these attacks is more surprising now than in the past.
Details >11/10/2023
Several new fraud alerts issued to residents across Florida
Fox 35 Orlando
Between Facebook Marketplace, Zelle, and even traditional phone calls – scammers are preying on Florida residents.
Details >11/10/2023
Costa Rica's $6 million National Bank heist was an inside job, authorities say
ABC News
SAN JOSE, Costa Rica -- Little by little an employee of Costa Rica’s National Bank took advantage of a surveillance blindspot to slip more than $6 million worth of currency into envelopes and casually walk out of the country’s largest bank, authorities said Wednesday.
Details >11/10/2023
Credit Repair Firms Driving $20B Synthetic ID Fraud Crisis
Gov Info Security
The ongoing battle against synthetic identity fraud has reached a critical point, as credit repair companies now play a major role in exacerbating this pervasive form of fraud.
Details >11/10/2023
Police search for suspect involved in Best Buy identity theft incident
WTVM
OPELIKA, Ala. (WTVM) - Police search for a suspect in an identity theft incident at Best Buy in Opelika.
Details >11/10/2023
What We Know After 6 Years of Asking Consumers About Receiving Instant Payments
PYMNTS
In the last year, 62% of consumers received disbursements from various corporate and government agencies, with the average consumer receiving $34,000.
Details >11/10/2023
What 23 Payments Executives Shared About Tomorrow’s Most Promising Innovations
PYMNTS
Only experts and insiders can truly know what the next great payments innovations will be.
Details >11/07/2023
Johnson City police release photos of bank robbery suspect
News Channel 11, wjhl.com
JOHNSON CITY, Tenn. (WJHL) – The Johnson City Police Department (JCPD) is investigating after a reported bank robbery Monday morning.
Details >11/07/2023
2 men indicted for alleged bank robbery spree across Chicago area
WGNTV
CHICAGO — Two men face federal charges for their alleged role in a string of bank robberies across the Chicago area, prosecutors announced Monday.
Details >11/07/2023
Financial Services Fraud Is up 39% from 2019, Says a TransUnion Report
Digital Transactions
Fraud at call centers operated by financial services organizations increased 39% from 2019 to 2022, according to new data from TransUnion LLC.
Details >11/07/2023
Financial Sector Prepares for New Payment Security Guidelines
Global News & Analysis
With increasingly digital payment methods, financial institutions are working to protect consumer data. Financial crimes such as synthetic identity fraud have grown easier with the development of artificial intelligence (AI).
Details >11/07/2023
SCSO Arrests Five on Racketering, Identity Theft Charges
Sarasota County Sheriff's Office
The Sarasota County Sheriff's Office (SCSO), working jointly with the Florida Department of Law Enforcement (FDLE), arrested Sammy David Nelson, 39, and Brittany Alexandria Nelson, 34, both of Margate; Jerome Dale Senior II, 41, of Plantation; Linda Joyce Hugley, 65, of Lauderdale Lakes; and Karlyn Marketa Campbell, 39, of Pompano Beach – all members of the Nelson Group.
Details >11/06/2023
Businessman sentenced in $180 million bank fraud that paid for lavish lifestyle, classic cars
AP News
CLEVELAND (AP) — A businessman who orchestrated a $180 million check-kiting scheme and used the proceeds to live a lavish lifestyle and amass one of the world’s most revered classic car collections has been sentenced to more than eight years in prison.
Details >11/06/2023
Southern Pine Credit Union President and Controller Plead Guilty to Bank Fraud
United States Attorney's Office Middle District of Georgia
VALDOSTA, Ga. – The former President and the former Controller of Southern Pine Credit Union in Valdosta both pleaded guilty to long-running multimillion-dollar bank loan and aggravated identity theft schemes.
Details >11/06/2023
Over 70% of Consumers Do Not Believe Real-Time Payments Are Truly Instant
PYMNTS
Consumers are increasingly embracing the immediacy and transparency offered by real-time payments. And the migration to ISO 20022, a new global standard for secure and efficient messaging between financial institutions (FIs), is expected to further accelerate this trend.
Details >11/06/2023
Parents are stealing their children’s identities to access debt—and destroying their kids’ credit scores in the process
Yahoo Finance
When Axton Betz-Hamilton set up her first utility bill at college, she soon realized something was very, very wrong.
Details >11/06/2023
’Tis the Season for Fraudsters and Gift Card Scams
PYMNTS
The holidays are upon us, and gift cards remain a favorite to give and receive.
Details >11/06/2023
Who’s Behind the SWAT USA Reshipping Service?
Krebs On Security
Last week, KrebsOnSecurity broke the news that one of the largest cybercrime services for laundering stolen merchandise was hacked recently, exposing its internal operations, finances and organizational structure.
Details >11/06/2023
Nigerian National Pleads Guilty to Multi-Million Dollar Cyber Fraud Scheme Targeting Tulsa Company and Four Other Companies
United States Attorney's Office Northern District of Oklahoma
TULSA, Okla. – A Nigerian national pleaded guilty Tuesday to wire fraud and transportation of stolen property in federal court, announced U.S. Attorney Clint Johnson.
Details >11/06/2023
Russian Reshipping Service ‘SWAT USA Drop’ Exposed
Krebs on Security
One of the largest cybercrime services for laundering stolen merchandise was hacked recently, exposing its internal operations, finances and organizational structure.
Details >11/06/2023
Over 70% of Consumers Do Not Believe Real-Time Payments Are Truly Instant
PYMNTS
Consumers are increasingly embracing the immediacy and transparency offered by real-time payments.
Details >11/01/2023
Humans are still better than AI at crafting phishing emails, but for how long?
Help Net Security
Humans are still better at crafting phishing emails compared to AI, but not by far and likely not for long, according to research conducted by IBM X-Force Red.
Details >11/01/2023
Russian Hackers Breached 632,000 DOJ And Pentagon Email Addresses In Massive MOVEit Cyberattack, Report Says
Forbes
The email addresses of about 632,000 employees from the Justice and Defense departments were accessed in a hack earlier this year, Bloomberg reported Monday, adding to the number of organizations—including airlines, universities and other U.S. agencies—impacted by a series of data breaches largely blamed on a Russian-speaking criminal group.
Details >11/01/2023
Jury finds Hawaii couple guilty for stealing identities of dead babies
Hawaii News Now
HONOLULU (AP) - A jury has convicted a Hawaii couple of conspiracy, passport fraud and identity theft for stealing identities and living for decades under the names of dead babies.
Details >11/01/2023
Young people hardest hit by scams according to BBB report
Fox 13 Salt Lake City
SALT LAKE CITY — It's a common stereotype that older people are easy targets for con artists, but a new report from the Better Business Bureau People found that people ages 18-24 reported losing more money to scams than older age groups.
Details >11/01/2023
Dallas County officials reported Tuesday on their defense against a cyber attack
Dallas County
Dallas County officials said Tuesday that a cyber attack they now confirm was detected on October 19 has been contained with no closure of services.
Details >11/01/2023
Trial set in identity theft case
Leader Telegram
EAU CLAIRE — A February trial is scheduled for a woman facing seven courts of identity theft in Eau Claire.
Details >10/31/2023
Scammers are impersonating FTC Inspector General Andrew Katsaros
FTC
Scammers are using the names of FTC employees, including the FTC’s Inspector General, to trick people into sending money or giving up their personal information. Here’s what you need to know.
Details >10/31/2023
The Rising Role of Cybersecurity in ESG and How Companies Are Taking Action
Sustainability.com
In today’s data-driven world, cybersecurity has emerged as one of the biggest threats to the global economy and is one of the top risks facing businesses worldwide.
Details >10/31/2023
"Superman" Bank Robbery Suspect Captured in Alabama
Country 94.7 KTTS
(KTTS News) — A man from Mississippi has been charged with robbing a Springfield bank.
Details >10/31/2023
.US Harbors Prolific Malicious Link Shortening Service
Krebs on Security
The top-level domain for the United States — .US — is home to thousands of newly-registered domains tied to a malicious link shortening service that facilitates malware and phishing scams, new research suggests.
Details >10/31/2023
.US Harbors Prolific Malicious Link Shortening Service
Krebs on Security
The top-level domain for the United States — .US — is home to thousands of newly-registered domains tied to a malicious link shortening service that facilitates malware and phishing scams, new research suggests.
Details >10/30/2023
10 things you should never keep on your mobile to avoid fraud and data theft
Tech World
.Nowadays, it is very common to save all types of information on your mobile, from photos and videos to important personal documents. However, storing certain types of data can be dangerous for your privacy and security online.
Details >10/30/2023
iLeakage Attack: Theft of Sensitive Data from Apple’s Safari Browser
Hack Read
What happens in iLeakage attacks is that the CPU is tricked into executing speculative code that reads sensitive data from memory.
Details >10/30/2023
A silent crisis: Data breaches are bankrupting small businesses
Citrus County Chronicle
In 2022, the United States witnessed a staggering 1,802 data breach cases, affecting more than 422 million individuals.
Details >10/30/2023
Rise in global cyberattacks, ransomware threats surge, healthcare and APAC most affected
PYMNTS
According to a recent comparative study by Check Point Research, the first nine months of 2023 and 2022 have witnessed an increase in global cyberattacks. The report reveals that average weekly global cyberattacks rest 3% higher this year as compared to the prior year.
Details >10/30/2023
Musk Says X Will Be Financial Service Hub by 2024
PYMNTS
Elon Musk reportedly expects X to transform into a payments super app by next year.
Details >10/29/2023
What you can do when ‘fraud never sleeps’
ABA Risk and compliance Banking Journal
To effectively protect the consumer and the organization, it’s paramount to delve into the human side of financial crime, says Kelly Richmond Pope, an expert in risk, forensic accounting and white-collar crime research.
Details >10/29/2023
Out-of-state check forgery ring busted by Madison PD
Madison County Journal
MADISON — Five people were arrested last week in a conspiracy involving fraudulent check writing here.
Details >10/29/2023
CFOs See Instant Payments as ‘Cash Management’ Tool
PYMNTS
The last few months have been ones of marked change for B2B payments, and the rise of embedded finance points the way for what’s to come in 2024 and beyond.
Details >10/29/2023
Accelerating Account-to-Account Transfers via Real-Time Payments
PYMNTS
Account-to-account (A2A) transfers have seen a renaissance over the past decade as open banking grows more popular. However, in the United States, these bank payments are slower and less efficient than other options. Implementing real-time rails could potentially revolutionize the A2A ecosystem.
Details >10/29/2023
Risk managers beware – generative AI spells serious concerns for security
Insurance Business Magazine
More than eight in 10 believe that deepfake tech will be used in future cyber attacks
Details >10/26/2023
Hackers Stole Access Tokens from Okta’s Support Unit
Krebs on Security
Okta, a company that provides identity tools like multi-factor authentication and single sign-on to thousands of businesses, has suffered a security breach involving a compromise of its customer support unit, KrebsOnSecurity has learned.
Details >10/26/2023
AG Ellison reaches settlement over $2.3B in attempted unauthorized withdrawals
KEYC News Now
ST. PAUL, Minn. (KEYC) - Minnesota Attorney General Keith Ellison reached a multibillion settlement over unauthorized withdrawals.
Details >10/26/2023
Salt Security Discovers Flaws in Social Login Mechanism Impacting 1000s of Websites and Exposing Billions of Users to Account Takeover
Cision PR Newswire
PALO ALTO, Calif., Oct. 24, 2023 /PRNewswire/ -- Salt Security, the leading API security company, today released new threat research from Salt Labs highlighting API security vulnerabilities uncovered in the social sign-in and Open Authentication (OAuth) implementations of multiple online companies, including Grammarly, Vidio, and Bukalapak.
Details >10/26/2023
More than 500 potential cyber attacks logged every second, BT says
Independent
More than 46 million signals of potential cyber attacks are spotted by cyber security experts every day around the world, according to new data from BT.
Details >10/26/2023
There were 11% more ransomware attacks in Q3 than Q2 2023
Security Magazine
A recent global ransomware report by Corvus Insurance found that ransomware attack frequency is up 11% from Q2 and increased 95% year-over-year (YoY). According to the report, the single MOVEit vulnerability accounted for 9% of victims listed in Q2 and 13% of victims listed in Q3.
Details >10/26/2023
Cyber operations linked to Israel-Hamas fighting gain momentum
Cyberscoop
Amid a flurry of exaggerated claims of cyber attacks, experts caution that attacks on digital systems may intensify as the conflict drags on.
Details >10/26/2023
CHATGPT'S SCARY GOOD AT GETTING PEOPLE TO CLICK PHISHING EMAILS, IBM FINDS
Futurism
OpenAI's ChatGPT can spit out a poem or write a letter if you're at a loss for words. Or, given the right prompts, you can use it to write a convincing phishing email at unprecedented speed and scale.
Details >10/26/2023
‘What’s Next’ for Payments in 2024 and Beyond? Citi Says Invisible Payments (Finally)
PYMNTS
With 2024 right around the corner, Vineeth Subramanyam, managing director and global head of Spring by Citi, told Karen Webster that the unstoppable push toward personalization and automation in payments will take a cue from innovations stretching back into the early days of the millennium.
Details >10/26/2023
ISO 20022, Open Banking Will Transform Cross-Border Payments
PYMNTS
Nilesh Dusane, global head of institutional payments at Amazon Web Services (AWS), told Karen Webster that there’s one common refrain among financial institutions (FIs) and payment companies.
Details >10/25/2023
American Family Insurance Confirms Reports of Cyber Attack, Raising Consumers’ Concerns Over a Possible Data Breach
JD Supra
Last week, American Family Insurance (“American Family”) confirmed that the recent IT issues the company has been dealing with were due to a cyberattack.
Details >10/25/2023
September saw a record 153% increase of ransomware attacks, says NCC Group
zdnet.com
With 514 victims falling prey to ransomware in September, it's time every consumer and business started taking this threat seriously.
Details >10/25/2023
Generation Z Will Help Shape Payments Innovations for Years to Come
PYMNTS
Jacqueline White, president at i2c, told PYMNTS in a recent interview that “what’s next” in payments may be determined by demographics.
Details >10/25/2023
What’s Next in Payments Security: White Hats vs Black Hats, With AI as a Weapon
PYMNTS
Jeff Hallenbeck, head of financial partnerships at Forter, told PYMNTS that as 2024 dawns, artificial intelligence (AI) will be a technological tool increasingly leveraged by fraudsters — and a tool necessary to beat them too.
Details >10/25/2023
Regions Financial Sinks Most Since March After Earnings Miss
Bloomberg
Regions Financial Corp. slumped as much as 16% after warning it expects further declines in net interest income as higher rates continue to take a toll on the bank.
Details >10/20/2023
NJ Settles with ACI Payments, Inc. for Unauthorized Transactions from Mr. Cooper Customer Accounts
Insider NJ
The New Jersey Department of Banking and Insurance and 43 other state financial agencies have reached settlements with ACI Payments, Inc. for erroneously initiating electronic transactions totaling $2.3 billion from the accounts of 480,000 mortgage-holders serviced by the business Mr. Cooper (formerly known as Nationstar Mortgage, LLC).
Details >10/20/2023
Zumigo introduces QR code for passwordless login
Help Net Security
Zumigo launched a functionality within the Zumigo Assure Authentication product that facilitates the transfer of verified trust from a user’s mobile phone to a desktop, laptop and tablet.
Details >10/20/2023
Don’t Mail a Check or Other Financial Docs on This Day of the Week
Yahoo Finance
Many people send important financial documents — such as checks, money orders and tax returns — in the mail. While this method might not be as fast as, say, emailing them, it may be more secure.
Details >10/20/2023
Fighting fraud against older adults
FTC
Protecting older adults is one of the FTC’s top priorities, and a new report to Congress tells how the agency tackled fraud, scams, and other issues affecting older adults over the last year. It’s been a busy year at the FTC, so what are some of the highlights?
Details >10/20/2023
Marijuana operator gets $22M in loans from Minnesota governmental agencies
MJ Biz Daily
Hwy35, a Missouri-based marijuana operator, secured $22 million in funding from two state agencies in Minnesota as well as a municipality.
Details >10/18/2023
Navigating Risk and Fraud Management in the World of Bank Transfers
Payments Journal
Digital transformation has accelerated the evolution of financial transactions dramatically in the last decade. Gone are the days when paper checks were the norm, with a recent Philadelphia Fed Study, reporting that since 2009, paper check usage has been dropping by 1.2 billion annually.
Details >10/18/2023
KC Woman Sentenced for Fraud Schemes, Identity Theft
United States Attorney's Office Western District of Missouri
KANSAS CITY, Mo. – A Kansas City, Mo., woman was sentenced in federal court today for a series of fraud schemes that utilized stolen identity information.
Details >10/18/2023
The Fake Browser Update Scam Gets a Makeover
Krebs on Security
One of the oldest malware tricks in the book — hacked websites claiming visitors need to update their Web browser before they can view any content — has roared back to life in the past few months.
Details >10/17/2023
The Clearing House CEO: ‘It’s All About Growing the Real-Time Payments Pie, Not Fighting Over Profits’
PYMNTS
Now in his eighth month as CEO of The Clearing House, David Watson noted to PYMNTS CEO Karen Webster that there’s significant promise — and a long road ahead — for real-time payments in the United States.
Details >10/17/2023
Tech CEO Sentenced to 5 Years in IP Address Scheme
Krebs on Security
Amir Golestan, the 40-year-old CEO of the Charleston, S.C. based technology company Micfo LLC, has been sentenced to five years in prison for wire fraud.
Details >10/16/2023
US Banks Brace for Surge in Bad Debt Write-Offs
PYMNTS
The largest U.S. banks are reportedly bracing themselves for a surge in bad debt write-offs, the highest since the early days of the pandemic.
Details >10/16/2023
Help Your Vendors Safeguard Your Company from Cybercrime
Las Vegas Review-Journal
When it comes to phishing, scams and other types of fraud, bad actors play their villainous roles to near-perfection, and too often, they get a fat paycheck for your trouble. One of the lesser-known avenues for a cyberattack is through what most companies consider trusted allies: the vendors they do business with.
Details >10/15/2023
ATM worker robbed at Regions Bank in Franklin, FBI, police searching for 2 suspects
WSMV NBC 4
NASHVILLE, Tenn. (WSMV) - Franklin police and the Federal Bureau of Investigation are searching for two suspects after a worker servicing an ATM on Murfreesboro Road was robbed on Thursday afternoon.
Details >10/15/2023
AARP warns about the rise of smishing
the Farmville Herald
If you have a cell phone, you've probably noticed an increase in text messages from people you don't know.
Details >10/14/2023
Would-be bank robber asks for keys to vault
WREG.com
MEMPHIS, Tenn. — A man who tried to rob a Cordova bank Tuesday afternoon left without any loot.
Details >10/14/2023
Two bank workers found safe in vault after being held at gunpoint amid armed robbery
Yahoo News
Two workers at a University Place bank, who were being held at gunpoint, dashed to the vault and locked the door amid a robbery.
Details >10/13/2023
Protect your business from check fraud: Tips from an Atlanta banking expert
Biz Journals
Last year, 65% of all businesses experienced payment fraud attacks, according to the Association for Financial Professionals.
Details >10/13/2023
$760K Check Scheme: Westchester Man Nabbed For 'Malicious Fraud,' Feds Say
Dailyvoice.com NY
A 26-year-old Westchester man who was arrested while hiding under his co-conspirator’s couch now faces charges in connection to a $760,000 check fraud scheme that victimized several people and their businesses, officials announced.
Details >10/13/2023
CHECK FRAUD SUSPECT ARRESTED THANKS TO ALERT TELLER
Upper Merion Township Police Department, PA
On Tuesday October 3rd, 2023 at about 11:20 AM, Upper Merion Police responded to the Police and Fire Federal Credit Union, located at 236 W. Dekalb Pike in reference to a check fraud in progress. As officers were on the way to the bank, they were advised by dispatchers that the suspect was inside the bank attempting to cash a $9,700 check. The female presented an out of state driver's license to the teller and didn't have an account with the bank.
Details >10/13/2023
17 BSO employees charged in wide-ranging PPP loan fraud investigation
Local 10.com
BROWARD COUNTY, Fla. – Broward County Sheriff Gregory Tony joined federal law enforcement officials Thursday for a news conference announcing the arrests of more than a dozen Broward Sheriff’s Office employees suspected of fraudulently applying for and receiving Paycheck Protection Program loans.
Details >10/12/2023
How an Exchange Framework Can Accelerate Adoption of B2B Instant Payments
The Federal Reserve FedPayments Improvement
The world is moving fast. From same-day e-commerce delivery to instant streaming services, technological advancements have improved digitalization across multiple industries. This is also true for payments.
Details >10/12/2023
Crypto companies touting FDIC insurance? Not so fast.
FTC
If your bank is FDIC insured, you’re protected up to $250,000 if the bank fails. But what about the funds you deposit with a crypto-based financial services provider? Nope.
Details >10/11/2023
Patch Tuesday, October 2023 Edition
Krebs on Security
Microsoft today issued security updates for more than 100 newly-discovered vulnerabilities in its Windows operating system and related software, including four flaws that are already being exploited. In addition, Apple recently released emergency updates to quash a pair of zero-day bugs in iOS.
Details >10/11/2023
How to Spot a Fake Cashier’s Check: Tips and Tricks
Nigerian Tribune
If you’re receiving a cashier’s check, you might think it’s a guaranteed form of payment.
Details >10/11/2023
What can I do if I am the victim of identity theft? Ask the Lawyer
Daily Breeze
Q: Never thought this would happen to me. Someone somehow got my Social Security number, obtained a credit card and charged items on it. I found out when the bill came. Now what?
Details >10/11/2023
Police respond to incident at bank in Sioux Falls
Keloland.com
SIOUX FALLS, S.D. (KELO) — A Sioux Falls man is behind bars, accused of robbing a bank on the west side of the city.
Details >10/10/2023
Skimmer Gets Prison for Million-Dollar Financial Identity Theft Scheme
United States Attorney's Office Southern District of California
SAN DIEGO – A Los Angeles metropolitan resident was sentenced today to 41 months in prison for repeatedly installing specialized devices to steal the financial information of unwitting victims at gas pumps throughout Southern California.
Details >10/10/2023
Two Charlotte Businessmen Are Sentenced To Prison For Selling Fraudulently Obtained New iPhones Overseas
United States Attorney's Office Western District of North Carolina
CHARLOTTE, N.C. – Hamzeh Jamal Alasfar, 31, and Tayseer Issam Alkhayyat, 35, both of Charlotte, were each sentenced today to 46 months in prison for a multi-year scheme to buy, sell, and ship fraudulently obtained and stolen new Apple iPhones to domestic and international buyers, announced Dena J. King, U.S. Attorney for the Western District of North Carolina.
Details >10/10/2023
Member of counterfeit savings bonds ring convicted
United States Attorney's Office Southern District of Texas
BROWNSVILLE, Texas - A 45-year-old California woman has pleaded guilty to conspiring to make, pass and transfer counterfeit U.S. savings bonds and passing counterfeit savings bonds.
Details >10/10/2023
Phishers Spoof USPS, 12 Other Natl’ Postal Services
Krebs on Security
Recent weeks have seen a sizable uptick in the number of phishing scams targeting U.S. Postal Service (USPS) customers.
Details >10/10/2023
AARP Virginia Fraud Alert: The Rise of Smishing
AARP
If you have a cell phone, you've probably noticed an increase in text messages from people you don't know.
Details >10/09/2023
Lawmakers Raise Concerns Over Social Media’s Deepfake Problem
PYMNTS
Generative artificial intelligence (AI) can digitally create nearly everything and anything.
Details >10/09/2023
Handicapping the US, UK and Europe Real-Time Payments Race
PYMNTS
Real-time payments have revolutionized the global financial landscape, fostering greater efficiency, convenience and inclusion. Countries worldwide are embracing real-time payment systems to meet the growing demand for instant transactions.
Details >10/09/2023
Can Blockchain Deliver Speed, Security and Inclusion to Global Payments?
PYMNTS
Innovative technology is on the cusp of transforming existing global payments infrastructure.
Details >10/09/2023
How Contactless Payment is Changing the Way We Shop
Fintech Zoom
In today’s fast-paced world, convenience is key, especially when it comes to shopping. With the advent of contactless payment, our shopping experience has been revolutionized.
Details >10/09/2023
That friend request could be from a scammer
FTC
Scammers are using social media to go after your money and personal information. And it’s working: since 2021, people have reported losing $2.7 billion to scams that started on social media — way more than with any other contact method.
Details >10/09/2023
Preventing Account Takeovers: A Crucial Step to Mitigate Identity Theft
Security Boulevard
In today’s hyper-connected world, the threat of account takeovers and identity theft is more real than ever. As corporate executives and High Net Worth Individuals (HNWI), you are particularly at risk.
Details >10/09/2023
FBI warns of rising elder fraud crime rates as scammers steal billions in savings each year
CBS News
Washington — Americans over 60 are increasingly falling victim to crimes of fraud perpetrated online and over the phone at rates that add up to billions in losses each year, and federal investigators are warning that the scammers are becoming more sophisticated in the ploys they use to get their victims to hand over large sums of money.
Details >10/09/2023
Why One Of The Largest Cyber-Attacks Is Still A Mystery
Slash Gear
Cyber espionage is a powerful tool in modern warfare. It can be used to spy on prominent individuals like political leaders, government officials, and business heads, spread disinformation, and even disrupt infrastructure.
Details >10/09/2023
10 charged in $14K fraud scheme targeting drive-thru customers at NW Indiana fast food restaurant
NBC Chicago
Nine people were arrested in connection with a money laundering scheme involving employees at a Northwest Indiana fast food restaurant who stole customers' credit card information, which was used to fraudulently obtain funds and post bail for multiple inmates at the LaPorte County Jail, according to authorities.
Details >10/09/2023
Facial Recognition Debate Gathers Steam Despite Popularity Among Gen Z Consumers
PYMNTS
As the use of facial recognition software continues to expand around the world, concerns about privacy and human rights violations have reignited the debate surrounding this technology.
Details >10/09/2023
FBI: Crippling 'Dual Ransomware Attacks' on the Rise
Dark Reading
Once they compromise an victim with an initial ransomware attack, threat actors are ready to deploy a secondary attack with a different strain, which could leave even more damage.
Details >10/05/2023
Attorney General’s Office charges five with $9.5M in Medicaid fraud
MN Attorney General
August 29, 2023 (SAINT PAUL) — Minnesota Attorney General Keith Ellison announced today that his office has charged five people as part of a scheme to defraud the Minnesota Medical Assistance (Medicaid) program out of approximately $9.5 million.
Details >10/05/2023
Man indicted for blowing up ATM
United States Attorney's Office Northern District of Georgia
ATLANTA – Abdurrahim Jalal has been indicted for blowing up a bank automated teller machine and for possession of illegal explosive devices.
Details >10/05/2023
National Security Agency is Starting an Artificial Intelligence Security Center
Security Week
The NSA is starting an artificial intelligence security center — a crucial mission as AI capabilities are increasingly acquired, developed and integrated into U.S. defense and intelligence systems.
Details >10/05/2023
FBI: Crippling 'Dual Ransomware Attacks' on the Rise
Dark Reading
Once they compromise an victim with an initial ransomware attack, threat actors are ready to deploy a secondary attack with a different strain, which could leave even more damage.
Details >10/05/2023
82% of Small Insurance Firms Forgo Instant Payments
PYMNTS
The insurance industry is witnessing a surge in the adoption of real-time payments, with nearly 40% of all firms surveyed in a PYMNTS study planning to increase their use of instant payments, and 25% anticipating increases in the real-time payments they receive.
Details >10/04/2023
FBI: Crippling 'Dual Ransomware Attacks' on the Rise
Dark Reading
Once they compromise an victim with an initial ransomware attack, threat actors are ready to deploy a secondary attack with a different strain, which could leave even more damage.
Details >10/04/2023
New CFPB Rules Are Coming for Data Brokers
Faegre Drinker
The director of the Consumer Financial Protection Bureau (CFPB) recently announced that the agency will be developing new rules defining a data broker that sells certain types of consumer data as a “consumer reporting agency” under the Fair Credit Reporting Act (FCRA).
Details >10/03/2023
Data Doesn’t Deceive: Cyber Attacks and it’s Reality Check
Security Boulevard
Cyber Attacks are an ongoing indicator that the internet has two sides as we explore digital platforms. On every click and keystroke, there can be both a source of convenience and a potential cyber threat.
Details >10/02/2023
Don’t Let Zombie Zoom Links Drag You Down
Krebs on Security
Many organizations — including quite a few Fortune 500 firms — have exposed web links that allow anyone to initiate a Zoom video conference meeting as a valid employee.
Details >10/01/2023
FinTechs Prioritize Convenience, but Customers Want Faster Payments and More Choice
PYMNTS
Today’s economy relies heavily on digitally oriented consumers, which makes moving money swiftly a crucial demand for financial service providers, particularly emerging FinTech issuers aiming to attract customers away from traditional banks.
Details >09/30/2023
enton County Sheriff: Sauk Rapids Resident Target Of Attempted Scam
KNSI Radio
(KNSI) – The Benton County Sheriff’s Office warned on Facebook Friday about an attempted scam in the area recently.
Details >09/30/2023
A Closer Look at the Snatch Data Ransom Group
Krebs on Security
Earlier this week, KrebsOnSecurity revealed that the darknet website for the Snatch ransomware group was leaking data about its users and the crime gang’s internal operations.
Details >09/30/2023
Unraveling the Johnson Controls Ransomware attack: Dark Angels wants $51 million
Data Conomy
Johnson Controls ransomware attack is the topic of the day. Johnson Controls, a global industrial control systems leader, is battling the notorious Dark Angels hackers.
Details >09/27/2023
Nasty malware can steal login credentials for 400 banks
Kim Komando
Malware can be used for many nefarious things. The scariest way it’s used is to steal banking information. Now, hackers are going straight for the financial reward, sidestepping the usual methods for data extraction.
Details >09/27/2023
Can artificial intelligence be used to prevent fraud?
Nation World News
In the digital age in which we live, technology is advancing in leaps and bounds, and one of the fields that is experiencing exponential growth is artificial intelligence (AI).
Details >09/27/2023
Aware but unprepared: Canadians know fraud is on the rise, but don't know what to do if their data is compromised
RBC
TORONTO, Sept. 26, 2023 - With new scams becoming more frequent and sophisticated, a majority of Canadians (88 per cent) report they've experienced an increase in attempts at fraudulent activity, and seven out of 10 (73 per cent) say they were knowingly targeted, according to a new survey from RBC.
Details >09/27/2023
‘Snatch’ Ransom Group Exposes Visitor IP Addresses
Krebs On Security
The victim shaming site operated by the Snatch ransomware group is leaking data about its true online location and internal operations, as well as the Internet addresses of its visitors, KrebsOnSecurity has found.
Details >09/25/2023
Three US firms add over a million MOVEit victims
Cybernews
Sovos, Financial Institution Service Corporation (FISC), and Johnson Financial Group (JFG) said the MOVEit breach impacted the sensitive data of over one million individuals.
Details >09/25/2023
How An Amateur Rap Crew Stole Surveillance Tech That Tracks Almost Every American
Forbes
On a June day last year, a skinny, dreadlocked 29-year-old rapper known as Tony Da Boss lay in bed in a redbrick apartment on a tree-lined street in Charlotte, North Carolina.
Details >09/25/2023
Involved in a data breach? Here’s what you need to know
Malwarebytes Labs
If you've received a message from a company saying your data has been caught up in a breach, you might be unsure what to do next. We've put together some tips which should help you when the (more or less) inevitable happens.
Details >09/25/2023
Congressional committee passes bill to thwart CBDC
Payments Dive
The House Financial Services Committee last week passed a bill that would stop the Federal Reserve from working on a central bank digital currency, giving the full House a chance to consider the legislation.
Details >09/25/2023
Scammers impersonate bank employees to steal nearly $2M from Pennsylvania customers, officials say
WFMJ 21
A theft ring stole nearly $2 million from bank customers in central Pennsylvania in an elaborate scheme in which the scammers, posing as bank employees, tricked people into giving up their account information.
Details >09/25/2023
Faster Payments Means Faster, Better Fraud Fighting Tools
PYMNTS
According to Pradheep Sampath, CPO at Entersekt, the rise of instant payments demands a new approach to fighting fraud.
Details >09/25/2023
Law enforcement share tactics for catching bank robbers
WILX 10 Michigan
JACKSON, Mich. (WILX) - When a bank robber strikes, law enforcement said it’s ready to respond.
Details >09/25/2023
Two arrested in check theft syndicate
Fox 44 News TX
KILLEEN, TX (FOX 44) – UPDATE: An investigation into checks written to a Killeen area church, but which later turned out to be cashed by others after being altered, may have led to the discovery of a check theft syndicate operating in the area.
Details >09/25/2023
Former MN insurance broker charged with fraud for fake customer scheme
CBS News WCCO
MINNEAPOLIS -- A former Minnesota insurance broker was charged for fraud after an investigation by the Minnesota Commerce Fraud Bureau found he invented fake customers and Social Security numbers.
Details >09/25/2023
5 credit card scams to watch out for this holiday season
Fox59 and NerdWallet
(NerdWallet) – In the list of things you want to be doing around the holidays, fending off scam artists has to be at the bottom. And yet, the holidays can be a prime time for scammers hoping to take advantage of the busy season.
Details >09/25/2023
Fiserv: Instant Payments Need ‘Killer Use Case’ as FedNow Service Launches
PYMNTS
The FedNow® Service is rounding the corner into its second month of operation.
Details >09/25/2023
Understanding Malicious Package Attacks and Defense Strategies for Robust Cybersecurity
FORTRA
Malicious packages consist of software embedded with code that is capable of causing harm to an entire system or network. This is a rapidly growing threat affecting open-source software and the software supply chain.
Details >09/25/2023
10 Mistakes in Cybersecurity and How to Avoid Them
FORTRA
It's easy to rest on our laurels. Prevent a few breaches – or go long enough without one – and you start to feel invincible. While our efforts are certainly laudable, we can't get too comfortable.
Details >09/25/2023
2023 Cost of a Data Breach: Key Takeaways
FORTRA
It’s that time of year - IBM has released its “Cost of a Data Breach Report.” This year’s report is jam-packed with some new research and findings that highlight how organizations are implementing security and risk mitigation techniques to help identify and contain data breaches.
Details >09/25/2023
Thousands of dollars stolen from Texas ATMs using Raspberry Pi
FORTRA
A Texas court has heard how last month a gang of men used a Raspberry Pi device to steal thousands of dollars from ATMs.
Details >09/24/2023
Why the Digital Transformation Needs a Reset
PYMNTS
Warren Buffet is reported to have said that digital transformation is a fundamental reality of business today. McKinsey says that 70% of digital transformation projects fail. Both suggest the need to reset expectations about what digital transformation means and what success looks like in the inevitable transition to a more digitally-enabled global economy.
Details >09/22/2023
Two-Thirds of Manufacturers Plan More Real-Time Payments Features Within 12 Months
PYMNTS
The pivot toward real-time payments is sweeping what might be the most “smokestack” of the some-stack verticals within the economy.
Details >09/19/2023
Who’s Behind the 8Base Ransomware Website?
Krebs on Security
The victim shaming website operated by the cybercriminals behind 8Base — currently one of the more active ransomware groups — was until earlier today leaking quite a bit of information that the crime group probably did not intend to be made public.
Details >09/18/2023
MGM Resorts employee says paycheck is late amid cyber attack
Fox 5 Local Las Vegas
LAS VEGAS, Nev. (FOX5) - Alvin Evans III is training to join the security team at T-Mobile arena, which is co-owned by MGM Resorts International.
Details >09/18/2023
Consumers Want Banks to Make Paying Bills Easier
PYMNTS
The bill payment process can often be a source of frustration for consumers, with a significant share experiencing difficulties when attempting to pay their bills.
Details >09/18/2023
How to PayFac: What Software Platforms Need to Know
PYMNTS
The merchant acquiring model has undergone many changes since the introduction of the first general-purpose credit card in 1958. Back then, acquiring banks were responsible for finding merchants and signing them up to accept consumer payments using those cards.
Details >09/15/2023
Western Union Debuts ‘Concept Store’ For Jordan's Foreign Labor Force
PYMNTS
Western Union has launched a “concept store” in Jordan to support that country’s foreign-born workforce.
Details >09/15/2023
Five Men Charged with Using New York Diamond District Companies as Fronts to Illegally Move More Than $600 Million
United States Attorney's Office District of New Jersey
NEWARK, NJ. – Five men who work in New York City’s Diamond District were arrested today and charged with illegally processing more than $600 million through unlicensed money transmitting businesses, U.S. Attorney Philip R. Sellinger announced.
Details >09/15/2023
IRS Notice on Tax Scams
IRS
To protect taxpayers from scams, IRS orders immediate stop to new Employee Retention Credit processing amid surge of questionable claims; concerns from tax pros, aggressive marketing to ineligible applicants highlights unacceptable risk to businesses and the tax system
Details >09/14/2023
MGM Resorts Cyberattack Hobbles Las Vegas Strip Operations
Dark Reading
MGM Resorts is battling to recover its systems following a Sept. 10 cyberattack that left its hotel operations across the country in digital disarray. Experts suspect a ransomware attack is behind the outages.
Details >09/14/2023
FBI Hacker Dropped Stolen Airbus Data on 9/11
Krebs on Security
In December 2022, KrebsOnSecurity broke the news that a cybercriminal using the handle “USDoD” had infiltrated the FBI‘s vetted information sharing network InfraGard, and was selling the contact information for all 80,000 members.
Details >09/14/2023
Fraud Losses From Impersonator Scams Double For Largest US Banks
PYMNTS
Financial institutions (FIs) have generally found fraud and financial crime to be continually more sophisticated. The rise of digital banking and ever-faster digital payment methods have accelerated this phenomenon.
Details >09/13/2023
Adobe, Apple, Google & Microsoft Patch 0-Day Bugs
Krebs on Security
Microsoft today issued software updates to fix at least five dozen security holes in Windows and supported software, including patches for two zero-day vulnerabilities that are already being exploited. Also, Adobe, Google Chrome and Apple iOS users may have their own zero-day patching to do.
Details >09/13/2023
AARP Backs Bill to Protect Victims of Social Security Theft
AARP
If your Social Security number has been stolen or misused, the last thing you need is government red tape getting in the way as you resolve the issue. AARP backs federal legislation that aims to make dealing with identity theft easier.
Details >09/13/2023
State prepares for cyber attacks, A.I.
KARE 11
Legislative commission has oversight over efforts by state agencies to prepare for more sophisticated cyber attacks and artificial intelligence.
Details >09/13/2023
The launch of FedNow: Fast cash or fast fraud?
Biometric Update
What U.S. financial institutions and online marketplaces need to consider when weighing their participation in the new instant payment system
Details >09/13/2023
Stolen Auto Accounts: The $2 Price Tag on Your Car’s Identity
Security Boulevard
It costs about $1,000 to purchase a person’s identity on the dark web from stolen financial accounts. Why pay $1,000 when it’s only $2 to steal a car’s identity and still make a hefty profit?
Details >09/13/2023
What Is Account Hijacking?
CellularNews.com
Welcome to another installment of our “DEFINITIONS” series, where we shed light on various cybersecurity terms.
Details >09/13/2023
Report: Up to $135B stolen in unemployment fraud during pandemic
NewsNation
(NewsNation) — Fraudsters have stolen as much as $135 billion in federal unemployment aid during the COVID-19 pandemic, a new report by the Government Accountability Office found.
Details >09/13/2023
7 Passwords You Should Never Use at Your Small Business
Small Biz Ahead
Owning a small business means owning data. You’re constantly acquiring new information related to your customers, your financial details, and all the vendors and contractors with whom you work.
Details >09/12/2023
Real-Time Payments Pave Way for Further Adoption of Platform-as-a-Service Models
PYMNTS
Steve Cook, chief technology officer at Form3, said in an interview with PYMNTS that the Platform-as-a-Service model is seeing a tailwind from the rise of instant payments.
Details >09/12/2023
Four Men Convicted of $18M Global Investment Fraud Scheme
Office of Public Affairs U.S. Department of Justice
A federal jury in the Western District of Arkansas convicted four men yesterday for their lead roles in an investment fraud and money laundering conspiracy that cheated victims out of more than $18 million.
Details >09/11/2023
US CFTC official pushes for national financial fraud database
WTVB
NEW YORK (Reuters) – A top U.S. regulator on Monday proposed the creation of a federal registry to make it easier for investors and law enforcement to dig up information on past financial fraud convictions and civil fines.
Details >09/11/2023
Family forced to drive to bank at gunpoint during CT robbery
Hartford Courant
Police are investigating after a family was forced at gunpoint to drive to a bank and withdraw money during a robbery in Danbury on Sunday evening, police said.
Details >09/11/2023
USPS Postal Inspector Reveals How to Prevent Identity Theft
Best Life
We trust the U.S. Postal Service (USPS) with a lot of important things, including letters to loved ones and sensitive financial information.
Details >09/11/2023
Ten telltale signs that someone has stolen your identity
WFIN
How would you feel if someone else pretended to be you online? That’s essentially what identity theft is, and it can happen to any of us.
Details >09/10/2023
Panel: Real-Time Ubiquity and Connectivity Turn Payments Into ‘Satisfaction Tools’
PYMNTS
Real-time payments schemes are proliferating around the globe.
Details >09/10/2023
Italy and Spain Lead European Demand for All-in-One App
PYMNTS
Consumers’ appetites for an all-in-one app are growing, with nearly 4 in 10 European consumers craving a single app to manage their everyday digital activities. PYMNTS’ latest research shows this trend is particularly popular among consumers in Italy and Spain.
Details >09/09/2023
Social Security check scam costs Queens man $25K Nina Pineda Image ByNina Pineda WABC logo Thursday, September 7, 2023 5:57PM
ABC 7
EAST ELMHURST, Queens (WABC) -- Check fraud is back in a big way and getting more sophisticated. The number of fraud cases has nearly doubled year to year, up to nearly 700 annually.
Details >09/07/2023
FBI Identifies Lazarus Group Cyber Actors as Responsible for Theft of $41 Million from Stake.com
FBI
The FBI is issuing this release to warn the public regarding the theft of approximately $41 million in virtual currency from Stake.com, an online casino and betting platform.
Details >09/06/2023
ThetaRay Raises $57 Million for AI-Driven Financial Crime Detection
PYMNTS
Payments firm ThetaRay has raised $57 million to boost its financial crime detection capabilities.
Details >09/06/2023
Experts Fear Crooks are Cracking Keys Stolen in LastPass Breach
Krebs On Security
In November 2022, the password manager service LastPass disclosed a breach in which hackers stole password vaults containing both encrypted and plaintext data for more than 25 million users.
Details >09/06/2023
Death by Paper Cut: The Hidden Costs of Checks
PYMNTS
The way things have always been done could be harming firms in the long run.
Details >09/06/2023
Airlines on Payments Autopilot: How Automation Streamlines the Travel Refund Process
PYMNTS
Air travel is complex. And that complexity trickles down to nearly every customer and airline touchpoint — particularly airline refunds, a process that has become a pressing issue for travelers and airlines.
Details >09/05/2023
Help spot scammers after Hurricane Idalia
FTC
Figuring out the full extent of Hurricane Idalia’s damage could take weeks or even months. But we already know that scammers will follow the path of the storm and try to take advantage of people doing their best to recover. While storms are unpredictable, there are ways to spot the tactics these scammers use — even if they change some of the details — so, read on.
Details >09/05/2023
The Gig Economy: 6 Attack Scenarios to Remember
Security Boulevard
While the primary goal of gig economy platforms is to facilitate connections between users and service providers, threat actors can exploit the platform’s messaging features to conduct SMS toll fraud and plenty of other attacks.
Details >09/05/2023
Companies Want Digital Flexibility but Fort Knox Security, Hazeltree CFO Says
PYMNTS
In the fast-paced world of digital finance, security is a pressing concern.
Details >09/05/2023
Minneapolis Public Schools sending cyber attack notification letters
Fox 9 KMSP
MINNEAPOLIS (FOX 9) - Following a cyber attack and ransom that the district says has affected over 100,000 people, Minneapolis Public Schools (MPS) says it is in the process of notifying individuals of their exposed personal information.
Details >09/05/2023
10 things you should never save on your phone if you want to protect your privacy and security
Ruetir
If you have the habit of saving photos, videos, documents and personal information on your mobile, it is important that you reconsider. Storing this type of information may increase the risk of becoming a victim of fraud or identity theft.
Details >09/05/2023
Beware of 'bank jugging,' California authorities warn: What to know
Fox 11 LA
FONTANA, Calif. - Authorities are warning the public of a rise in "bank jugging" incidents reported across the U.S., including right here in Southern California.
Details >09/05/2023
VIDEO: Bank robber holds up note demanding money at Tampa bank, suspect sought
News Channel 8
TAMPA, Fla. (WFLA) — Tampa Police are searching for a suspect responsible for robbing a Chase Bank located at 2001 North Dale Mabry Highway around 1:48 p.m. Saturday afternoon.
Details >09/05/2023
Consumers Consider Passwordless Logins Key to Overcoming All-in-One App Security Concerns
PYMNTS
Given the proliferation of various apps, many consumers in the United States are eager for a more convenient way to manage their banking and shopping needs all within a single platform.
Details >09/01/2023
Why is US Being Used to Phish So Many of Us?
Krebs on Security
Domain names ending in “.US” — the top-level domain for the United States — are among the most prevalent in phishing scams, new research shows.
Details >08/31/2023
Scammers impersonate bank employees to steal nearly $2M from Pennsylvania customers, officials say
CBS News
A theft ring stole nearly $2 million from bank customers in central Pennsylvania in an elaborate scheme in which the scammers, posing as bank employees, tricked people into giving up their account information, the attorney general's office said Friday.
Details >08/30/2023
Why is check fraud suddenly rampant?
Boston Fed
The check is fading away as a consumer payment method – the number of checks collected by the Federal Reserve annually has plummeted 82% over the last 30 years. So why is check fraud suddenly rampant?
Details >08/30/2023
US Crypto Clampdown Continues as SEC Wins NFT Enforcement
PYMNTS
The year 2023 will forever be remembered as the year the U.S. Securities and Exchange Commission (SEC) went to war with crypto.
Details >08/30/2023
Report: OpenAI Approaches $1 Billion in Yearly Revenue
PYMNTS
OpenAI is reportedly on the road to reaching $1 billion in yearly revenue.
Details >08/30/2023
Companies Want Digital Flexibility but Fort Knox Security, Hazeltree CFO Says
PYMNTS
In the fast-paced world of digital finance, security is a pressing concern.
Details >08/29/2023
Kroll Employee SIM-Swapped for Crypto Investor Data
Krebs on Security
Security consulting giant Kroll disclosed today that a SIM-swapping attack against one of its employees led to the theft of user information for multiple cryptocurrency platforms that are relying on Kroll services in their ongoing bankruptcy proceedings.
Details >08/29/2023
U.S. Hacks QakBot, Quietly Removes Botnet Infections
Krebs on Security
The U.S. government today announced a coordinated crackdown against QakBot, a complex malware family used by multiple cybercrime groups to lay the groundwork for ransomware infections.
Details >08/28/2023
How AI is fueling the fraud surge: Sift report
Fintech Nexus
Sift’s latest Digital Trust and Safety Index describes how artificial intelligence (AI) is fuelling a fraud surge that will challenge retailers and financial institutions. It’s behind a more-than-fourfold increase in the account hacking attempt rate in the first quarter of 2023 compared to all of 2022.
Details >08/28/2023
How PayPal is using AI to combat fraud, and make it easier to pay
ABC News
Artificial intelligence has been the buzzword of 2023 ever since ChatGPT made its public debut earlier this year, with businesses, schools, universities and even non-profits looking for ways to integrate AI in their operations
Details >08/28/2023
IRS lost millions of taxpayer records that could be used for identity theft
The Neighbor
(The Center Square) – The Internal Revenue Service lost millions of taxpayer records and federal employees don’t know where they have gone.
Details >08/28/2023
SYNTHETIC FRAUD EXPECTED TO RISE SIGNIFICANTLY IN 2023-24: CAUSES AND CONCERNS
Finance Feds
The digital age has brought immense convenience. With a few taps on our phones, we can purchase goods, transfer money, and access services. But where there are transactions, there are also those looking to game the system. As a result, digital fraud has exploded as more of our financial lives move online.
Details >08/28/2023
All Montana property tax rebates will be sent by paper check
Tri-State Livestock News
HELENA – Starting August 24, all Montana property tax rebates will be sent by paper check in the mail.
Details >08/28/2023
30% of Consumers Swap Instant for Slower Payments to Avoid Fees
PYMNTS
Buoyed by growing consumer preference for faster payments, instant disbursements have gained popularity in recent years. The recent launch of the FedNow instant payments system has further underscoring that demand.
Details >08/28/2023
Kroll Suffers Data Breach: Employee Falls Victim to SIM Swapping Attack
The Hacker News
Risk and financial advisory solutions provider Kroll on Friday disclosed that one of its employees fell victim to a "highly sophisticated" SIM swapping attack.
Details >08/28/2023
Montana warns of scams targeting property tax rebates
Bozeman Daily Chronicle
The state is warning people that scammers are seeking to capitalize on the property tax rebate application process and said it will now issue all rebates by a paper check sent through the mail to combat fraud.
Details >08/25/2023
Great Falls postal worker pleads guilty to stealing mail, wire fraud
Great Falls Tribune
A Great Falls postal service driver pleaded guilty last week to federal charges of possessing stolen mail and wire fraud after depositing checks she overwrote with her name.
Details >08/25/2023
Consumers Want FIs to Deliver Real-Time Financial Data
PYMNTS
Serena Smith, chief client officer at i2c, told PYMNTS in a recent interview that although digital innovations in banking have come a long way in just a few short years, “There’s still a long way to go.”
Details >08/25/2023
Companies and Regulators Scramble to Counter the Threat of AI Deception
PYMNTS
How do we decide whether a human, artificial intelligence (AI) or a combination of the two created a piece of text? Some studies find that more than half of individuals cannot accurately identify content made by AI chatbots such as ChatGPT.
Details >08/24/2023
MN STATE FAIR: Senior Fraud Prevention Program
State of MN
Are you going to the MN State Fair on Senior Day?
Details >08/23/2023
FinCEN Notice Highlights Concerning Increase in Payroll Tax Evasion, Workers’ Compensation Fraud in the Construction Sector
FinCEN
WASHINGTON— Today, the Financial Crimes Enforcement Network (FinCEN), in coordination with IRS Criminal Investigation (CI), issued a Notice to financial institutions calling attention to a concerning increase in state and federal payroll tax evasion and workers’ compensation insurance fraud in the U.S. residential and commercial real estate construction industries.
Details >08/23/2023
Cyber Attacks on Financial Institutions | Why Banks Are Caught in the Crosshairs
SentinelOne
In recent years, there has been a significant uptick in the frequency and sophistication of attacks on the financial and banking industry.
Details >08/23/2023
Common Jobs Scams and How to Avoid Them
Money
The Better Business Bureau reported recently that it’s seen employment scams “skyrocket,” with a growing number of victims losing money and sometimes facing legal issues as a result of the increasingly common fraud scheme.
Details >08/23/2023
The Modern Fraud Dilemma: It’s Good AI Against Bad AI
PYMNTS
Generative artificial intelligence (AI) is making everything easier, including scams.
Details >08/23/2023
FedNow Is Live but Banks Face Integration Decisions
PYMNTS
For banks eyeing what they must do to get on board the FedNow Service to meet customers’ expectations for faster payments and integrate with the first new payments rails in the United States in four decades — the challenges are numerous.
Details >08/23/2023
FBI Identifies Cryptocurrency Funds Stolen by DPRK
FBI
The FBI is warning cryptocurrency companies of recent blockchain activity connected to the theft of hundreds of millions of dollars in cryptocurrency.
Details >08/22/2023
Tourists Give Themselves Away by Looking Up. So Do Most Network Intruders.
Krebs on Security
In large metropolitan areas, tourists are often easy to spot because they’re far more inclined than locals to gaze upward at the surrounding skyscrapers.
Details >08/22/2023
PADUCAH — The McCracken County Sheriff’s Office wants to warn the public of a scam claiming you’ve won the lottery.
WPSD Local 6
PADUCAH — The McCracken County Sheriff’s Office wants to warn the public of a scam claiming you’ve won the lottery.
Details >08/22/2023
Christopher Grannis threatened to shoot officers, K9 during bank robbery, police say
Mass Live
Police were able to successfully arrest a 35-year-old Worcester bank robber after he threatened to shoot officers and a K9 on Friday, Aug. 18, the Worcester Police Department reported.
Details >08/22/2023
Feds warn banks to look out for construction fraud
Construction Dive
A notice to financial institutions highlighted how bad actors use shell companies to commit workers’ compensation and payroll fraud.
Details >08/22/2023
Nearly 60% of Consumers View Mobile Phones and Laptops as Equally Secure for Payments
PYMNTS
Despite the growing perception that smartphones provide more security online, most banking consumers said they think smartphones and computers are equally secure for several select online financial activities.
Details >08/21/2023
If you paid a scammer with a gift card, is your money gone? Maybe not
FTC
Did someone tell you to buy a gift card and give them the numbers? That’s a scam.
Details >08/20/2023
South Dakota man accused of trying to cash forged checks in SE Minnesota
KIMT
ROCHESTER, Minn. – A man accused of passing forged checks in two SE Minnesota counties is now set to stand trial in one of them.
Details >08/20/2023
Consumers Like Biometrics More Than Passwords
PYMNTS
Consumers may be stuck using the outmoded authentication system, but most prefer more sophisticated methods.
Details >08/20/2023
Americans Think Stashing Their Money at Home Is Safer Than Most Bank Accounts, Survey Finds
Yahoo Finance
According to a recent survey by GOBankingRates, nearly 25% of Americans think their money is safer at home than most other places. And that’s understandable.
Details >08/20/2023
Scammers targeting older Black women who were in sororities, police say
The Washington Post
An older woman was sitting in her van at a Home Depot parking lot when a man and a woman approached, according to court records. They told her they found a pocketbook full of cash and would split it with her — but first they needed to verify that the money was “legit.”
Details >08/20/2023
Scammers targeting older Black women who were in sororities, police say
The Washington Post
An older woman was sitting in her van at a Home Depot parking lot when a man and a woman approached, according to court records. They told her they found a pocketbook full of cash and would split it with her — but first they needed to verify that the money was “legit.”
Details >08/18/2023
Did you get a letter from a “lawyer” about cashing in on someone else’s life insurance policy?
FTC
You can’t cash in on a stranger’s life insurance policy — even if a lawyer says you can.
Details >08/18/2023
LinkedIn under attack, malicious hackers seize accounts
FORTRA
Security researchers have identified that a widespread LinkedIn malicious hacking campaign has seen many users locked out of their accounts worldwide.
Details >08/18/2023
Karma Catches Up to Global Phishing Service 16Shop
Krebs on Security
You’ve probably never heard of “16Shop,” but there’s a good chance someone using it has tried to phish you.
Details >08/18/2023
Missouri System Hit by MOVEIt Cyber Attack
Inside Higher Ed
The University of Missouri System is the latest institution battered in the MOVEit cybersecurity breach sweeping the nation.
Details >08/18/2023
Great Falls woman admits possessing stolen mail, wire fraud crimes
US Attorney's Office District of Montana
GREAT FALLS — A Great Falls woman who transported mail admitted today to possessing stolen mail and wire fraud charges after depositing checks she had overwritten with her name, U.S. Attorney Jesse Laslovich said.
Details >08/18/2023
FBI searching for 3 men who robbed armored car at gunpoint in Lansing
ABC 7 Chicago
LANSING, Ill. (WLS) -- The FBI is searching for three suspects behind an armored vehicle robbery in the south suburbs Wednesday.
Details >08/18/2023
BANK ACCIDENTALLY LETS PEOPLE WITHDRAW MONEY FROM ATMS EVEN IF THEY DON’T HAVE ANY
The BYTE - Futurism
For a wild few hours on Tuesday evening, a bizarre Bank of Ireland glitch allowed customers to withdraw up to 1,000 euros, or roughly $1,090 in US dollars, from their bank accounts, The New York Times reports — even if their accounts didn't have that much cash to begin with — without their account balances changing.
Details >08/17/2023
Massive LinkedIn hack reported
SC Media
BleepingComputer reports that LinkedIn has been subjected to a widespread hacking campaign, with several users reporting account hijacking and lockouts while Google search volumes concerning the LinkedIn account hacks or recovery rose by 5,000% during the last few months.
Details >08/17/2023
Minn. woman defrauds 25 victims, 26 banks of $460K in 7 Midwest states
Duluth News Tribune
Federal prosecutors say the woman used fake military IDs and fraudulent passports to obtain loans and lines of credit at credit unions in the Dakotas, Minnesota and five other states.
Details >08/17/2023
Cross-Border Payment Solutions Give Big Lift to Small Business Growth Plans
PYMNTS
Small- to medium-sized enterprises (SMEs) help economies across the world go ’round.
Details >08/17/2023
More Than 500 Scam Tokens Detected on Coinbase's Base Blockchain
PYMNTS
More than 500 scam tokens have reportedly been deployed by developers on Base, the new blockchain launched by crypto exchange Coinbase.
Details >08/16/2023
UBS to Pay $1.4 Billion to Settle Financial-Crisis Fraud Case
The New York Times
The settlement closes the chapter on the last investigation by a Justice Department task force on the role financial firms played in the collapse of the housing market in 2008.
Details >08/16/2023
Juniper Payments: FedNow Can Spur Credit Unions to ‘Reimagine’ Financial Services
PYMNTS
Only a few weeks after launching in July, the FedNow Service promises to help transform payments, commerce and banking.
Details >08/16/2023
Banks fined $549 million for hiding messages in iMessage and Signal
The Verge
Several US financial firms, including multiple Wells Fargo companies, will pay a combined $549 million in fines after admitting they couldn’t produce discussions about company business from smartphone messaging apps used by their employees, “including those at senior levels.”
Details >08/15/2023
Diligere, Equity-Invest Are New Firms of U.K. Con Man
Krebs on Security
John Clifton Davies, a convicted fraudster estimated to have bilked dozens of technology startups out of more than $30 million through phony investment schemes, has a brand new pair of scam companies that are busy dashing startup dreams: A fake investment firm called Equity-Invest[.]ch, and Diligere[.]co.uk, a scam due diligence company that Equity-Invest insists all investment partners use.
Details >08/15/2023
Connecticut school district lost more than $6 million in cyber attack, so far gotten about half back
New Britian Herald
NEW HAVEN — The city of New Haven lost more than $6 million in multiple cyberattacks on its public school district earlier this summer and has so far managed to recoup about half of the money, officials announced Thursday.
Details >08/14/2023
Do you use payment apps like Venmo, CashApp, or Zelle? Read this
FTC
Ever send money through an app like Venmo, CashApp, or Zelle? They make it easy to send money fast to friends or family. But what happens when it’s a scammer on the other end?
Details >08/14/2023
Consumers Like Biometrics More Than Passwords
PYMNTS
Consumers may be stuck using the outmoded authentication system, but most prefer more sophisticated methods.
Details >08/13/2023
Cyber Attacks Becoming More Sophisticated with the Help of AI
Fagen Wasanni Technologies
Cyber attacks are on the rise and becoming increasingly sophisticated worldwide. Hackers are now utilizing artificial intelligence (AI) to manipulate computer systems for malicious purposes. Johann Rehberger, a security researcher, recently demonstrated how he was able to exploit OpenAI’s chatbot, ChatGPT, to carry out nefarious activities.
Details >08/10/2023
Did You Just Try to Login? Why Account Takeover Is Still on the Rise
Security Boulevard
Walking through the exhibit hall this week at Black Hat USA 2023, the number of solutions for “Next Generation Threats” and “AI-Powered Adversaries” might reasonably lead you to believe that this is where a majority of cyber risk lies.
Details >08/10/2023
FBI warns students of fake jobs on college employment websites
WSAV.com
ATLANTA (WSAV) — The FBI is warning students of a scam with fake job offers on college employment websites and college email accounts recruiting for positions that don’t exist.
Details >08/10/2023
Old-fashioned check fraud is back, this time with violent attacks on mail carriers
Bobsullivan.net
Everything old is new again. There was a time when my parents taught me to be extremely careful with personal checks — never to leave open space in the amount fields, lest someone add a zero, for example.
Details >08/09/2023
Scammers impersonate well-known companies, recruit for fake jobs on LinkedIn and other job platforms
FTC
Scammers are lurking on LinkedIn and other job sites, posing as “recruiters” for well-known companies. But instead of looking to hire you, they’re really looking to take your money and personal information.
Details >08/09/2023
Meet the Brains Behind the Malware-Friendly AI Chat Service ‘WormGPT’
Krebs On Security
WormGPT, a private new chatbot service advertised as a way to use Artificial Intelligence (AI) to write malicious software without all the pesky prohibitions on such activity enforced by the likes of ChatGPT and Google Bard, has started adding restrictions of its own on how the service can be used.
Details >08/09/2023
Attempted bank robbery, Milwaukee police seek man
Fox 6 Milwaukee
MILWAUKEE - Milwaukee police are looking for a man suspected of trying to rob a bank on the city's south side last month.
Details >08/09/2023
Microsoft Patch Tuesday, August 2023 Edition
Krebs On Security
Microsoft Corp. today issued software updates to plug more than 70 security holes in its Windows operating systems and related products, including multiple zero-day vulnerabilities currently being exploited in the wild.
Details >08/08/2023
Ransomware victim numbers surge as attackers target zero-day vulnerabilities
CSO Online
Ransomware groups are also prioritizing the exfiltration of files, which has become the primary source of extortion.
Details >08/07/2023
Heartland Tri-State Bank Closed Just "Because of a Scam"
The Deep Dive
Kansas State Bank Commissioner, David Herndon, expressed apparent relief as he disclosed the closure of Heartland Tri-State Bank due to a scam they fell victim to.
Details >08/07/2023
Russian Hacktivists Overwhelm Spanish Sites With DDoS
Infosecurity Magazine
A leading Spanish research institute has become the latest organization in the country to come under cyber-attack from Russia, after a weeks-long DDoS campaign that appears to be geopolitically motivated.
Details >08/07/2023
Thieves fail to steal ATM with forklift in California: VIDEO
ABC 7 News
NORTH HIGHLANDS, Calif. -- Would-be thieves in California drove away empty-handed after an embarrassing fail.
Details >08/07/2023
Milwaukee bank robbery, 56th and Capitol, 2 men charged
Fox 6 Milwaukee
MILWAUKEE - Two Milwaukee men have been criminally charged in connection to a bank robbery that occurred Monday, July 31 at the US Bank near 56th and Capitol.
Details >08/07/2023
Man gets 22 years for bank robberies in three states
WSPA
CHARLOTTE, N.C. (WSPA) – A Georgia man was sentenced on Monday to 22 years in prison for a string of armed robberies he committed in North Carolina, Tennessee and Georgia.
Details >08/06/2023
Understanding the Security Features of Wearable Payment Devices
Fagen Wasanni Technologies
Understanding the security features of wearable payment devices is crucial in today’s digital age. As technology continues to evolve, so does the way we conduct transactions.
Details >08/06/2023
Healthcare facilities see uptick in cyber-attacks
ABC KSTP-TV
Hospitals are now fighting more than disease.
Details >08/06/2023
Suspected bank robber worked as a bank security guard and served 42 years in prison for murder
9 News
Investigators arrested Flozell Beasley, 70, for robbing four banks and a taco shop. Records show Beasley was paroled from prison for murder in 2018.
Details >08/04/2023
Armour bookkeeper charged with grand theft, forgery for alleged check fraud in excess of $100,000
Mitchell Republic
ARMOUR, S.D. — A state investigation alleges that a former bookkeeper at Bob’s Farm Service wrote counterfeit checks to herself that far exceeded her salary, totaling more than $100,000 in losses.
Details >08/04/2023
More Than $1.7 Million Stolen From ATMs at Alabama Credit Unions
CU Times
Alabama federal prosecutors alleged six persons conspired to use ATM skimming devices and covert video cameras to steal funds from members of the $1.3 billion Listerhill Credit Union in Muscle Shoals and the $1.3 billion Avadian Credit Union in Hoover.
Details >08/04/2023
California Target implements controversial 'chaperone policy' for teens after 4 p.m.
Fox 11 News
BAKERSFIELD, Calif. (KBAK/KBFX) — A new store policy at a Target in California is not sitting well with parents.
Details >08/04/2023
Why Regulating AI Is Like Regulating Air or Water, Says UPenn Professor
PYMNTS
Those nations shepherding to market modern technical innovations have so far prioritized innovation over regulation.
Details >08/04/2023
Teach a Man to Phish and He’s Set for Life
Krebs on Security
One frustrating aspect of email phishing is the frequency with which scammers fall back on tried-and-true methods that really have no business working these days. Like attaching a phishing email to a traditional, clean email message, or leveraging link redirects on LinkedIn, or abusing an encoding method that makes it easy to disguise booby-trapped Microsoft Windows files as relatively harmless documents.
Details >08/03/2023
Scam Warning – Phone Calls Re: Fraudulent Bank Charges
Larchmont Buzz
Every now and then we like to pass along a warning about a scam we’ve run across recently – especially those that are particularly convincing or easy to fall for. And yesterday I personally experienced a good one.
Details >08/03/2023
Reward offered for ‘Bundled Bandits' bank robbery crew
FBI
The FBI has offered a reward in connection to a series of bank robberies undertaken by a group of suspects that have become known as the “Bundled Bandits.”
Details >08/03/2023
How Malicious Android Apps Slip Into Disguise
Krebs on Security
Researchers say mobile malware purveyors have been abusing a bug in the Google Android platform that lets them sneak malicious code into mobile apps and evade security scanning tools. Google says it has updated its app malware detection mechanisms in response to the new research.
Details >08/03/2023
Payments Tech Helps Online Sellers Go Global, Play Like Locals
PYMNTS
The digital, connected economy knows no borders.
Details >08/03/2023
To Expand Credit Access to Small Businesses, Banks Must Tap Alternative Data
PYMNTS
Chris Hendrickson, senior vice president of small business strategy at Comerica, and Scott Steinberg, chief product officer and chief operating officer of Enigma, said a multidimensional underwriting process is needed to give a critical lifeline to companies seeking to navigate an uncertain macro environment — and to grow.
Details >08/02/2023
Rising threat: Ransomware targeting schools becoming a serious problem
Kim Komado
You’re target No. 1 for hackers. Get this: 80% of schools suffered ransomware attacks last year. That number is only growing.
Details >08/02/2023
Danville woman sentenced for identity theft, robbery
WCIA
DANVILLE, Ill. (WCIA) — A woman from Danville has been sentenced to 12 years in prison after she recently pleaded guilty to robbery and identity theft charges.
Details >08/02/2023
FBI offers $20K reward for information about 'bundled bandits' targeting BMO Harris banks
ABC 7 Eyewitness News
CHICAGO (WLS) -- The FBI is searching for two suspected bank robbers who investigators are calling the "bundled bandits."
Details >08/02/2023
Social Media Security Awareness: What you Should Know
FORTRA
The latest Verizon Data Breach Investigations report indicates that over 70% of data breaches involved the human element.
Details >08/02/2023
Real-Time Payments Taking Hold From South Africa to Sweden
PYMNTS
The real-time payments landscape is constantly changing. Growth in adoption and transaction volume has been measured across the continents. With the U.S. Federal Reserve’s launch of FedNow, this change seems likely to be a constant.
Details >08/01/2023
Milwaukee bank robbery near 56th and Capitol, 2 men in custody
Fox 6 Now
MILWAUKEE - Milwaukee police arrested two men who robbed a bank near 56th and Capitol on Monday, July 31.
Details >08/01/2023
With Check Fraud on the Rise, Financial Institutions Must Implement More Effective Solutions
Payments Journal
With the rise of digital banking and online payments, the use of checks has undergone a massive shift. In 2021, the Federal Reserve processed 14.5 million checks per day, a dramatic drop from the daily 26.7 million daily it processed 10 years earlier.
Details >08/01/2023
Case against suspected bank robber thrown out
Fox 11 News
GREEN BAY (WLUK) -- A court commissioner threw out a case against a bank robbery suspect Monday.
Details >08/01/2023
Operation Cross Country XIII Leads to Identification/Location of Adolescent Victims
FBI
The FBI, working with its state and local partners, identified and located 200 victims of sex trafficking during a nationwide enforcement campaign, called "Operation Cross Country." The operation also led to identification or arrest of 126 suspects of child sexual exploitation and human trafficking offenses and 68 suspects of trafficking were identified or arrested.
Details >08/01/2023
Real-Time Payments Taking Hold From South Africa to Sweden
PYMNTS
The real-time payments landscape is constantly changing. Growth in adoption and transaction volume has been measured across the continents. With the U.S. Federal Reserve’s launch of FedNow, this change seems likely to be a constant.
Details >07/31/2023
IRS, Security Summit partners warn taxpayers of new scam; unusual delivery service mailing tries to trick people into sending photos, bank account information
IRS
WASHINGTON ― The Internal Revenue Service warned taxpayers today to be on the lookout for a new scam mailing that tries to mislead people into believing they are owed a refund.
Details >07/31/2023
FTC chair says AI could "turbocharge" fraud, be used to "squash competition"
Yahoo News
Federal Trade Commission Chair Lina Khan is leading the Biden administration's charge against massive tech companies allegedly looking to gobble up the competition.
Details >07/30/2023
University of Hawaii makes payout to cyber criminals
KHON 2
HONOLULU (KHON2) — The University of Hawaii negotiated with cyber criminals for the first time to resolve a ransomware attack on Hawaii Community College.
Details >07/30/2023
Bank robbery suspect foiled after falling from roof into recycling bin
Yahoo News
An Ohio man was caught on bodycam footage trying to rob a bank, police said.
Details >07/27/2023
Americans think fraud has reached crisis level, report finds
WYMT
Often, fraudsters will use the psychological trick of inciting fear, panic, or joy to lower victims’ guards
Details >07/27/2023
Mastercard's Cease-and-Desist Letters Halt Cannabis Debit Card Transactions
PYMNTS
Mastercard has told payment processors and banks to stop allowing marijuana transactions on its debit cards.
Details >07/27/2023
The Ripple Effect: What Proposed US Crypto Legislation Looks Like
PYMNTS
The U.S. crypto crackdown started at the top, but the sector’s fractures were bottom-up.
Details >07/25/2023
Legislation preventing data broker sales to government agencies moves forward
Cyberscoop
The House Judiciary Committee on Wednesday advanced legislation closing loopholes that allow data brokers to sell consumer data to law enforcement and federal agencies.
Details >07/25/2023
Notorious Russian cyber criminals hack Australian accounting firm PwC
news.com.au
Accounting firm PwC has been under siege the past few weeks over a tax scandal and it’s just been dealt another blow as Russian hackers have obtained sensitive data.
Details >07/25/2023
How One Banker Sees the FedNow and RTP® Faster Payments Landscape Evolving
PYMNTS
The flagship real-time payment system in the U.S., The Clearing House’s RTP® network, reaches 65% of all demand deposit accounts in the country, according to The Clearing House, and any depository institution can connect to the RTP network through more than 20 technology providers.
Details >07/25/2023
Who and What is Behind the Malware Proxy Service SocksEscort?
Krebs On Security
Researchers this month uncovered a two-year-old Linux-based remote access trojan dubbed AVrecon that enslaves Internet routers into botnet that bilks online advertisers and performs password-spraying attacks.
Details >07/23/2023
Few Fortune 100 Firms List Security Pros in Their Executive Ranks
Krebs On Security
Many things have changed since 2018, such as the names of the companies in the Fortune 100 list. But one aspect of that vaunted list that hasn’t shifted much since is that very few of these companies list any security professionals within their top executive ranks.
Details >07/23/2023
FedNow’s Future and What the Triple Clock Theory Says About It
PYMNTS
Four days from today, the Federal Reserve’s instant account-to-account payments rail will go live. FedNow’s launch on July 20 will bring the number of real-time rails in the U.S. to two. The first real-time rail to go live was RTP®, operated by The Clearing House, in 2017.
Details >07/23/2023
WHAT ARE COMMAND AND CONTROL (C&C) ATTACKS?
Crowdstrike
C&C (also known as C2) is a method that cybercriminals use to communicate with compromised devices within a target company’s network.
Details >07/23/2023
Johns Hopkins sued over May cybersecurity attack
Baltimore ABC 2
BALTIMORE — Johns Hopkins University and Health System is being sued over a cybersecurity attack in May that affected their networks.
Details >07/23/2023
Bank robber still on the loose after stealing cash from Chase branch in Titusville
Florida Today
TITUSVILLE — A man robbed a Chase Bank branch Friday afternoon in Titusville and was still at large Sunday morning, police said.
Details >07/21/2023
Meta’s Threads app used as a lure
Help Net Security
It was to be expected: As the buzz around Meta’s new microblogging platform Threads gained momentum, some individuals have stepped in to take advantage of the fact that the app still can’t formally serve users in the European Union (or China, or Russia).
Details >07/21/2023
Ransomware Crypto Payments Poised to Set New Record in 2023
Bank Info Security
Cryptocurrency is the lifeblood of ransomware gangs, and their illicit use of crypto could hit record numbers this year. While overall crypto proceeds, including from crimes such as scams, fell dramatically over the past year, ransomware funds are expected to hit $899 million in 2023.
Details >07/21/2023
What bankers need to know about FedNow
American Banker
The launch of FedNow, the Federal Reserve's instant-settlement system, raises many questions for banks, card networks and fintechs.
Details >07/20/2023
Is it a legitimate investment opportunity or a scam?
FTC
When you hear about a can’t-miss investment opportunity your first reaction might be to jump right in. Don’t. But how do you tell the difference between a legitimate investment — and a scam?
Details >07/20/2023
Joining forces to help stop scam calls
FTC
Nobody likes getting bombarded with robocalls. Not only are they annoying, but they’re often pushing scams for things like fake auto warranties and credit card debt relief programs. The FTC and law enforcement agencies from all 50 states are taking action to stop them. And you can help, too.
Details >07/20/2023
Payments Execs Debate the FedNow Launch: Instant Uptake or Tough Slog Ahead?
PYMNTS
And now comes the real test.
Details >07/19/2023
Attention shoppers: Credit card skimmers found at Walmart checkout lines in Northeast
WCVB 5 Boston
BOSTON — Law enforcement officials are warning shoppers to pay close attention to the payment terminal the next time they are in a checkout line.
Details >07/19/2023
ERO Boston removes fugitive wanted for passport fraud, theft in Ireland
U.S. Immigration and Customs Enforcement
BOSTON — Enforcement and Removal Operations (ERO) Boston removed an unlawfully present Irish citizen identified as a member of a transnational criminal organization who is wanted for passport fraud, theft and multiple motor vehicle offenses in the Republic of Ireland on July 13.
Details >07/19/2023
AI Tool WormGPT Enables Convincing Fake Emails For BEC Attacks
Infosecurity Magazine
A generative AI tool, WormGPT, has emerged as a powerful weapon in the hands of cyber-criminals, specifically for launching business email compromise (BEC) attacks, according to new findings shared by security firm SlashNext.
Details >07/19/2023
Microsoft: US Government Email Accounts Compromised by Chinese Hackers via Stolen Login Key
CPO Magazine
The United States and Microsoft are implicating China’s state-backed hacking teams in penetrating US government email accounts, in a campaign that reportedly began in mid-May.
Details >07/19/2023
New Footage, details released in Chicago bank robbery that was "similar to a movie"
Fox 32 Chicago
CHICAGO - A pair of blue shoes could be the clues to help solve a Chicago bank robbery.
Details >07/19/2023
Study Finds Most FinTechs Don’t Meet Consumers’ Instant Payments Expectations
PYMNTS
The consumers powering today’s economy are increasingly digital-first, meaning money mobility is a top requirement for any financial services provider — especially FinTechs set on winning consumers away from traditional banks.
Details >07/19/2023
Organized retail crime goes beyond store shoplifting
NRF
We’ve all seen news footage of brazen retail crimes — groups of individuals filling their arms or bags with merchandise that’s then sold to a “fence” for resale or online to an unwary consumer. Store-based stealing might be the most visible element of organized retail crime, but it’s not the only form of ORC impacting the retail ecosystem.
Details >07/19/2023
Massachusetts man accused of zip-tying people, placing ‘bomb’ on counter during armed bank robbery
Fox News
A man from Martha’s Vineyard is accused of zip-tying individuals and placing a "purported bomb" on the counter during an armed bank robbery in April.
Details >07/19/2023
Open Banking Can Help Banks Beat Fraudsters, GIACT Says
PYMNTS
Caitlin Sinclair, director of proposition development, financial crime at GIACT, an LSEG business, recently told PYMNTS that open banking can — and will — give rise to empowered consumers, and take the tedium out of online commerce.
Details >07/18/2023
Beware of AI-generated phising attacks; they are so real!
HT Tech
With AI technology growing each day and new automated software being developed,
Details >07/18/2023
FBI: Texas, Rest of U.S. Experiencing More Cyber Attacks
Government Technology
A series of cyber attacks across Texas are part of a growing statewide and national trend of increasingly sophisticated groups working through computers to steal money and information, according to officials in the FBI.
Details >07/18/2023
3 banks robbed by 'Sticky Note Bandit' dressed as woman, FBI says
ABC News
A man dressed as a woman walked into three Texas banks this month and handed tellers sticky notes with "threatening" messages demanding cash, earning him the nickname "Sticky Note Bandit," the FBI said.
Details >07/18/2023
Sezzle CEO Sees Banks Ramping Up FinTech Acquisitions in 2024 and Beyond
PYMNTS
As 2023 winds into its final few months and 2024 dawns, banks may be on the prowl for acquisitions.
Details >07/17/2023
Cryptocurrency deposits with no returns
FTC
How much do you know about cryptocurrency?
Details >07/17/2023
Eight steps organizations can take after news of a state-sponsored cyberattack
SC Media
Microsoft announced Tuesday that they mitigated an attack by a China-based threat actor that targeted cloud-based customer emails in Microsoft 365 at about 25 organizations.
Details >07/17/2023
Financial Friday: How to protect your kids from identity theft
WAFF 48
HUNTSVILLE, Ala. (WAFF) - Identity fraud is nothing new, but child identity fraud is still happening at an alarming rate. A study done by Javelin Strategy and Research shows a slight decline from 2021 to 2022.
Details >07/17/2023
Founder of failed crypto lending platform Celsius Network arrested on fraud charges
Fox Business
The founder and former CEO of the failed cryptocurrency lending platform Celsius Network was arrested Thursday on federal fraud charges alleging that he schemed to defraud customers by misleading them about key aspects of the business.
Details >07/17/2023
Bank robbery in downtown Miami briefly turns into a hostage situation, police say
Yahoo News
Miami police officers responding to reports of a bank robbery briefly had a hostage situation on their hands Friday afternoon, the department said.
Details >07/17/2023
FCC Funding for Cybersecurity, New AI Company, FCC Proposal on Cell Phone Scams
Broad Band Breakfast
July 13, 2023 – The head of the Federal Communications Commission put out Wednesday a proposal to launch a pilot program to protect schools against cyber attacks.
Details >07/17/2023
Woodbury man charged with multiple counts of tax fraud in connection to Cottage Grove businesses
Pioneer Press
A Woodbury businessman was charged with 13 felony tax crimes in relation to a landscaping business he owns and a haunted house business he operates, both located in Cottage Grove.
Details >07/17/2023
Another man charged in downtown Minneapolis cell phone theft ring
Bring Me The News
A Minneapolis man is the latest person to be charged in a "cell phone theft ring" that has been plaguing the downtown night-life scene since last year.
Details >07/17/2023
8 Pros and Cons of a Single Digital ID System
Make Use Of
Having one unifying digital ID could help streamline online activities and help inclusion. Or it could have the exact opposite effect.
Details >07/17/2023
15 CNY Walmart stores hit by multistate skimming scheme
Inform NY
SYRACUSE, N.Y. (WSYR-TV) — After days of collecting information from multiple police departments, NewsChannel 9 has found a total of 15 Walmart stores were targeted as part of an interstate and four-day skimming scheme.
Details >07/17/2023
The best way to protect your information from scammers? Recognize a phishing scam
FTC
Scammers know how valuable your personal and financial information is — and they’ll do or say almost anything to get it. What can you do to keep it safe?
Details >07/17/2023
Computer System Security Requirements for IRS 1075: What You Need to Know
FORTRA
Any organization or agency that receives federal tax information (FTI) is now required to prove that their data protection policies meet IRS 1075 compliance standards. That means federal, state, county and local entities – as well as the contractors they employ – all fall within this scope.
Details >07/14/2023
SEO Expert Hired and Fired By Ashley Madison Turned on Company, Promising Revenge
Krebs on Security
It was around 9 p.m. on Sunday, July 19, when I received a message through the contact form on KrebsOnSecurity.com that the marital infidelity website AshleyMadison.com had been hacked.
Details >07/14/2023
20% of malware attacks bypass antivirus protection
Help Net Security
Security leaders are concerned about attacks that leverage malware-exfiltrated authentication data, with 53% expressing extreme concern and less than 1% admitting they weren’t concerned at all, according to SpyCloud.
Details >07/14/2023
FedNow: Instant Payments or Instant Fraud
Fintech Nexus
July has come full of expectations. The long-awaited FedNow is (apparently) on the brink of launch. Despite The ClearingHouse launching its own Real-Time Payments (RTP) Network in 2017, there is a sense that FedNow will be different.
Details >07/14/2023
Armored car guard shot, Milwaukee bank robbed again
Milwaukee Fox 6
MILWAUKEE - A 55-year-old armored car guard was shot Thursday, July 13, near 79th and Capitol in Milwaukee during a robbery.
Details >07/14/2023
Consumers Have Ditched Cash and Paper Checks – Why Haven’t CFOs?
PYMNTS
In today’s hostile macroclimate, every competitive edge counts for businesses looking to navigate ongoing headwinds.
Details >07/14/2023
K.C. Chiefs ‘superfan’ accused of string of bank stick-ups in U.S., including two in Twin Cities
Pioneer Press
A diehard Kansas City Chiefs fan known on social media and at games as “ChiefsAholic” is accused of robbing six banks across the central U.S. last year, and trying to rob ones in Apple Valley and Savage on the same day.
Details >07/14/2023
Cryptocurrency deposits with no returns
FTC
How much do you know about cryptocurrency? If your answer is “not much,” that’s exactly what crypto scammers want to hear. And that’s exactly who one cryptocurrency company targeted with its false and misleading claims, according to a lawsuit filed by the FTC.
Details >07/12/2023
Culture, ethics audits can prevent malfeasance: study
CFO Dive
Companies are failing to prioritize assessments of their work culture and missing an opportunity to ward off corporate wrongdoing that can occur when values are mismatched, a recent study by AuditBoard found.
Details >07/12/2023
Flaw in Revolut payment systems exploited to steal $20 million
Help Net Security
Organized criminal groups exploited a flaw in Revolut’s payment systems and made off with $20+ million of the company’s money, the Financial Times reported on Sunday, citing people with knowledge of the situation.
Details >07/12/2023
How Are Higher Ed Cyber Attacks Evolving?
Government Technology
Despite efforts to combat ransomware attacks on higher ed institutions, the education sector remains one of the most targeted industries as more vulnerabilities and data incentivize hackers.
Details >07/12/2023
BofA to Pay $250M Over Extra Fees, Unauthorized Cards
Wealth Management
(Bloomberg) -- Bank of America Corp. agreed to pay $150 million in fines and $100 million to customers for improperly charging extra fees, withholding rewards and opening unauthorized credit-card accounts, US regulators said.
Details >07/12/2023
Omaha police investigating bank robbery after man allegedly threatens teller on the phone
KETV Omaha
OMAHA, Neb. — Omaha police are investigating a bank robbery that occurred Monday afternoon.
Details >07/11/2023
Trio Arrested for Extensive Identity Theft Operation and Drug Possession
Florida News 610 WIOD
Monroe County, FL - Three individuals are facing criminal charges after law enforcement discovered a trove of stolen or forged identity documents in a South Florida motel room.
Details >07/11/2023
Microsoft Fixes NoAuth Flaws, Prevents Account Takeover
Security Boulevard
Microsoft has admitted that a vulnerability has been discovered in its Azure Active Directory (AD) Open Authorization (OAuth) process which facilitates hackers a complete account takeover.
Details >07/11/2023
The high cost for fraud and fees for the 'unbanked'
Fox 5 Atlanta
ATLANTA - The FDIC reports that about 6 million Americans are "unbanked." That means they have no savings or checking accounts. This kind of money management can be unsafe and expensive.
Details >07/11/2023
Apple & Microsoft Patch Tuesday, July 2023 Edition
Krebs on Security
Microsoft Corp. today released software updates to quash 130 security bugs in its Windows operating systems and related software, including at least five flaws that are already seeing active exploitation.
Details >07/11/2023
Top Suspect in 2015 Ashley Madison Hack Committed Suicide in 2014
Krebs on Security
When the marital infidelity website AshleyMadison.com learned in July 2015 that hackers were threatening to publish data stolen from 37 million users, the company’s then-CEO Noel Biderman was quick to point the finger at an unnamed former contractor.
Details >07/10/2023
New Phishing Attack Spoofs Microsoft 365 Authentication System
Hack Read
Vade, a provider of email security and threat detection services, has released a report on a recently discovered phishing attack that involves the spoofing of the Microsoft 365 authentication system.
Details >07/10/2023
Cyber Extortion Cases Surge 39% Annually
Info Security Magazine
Incidents of online extortion reported to the police increased by nearly two-fifths in 2022 compared to a year previously, according to international law firm RPC.
Details >07/10/2023
FTC revs up money transfer case against Walmart
Payments Dive
The Federal Trade Commission revved up its case against Walmart last week, alleging the retailer facilitated fraudulent transactions, despite a court ruling setback in March.
Details >07/10/2023
Moody’s report spotlights FedNow downside
Payments Dive
Dive Brief: The credit ratings agency Moody’s Investors Service this week spelled out potential drawbacks of the real-time payments system FedNow, which the Federal Reserve plans to launch next month, saying some payments players that “rely heavily” on card interchange fees for revenue could suffer.
Details >07/10/2023
Steer clear of scams while shopping on Amazon Prime Day 2023
NBC Miami
As consumers look forward to Amazon Prime Day to snag deals, it's essential to stay vigilant against potential scams.
Details >07/06/2023
Did you hear the SCOTUS decision on student loan debt relief? So did scammers.
FTC
If you have federal student loans, you’ve probably heard about the Supreme Court decision and know that repayments are restarting in October.
Details >07/06/2023
AI linked to new crop of business email scams
Cyber Security Dive
Generative artificial intelligence tools such as ChatGPT could be aiding the proliferation of more convincing email scams aimed at stealing money from businesses, according to cybersecurity firm Fortra.
Details >07/06/2023
AI linked to new crop of business email scams
Cyber Security Dive
Generative artificial intelligence tools such as ChatGPT could be aiding the proliferation of more convincing email scams aimed at stealing money from businesses, according to cybersecurity firm Fortra.
Details >07/06/2023
Mastermind of $10 million Amazon fraud scheme sentenced to 16 years in federal prison
U.S. Attorney's Office Northern District of Georgia
ATLANTA - Kayricka Wortham has been sentenced for stealing more than $9.4 million from Amazon.com while employed as a manager for the company. Seven individuals, including Wortham, have now been charged in connection with the scheme.
Details >07/06/2023
Ransomware criminals post kids’ private files after school hacks in Twin Cities, elsewhere
Tiwn Cities Pioneer Press
The confidential documents stolen from schools and dumped online by ransomware gangs are raw, intimate and graphic.
Details >07/06/2023
Russian Cybersecurity Executive Arrested for Alleged Role in 2012 Megahacks
Krebs on Security
Nikita Kislitsin, formerly the head of network security for one of Russia’s top cybersecurity firms, was arrested last week in Kazakhstan in response to 10-year-old hacking charges from the U.S. Department of Justice.
Details >07/06/2023
Who’s Behind the DomainNetworks Snail Mail Scam?
Krebs on Security
If you’ve ever owned a domain name, the chances are good that at some point you’ve received a snail mail letter which appears to be a bill for a domain or website-related services.
Details >07/06/2023
Fraud Alert: Scammers impersonate Office for Victims of Crime
Lowndes Signal
The Office of Justice Programs’ Office for Victims of Crime (OVC) has received multiple reports that individuals claiming to represent OVC, or other Department of Justice (DOJ) agencies, are calling members of the public as part of imposter scams, announced United States Attorney Sandra J. Stewart.
Details >07/06/2023
Microsoft Warns of Russia-Backed Credentials Stealing Campaign
MSSP Alert
Microsoft’s security team recently said that it had found evidence of a jump in cyber attacks orchestrated by the Russian state-backed Midnight Blizzard crew eyeing personal credentials.
Details >07/06/2023
Expert offers advice on how to avoid becoming victim of check fraud
CBS News Miami
MIAMI - Stopping finance fraud is a full-time job, on top of the one a local business owner already has.
Details >07/06/2023
Cyber Attack on Suncor Energy Indefinitely Suspends Electronic Payments at Canadian Gas Stations
CPO Magazine
Motorists who have pulled up to one of Canada’s Petro-Canada gas stations in the last few days have been greeted by “cash only” signs, as a cyber attack on parent company Suncor Energy has disrupted the company’s payment and loyalty reward systems.
Details >07/06/2023
From Portugal to the Philippines, Real-Time Payments Increase Their Global Footprint
PYMNTS
Real-time payments have gained significant traction worldwide, revolutionizing how consumers and businesses conduct financial transactions.
Details >07/06/2023
NHS Barts trust attacked by ransomware gang
Cyber Security HUB
Russian ransomware gang BlackCat has allegedly stolen 7TB of data from the NHS Trust
Details >07/06/2023
IRS warns of new identity theft scam that comes through the mail
Central Oregon Daily
The IRS is warning of a new identity theft scam intending to make you believe you are owed a refund. This one comes through the mail, but has many of the hallmarks of email and text scams.
Details >07/06/2023
Sanford bank robbery sparks investigation near Bank of America
Orlando 6
SANFORD, Fla. – There was a heavy law-enforcement presence in Sanford on Wednesday following a bank robbery, according to the Seminole County Sheriff’s Office.
Details >07/06/2023
It may not be safe to mail checks anymore. U.S. Postal Service shares tips to fight rise in crime.
USA Today
Neither snow nor rain nor heat nor gloom of night, the adage goes, will stop postal workers from delivering the mail. But what about armed robbery?
Details >07/02/2023
Bloomington murder-suicide tied to securities fraud in Minnesota small towns
Star Tribune
U.S. securities regulators claim perpetrator and victims of the killings raised over $3.7 million for fraudulent stock trading scheme
Details >07/02/2023
The Great Grift: More than $200 billion in COVID-19 aid may have been stolen, federal watchdog says
WIZM
WASHINGTON (AP) — More than $200 billion may have been stolen from two large COVID-19 relief initiatives, according to new estimates from a federal watchdog investigating federally funded programs that helped small businesses survive the worst public health crisis in more than a hundred years.
Details >06/30/2023
78 people charged in $2.5 billion health care fraud schemes targeting elderly, disabled: DOJ
USA Today
The U.S. Department of Justice has charged 78 people for their alleged participation in health care fraud and opioid abuse schemes valued at $2.5 billion.
Details >06/28/2023
Microsoft Teams Attack Skips the Phish to Deliver Malware Directly
Dark Reading
Exploiting a flaw in how the app handles communication with external tenants gives threat actors an easy way to send malicious files from a trusted source to an organization's employees, but no patch is imminent.
Details >06/28/2023
FedNow battles conspiracy theories
Payments Dive
The Federal Reserve’s new instant payments system is confronting disinformation as it gears up for a launch, likely late next month.
Details >06/28/2023
FedNow battles conspiracy theories
Payments Dive
The Federal Reserve’s new instant payments system is confronting disinformation as it gears up for a launch, likely late next month.
Details >06/28/2023
Man gave teller note demanding $1,200 in downtown Grand Rapids bank robbery
Michigan Live
GRAND RAPIDS, MI – A man walked into a downtown Grand Rapids bank, wearing all dark clothing, and gave a bank teller a note.
Details >06/28/2023
Police, FBI investigating bank robberies in Western Springs, Oak Lawn
ABC 7 Eyewitness News
CHICAGO (WLS) -- The FBI and local police are investigating two robberies that happened Tuesday, one in Western Springs and one in south suburban Oak Lawn.
Details >06/28/2023
FACEBOOK'S CREEPY NEW AI CAN REPLICATE YOUR FRIENDS' VOICES
Futurism
Meta-formerly-Facebook has unveiled a "breakthrough" new text-to-speech AI that can edit existing audio, speak in six languages, and — in a more unsettling turn — replicate your loved ones' voices.
Details >06/28/2023
SMS Phishers Harvested Phone Numbers, Shipment Data from UPS Tracking Tool
Krebs on Security
The United Parcel Service (UPS) says fraudsters have been harvesting phone numbers and other information from its online shipment tracking tool in Canada to send highly targeted SMS phishing (a.k.a. “smishing”) messages that spoofed UPS and other top brands. The missives addressed recipients by name, included details about recent orders, and warned that those orders wouldn’t be shipped unless the customer paid an added delivery fee.
Details >06/28/2023
U.K. Cyber Thug “PlugwalkJoe” Gets 5 Years in Prison
Krebs on Security
Joseph James “PlugwalkJoe” O’Connor, a 24-year-old from the United Kingdom who earned his 15 minutes of fame by participating in the July 2020 hack of Twitter, has been sentenced to five years in a U.S. prison.
Details >06/28/2023
CFPB Takes Action Against ACI Worldwide for Illegally Processing $2.3 Billion in Mortgage Payments that Homeowners Did Not Authorize
CFPB
ACI will pay a $25 million penalty for data handling practices that negatively impacted nearly 500,000 homeowners whose mortgages were serviced by Mr. Cooper
Details >06/28/2023
Interchange bill would reduce fraud protection, offer little consumer savings
CUNA
The Big Box interchange bill would reduce funding for fraud protection with little or no consumer savings, Veridian Credit Union CEO Renee Christoffer wrote in The Gazette. CUNA, Leagues, and credit unions strongly oppose the Marshall-Durbin-Gooden-Lofgren bill as introduced earlier this month.
Details >06/28/2023
3 widespread scams even smart people can fall for
Business Insider
With inflation still causing an uptick in costs, many are looking for ways to get out of debt and trying to pinch pennies.
Details >06/28/2023
2 accused of running ‘paper plant,’ use fake checks to swindle victims out of $80,000, deputies say
WSB-TV
FAYETTEVILLE, Ga. — A man and a woman are facing multiple charges including fraud after deputies said they produced a “paper plant” and scammed victims out of more than $80,000.
Details >06/28/2023
4 common types of business fraud to watch out for — and how to prevent them
Sioux Falls Business
Business owners face a myriad of challenges when it comes to running a successful enterprise. One of the most rapidly increasing challenges relates to that forbidden f-word: fraud.
Details >06/28/2023
Publishers Clearing House deceived consumers about their sweepstakes contests, FTC says
FTC
It’s illegal for a company to tell someone to pay to enter a sweepstakes contest, or that buying something increases their odds of winning.
Details >06/28/2023
May ransomware activity rises behind 8base, LockBit gangs
TechTarget
LockBit was the most active group last month, but NCC Group researchers were surprised by 8base, which started listing victims from attacks that occurred beginning in April 2022.
Details >06/28/2023
Dallas to require online reporting for some crimes instead of calling 911
The Dallas Morning News
The Dallas Police Department will soon mandate that residents report a slew of low-priority calls online instead of by calling 911 in hopes of freeing more officers for serious crimes.
Details >06/27/2023
Florida man pleads guilty to fraud and identity theft, as part of felony lane gang scheme
News Channel 13
Cedric Lynch pled guilty Friday to federal charges of conspiracy to commit bank fraud and aggravated identity theft. Lynch admitted that he was involved in a fraud scheme known as “felony lane gang” between 2015 and 2020. Lynch and his co-conspirators – one of whom was from Schenectady – traveled across the country breaking into cars, stealing items used in identity theft.
Details >06/27/2023
Real-Time Payments Fraud Detection Feature Introduced by Jack Henry
Crowdfund Insider
Jack Henry (Nasdaq: JKHY) announced the launch of Payrailz Fraud Monitor, a cloud-native, AI-based feature of the Payrailz Digital Payments Platform that “provides real-time fraud detection when payment transactions are initiated.”
Details >06/26/2023
Vancouver art student claims she lost hundreds in social media scam
City News Everywhere
An art student in Vancouver claims she lost hundreds of dollars to a fraudster who she thought was buying her work.
Details >06/26/2023
Grand Rapids Police arrest man in downtown bank robbery
Channel 3 News
GRAND RAPIDS, Mich. — A suspect is in custody for robbing a bank in downtown Grand Rapids on June 22, Grand Rapids Police announced Monday.
Details >06/23/2023
SMS Phishers Harvested Phone Numbers, Shipment Data from UPS Tracking Tool
Krebs on Security
The United Parcel Service (UPS) says fraudsters have been harvesting phone numbers and other information from its online shipment tracking tool in Canada to send highly targeted SMS phishing (a.k.a. “smishing”) messages that spoofed UPS and other top brands.
Details >06/21/2023
Check fraud on the rise, costing people and businesses thousands
WSAW - TV
WAUSAU, Wis. (WSAW) - Check fraud is on the rise again and experts have said personal checks are very easy to print on a computer where criminals can “wash” them to create blank checks.
Details >06/21/2023
Restaurant hired fake priest to extract ‘confessions’ from workers, feds say
MSN
A taqueria chain in California has been ordered by the Department of Labor to pay $140,000 in back pay and damages to 35 employees for a range of infractions, including hiring a fake priest to elicit “confessions” from its workers.
Details >06/20/2023
Mexico and Peru to Follow Brazil’s Real-Time Payments Footsteps
PYMNTS
Despite large proportions of unbanked households hampering real-time payments adoption in Latin America, some countries in the region are expected to see massive real-time payments growth in the coming years.
Details >06/20/2023
Microsoft admitted it was targeted in a cyber attack claimed by a Russian-linked group called Anonymous Sudan
Yahoo
The disruptions to Microsoft’s services earlier this month were indeed the result of hacks, the software giant has admitted.
Details >06/20/2023
Richfield man charged with alleged check fraud in Eden Prairie
Home Town Source
Aammir Rashaad Freese, 29 of Richfield, was charged via summons with one count of check forgery after allegedly cashing checks last July from Marathon Orthodontics in Eden Prairie.
Details >06/20/2023
A 3-hour phone call that brought her to tears: Imposter scams cost Americans billions
NPR
It was a Monday in the middle of the day when Valeria Haedo got a phone call from a number she didn't recognize. She doesn't normally pick those up, but she did that day.
Details >06/20/2023
Senators Demand Answers From Venmo and Cash App on Fraud
PYMNTS
A quartet of Senate Democrats want Venmo and Cash App to offer better fraud protection.
Details >06/18/2023
Every Louisiana driver’s license holder exposed in colossal cyber-attack
The Guardian
Personal details for every holder of a driver’s license from the US state of Louisiana were exposed to hackers who have pulled off a colossal cyber-attack that also affected American federal agencies, British Airways and the BBC, according to officials.
Details >06/18/2023
Man in custody after barricading inside St. Petersburg Wells Fargo bank, police say
Tampa Bay Times
A man barricaded himself inside a Wells Fargo bank in St. Petersburg for about an hour on Friday afternoon before he was taken into custody, police said.
Details >06/18/2023
Victims speak out over ‘tsunami’ of fraud on Instagram, Facebook and WhatsApp
The Guardian
The social media giant Meta is facing growing pressure from MPs, consumer groups and the UK banking sector over its failure to prevent a “tsunami” of fraud on Facebook, Instagram and WhatsApp, where Britons are losing “life-changing” sums every day.
Details >06/18/2023
How Banks and Merchants Make Payments Easy While Keeping Them Safe
PYMNTS
Today’s new digital operating environment is ripe with opportunities for payment innovations.
Details >06/18/2023
Bank robber that threatened employees with an alleged bomb is on the run
WDEL
The Bear Wells Fargo was robbed yesterday evening at around 5 p.m. and police are asking for the public's help to identify the suspect.
Details >06/18/2023
Bank Robbery Suspect Fled by Bike After Stealing $20K—and Is Still at Large
Bicycling
“I have a gun and a bag and I don’t want anyone to go to hell today,” is what the suspect said as he was robbing the Citibank branch at 25-91 Steinway St. in Astoria on Wednesday, June 14th in the middle of the afternoon. According to the Astoria Post, the suspect pressed an object into a bank employee’s back and said it was a gun.
Details >06/18/2023
Milwaukee HSA Bank fraud scheme; former employee, man charged
Fox 6 Milwaukee
MILWAUKEE - Two people, including a former Milwaukee HSA Bank employee, are charged with multiple counts in a scheme that involved using customers' personal information to steal thousands of dollars.
Details >06/18/2023
Microsoft says early June service outages were triggered by cyber attacks
The Straits Times
WASHINGTON – The outages that affected certain Microsoft services on some days in early June were the result of cyber attacks. But the tech giant noted it saw no evidence of any customer data being accessed or compromised.
Details >06/18/2023
Data breach impacts MN Department of Education
KARE 11
MDE says one of its servers was hit by a global cyber security attack targeting MOVEit software. Files accessed contained data from more than 95,000 students.
Details >06/18/2023
Saturday Morning Heist: Two Men Pull off Violent, Daring Bank Robbery in Frankfort
County Herald
FRANKFORT TOWNSHIP – Two armed men executed a daring bank robbery in Unincorporated Frankfort Township, striking fear into the hearts of customers and employees as they gained access to the vault.
Details >06/16/2023
Woman, 78, to be released on special conditions after allegedly robbing Pleasant Hill bank
Bank Robbery
A 78-year-old woman accused of robbing a Pleasant Hill bank will be released from jail Thursday after her bond was reduced, according to court documents.
Details >06/15/2023
Nashville woman loses life savings in ‘intricate’ identity theft scam
WATE
NASHVILLE, Tenn. (WKRN) —“They didn’t miss a beat.” That’s how a Nashville woman describes her phone call conversations with scammers who claimed her identity was stolen. She is now warning others after she handed over her entire life savings.
Details >06/15/2023
AI Regulation: How Could It Impact Everyday Life for Consumers and Businesses
PYMNTS
Different AI regulatory regimes are currently emerging across Europe, the United States, China, and elsewhere. But what do these new regulatory regimes mean for companies and their adoption of self-regulatory and compliance-based tools and practices?
Details >06/15/2023
CISA Order Highlights Persistent Risk at Network Edge
Krebs on Security
The U.S. government agency in charge of improving the nation’s cybersecurity posture is ordering all federal agencies to take new measures to restrict access to Internet-exposed networking equipment. The directive comes amid a surge in attacks targeting previously unknown vulnerabilities in widely used security and networking appliances.
Details >06/15/2023
Blaine Business Owner Indicted for $600,000 Scheme to Defraud Hundreds of Jobseekers
United States Attorney's Office District of Minnesota
MINNEAPOLIS – A Blaine man has been indicted on wire fraud charges after devising an employment opportunity scheme to defraud hundreds of jobseekers out of approximately $600,000, announced United States Attorney Andrew M. Luger.
Details >06/15/2023
Bloomington Man Pleads Guilty to Wire Fraud in $250 Million Feeding Our Future Fraud Scheme
United States Attorney's Office District of Minnesota
MINNEAPOLIS – A Bloomington man has pleaded guilty to his role in the $250 million fraud scheme that exploited a federally-funded child nutrition program during the COVID-19 pandemic, announced U.S. Attorney Andrew M. Luger.
Details >06/15/2023
Microsoft identifies new hacking unit within Russian military intelligence
Cyberscoop
Dubbed "Cadet Blizzard," the hacking group carried out operations targeting Ukrainian infrastructure in the run-up to the Russian invasion.
Details >06/15/2023
Johns Hopkins impacted by widespread cyberattack, sensitive information may be affected
WBAL TV 11
BALTIMORE — Johns Hopkins University and Health System said it is investigating a recent cybersecurity attack that impacted its systems.
Details >06/15/2023
Charges: Accused Inver Grove Heights bank robber says it ‘was a joke’
KSTP 5 Minneapolis, MN
A man who is now facing criminal charges after he allegedly robbed an Inver Grove Heights bank last week told police it “was a joke,” court documents state.
Details >06/15/2023
Pandemic Fraud Is Really, Truly Not a Big Deal
Prospect
The media’s focus on waste misses key context, and ignores the stunning success of the lockdown-era welfare state.
Details >06/14/2023
Have you been getting scammy text messages?
FTC
If you get tons of scam text messages, you’re not alone. Lots of people have been reporting to the FTC that they’re getting texts from scammers impersonating people and organizations you know and trust — like your bank or companies like Amazon.
Details >06/14/2023
Brooklyn Center Man Sentenced to 30 Months in Prison for Insurance Fraud After Staging a Politically Motivated Arson Attack
United States Attorney's Office District of Minnesota
MINNEAPOLIS – A Brooklyn Center man was sentenced to 30 months in prison, followed by one year of supervised release and ordered to pay $3,850 in restitution and an $18,381 fine for filing fraudulent insurance claims for a staged arson, announced U.S. Attorney Andrew M. Luger.
Details >06/14/2023
Microsoft Patch Tuesday, June 2023 Edition
Krebs on Security
Microsoft Corp. today released software updates to fix dozens of security vulnerabilities in its Windows operating systems and other software.
Details >06/14/2023
Cases of check fraud escalate dramatically, with Americans warned not to mail checks if possible
WOKV Jacksonville
NEW YORK — (AP) — Check fraud is back in a big way, fueled by a rise in organized crime that is forcing small businesses and individuals to take additional safety measures or to avoid sending checks through the mail altogether.
Details >06/14/2023
Three suspects apprehended in Louisville in connection with Boulder bank robbery
Yahoo News
Jun. 12—Three suspects have been taken into custody by Louisville police in relation to a Boulder bank robbery that occurred Monday morning.
Details >06/14/2023
A Bank Robbery Was Foiled When The Getaway Car Is Stolen
Rock929
Sometimes life just isn’t fair. Alan Duncan, from Minnesota, traveled over to Chicago, reportedly with the master plan of robbing banks.
Details >06/14/2023
PCI DSS 4.0 Requirements – Protect from Malicious Software and Maintain Secure Systems and Software
FORTRA
We often hear how a company was compromised by a sophisticated attack. This characterization contains all the romantic thrill of a spy movie, but it is usually not how most companies are victimized.
Details >06/14/2023
ChatGPT and Data Privacy
FORTRA
In April 2023, German artist Boris Eldagsen won the open creative award for his photographic entry entitled, Pseudomnesia: The Electrician. But, the confusing part of the event for the judges and the audience was that he refused to receive the award.
Details >06/14/2023
Minding Your Data Leaks: Simple Steps to Help Prevent Leaks
FORTRA
If you mention data leakage to most people, they may think that it sounds like a problem for a plumber, but the phrase “data leak” has specific and troubling concerns for a business. Data leakage is a particular security threat, and there are many sources for data leaks.
Details >06/14/2023
Malware menaces Minecraft mods
FORTRA
If you, or your kids, are fans of Minecraft - you might be wise not to download any new mods of plugins for a while.
Details >06/12/2023
UBS completes Credit Suisse takeover. Here’s what it means
WSILTV.com
London (CNN) — UBS has finalized its emergency takeover of fallen rival Credit Suisse, creating a giant Swiss bank with nearly $1.7 trillion in assets in the biggest banking tie-up since the 2008 global financial crisis.
Details >06/12/2023
Bank robbery suspect robs second Brentwood bank in almost 2 weeks, police say
WSMV 4
NASHVILLE, Tenn. (WSMV) - Brentwood Police say a suspect has robbed a second bank in almost two weeks and are seeking the public’s help in identifying him.
Details >06/12/2023
Judge rejects late claim in massive bank fraud case involving Aaron Marshbanks
Nebraska Examiner
LINCOLN — A judge on Friday rejected an effort by a friend and partner of deceased businessman Aaron Marshbanks to file a late claim against the businessman’s estate, which is wrapped up in perhaps the largest case of bank fraud in state history.
Details >06/12/2023
Synthetic identity theft makes a serious threat even worse
Consumer Affairs
In its most recent reporting year, the Federal Trade Commission (FTC) counted 1.4 million cases of identity theft, in which a criminal assumes the victim’s identity and opens credit accounts in their name.
Details >06/12/2023
The Great Grift: How billions in COVID-19 relief aid was stolen or wasted
AP News
WASHINGTON (AP) — Much of the theft was brazen, even simple. Fraudsters used the Social Security numbers of dead people and federal prisoners to get unemployment checks. Cheaters collected those benefits in multiple states. And federal loan applicants weren’t cross-checked against a Treasury Department database that would have raised red flags about sketchy borrowers.
Details >06/12/2023
Providence Man Sentenced for Role in Counterfeit Check Scheme
United States Attorney's Office District of Rhode Island
PROVIDENCE – A Providence man who willingly participated in a bank fraud scheme that obtained the bank routing and account information of unsuspecting individuals, and later used that information to create and deposit counterfeit checks and withdraw funds, has been sentenced to two years in federal prison, announced United States Attorney Zachary A. Cunha.
Details >06/12/2023
Boulder police seek woman in U.S. Bank robbery
Colorado Hometown Weekly
A bank robbery occurred just after 11:30 this morning at the U.S. Bank at 1650 28th St., near Canyon Boulevard.
Details >06/12/2023
Hackers access sensitive student data from Minnesota Department of Education
Bring me the News
Nearly 100,000 Minnesota students might be impacted by a global cyber-security attack that impacted the Minnesota Department of Education this week, state officials announced Friday.
Details >06/11/2023
Live biometrics checks ‘the only way’ to prevent identity scams in finance
Biometric Update
In a recent podcast from PaymentsJournal, Micheal Sheehy, chief compliance officer at payments firm Payoneer, pointed to large-scale recent fraud cases such as the Equifax data breach, Covid unemployment scams, and PPP loans, saying that it has “really become obvious that the only way to prevent this fraud is a live biometric check.”
Details >06/11/2023
Consumer Identity and Access Management (IAM) Market Is in Huge Demand : Major Giants Mitek Systems, LexisNexis Risk Solutions, Ping Identity
Digital Journal
NJ New Jersey, USA -- (SBWIRE) -- 06/09/2023 -- Advance Market Analytics published a new research publication on "Consumer Identity and Access Management (IAM) Market Insights, to 2028" with 232 pages and enriched with self-explained Tables and charts in presentable format.
Details >06/11/2023
Digital Behavioral Fraud Gets Increasingly Personal
PYMNTS
Powered by technology like generative artificial intelligence (AI), behavioral-driven fraud is enjoying a modern renaissance.
Details >06/11/2023
Younger, more extroverted, and more agreeable individuals are more vulnerable to email phishing scams
PsyPost
New research published in Applied Cognitive Psychology suggests that the older you are, the less susceptible you are to phishing scams. In addition, highly extroverted and agreeable people are more susceptible to this style of cyber attack.
Details >06/11/2023
Sioux Falls man sentenced for August bank robbery
Fox Dakota News Now
SIOUX FALLS, S.D. (Dakota News Now) - A US District Judge has delivered a sentence for a Sioux Falls man who attempted to rob a bank last year.
Details >06/11/2023
Government Overreached in Identity Theft Case, Supreme Court Rules Unanimously
NTD
The Supreme Court limited the reach of the federal Identity Theft Penalty Enhancement Act, unanimously rebuffing the Biden administration’s efforts to prosecute a man already convicted of Medicaid fraud with a separate charge of aggravated identity theft arising out of the same fraud case.
Details >06/09/2023
Barracuda Urges Replacing — Not Patching — Its Email Security Gateways
Krebs on Security
It’s not often that a zero-day vulnerability causes a network security vendor to urge customers to physically remove and decommission an entire line of affected hardware — as opposed to just applying software updates.
Details >06/09/2023
FBI releases identity of attempted bank robber arrested by BSO in Dania Beach
7 News Miami
PEMBROKE PINES, FLA. (WSVN) - The Federal Bureau of Investigation released information on the identity of the man arrested by Broward Sheriff’s Office deputies in Dania Beach after Wednesday’s attempted bank robbery in Pembroke Pines.
Details >06/07/2023
Shoplifting arrest ends in busting identity theft scheme
The Daily World
What began as a simple arrest in Walmart in late February for shoplifting catapulted Aberdeen police down a rabbit hole as they investigated and got convictions on a man wanted for identity theft.
Details >06/07/2023
Social Security News: Protect yourself from identity theft
Times Herald
Identity theft affects millions of people each year and can cause serious harm. Protect yourself by securing your personal information, understanding the threat of identity theft, and exercising caution.
Details >06/07/2023
Service Rents Email Addresses for Account Signups
Krebs on Security
One of the most expensive aspects of any cybercriminal operation is the time and effort it takes to constantly create large numbers of new throwaway email accounts.
Details >06/07/2023
Cyber Attack Due to Malicious Open-source Package
Security Boulevard
Open-source tools and packages are an essential part of the modern software development ecosystem. They are widely used by developers to speed up the development process and reduce the amount of work required to build complex systems.
Details >06/07/2023
ChatGPT: Navigating the rising financial crime landscape in the digital age
Beta News
In-depth discussions with financial crime compliance decision makers from 10 leading U.S. financial institutions reveal that real-time digital payments, digital fraud, and cybercrime are the primary concerns for compliance teams in 2023.That said, there is a new player that has entered the scene and demands our attention: ChatGPT. It has the dual ability to help or hurt compliance and security teams.
Details >06/04/2023
Brookfield Landmark Credit Union check cashing fraud, woman sought
Fox 6 Milwaukee
BROOKFIELD, Wis. - Brookfield police are looking for a woman who tried cashing a check that did not belong to her.
Details >06/04/2023
Gen Z Consumers Give Banks Less Than a Passing Grade on Bank Authentication
PYMNTS
When consumers think about how secure their bank accounts are, that can trigger a powerful emotional response to what is ultimately a matter of bank-grade security.
Details >06/04/2023
Beware of fake government scheme! Free laptop offer scam circulating online, PIB Fact Check reveals
Live Mint
A fraudulent scheme is currently circulating on the internet under the guise of the Indian government. Scammers are spreading false information to users, claiming that the government of India is providing complimentary laptops to students.
Details >06/04/2023
Cyber security expert shares how to prevent summer travel scams
KENS5
AUSTIN, Texas — The summer travel season is upon us and scammers are coming up with ways to steal your money. Cybersecurity experts believe these travel scams are going to continue to grow as more people get back to traveling, which could cause billions of dollars in losses from fraud.
Details >06/04/2023
BBB warns of summer scams preying on job seekers, vacationers
ABC 7 Eyewitness News
CHICAGO (WLS) -- As summer approaches, scammers are turning up the heat to get to your money.
Details >06/02/2023
Delegated Authentication Helps Speed the Shift to Passwordless Future
PYMNTS
In a world where online commerce continues its inexorable rise, authentication and transaction processes have become more critical than ever.
Details >06/01/2023
Bank Robbery Update: New details emerge from Princeton heist
KTTN
More information has been released regarding the bank robbery in Princeton on May 19th.
Details >06/01/2023
Data Orchestration Can Beat Fraudsters at Their GPT Identity-Theft Games
PYMNTS
Financial fraud is growing faster and more sophisticated, making smart defense crucial for today’s organizations.
Details >05/31/2023
Capita cyber-attack: 90 organisations report data breaches
The Guardian
About 90 organisations have reported breaches of personal information held by Capita after the outsourcing group suffered a cyber-attack, Britain’s data watchdog has said.
Details >05/31/2023
$4 million food stamp fraud ring leads to 3 arrests in Michigan
MLive Michigan
LANSING, MI – Three Michiganders are under arrest in connection with a $4 million interstate food stamp fraud ring, Attorney General Dana Nessel announced Tuesday.
Details >05/31/2023
Discord Admins Hacked by Malicious Bookmarks
Krebs on Security
A number of Discord communities focused on cryptocurrency have been hacked this past month after their administrators were tricked into running malicious Javascript code disguised as a Web browser bookmark.
Details >05/31/2023
California man pleads guilty to $1.2M financial fraud scheme after HSI-led investigation
U.S. Immigration and Customs Enforcement
SANTA ANA, Calif. — A convicted felon from Orange County who used Instagram to teach his followers how to defraud banks pleaded guilty May 30 to conspiring with a bank employee and others to commit a check fraud scheme in which they sought $1.2 million.
Details >05/30/2023
Veterans Should Look Out for These Scams
Kiplinger.com
If you thought those Camp Lejeune liability ads all over TV are scams, well, the Veterans Administration says some may be. And this is just the latest in a line of scams directed at veterans.
Details >05/30/2023
MCNA Dental breach exposed nearly 9M people
Cybernews
MCNA, a US-based dental benefits manager, notified millions of clients about a data breach that exposed their government ID’s, Social Security numbers, and driver’s license details.
Details >05/30/2023
Man walks in on bank robbery, stops suspect with hug
KNOP News 2
WOODLAND, Calif. (KCRA) - Police say a customer at a California bank convinced a would-be robber to walk away. He didn’t use a weapon or physical restraint to do it – just empathy.
Details >05/30/2023
Rush City Woman Pleads Guilty to $1.8 Million Scheme Involving Romance Fraud and Federal Pandemic Programs
U.S. Attorney's Office District of Minnesota
MINNEAPOLIS – A Rush City woman has pleaded guilty to mail fraud after participating in multiple schemes that defrauded individuals throughout the United States, announced U.S. Attorney Andrew M. Luger.
Details >05/30/2023
Two Minneapolis Men Plead Guilty to Armed Carjacking
U.S. Attorney's Office District of Minnesota
ST PAUL, Minn. – Two Minneapolis men have pleaded guilty to carjacking, kidnapping, and holding a victim at gunpoint for several hours, announced U.S. Attorney Andrew M. Luger.
Details >05/26/2023
Bank’s Best Customers Now Willing to Trade Convenience for Security
PYMNTS
Fueled by rising digital threats, security stands top of mind for retail banking customers. Nearly 7 in 10 worry about their personal and financial data vulnerability when engaging with online financial services.
Details >05/26/2023
Phishing Domains Tanked After Meta Sued Freenom
Krebs on Security
The number of phishing websites tied to domain name registrar Freenom dropped precipitously in the months surrounding a recent lawsuit from social networking giant Meta, which alleged the free domain name provider has a long history of ignoring abuse complaints about phishing websites while monetizing traffic to those abusive domains.
Details >05/25/2023
AT&T resolves issue that would allow account takeover through ZIP code and phone number
The Record
AT&T recently fixed a vulnerability that would have allowed anyone to take over someone’s account on ATT.com just by knowing their phone number and ZIP code.
Details >05/25/2023
Senior News: Carry only essentials to help avoid identity theft
Columbia Gorge News
With identity theft rampant, identity fraud cost 40 million Americans a combined $43 billion in 2022, according to an AARP-sponsored report from Javelin Strategy & Research. One safeguard is to keep only the essentials in your pocket or purse.
Details >05/24/2023
Dish confirms cyber attack impacting 300,000 employees
Info Tech Lead
US-based satellite television giant Dish has confirmed that hackers stole the personal information of about 300,000 employees in a ransomware attack in February, TechCrunch reported.
Details >05/24/2023
The timeline: Records show the immediate aftermath of the cyber attack on Rochester Public Schools
Post Bulletin
Although the district initially shut everything on its network down, it soon after restored email access to the district's top administration.
Details >05/23/2023
Father and son sentenced for decadelong, $20 million lottery fraud scheme
AP News
BOSTON (AP) — A father and son from Massachusetts have both been sent to prison for running an elaborate lottery fraud scheme designed to enrich themselves and help prize winners avoid paying taxes on their windfall, prosecutors said.
Details >05/23/2023
Rush City Woman Pleads Guilty to $1.8 Million Scheme Involving Romance Fraud and Federal Pandemic Programs
US Attorney's Office District of Minnesota
MINNEAPOLIS – A Rush City woman has pleaded guilty to mail fraud after participating in multiple schemes that defrauded individuals throughout the United States, announced U.S. Attorney Andrew M. Luger.
Details >05/23/2023
Scammers are hijacking job ads. Here’s how to spot the fakes
FTC
Scammers are taking outdated ads from real employers, changing them, and
Details >05/19/2023
Re-Victimization from Police-Auctioned Cell Phones
Krebs on Security
Countless smartphones seized in arrests and searches by police forces across the United States are being auctioned online without first having the data on them erased, a practice that can lead to crime victims being re-victimized, a new study found.
Details >05/19/2023
Russian Hacker “Wazawaka” Indicted for Ransomware
Krebs on Security
A Russian man identified by KrebsOnSecurity in January 2022 as a prolific and vocal member of several top ransomware groups was the subject of two indictments unsealed by the Justice Department today. U.S. prosecutors say Mikhail Pavolovich Matveev, a.k.a. “Wazawaka” and “Boriselcin” worked with three different ransomware gangs that extorted hundreds of millions of dollars from companies, schools, hospitals and government agencies.
Details >05/19/2023
Duluth Man Pleads Guilty to Wire Fraud for Operating Fraudulent Law Firm
United States Attorney's Office District of Minnesota
MINNEAPOLIS – A Duluth man has pleaded guilty to wire fraud after pretending to operate a law firm and defrauding an individual out of thousands of dollars in legal fees, announced U.S. Attorney Andrew M. Luger.
Details >05/19/2023
More than 1M tax returns flagged for potential identity fraud: IRS
The Hill
More than 1 million tax returns have been flagged for potential identity fraud with more than $6 billion in refunds requiring additional review, according to the IRS.
Details >05/19/2023
USPS focuses on fraud, employee safety
Minot Daily News
WASHINGTON — The United States Postal Service and United States Postal Inspection Service have announced expanded actions to protect postal employees and the security of the nation’s mail and packages as threats and attacks on letter carriers and mail fraud incidents have escalated with a national rise in crime.
Details >05/19/2023
Scam Alert: Fake advanced pay checks from fake FBI email
Wach Fox 57
NEWBERRY COUNTY, S.C. (WACH) — Newberry County officials are warning people of an alleged check scam using legitimate companies, and a fake FBI Gmail account.
Details >05/19/2023
Police: Robbers steal ATM from Chase bank in southwest Miami-Dade
Local 10 - Miami
MIAMI-DADE COUNTY, Fla. – A pair of robbers are on the run on Thursday morning after stealing an ATM from a bank in southwest Miami-Dade.
Details >05/19/2023
Open Banking Needs Regulatory Nod to Boost Real-Time Payments
PYMNTS
Open banking and instant payments are two of the most exciting trends in digital banking today. Both of these services improve the financial lifestyles of consumers and businesses.
Details >05/19/2023
Investment scam targeting WeChat groups
FTC
A so-called investment opportunity reportedly took the social media platform WeChat by storm — and stole millions from the Chinese community in the U.S. A flurry of social media posts urged people to “invest” in various household goods and electronics, promising returns of 20-40% in 1-3 months. But it was really a scam. Want to know how to spot it?
Details >05/19/2023
Avoiding scams that target immigrants
FTC
When there are big changes that lead to confusion, scammers prosper. Pretty much always.
Details >05/16/2023
Protecting our digitally-connected world is a top priority and focus of the FBI.
IC3.gov
Between staying connected with family and friends, shopping and banking online, and working remotely, we all depend on security in our interconnected digital world.
Details >05/16/2023
Elderly Woman Allegedly Robs New Orleans Bank: ‘Your Bank is Being Robbed’
Breit Bart
An elderly woman with a walker approached the teller at a Chase Bank branch in New Orleans, Louisiana, apparently with one goal in mind: She was going to rob the bank.
Details >05/15/2023
United States Postal Service announces new security measures to address increase in mail theft
CBS Texas
DALLAS (CBSNewsTexas.com) – Stolen mail, check fraud and attacks on letter carriers – the U.S. Postal Service has seen enough and that why it has announced new security measures to hopefully address an increase in all three of those crimes.
Details >05/15/2023
Minnesota man pleads guilty in $19 million organic crops fraud scheme
Fox 9 KMSP
MINNEAPOLIS (AP) - A Minnesota man pleaded guilty to selling conventionally grown crops as certified organic produce in a scheme the federal prosecutors said brought in $19 million in profits.
Details >05/15/2023
Bad bots are coming for APIs
Help Net Security
In 2022, 47.4% of all internet traffic came from bots, a 5.1% increase over the previous year, according to Imperva. The proportion of human traffic (52.6%) decreased to its lowest level in eight years.
Details >05/15/2023
CFPB Issues Guidance to Rein in Creation of Fake Accounts to Harvest Fees
CFPB
New circular addresses illegal “reopening” of deposit accounts that can hit consumers with junk fees
Details >05/15/2023
As the Dark Web Turns Darker, Mitek And DarkTower Partner to Combat Fraud And ID Theft
Digital Transactions
Mitek Systems Inc., a provider of identity-verification technology, is teaming up with DarkTower, the cyber-intelligence division of Davidson, N.C.-based IT consultancy Queen Associates, to combat account fraud and identity theft.
Details >05/15/2023
Criminal Marketplaces Provide Gateway to Rising Account Fraud and Identity Theft
Business Wire
SAN DIEGO--(BUSINESS WIRE)--The amount of check fraud and identity theft-related crimes emerging from online criminal marketplaces continue to rise. Today, Mitek (NASDAQ: MITK) announced its partnership with DarkTower, a cyber intelligence research company, to address the growing threat. During the first quarter of 2023 alone, the Federal Trade Commission recorded nearly $2 billion in losses from more than 750,000 reports of fraud and identity theft.
Details >05/12/2023
Putting Scams Out of Business
The Federal Reserve FedPayments Improvement
Scams targeting consumers and businesses have become increasingly prevalent in recent years. There’s also been a groundswell of attention to the problem. However, the clear consensus among government entities, financial institutions, technology providers and other organizations is that we can do much more to address scams.
Details >05/11/2023
How To Protect The Hospitality Industry From The Growing Fraud Threat
Forbes
Cybercriminals target various industries, such as healthcare, banking and e-commerce platforms, to steal sensitive information and commit fraud in other industries, including hospitality.
Details >05/11/2023
Identity Theft Resource Center and LexisNexis Risk Solutions Study Highlights Consumer, ID Crime Victim, and Government Executive Views of Identity Verification
Yahoo Life
Sixty-three percent of surveyed government executives say their agency has returned to experiencing pre-pandemic levels of identity fraud
Details >05/11/2023
Ripple Makes Case for Crypto B2B Payments
PYMNTS
Cryptocurrency’s shiny object appeal has been dulled by ongoing industry turmoil and regulatory scrutiny.
Details >05/11/2023
Real-time Payments and APP Fraud Emerging Globally According to New Aite-Novarica Group and Outseer Report
Social News XYZ
Outseer, a leading provider of digital fraud prevention and customer authentication solutions, announced today the availability of new global research conducted by the Aite-Novarica Group focused on global trends in real-time payments (RTP) and associated fraud.
Details >05/11/2023
National Technology Day: Trends of increasing cyber attacks, warns Prof, SK Shukla
HITech
Today is the National Technology day.
Details >05/08/2023
Cybersecurity for Small Businesses: How to Protect Your Company on a Budget
FORTRA
As a small business owner, you wear many hats. You're the CEO, the accountant, the salesperson, and the HR manager.
Details >05/08/2023
Banking Failures Must be a Wake-up Call for Regulatory Modernization, Says Cross River Bank CEO
PYMNTS
The recent collapses of tech-friendly banks, including Silicon Valley Bank (SVB), Signature Bank, Silvergate Bank and First Republic Bank, have rightly caused a global conversation about the future of banking, and even more so, of financial services.
Details >05/04/2023
Illinois woman charged 3 years after discovery of more than 200 identity theft attempts
KAAL TV 6
(ABC 6 News) – An Illinois woman was charged with identity theft and receiving stolen property almost three years after Rochester police found identifying documents for more than 200 people and businesses in her hotel room.
Details >05/04/2023
Feds: Michigan UIA contractor steals more than $550K in fraud, identity theft
CBS News
(CBS DETROIT) - A contract worker with the Michigan Unemployment Insurance Agency pleaded guilty to stealing more than $550,000 in fraud and identity theft.
Details >05/04/2023
The Identity Theft Protection Services Market are Projected To Reach USD 31.98 billion By 2030, From USD 11.45 billion in 2022,Registering a CAGR Of 13.70% During The Forecast Period 2023-2030| Data B
Yahoo
According to a market research study published by Contrive Datum Insights Identity theft insurance is a form of insurance policy that provides victims of identity theft with financial protection. Identity theft occurs when thieves use personal information such as an address, a social security number, date of birth, telephone numbers, bank account numbers, credit card numbers, and passwords to commit fraud such as opening fake accounts, applying for loans, making expensive purchases, and draining users' bank accounts.
Details >05/03/2023
Credit card debt relief that isn’t
FTC
Say you’re struggling to pay off your credits cards — which is already difficult with high interest rates — and you hear about a company that promises to reduce or eliminate your credit card debt for a fee. Sounds great, right? But how can you tell if that offer is legitimate or a scam?
Details >05/02/2023
China has 50 hackers for every FBI cyber agent, says Bureau boss
The Register
China has 50 hackers for every one of the FBI's cyber-centric agents, the Bureau's director told a congressional committee last week.
Details >05/02/2023
Russian Hackers Killnet Executed a Cyber Attack on European Air Traffic Control Agency Eurocontrol
CPO Magazine
A pro-Russian hacking group has carried out a cyber attack on Europe’s air traffic control agency. Eurocontrol said the attack by Russian hacking group Killnet affected its website but did disrupt flights or pose any threat to air traffic.
Details >05/02/2023
Google Blocks 1.43 Million Malicious Apps, Bans 173,000 Bad Accounts in 2022
The Hacker News
Google disclosed that its improved security features and app review processes helped it block 1.43 million bad apps from being published to the Play Store in 2022.
Details >05/02/2023
Houston man sentenced to prison for $3 million PPP loan fraud
Houston 2
Scott Jackson Davis used the PPP loan money to fly on private jets, purchase luxury cars, jewelry and more, according to authorities.
Details >05/01/2023
Are scams affecting your community?
FTC
This month and all year long, we join the nation in honoring the cultures and many contributions of Asian American, Native Hawaiian, and Pacific Islander (AA and NHPI) individuals and communities.
Details >04/24/2023
Scams: A Growing and Costly Problem
The Federal Reserve FedPayments Improvement
Scams are increasingly in the news – along with astonishing estimates of the resulting losses and number of people affected. In 2022 alone, the Federal Trade Commission (FTC) reported consumers lost nearly $8.8 billion to scams (Off-site) – a 35% increase from 2021 – despite receiving half a million (19%) fewer reports of scams.
Details >04/22/2023
Giving a Face to the Malware Proxy Service ‘Faceless’
Krebs On Security
For the past seven years, a malware-based proxy service known as “Faceless” has sold anonymity to countless cybercriminals.
Details >04/22/2023
Our family's identity was stolen. Then it happened again.
GoErie
For as long as my wife and I have been married, I've been able to rattle off her Social Security number. It's a convenient thing to know, allowing me to fill out paperwork until she's there to sign her name to whatever document called for the number.
Details >04/22/2023
Velazquez pleads guilty to federal bank robbery charge
Bismarck Tribune
A Bismarck man who authorities say took more than $2,600 from a Wells Fargo bank has pleaded guilty to a federal bank robbery charge.
Details >04/22/2023
3CX Breach Was a Double Supply Chain Compromise
Krebs on Security
We learned some remarkable new details this week about the recent supply-chain attack on VoIP software provider 3CX.
Details >04/22/2023
Capita Warns Customer Data May Have Been Stolen in Cyber Attack
Insurance Journal
Capita Plc, one of the UK’s biggest outsourcing companies, said that customer data may have been stolen during a recent cyberattack.
Details >04/22/2023
A woman took a job at a Florida post office. Then $70,000 disappeared, police say
Yahoo News
A Bradenton-area postal worker is accused of stealing over $70,000 by taking checks from the mail and depositing them into her own bank account, the Sarasota Police Department said Friday.
Details >04/22/2023
Florida man accused of taking hostages during attempted armed robbery in Lake County
Fox 35 Orlando
EUSTIS, Fla. - A Florida man was arrested Friday for an attempted armed robbery at a business in Eustis, according to authorities, which prompted a hostage situation.
Details >04/22/2023
Phoenix sergeant shoots armed bank robber firing at police helicopter
AZ Family
PHOENIX (3TV/CBS 5) — An armed bank robber is in the hospital after being shot by a sergeant in north Phoenix on Thursday afternoon. Around 3 p.m., police were called out to an armed robbery at a bank near 7th Street and Thunderbird Road.
Details >04/22/2023
Cyber attack will keep area casinos closed throughout weekend
Bradford Today
Official could not put dollar figure on impact of shutdown and could not provide details of what needs to be done to restore IT system.
Details >04/22/2023
Montana State University students react to cyberattack
KBZK 7
BOZEMAN — Montana State University reported a cyberattack on Thursday, April 20. Students shared their thoughts on the security breach and shared who they think could possibly be behind it.
Details >04/20/2023
FTC warns that AI technology like ChatGPT could ‘turbocharge’ fraud
TechCrunch
In a Congressional hearing on Tuesday focused on the Federal Trade Commission’s work to protect American consumers from fraud and other deceptive practices, FTC chair Lina Khan and fellow commissioners warned House representatives of the potential for modern AI technologies, like ChatGPT, to be used to “turbocharge” fraud.
Details >04/20/2023
ROSEVILLE PD: RISKS OF MAILING CHECKS AND HOW TO AVOID CHECK SCAMS
Roseville Today
Roseville, Calif.- Writing checks and mailing them has declined in recent years as the option to pay bills online has become more common.
Details >04/20/2023
Fighting Password Fatigue Means Retiring Passwords for Good
CPO Magazine
Identity has become enterprises’ greatest security and financial vulnerability in 2023, and it’s time to reevaluate the status quo approach.
Details >04/15/2023
47% organizations experienced ransomware attack in the past year
Security Magazine
A recent study reveals that security teams are unprepared for ransomware and struggle with increasing regulatory complexity.
Details >04/15/2023
How companies protect themselves against AI-powered cyber attacks: strategies and best practices.
Digital Journal
AI-powered cyber attacks pose a serious threat to businesses in today's digital age. This article explores strategies and best practices for safeguarding your business, including implementing strong passwords and multi-factor authentication, conducting regular security audits, and investing in AI-powered security tools. Protecting your business from these threats is crucial, and this article covers everything you need to know to stay secure.
Details >04/15/2023
Police arrest armed bank robber who wore wig and carried broom as disguise in WPB
12 News
WEST PALM BEACH, Fla. (CBS12) — Police and the FBI have arrested a man for robbing a PNC bank in West Palm Beach.
Details >04/15/2023
2 from Fargo, Moorhead accused of cashing thousands of dollars in fraudulent checks
INFORUM
Erik Crydermen claimed he was picked off the street by men in an SUV and forced to cash the checks, according to court documents.
Details >04/15/2023
Top eCommerce Security Best Practices to Follow
Security Boulevard
As eCommerce continues to grow, so do the risks of cyberattacks. With more and more people shopping on the internet, eCommerce sites, along with their customers, have become targets for cybercriminals.
Details >04/15/2023
Fed Says FedNow Early Adopters Pave Path to Instant Payments
PYMNTS
Three months until the U.S. payments ecosystem changes forever.
Details >04/15/2023
Only 1% of Real Estate Firms Use Real-Time Payments – Why?
PYMNTS
The real estate industry heavily relies on legacy payment methods for their business-to-business (B2B) transactions, but that is beginning to change.
Details >04/15/2023
TBI: Clarksville caregiver stole more than $100K from elderly client
WSMV 4
A Clarksville caregiver is facing charges after withdrawing large amounts of money from an elderly client’s account, according to the TBI.
Details >04/15/2023
California man gets 5 years for Bismarck bank robbery; suspect had tried to fly to Africa
Bismarck Tribune
A California man convicted of robbing a Bismarck bank four years ago has been sentenced to five years in prison and ordered to pay more than $6,800 back to the bank.
Details >04/14/2023
Omaha Police investigating bank robbery on 87th and West Center
3 News Now
OMAHA, Neb. (KMTV) — The Omaha Police are investigating a Tuesday afternoon bank robbery that occurred on 87th and West Center at Bank of the West.
Details >04/14/2023
Need to charge your phone? Think twice — 'juice jackers' might come for you
NPR
The U.S. government is warning of the dangers of using public, free cellphone charging stations, such as airports, hotels and shopping centers. The FCC put out a statement, and local branches of the FBI are also expressing concern.
Details >04/14/2023
3 Romanians plead guilty to fraud in St. Louis following HSI, APD investigation
U.S. Immigration and Customs Enforcement
ST. LOUIS — Three Romanian citizens pleaded guilty to federal charges in St. Louis and admitted running a “short-change fraud” in stores across the country following a joint investigation by Homeland Security Investigations (HSI) and Missouri’s Arnold Police Department.
Details >04/14/2023
Woman Sent to Prison For Defrauding 3 Rochester Banks
KROC
Rochester, MN (KROC-AM News) - A Chicago woman has been sentenced to nearly 2 years in prison for making fraudulent withdrawals using stolen credit cards at three banks in Rochester five years ago.
Details >04/14/2023
Ex-LPL advisor gets 15 years for elder fraud amid homicide investigation
Financial Planning
A barred ex-financial advisor who pleaded guilty to defrauding an octogenarian couple but denies involvement in the killing of one of the victims received a 15-year prison sentence.
Details >04/14/2023
3 armored truck robberies reported in Chicago area
Yahoo Life
Three armored trucks were robbed Wednesday in the south suburbs and Chicago, the FBI and Chicago police said Wednesday.
Details >04/14/2023
Milwaukee Man Sentenced to 16 Years in Prison for Bank Robberies, Illegal Firearm Possession, and Conspiracy to Retaliate Against an Informant.
Urban Milwaukee
United States Attorney Gregory J. Haanstad of the Eastern District of Wisconsin announced that on April 13, 2023, United States District Court Judge Lynn Adelman sentenced Antoine L. Jackson (age 30) to 16 years in federal prison after Jackson was convicted by a jury of conspiracy to commit bank robbery, three bank robberies, possessing a firearm as a convicted felon, and conspiracy to retaliate against an informant.
Details >04/11/2023
New bill would crack down on USPS mail theft
SiLive
STATEN ISLAND, N.Y. — Rep. Nicole Malliotakis is taking a stand against mail theft following an increase in checks stolen from New York City post offices and mailboxes.
Details >04/11/2023
Big Pharma-partnered Evotec on high alert after cyberattack takes systems offline
Fierce Biotech
German biotech Evotec is on high alert after a late-week cyberattack prompted the company to shut down its network.
Details >04/11/2023
What Is an Impersonation Attack? How You Can Stop Imposters
Make Use Of
You're more likely to trust a friend than a stranger. That's why a cybercriminal will pretend to be someone you know, if they can pull it off.
Details >04/11/2023
A shocking number of phone calls are just spam
Tech Radar
A shocking number of phone calls are just spam that cost both businesses and consumers time and money, new research has claimed.
Details >04/11/2023
One of two mail theft fraud suspects moving forward with trial
WBAY
GREEN BAY, Wis. (WBAY) - Dionta Bratcher is bound over for trial, a court ruled Monday.
Details >04/11/2023
Microsoft (& Apple) Patch Tuesday, April 2023 Edition
Krebs on Security
Microsoft today released software updates to plug 100 security holes in its Windows operating systems and other software, including a zero-day vulnerability that is already being used in active attacks.
Details >04/09/2023
OPERATION COOKIE MONSTER: FBI SHUTS DOWN ONE OF THE BIGGEST ONLINE CRIMINAL MARKETPLACES!
Tag 24
Washington DC - One of the world's biggest online criminal marketplaces has been shut down in an operation involving 17 countries worldwide, dubbed "Cookie Monster."
Details >04/09/2023
New Dark Web Market Styx: Focuses on Money Laundering, Identity Theft
Hack Read
Styx has quickly gained traction as a hub for various illicit activities, following the recent seizure of the Genesis dark web market.
Details >04/09/2023
Local banks warn of a new check-cashing scheme that's targeting young adults
KIMA
YAKIMA -- A new check cashing scam has made its way to banks in our area.
Details >04/09/2023
More Than One-Third of Banks Say Item-Level Receipt Data Cements Customer Loyalty
PYMNTS
Financial institutions (FIs) have had many reasons to consider the benefits of investing in receipt data solutions.
Details >04/09/2023
How Can Security Compliance Protect Your Crypto Business from Fraud?
Cryptopolitan
Cryptocurrencies have witnessed a meteoric rise in popularity and adoption in recent years. Industries such as finance, supply chain management, gaming, and many others have welcomed a multitude of new blockchain and crypto startups.
Details >04/09/2023
Hackers Behind Modesto PD Attack Begin Releasing Data
Government Technology
The ransomware group that claims to have stolen data from the Modesto Police Department's IT network has started making the information available on its website, a threat analyst reported Wednesday on Twitter.
Details >04/09/2023
Killnet DDoS attacks against healthcare dip as identity risks tick up
SC Media
After a spate of Killnet DDoS cyberattacks against healthcare entities throughout January, the hacktivist campaigns have slowed. However, the Department of Health and Human Services Cybersecurity Coordination Center (HC3) warns the risk posed against the hijacking of digital identities remains high.
Details >04/09/2023
New Money Message Ransomware Gang Hits MSI, Threatens of Data Leak
HackRead
The Money Message ransomware group has reportedly demanded a ransom of $4 million from MSI.
Details >04/09/2023
BBB Scam Alert: Texas employment scam reports in 2023 shatter five-year records
OA Online
In quarter one of 2023 (January thru March), reports of employment scams to BBB Scam Tracker from Texas residents doubled, and money loss increased substantially compared to the typical rates Better Business Bureau (BBB) receives at the beginning of the year.
Details >04/09/2023
Don't fall for this new banking scam
Fox News
We recently received this email with important information about banking scams from Jeff from Connecticut. Here's what he had to say.
Details >04/09/2023
New York City bank robber puts elderly woman in chokehold for measly sum: Video
Fox News
The New York robber ran from the Queens bank with $205, according to the NYPD, which offered a $3,500 reward.
Details >04/09/2023
Man shows gun, makes bomb threat to rob Falmouth bank, police say
WCVB 5 Boston
FALMOUTH, Mass. — Authorities in Massachusetts are searching for a man who showed a gun and made a bomb threat in order to rob a Cape Cod bank before stealing a vehicle to flee the scene.
Details >04/07/2023
Three South Jersey men charged with conspiracy to commit bank fraud
The Sun Papers
Three men from southern New Jersey were charged with negotiating fraudulent checks with forged signatures, U.S. Attorney Philip R. Sellinger announced on April 4.
Details >04/07/2023
Reporting fraud 101: protect your community by reporting scams
FTC
Have you or a family member or friend ever lost money to a scam? You’re not alone: last year scammers pulled in over $8 billion. But there’s a way you can help.
Details >04/07/2023
Grand Jury Returns Two Indictments
US Attorney's Office Western District of Wisconsin
MADISON, WIS. - A federal grand jury in the Western District of Wisconsin, sitting in Madison, returned the following indictments today. You are advised that a charge is merely an accusation and that a defendant is presumed innocent until and unless proven guilty.
Details >04/07/2023
78-year-old woman arrested following Pleasant Hill bank robbery
Fox 4 News
PLEASANT HILL, Mo. — A 78-year-old woman is in custody following a bank robbery Wednesday in Pleasant Hill, Missouri.
Details >04/07/2023
Grand Jury Returns Two Indictments
US Attorney's Office Western District of Wisconsin
MADISON, WIS. - A federal grand jury in the Western District of Wisconsin, sitting in Madison, returned the following indictments today. You are advised that a charge is merely an accusation and that a defendant is presumed innocent until and unless proven guilty.
Details >04/07/2023
Prosecutor: Bank robbery by motorcyclist involved NJ stuntman and his brother Read More: Michael 'Crazy Mike' Gaboff, brother accused of robbing NJ bank | https://nj1015.com/franklin-bank
New Jersey 101.5
A Monmouth County family with a longtime love of dirt bikes and racing has found themselves in trouble with law enforcement, stemming from a bank robbery last year.
Details >04/07/2023
Prosecutor: Bank robbery by motorcyclist involved NJ stuntman and his brother
New Jersey 101.5
A Monmouth County family with a longtime love of dirt bikes and racing has found themselves in trouble with law enforcement, stemming from a bank robbery last year.
Details >04/05/2023
Is it really the IRS?
FTC
The “IRS” is on the phone. They’re saying you owe back taxes and need to pay immediately using cryptocurrency, or you’ll be arrested. You reach for your wallet but then think — WAIT — is this really the IRS? Or is it someone impersonating the IRS?
Details >04/05/2023
Shopping online? Here’s what to do when things go wrong
FTC
Ever had a bad online shopping experience? Maybe you ordered one thing but got another. Or that new company never shipped your order, despite charging you. So, what do you do?
Details >04/03/2023
The impact of Quantum Computing on cybersecurity
Tripwire
Quantum computers can solve highly complex problems faster than any of its predecessors. We are currently in a period of a quantum revolution.
Details >04/02/2023
Kauai Woman Sentenced to 17 Years in Prison for Wire Fraud Schemes and Aggravated Identity Theft
United States Attorney's Office District of Hawaii
HONOLULU –Leihinahina Sullivan, 51, of Lihue, Kauai, was sentenced today before United States District Judge J. Michael Seabright to 17 years in prison and three years of supervised release for three counts of wire fraud and one count of aggravated identity theft related to multiple long-running fraudulent schemes.
Details >04/02/2023
German Police Raid DDoS-Friendly Host ‘FlyHosting’
Krebs on Security
Authorities in Germany this week seized Internet servers that powered FlyHosting, a dark web offering that catered to cybercriminals operating DDoS-for-hire services, KrebsOnSecurity has learned.
Details >04/02/2023
MAMA MIA! ITALY HAS BANNED CHATGPT!
Futurism
The anti-artificial intelligence push continues in Italy, which just moved to temporarily ban OpenAI's ChatGPT pending a data privacy investigation.
Details >04/02/2023
Former CU Teller Gets Six-Month Home Confinement for $40,000 Theft
ALM Credit Union Times
A federal judge sentenced a former credit union teller to six months of home confinement and three years of probation for her role in stealing $40,000 from a member’s account at the $5 billion Virginia Credit Union based in North Chesterfield, Va.
Details >04/02/2023
“Check washing” is on the rise
Hometown Focus
VIRGINIA – Close attention by a customer and quick action by staff at Northern State Bank in Virginia meant that at least one attempt at theft by “check washing” was thwarted.
Details >04/02/2023
‘I don’t know why they targeted us’: Animal welfare nonprofit hit with nearly $60,000 in check fraud
WSB-TV
GWINNETT COUNTY, Ga. — Planned PEThood, a non-profit that helps provide low-cost spay, neutering, vaccines, and wellness care for dogs and cats, was the recent target of a $59,000 check fraud scheme.
Details >04/02/2023
Prepaid Debit Cards and Apps Help Seniors Avoid Falling Prey to Hackers and Scams
PYMNTS
The risk of mismanaging funds is high among people living with dementia. And according to Jayne Sibley, co-founder at U.K. FinTech startup Sibstar, this is not only challenging for those involved, but for their families as well.
Details >04/02/2023
Identity Theft on the Rise as Thieves Pilfer Personal Data
AARP
Scam artists have long made off with your money by pretending to be somebody else. Now, they’re pretending to be you.
Details >04/02/2023
How chance encounter in alley led to arrest of man accused in Loop bank robbery, shootout with guard
ABC 7 Chicago
CHICAGO -- Minutes before he robbed a Loop bank and exchanged gunfire with a guard earlier this month, the FBI says Jawad Hakeem met a woman smoking a cigarette in an alley and struck up a conversation.
Details >03/31/2023
Why is Walmart Closing Its Portland Stores?
Retail Wire
Walmart’s planned closure of its last two stores within Portland’s city limits later this month has drawn national coverage amid speculation that it may be due to rampant shoplifting.
Details >03/30/2023
Visa Head of Fraud Services on Protecting Consumers From Hacker Scams
PYMNTS
The good news is that today’s payment landscape is becoming faster, easier, and more digital.
Details >03/30/2023
UK Sets Up Fake Booter Sites To Muddy DDoS Market
Krebs on Security
The United Kingdom’s National Crime Agency (NCA) has been busy setting up phony DDoS-for-hire websites that seek to collect information on users, remind them that launching DDoS attacks is illegal, and generally increase the level of paranoia for people looking to hire such services.
Details >03/30/2023
Business Email Compromise Threats Soar Past Phishing Risks
Security Boulevard
The risk of business email compromise (BEC) is increasing annually and is estimated to be twice as severe as the overall threat of phishing, according to an Osterman Research/IronScales survey of 249 U.S.-based IT and security professionals.
Details >03/30/2023
How to prepare for a world without passwords
Venture Beat
Businesses are spending billions of dollars each year on cybersecurity solutions, but we’re still seeing a steady increase in security breaches.
Details >03/30/2023
Why the FDIC Is Suddenly Front-Page News
PYMNTS
Few debates rage as fiercely today as how to protect bank customers — and how much protection they need.
Details >03/30/2023
Why Some BNPL Providers Aren’t Sweating New Regulations
PYMNTS
Buy now, pay later (BNPL) payments have exploded in popularity in the past several years, now with more than 360 million users worldwide.
Details >03/30/2023
White House Wants New Rules for Midsize Banks
PYMNTS
The White House plans to call for tougher regulation of midsize banks.
Details >03/27/2023
The FBI’s BreachForums bust is causing ‘chaos in the cybercrime underground’
Cyberscoop
The dramatic fall of one of the preeminent cybercrime communities on the web will have major implications for the cybercrime markets.
Details >03/27/2023
The tragic blown promise of Amazon Go
Fast Company
Eight of Amazon’s ‘just walk out’ stores are closing, including all the ones in San Francisco. The one I shopped at never lived up to its potential, but I’ll miss it anyhow.
Details >03/27/2023
Suspect in bank robbery arrested
The Maple Lake Messenger
Daren Teague has been arrested for his involvement in the August 2022 bank robbery at American Heritage Bank in Clearwater.
Details >03/27/2023
Action 9 investigates stolen checks from church in southwest Charlotte
Yahoo
Mail theft has gotten so bad that some are calling it an epidemic.
Details >03/27/2023
Financial Institutions and Cybersecurity Risk: Why you need ISO27001
Tripwire
When it comes to law enforcement crime investigations, there is a maxim of, “follow the money”. This broadly means that if you can follow the money trail, it will eventually lead you to the perpetrator of the crime.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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).
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.”
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >03/13/2023
Man says he was robbed at knifepoint after bank ATM withdrawal
The Scarsdale Inquirer
A man reported he was held up at knifepoint March 6 on S. Central Avenue by two unknown men. He said he’d just gone to a bank ATM where he withdrew $2,350. Shortly after, he pulled into a parking lot to do some paperwork.
Details >03/13/2023
Who’s Behind the NetWire Remote Access Trojan?
Krebs on Security
A Croatian national has been arrested for allegedly operating NetWire, a Remote Access Trojan (RAT) marketed on cybercrime forums since 2012 as a stealthy way to spy on infected systems and siphon passwords.
Details >03/13/2023
Minneapolis Public Schools says they will provide ID theft protection after breach
Fox 9 KMSP
MINNEAPOLIS (FOX 9) - In the district's latest update on an ongoing cybersecurity breach, Minneapolis Public Schools officials say they will provide credit monitoring protection for people who had personal information accessed.
Details >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.
Details >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.
Details >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.
Details >03/13/2023
Dark Web: The Good, Bad and Ugly of This Online Underworld
Jumpstart
The dark web is infamous for hosting illegal activities, but there are legitimate uses like combating censorship and protecting individuals
Details >03/13/2023
AI Can Help Credit Unions Make Payments Smarter and Credit More Accessible
PYMNTS
Beyond the chatbots and hype, artificial intelligence has the potential to improve financial services.
Details >03/13/2023
Merchants Shift Focus to ‘Good Guy’ Strategy to Fight Fraud and Boost Conversions
PYMNTS
The payments ecosystem spends 99% of its time and money on the 1% of the people who are out to exploit the system: the fraudsters. It’s now time to turn the tide.
Details >03/12/2023
The Silicon Valley Bank Story No One Has Told
PYMNTS
It’s almost an eerie coincidence. Nearly three years to the day that the World Health Organization declared the novel Coronavirus a global pandemic, Silicon Valley Bank collapsed.
Details >03/12/2023
Utah bank robber steals $1, demands to go to federal prison: report
Fox 6 Milwaukee
A suspected bank robber in Utah demanded $1 from a bank teller Monday and waited for police officers to arrive because he wanted to be jailed in federal prison.
Details >03/12/2023
Duluth nonprofit director guilty of money laundering
Ground.news
Charles Emeka Obije, 40, of Duluth, pleaded guilty Tuesday to conspiracy to commit international money laundering.
Details >03/08/2023
Charges: Attorney-in-fact used elderly woman’s money for personal pleasure, expenses
Southern MN News
A Mankato woman is accused of using her powers of attorney to swindle an elderly woman out of more than $5,000.
Details >03/08/2023
FTX Crypto Bankruptcy Filing Shows $8.6 Billion Shortfall
PYMNTS
If FTX was founder Sam Bankman-Fried’s alleged personal piggy bank, it wasn’t refilled.
Details >03/08/2023
Treasury arm warns of surging mail theft and check fraud
The Daily News Galveston County
An arm of the U.S. Treasury late last month issued an alert to financial institutions about a nationwide surge in mail-theft related check fraud schemes targeting carriers such as the U.S. Postal Service.
Details >03/08/2023
Account takeover attacks possible with Booking.com vulnerabilities
SC Media
SiliconAngle reports that Booking Holdings' online travel agency Booking.com had several critical security flaws within its implementation of the OAuth functionality, which could be leveraged to achieve widespread account takeovers and server breaches.
Details >03/08/2023
Suspected bank robber faces charges for trying to shoot, disarm Joliet police officers
CBS Chicago
CHICAGO (CBS) – A man suspected of a bank robbery is facing multiple charges stemming from an incident last month in which he allegedly tried to shoot and disarm Joliet police officers who arrested him.
Details >03/08/2023
Sued by Meta, Freenom Halts Domain Registrations
Krebs on Security
The domain name registrar Freenom, whose free domain names have long been a draw for spammers and phishers, has stopped allowing new domain name registrations.
Details >03/06/2023
ATM thieves use glue and "Tap" function to drain accounts at Chase Bank
ABC 7 Chicago
SAN FRANCISCO -- ATMs provide great convenience -- but they're also longtime targets of thieves.
Details >03/06/2023
AARP scam alert: National Consumer Protection Week
Wiscasset Newspaper
It’s National Consumer Protection Week —and while AARP is focused on protecting consumers year-round – this is a good time to highlight some key consumer protection tips.
Details >03/06/2023
Most Targeted Industries for Cyber Attacks
Cyber Kendra
Cyber attacks are on the rise, and the costs of such attacks can be significant. According to a recent study, the average cost of a data breach is over $3.8 million, with costs increasing by 10% each year.
Details >03/06/2023
More Than Half of Bank Consumers Want Better Transaction Security
PYMNTS
As authentication technologies evolve and consumer awareness of security measures grows, retail banking customers demand more secure and user-friendly online identity verification.
Details >03/06/2023
Crypto Winter Didn’t Chill Fraudsters Ability to Score $20 Billion in 2022
PYMNTS
Even the criminals have felt the chill of the crypto winter.
Details >03/05/2023
'Check washing' is gaining popularity across SE Wisconsin as criminals break into mailboxes to steal banking information
CBS 58
KENOSHA, Wis. (CBS 58) -- Check washing is the latest, ruthless trend criminals are taking part in. It's happening across the country, and CBS 58 has heard from many businesses and individuals who've experienced it here in SE Wisconsin recently.
Details >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.
Details >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.
Details >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.
Details >03/05/2023
Digital-First Banks Well-Positioned to Win Small Business Hearts and Minds
PYMNTS
Traditional FIs are at risk of losing their business banking relationships — especially with smaller firms.
Details >03/05/2023
White House Wants $1.6B to Attack Identity Theft, Fraud
MeriTalk
The Biden-Harris administration released a three-part proposal on March 2 asking Congress for $1.6 billion to help provide Federal agencies and local governments with more funding to handle pandemic-related fraud claims, modernize identity verification systems, and support victims of identity theft.
Details >03/05/2023
The Dangerous Role Personal Email Plays In Account Takeovers
Forbes
Kasada CTO, stopping bot attacks that others can't stop with novel mitigation techniques that beat cybercriminals at their own game.
Details >03/05/2023
Critical Vulnerabilities Allowed Booking.com Account Takeover
Security Week
Booking.com recently patched several vulnerabilities that could have been exploited to take control of a user’s account.
Details >03/05/2023
Seven red flags that your tax preparer is a fraud
The Washngton Post
Your preparer could even try to ‘ghost’ you, leaving you to handle the IRS on your own.
Details >03/05/2023
FinCEN Warns of Surging Check Fraud
JD Supra
On February 28, the Financial Crimes Enforcement Network of the U.S. Department of Treasury (FinCEN) issued an alert warning financial institutions to be vigilant in identifying and reporting check fraud schemes targeting the U.S. Mail.
Details >03/03/2023
Cryptocurrency ATM Company CEO Arrested in Miami Beach on Warrant for Conspiracy, Money Laundering
NBC Miami
The CEO of a cryptocurrency ATM company was arrested in Miami Beach on an Ohio warrant that accused him of conspiracy, money laundering and other charges.
Details >03/01/2023
AI Becomes the Human-Machine Bridge That Makes Payments Safe and Smart
PYMNTS
As the world buzzes about ChatGPT, the payments and financial sectors are already sizing up advanced new artificial intelligence (AI) tools relating to how they can move from parsing vast amounts of data instantly to detecting fraud to having human-like service interactions.
Details >03/01/2023
Hackers Claim They Breached T-Mobile More Than 100 Times in 2022
Krebs on Security
Three different cybercriminal groups claimed access to internal networks at communications giant T-Mobile in more than 100 separate incidents throughout 2022, new data suggests.
Details >03/01/2023
Sweetwater School District System Outage Due to Cyber Attack
Government Technology
The largest secondary school district in California shut down its Internet and student information system after noticing problems with Microsoft systems. It will take weeks to confirm whether personal information was compromised.
Details >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.
Details >03/01/2023
FinCEN Alert on Nationwide Surge in Mail Theft-Related Check Fraud Schemes Targeting the U.S. Mail
Financial Crimes Enforcement Network
WASHINGTON—The Financial Crimes Enforcement Network (FinCEN) is issuing an alert to financial institutions on the nationwide surge in check fraud schemes targeting the U.S. Mail. Fraud, including check fraud, is the largest source of illicit proceeds in the United States and is one of the anti-money laundering/countering the financing of terrorism (AML/CFT) National Priorities.
Details >03/01/2023
Connecticut insurance firm owner pleads guilty to $40 million fraud scheme
Insurance Business Magazine
A Fairfield County, CT man who co-owns an insurance company has admitted to committing a $40 million insurance fraud through his own firm.
Details >03/01/2023
Former Bank Employee Convicted After Trial for Fraudulently Opening Bank Accounts
US Attorney's Office District of Maryland
Greenbelt, Maryland – A federal jury in Maryland has convicted Diape Seck, age 29, of Rockville, Maryland for his role in a bank fraud scheme in which he and his co-conspirators obtained or attempted to obtain almost $2 million by fraud, including by stealing checks from the mail of churches and religious institutions. The guilty verdict was returned late on February 24, 2023.
Details >03/01/2023
‘Check washing’ scam using stolen mail costing central Ohioans
NBC 4
LANCASTER, Ohio (WCMH) — Law enforcement agencies across central Ohio are warning people to take steps to protect their bank accounts after a string of mail thefts across the area.
Details >03/01/2023
Men accused of forging more than $750K in money orders
The Shelby Star
A Shelby man, along with three others from Charlotte, is accused of cashing in on fake money orders to gain more than $750,000.
Details >02/27/2023
Who’s Behind the Botnet-Based Service BHProxies?
Krebs on Security
A security firm has discovered that a six-year-old crafty botnet known as Mylobot appears to be powering a residential proxy service called BHProxies, which offers paying customers the ability to route their web traffic anonymously through compromised computers.
Details >02/27/2023
The Most Common Types of Payment Fraud and How to Detect Them
Tech Bullion
Payment fraud has become an increasingly prevalent problem in today’s digital age. With the rise of online transactions and mobile payments, fraudsters have found new ways to exploit vulnerabilities and defraud unsuspecting victims.
Details >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.
Details >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.
Details >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.
Details >02/27/2023
When Low-Tech Hacks Cause High-Impact Breaches
Krebs on Security
Web hosting giant GoDaddy made headlines this month when it disclosed that a multi-year breach allowed intruders to steal company source code, siphon customer and employee login credentials, and foist malware on customer websites.
Details >02/27/2023
Two Nigerian citizens indicted for attempting to defraud the United States of over $25 million
U.S. Attorney's Office Western District of Washington
Defendants used thousands of stolen identities to obtain over $2.4 million in fraudulent COVID-19 unemployment benefits
Details >02/27/2023
GROUP MADE $3 MILLION IN BANK FRAUD SCHEME INVOLVING STOLEN MAIL
News Maven
A $3 million bank fraud scheme in Charlotte, NC just sent Terrell Freeman, 35, Joshua Monteith, 32, and Yanalise Hodge, 23, to prison. The scheme involved stolen checks and mail. The suspects were sentenced to prison on September 20, 2022.
Details >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.
Details >02/26/2023
Dish Network hit by multi-day internal outage, in possible cyber attack
Data Center Dynamics
Dish Network's websites, apps, and internal systems are offline in a multi-day outage.
Details >02/26/2023
Victims of $55 million fraud urged to contact federal officials after Florida man pleads guilty
3 News Now Omaha
A Florida man pleaded guilty Friday for his part in an investment fraud scheme that defrauded more than 10,000 victims nationwide of over $55 million.
Details >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
Details >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?
Details >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.
Details >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.
Details >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:
Details >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.
Details >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!
Details >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.
Details >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.
Details >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.
Details >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
Details >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.
Details >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.
Details >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.
Details >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.”
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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
Details >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.
Details >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.
Details >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…
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >02/14/2023
Galileo on Why the Time for Real-Time Is Now
PYMNTS
Banks occupy a unique position in the payments universe.
Details >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.
Details >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.
Details >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
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.”
Details >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.
Details >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.
Details >02/08/2023
Counterfeit 100 Bills
Douglas County Sheriff's Office
In the last week, a bar in Douglas County, Minnesota, received $500 in fake $100 bills. The bills in question were passed while buying pull tabs.
Details >02/06/2023
How Zelle Scams Work and How to Protect Against Them
Make Use of
Zelle makes sending money to friends, family members, and selected small businesses easy and convenient.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >01/28/2023
Medical identity theft: Why your medical records make scammers big bucks
WSPA
(WSPA) – We have reported on a lot of scams that can affect your wallet, but one alarming trend can impact both your money and your health: medical identity theft.
Details >01/28/2023
Mail, check fraud growing in Madison area
Spectrum News 1
MADISON, Wis. — Mail and check fraud is becoming a growing trend in the Madison area, according to Crime Stoppers.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >01/26/2023
Incognia Introduces New Suspicious Locations Feature
Martech Series
Capable of detecting fraud rings, Incognia’s precise location detection is the critical new intelligence layer for fraud and risk teams
Details >01/26/2023
GoTo now says customers’ backups have also been stolen
Help Net Security
GoTo (formerly LogMeIn) has confirmed on Monday that attackers have stolen customers’ encrypted backups from a third-party cloud storage service related to its Central, Pro, join.me, Hamachi, and RemotelyAnywhere offerings.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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?
Details >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.
Details >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
Details >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?
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.”
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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
Details >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.
Details >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."
Details >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.
Details >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).
Details >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.
Details >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.
Details >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.
Details >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.
Details >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?
Details >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'
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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
Details >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?
Details >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
Details >01/08/2023
Amex, Amazon, Netflix, Costco, and Walmart – Top Phishing Scams This Week
Trend Micro
We’ve found a large number of scams that you should watch out for, including ones relating to American Express, Amazon, Netflix, Costco, and Walmart. Would you have been able to spot all the scams?
Details >01/08/2023
Cybersecurity Experts Warn Twitter Breach Will Have Lasting Ramifications
Forbes
In July 2019, the United States Conference of Mayors unanimously adopted a resolution not to pay any more ransom demands to hackers following a ransomware attack.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >12/23/2022
The Guardian hit by suspected ransomware attack
Engadget
The 'serious IT incident' hasn't stopped the newspaper from publishing stories online.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >12/19/2022
The Scary Way Small Online Businesses Are Getting Scammed
Tell Me Best
The Scary Way Small Online Businesses Are Getting Scammed.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >12/13/2022
How to slow down a cyber attack
itweb.co.za
South African organizations are favorite targets for cyber crime gangs.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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
Details >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.
Details >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?
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.”
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >12/08/2022
New Ransom Payment Schemes Target Executives, Telemedicine
Krebs on Security
Ransomware groups are constantly devising new methods for infecting vi
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >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
Details >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.
Details >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.
Details >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.
Details >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).
Details >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.
Details >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
Details >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.
Details >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.
Details >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.
Details >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.
Details >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.
Details >Alerts
Alerts
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Resources
Your electronic library to help in fighting financial fraud for all of our partners.
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