Nikolas Kokovlis | Nurphoto | Getty Images Visa on Monday said it is acquiring fraud detection startup BioCatch for $2.4 billion in cash, expanding the payment giant’s push into cybersecurity as banks confront a surge in artificial intelligence-powered scams and account takeovers. Under the deal, Visa will get BioCatch’s behavioral biometrics platform, which analyzes data…
Vladimir Vladimirov | E+ | Getty Images For victims of fraud, a second financial blow sometimes comes their way — they owe taxes on the stolen money. Scam victims have faced restrictions on whether they can claim their losses as a deduction on their tax return since 2018, due to a temporary change under the…
A selection of Louis Vuitton handbags is neatly arranged on a shelf inside a luxury boutique in Bari, Italy, on July 2, 2025. (Photo by Matteo Della Torre/NurPhoto via Getty Images) Nurphoto | Nurphoto | Getty Images A New York woman who worked as a personal assistant pleaded guilty to wire fraud on Wednesday for…
A sign advertises a Bitcoin ATM at a gas station on July 16, 2025 near Pasadena, California. Mario Tama | Getty Images According to the FBI, $240 million was lost to cryptocurrency ATM scams in the first six months of 2025 — about double the pace of similar scams in 2024. The growing pace of…
10’000 Hours | Digitalvision | Getty Images Criminals are increasingly pilfering the retirement and other financial accounts of older Americans via so-called “imposter” scams, the Federal Trade Commission reported Thursday. The frauds tend to go like this: Scammers conjure a fake crisis and pose as trustworthy sources — perhaps a representative for a bank or…
The Trump Organization has filed a lawsuit against unnamed online merchants it said are hawking counterfeit merchandise promoting President Donald Trump. In the suit, filed Friday in U.S. District Court in Florida, the company accused the merchants of selling “inferior imitations” of Trump-branded products on several online marketplaces, including Amazon, Walmart and eBay. The Trump…
Job-seeking impostors, including deepfakes, are exploiting the remote work trend, defrauding U.S. companies and potentially threatening U.S. national security, according to experts. Approximately 17% of hiring managers surveyed said they had encountered candidates using deepfake technology to alter their video interviews, according to career platform Resume Genius. It surveyed 1,000 hiring managers across the United…
