Big Tech can stop scams. They just don’t (Lock and Code S07E08)

This week on the Lock and Code podcast … A dreadful thing happens far too often whenever an older adult falls for a scam: They get blamed for it. Not the scammers who lied and cheated their victim out of money. Not law enforcement for failing to recover funds. Not even the Big Tech companies that...

Europol Arrests 34 Black Axe Members in Spain Over €5.9M Fraud and Organized Crime

Europol on Friday announced the arrest of 34 individuals in Spain who are alleged to be part of an international criminal organization called Black Axe. As part of an operation conducted by the Spanish National Police, in coordination with the Bavarian State Criminal Police Office and Europol, 28...

FBI Reports $262M in ATO Fraud as Researchers Cite Growing AI Phishing and Holiday Scams

The U.S. Federal Bureau of Investigation FBI has warned that cybercriminals are impersonating financial institutions with an aim to steal money or sensitive information to facilitate account takeover ATO fraud schemes. The activity targets individuals, businesses, and organizations of varied size...

U.K. Fraudster Behind iSpoof Scam Receives 13-Year Jail Term for Cyber Crimes

A U.K. national responsible for his role as the administrator of the now-defunct iSpoof online phone number spoofing service has been sentenced to 13 years and 4 months in prison. Tejay Fletcher, 35, of Western Gateway, London, was awarded the sentence on May 18, 2023. He pleaded guilty last mont...

Home Depot Breach Cost Company $43 Million in Third Quarter

The massive Home Depot data breach disclosed earlier this fall involved the theft of 56 million credit and debit card numbers, and now the company has revealed that the incident so far has cost it $43 million. The costs are the result of both the investigation into the data breach as well as the...