This article discusses an e-commerce fraud technique in the UK. Because the Royal Mail only tracks packages to the postcode — and not to the address – it’s possible to commit a variety of different frauds. Tracking systems that rely on signature are not similarly vulnerable. Powered by WPeMatico
Category: fraud
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This seems to be an identity theft first: Criminals used artificial intelligence-based software to impersonate a chief executive’s voice and demand a fraudulent transfer of €220,000 ($243,000) in March in what cybercrime experts described as an unusual case of artificial intelligence being used in hacking. Another news article. Powered by WPeMatico
Interesting analysis of the possibility, feasibility, and efficacy of deliberately fake scientific research, something I had previously speculated about. Powered by WPeMatico
Interesting article on people using banks of smartphones to commit ad fraud for profit. No one knows how prevalent ad fraud is on the Internet. I believe it is surprisingly high — here’s an article that places losses between $6.5 and $19 billion annually — and something companies like Google and Facebook would prefer remain … Read More “Phone Pfarming for Ad Fraud” »
Reuters has a long article on the Chinese government APT attack called Cloud Hopper. It was much bigger than originally reported. The hacking campaign, known as “Cloud Hopper,” was the subject of a U.S. indictment in December that accused two Chinese nationals of identity theft and fraud. Prosecutors described an elaborate operation that victimized multiple … Read More “Details of the Cloud Hopper Attacks” »
ProPublica is reporting on companies that pretend to recover data locked up by ransomware, but just secretly pay the hackers and then mark up the cost to the victims. Powered by WPeMatico
Forget deep fakes. Someone wearing a latex mask fooled people on video calls for a period of two years, successfully scamming 80 million euros from rich French citizens. Powered by WPeMatico
Interesting story of an old-school remote-deposit capture fraud scam, wrapped up in a fake employment scam. Slashdot thread. Powered by WPeMatico
Really interesting paper calculating the worldwide cost of cybercrime: Abstract: In 2012 we presented the first systematic study of the costs of cybercrime. In this paper,we report what has changed in the seven years since. The period has seen major platform evolution, with the mobile phone replacing the PC and laptop as the consumer terminal … Read More “The Cost of Cybercrime” »
The term “fake news” has lost much of its meaning, but it describes a real and dangerous Internet trend. Because it’s hard for many people to differentiate a real news site from a fraudulent one, they can be hoodwinked by fictitious news stories pretending to be real. The result is that otherwise reasonable people believe … Read More “Fraudulent Academic Papers” »
