Romanian law enforcement authorities have dismantled a criminal group that stole credit card data from foreign companies as part of an operation that resulted in fraudulent transactions totaling US$25 million.
Skype has been battling wily adversaries who are abusing the Internet calling application to direct people to scam websites, but the Microsoft-owned service says the sham calls are decreasing.
What CFOs can do to help protect their organisations from the catastrophic effects of fraud.
Four residents of Romania have been charged for their alleged participation in a multimillion-dollar scheme to remotely access point-of-sale systems at more than 150 Subway restaurants and other U.S. merchants and steal payment card data, the U.S. Department of Justice said.
Some Australian companies overlook internal security and rogue employees are getting away with millions of dollars, according to KPMG Forensic Australia associate director, Stan Gallo.
As the ‘silly season’ approaches fast, SCAMwatch has advised expectant travellers to check the authenticity of flight booking websites before making any reservations for domestic and international travel.
Researchers from browser security vendor Trusteer have identified a new variant of the SpyEye financial Trojan that tricks online banking users into changing the phone numbers associated with their accounts.
Online banking fraud losses in the U.K. fell 32 percent in the first half of the year, according to figures from U.K. banks released on Wednesday. The decline is due to the increased use of fraud detection software by banks, an industry group said.
Research out of the UK today says that perhaps as many as 200,00 people have been victims of online romance scams and the same study says over 1 million people personally know someone who has been scammed by one of these heartless fraudsters.
Romania has long been considered a hotbed for cybercriminal activity, but in recent years law enforcement authorities have made significant efforts to crack down on online fraud gangs that steal millions every year from victims worldwide.
Two U.S. government agencies have begun to return US$55 million in forfeited funds from a Web-based operation accused by investigators of being a massive Ponzi scheme, the U.S. Department of Justice and U.S. Secret Service announced Monday.
U.S. government agencies are getting better at sharing information about cyberattacks with private companies, but cybercrime shows no signs of slowing down, cybersecurity experts told lawmakers Wednesday.
A Finnish penetration testing company has released a free tool it says can detect all variants of five major families of malicious software that steal online banking credentials.
A dangerous piece of malicious code responsible for stealing money from online bank accounts is being updated with new functions after its source code was leaked earlier this year, according to security researchers.
Ukraine's security service SBU said Monday it had arrested four people for allegedly creating fake payment cards with stolen information in an operation estimated to have caused US$20 million in damages.