Generative Data Intelligence

Tag: money mules

15 years since Madoff and our obsession with financial crime continues (Alastair Lauder)

Can you believe it’s been 15 years since the Madoff scandal was uncovered? 15 years since the global financial crash. In fact, it was...

Styx Marketplace Provides Hub for Financial Cybercrime

Styx Marketplace, which opened in January, is a new platform on the Dark Web that focuses on financial fraud, designed to provide cybercriminals with the...

Scammer Receives 4-Year Prison Sentence After Being Caught in the US

Tyler Cross Published on: March 31, 2023 Solomon Ekunke Okpe, who is a 31-year-old from Nigeria, has been...

Common WhatsApp scams and how to avoid them

Here’s a roundup of some of the most common tricks that fraudsters use to dupe their victims on WhatsApp – and what you...

How Cybercriminals Are Operationalizing Money Laundering and What to Do About It

It's almost impossible to pinpoint the amount of money that's laundered globally, but conservative estimates put it at anywhere from $800 million to $2...

Feedzai: The State of Global AML Compliance Report

Rising inflation and the increasing likelihood of a recession are contributing to many peoples’ economic anxieties – and enabling criminals to recruit money mules...

S3 Ep109: How one leaked email password could drain your business [Audio + Transcript]

by Paul Ducklin DON’T LET ONE LOUSY EMAIL PASSWORD SINK THE COMPANY Microsoft’s tilt at the MP3 marketplace. Apple’s not-a-zero-day emergency....

FTC: Americans Lost Over $547 Million to Romance Scams in 2021

The US Federal Trade Commission (FTC) said on Thursday that Americans reported record high losses of more than $547 million to romance scams in 2021. This is up 80% compared to 2020 and over 6 times compared to reported losses in 2017. Financial losses originating from romance scams have increased significantly over recent years, with a […]

When love hurts: Watch out for romance scams this Valentine’s Day

Don’t be the next victim – spot the signs of a faux romance in time and send that scammer ‘packing’

The post When love hurts: Watch out for romance scams this Valentine’s Day appeared first on WeLiveSecurity

Finding illicit financial transactions by ignoring them

Firms can utilise AI and ML to create analysis models that can better detect suspicious activity among regular transactions.

Mobile Banking Trojan BRATA Gains New, Dangerous Capabilities

The Android malware tracked as BRATA has been updated with new features that grants it the ability to track device locations and even perform a factory reset in an apparent bid to cover up fraudulent wire transfers. The latest variants, detected late last year, are said to be distributed through a downloader to avoid being detected by security software, Italian cybersecurity firm Cleafy said in

Trickbot Injections Get Harder to Detect & Analyze

The authors of the infamous malware family have added measures for better protecting malicious code injections against inspection and research.

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