A man in China ran a modus operandi using 4,600 phones to fake live-stream viewer counts, earning $415,000 in less than four months.
Berkshire Hathaway Chairman and CEO Warren Buffett has warned about AI scams.
An ex-athletic director from a high school has been arrested for fabricating an AI-generated voice recording to falsely implicate the school's principal in making racist comments.
International law enforcement agencies, led by Britain’s Metropolitan Police, have successfully dismantled LabHost, a fraudulent website used by thousands of criminals to steal personal details, arresting 37 suspects.
The US wants to seize the former Mongolian prime minister Sukhbaatar Batbold's luxury NYC apartments bought with corruption proceeds.
After being notified of an arrest warrant against him, a former CEO of Steinhoff was found dead in what authorities suspect to be a suicide.
A former UK tech mogul is set to face trial in the US for allegedly orchestrating "the largest fraud in the history" of Silicon Valley.
Losses exceeding $700,000 in individual cases due to refund fraud were owed to platforms like TikTok and Telegram, where these schemes were promoted.
Meta might be penalized by South Korea's antitrust office for allegedly failing to protect local consumers on its Facebook and Instagram marketplaces against fraudulent transactions.
The Federal Bureau of Investigation (FBI) has documented a record-breaking $12.5 billion in losses from online scams in 2023.
Former President Donald Trump proposed to post a $100 million bond on Wednesday while appealing a New York judge's ruling that he must pay $454 million in penalties and interest in a civil fraud case.
The state of New York has filed a lawsuit against Citibank for its alleged failure to protect customers from electronic fraud and to reimburse victims for millions of dollars in losses.
There are a lot going on in the credit card industry, from credit card and gas related theft and fraud to online shopping without credit cards. Forbes reports on each of this credit card news. First, there is a fast spreading epidemic in the credit-card and gas-station industries where thieves are pumping gas illegally for profit. Meanwhile, a new Swedish checkout service allows people to shop online without using credit cards.
Home Depot Inc (HD.N) Thursday said some 56 million payment cards were likely compromised in a cyberattack at its stores, suggesting the hacking attack at the home improvement chain was larger than last year's unprecedented breach at Target Corp (TGT.N).
Mt. Gox said it had found 200,000 Bitcoins in a wallet that it used before June 2011. The discovery was made on March 7, a week after it had filed for bankruptcy, Reuters reported
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