IRS Unveils Tech Overhaul After Uncovering $21 Billion Financial Crime Operation
The IRS is launching CI-FIRST, a technology modernization program, after detecting $21.1 billion in tax and financial fraud between 2022-2024. The initiative aims to enhance collaboration with financial institutions and streamline data sharing to combat sophisticated financial crimes.
FTC Sues AI-Powered Amazon Store Scam That Defrauded Investors of Millions
A Florida-based e-commerce company claimed to use AI and a '$5 million supercomputer' to run automated Amazon stores, charging investors up to $75,000. The FTC revealed the technology was fake, with most stores generating minimal revenue or getting suspended.
Major Data Breach at Employee Screening Giant Exposes 3.3 Million People's Personal Data
A massive cybersecurity breach at DISA Global Solutions compromised sensitive information of over 3.3 million individuals, remaining undetected for two months. The Houston-based employee screening company, which serves Fortune 500 clients, is now offering identity theft protection while authorities investigate.
Dark Web Marketplace Releases 1 Million Stolen Credit Cards in Mass Data Breach
B1ack's Stash marketplace has leaked over 1 million stolen credit card records on the dark web, including detailed personal information of cardholders. The massive data dump appears to be a marketing tactic to attract users to their criminal enterprise platform.
Avery Discovers Credit Card Theft Malware During Ransomware Attack Investigation
Avery Products uncovers a widespread credit card skimming operation affecting 67,000 customers while investigating a December ransomware incident. The malware, active for six months, captured sensitive payment details including CVV numbers, leading to reports of fraud.
Identity Thief Jailed After Victim Discovers Impersonator Living His Life
In a bizarre case of stolen identity, an Iowa man discovered someone had been working and living under his name at the University of Iowa for years. The real William Woods' persistence led to the arrest and 12-year prison sentence of Matthew Keirans, highlighting the devastating impact of identity theft.