Starting in late 2013 and continuing through to the spring of 2014, a series of ever larger security breaches of major American retailers were announced to the public. The latest, Home Depot, was hit by BlackPOS, the same malware used to pull customer data from Target’s point-of-sale machines. Millions have been spent trying to assure customers and repair brand damage, millions more lost as the news directly affected bottom lines from the holiday season onward. What’s worse is that many
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An international cybercrime ring that has stolen $530 million has been dismantled, arresting 36 people. Is this all good news? Let’s start with the good news: today, after you buy an online gift for your Valentine, you can be less worried about finding a nasty surprise in your bill sponsored by Infraud. The U.S. Department of Justice announced the arrest of 36 people for their relation to the Infraud organization, short for In Fraud We Trust. The global …
Is the most tech-savvy generation also the least careful online? Not exactly. Billions of stolen personal records are flying around the cybersphere, $16.8 billion were stolen last year in the U.S alone. And yet, millennials are the least worried about fraud. Why is that? Steve is 28 years old, has at least three online devices, only watches streaming media on his smart TV, and relies on Google to find the closest pizza joint when he is hungry. Steve 
We looked back at what happened in the backstage of fraud during the holiday season and found some eye-opening stats. Remember when we were all excited about the holidays, the friends and family gatherings, and the curling-up-under-the-blanket evenings? Now is time to look at the flip side of the coin: what did fraudsters do while we were opening presents or taking a well-deserved break, trying to snatch that 50% off Instapot or clearing out the driveway for sledding? They were 
Remember when the U.S. tax refund scam hit $21 billion? Since, IRS has developed anti-fraud strategies, but there is still room for fraud creativity. Tax refund fraud continues to cost the U.S. government millions of dollars. The most damaging one – and the one that set off the alarms in 2015 – is identity theft. How tax refund fraud works In this scheme, the bad actor creates a bogus tax return under a real person’s name and collects the refund.