DoJ and Microsoft Seize 107 Russian Domains in Major Cyber Fraud Crackdown, Disrupt Russian Intelligence Phishing

The Justice Department announced on October 3rd, the unsealing of a warrant authorizing the seizure of 41 internet domains used by Russian intelligence agents and their proxies to commit computer fraud and abuse in the United States. As an example of the Department’s commitment to public-private operational collaboration to disrupt such adversaries’ malicious cyber activities, as…

42.5% of Fraud Attempts Are Now AI-Driven: Financial Institutions Rushing to Strengthen Cyber Defences

As cybercriminals increasingly turn to artificial intelligence to execute complex fraud schemes, the financial sector finds itself in a high-stakes battle to protect its customers and assets according to a press release today. New data from the 2024 report Battle Against AI-Driven Identity Fraud by Signicat reveals that AI-driven fraud now constitutes 42.5% of all detected fraud attempts…