Search: “financial fraud”

8 stories in the last 24h

The U.S. House passed the GUARD Act, letting local law enforcement use federal grants to investigate financial scams and trace stolen cryptocurrency.

The bipartisan GUARD Act (Reps. Zachary Nunn, Scott Fitzgerald, Josh Gottheimer) passed the House, allowing existing DOJ grant funds to be used for fraud analysts, victim-support training, blockchain tracing software, and financial-information sharing with law enforcement. It addresses scams like pig butchering, often run by transnational criminal groups overseas; Americans lost a record $11.4 billion to crypto-related fraud in 2025, including $8.6 billion in investment fraud. Senators Katie Britt and Kirsten Gillibrand introduced a Senate companion in July 2025, and the House also passed a bill retroactively eliminating the 'scam tax' on stolen funds for 2021-2025 victims.

The RecordSep 16, 18:28 UTC · 14h agoPolicy & legal

N0va Phishkit Targets US and EU Businesses: A New Challenge for Identity Security

N0va phishkit targets US and EU organizations with trusted-brand lures, capturing tokens via legitimate authentication flows to gain SSO access to corporate resources.

The N0va phishing kit targets organizations in government, technology, consulting, and healthcare across North America and Europe with lures impersonating Microsoft Teams, SharePoint, OneDrive, DocuSign, Google Drive, Dropbox, Zoom, and Adobe Sign. Victims are guided through legitimate authentication flows, including device code phishing, after which N0va captures access and refresh tokens and abuses token-exchange or device-registration mechanisms to establish SSO access. ANY.RUN tracks the campaign via a characteristic /api/verification/init URL pattern and demonstrates detection in its interactive sandbox.

The Hacker Newsupdated Sep 16, 14:54 UTC · 18h agofirst Sep 16, 11:58 UTC · 21h agoPhishing & fraud in the wild 9 sources2

Smishing Triad Hackers Use JWR Phishing Kit to Steal Cards, OTPs and Bank Credentials

Group-IB attributes large-scale smishing using the JWR real-time phishing kit to the Smishing Triad's Outsider cluster, harvesting card data, OTPs, and bank credentials.

Group-IB attributes a large-scale SMS phishing campaign to Outsider, an operator sub-cluster within the Smishing Triad phishing-as-a-service ecosystem, using a kit dubbed JWR. The Vue 2-based platform maintains real-time WebSocket communication with operators, enabling them to adapt pages live and harvest roughly 70 PII fields, card data, PINs, OTPs, identity document images, and digital wallet credentials via a dedicated PayPal sub-funnel. Unit 42 previously tied 194,345 malicious domains across 136,933 root domains to the broader operation since January 2024. Defenders can hunt for /api/open/ endpoints, /webSocket/QT/ paths, JWR-prefixed storage artifacts, and a hard-coded WebSocket token.

GBHackersupdated Sep 16, 13:39 UTC · 19h agofirst Sep 16, 11:57 UTC · 21h agoPhishing & fraud in the wild 2 sources

BlackHatSect0r Hackers Disable AI Safety Controls to Automate Credential Theft and Cyberattacks

French-speaking crew BlackHatSect0r disabled AI agent safety controls to automate scanning, credential harvesting, and vishing, exposing 16,834 stolen credentials.

Socradar researchers analyzed the exposed infrastructure of a French-speaking crew called BlackHatSect0r && DXQRTXX, which ran a Nous Research Hermes agent on a DeepSeek model with safety controls removed via HERMES_DISABLE_SAFETY=1. A custom Go-based C2 platform, DXSCAN, was exposed on port 8080 with over 200 secret-detection patterns, a vault of 16,834 harvested credentials, and scanning activity queuing 2.75 million domains and reaching more than 726,000 hosts. The kit also held a database of roughly 450,000 French telecom subscriber records used to prepare vishing lures impersonating Société Générale, plus JWT-forging tooling for a cryptocurrency exchange. Most confirmed compromises relied on exposed secrets and cloud misconfiguration rather than novel exploits; the one cited vulnerability, CVE-2026-42530, is an NGINX HTTP/3 QPACK use-after-free fixed in version 1.31.2.

GBHackers07:00 UTC · 2h agoThreat actor in the wild 3 sources CVE-2026-42530

Treasury’s Scott Bessent says no liability exemptions for AI labs

Treasury Secretary Scott Bessent urged Congress to reject AI labs' requested liability exemptions, arguing creator liability is the best safety guarantee.

Testifying before the House Financial Services Committee, Treasury Secretary Scott Bessent said the government should not grant frontier labs liability waivers, responding to Anthropic CEO Dario Amodei's slowdown essay. He cited Treasury's AI safety work since the release of Anthropic's Mythos model, whose cybersecurity risks prompted an April meeting, and coordination with banks and labs after the July Hugging Face cyberattack. Bessent also highlighted the Gold Eagle clearinghouse run with CISA and called for more US-built open-source models to counter China.

CyberScoopSep 16, 14:10 UTC · 19h agoAI policy

RatHat Abuses Android Wireless Debugging to Gain Shell Access and Steal Banking PINs

New Android banking trojan RatHat abuses Wireless Debugging to gain shell access and steals banking PINs and OTPs via raw touch capture.

Zimperium and zLabs analyzed RatHat, an Android banking malware linked to China-based actors that chains Accessibility abuse and Wireless Debugging to obtain a local ADB shell without a host computer. Masqueraded Go binaries in /data/local/tmp provide persistence and an FRP reverse tunnel, while a getevent-based collector maps touch coordinates to PIN pads and pattern locks using locateValues.json layouts. It targets banking, crypto, WeChat and Alipay apps through smishing, malicious ads, and HTML overlays, and serializes the accessibility tree for a generative AI assistant to automate on-screen actions. Layered anti-analysis includes malformed DEX, a padded manifest, and debugger, Frida, and emulator checks.

GBHackersupdated 08:55 UTC · 17m agofirst 08:01 UTC · 1h agoMalware in the wild 2 sources

Ukraine moves to crack down on scam call centers after corruption scandal

Ukraine's parliament passed legislation criminalizing fraudulent call centers with 7-12 year prison terms after a bribery scandal implicating prosecutors.

Ukraine's Verkhovna Rada passed legislation making electronic-communications fraud and organizing or working for fraudulent call centers separate crimes punishable by 7-12 years, awaiting President Zelensky's signature. The bill advanced after NABU alleged prosecutors took bribes since mid-2025 to shield scam call centers; five suspects were named and Prosecutor General Ruslan Kravchenko, who denies wrongdoing, was dismissed by parliament and presidential decree. Ukrainian authorities previously reported 411 searches and 94 suspected call centers shut down in one week, including a Kyiv operation that stole over $500,000 from dozens of Americans.

The RecordSep 16, 12:45 UTC · 20h agoPolicy & legal

The sexy AI-powered dating app scams are here

Anthropic exposed a network of roughly 28 AI-driven dating apps using autonomous personas and gig workers to defraud paying users.

Anthropic threat intelligence uncovered a fraud network of around 28 dating apps after a prepaid account sent over 100,000 Claude API requests daily, with most chats run by autonomous AI personas and no human agent. Researchers Matthew Gore-Kormanik and Anthropic's Chris Cronbaugh documented apps including Dora, Romi, and Doni, which monetize conversations via coins; gig workers were hired only to pass liveness checks and select pregenerated replies. An operations manual written in Chinese was found inside the Doni app, and Anthropic published findings in its September 2026 AI misuse report.

The Verge · AISep 16, 14:45 UTC · 18h agoPhishing & fraud in the wild