Category: Fraud & Identity Theft

Sardine Raises $19.5 Million for Fraud Prevention Platform

Behavior-based financial fraud prevention and compliance platform Sardine has completed a $19.5 million Series A funding round that brings the total raised by the company to $24.5 million.

Spanish Authorities Dismantle SIM Swapping Gang

Spanish authorities this week announced they arrested eight individuals that were part of a fraud ring that employed SIM swapping to compromise bank accounts.

The suspects used phishing and impersonation to obtain the personal information of potential victims and then proceeded to take over online banking accounts to steal money.

Alphabet’s CapitalG Makes Big Bet on Salt Security

Salt Security is the latest addition to a growing list of cybersecurity startups boasting billion-dollar valuations.

The Palo Alto, Calif.-based Salt Security on Thursday announced a new $140 million funding round that brings its valuation to $1.4 billion and signals heightened investor interest in the API security space.

Apple Says WebKit Zero-Day Hitting iOS, macOS Devices

Apple’s struggles with zero-day attacks on its iOS and macOS platforms are showing no signs of slowing down.

For the second time in as many months, Cupertino released iOS, iPadOS and macOS updates to address a critical WebKit security defect (CVE-2022-22620) that exposes Apple devices to remote code execution attacks.

Ransomware Recovery Startup Calamu Banks $16.5M Investment

Calamu, an early-stage cybersecurity startup building technology to help businesses recover from ransomware infections, has raised $16.5 million in venture capital funding.

Meta Sues Two Nigerians Who Lured Facebook Users to Phishing Sites

Facebook parent company Meta this week announced it has taken legal action against two Nigerians for their alleged roles in financial scams targeting Facebook and Instagram users.

Russian Law Enforcement Take Down Several Cybercrime Forums

Russian authorities this week announced that they have seized Ferum Shop, Sky-Fraud, and Trump’s Dumps, three well-known online shops for stolen payment card data.

Data Highlights Growing Threat From Intelligent Bots Operated at Scale by Cybercriminals

The intelligent bot revolution continues. Eighty-six percent of attacks against accounts are now driven by bots that have become 3 times more complex than those seen in earlier years – making it harder for security teams to detect bot signatures.