Fraud detection systems can lock accounts when people travel, but location-sensing smartphone software now can help approve a legitimate transaction. It’s a common problem for people who travel: you’re try to buy something far from home, but the credit card company won’t approve the transaction because it fears your card was stolen. New software running […]
Category: Latest Fraud News
Airlines to accept Bitcoins
UATP, the low cost payment network privately owned by the world’s airlines, has teamed up with Bitnet as a payment processing partner. This will allow UATP to offer its network of over 260 airlines the ability to accept bitcoin payments in a simplified manner. Ralph Kaiser, president and chief executive of UATP, said: “We are […]
Bolton man charged over Hajj holiday fraud
A man has been charged over the false advertisement and sale of £3,000 Hajj package holidays on a TV channel. Mudassir Shaheen, 37, of Green Lane in Bolton, Greater Manchester, is charged with 11 counts of money laundering. It follows a police probe into claims 11 Muslim families who bought the holidays, which included a […]
US to Create New Federal Cybersecurity Agency
The United States is creating a new cybersecurity agency to sniff out cyber-threats and centralize threat intelligence for use by existing federal agencies. The White House counter-terrorism coordinator, Lisa Monaco, will officially announce the new center. While the National Security Agency, Department of Homeland Security, the FBI and the CIA all have cyber practices and […]
M-commerce Fraud
Mobile e-commerce is still a nascent space, but growing fast: More than 200 million devices worldwide are now making regular purchases through mobile browsers and mobile applications. That offers a vast new playground for fraudsters, who will look to take advantage of immature security approaches in the space. According to a mobile commerce study by […]
Fraud in credit cards fall 26% since 2008
The card fraud losses dropping 26% from £609.9m in 2008, the time when fraud was at its height, to £450.4m in 2013. The Financial Fraud Action UK (FFA UK) is an organisation which lead the fight against the financial fraud in the UK. Sponsored by the UK Cards Association for its attempts to prevent fraud […]
Conman in holiday scam ordered to repay just £1
A smiling conman who netted over £100,000 from a holiday scam has been ordered to repay just £1 by the courts after it was found he has no assets. Dean Oliver, 46, who was pictured grinning following a Birmingham Crown Court appearance, was eventually jailed for three years for the con which saw 19 holiday […]
BVRLA & Hill Dickinson launch counter fraud initiative
BVRLA and Hill Dickinson are partnering to undertake an analysis of insurance claims fraud within the self-drive hire sector. Findings will be used to create a solution to manage future risk and support the detection and prevention of fraudulent claims. The initiative builds on previous analysis undertaken by Hill Dickinson in 2014 with the support […]
Man Pleads Guilty in Airline Ticket Scam
A man posing as an airline employee pleaded guilty on Wednesday to conspiracy to commit wire fraud, a charge that carries a sentence of up to 20 years in prison. Gilbert Myers Jr., 38, of Atlanta, admitted his role in an elaborate scam to defraud airlines. His guilty plea was part of an agreement with […]
OTA owner jailed for theft and money laundering
The owner of an online travel agency based on the Isle of Man was jailed last week after pleading guilty to theft and money laundering. Craig Jay of Cambridge Terrace, Douglas, was sentenced on Friday (January 23) alongside his accomplice Brian Penrose of Chignal Smealey, Chelmsford, Essex. Link to article
Fake Travel Agency
This is one of the most common travel scams, especially when hot destinations are on everybody’s mind. Tricksters create great websites for “new” travel agencies offering amazing deals. Wouldn’t you like to brag to your friends that you went to the Mayan Riviera for $350? Link to article
Fraud at United and American Airlines
Ten thousand American Airlines, and three dozen United Airlines, accounts were targets of fraud, with criminals reusing credentials to access customer loyalty reward points and use them to book or upgrade flights late last month, according to recent reports. The loyalty program accounts breach, American’s AAdvantage and United’s MileagePlus, is reminiscent of a similar attack […]
Man pleads guilty in airline-booking scam
A Georgia man who posed as an airline employee to make cut-rate reservations, then resold the tickets for thousands of dollars, pleaded guilty Wednesday to conspiracy to commit wire fraud. Gilbert Myers Jr., 38, of Atlanta, entered the plea before U.S. District Judge Dean D. Pregerson, according to the U.S. attorney’s office in Los Angeles. […]
8 ways your details can be hijacked
Unaware of credit card fraud until the statement arrives or the bank rings? Here are eight ways tech-savvy criminals can get your details from shops, ATMs and other systems. Card issuers like Visa and MasterCard often know if merchants have suffered a breach before even the banks or the merchant itself, but they rarely reveal […]
Most retail fraud now committed online
Retailers are suffering from increased levels of fraud, most of which is now committed online, the British Retail Consortium (BRC) has said. This year’s BRC Retail Crime Survey, published today, found retailers warned they expected fraud “to pose the single most significant threat to their businesses over the next two years.” Levels of fraud increased […]
Fraudsters used credit cards from darkweb-£600k scam
A gang which conned companies out of more than £600,000 worth of goods using stolen credit card details from the ‘dark web’ has been convicted. Manchester Crown Court heard the Rochdale-based fraudsters targeted 57 wholesale companies from June 2011 to November 2012 using compromised credit cards from illegal online forums. They ordered a vast array […]
Moonpig exposes details of 3m customers
Online greeting card service Moonpig has suspended its mobile apps following claims that a security flaw allowed access to any of its three million customer accounts. Mobile app developer Paul Price discovered the apparent bug while examining the security settings of the code Moonpig uses in its Android and iOS applications. He claimed that when […]
Behind Giant Credit Card Hack
Vladimir Drinkman says he met Dmitriy Smilianets online playing Counter-Strike, a shooter game in which cyber-combatants assume the roles of either terrorists or counter-terrorists: bad guys or good guys. More than a decade later, the two young Russians are both behind bars — Drinkman in the Netherlands, Smilianets in New Jersey — charged with being […]
USB charger that can steal bank details
For just £6, a hacker can create a covert device that tracks everything you type on a keyboard including usernames, credit card details and banking passwords. The device, called KeySweeper, was built by a Poland-based security researcher and works with a range of wireless keyboards. Once connected, the small USB wall charger remotely decrypts, logs […]
UK fraud cases soar
British courts have seen a 25% increase in the number of fraud cases being heard, according to Big Four firm KPMG’s latest fraud barometer Research from the firm shows that while the total value of fraud in the UK has dropped 14% – from £834m to £717m – the total number of cases has increased, […]