Cybercriminals impersonating financial institutions have targeted individuals, businesses, and organizations of different sizes.
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SIM Farm Dismantled in Europe, Seven Arrested
The individuals ran a highly sophisticated cybercrime-as-a-service (CaaS) platform that caused roughly €5 million (~$5.8 million) in losses.
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Fraud Prevention Firm Resistant AI Raises $25 Million
Resistant AI will use the funding to expand its fraud detection and transaction monitoring offerings to new markets.
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Fraud Prevention Company SEON Raises $80 Million in Series C Funding
The company will invest in its AI and real-time detection platform, in global expansion, and in strategic partnerships.
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Who’s Really Behind the Mask? Combatting Identity Fraud
Why context, behavioral baselines, and multi-source visibility are the new pillars of identity security in a world where credentials alone no longer cut it.
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Fraud: A Growth Industry Powered by Gen-AI
With generative AI enabling fraud-as-a-service at scale, legacy defenses are crumbling. The next wave of cybercrime is faster, smarter, and terrifyingly synthetic.
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Google Sues Operators of 10-Million-Device Badbox 2.0 Botnet
Google has filed a lawsuit against the Badbox 2.0 botnet operators, after identifying over 10 million infected Android devices.
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How Scammers Are Using AI to Steal College Financial Aid
Fake college enrollments have been surging as crime rings deploy “ghost students” — chatbots that join online classrooms and stay just long enough to collect a financial aid check.
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Nigerian Involved in Hacking US Tax Preparation Firms Sentenced to Prison
Kingsley Uchelue Utulu has been sentenced to more than 5 years in prison for his role in a scheme that involved hacking, fraud and identity theft.
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Scamnetic Raises $13 Million to Prevent Scams in Real Time
AI-powered threat protection startup Scamnetic has raised $13 million in a Series A funding round led by Roo Capital.
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