Posts Tagged ‘fraud’
How Much Does a Public School Stand to Lose When Cyberattacks Go Undetected?
This fictive scenario sees U.S. public schools falling victim time and time again to elaborate social engineering schemes concocted by dastardly cybercriminals. But the fiction only goes so deep when looked at in reality.Scenario:Jackson always had two things going for him: his ability to adapt to growing technology and a certain charm that many couldn’t…
Read MoreOfficials: 30 California Workers Getting $437K in from Food Company
California Insurance Commissioner Ricardo Lara and California Labor Commissioner Lilia Garcia-Brower on Monday announced the resolution of criminal charges filed against Golden Food Inc in a plea agreement in which the company admitted to a litany of labor violations, including more than $437,000 in stolen wages to be paid back to more than 30 California…
Read MoreFlorida Insurance Agent Convicted in $6M Ponzi Scheme That Defrauded Investors
A federal jury has found a Sarasota insurance agent and financial consultant guilty of defrauding elderly Floridians out of $6 million, money that the victims believed was going to fund a life insurance startup known as FastLife. Phillip Roy Wasserman, 66, who is also a former lawyer, was convicted of wire fraud and mail fraud…
Read MoreAlleged Russian Hacker Charged in $200 Million Ransomware Spree
A Russian man was charged by US authorities in connection with his alleged role with multiple ransomware gangs that attacked hospitals, schools and police departments. Mikhail Pavlovich Matveev, who was known online as Wazawaka, was an active member of three ransomware gangs that collectively demanded $400 million from victims and received nearly $200 million in…
Read MoreHackers Contacted Cybersecurity Firm CEO’s Son, Wife in Extortion Attempt
Hackers stole contracts from cybersecurity firm Dragos Inc. as part of an extortion attempt that included contacting the chief executive officer’s wife and 5-year-old son, according to a company blog post, documents provided by the suspected hackers and interviews. The firm didn’t pay the hackers, who gained access to internal documents after breaching the personal…
Read MoreCatalytic Theft Claims Triple in Two Years, Crime Bureau Report Finds
Insurance claims for catalytic converter thefts nationwide jumped by 288% in just two years, the National Insurance Crime Bureau said in a new report. Claims rose from 16,660 in 2020 to 64,701 in 2022. Half of the thefts were in California and Texas, the bureau found. “This new data is just a snapshot of…
Read MoreGeorgia Commissioner Wants Consumers to Stay Away from ‘Dirt-Cheap Insurance’
Georgia’s insurance commissioner is warning consumers to steer clear of Dirt-Cheap Insurance, an unlicensed outfit that he said has sold fraudulent policies in the state. Three people associated with Dirt-Cheap, Deamarkis Barber, Oluwatosin Oyediran, and Kamaria Berry, have been charged or are wanted in connection with alleged scams, Commissioner John King said in a…
Read MoreU.S., Allies Dismantle 20-Year Russian Malware Spying Operation
The US and allied countries have disrupted a wide-ranging Russian hacking operation that spied on its adversaries over some 20 years, the Justice Department announced. Law enforcement agencies penetrated a global network of computers infected with malicious software that the US said Russia’s federal intelligence service used to spy on computers in at least…
Read MoreAccountant Charged With $10 Million in Construction Workers’ Compensation Fraud
Manhattan District Attorney Alvin Bragg, Jr. announced two indictments of a certified public accountant for defrauding the New York State Insurance Fund (NYSIF) of more than $10 million in workers’ compensation insurance premium payments. Accountant Steve Lyon Lyon was charged with several counts of insurance fraud in a New York State Supreme Court indictment.…
Read MoreChatGPT-Related Malware Is on the Rise, Meta Says
Facebook owner Meta said on Wednesday it had uncovered malware purveyors leveraging public interest in ChatGPT to lure users into downloading malicious apps and browser extensions, likening the phenomenon to cryptocurrency scams. Since March, the social media giant has found around 10 malware families and more than 1,000 malicious links that were promoted as tools…
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