AI-powered threat protection startup Scamnetic has raised $13 million in a Series A funding round led by Roo Capital.
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FBI: Cybercrime Losses Surpassed $16.6 Billion in 2024
The FBI received roughly 860,000 complaints of malicious activity in 2024, with reported losses exceeding $16.6 billion.
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UN Researchers Warn That Asian Scam Operations Are Spreading Across the Rest of the World
Transnational organized crime groups in East and Southeast Asia are spreading their lucrative scam operations across the globe, according to a UN report.
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North Korean Cryptocurrency Thieves Caught Hijacking Zoom ‘Remote Control’ Feature
North Korean cryptocurrency thieves abusing Zoom Remote collaboration feature to target cryptocurrency traders with malware.
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Fraud Losses Reached $12.5 Billion in 2024: FTC
FTC says reported losses to fraud exceeded $12.5 billion in 2024, with $5.7 billion lost to investment scams.
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XE Group Cybercrime Gang Moves from Credit Card Skimming to Zero-Day Exploits
Vietnamese cybercrime gang shifts from credit card-skimming to exploiting at least two zero-day vulnerabilities enterprise software product.
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Visa to Acquire Fraud Protection Firm Featurespace
Incubated at Cambridge University’s engineering department, Featurespace’s algorithmic-based solutions analyze transaction data to detect fraud cases.
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Mandiant Offers Clues to Spotting and Stopping North Korean Fake IT Workers
Mandiant shines the spotlight on the growing infiltration of US and Western companies by North Korean fake IT workers.
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Two Nigerians Sentenced to Prison in US for BEC Fraud
Franklin Ifeanyichukwu Okwonna and Ebuka Raphael Umeti were sentenced to prison in the US for business email compromise (BEC) fraud.
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Interpol Arrests 300 People in a Global Crackdown on West African Crime Groups Across 5 Continents
Interpol arrests 300 people in a global crackdown on West African crime groups specializing in online financial fraud.
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