Cybercrime

Cybercrime, or computer-oriented crime, is a crime that involves a computer and a network. The computer may have been used in the commission of a crime, or it may be the target.

Source: en.wikipedia.org

FTC: Cross-Border Fraud Cost Consumers $5.2 Billion 
FTC: Cross-Border Fraud Cost Consumers $5.2 Billion 
October 20, 2023  |  Fraud Attack

A new report by the Federal Trade Commission (FTC) shows the extent of the problem of cross-border fraud. Since the FTC began monitoring complaints on...

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Bitcoin ATM Installations Plummet to Two-Year Low
Bitcoin ATM Installations Plummet to Two-Year Low
October 19, 2023  |  Cryptocurrency

The number of bitcoin ATMs worldwide have hit a two-year low. Over the past year, the number of bitcoin ATMs available has declined by 7,000,...

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Banks Combine AI and Communication to Combat the Rising Threat of Payment Fraud
Banks Combine AI and Communication to Combat the Rising Threat of Payment Fraud
October 16, 2023  |  Security & Fraud

With the rise of digital transactions and online services, fraud has become an increasing concern for both consumers and businesses. In March 2023, for example,...

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Report: Hacker Group Scattered Spider Behind Clorox Cybersecurity Breach
Report: Hacker Group Scattered Spider Behind Clorox Cybersecurity Breach
October 04, 2023  |  Cybersecurity

In recent months, a group of hackers known as “Scattered Spider” has been making headlines for their involvement in major cyberattacks. This group, known for...

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Visa Teams With Expel to Tackle $10.5 Trillion Cybercrime Threat
Visa Teams With Expel to Tackle $10.5 Trillion Cybercrime Threat
October 02, 2023  |  Security & Fraud

Visa has teamed with security firm Expel to help customers guard themselves against cybercrime. The partnership, announced Monday (Oct. 2), is aimed at helping businesses address the rising...

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Report: Revolut Probed Over Transactions From Suspicious Accounts
Report: Revolut Probed Over Transactions From Suspicious Accounts
October 01, 2023  |  Regulation

England’s financial regulator is reportedly examining whether Revolut permitted transactions involving suspicious accounts. Revolut is in discussions with the U.K. Financial Conduct Authority (FCA) over failures that...

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Mixin Network Crypto Hackers Swipe $200 Million
Mixin Network Crypto Hackers Swipe $200 Million
September 25, 2023  |  Cryptocurrency

Digital asset transaction network Mixin has halted withdrawals and deposits following a $200 million hack. In a post on Twitter/X Sunday (Sept. 24) night, the company said the attack...

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Visa: AI Helps Combat the ‘Democratization’ of Cybercrime and Ransomware
Visa: AI Helps Combat the ‘Democratization’ of Cybercrime and Ransomware
September 05, 2023  |  Fraud Prevention

Michael Jabbara, vice president and global head of fraud services at Visa, told PYMNTS the fraud game is changing. Up until recently, he said, “you...

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Largest U.S.-Led Operation Takes Down Qakbot Botnet and Malware
Largest U.S.-Led Operation Takes Down Qakbot Botnet and Malware
August 29, 2023  |  Cybersecurity

An international operation has disrupted a major botnet and malware that had caused millions of dollars in damage. Law enforcement agencies from the United States,...

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