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Tag Archives: fraud

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Man Used a Printer and Stolen Identities to Commit $60,000 Wire Transfer Fraud

In Gelsenkirchen, a city in North Rhine-Westphalia, Germany, a 40-year-old stood before a judge at the District Court of Essen for “large-scale” bank fraud. According to the public prosecutor, he defrauded thousands of unsuspecting German citizens. The investigation, though, focused mainly on Bavarian victims as they lost their sensitive information the most frequently. This form of fraud, the prosecution alleged, ... Read More »

German Accused Of Committing Large Scale Fraud

Authorities accused a German man of committing large scale fraud. He allegedly purchased compromised bank accounts on the dark web and used those to transfer funds to his own accounts causing serious damage to the victims. A 40-year-old man of Gelsenkirchen, North-Rhine Westphalia is standing in court facing charges of large scale fraud. According to the accusation, before the court ... Read More »

A Sri Lankan Arrested For Credit Card Fraud Sold On Darknet

  Three young men, including a Sri Lankan, have been arrested by the police for possessing around 144 fake credit cards. The Central Crime Branch police identified them as Nawaz Sherrief (22), Nadeem Sherrief (30), and Divya. Divyan is from Sri Lanka and the other two are from Kanaka Nagar and HBR Layout respectively. Credit cards are sold in large ... Read More »

Special Task Force in India Uncovers Credit Fraud Group

Police in Uttar Pradesh, India, recently discovered a group of “techies and students” that bought and sold credit card numbers. The group used the stolen credit cards to buy expensive items on the internet. And then resold them at low prices to their friends. A Special Task Force (STF) of UP Police found the group while investigating fraud for an ... Read More »

Five National Guard Members Charged for Bitcoin Fraud

Recently returned and unsealed indictments accused Five National Guard guardsmen for Bitcoin, credit card, or access device fraud. All four defendants used Bitcoin to purchase stolen debit and credit cards from the internet. Then, according to the indictment, the men encoded blank cards with the stolen ones and made fraudulent purchases at Army and Air Force Exchange Service (AAFES) stores ... Read More »

Fraud Group Used Stolen Databases to Pick Victims

Marking an important moment in an investigation that started last May, the Civil Guard in Murcia, Spain arrested two key players of a identity fraud ring. The investigation took place under the name “Operation Darkweb,” (but not to be confused with an ongoing drug investigation in Spain). This investigation pinpointed into two men who participated in a network of fraudulent ... Read More »

Two Members of a Spain-based Mobile Phone Fraud Network Arrested

Two persons were arrested in Jumilla, Spain for being part of a network that fraudulently purchased smartphones from service providers. The Civil Guard of the Region of Murcia carried out a law enforcement action, called “Operation Darkweb” in Jumilla, to clarify a series of scams in the acquisition of mobile phones. The operation resulted in the arrest of two people ... Read More »

Germany Facing Record Levels of Internet Fraud

A recent case in Germany revealed just how common fraudulent online storefronts have become. The Munich District Court heard a case that exemplified the fraud issues in Germany. And Matthias Huber, public prosecutor, explained the reason similar shops kept causing problems for the general public—and the police. The biggest issue that victims often face, he explained, was that fraudsters usually ... Read More »

Barclays to Renovate Security, Hopes to Cut Fraud by 75%

Barclays called financial fraud a “national resilience issue” in a recent anti-fraud announcement wherein they spoke of the prevalence of the so-called “invisible” crime. The bank revealed plans for a $12 million advertising campaign as a step towards fraud prevention. Younger account holders between the ages of 25 and 34 were at twice the risk for financial fraud than “older ... Read More »

Officials to “Keep Up“ With Synthetic Identity Fraud

According to reports from the U.S. Attorney’s Office for the Northern District of Georgia, cases involving “synthetic identities” are among the fastest growing forms of identity fraud in the United States. U. S. Attorney John Horn announced that the Attorney’s Office will keep up, or at least remain current, with the fraud. While reports of synthetic identity use date back ... Read More »

Netherlands Identity Fraud Doubled Between 2015-2016

Increased levels of fraud, in general, should come as no surprise. And even less of one after glancing at the DeepDotWeb frontpage where no mistake regarding fraud, cybercrime, or hacking could possibly be made; on almost a daily basis, a new indecent occurs. A major company takes a hit, the United States indicts another hacker, or researchers find a new ... Read More »

Tax Fraud Up 6,000 Percent as W-2s Fill Darknet Markets

Internet scams are nothing new. Every time one scam gets outdated, the scammer move from one scam to the next. And while people may have learned that those emails never came from African prince and princesses, they started falling for new scams. IBM’s X-Force found a 6,000 percent increase in email fraud between December 2016 and January 2017. The researchers, ... Read More »

UK Identity Fraud Hit Record Levels in 2016

Cifas, a not-for-profit organization working to fight fraud in the UK, warned the public that identity fraud numbers hit record levels in 2016. In addition to the warning, the fraud prevention group noted that 88 percent of all recorded identity fraud occurred online. Fraudsters used several methods of obtaining personal information last year; methods ranged from the classic mail theft ... Read More »