Uh-Oh, Yahoo Boys Are Perfecting Their Deepfakes
Don’t look now, but the Yahoo Boys are getting pretty good at perfecting their deepfakes, making them more believable by the day. David Maimon posted this proof of how good romance scammers are getting good of bringing their Catfishes to life and creating highly personalized messages to their victims. In this video, the scammers have […]
How Photoshop AI Is Turbo Boosting Insurance Scams
Insurance fraud has taken an alarming turn with the advent of AI-manipulated images. Allianz UK reported a 300% increase in AI-related insurance fraud last year, driven by accessible generative AI tools – some embedded within popular tools like Adobe Photoshop. Adobe Photoshop released “Generative AI Fill” in September 2023, and scammers realized it was an […]
New Hyper Realistic Deepfake Mask Can Pass ID Checks
New hyper-realistic masks are emerging online, far better than anything we’ve seen before. The masks are made in China and sold on Telegram channels. They can be used to bypass KYC selfie and liveness checks. Send In Any Photo, And Artists Will Create The Mask What makes the masks particularly interesting is how they are […]
Amazon Goes After DIVO, A New Professional Refunder
Amazon continues its war on professional refunding scammers. And they are not messing around. In a significant development, Amazon revealed that it identified the mastermind behind Rekk Refunds and subsequently exposed another professional refunding operation named “DIVO” this month. Recent Court Filings Reveal The Counterstrike In a recent court filing of an amended complaint against […]
FBI Seizes MyChargeback Site, Questions Loom
The FBI has seized MyChargeback.com, a company that claims to have worked with 800 banks and 450 law enforcement agencies and successfully recovered millions of dollars in disputed claims for its clients. But so far there are little answers of why the FBI seized the company. Signs Point To CryptoCurrency Return Fraud Scheme People close […]
Thousands Of AI Deepfake Faces For Scams
Can you be deepfaked? The answer may be yes because deepfakes are only getting better and better each day. Gary Warner of Dark Tower gave me a glimpse into the dark world of AI deepfakes being sold freely on Telegram. The Telegram site, which is completely in Chinese, sells thousands of real-time AI faces that […]
Facebook Is Totally Cool With Fraud University
Imagine a school you could go to learn how to commit fraud. Does it sound fun? Maybe even interesting? Well, you don’t have to go to some seedy place on the outskirts of town; you can just log into Facebook, the $1.3 Trillion company, and they are totally ok with that. Over 7,000 people have […]
ERC Sauce Still Hitting – IRS Reports 90% Fraud Rate
Covid Fraud 2.0 is still hitting. Months after the IRS stopped processing applications for the ERC (Employee Retention Tax Credit) program, it is still inundated with fraudulent applications. So much so that they asked Congress to extend a moratorium on the program initiated in September last year. Widespread Fraud And A Shocking Fraud Rate Since […]
Scammers Exploit AI Call Center Software To Scale Up
A scam call center has been using Voiso, an AI-powered enterprise call center tool, to streamline their fraudulent operations, according to internal data obtained by 404 Media. An insider with access provided a cache of call center data showing exactly how the scam operations used the AI. Voiso offers capabilities like automatically detecting voicemail, voice […]
Millions of Frankenstein Identities Discovered In UK
Many people in the UK may be living next to Frankensteins. A Lexis Nexis study, on a comprehensive analysis of more than 72 million consumer profiles, has uncovered a disturbing trend that experts have termed “Frankenstein cloning.” The research revealed that 2.8 million profiles exhibited clear indications of this fraudulent technique, in which criminals meticulously […]
Navy Fed Employee Stole Murdered Man’s Identity
Steven Verrett, an employee of Navy Federal Credit Union, has been arrested and charged with 15 counts of fraud and related offenses that involved the identity of a murdered man. According to his LinkedIn profile, Verrett worked as a Member Services Rep and pled “not guilty” in court last week. An Internal Investigator Alerted the […]
They’re Here. Deepfake BEC Zoom Calls Are A Real Deal
Another deepfake BEC attack is raising concerns that a major threat is developing. This one uses Zoom calls to convince employees to send wire transfers. Last week, SCMP reported that a UK-based multinational company has fallen victim to a deepfake scam after a digitally recreated version of its chief financial officer fooled an employee at […]
CoffeeZilla – Rabbit Has No AI, It’s Hiding $30M Scam
Stephen Findeisen, better known as Coffeezilla, is an American YouTuber and crypto journalist. He is known primarily for his channel, which investigates and discusses online scams. And now, he is on to a doozy – Rabbit. He claims the AI embedded within the Lamb device doesn’t work as advertised. In fact, he determined that “Lamb” […]
Pig Butchered CEO Guilty. Was A “Master Manipulator”
In July last year, Heartland Tri-State Bank abruptly closed. While it was not clear then, it was soon revealed that the CEO, Shan Hanes, had fallen victim to a Pig Butchering scam and wired over $45 million in bank funds to fraudsters. This week, he pled guilty to the fraud and faces 30 years in […]
Digital Doppelganger Fraud Targeted Famous Artist
A strange tale of an even stranger deepfake is sending shockwaves through the artist community. When a well known artist past away, scammers realized they had an opportunity to make big money on people scrambling to buy his paintings. Scammers Targeted Fans of The Artist It began when well known artist Hank Pander passed away […]
Bank on Hailey ? – Talking Lone Wolf Fraud Fighters
Have you heard of the new fraud podcast that everyone is talking about? It’s called Banking On Fraudology, hosted by Hailey Windham. When she was a kid playing cops and robbers, Hailey Windham was always the cop. So when she took a job as a Bank Teller in 2014, it was only natural that she […]
Turo Fraud Scheme Allegedly Sent Jeeps To The Cartel
Federal authorities have charged a Houston man with orchestrating an elaborate car theft ring that exploited a popular vehicle sharing app and cost the company over $1.5 million in losses. Kenneth Dwayne Westbrook went by the Instagram handle “bossmann_boosie” He is accused of running a fraud scheme on Turo to deliver Jeeps to the cartel. […]
Pig Butchering Scammers Are Using AI Now To Fool Victims
Is that woman real, or is she AI? It was only a matter of time, but reportedly, pig butchering operations are now resorting to Artificial Intelligence deepfakes to fool their victims. Catfished, the YouTube channel that showcases new victims of romance scams each week, reported the development last week. For the first time in their […]
Regular People “Tap In” To Help Check Fraudsters In LA
A fraud gang out of Los Angeles just wanted people’s Debit Cards so they could deposit stolen checks and make off with the proceeds. People who participated in the scheme were regular people who just wanted to make a few bucks on the side. The scheme worked perfectly until the gang accidentally recruited an undercover […]
Fraudology: Innocent People Conned Into Being Fraudsters
If you don’t listen to Fraudology, you should. It is hosted by Karisse Hendrick, a fraud fighter with decades of experience advising hundreds of the biggest e-commerce companies on fraud, chargebacks, and other forms of abuse that impact a company’s bottom line. ?? I joined Karisse to talk about how innocent people are being conned […]
FTC Says BlueSnap Assisted Scammers For Years
Always listen to your Fraud Manager. One company, BlueSnap, learned that lesson the hard way. When their Director of Fraud warned the CEO in 2021 that a big customer was engaging in fraud, the CEO ignored him and said it was an important client they needed to take care of. The CEO prioritized company profits […]