It’s well known that fraudsters are nothing if not creative and cunning as they continually seek to prey on the most basic human traits of altruism and sympathy. There are few things more despicable than those who scam the most vulnerable among us or use...
The Pakistan Federal Investigation Agency (FIA) has said it wants to talk with cryptocurrency exchange Binance about a scam that has grifted over $100 million from several thousand investors, CoinDesk reported Monday (Jan. 10). The scam in question had to do with 11 mobile applications,...
More consumers returned to shopping in physical stores after the Thanksgiving holiday. Seventy-three percent reported shopping for their holiday purchases in stores in December, up from 71% in November, according to “Digital Economy Payments,” a PYMNTS report based on a survey of 3,070 U.S. consumers....
Binance, a popular cryptocurrency exchange, is under investigation by Pakistan regulators over a multi-million-dollar Ponzi scheme, Dawn reported Friday (Jan. 7). The Federal Investigation Agency’s (FIA) Cyber Crime Wing has issued a notice to the company, according to the report. Many online investment frauds are...
The Federal Bureau of Investigation is warning that people who post their phone numbers online as a point of contact when selling goods, or for other reasons, could be exploited by Google Voice authentication scams. The FBI’s Portland Oregon’s office said that they’ve even been...
The Broward Health hospital system has notified over 1.3 million patients that their personal information was exposed in a data breach dating back to Oct. 15. The Florida hospital system said on Saturday (Jan. 1) that names, addresses, phone numbers, Social Security numbers, bank account...
Online fraudsters have gotten more and more sophisticated, making it tougher or financial institutions (FIs) to tell the difference between customer and scammer. Knowledge-based authentication tools (passwords, for example) can easily be compromised by fraudsters during CNP transactions, sometimes making it impossible to confirm user...
The European Union’s independent data protection authority has identified how data collected during card-based payment transactions can be used to profile customers and, if not handled adequately, can increase the risks of cyberattacks. The European Data Protection Supervisor (EDPS), in a report published on December...
T-Mobile has confirmed that it was aware of SIM swap attacks affecting what it said was a “very small” number of customers, Bleeping Computer reported Wednesday (Dec. 29). The carrier said the impacted customers had been informed already. A SIM swap attack is when social...
