fraud

The US Treasury Department has accused Bill Guan, CFO of the international media company Epoch Times, of organizing a scheme to launder at least $67 million of illegally obtained funds through cryptocurrencies. According to the case file, from 2020 to May 2024, Guan created the Make Money...

85-year-old David Kagel, a former lawyer from California, admitted his role in creating a $9.5 million cryptocurrency fraud scheme. A year ago, David Kagel was expelled from the California Bar Association. Therefore, he decided to make money in another way ― using his "reputation as an...

Modern technologies such as EMV, 3D-Secure, fingerprint scanning were designed to secure payments and, if not eliminate, then significantly reduce the number of illegal card transactions. But, as research shows, these measures provide only temporary “relief”, because scammers quickly find new...

Another scenario of fraud using plastic bank cards. The most vulnerable are Sberbank cards suitable for payments on the Internet - starting from Visa Classic and MasterCard Standard. Owners of “salary” Maestro and other Momentum are not subject to this technique. A small educational program 1...

An article from November 2015 described the situation with a relatively new type of fraud, with the help of which criminals stole money from bank accounts: Hackers invented a new scheme for stealing money, stealing 250 million rubles. How exactly the fraud occurred, briefly: The criminal...

A new type of credit card reader (skimmer) has been discovered in Europe. This is reported in his blog by security specialist Brian Krebs, who received information from the European ATM Security Team, a non-profit organization dealing with ATM security issues. Instead of classic overlay...

Cybercriminals use multiaccounts to deceive bookmakers and make large profits. In the first quarter of 2024, the information security company F. A. C. C. T. prevented fraudulent activity of more than 3,000 multi-user accounts in betting companies. Cybercriminals who control 5-10 accounts each...

It looks like the scammer used something like this attachment on the terminal. Technologies are moving forward very quickly now. This is noticeable in any area, including financial. In the vast majority of stores you can pay by card. With the same card you can withdraw money from an ATM, or pay...

Not long ago, imprinters (handheld card readers) were the norm at checkout counters. The buyer waited while the cashier used this bulky device to take down the card information and place the order. Today we have contactless payments, and with them it is much easier and faster to pay for...

The investigative unit for the investigation of organized criminal activities of the Investigative Department of the Ministry of Internal Affairs of Russia for the Chukotka Autonomous Okrug established that crimes were committed on the territory of correctional institutions of the Ulyanovsk...

This time the malware went far beyond Latin America… The hacker group behind the Grandoreiro banking Trojan for Windows has resumed its global campaign since March 2024, following a law enforcement operation to dismantle its infrastructure in January. According to IBM X-Force, large-scale...

How to avoid scammers and what to do if you were scammed. Easy money on the Internet is almost always a scam. Pyramid schemes, online casinos, beauties from a dating site that promise to earn money on cryptocurrency, iPhones at half price, sites with free music or movies — all this is a chance...

The Civil Guard has arrested 30 people in different regions of Spain suspected of defrauding victims from different countries, including Portugal, of more than a million euros, using a scheme commonly known as "man in the middle". Among those arrested are two leaders of a criminal organization...

The investigative unit of the Main Investigation Department of the Main Directorate of the Ministry of Internal Affairs of the Russian Federation for the Stavropol Territory has completed the investigation of a criminal case initiated on the grounds of crimes under hh. 1 and 2 of Article 210 and...

The young man deceived ten citizens from different regions of the country in two months. Investigators informed the offender of the suspicion. He faces up to three years in prison. In the police department No. 4 of the Odessa District Police Department No. 1, an Odessa resident turned and said...

The term fraud now means any fraud in IT. Carding refers to any illegal operations with a bank card. We specialize in preventing card fraud in e-commerce. The problem is that when starting a business online, entrepreneurs tend to think first about the cost of accepting payments and know little...

For a long time, the term "Deepfake" was perceived as an application where you can substitute faces in a video. This was facilitated by the fact that the technology received the most publicity first on image boards, such as Reddit, and then moved to social networks, including TikTok, where it...

Employees of the UBK of the Ministry of Internal Affairs of Russia together with their Saratov colleagues detained two local residents. They are suspected of multi-million dollar fraud. "It was previously established that the attackers discovered a software vulnerability in the system of the...

The Japanese police used their example to show an effective way to protect citizens from money theft. The vx-underground service reports that the Japanese police have implemented an unusual method of combating fraud aimed at the elderly. Fake payment cards designed to warn victims of online...

The SEC has filed a lawsuit against the mining company Geosyn Mining and its two co-founders on charges of unregistered and fraudulent securities offering. According to the regulator, the firm, Caleb Ward (CEO) and Jeremy McNutt (COO) raised approximately $5.6 million from more than 60...