PYMNTS

APRIL 15, 2019

The marketplace operators sell the data to cybercriminals who use it for identity theft, online fraud and other crimes – and the data is worth anywhere from $5 to $200. Phishing for Paychecks. HR departments need be on the alert for a new type of phishing scam that asks for reroutes on direct deposit accounts, CNBC reported.

Money Laundering 51

Money Laundering Wires Wire Identity Theft 51

PYMNTS

SEPTEMBER 24, 2019

Criminals will get this info through hacking or by social engineering and phishing. Most will target banks because of the high number of accounts, but casinos, customers, insurance companies and money services are all attractive targets. . financial system have had some information about themselves … compromised at some point.”.

Fincen 71

Fincen Account Takeovers Identity Theft Financial Crimes 71

Clearly Payments

MARCH 4, 2024

The stolen data was then exfiltrated from the network and, ultimately, used for fraudulent purposes, including unauthorized purchases and identity theft. Operation Phish Phry (2009) Operation Phish Phry stands as a testament to the cunning and audacity of cyber criminals orchestrating large-scale payment processing fraud.

Phishing 59

Phishing Data Breach Law Enforcement Money Laundering 59

PYMNTS

MAY 1, 2017

Phishing attacks can happen to even the most vigilant among us. The DoJ has since charged Rimašauskas with one count of money wire fraud, three counts of money laundering and one count of aggravated identity theft. It doesn’t matter where or who you are. At the end of March , the U.S.

Scams 47

Scams Business Email Compromise Email Compromise Identity Theft 47

Seon

SEPTEMBER 11, 2023

As neobanks evolve, the one downside of their innovation is that it opens up many new methods of attack for fraudsters, such as identity theft, fraud rings, and account takeover attacks. Identity theft: Scammers can commit identity theft by using methods like phishing and vishing to impersonate genuine users.

Identity Theft 52

Identity Theft Money Laundering Account Takeovers Fraud Prevention 52

Seon

JUNE 27, 2024

AI’s capabilities, like machine learning algorithms, are being trained to identify and exploit vulnerabilities, automate phishing attacks and bypass traditional security measures. AI can generate synthetic identities, create deepfakes and lead other persuasive and difficult-to-detect social engineering tactics.

Cybersecurity 52

Cybersecurity Fraud Detection Identity Theft Money Laundering 52

The Fintech Times

MARCH 6, 2024

Seventy-three per cent of respondents expect an uptick in these types of fraud: phishing, synthetic fraud, identity theft, account takeovers (ATO) and money-laundering. In fact, 71 per cent of respondents named it as the number one issue, particularly in automated attacks and deepfake technologies.

AI 59

AI Fraud Prevention Identity Theft Account Takeovers 59