720-891-1663

Check Fraud on Pace for Record Year – Consider Electronic Payments

Thru October, depository institutions (mainly banks) filed 440,000 suspicious activity reports (SARs) related to check fraud according to the Financial Crimes Enforcement Network or FINCEN. Last year, for the same period, that number was 420,000. This puts us on track for 500,000 reports for the year, which is double the number from 2021. To help […]

Continue reading → [DISPLAY_ACURAX_ICONS]

Amazon Spends $1.2 Bil a Year to Investigate Fraud

Apparently folks think Amazon is their personal piggy bank. Amazon said that last year alone they spent at least $1.2 billion employing investigators to manually detect fraud (this is in addition to their automated fraud detection) and have 15,000 people working to combat fraud, theft and abuse. This translates to higher prices for you. One […]

Continue reading → [DISPLAY_ACURAX_ICONS]

Security News for the Week Ending December 8, 2023

US Warns That Iran Terrorists Broke into Multiple US Water Facilities Last week I reported that the Aliquippa, Pennsylvania Water Authority fessed up to the fact that hackers successfully broke into their network, compromising a pump station, using a vulnerability in an Israeli OT network system that is repackaged by multiple vendors. Now the FBI, […]

Continue reading → [DISPLAY_ACURAX_ICONS]

Feds Propose New Security Regs for Hospitals to Get Medicare/Medicaid $

Health and Human Services (HHS) says it is planning to take a range of actions to reduce cyberattacks on hospitals which have gone a bit crazy in the last few years. They released the proposal yesterday. The plan is to tie the new cybersecurity requirements through the Medicare and Medicaid programs, tying payments to baseline […]

Continue reading → [DISPLAY_ACURAX_ICONS]

May 7th, 2025 – Let the Chaos Begin

Real ID, a misguided effort by the feds to make everyone have a less easily fakeable driver’s license (notice I did not say a secure driver’s license) came out of the 9-11 attacks. For the last 20 years the feds have been trying to get the states to implement the law, with many states resisting […]

Continue reading → [DISPLAY_ACURAX_ICONS]

AI Models Cracked Open by Security Researchers

No big surprise here. Researchers have gotten full read and write access to Meta’s Bloom, Meta-Llama and Pythia large language models in a typical example of supply chain risk. If they had been hackers or a non-friendly nation, they could have poisoned the training data, stolen the models and datasets and other unfriendly things. AI […]

Continue reading → [DISPLAY_ACURAX_ICONS]