#fraud prevention
#fraud prevention

White House stalls on digital identity mandate, despite billions in fraud

The White House executive order on identity theft in public benefits is delayed, frustrating stakeholders.

Efforts are ongoing to address digital identity use securely and prevent fraud in government benefits programs. [ more ]

ComputerWeekly.com

American Express customers exposed through third-party breach | Computer Weekly

Customers' account details may have been breached through a third-party supply to merchants, but American Express systems were not compromised.

American Express is monitoring accounts for fraud and will not hold customers liable for any fraudulent charges. [ more ]

Hot for Security

U-Haul Tells Customers Their Personal Data Has Been Caught Up in a Breach

Unauthorized party breached U-Haul's systems with stolen credentials, accessed personal data like names and driver's license numbers.

U-Haul responded quickly, enlisted cybersecurity experts, identified specific customer records accessed, offered credit monitoring, and advised customers to watch out for fraudulent activities. [ more ]

www.cbc.ca

Fake listings for real companies are plaguing Canadian consumers, businesses | CBC News

Consumers warned of fake listings on search engines leading to fraudulent websites

Verify authenticity of websites before making purchases to avoid scams. [ more ]

www.independent.co.uk

Canada news

The most scammed items on Facebook Marketplace revelaed

Over a third of advertisements on Facebook Marketplace are potential scams, according to TSB's fraud team.

TSB's data shows that 73% of all purchase fraud cases come from Facebook Marketplace. [ more ]

www.independent.co.uk

Canada news

The most scammed items on Facebook Marketplace revelaed

Over a third of advertisements on Facebook Marketplace are potential scams, according to TSB's fraud team.

TSB's data shows that 73% of all purchase fraud cases come from Facebook Marketplace. [ more ]

moreonline-scams

Fast Company

4 days ago

Taking the fight to the fraudsters: How AI safeguards the digital economy

Fraud prevention in digital transactions is crucial as cybercrime evolves, costing trillions globally. AI is instrumental in enhancing security and protecting consumers in real time. [ more ]

Intellectual Property Law Blog

USPTO Issues Additional Guidance on Use of AI Tools in Connection with USPTO Matters

USPTO issued guidance on AI use in submissions to PTAB and TTAB.

USPTO emphasizes duty of candor and good faith in AI use. [ more ]

Medium

RAG Tools to Improve LLMs, Deep Learning for Time Series Analysis, and Implementing Responsible AI...

Maximize conference experience with networking and speaker engagement.

Significant advancements in AI technology by MIT, Nvidia, and Saudi Arabia. [ more ]

ReadWrite

Life2vec: Warning from creators of AI that predicts your death

Life2vec AI model predicts using life events data

Researchers issue warnings about fraudulent websites claiming to offer Life2vec predictions [ more ]

Medium

U.S. Justice Department Targets AI Startup Fraud Ahead of IPOs

Crackdown on fraudulent activities by tech startups, specifically in the AI sector before going public.

Focus on addressing the 'fake it til you make it' culture in tech startups, targeting misleading investors about crucial aspects like customer reach and revenue. [ more ]

english.elpais.com

2 weeks ago

Data science

Elisabeth Bik, expert in scientific integrity: We need to slow down scientific publishing'

Elisabeth Bik, a scientific integrity consultant, uncovers errors in academic articles, primarily focusing on potentially manipulated images to prevent fraud in scientific literature. [ more ]

www.standard.co.uk

2 weeks ago

London

New 152million fraud website will stop victims being conned, says City of London Police chief

A new service aims to stop more fraudsters and streamline victim reporting, essential for combatting the prevalence of fraud targeting Taylor Swift fans. [ more ]

Digiday

3 weeks ago

Marketing

How lack of motivation could be seen as a hindrance to solving programmatic fraud

The industry needs more companies to leverage available tools to combat fraud effectively. [ more ]

CityAM

Marketing

Navigating the AdTech Evolution: A New Era of Innovation and Competition - CityAM

AdTech Holding challenges tech giants like Google and Facebook through innovation and customer-centric services.

The company's in-house anti-fraud solution sets it apart in addressing the industry's pervasive issue of fraud. [ more ]

www.independent.co.uk

3 weeks ago

UK news

Social media giants must help us clamp down on soaring fraud, says bank boss

Tech companies like Facebook need to take responsibility in combating online fraud epidemic to protect users. [ more ]

www.independent.co.uk

UK news

The most scammed items on Facebook Marketplace revelaed

Over a third of advertisements on Facebook Marketplace are potential scams, according to TSB's fraud team.

TSB's data shows that 73% of all purchase fraud cases come from Facebook Marketplace. [ more ]

New York Post

NYC politics

Critics furious over Hochul, Heastie plan to crack down on NY's $8 billion home care Medicaid program: 'Recipe for corruption'

Critics oppose Gov. Hochul and Speaker Heastie's plan to overhaul $8 billion Medicaid homecare program, citing concerns about fraud and abuse prevention and cost savings. [ more ]

Nextgov.com

White House, Senate Democrats tout new $1.4B anti-fraud proposal

The Fraud Prevention and Recovery Act aims to address pandemic-era fraud in government programs with $1.4 billion.

The proposed act would strengthen accountability efforts, hold fraudsters accountable, and ensure responsible use of taxpayer dollars. [ more ]

time.com

Banks Aren't Doing Enough to Protect Customers From Scams

Customers may not be reimbursed for scammed money if the transfer was personally approved.

Banks are urged to take more responsibility in preventing scams as the line between authorized and unauthorized transactions becomes blurred. [ more ]

www.independent.co.uk

5 months ago

Top tech firms to sign new Government Charter to crack down on online fraud

The UK Government is partnering with major tech companies to combat online fraud

The Online Fraud Charter will include measures to protect users and crack down on illegal advertising

The collaboration is a significant step in the fight against online fraud [ more ]

Brooklyn Paper

Brooklyn

Brooklyn DA's office busts million-dollar 'pig butchering' crypto scam operation * Brooklyn Paper

Virtual Currency Unit dismantles pig butchering operation that defrauded millions.

Pig butchering scams lure victims with promises of financial returns, block withdrawals, causing complete loss. [ more ]

Scala-lang

Scala

Scams in the Scala Community update

Employment scam targeting Scala community

Elaborate recruitment scam tactics

Importance of raising awareness and sharing learnings on job offer scams [ more ]

Scala-lang

Scala

Beware of fake online Scala courses

Beware of fraudulent activities in the Scala community related to online courses.

Ensure to access official and trustworthy sources for Scala online courses. [ more ]

Truthout

Left-wing politics

Sanders Slams Pentagon After Report Finds Agency Lacks Basic Fraud Avoidance

The Department of Defense lacks basic fraud prevention measures despite having a significant budget.

The Pentagon fails to utilize simple anti-fraud data analytics methods and lacks clear oversight for fraud cases. [ more ]

theweek

EU data protection

The latest scam tactics to look out for in 2024

The government has launched a campaign called Stop! Think Fraud to help people spot and report fraud, which costs society £6.8 billion annually.

Scams account for 40% of crime in England and Wales, with an estimated 3.2 million offences each year. [ more ]

Theregister

EU data protection

Billions lost to fraud during UK's pandemic spending spree

Fraud in UK public spending during the pandemic reached up to £59 billion ($74.4 billion), according to a report from the National Audit Office (NAO).

The NAO identified a lack of access to data as a reason for the authorities' struggle to combat fraud during the pandemic.

The NAO recommends that the government work on improving data sharing and interoperability across different government departments to better prevent and address fraud in future emergencies. [ more ]

Bloomberg