Jason Lane-Sellers, director of fraud and identity (EMEA) at LexisNexis Risk Solutions. The dark web is lowering the barrier to entry for fraud, enabling individuals with sufficient IT skills to access tools and expertise to target consumers and businesses. This is according to LexisNexis Risk Solutions in its report: “Fraud for sale: Untangling the dark…
No, helping strangers use their smartphones will not expose you to ‘AI biometric identity fraud’ IN SHORT: Warnings that strangers asking for help using a smartphone may actually be scammers conducting “AI biometric identity fraud” are just scaremongering. Even if well-intentioned, these warnings misrepresent how biometric security and impersonation scams actually work. “STOP HELPING STRANGERS…
The author, Entersekt’s Andries Maritz Rather than new types of fraud, what we’re seeing in the banking sector is a step change in how adaptable, realistic and efficient existing attack patterns have become. Bots can learn, adapt and personalise continuously once they’re interacting with live systems – and the implications for customer exposure are serious….
‘Please Call Me’ inventor Nkosana Makate. ‘Please Call Me’ creator Nkosana Makate says Black Rock Mining’s claim that he owes it money is fraudulent, and there is no basis for arbitration to secure 40% of his settlement with Vodacom, South Africa’s second-largest mobile operator. In December, British Virgin Islands-registered Black Rock Mining lost its battle…
Bonolo Sebolai, head of fraud at TymeBank. The Remote Access Trojan (RAT) attack is one of the fastest growing and most dangerous scams targeting South African consumers, warns Bonolo Sebolai, head of fraud at TymeBank. A RAT is malicious software that allows a fraudster to remotely control a person’s phone or computer. According to TymeBank,…
A former IT operator is accused of exploiting bank systems, causing Standard Bank losses exceeding R1.9 million. A former IT operator at Standard Bank has been released on bail after appearing in court on fraud and theft charges linked to alleged internal system abuse. According to the South African Police Service (SAPS), Vivian Brink, 60,…
The Department of Health and Human Services said Tuesday that it is freezing all federal child care payments to the state of Minnesota in the wake of a viral video that alleged widespread fraud at child care facilities across the state. In a statement and accompanying video on X, Deputy Secretary Jim O’Neill and Assistant…
The EU’s former foreign policy chief, Federica Mogherini, has been accused of fraud as part of an EU investigation into the misuse of funds, the European Public Prosecutor’s Office (EPPO) has said. The EPPO said searches were carried out on Tuesday at the College of Europe in Bruges, Belgium, headed by Ms Mogherini, as well…
AI scams and fraud continue to evolve. Entersekt, which positions itself as a global leader in digital banking fraud prevention and payment security, today launched the latest enhancements to its modernised digital banking authentication platform. These include Entersekt Orkestrate, a pre-packaged, low-code integration solution that makes it faster and easier to add pre-orchestrated, AI-powered Context…
New York Attorney General Letitia James has pleaded not guilty to federal charges of bank fraud and making false statements to a financial institution. James appeared in court in US District Court in Norfolk, Virginia, on Friday during a brief hearing where her legal team asked for a speedy trial. Speaking outside of the courthouse…
