Deduce Raises $9 Million to Fight AI-Generated Identity Fraud

Deduce has raised $9 million in a new funding round led by Freestyle Capital, to launch its AI-generated identity fraud prevention platform.
The post Deduce Raises $9 Million to Fight AI-Generated Identity Fraud appeared first on SecurityWeek.
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Modernizing fraud prevention with machine learning

The number of digital transactions has skyrocketed. As consumers continue to spend and interact online, they have growing expectations for security and identity verification. As fraudsters become savvier and more opportunistic, there’s an increased nee… Continue reading Modernizing fraud prevention with machine learning

Latest fraud schemes targeting the payments ecosystem

Threat actors continued to exploit technical misconfigurations through various fraud schemes, according to a new report from Visa. These include the use of malvertising and search engine optimization (SEO) techniques to cultivate compelling and effecti… Continue reading Latest fraud schemes targeting the payments ecosystem

Global roaming fraud losses to surpass $8 billion by 2028

Losses from global roaming fraud are anticipated to exceed $8 billion by 2028; driven by the increase in bilateral roaming agreements for data-intensive use cases over 5G networks, according to Juniper Research. In turn, it predicts fraudulent data tra… Continue reading Global roaming fraud losses to surpass $8 billion by 2028

Crooks Using Stealers and Stolen Cookies to Hack Airbnb Accounts

By Waqas
If you are an Airbnb user, you need to be vigilant against cybercriminals who are targeting your device, personal, and financial information.
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Identity Theft from 1965 Uncovered through Face Recognition

Interesting story:

Napoleon Gonzalez, of Etna, assumed the identity of his brother in 1965, a quarter century after his sibling’s death as an infant, and used the stolen identity to obtain Social Security benefits under both identities, multiple passports and state identification cards, law enforcement officials said.

[…]

A new investigation was launched in 2020 after facial identification software indicated Gonzalez’s face was on two state identification cards.

The facial recognition technology is used by the Maine Bureau of Motor Vehicles to ensure no one obtains multiple credentials or credentials under someone else’s name, said Emily Cook, spokesperson for the secretary of state’s office…

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Kroll SIM-Swapping Attack Causes Data Breach at 3 Top Crypto Firms

By Habiba Rashid
Cryptocurrency firms, including FTX, BlockFi, and Genesis, have contacted victims of data breaches caused by a sim-swapping attack…
This is a post from HackRead.com Read the original post: Kroll SIM-Swapping Attack Causes Data Br… Continue reading Kroll SIM-Swapping Attack Causes Data Breach at 3 Top Crypto Firms

Bank employees asked random 2 characters of password during verification! [duplicate]

Let me ask to experts how bank BBVA and Santander en España can check dedicated digits of my password during call to their hot line?
They said me that it is verification procedure but I am not sure it is safe because every call they ask di… Continue reading Bank employees asked random 2 characters of password during verification! [duplicate]