Fraud Prevention
Fraud Blog posts tagged “Fraud Prevention”.
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…
Nov 2, 2021 · 2 min read Case StudiesEleven Florida Identity Tax Return Fraud Ring Members Arrested
Tax refund fraud is a growing crime that costs the federal government billions each year. Eleven members of an identity fraud ring…
Nov 2, 2021 · 2 min read Fraud PreventionFBI Charges Creators and Distributor of Gozi Malware
Three sophisticated fraudsters behind the malware Gozi, which infected over one million computers including hundreds at NASA, have been…
Nov 2, 2021 · 2 min read Fraud PreventionFinancial Institutions Buy Top-Level Domains to Combat Phishing and Pharming
Major financial institutions have invested millions in new top-level domains that will be exclusive to their brand while financial industry…
Nov 2, 2021 · 2 min read Case StudiesFraudsters 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…
Nov 2, 2021 · 2 min read Case StudiesFraudsters 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…
Nov 2, 2021 · 2 min read Case StudiesIncreased Credit Limits with Fake Identities Stealing $200 Million
Eighteen members of a sophisticated fraud ring operating out of New Jersey were arrested in early February for their massive scam creating…
Nov 2, 2021 · 2 min read Case StudiesMicrosoft and Symantec Shutdown Massive Botnet
The Bamital botnet, assembled by an organized group of fraudsters to commit click fraud, infected hundreds of thousands of computers but…
Nov 2, 2021 · 2 min read Fraud PreventionOFAC List Equivalents in the UK
There are many similarities to doing business online in the United States and the United Kingdom, and while similar rules or regulations…
Nov 2, 2021 · 2 min read Case StudiesOrchestrated Global Attacks Steal $11 Million with Prepaid Card ATM Withdrawals
In a highly organized and orchestrated attack, money mules across the world cashed out prepaid debit cards withdrawing millions of dollars…
Nov 2, 2021 · 2 min read Fraud PreventionProactive Techniques for Avoiding Chargebacks
Chargebacks cost merchants beyond the lost sale and merchandise and in many cases it is in a merchant’s best interest to resolve customer…
Nov 2, 2021 · 4 min read Fraud PreventionRepeat Friendly Fraudsters Caught for Commission Scam
Two U.S. brother’s, Andrew and Allen Chiu, we’re blocked from making purchases from Nordstrom.com after excessive chargeback claims and…
Nov 2, 2021 · 2 min read