A man and woman organized a scheme posting non-existent vehicles for sale on many marketplace and auction websites scamming U.S. car buyers out of over $4 million while running the scheme for nearly three years overseas. Read More
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Fraudsters Target New Zealand Auction Site to Recruit Money Mules
Fraud rings have been trying to increase their membership as they have targeted users of the New Zealand auction website Trade Me with a multi-step scam, taking over sellers’ accounts and using them to recruit money mules. Read More
Amidst Organized Attacks Against Two Major Banks, Cyber Threat Level Raised to “High”
After distributed denial of service attacks disrupted Bank of America and JPMorgan Chase websites in late September the Financial Services Information Sharing and Analysis Center (FS-ISAC) industry group increased their cyber threat level metric from “elevated” to “high.” The attacks may be related to Islamic activists and reactions to a controversial film, or may be organized attacks to divert attention away
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FICO Acquires UK Fraud Prevention Firm Adeptra
In mid-September data analytics provider FICO announced they would acquire Adeptra Ltd., a privately held company based out of the UK offering cloud-based customer engagement and risk intervention solutions, for $115 million in cash. Read More
U.S. and Canadian Authorities Arrest Members of Identity Theft and Card Fraud Rings
Canada’s Regional Fraud Bureau along with Canadian police departments and the U.S. Secret Service carried out a raid on suspected identity fraud rings which resulted in five arrests, over 300 fraud-related charges as well as the confiscation of equipment used for making counterfeit cards and hundreds of thousands of dollars in counterfeit U.S. currency. Read
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Organized Fraud Attack Compromised Merchant POS Systems with Malware
Two men from Romania were extradited to the United States last May after being accused of running a fraud operation that installed malware on point-of-sale computers attacking hundreds of merchants, although mainly Subway restaurants, from 2009 to 2011. In late September the two men plead guilty to multiple charges and will each face time behind
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AntiSec Hackers Claim Data from 12 million Apple Users Stolen from FBI
The hactivist group AntiSec, associated with Anonymous, released a list of one million Apple Unique Device Identifiers (UDIDs) while claiming that it came from a file containing the personal information of 12 million Apple device owners which they hacked from a laptop belonging to an FBI agent. While the one million UDIDs appear to be real, there is not yet evidence
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Fraudsters Copy Legitimate Microsoft Email Days Later in Phishing Scam
Phishing scams can often be convincing, and a recent case of a phishing campaign emulating a legitimate Microsoft email about changes to their Services Agreements just days after the real emails were sent out underscores how quick fraudsters are able to adapt and capitalize on opportunities to deceive consumers. Read More
