Memcyco Announces Next-Gen, AI Solution to Combat Fraud and Impersonation Attacks in Real Time

Memcyco’s AI-based solution enables organizations of all sizes to better protect their customers from phishing, impersonation fraud and…...

CERT-UA Warns of Cyber Scams Using Fake AnyDesk Requests for Fraudulent Security Audits

The Computer Emergency Response Team of Ukraine CERT-UA is warning of ongoing attempts by unknown threat actors to impersonate the cybersecurity agency by sending AnyDesk connection requests. The AnyDesk requests claim to be for conducting an audit to assess the "level of security," CERT-UA added...

IBM Safer Payments 安全漏洞

IBM Safer Payments is the first true cognitive fraud prevention solution for payment processing from IBM USA. helps clients create customized, user-friendly decision models. IBM Safer Payments has a security vulnerability that stems from misallocation of resources and vulnerability to denial of...

North Korean IT Worker Fraud Linked to 2016 Crowdfunding Scam and Fake Domains

Cybersecurity researchers have identified infrastructure links between the North Korean threat actors behind the fraudulent IT worker schemes and a 2016 crowdfunding scam. The new evidence suggests that Pyongyang-based threamoret groups may have pulled off illicit money-making scams that predate...

Illicit HuiOne Telegram Market Surpasses Hydra, Hits $24 Billion in Crypto Transactions

The Telegram-based online marketplace known as HuiOne Guarantee and its vendors have cumulatively received at least $24 billion in cryptocurrency, dwarfing the now-defunct Hydra to become the largest online illicit marketplace to have ever operated. The figures, released by blockchain analytics...

Terraform Labs Founder Do Kwon Extradited to US, Faces 130-Year Sentence

SUMMARY: Do Hyeong Kwon Do Kwon, the 33-year-old co-founder and former CEO of Terraform Labs, has been extradited…...

Gift Card Fraud

It's becoming an organized crime tactic: Card draining is when criminals remove gift cards from a store display, open them in a separate location, and either record the card numbers and PINs or replace them with a new barcode. The crooks then repair the packaging, return to a store and place the...

Happy 15th Anniversary, KrebsOnSecurity!

Image: Shutterstock, Dreamansions. KrebsOnSecurity.com turns 15 years old today! Maybe it's indelicate to celebrate the birthday of a cybercrime blog that mostly publishes bad news, but happily many of 2024's most engrossing security stories were about bad things happening to bad guys. It's also ...

Two Californians charged in the largest NFT fraud case to date

SUMMARY Two California men have been arrested and charged in what is being called the largest NFT fraud…...

Spyware Maker NSO Group Found Liable for Hacking WhatsApp

A judge has found that NSO Group, maker of the Pegasus spyware, has violated the US Computer Fraud and Abuse Act by hacking WhatsApp in order to spy on people using it. Jon Penney and I wrote a legal paper on the case...

INTERPOL Pushes for "Romance Baiting" to Replace "Pig Butchering" in Scam Discourse

INTERPOL is calling for a linguistic shift that aims to put to an end to the term "pig butchering," instead advocating for the use of "romance baiting" to refer to online scams where victims are duped into investing in bogus cryptocurrency schemes under the pretext of a romantic relationship. "Th...

Stop Calling Online Scams ‘Pig Butchering,’ Interpol Warns

Experts say the catchall term for online fraud furthers harm against victims and could dissuade people from reporting attempts to bilk them out of their money...

The Role of Blockchain and Smart Contracts in Securing Digital Transactions

Learn how blockchain and smart contracts improve cybersecurity factors in online transactions, remove the element of fraud, and…...

DoJ Indicts 14 North Koreans for $88M IT Worker Fraud Scheme Over Six Years

The U.S. Department of Justice DoJ has indicted 14 nationals belonging to the Democratic People's Republic of Korea DPRK or North Korea for their alleged involvement in a long-running conspiracy to violate sanctions and commit wire fraud, money laundering, and identity theft by illegally seeking...

How Cryptocurrency Turns to Cash in Russian Banks

A financial firm registered in Canada has emerged as the payment processor for dozens of Russian cryptocurrency exchanges and websites hawking cybercrime services aimed at Russian-speaking customers, new research finds. Meanwhile, an investigation into the Vancouver street address used by this...

U.S. Charges Chinese Hacker for Exploiting Zero-Day in 81,000 Sophos Firewalls

The U.S. government on Tuesday unsealed charges against a Chinese national for allegedly breaking into thousands of Sophos firewall devices globally in 2020. Guan Tianfeng aka gbigmao and gxiaomao, who is said to have worked at Sichuan Silence Information Technology Company, Limited, has been...

Europol Shuts Down Manson Market Fraud Marketplace, Seizes 50 Servers

Europol on Thursday announced the shutdown of a clearnet marketplace called Manson Market that facilitated online fraud on a large scale. The operation, led by German authorities, has resulted in the seizure of more than 50 servers associated with the service and the arrest of two suspects. More...

Crypto’s rising value likely to bring new wave of scams

With the value of cryptocurrencies going to the roof, you can expect several attempts to get defrauded if you even show the slightest interest in the topic or not. Since most cybercriminals lack creativity and are notoriously lazy, we expect to see only slight variations of old tricks. So, we...

Fraud Prevention in Online Payments: A Practical Guide

Learn how to prevent payment fraud with effective fraud detection, online prevention solutions, and secure payment orchestration strategies.…...

Meta takes down more than 2 million accounts in fight against pig butchering

Meta provided insight this week into the company's efforts in taking down more than 2 million accounts that were connected to pig butchering scams on their owned platforms, Facebook and Instagram. Pig butchering scams are big business, with hundreds of millions of dollars involved every year. The...