Uncovered: School for credit card fraud gangsBy analyzing hundreds of criminal forums, Digital Shadows, leader in digital risk management, has discovered a new trend in the form of remote learning ‘schools’ pointing to an ecosystem enabling fraudsters s to up-skill themse More… |
Bank Muscat to recover $39m card fraud amountBank Muscat, Oman's top lender, said the bank will recover the $39 million it lost in a global pre-paid card fraud after insurers agreed to indemnify the loss. In a globally co-ordinated campaign, hackers broke into two uniden More… |
Ex-Bahrain bank employees jailed for $4m fraudTwo former Bahrain bank employees who stole BD1.6 million ($4.24 million) by creating duplicate credit cards using fake names have each been jailed for 10 years. The Bahrainis were convicted of fraud at the High Criminal Court. Acc More… |
Cybercrimes across GCC ‘double in 1 year’The number of active computers across the GCC falling prey to cybercrimes, including viruses, online credit card fraud and identity theft, has seen a rise of 116 per cent in less than a year, said a report. Figures also showed that in the More… |