The company plans to accelerate product development, scale go-to-market efforts, and hire new talent.
The post Verisoul Raises $8.8 Million for Fraud Prevention appeared first on SecurityWeek.
Account Takeover Fraud Caused $262 Million in Losses in 2025: FBI
Cybercriminals impersonating financial institutions have targeted individuals, businesses, and organizations of different sizes.
The post Account Takeover Fraud Caused $262 Million in Losses in 2025: FBI appeared first on SecurityWeek.
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.
The post SIM Farm Dismantled in Europe, Seven Arrested 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.
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.
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.
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.
The post Google Sues Operators of 10-Million-Device Badbox 2.0 Botnet appeared first on SecurityWeek.
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.
The post How Scammers Are Using AI to Steal College Financial Aid appeared first on SecurityWeek.
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.
The post Nigerian Involved in Hacking US Tax Preparation Firms Sentenced to Prison appeared first on SecurityWeek.
