Generative artificial intelligence (AI) is making everything easier, including scams. Bloomberg reports that the world’s banking industry is “scrambling” to contain the risk of AI-generated criminal...
Unit21 has raised $45 million in a Series C round to grow the Fintech Fraud DAO consortium. The funding is being used to support a collaborative approach to...
The internet, as businesses commonly knew and used it, ended in 2022. The rise of generative artificial intelligence (AI) has reshaped the information ecosystem that...
Today’s sophisticated cyberfraud landscape requires constant vigilance by merchants against the ever-present threat of bad actors. As companies take crucial steps to update their prevention...
Twenty-one people have been charged with using cryptocurrency to launder money stolen through fraud schemes. The individuals were involved with transnational money laundering networks that...
Apple has stopped over $1.5 billion in possibly fraudulent transactions, a company blog said Wednesday (June 1). The company said it’s stopped more than 1.6...
The FBI said it has identified the hackers who shut down the East Coast’s main gas and diesel pipeline last week as a group from...
For every small merchant that found a way to rewrite itself digitally over the last year or so, it seems there is a cybercriminal waiting...
It has been an unusually active year for fraudsters. According to the Federal Trade Commission (FTC), 2020 saw payments fraud increase by 47 percent as...