PYMNTS

MAY 5, 2020

Advances in payments technologies are making consumer transactions more secure,” the report states. ” Phishing, Smishing and the Value of Education . Fraudsters are finding increasingly sophisticated ways to beat the system to commit financial fraud, however,” including big spikes in phishing attempts.

Credit Union 95

Credit Union Smishing Phishing Credit Union Service Organization 95

FICO

FEBRUARY 23, 2022

New data suggest that people are concerned about fraud, but one of the biggest threats seems to be flying under the radar, at least for consumers. Globally, consumers had the least amount of concern around being tricked into sending payments to a fraudster (less than 7%), even lower than their stated concerns about being pickpocketed (7%).

Scams 98

Scams Fraud Detection Smishing Fraud Prevention 98

FICO

FEBRUARY 23, 2022

New data suggest that people are concerned about fraud, but one of the biggest threats seems to be flying under the radar, at least for consumers. Globally, consumers had the least amount of concern around being tricked into sending payments to a fraudster (less than 7%), even lower than their stated concerns about being pickpocketed (7%).

Scams 52

Scams Consumer Fraud Detection Smishing 52

PYMNTS

MARCH 18, 2020

Vishing” and “smishing” are two phishing variants that have become more popular as QSR employees and consumers grow wise to the suspicious emails associated with phishing. These schemes rely on other means of communication: telephone calls for vishing and text messages for smishing.

Phishing 70

Phishing Smishing Fraud Prevention Point-of-Sale (POS) 70

FICO

JULY 7, 2020

Smishing is similar to phishing, but is executed through text messages. In one recent example, a criminal impersonated the leader of a UK-based energy firm using voice-generating AI software to convince a chief executive to wire $243K. every month.

Scams 97

Scams Smishing Phishing IRS 97

FICO

FEBRUARY 16, 2023

This growth trend is concerning not only for the FIs, but also for the consumers whose card details and account information are impacted. Consumers: Pay Attention to Detail Fortunately, there are several specific actions that both FIs and consumers can take to minimize the impact of skimming.

Compromise 98

Compromise Debit Card Scams Smishing 98

FICO

JUNE 21, 2021

In a year that presented fraudsters with new opportunities to exploit consumers, UK financial institutions continued to lead the charge to reduce European card fraud. Phishing and smishing attacks come almost exclusively from data compromise and result in several point attacks.

Smishing 52

Smishing Phishing Monetary Loss Compromise 52