security & fraud

Report: Hackers Seized McDonald’s Instagram Account for ‘Rug Pull’ Scam
Report: Hackers Seized McDonald’s Instagram Account for ‘Rug Pull’ Scam
August 21, 2024  |  Security & Fraud

McDonald’s reportedly suffered a hack of its Instagram account Wednesday (Aug. 21), with the hackers claiming they used the fast-food giant’s account to promote a...

READ MORE >
Social Security Number Hack May Produce New Fraud Vector
Social Security Number Hack May Produce New Fraud Vector
August 18, 2024  |  Security & Fraud

Earlier this year, hackers stole the data of 2.9 billion people from a broker. Now, that breach threatens to usher in a wave of identity...

READ MORE >
Why Business Email Compromise Scams Target Valuable B2B Relationships
Why Business Email Compromise Scams Target Valuable B2B Relationships
August 14, 2024  |  Security & Fraud

Email remains a cornerstone of communication, especially within business-to-business (B2B) relationships. This reliance on email, however, has also made it a prime target for savvy...

READ MORE >
Axiad Raises $25 Million to Bolster ID Verification Offerings
Axiad Raises $25 Million to Bolster ID Verification Offerings
August 04, 2024  |  Security & Fraud

Identity security firm Axiad has raised $25 million in a new funding round. The financing, announced last week, will be used for product development, hiring,...

READ MORE >
More Than Half of US Consumers Use P2P Apps to Send Money
More Than Half of US Consumers Use P2P Apps to Send Money
August 02, 2024  |  Security & Fraud

Consumers are turning to peer-to-peer (P2P) apps like Venmo and Zelle for quick and easy money transfers. But while these services have become ubiquitous, concerns...

READ MORE >
Push Payments Fraud in UK Hit $433 Million in 2023
Push Payments Fraud in UK Hit $433 Million in 2023
August 01, 2024  |  Security & Fraud

Push payments fraud in the U.K. increased in volume last year, while declining in value. That’s according to a report issued Thursday (Aug. 1) by...

READ MORE >
Security Summit Alerts Tax Professionals to Growing Threat of Identity Theft
Security Summit Alerts Tax Professionals to Growing Threat of Identity Theft
July 24, 2024  |  Security & Fraud

The Security Summit has issued a stern warning to tax professionals, urging them to heighten their awareness of indicators of identity theft as part of...

READ MORE >
Visa: AI Helped Block 80 Million Fraudulent Transactions in 2023
Visa: AI Helped Block 80 Million Fraudulent Transactions in 2023
July 23, 2024  |  artificial intelligence

Visa’s investments in artificial intelligence (AI) and other technology reportedly enabled the payments processor to block 80 million fraudulent transactions worth $40 billion in 2023....

READ MORE >
Report: Revolut Leads UK Scam Complaints Amid APP Fraud Surge
Report: Revolut Leads UK Scam Complaints Amid APP Fraud Surge
July 21, 2024  |  Security & Fraud

Revolut has reportedly denied thousands of British customers reimbursement requests after they were defrauded. This has led many of these consumers to seek help from...

READ MORE >