World grapples with rise in cyber crime
International law enforcement agencies say the recent $45 million dollar ATM heist is just one of many scams they're fighting in an unprecedented wave of sophisticated cyberattacks.
View ArticleCredit card fraudsters quickly exposed
Most people feel safe from fraudsters if their credit card is safely tucked away in their wallet. But they shouldn't: in most cases, thieves only need card numbers and information. A new software can...
View ArticleSeven charged in $6B online money laundering case
Calling it perhaps the biggest money laundering scheme in U.S. history, federal prosecutors charged seven people Tuesday with running what amounted to an online, underworld bank that handled $6 billion...
View ArticleUkrainian sent to US prison in cybercrime case
A Ukrainian national who admitted to setting up a huge online marketplace for stolen financial data was sentenced to serve 18 years in a US prison Thursday, officials said.
View ArticleFury and frustration over Target data breach (Update)
Potential victims of credit card fraud tied to Target's security breach said they had trouble contacting the discounter through its website and call centers.
View ArticleSKorea credit card data theft highlights lapses
A massive theft of customer data from three major credit card firms in South Korea has shown security lapses in the financial industry.
View ArticleUS 'committed' to hunting down Target hackers
Authorities are committed to hunting down the hackers blamed for a massive data breach at US retail giant Target, Attorney General Eric Holder said Wednesday.
View ArticleResearch explores the games people play on credit applications
As it stands, it's possible for you to play your bank and get approval for a loan that, maybe, you shouldn't be granted.
View ArticleMany home computer users "too lazy" to protect online security
Nicole Braun, who will be graduating in May with a PhD in Information Systems, set out to understand why many home users do not adequately protect themselves online, despite extensive media coverage...
View ArticleSpace simulation technologies inspire anti-fraud systems on Earth
Drawing on their experience building complex software for simulating spaceflight, Portuguese scientists have created a 21st-century way of detecting banking fraud here on Earth.
View ArticleIn the web's hidden darknet, criminal enterprise is thriving
Criminals have always done their best to use new technology to their advantage and the rapid development of new digital technologies and online markets has provided the criminal entrepreneur with as...
View ArticleVirtual currency founder pleads not guilty in New York
A man accused of founding an online underworld bank that allegedly laundered $6 billion for criminals, including child pornographers and drug traffickers, pleaded not guilty in New York on Tuesday.
View ArticleObama unveils new measures to stem identity theft
US President Barack Obama on Friday ordered "pin and chip" security measures for government payment systems, aiming to stem the proliferation of credit card fraud and identity theft.
View ArticleIt can happen to anyone: Obama's credit card declined
Apparently, even the president of the United States can have trouble with his credit card.
View ArticleFraud-proof credit cards possible with quantum physics
Credit card fraud and identify theft are serious problems for consumers and industries. Though corporations and individuals work to improve safeguards, it has become increasingly difficult to protect...
View ArticleCorrection: Visa-Travel Tracker story
Those days of calling your bank to let them know that, yes, you really are in Thailand, and yes, you really did use your credit card to buy $200 in sarongs, may be coming to an end.
View ArticleCyber crime and identity theft weighing on property crime rates, says study
The U.S. crime rate continues to fall, according to the latest FBI's release based on Uniform Crime Reporting from police departments, but researchers say those numbers, which have been on a downward...
View ArticlePrevalence of financial fraud means consumers should be proactive
In a world where data breaches, credit card fraud and identity theft are becoming more common, consumers should consider ways to protect themselves. Elizabeth Kiss, faculty member in Kansas State...
View ArticleCharges: Russian stole data from restaurants, zoo
A Russian man recently arrested on bank fraud and other charges hacked into computers at restaurants in Western Washington, hundreds of other retail businesses, and even the Phoenix Zoo, U.S....
View ArticleBanks harvest callers' voiceprints to fight fraud
(AP)—The caller said her home had burned down and her husband had been badly hurt in the blaze. On the telephone with her bank, she pleaded for a replacement credit card at her new address.
View ArticleWhy Americans are getting new credit cards
A big change is happening inside your wallet.
View ArticleEstonia citizen pleads guilty in NYC to cyberfraud charge
A man portrayed as a ringleader in an international cyber scam that infected more than 4 million computers in over 100 countries pleaded guilty Wednesday.
View ArticleLawsuits against Ashley Madison over hack face tough road
The release of the names and personal information of millions of potentially cheating spouses around the world will undoubtedly have disastrous consequences for many couples, but Ashley Madison members...
View Article'SafePay': First anti-fraud system to use existing credit card readers
From large-scale data breaches such as the 2013 Target case to local schemes that use skimming devices to steal data at the gas pump, credit card fraud is becoming commonplace. The key challenge is...
View ArticleHere's why Americans are getting new credit and debit cards
The battle against credit card fraud is inching forward. As of Thursday, the liability for fraud committed using traditional MasterCard and Visa magnetic-stripe credit and debit cards will shift from...
View ArticleMachine learning and big data know it wasn't you who just swiped your credit...
You're sitting at home minding your own business when you get a call from your credit card's fraud detection unit asking if you've just made a purchase at a department store in your city. It wasn't you...
View ArticleHow Experian is turning big data into big dollars
At Experian DataLabs, a team of scientists is thwarting bad guys with math.
View ArticleDon't get cyber-Scrooged! Tips for safe online shopping
'Tis the season to be jolly—but it's also the season for identity theft, phishing and credit card fraud.
View ArticlePhone scams cost billions. Why isn't technology being used to stop them?
World-wide, credit card fraud and other scams cost the public billions of dollars. While credit card fraud is the clear leader in sheer volume of money lost, "regular scams" still result in a...
View ArticleRussian cyber hacker pleads guilty in identity theft case
A Russian cybercriminal identified as a leader of a $50 million identity theft and credit card fraud ring has pleaded guilty in Atlanta to helping to steal millions of debit card numbers and swiftly...
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