fraudsters

Fraudsters are individuals who deceive others for illicit financial gain, using tactics such as cloning contactless payment cards, fabricating evidence in insurance claims, and exploiting weak oversight. They operate across consumer finance, insurance, and other sectors where money or trust can be abused.

Why it’s in the news: They are in the news because new technologies like AI and contactless payments, plus rising defense budgets and events such as mass weddings, are creating fresh opportunities for fraudulent schemes.

Latest on fraudsters

• Smooth-talking fraudsters clone contactless cards, authorize payments in just 13 minutes
• Nigeria's mass wedding - and how telling lovers from fraudsters is proving tricky
• Felons, Fraudsters Flog Offensive Cybersecurity Startup
• Brit fraudsters using AI to doctor 'evidence' in motor insurance claims
• EU calls for transparency, governance as rising defense spending attracts fraudsters
• AI lowers moral barriers to crime, expanding pool of would-be fraudsters
• Trucking companies deployed AI fraud detection to catch staged accidents — and now the scammers are using AI to stage them better.
• [via Aviva]

Connections

7 entities linked to fraudsters across the news graph.