Poor Man First Class Fraud Hack Sets Internet Afire
A new life hack is making the rounds on Tik Tok, and airlines aren’t happy about it. The Tik Tok influencer “NDAInternet” has 800,000 followers and he has the internet in an uproar with his hack. It’s called Poor Man’s First Class. And while it sounds like a genius way to get a whole row […]
Man Says Chase Ruined His Life With Friendly Fraud
What happens when a bank gets a fraud report wrong? One man claims it literally ruined his life. It’s a case of “Friendly Fraud” but with a very interesting twist. He Called Chase To Report His Card Lost, He Got $14,000 In Credits Instead Reddit user, ApartmentNo3272 claims that Chase Bank “legitimately ruined his life” […]
Santos Accused of Running A Card Skimming Operation
On April 27, 2017, in the early evening, a security officer from Chase Bank in Seattle observed a man through an ATM’s camera as he approached and took off a card-skimming device After a few moments, police officers took action and arrested Gustavo Ribeiro Trelha, who was an Orlando, Florida resident at the time. This […]
It Was Her Voice -Man Was Victim Of Voice Cloning Scam
“It was her voice”, claimed John Bridges, “And then she passed the phone to a scammer who advised that he would never see his daughter again” He was in his Pearland home when his phone rang. He answered, and someone on the other end of the line was crying. It was his daughter Brittany, and […]
Hy-Vee Suspends Employee Discounts After Fraud Found
Why can’t we have nice things? Well, because sometimes a few bad apples spoil the bunch. Last week, Iowa-based grocery giant Hy-Vee suspended its 10% employee discount program after experiencing wide-ranging abuse and potential fraud. Since 2019, Hy-Vee, located in West Des Moines, has offered its employees and one member of their household a 10% […]
Fraud Claims Specialist Accused Of Internal Fraud
Every week a new internal fraud case is reported. It certainly seems like a growing trend. This week, however, we have a twist – one of our very own is being accused of participating in an account takeover scheme to defraud bank customers. This week, Chimere Shanta Mitchell, a Fraud and Claims Operations Specialist at […]
8 Risk Factors That Can Predict Identity Theft
I enjoy working on different types of fraud models with data scientist. Analyzing data and patterns and then building models that can detect things like Card Fraud, Mortgage Fraud, First Party Fraud, Check Fraud, Auto Fraud and Payment Fraud. To create models you first have to analyze lots of data and find “risk factors” or […]
Lawyer Lived Lavish In Las Vegas On $10M In Liar Loans
A Los Angeles lawyer, Sara King, is being sued for allegedly blowing through $10.2 million in company funds which were tied to fake loans she fabricated. She is accused of falsifying millions of dollars worth of loans from LDR International Limited of the British Virgin Islands, according to a lawsuit filed on Feb. 11 in […]
Up To 5 Million Synthetics Lurking in Bank Accounts
Socure made an interesting announcement this week, vowing to take a bite out of the “explosive uptick” in synthetic identity sweeping across US banks. The company committed to eliminating 100,000 synthetics from the system this year and then eliminating all synthetic identities by 2026. They plan to do it by partnering with government agencies and […]
ChatGPT Dumbly Tells Me About Pig Butchering Scams
Is ChatGPT that smart? I mean really. I asked ChatGPT to tell me about Pig Butchering Scams and this is the brilliant explanation I got. ChatGPT, tell me about Pig Butchering Scams? Pig butchering scams are a type of fraud where scammers sell consumers a live pig, claiming that it will be butchered and processed […]
MLS Prowlers Have A New Scam Targeting Home Sellers
A new wrinkle in scams, and this one almost worked on a fraud fighter. It was so good. Fraudsters are prowling MLS listings looking for easy targets to pull off utility shut-off scams. And they are currently on the prowl in Los Angeles, California. “This Doesn’t Make Sense, This Is Bad News” – Panic and […]
Hackers Can Bypass ChatGPT Controls To Create Malware
It’s a cat-and-mouse game in Ai generated malicious content, and we’re already seeing it play out daily. This week, Check Point researchers posted a blog revealing how hackers have already figured out how to bypass OpenAi’s malware restrictions and are actively selling the capability on messaging platforms like Telegram. ChatGPTBlocks the Creation of Phishing Emails […]
Report : The Knoble-2,500 Human Crime Fighters Strong
Ian Mitchell had a dream a few short years ago. He wanted to create an organization that brought together fraud fighters, scam fighters, law enforcement, financial institutions, and NGOs to stop human suffering. So he created The Knoble. And I and many others happily joined him in his mission – like close to 3,000 weekend […]
This Bank Has Never Ever Had A Single Card Fraud Case
The name of the bank is Bank Zero. They are a neobank based in South Africa, where the average credit card issuer experiences very high fraud loss rates – 15 basis points or more. But they claim to have zero fraud. According to The Citizen, Bank Zero, South Africa’s newest bank, says that in the […]
FinCen – Check Fraud Cases Increased 84% in 2022
Check fraud is making national news now, and we are finally getting some new statistics on how bad the check fraud problem has gotten. We reported on the boom in check fraud exactly one year ago – Check Fraud Is Booming Again In A Post-Pandemic US. Now the real damage is rolling in and Paul […]
Identity Theft Attempt Turns Deadly With Poison Potion
Years from now, they might call Viktoria Nasyrova The CheeseCake Killer because she has been involved in two suspected poisonings of women she defrauded. Olga Syvk, a Ukrainian immigrant salon worker, testified last week about her near-death experience after eating a slice of cheesecake and later some soup provided to her. She testified that Russian […]
Googler Fired For Fraud, She Was Not Part of Mass Layoff
Tech layoffs seem to be a real thing this year. You probably saw that Google laid off 12,000 employees – about 6% of its global workforce and the announcements from impacted employees were all over Linkedin. One employee caught committing credit card fraud claimed to be part of those mass layoffs when she was actually […]
$17 Billion In Synthetic Identity Fraud Unearthed
Even the government isn’t immune to the scourge of synthetic identity fraud. ? In fact, they got conned in a big way. This week, a group established by the government to oversee the responsible use of pandemic funds, unearthed what might be the largest single case of synthetic identity fraud ever perpetrated against a program. […]
SimSwap.Su Gives Fraudsters Scary, Powerful Tool
A website called SimSwap gives fraudsters a scary powerful tool to intercept text messages, swap sim cards, turn off phones remotely, and even bypass fraud controls like 3D-Secure. And it’s all available right online for anyone to buy. It’s no longer just for sophisticated hackers accessing secret dark web marketplaces. The software exploits flaws in […]
2 Bank Employees Sent Screen Shots To Outside Fraudster
A new internal fraud case at Citizens Banks and Santander again proves that employees are often the weakest link in banks’ fraud control systems. In this particular case, employees from two banks were recruited to work for an outside fraudster who wanted customer information and screenshots from them so he could commit a massive and […]
She Was Wrongly Accused of Card Fraud. It Ruined Her Life
Sandra Wilson went to her local gas station to buy a pack of Cigarettes at her regular gas station one night. It’s something she had done hundreds of times before. She could even count the steps from her car to the gas station – 141 steps – since she had done it so many times. […]