The Fintech Times

AUGUST 31, 2024

Eric Jardine, cybercrime research lead at Chainalysis “Taken together, these two data points strongly suggest that scammers are pivoting away from elaborate ponzi schemes that cast a wide net, to more targeted campaigns like romance scams or address poisonings,” explained Eric Jardine , cybercrime research lead at Chainalysis.

Romance Scams 59

Romance Scams Scams Law Enforcement Crime 59

Fintech Finance

NOVEMBER 13, 2024

Authorised Push Payment (APP) fraud continues to be one of the most pressing concerns for financial services, the payment industry, law enforcement and the general public – and new developments in cross-border payments may be making it easier.

Cross-Border Payments 78

Cross-Border Payments Cross-Border Law Enforcement Romance Scams 78

The Payments Association

OCTOBER 28, 2024

Romance scams, though smaller in number, are notable for their emotional and psychological toll on victims. In these scams, fraudsters develop a relationship with their target, often over a prolonged period, before fabricating personal crises to solicit financial help. Losses from romance scams amounted to £14.5

Scams 88

Scams Push-to-Card Fraud Detection Online and Mobile Banking 88

Neopay

MAY 28, 2024

The financial services sector is at the forefront of efforts to protect customers from fraud, including partnering with other sectors, government and law enforcement to prevent and disrupt this criminal activity and bring perpetrators to justice. Purchase scams account for 67 per cent of the total number of APP cases.

Scams 52

Scams Push-to-Card Romance Scams Crime 52

Fintech News

FEBRUARY 21, 2024

The introduction of more sophisticated fraud detection technologies and a growing awareness among investors about the risks of scamming tactics contributed to this downward trend. These tools have enabled law enforcement agencies to trace the flow of funds, unmasking the networks behind criminal operations.

Crime 95

Crime Ransomware Scams Stablecoins 95

FICO

FEBRUARY 19, 2020

The ability to move money through multiple accounts quickly, makes it difficult for law enforcement to track criminal proceeds. It is not a new type of fraud, but the speed in which criminals can access the money they have scammed and the irrevocable nature of such payments makes it more attractive.

Real Time Payments 92

Real Time Payments Financial Crimes Crime Account Takeovers 92

PYMNTS

JUNE 10, 2019

The group has evolved from a “one-man shop” that originally scammed victims on Craigslist , and now has dozens of fraudsters targeting smaller firms through BEC — with an emphasis on U.S. The fraud evolved into romance scams a few years later, then BEC scams in 2015. “I companies and government agencies.

Business Email Compromise 51

Business Email Compromise Scams Romance Scams Counterfeit Check 51