January 18, 2024 at 02:09PM JPMorgan Chase’s CEO revealed at Davos that the bank fends off 45 billion cyberattack attempts daily, doubling from the previous year. With 62,000 technologists, JPMC claims to outpace Google and Amazon. The financial giant faces perceived risks, revealed by the Bank of England, and a $272m fraud lawsuit, amid ongoing … Read more
January 5, 2024 at 06:30AM Nigerian national Olusegun Samson Adejorin is accused of perpetrating a $7.5 million business email compromise (BEC) scheme on two charitable organizations in the US. Adejorin allegedly obtained employee credentials, made fraudulent fund withdrawal requests, and used various tools to perpetrate the fraud. He faces multiple charges and is awaiting court … Read more
January 4, 2024 at 09:37AM The U.S. Federal Trade Commission (FTC) has launched the Voice Cloning Challenge, offering a top prize of $25,000 for ideas combating the misuse of AI-enabled voice cloning. Submissions are open until January 12, aiming to identify solutions to protect consumers from voice-based fraudulent activities. The winning proposal receives $25,000, with … Read more
January 4, 2024 at 08:42AM Health technology company HealthEC experienced a data breach affecting nearly 4.5 million customers of its business partners. The breach, which occurred between July 14, 2023, and July 23, 2023, entailed unauthorized access to personal information such as names, addresses, Social Security numbers, and medical data. HealthEC and its partners are … Read more
January 3, 2024 at 02:35PM Nigerian national Olusegun Samson Adejorin was arrested in Ghana for wire fraud and identity theft, related to $7.5 million embezzlement from US charitable organizations. The fraud scheme involved unauthorized access to email accounts and impersonation of employees to trick one charity into transferring funds to accounts controlled by the attacker. … Read more
December 8, 2023 at 11:51AM Amazon’s Customer Protection and Enforcement team has sued an international fraudulent organization known as REKK and seven former Amazon employees for participating in a refund scheme that resulted in the theft of millions of dollars worth of products from Amazon’s online platforms. The scheme involved providing illicit refunds in exchange … Read more
October 23, 2023 at 04:12PM Blockchain security startup Blockaid has announced a successful emergence from stealth mode with a $33 million Series A investment. The company has developed technology to secure blockchain applications from hacks and scams, and has already blocked over 1.2 million malicious transactions, protecting over $500 million in user funds. The investment … Read more
October 18, 2023 at 10:24AM San Francisco-based fraud prevention startup Darwinium has secured $18m in a Series A funding round led by U.S. Venture Partners, with participation from seed-stage investors Blackbird, Airtree Ventures and Accomplice. The company aims to build technology that helps businesses combat bots, scams and online abuse, combining digital security with fraud … Read more
October 18, 2023 at 08:48AM Fraud prevention provider Fingerprint has raised $33 million in a Series C funding round, bringing its total funding to $77 million. The Chicago-based company offers a device identification platform-as-a-service that helps organizations identify fraudsters while providing a seamless experience for legitimate users. Their device fingerprinting technology and flexible APIs enable … Read more
October 18, 2023 at 02:55AM The FBI warns of cybercriminals targeting plastic surgery offices in the US using spoofed emails and phone numbers. After accessing networks, the attackers steal sensitive data to extort surgeons and patients. This data is enhanced with open-source information for more convincing extortion attempts. The cybercriminals contact targets through various means … Read more