fraud (2)

ProxyLTE, a supplier of US based mobile and home router proxies, has been identified as one component in a large-scale fraud, targeting a Wapack Labs’ client. ProxyLTE.com was created in late 2017, however associated malware was first observed in 2013. This report includes details on ProxyLTE malware and associated infrastructure.

MIT researchers have developed a system that reduces false positives for credit card frauds. Researchers call it automated feature engineering, which allows them to monitor the spending of an individual and add features based on their spending habits.[1]  To do this, they extract 200 detailed features per individual transaction to provide examples that would be available if the user was present.  It additionally would capture the average…