Amazon Launches Legal Blitz On Pro Refunder Ring
Has Amazon reached a breaking point with professional refunders? It appears so. And now that they have taken a stand, other retailers may strike back as well, taking their lead. This week, they launched a legal blitz against the prolific refunding group – REKK- which they say caused millions in losses to the company through […]
Navy Fed Shuts Down 50,000 Fraud Exploiter Accounts
Something big is happening at the most popular credit union in the country. They are cracking down on members who sold membership access codes to scammers who used it to infiltrate their portfolio. Credit gurus like King Shaun say that Navy Fed has closed over 50,000 credit card accounts. Scammers have targeted Navy Fed Navy […]
“I’m Real Honey”. This Basic DeepFake Actually Worked
Staff Sgt Sherri Vlastuin isn’t a scammer, but her photos are used by scammers all over the world to bilk innocent people in low-level romance scams. Most of the scammers are based in Nigeria and seek out elderly men in North America, Europe and other regions to induce them in crypto scams and other schemes. […]
New Jersey Anchor Benefits Are A Buzzy Fraud Target
It’s a race against time to get free government money from New Jersey’s Anchor Benefit Program and no one is hustling harder than fraudsters. The program gives people who rented or owned a home in New Jersey during the pandemic up to $2,500. And fraudsters love the program, which appears to have, let’s just say, […]
Greedy Criminals- Binance Never Filed A Single SAR Ever
It’s hard to believe that Binance is still in business. ? Changpeng Zhao, the founder, started the company in 2017 and he managed to stockpile so much money in the last 5 years that he is able to pay the largest single fine in US history – over $4 billion dollars. By all accounts, Binance […]
AI Bots and Targeted Attacks Hit Online Retailers
Karisse Hendrick always breaks the latest news in online fraud trends, and this latest one is a doozy. AI bots have emerged. The bots are not rule-based scripts but they appear to be driven by artificial intelligence and they have the ability to self learn and adapt their scheme to get transactions through. The AI […]
Black Friday Merchants Brace For ShapeShifter Attacks
It was Friday, November 25th 2022. When Karisse Hendrick woke up, she knew something was wrong. Her phone was blowing up with text messages ? – one after another. Fraud was going haywire and merchants were letting her know. Black Friday is always bad, but this was one was different. The fraud attacks were coming […]
Car Gang Buys Cars For You With Synthetic Identities
It’s Grand Theft Auto but with a new wrinkle. And this scheme is blowing my mind. ? A group which I call the “Car Gang” has setup Facebook and Telegram channels to offer a new all in one car buying service using newly created synthetic identities. The gang does all the dirty work of creating […]
How Romance Scammers DeepFake Video Calls
It used to be the case that Romance Scammers could never fully engage their victims because they could never pull off a realistic facetime call with their victims. But that is changing with the introduction of new apps like Xpression Camera which offer realtime video fakes using any photo that is uploaded. Check out this […]
FlowGPT – Is This The Next Telegram But For Fraud AI?
Forget FraudGPT, that is old news. Have you heard of BlackHatGPT, Anarchy, FraudCode, or Code Fraudster? Neither had I until I stumbled on FlowGPT and took a look around. FlowGPT is a community-driven platform that allows users to share and discover AI prompts. Think of it like the App Store but for customizations of ChatGPT […]
Profit Killer – Check Fraud Hits Banks Earnings Hard
Check fraud is hitting banks profits hard. American Banker reports that Check fraud is costing Region Banks tens and millions of fraud losses each quarter and transcripts from the banks recent earnings call detail just how hard the bank was hit. Hit With $135 Million In Check Fraud, Losses Quadrupled Operational losses due to check […]
“CPN Whips” Help Fraudsters Monetize Their Synthetic ID’s
Fraudsters love their cars. They just don’t like to pay for them. So they turn to CPNs (Credit Privacy Numbers) to create millions of new identities that they can use to get those cars for free. This year, fraudsters will attempt to purchase over $13 billion in cars using fake identities – most of those […]
AI Defeated My Voice Clone When My Friends Could Not
The cat is out of the bag. ? AI has been unleashed into the world. Everyone loves what it can do for them, and for their businesses. ? But the fraudsters and scammers love it too, leveraging the tech in a new genre of fraud called “AI enabled fraud”. And it’s actually happening right now. […]
Fraud Conference Attire – Who’s Wearing What?
Money2020 and the conference season are in full effect and the question on everyone’s mind is of course. “What should I wear?” In the new ultra-casual business world, this is more complex than it used to be. In the 1970’s, it was clear cut – you would find the brownest coat and widest and most […]
Scammers Are Perfecting Romance Scam Deepfakes
If someone won’t video call or hop on FaceTime with you it is a pretty good indicator that you might be getting Catfished. Well that used to be the case. But that key red flag may no longer be the case as Nigerian Scammers seem to have figured out a way to deepfake those video […]
Nightmare Upgrade – Bank Attacked By Fraudsters
It doesn’t take long for fraudsters to figure out a great opportunity. And that is exactly what happened at AmFirst last weekend after they launched an upgrade of their online banking portal. The CEO Announced The Upgrade The CEO, Bill Connor announced the update one month ago and advised that the bank would be upgrading […]
LinkedIn Has Too Many Pig Butchering Scam Accounts
I received a connection request on Linkedin that was very odd. Her name was Angela Evans. She worked as a marketing executives. She had hardly any LinkedIn connections. And she immediately wanted to begin communicating on WhatsApp. Like thousands of others on LinkedIn, I was being lured into by a Pig Butchering scheme and Angela […]
Face It. AI Will Never Eliminate The Fraud Analyst
AI is artificial. ? Fraud analyst are real. ? And that is why AI will never eliminate the fraud analyst. In fact, it will only drive more demand for fraud analyst. If you’re a solution company selling the pipe dream that your super AI is the only way to spot the deep fakes and frauds, […]
Fraud Hype – Is DeepFake AI Threat Just Talking Photos?
AI is coming for you. It’s going to take your job. ?? It’s going to steal your money. ? It’s going to give fraudsters a magic wand to do all their evil deeds. ? Is this all hype, though? For the present moment. Yes. Could it happen in the future? Possibly, but not likely. Well-respected […]
Should I Be Scared Or Excited About This DeepFake AI?
As you know I have been following the tremendous and scary progress of artificial intelligence and deepfakes. Recently, I published a blog about how far voice cloning has come in the last 6 months. In that post I created a voice clone and asked people to choose which voice belonged to me, and which was […]
Why Steal A Person’s Identity When You Can Steal A Cars?
A new report released by Kasada today found evidence that a successful credential stuffing attack may have been performed against large automotive manufacturers, exposing accounts to fraud and theft. According to researchers the data is being sold for $2 a piece on a private Telegram Channel. And it can be used to do a lot […]