Fraud

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

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smartphones 2013

Study finds devices are not wiped properly

The National Association for Information Destruction (NAID) found in a recent study that 40 percent of the devices that bought from secondhand markets had PII on them.

bitcoins

Bitcoin rise fuels social media scams

The price of a single Bitcoin passed that of an ounce of gold for the first time this month, and scammers were quick to get in on the action with Ponzi schemes and phishing sites spread via social media.

IRS

IRS makes tax refund scams harder but W-2 phishing attacks continue unabated

Anti-fraud measures by the Internal Revenue Service (IRS) and state agencies over the past two years have made tax refund scams harder for cyber criminals to pull off even as attacks targeting taxpayer information continue unabated.

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Is the rocky road to EMV retail adoption getting smoother?

Confusion and resistance to EMV abounded in 2015, but 2017 brings improvements in adoption and an ongoing evolution in the implementation of EMV-capable credit card readers.

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Five tips to be ‘security smart’ this tax season

Every year there are scams to dupe you into filing your taxes with the wrong collector

woman phone scam

Why awareness needs to teach scam detection and reaction

Most awareness programs teach users how to behave. Ira Winkler argues training needs to go further so people know what to do if they do fall victim to fraud.

credit card fraud

Fraud rises as cybercriminals flock to online lenders

The latest quarterly ThreatMetrix Cybercrime Report shows 1 million cyberattacks targeted online lending transactions throughout 2016, causing estimated losses of more than $10 billion.

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Has fraud met its match?

New and dynamic authentication factors can help prevent identity theft. The idea of using a fingerprint reader to log on to a smartphone is nothing new, but the latest wrinkle is the pressure with which that finger pushes on the...

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

'Tis the season to watch out for W-2 phishing scams

Earlier this month, the IRS sent out an urgent alert warning employers that this W-2 phishing scam had spread beyond the corporate world to other sectors, including school districts, tribal organizations and nonprofits

stolen credit card

Javelin, Visa offer different takes on whether card fraud is moving online

According to a report released last week by Javelin, card-not-present fraud went up 40 percent this year, but according to a new report from Visa, there has been no increase in online fraud. The increase in card-not-present fraud was...

irs chart phishlabs

Report: IRS-related phishing scams seen running rampant

IRS phishing scams are likely underway on a grand scale, according to a PhishLabs report.

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Fraud for online holiday sales spikes by 31%

Fraud attempts on digital retail sales jumped 31% from Thanksgiving to Dec. 31 over the previous year, according to a survey of purchasing data from ACI Worldwide.

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Manual reviews hurt online retailers most during holidays

The holidays are a stressful period for online retailers, who get not only more customers but also a higher ratio of fraudsters - and when manual fraud reviews are added to the mix, the problem only gets worse

healthcare data breach ts

How a dose of AI could be the cure for hospital EHR cyberattacks in 2017

We are all sick (literally) and tired of the endless rounds of 'catch the data thief' playing at a hospital near you. Since these hospital attacks begin in 2014, they seem to get worse each year. Now industry pundits are indicating...

russian hackers

Fraud detection firm outs $1b Russian ad-fraud gang and its robo-browsing Methbot

A $1 billion Russia-based criminal gang has been bilking online advertisers by impersonating high-profile Web sites like ESPN, Vogue, CBS Sports, Fox News and the Huffington Post and selling phony ad slots, but that’s about to end.

Shell gas station Shell petrol station

EMV migration delay doesn't let gas stations completely off the hook

Last week, Visa, MasterCard and American Expressed delayed the EMV migration deadline for gas stations from October 2017 to October 2020 -- but that doesn't mean that gas stations can now relax their EMV upgrade plans

visa cards credit debit money

‘Distributed guessing’ attack lets hackers verify Visa card details

Add credit card fraud to the list of things that distributed processing can speed up.

binary monitor tech digital moody hacker threat

Report: Most cybercriminals earn $1,000 to $3,000 a month

Most cybercriminals make between $1,000 and $3,000 a month, but 20 percent earn $20,000 a month or more, according to a recent report from Recorded Future

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