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Search: “fraud”

20 items

Topological Fraud Detection in Latent Transaction Spaces

Researchers present a privacy-preserving fraud detection method combining unsupervised filtering and supervised classification on anonymized transaction embeddings for low-latency triage.

The paper describes fraud detection performed entirely on topologically anonymized transaction embeddings. It iterates unsupervised filtering followed by supervised classification ('sniping') to flag suspicious activity. The goal is ultra-low-latency, privacy-preserving triage for institutions without exposing personally identifiable information.

arXiv cs.CR · 9d agoResearch

Identity-as-a-Service: Uncovering Dark Web Marketplaces Trading Executive SSNs

Rapid7 research uncovered dark web marketplaces trading executive Social Security numbers, fueling synthetic identity fraud and unauthorized lines of credit.

Rapid7 threat research documents dark web marketplaces where stolen executive Social Security numbers are bought and sold, a tier of the cybercrime ecosystem more durable than stolen payment cards because SSNs cannot be deactivated. Exposed SSNs enable unauthorized credit lines, synthetic identity fraud, and long-term impersonation. The article cites FTC statistics of over 1 million identity theft reports annually, with related fraud and imposter scams causing billions in losses each year.

Rapid7 Blog · 20d agoResearch

Understanding Angler Exploit Kit

Unit 42 examines Angler EK operations, including rapid zero-day adoption, fileless Bedep infections, and ransomware payloads like TeslaCrypt and CryptXXX.

Unit 42 published the second part of its Angler EK analysis, covering the kit's history since 2013, its SaaS rental model, and its focus on Flash, Internet Explorer, and Silverlight exploits. Angler integrated the CVE-2015-5119 Flash zero-day from the Hacking Team leak within hours and later added exploits for CVE-2015-2419 and CVE-2016-0034 roughly a month after Microsoft patched them. Campaigns use Angler to deliver ransomware such as CryptoWall, TeslaCrypt, and CryptXXX, plus banking trojans and stealers via EITest. Since August 2014, Angler has used fileless, in-memory execution, most often for Bedep, which later downloads CryptXXX and click-fraud malware.

Palo Alto Unit 42 · Aug 17, 2026Research in the wildCVE-2015-5119CVE-2015-2419CVE-2016-0034

ReCAST: Restoration-aware Cascaded Stage-wise Training for Obfuscated SMS Risk Classification

ReCAST distills a large teacher model's de-obfuscation ability into smaller models for robust classification of obfuscated Chinese SMS fraud messages.

The paper proposes ReCAST, a restoration-aware cascaded stage-wise training framework for classifying obfuscated Chinese SMS messages. It distills a large teacher model's de-obfuscation capability into a smaller deployable student by supervising obfuscated span detection, obfuscation type prediction, and text restoration, then uses the student for risk classification. On an internally constructed real-world Chinese SMS benchmark, ReCAST substantially outperforms directly trained baselines under obfuscation, targeting production latency and throughput constraints.

arXiv cs.CR · 13d agoResearch

Risky Bulletin: Expired cards can be used for new transactions

Researchers show expired Visa contactless cards can be revived via NFC man-in-the-middle relay to run fraudulent transactions; roundup also covers major breaches.

University of Massachusetts Amherst researchers built an NFC man-in-the-middle rig that updates a card's expiration date in transit and relays the modified payment to POS terminals, reviving expired contactless cards; Visa terminals and the backends of all five banks studied failed to catch the manipulation. The same roundup reports Iranian hackers shut down a small UK power plant for four days, Lazarus breached South Korea's Presidential Office as part of a campaign exceeding 100 victims, and French telecom SFR suffered a breach affecting over 2.1 million customers.

Risky Business News · 24d agoResearch1

When the Whole Company Adopts AI: What It Does to Your SOC

Analysis of 16.9 million SOC alerts finds AI-related alerts at 0.43%, growing 685% since February, with 94.1% noise and 0.02% real attacks.

A review of roughly 16.9 million SOC alerts found about 73,000 (0.43%) were AI-related, a share that grew 685% between February and June 2026. Of AI-related alerts, 94.1% were noise, 5.8% genuine risks, and 0.02% real attacks; 79.8% received benign verdicts, 81.7% were automatically suppressed, and only 5.4% reached a human analyst. The only confirmed attacks were phishing campaigns that weaponized AI brand names as lures, while developer coding agents spawning shells and reading credential stores routinely tripped detections written before AI agents existed.

The Hacker News · 5d agoResearch2

Credential Theft: How Attackers Steal & Use Stolen Credentials

Huntress explains how attackers steal credentials through phishing, AitM, infostealers, and dumping, then use them for lateral movement, BEC, and ransomware.

Huntress published an educational overview of credential theft, citing that roughly 70% of confirmed data breaches begin with stolen credentials. It details acquisition methods including phishing, adversary-in-the-middle attacks that capture MFA session tokens, infostealers (nearly a quarter of threats Huntress observed in 2025), Mimikatz-based credential dumping, credential stuffing, and password spraying. The piece then covers post-theft actions such as lateral movement, privilege escalation, account takeover, business email compromise, and ransomware, and closes with behavioral detection guidance and layered prevention strategies.

Huntress · 6d agoResearch

FST Pay: Deterministic Safety-Gated Architecture for Youth Digital Payments

FST Pay proposes a deterministic safety-gated architecture for teen digital payments, pairing invariant authorization checks with decoupled post-settlement AI explanations.

Researchers propose FST Pay, a formal architecture for adolescent digital payments on rails like UPI that applies six deterministic invariant checks (spending limits, guardian co-sign policies, amount thresholds, merchant category codes, temporal intervals, hardware integrity) to classify transactions as ALLOW, REVIEW, or BLOCK. High-risk transactions trigger an asynchronous guardian co-sign workflow. Generative AI is restricted to post-settlement natural-language insights and holds no mutation privileges over the ledger, avoiding non-determinism on the real-time authorization path.

arXiv cs.CR · 7d agoResearch

The Machines Are Calling: Measuring Automated and Synthetic Voices in Unwanted Inbound Calls

Voice honeypot measurement finds at least 26.9% of unwanted US inbound calls open with machine voices, 13.1% with fresh synthetic speech.

An interactive voice honeypot using language-model personas on real US numbers recorded 10,987 calls over 66 days, following the FCC's February 2024 ruling that AI-generated voices fall under the TCPA. Of 7,233 greeted calls, 13.8% opened with recordings replayed from other calls and 13.1% with fresh audio labeled synthetic, with replays making up 45% of the detector's flagged rate. Synthetic openings concentrated in lead-generation spam (33.8%) rather than fraud (21.1%), and only 0.44% of calls disclosed automation. Prevalence tracked how long a bait number had circulated, and campaigns outlasted their numbers, with one synthetic voice serving nine campaigns.

arXiv cs.CR · 7d agoResearch

SpyCloud 2026 Identity Threat Report Finds Non-Human Identities Are Now the Leading Path into the Enterprise

SpyCloud survey of 750 security leaders finds compromised non-human identities are the top enterprise entry point, yet only 36% monitor them.

The 2026 Identity Threat Report surveyed 750 cybersecurity leaders at organizations with 500+ employees across North America and Europe. Compromised non-human identities (31%) were the most cited primary attacker entry point, nearly double phishing (17%), while only 36% of organizations monitor AI agents, service accounts and API keys. 68% of respondents reported identity-based events, averaging eight each, and 91% use AI tools but only 56% have formal governance over their privileges.

GBHackers · 8d agoResearch 2 sources

SpyCloud 2026 Identity Threat Report Finds Non-Human Identities Are Now the Leading Path into the Enterprise

SpyCloud survey of 750 security leaders finds compromised non-human identities are the top enterprise entry point, yet only 36% monitor them.

The 2026 Identity Threat Report surveyed 750 cybersecurity leaders at organizations with 500+ employees across North America and Europe. Compromised non-human identities (31%) were the most cited primary attacker entry point, nearly double phishing (17%), while only 36% of organizations monitor AI agents, service accounts and API keys. 68% of respondents reported identity-based events, averaging eight each, and 91% use AI tools but only 56% have formal governance over their privileges.

Cyber Security News · 8d agoResearch 2 sources

Automobile Camouflage to Hide from Flock Cameras

Schneier on Security highlights a printed vehicle-camouflage pattern tested to defeat Flock surveillance cameras and Axon body cameras.

The post discusses covering cars with printed patterns designed to fool Flock automated license-plate recognition software, with testing reportedly done against Flock and Axon body cameras. Reader comments question effectiveness against other ALPR vendors, Flock's RF MAC-address upgrade, and whether such camouflage might become regulated. The page also contains off-topic comment threads about anti-bot over-blocking and privacy.

Schneier on Security · 10d agoResearch

Risky Bulletin: Academics find source code overlaps between Geedge and China's Great Firewall

Academics linked Chinese vendor Geedge Networks' Tiangou Secure Gateway source code to one of the Great Firewall's three traffic filtering capabilities.

US researchers presenting at USENIX Security reconstructed Geedge Networks' Tiangou Secure Gateway firmware from over 100,000 leaked files, including Git repositories with commit history, and matched its filtering behavior to sections of China's Great Firewall. They found only 1 of 3 characterized DNS injectors matched Geedge code, noted the system relies on memory-unsafe C components and copied third-party code, and said its bugs could aid future circumvention tools. Geedge also exports censorship tools to Kazakhstan, Ethiopia, Pakistan, and Myanmar. The newsletter additionally rounds up multiple breaches.

Risky Business News · 27d agoResearch2

Zombie Card Attack Can Revive Expired Visa Cards for Contactless Payments

UMass Amherst researchers demonstrate Zombie Card, an NFC relay attack that revives expired Visa contactless cards for in-store purchases without breaking cryptography.

Researchers at the University of Massachusetts Amherst presented the Zombie Card attack at USENIX Security 2026, showing that Visa's Kernel 3 does not cryptographically bind the Application Expiration Date (tag 5F24) the terminal reads with the Track 2 expiry seen by the issuer. By positioning an NFC man-in-the-middle relay, an attacker can rewrite the terminal-facing expiration date of an expired card and complete contactless purchases, provided the account remains open under the same PAN and the bank does not independently re-check expiry. Testing across five major US banks found three distinct policies; Visa Kernel 3 accepted the modified date, while Mastercard, American Express, and Discover kernels declined modified transactions. Findings were disclosed to Visa and affected banks in May 2025, no CVE has been assigned, and no exploitation has been reported.

The Hacker News · 27d agoResearch

Researchers find a loophole that lets expired credit cards make unauthorized payments

UMass Amherst researchers showed at USENIX Security 2026 that NFC relay attacks can rewrite unprotected expiration dates, letting expired Visa contactless cards keep making payments.

UMass Amherst researchers presented the Zombie Card attack at USENIX Security 2026, using two smartphones to relay and modify NFC payment data from expired Visa cards. The expiration date lies outside the card's digital signature coverage in Visa Kernel 3, and one major US bank accepted $1-$500 test purchases plus live $2.79 and $3.19 purchases with rewritten dates. Mastercard, American Express, and Discover rejected tampered dates; researchers notified Visa in May 2025 and no CVE or confirmed fix existed at publication.

Help Net Security · 28d agoResearch