Meta slays “Pig Butchering” scam, removes 2 million fraudulent accounts
Meta, the owner of Facebook, Instagram, and WhatsApp, has removed more than two million accounts related to the scam known as “Pig Butchering” this year in collaboration with international police…
Prelude raises $8M for fraud-resistant SMS verification API development
Prelude, the company developing a fraud-resistant SMS verification API, announced today at Web Summit a $8 million seed funding round, led by Singular and Seedcamp. The new funding will be…
New York recovers $50 million for defrauded Gemini Earn crypto investors
By Jonathan Stempel NEW YORK (Reuters) – New York Attorney General Letitia James has recovered $50 million from the cryptocurrency platform Gemini Trust to repay investors defrauded in its Gemini…
British tech founder Mike Lynch committed fraud, US prosecutor says
By Jody Godoy and Abhirup Roy SAN FRANCISCO (Reuters) – A U.S. prosecutor told jurors on Monday there was no reasonable doubt that British tech pioneer Mike Lynch directed fraud…
App Store: blocked fraudulent transactions worth over USD 7 billion
Since launching the App Store in 2008, Apple has continued to invest in developing industry-leading technologies designed to offer the safest and most secure user experience for downloading apps and…
Gold Pickaxe: how is your face used to commit fraud
Gold Pickaxe: As you all might already know it, our faces have become the new currency, granting us access to a vast array of conveniences and services. From unlocking our…
Bankman-Fried sentenced to 25 years for multi-billion dollar FTX fraud
By Luc Cohen and Jody Godoy NEW YORK (Reuters) – Sam Bankman-Fried was sentenced to 25 years in prison by a judge on Thursday for stealing $8 billion from customers…
AU10TIX Q3 global identity fraud report uncovers 56% surge in payment sector, correlated with unprecedented decline in crypto
AU10TIX, a global technology leader in identity verification and management, today released its Q3 2023 Global Identity Fraud Report. Drawing insights from millions of transactions processed across 249 countries from July…
Trafficking for cyber fraud an increasingly globalised crime, Interpol says
By Poppy McPherson BANGKOK (Reuters) – Interpol said on Friday its first operation targeting human-trafficking fueled cyber fraud showed the criminal industry was going global, spreading beyond its origins in…
Guesty Chooses AU10TIX for Identity Verification and Fraud Prevention
Property Management Platform Selects Automated IDV Solution to Meet Global Regulations, Streamline Onboarding, and Safeguard against Fraud AU10TIX, a global technology leader in identity verification and management, announced that Guesty, the leading…