August 14, 2024 at 02:23PM Experian, a global data and technology company, has acquired NeuroID, an industry leader in behavioral analytics. This move enhances Experian’s fraud risk suite by providing insights into digital behavioral signals for both new and returning users. The integration of NeuroID’s solutions aims to help clients proactively monitor and analyze real-time … Read more
May 30, 2024 at 09:04AM Researchers discovered two ad fraud rings called “Merry-Go-Round,” which redirect millions of online ads daily to shady websites. At its peak, the operation fed 782 million ads per day, but currently serves 200 million. Using complex techniques to evade detection, the fraudsters exploit flaws in online ad placement, causing substantial … Read more
May 10, 2024 at 02:20PM Reality Defender, an AI-based security startup, won the Most Innovative Startup at RSA Conference’s Innovation Sandbox for its deepfake detection platform. With a focus on preventing deepfake fraud, the company uses AI to identify manipulated audio, video, and text in real time. The competition also featured pitches from nine other … Read more
May 8, 2024 at 05:56PM The University System of Georgia (USG) is sending data breach notifications to 800,000 individuals exposed in the 2023 Clop MOVEit attacks. The breach impacted sensitive information, including social security numbers, and USG is offering identity protection and fraud detection services through Experian until July 31, 2024. The incident highlights the … Read more
May 6, 2024 at 05:04AM Permira has agreed to acquire a majority stake in BioCatch, a digital fraud detection and financial crime prevention company, through its Growth Opportunities II fund. The deal involves acquiring shares from Bain Capital Tech Opportunities and Maverick Ventures, raising BioCatch’s enterprise valuation to $1.3 billion. BioCatch, founded in 2011, uses … Read more
March 30, 2024 at 12:02PM Security researchers discovered an advanced version of the Vultur banking trojan for Android, distributed through Google Play. The trojan, targeted at banking apps in 15 countries, utilizes a hybrid attack involving smishing and phone calls. It includes new malware dropper ‘Brunhilda’ and features for remote control and evasion, indicating ongoing … Read more
March 11, 2024 at 01:37PM The nonprofit launched Tazama, an open source platform providing anti-fraud capabilities to financial systems in Africa, Asia, and the Middle East. Funded by the Linux Foundation and Gates Foundation, it completed pilot projects in Jordan and South Africa and aims to expand, addressing the lack of banking services and low … Read more
March 4, 2024 at 08:48AM The Linux Foundation recently launched Tazama, an open source digital financial transaction monitoring platform. Tazama aims to offer scalable and cost-effective monitoring of digital payments, as well as fraud detection and AML compliance. Supported by the Bill & Melinda Gates Foundation, Tazama promotes data sovereignty, privacy, and transparency while driving … Read more
February 19, 2024 at 08:38AM The Anatsa banking trojan has targeted Android users in Europe by using Google Play-hosted malware droppers. Security firm ThreatFabric detected five campaigns in the UK, Germany, Spain, Slovakia, Slovenia, and the Czech Republic, leading to 150,000 infections. The trojan uses dropper apps to infect devices and has evolved to bypass … Read more
December 22, 2023 at 12:54PM The Chameleon Android banking trojan, detected by ThreatFabric, has expanded its reach to the UK and Italy from its initial targets in Australia and Poland. The malware employs various tactics, such as phishing pages and accessing Accessibility Services, to perform Account Takeover and Device Takeover attacks, targeting banking and cryptocurrency … Read more