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As I’ve previously blogged , the state of scams in Sweden has been a hot topic in the media over the past few months, not least due to a show on Swedish SVT where an investigative journalist followed a criminal gang who used social engineering to convince elderly people to transfer their savings through a hybrid smishing and vishing campaign.
“Credit unions across the country are on high alert for scammers looking to take advantage of members during the pandemic and are stepping up fraudprevention efforts as a result,” according to PYMNTS’ April Credit Union Tracker® done in collaboration with PSCU. ” Phishing, Smishing and the Value of Education .
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. Digital And Analog FraudPrevention.
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. For more insights about global consumer sentiments on fraudprevention, download our recent whitepaper: FICO® Consumer Fraud Survey: 2021.
In an incredibly challenging year, only five of the 18 countries analysed by FICO achieved a reduction in card fraud. This success is testament to the tenacity of the UK banks, which have always favoured customer service over fraudprevention and focused on enabling new, secured channels.
An additional 37 per cent of Brits are most concerned about fraud via social media channels. With 54 per cent of Brits unfamiliar with social engineering, encompassing deceptive tactics such as phishing or smishing, the majority of the population remains vulnerable to potential fraud attempts.
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. For more insights about global consumer sentiments on fraudprevention, download our recent whitepaper: FICO® Consumer Fraud Survey: 2021.
Now, I can practically send, transfer, or pay by accident by simply looking at my smartphone, which can make fraudprevention a real challenge. They use sketchy providers who don’t normally work with law enforcement and then phish, smish, email, and robocall the heck out of people.
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