India Orders Messaging Apps to Work Only With Active SIM Cards to Prevent Fraud and Misuse

India's Department of Telecommunications DoT has issued directions to app-based communication service providers to ensure that the platforms cannot be used without an active SIM card linked to the user's mobile number. To that end, messaging apps like WhatsApp, Telegram, Snapchat, Arattai,...

Social Engineering People’s Credit Card Details

Good Wall Street Journal article on criminal gangs that scam people out of their credit card information: Your highway toll payment is now past due, one text warns. You have U.S. Postal Service fees to pay, another threatens. You owe the New York City Department of Finance for unpaid traffic...

Eurojust Arrests 5 in €100M Cryptocurrency Investment Fraud Spanning 23 Countries

Law enforcement authorities in Europe have arrested five suspects in connection with an "elaborate" online investment fraud scheme that stole more than €100 million $118 million from over 100 victims in France, Germany, Italy, and Spain. According to Eurojust, the coordinated action saw searches ...

Visa: New Tools Could Spot Additional $1.5b In Fraud

Credit card giant Visa Inc. said on Thursday that an update to its anti-fraud technology will make it easier to spot sophisticated credit card fraud that spans national borders. Visa said the update amounted to a major upgrade of Visa Advanced Authentication, the company’s real time risk scoring...