article thumbnail

Fraud Scams Skyrocket, But People Worry More About Pickpockets

FICO

A simple phish or smish can turn into a nightmare for a consumer whose guard is down and is using their preferred communication method (text or email) to respond to a legitimate-looking message. At FICO, we’ve been committed to fighting fraud for more than 30 years, and we’re continually innovating to combat evolving schemes.

Scams 98
article thumbnail

Fraud Scams Skyrocket, But Consumers Are More Concerned About Pickpockets

FICO

A simple phish or smish can turn into a nightmare for a consumer whose guard is down and is using their preferred communication method (text or email) to respond to a legitimate-looking message. At FICO, we’ve been committed to fighting fraud for more than 30 years, and we’re continually innovating to combat evolving schemes.

Scams 52
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

To Stop Scams, It’s Time to Add Sensible Friction to Easy Money

FICO

They use sketchy providers who don’t normally work with law enforcement and then phish, smish, email, and robocall the heck out of people. Our report opened my eyes because 77% of consumers worldwide say they want their banks to implement better fraud detection in general. Many folks wonder: who would fall for these ploys?

Scams 52
article thumbnail

ASIC Sues HSBC Australia Over Scam Failures Leading to A$23 Million in Losses

Fintech News

The scams often involved fraudsters impersonating HSBC staff to gain access to customer accounts, frequently through smishing attacks that tricked customers into revealing sensitive information.

Scams 79