Cyber Attacks
AI Fuels $442B Scam Economy Surpassing Global Cocaine Trade, Bloomberg Reports
A Bloomberg report details how artificial intelligence is expanding a fraud network that exceeds the value of the global cocaine trade.
fraud
Everything Threat Times has reported about fraud: 6 stories, newest first. Part of our Malware & Ransomware coverage.
AI
Anti-Cybercrime Initiatives Use AI Bots to Scam Cybercriminals
Security teams are deploying artificial intelligence to trick fraudsters into interacting with realistic bots, turning the tables on digital criminals.
Malware & Ransomware
MonsterCloud CEO Charged With Fraud Over Secret Ransomware Payments
The executive behind ransomware recovery firm MonsterCloud faces charges for allegedly paying attackers to decrypt data while claiming to use proprietary technology.
Malware & Ransomware
MonsterCloud Owner Charged With Secretly Paying Ransom Demands To Attackers
Federal authorities accuse Zohar Pinhasi of defrauding clients by paying ransomware gangs while billing them exorbitant recovery fees.
Tech News
US Suspends Microsoft, Adobe, and Others From H-1B Green Card Program
The US government has suspended several major tech firms from a residency program due to alleged fraud, affecting skilled foreign workers.
Privacy & Policy
London court sentences crypto SIM-swap thief to two and a half years in prison
A 25-year-old man was jailed for his role in a SIM-swapping fraud scheme that resulted in the theft of nearly $260,000 in cryptocurrency.