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Cybercriminals Implemented Artificial Intelligence (AI) for Invoice Fraud

Security Affairs

Resecurity has uncovered a cybercriminal faction known as “ GXC Team “, who specializes in crafting tools for online banking theft, ecommerce deception, and internet scams. These methods are commonly employed in wire fraud and well-known bogus invoice scams. billion on organizations.

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Pay it safe: Group-IB aids Paxful in repelling a series of web-bot attacks

Security Affairs

Group-IB assisted Paxful, an international peer-to-peer cryptocurrency marketplace, in countering web-bot and social engineering attacks. They are a big headache for eCommerce businesses today, with cybercriminals using them to steal money, brute-force user credentials or carry out DDoS attacks.

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Web3 Cybersecurity: Are Things Getting Out of Control?

eSecurity Planet

The platform is a part of Binance, the world’s largest cryptocurrency. billion in stolen cryptocurrency in DeFi (decentralized finance) projects this year. CertiK’s Security Suite has tools to identify and avoid scams. In the early days of ecommerce during the mid-1990s, there were many problems with security.