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Tag Archives for " fraud "

Experian warns of facial recognition, synthetic ID fraud

The widespread shift to e-commerce and touchless payments during the pandemic has escalated fraud risk in those channels, including the possibility of fraudsters combining altered photos with synthetic ID, Experian warns.

A trick Experian is calling “Frankenstein IDs” could see fraudsters this year using machine learning to invent fake facial images, which combined with fictional identities could add a new and more virulent edge to fast-growing synthetic ID fraud, the global information company said in a new forecast.

Full article: Experian warns of facial recognition, synthetic ID fraud | PaymentsSource

Law enforcement wiretapped the very service used by criminals to evade interception

The virtual private network (VPN) Safe-Inet used by the world’s foremost cybercriminals has been taken down in a coordinated law enforcement action led by the German Reutlingen Police Headquarters together with Europol and law enforcement agencies from around the world.

This VPN service was sold at a high price to the criminal underworld as one of the best tools available to avoid law enforcement interception, offering up to 5 layers of anonymous VPN connections.

Much of the criminal activity occurring on the network involved cyber actors responsible for ransomware, E-skimming breaches, spearphishing, and account takeovers.

Source: Law enforcement wiretapped the very service used by criminals to evade interception

Banks and Retailers Are Tracking How You Type, Swipe and Tap

The way you press, scroll and type on a phone screen or keyboard can be as unique as your fingerprints or facial features. To fight fraud, a growing number of banks and merchants are tracking visitors’ physical movements as they use websites and apps.

Source: Banks and Retailers Are Tracking How You Type, Swipe and Tap – The New York Times

Biometric Verification of Refugees Introduced in Uganda to Prevent Fraud

The U.N. refugee agency has launched a nationwide biometric verification system in Uganda to make sure data gathered about refugees and asylum seekers is accurate. The UNHCR says this is to ensure assistance reaches those for whom it is intended.

Uganda provides protection to about 1.4 million refugees from South Sudan, Democratic Republic of Congo and Burundi. The government has been praised for its generosity and open-door policy for people fleeing conflict and persecution.

Source: Biometric Verification of Refugees Introduced in Uganda to Prevent Fraud

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