How bad has Singapore’s scamming problem gotten? Authorities are considering corporal punishment for offenders. “We believe in caning as a strong deterrent,” Loretta Yuen, chair...
Binance and Kraken were reportedly targeted in a social engineering cyberattack. As Bloomberg News reported Friday (May 16), the hacking attempts were similar to the...
Criminals are “flooding” Facebook and Instagram with bogus ads and marketplace listings, fueling what The Wall Street Journal calls an “epidemic of scams” that is...
Generative AI tools are reportedly powering a new threat to companies: job seekers who aren’t who they say they are. Using artificial intelligence (AI) tools...
British banks, tech companies and telecoms are reportedly pledging to increase their data-sharing on fraud. This pledge, as the Financial Times (FT) reported Monday (March 31), comes...
The payments landscape is more sophisticated than ever, but so are fraudsters. With financial institutions (FIs) deploying artificial intelligence (AI), machine learning (ML) and other...
Credit unions (CUs) have long prided themselves on being the “people’s bank” — local, personal and rooted in trust. But guess what? That makes them...
Scams against banks and their customers have exploded. Fraudsters pull at human nature in a bid to gain access to accounts and drain them —...