The individuals ran a highly sophisticated cybercrime-as-a-service (CaaS) platform that caused roughly €5 million (~$5.8 million) in losses.
The post SIM Farm Dismantled in Europe, Seven Arrested appeared first on SecurityWeek.
US Charges Cambodian Executive in Massive Crypto Scam and Seizes More Than $14 Billion in Bitcoin
In an indictment, federal prosecutors charged Prince Holding Group chairman Chen Zhi with wire fraud conspiracy and money laundering conspiracy.
The post US Charges Cambodian Executive in Massive Crypto Scam and Seizes More Than $14 Billion in Bitcoin appeared first on SecurityWeek.
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.
The post Fraud Prevention Firm Resistant AI Raises $25 Million appeared first on SecurityWeek.
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.
The post Fraud Prevention Company SEON Raises $80 Million in Series C Funding appeared first on SecurityWeek.
US Sanctions Russian National, Chinese Firm Aiding North Korean IT Workers
US Treasury sanctions Russian and Chinese entities tied to North Korea’s use of fake IT workers, who exploited stolen identities, AI, and malware to funnel millions back to Pyongyang.
The post US Sanctions Russian National, Chinese Firm Aiding North Korean IT Workers appeared first on SecurityWeek.
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.
The post Who’s Really Behind the Mask? Combatting Identity Fraud appeared first on SecurityWeek.
Creating Realistic Deepfakes Is Getting Easier Than Ever. Fighting Back May Take Even More AI
Deepfakes are causing security problems for governments, businesses and individuals and making trust the most valuable currency of the digital age.
The post Creating Realistic Deepfakes Is Getting Easier Than Ever. Fighting Back May Take Even More AI appeared first on SecurityWeek.
OpenAI’s Sam Altman Warns of AI Voice Fraud Crisis in Banking
AI voice clones can impersonate people in a way that Altman said is increasingly “indistinguishable from reality” and will require new methods for verification.
The post OpenAI’s Sam Altman Warns of AI Voice Fraud Crisis in Banking appeared first on SecurityWeek.
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.
The post Fraud: A Growth Industry Powered by Gen-AI appeared first on SecurityWeek.
Apple, Netflix, Microsoft Sites ‘Hacked’ for Tech Support Scams
Tech support scammers are using sponsored ads and search parameter injection to trick users into calling them.
The post Apple, Netflix, Microsoft Sites ‘Hacked’ for Tech Support Scams appeared first on SecurityWeek.
