Fraud

Fraud news, analysis, research, how-to, opinion, and video.

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swift security breaches

SWIFT brings in external support as it fights wave of bank hacks

SWIFT is bringing in additional security support after a series of high-profile bank heists and attempted bank heists conducted via its financial transaction network.

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What I learned playing prey to Windows scammers

Three months of phone calls prove Windows scammers are more skilled at social engineering than you think

Citibank credit card with an EMV chip

Merchants slow to migrate to EMV, see rising fraud costs

The deadline for switching to chip-based card readers was last October, but most merchants still have not upgraded and are now liable for point-of-sale payment card fraud

mobile retail ts

The National Retail Federation is dead wrong about PCI

Ben Rothke and David Mundhenk question why the National Retail Federation (NRF) is trying to lawyer-up on PCI.

malware payment terminal credit card

GozNym Trojan turns its sight on business accounts at major US banks

A hybrid Trojan program created for financial fraud has started redirecting users of four large U.S. banks to rogue websites in order to hijack their accounts.

money whirlpool

Companies pay out billions to fake-CEO email scams

Email scammers, often pretending to be CEOs, have duped businesses into giving away at least $3.1 billion, according to new data from the FBI.

facebook messenger attack

Hackers could have changed Facebook Messenger chat logs

Here's a Facebook hack straight from the pages of the novel 1984: A way to rewrite the record of the past.

atm cash machine money

Up to a dozen banks are reportedly investigating potential SWIFT breaches

Up to 12 banks have reportedly launched investigations into potential security breaches on their networks after hackers stole $81 million from the Bangladesh central bank earlier this year.

The Internal Revenue Service's IRS tax filing form 1040.

Five arrested for impersonating the IRS, listen to a recorded scam in progress

Five people have been arrested in Miami who are said to be responsible for scamming 1,500 people out of more than $2 million by impersonating IRS agents. Their scams centered on contacting individual taxpayers out of the blue and...

click fraud

Angry advertisers hope to seal fate of online ad fraud

Certified Against Fraud is the brainchild of the Trustworthy Accountability Group (TAG), of which the ANA is one of the founders. It plans to award seals to advertising buyers, sellers, and intermediaries that meet its anti-fraud...

atm cash machine money

Stealthy malware Skimer helps hackers easily steal cash from ATMs

Security researchers have found a new version of a malware program called Skimer that's designed to infect Windows-based ATMs and can be used to steal money and payment card details.

emv chip and pin

State of EMV report: Fraud rises before a fall

Counterfeit fraud losses for retailers will hit $4.5 billion in 2016; fall to $1 billion by 2020.

swift banking euros

SWIFT banking network warns customers of cyberfraud cases

SWIFT, the international banking transactions network, has warned customers of "a number" of recent cyber incidents that criminals used to send fraudulent messages through its system, according to a news report.

bangladesh dhaka bank

Bangladesh Bank attackers used custom malware that hijacked SWIFT software

The hackers who stole $81 million from Bangladesh's central bank earlier this year likely used custom malware designed to interfere with the SWIFT client software used by financial institutions.

mexican election vote

MongoDB configuration error exposed 93 million Mexican voter records

A 132 GB database, containing the personal information on 93.4 million Mexican voters has finally been taken offline. The database sat exposed to the public for at least eight days after its discovery by researcher Chris Vickery, but...

taxi passenger

Uber fraud: Scammer takes the ride, victim gets the bill

Some users of the ride-hailing service Uber have found themselves being charged for “ghost” rides they never ordered, since their credentials were stolen and sold on the Dark Web. Experts say better security practices by the company...

bullseye darts

CEO targeted by fraud twice a month

Every couple of weeks or so, Tom Kemp's company gets hit by ever-more-sophisticated attempts to trick them out of large sums of money

young executive at laptop being watched by hacker

Blackhole exploit kit author sent to jail: Pyrrhic victory for the cybersecurity industry

The imprisonment is rather a defeat than a victory for our industry if we carefully look into the details.

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