Fraud

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

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swift security breaches

Swift hopes daily reporting will help stem payment fraud

Swift is introducing a new reporting system to help banks identify fraudulent payments made over its financial transfer network -- but the reports will arrive up to a day too late to stop them all.

malware payment terminal credit card

Sophisticated malware possibly tied to recent ATM heists in Thailand

Security researchers have found a sophisticated malware program that may have been used recently by a gang of hackers to steal more than $350,000 from ATMs in Thailand.

Adware security

Adware turns a tidy profit for those who sneak it into downloads

If you've ever downloaded software, chances are you've experienced an all-too-common surprise: ads or other unwanted programs that tagged along for the ride, only to pop up on your PC uninvited. Turns out there's a highly lucrative...

tinder1

This Tinder scam promises to verify your account, but actually sells porn

Tinder users beware. The popular dating app generally doesn’t verify user accounts, but that hasn’t stopped spammers from pretending to offer the service.

071116blog zika olympics

Fake Olympic tickets and Zika news apps scam users

These days not a headline goes by without some cybercriminal jumping all over it. Now, with the Olympics coming up and travelers wary of the Zika virus, scammers are creating fake websites and apps to steal money or to infect users...

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.

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

What I learning playing prey to Windows scammers

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

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.

the dao

A blockchain 'smart contract' could cost investors millions

Investors in a "smart contract" built on the Ethereum blockchain platform may have lost cryptocurrency worth millions of dollars because they missed a loophole in the contract's fine print.

click fraud

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

Shared malware code links SWIFT-related breaches at banks and North Korean hackers

Malware links suggest that North Korean hackers might be behind recent attacks against several Asian banks, including the theft of $81 million from Bangladesh central bank earlier this year.

russian atm rouble

Second-factor may prevent ATM fraud

Crooks stole $12.7 million from Japanese ATMs earlier this month but the theft could have been avoided, a security expert said, if ATMs accepting the old-style, easy-to-copy magnetic stripe cards moved to two-factor authentication

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.

simlivity

Google alums rollout Simility fraud-detection platform

A team from Google’s fraud-detection group has started up its own software as a service venture for spotting transaction fraud quickly based on rule sets but that also learns as it goes to improve its hit rate.

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

5 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...

150817 google headquarters 2

French tax police raid Google’s Paris office

French police have raided Google's Paris office as part of an investigation into the company's tax affairs.

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