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How Machine Learning Fights “Hypnofraud”

FICO

Phishing, Smishing, Hypnofraud and More. Fraudsters use a range of tactics to commit social engineering; email (phishing) and text message (smishing) are time-tested winners. Authorized push payment scams manipulate the account holder into making the payment to an account controlled by fraudster—hence the term ‘’.

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6 Types of COVID-19 Scams to Watch Out For

FICO

COVID-19 scams are on the rise. In a recent webinar I hosted, we learned that 31% of participants had received a communication that looks like a COVID-19 scam in the past 30 days. Smishing is similar to phishing, but is executed through text messages. Quid pro quo scams offer a benefit to the victim in exchange for information.

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