Category: Other Fraud News

Cybercrime now affecting more people than any other crime

The absurd and unrealistic forecasts seen in many Hollywood films have become reality. According to the United Kingdom’s National Crime Agency, organised cybercrime is now affecting more people than any other form of crime – including drugs, firearms, organised immigration crime, and money laundering. Not because it is replacing these other forms of cybercrime, but […]

Equifax Hackers Stole 200k Credit Card Accounts

Visa and MasterCard are sending confidential alerts to financial institutions across the United States this week, warning them about more than 200,000 credit cards that were stolen in the epic data breach announced last week at big-three credit bureau Equifax. At first glance, the private notices obtained by KrebsOnSecurity appear to suggest that hackers initially breached Equifax […]

Identity theft at epidemic levels, warns Cifas

Identity theft is reaching “epidemic levels”, according to a fraud prevention group, with people in their 30s the most targeted group. ID fraudsters obtain personal information before pretending to be that individual and apply for loans or store cards in their name. A total of 89,000 cases were recorded in the first six months of […]

£500 device can hack hundreds of contactless cards

A device that allows criminals to clone contactless bank cards in bulk is up for sale on the so-called dark web. The Contactless Infusion X5 can steal information from nearby cards, including the card number and the card holder’s name and address. This information can then be loaded onto blank cards to create clones that […]

£2.75m Boiler Room Scam

The alleged investment fraud tactic known as ‘boiler room’ has continued operating for over a year. The U.K. Financial Conduct Authority has charged a group of five individuals with investment fraud. The allegations against Michael Nascimento, Hugh Edwards, Stuart Rea, Ryan Parker (previously known as Ryan Sell) and Jeannine Lewis come under a thorough investigation […]

Fraudsters steal £9bn from Britain’s small businesses

Britain’s small businesses are losing more than £9bn a year to fraudsters who send false invoices, viruses posing as bills, or who pose as suppliers on the phone, it has emerged. Of more than 1,000 small-to-medium sized businesses (SMEs) surveyed by invoice network Tungsten, almost half had received a suspicious invoice or been a victim […]

Email ‘most popular phishing tool’

Cyber-thieves are sticking to email as their preferred way to trick victims into falling for scams, suggests a report. The online crime groups were shunning mobiles and newer technologies in favour of phishing campaigns, said the report from Verizon. The annual analysis catalogues more than 100,000 security incidents that hit thousands of companies in 2015. […]

Massive boiler room scam

Fraudsters who conducted one of the largest boiler room fraud schemes ever pursued by a UK authority have been ordered to pay their victims £11m ($15.8m, €13.9m) in compensation, the UK’s Serious Fraud Office (SFO) has revealed. When the investors came to sell the shares after the expiry of this period, they often found that […]

Criminals hack into wi-fi hotspots to get bank details

Criminals are hacking into public and commercial wi-fi hotspots to steal people’s private data and credit card details, police warned today. Detectives say victims of the attacks are often not aware of how cyber-hackers gained access to their bank accounts, and warn that the attacks are hugely under-reported. Only 33 people have said they have […]