Businesses could be forfeiting up to five percent or more of their revenue to fraud, considering the hidden costs of […]
Tag: fraud
Deepfake fraud calls target consumer cash
AI-generated voice impersonation scams are an increasing threat, with 31 percent of US consumers, 27 percent of Canadians, and 26 […]
Deepfake fraud attempts grow over 2,000 percent
Financial institutions are facing a significant increase in deepfake fraud attempts, which have grown by a staggering 2,137 percent in […]
A new age of fraud: building resilience against adversary-in-the-middle attacks
From phishing scams to business email compromise, fraud is continually evolving and cybercriminals are using increasingly refined tactics to exploit […]
Fraud-as-a-Service allows cybercriminals to launch complex attacks with minimal skills
User-friendly fraud kits that enable amateurs to execute complex attacks against thousands of accounts in minutes are widely available on […]
Deepfakes, workforce fraud and phishing incidents on the rise across businesses
Half of businesses have reported a growth in deepfake and AI-generated fraud, alongside rising biometric spoofs and counterfeit ID fraud […]
Couple allegedly tricked AI investors into funding wedding, houses
To further the alleged scheme, he “often described non-existent revenue, inflated cash balances,” and “otherwise exaggerated customer relationships,” the US […]
Scam eCommerce sites became a major threat in 2024
A new report from Recorded Future’s Inskit Group looks at the emerging and evolving key fraud threats in the payments […]
In IT? Need cash? Cybersecurity whistleblowers are earning big payouts.
Matthew Decker is the former chief information officer for Penn State University’s Applied Research Laboratory. As of October, he’s also […]