Fraud Alert is your go-to source to discover the latest fraud and scams in the industry. Alerts come directly from professionals working in the anti-financial crime industry. Discover the trends and stay ahead of the curve with insights from subject-matter experts around the globe. Be a part of the global financial crime detection and prevention exchange.
Credit cards are susceptible to attacks via a number of avenues. A recent type of attack is called “enumeration attack,” where fraudsters employ automated trial-and-error authorization attempts on credit card numbers at unwitting merchants. The attack roughly follows this pattern: The attacker attempts a low...
Editor’s note: This article is the second in a two-part series by the author on cryptocurrency and fraud. The first article, “Crypto Kaleidoscope,” is available on ACAMSToday.org. As every amateur guitar player comes to realize, volume and reverberation are allies when it comes to countering...
Law enforcement (LE) in the U.S. is aware that financial crimes are increasing yearly and is taking a proactive approach through collaborative efforts such as private-public partnerships and partnerships between LE agencies. Ceasing the efforts of financial criminals is an uphill battle. In order to...
Editor’s note: This article is the first in a two-part series by the author on cryptocurrency and fraud. Many people are both compelled and confused by crypto. This is understandable as it is difficult to aurally reconcile the cacophony from critics, the Muzak from adherents...
When thinking of employees who have reached managerial roles or work in loss prevention, the last attribute that comes to mind is untrustworthy. However, that is exactly what they were in 2022 at Amazon. These roles naturally convey trust, which can lead to unquestioned agreement...
