4 Ways Fraudsters Shifted Their Takeover Patterns
Fraud is ever changing. Fraudsters are continually evolving their craft to bypass bank fraud controls. As banks deploy AI and Machine Learning, fraudsters are employing their own machine learning to identify new and better ways to skirt controls. And nowhere are patterns changing faster than in online account takeover. A new study released this month […]
Fraudsters Target Luxury Cars With CyberCrime Scams
Fraudsters are using far more technical crimes to steal from car dealerships and auto lenders these days. And the newest method of choice for them is cyber-crime. In recent industry reports, cyber-criminals have significantly increased their attacks using wire transfer fraud, high tech data breaches and even introducing malware onto the dealer and lenders systems. […]
This Fraudster Opened 8,000 Accounts, Made Millions!
Forty-six year old Kenneth Gilbert Gibson of Reno Nevada opened 8,000 fraudulent accounts in a scam for the ages. His accounts included fraudulently opened PayPal credit accounts, bank accounts, and prepaid credit and debit card accounts he created with stolen identities. After opening the 8,000 accounts, he used the accounts to transfer, $3.5 million to himself […]
How Rich Kids of Instagram Help Investigators
Yachts, champagne, cars, closets full of Gucci Bags and excessive glamour. If you haven’t checked out Rich Kids of Instagram you need to now. Rich Kids of Instagram might make your blood boil as you browse through picture after picture of entitled teens shamelessly sharing their excessive worth. They have more money than you will ever […]