The losses suffered by Americans as a result of fraudulent bank transfers and payments have significantly increased over the past five years, according to government numbers. Data from the Federal Trade Commission (FTC) shows that US consumers lost $2.088 billion to fraudulent bank transfers and payments in 2024. The amount is significantly higher than the […]
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The US government is asking victims of a recently busted crypto fraud scheme to come forward to collect their lost money. In a press release from the U.S. Attorney’s Office for the Eastern District of Virginia, officials say they have recovered and cleared the title to $7 million of investment fraud proceeds using civil asset […]
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An insider at a bank with branches across the US is accused of forging documents to steal funds from customers’ accounts. The Department of Justice (DOJ) says that while working as a teller at the unnamed bank’s branch in Boston, Massachusetts, Derek Aut lifted $180,000 from the accounts of two customers. To carry out his […]
The post Insider at Major US Bank Quietly Drains $180,000 From Two Customers’ Accounts, Alleges Department of Justice appeared first on The Daily Hodl.
The FBI is issuing an alert over an ongoing ransomware campaign known as “Medusa” that’s hit hundreds of victims. Medusa is a type of malicious software first discovered in 2021 that encrypts its victims’ files before demanding a ransom in exchange for a decryption key. Medusa actors typically gain initial access through deceptive phishing emails […]
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A billion-dollar bank is warning customers after a cybersecurity breach affecting thousands of customers. In a filing with the Office of the Maine Attorney General, Western Alliance Bank says an unauthorized actor exploited a vulnerability in a third-party file transfer software system it uses. The breach, which was discovered in late January and happened in […]
The post 21,899 Bank Customers Affected As US Lender Suffers Cybersecurity Breach, Hacker Taps Social Security Numbers and Other Sensitive Information appeared first on The Daily Hodl.
Wells Fargo and two of its business partners are set to fork out millions of dollars to individuals and businesses after agreeing to settle a class action lawsuit that alleged sales calls to potential customers of the fourth-largest US bank were secretly recorded for nearly a decade. According to the settlement administration portal, Wells Fargo […]
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The U.S. Secret Service is targeting the masterminds behind the Russian crypto exchange Garantex for their role in an alleged money laundering operation. In a press release, the Secret Service says it is going after Garantex for allegedly facilitating the transaction of hundreds of millions of dollars in criminal proceeds, some of which was used […]
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A data scientist who graduated from the University of Pennsylvania’s prestigious Wharton School allegedly played a key role in tricking America’s biggest bank into investing massive amounts of money in a company that turned out to be a fraud. In 2016, 24-year-old Charlie Javice founded a financial aid assistance company called “Frank” and ultimately convinced […]
The post JPMorgan Chase Tricked Into Signing $175,000,000 Deal to Acquire Sham Company in Alleged Bank Fraud Conspiracy: Report appeared first on The Daily Hodl.
An employee at a billion-dollar bank transferred a massive pile of cash from customer accounts without permission for his own purposes, according to the Federal Deposit Insurance Corporation (FDIC). In a new filing, the FDIC alleges that while working as an international sales representative at the International Bank of Commerce in Laredo, Texas, Martin Fernandez, Jr. […]
The post Billion-Dollar Bank’s Employee Secretly Transfers $123,000 From Customer Accounts to His Associates: FDIC appeared first on The Daily Hodl.
Millions of debit and credit cards have been leaked on the dark web amid an explosion in the number of devices infected by data-stealing malware, according to cybersecurity and anti-virus firm Kaspersky. Kaspersky says that from 2023 to 2024, at least 2.3 million bank cards were exposed via infostealer malware and posted on the dark […]
The post 2,300,000 Credit and Debit Cards Leaked on Dark Web As Hackers Infect Millions of Devices, Drain Bank Accounts: Report appeared first on The Daily Hodl.
