Finextra

AUGUST 21, 2024

Security researchers have identified a new phishing technique using progressive web applications (PWAs) to target customers of banks in Eastern Europe.

Phishing 111

Phishing Scams Research Security 111

Innovative Payments Association

JANUARY 13, 2025

The consequences of these scams can be devastating, both financially and emotionally. Common Payment Scams Targeting Seniors Phishing Emails and Texts: Scammers impersonate legitimate organizations, such as banks or payment apps, asking seniors to provide personal information or payment details.

Scams 52

Scams Law Enforcement Payments FBI 52

Fintech Finance

APRIL 10, 2025

Among consumers who have experienced scams, one-third were phone and email scams involving fraudsters impersonating the IRS. The survey also shows a 3% jump in victims of identity theft, where a bad actor uses someone else’s personal information to commit fraudulent activities. credit cards, loans, etc.)

Tax Refunds 92

Tax Refunds IRS Identity Theft Alternative Payment Methods 92

Fintech News

AUGUST 27, 2024

The State Bank of Vietnam (SBV) has recently alerted the public about a series of phishing scams involving imposters posing as the central bank. Fraudsters are impersonating the SBV via email, attempting to trick individuals into clicking on phishing links under the guise of updating their biometric information for banking purposes.

Phishing 116

Phishing Central Bank Scams Addressing 116

Fintech News

NOVEMBER 10, 2024

The State of Scams: Fall 2024 Biannual Threats Report, released end of October, highlights emerging threats and scams targeting the payment ecosystem, emphasizing the heightened complexity of fraud schemes and the availability of AI-driven tools.

Ransomware 109

Ransomware Data Breach Scams AI 109

PYMNTS

AUGUST 15, 2018

While it seems that Savedroid Founder Yassin Hankir pulled off a fake “exit scam,” the real ones are becoming a problem. News came this week that, according to one analysis, ICO exit scams have taken almost $100 million from investors. Why are these purported scams happening? In fact, Kaspersky arrived at its $2.3

Phishing 76

Phishing Scams Disputes Digital Currency 76

PYMNTS

AUGUST 24, 2020

In a case that highlights how anybody — truly, anybody — can be a victim of invoice fraud, federal officials have reportedly charged two brothers in New York State for an alleged $19 million scam targeting Amazon. Attorney Audrey Strauss described the scam as "a new twist on an old trick" through the use of "complex technology.".

Scams 119

Scams Business Email Compromise Ransomware Email Compromise 119

Fintech Finance

DECEMBER 6, 2024

Using device-based biometrics, such as fingerprints or facial scans, payment passkeys replace other authentication methods like one-time passwords (OTPs) to make online transactions not only faster and more convenient, but also more secure against fraud and scams.

Visa 98

Visa Authentication Scams Payments 98

Fintech News

JUNE 6, 2024

In recent years, the banking sector in the Association of Southeast Asian Nations (ASEAN) has witnessed a significant surge in scams and fraud activities. Recent phishing and fraudulent cases involving multiple banks in Singapore have highlighted the severity of this issue and the urgent need for banks to enhance their security measures.

Scams 105

Scams Phishing Deepfake Verification 105

Fintech News

APRIL 22, 2024

While this digital transformation offers undeniable convenience, it also introduces new challenges to mobile security in Indonesia Malware and phishing attacks pose a significant threat to the integrity and security of financial platforms, jeopardising both user data and financial security. A 2023 report by Kaspersky found that 40.8%

Phishing 112

Phishing Security Blocks Cybersecurity 112

Fintech News

FEBRUARY 28, 2024

Singapore’s fight against phishing scams saw notable progress in 2023, with a reported 16% decrease in cases and a 14% reduction in financial losses compared to the previous year. MAS will continue to support national education campaigns to raise awareness about scam tactics and the importance of exercising caution.

Phishing 102

Phishing Scams Authentication Authorization 102

The Paypers

APRIL 3, 2025

Cryptocurrency exchange Coinbase has been linked to suspected phishing scams resulting in losses exceeding USD 46 million in March 2025.

Phishing 60

Phishing Scams Cryptocurrency 60

Fintech News

FEBRUARY 4, 2025

Phishing continues to be one of the most prevalent scams affecting both consumers and businesses. Even in a highly secure payment environment with the widespread adoption of multi-factor authentication (3DS), phishing remains a major concern. Below are the most common types of fraud found now.

Fraud Prevention 85

Fraud Prevention Phishing Authentication Disputes 85

Fintech News

AUGUST 19, 2024

The syndicate was responsible for laundering proceeds from scams, including technical support scams in Singapore and other fraudulent activities in Hong Kong. Between January and July 2024, the SPF received 185 reports of technical support scams, resulting in losses exceeding S$ 17.9

Scams 111

Scams Money Laundering Cross-Border Phishing 111

The Payments Association

OCTOBER 28, 2024

From shifts in unauthorised card fraud to the evolving nature of authorised push payment scams, there’s a lot to unpack—and a lot at stake. One of the most alarming trends identified in the report is the continued rise in social engineering scams, which now account for a significant portion of fraud activity. million cases recorded.

Scams 88

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

The Fintech Times

JULY 10, 2024

This decision aims to fortify the defence against phishing scams, a persistent threat in the digital banking landscape. Despite their benefits in reducing unauthorised access, OTPs have become increasingly vulnerable to sophisticated phishing techniques, where scammers create fake websites to trick users into revealing their OTPs.

Phishing 59

Phishing Scams Authentication Financial Crimes 59

PYMNTS

APRIL 24, 2020

BleepingComputer.com reports that the Coronavirus Aid, Relief and Economic Security (CARES) Act has triggered the latest round of scams. . The phishing expedition, as explained by AbnormalSecurity.com , requests the recipient’s signature for PPP documents. Another scam attempts to collect online banking account information.

Phishing 63

Phishing Scams IRS Law Enforcement 63

PYMNTS

DECEMBER 28, 2020

Further, FinCEN said phishing schemes could surface targeting people with fraudulent vaccine information, the sale of unapproved and illegally marketed vaccines and the sale of counterfeit versions of approved vaccines. There have already been ransomware attacks aimed at medical research facilities working on vaccinations.

Fincen 127

Fincen Suspicious Activity Report (SAR) Scams Federal Trade Commission 127

PYMNTS

MARCH 2, 2020

Barbara Corcoran, a judge on the popular TV show “ Shark Tank ,” said she is “thrilled” about getting back almost $400,000 that she lost during a phishing email scam, according to reports. Scamming and phishing are increasingly more common; about 114,000 people admitted they were scam victims last year alone.

Phishing 60

Phishing Scams Wire Wires 60

BioCatch

MARCH 31, 2025

This philosophical approach provides a perfect framework for understanding modern voice phishing (vishing) defenses. A skilled judoka doesn't simply block an opponent's push; they strategically yield, pivot, and transform that forward energy into a disadvantage for the aggressor.

Scams 40

Scams Phishing Blocks 40

Fintech Finance

OCTOBER 24, 2024

Ahead of Money20/20 US, Visa , a global leader in digital payments, today published the State of Scams: Fall 2024 Biannual Threats Report. The latest edition of the report brings to light several emerging threats and scams targeting banks and consumers, including a surprising resurgence of small-scale physical crime.

Scams 98

Scams Ransomware Governance Government 98

The Fintech Times

FEBRUARY 3, 2025

The report highlights a 76 per cent surge in phishing attempts and a 42 per cent increase in fake IDs and suspicious biometric transaction detections, signaling a shift towards more sophisticated fraud methods. Account takeover scams saw a dramatic increase of 250 per cent last year.

Deepfake 81

Deepfake Account Takeovers Identity Theft Verification 81

FICO

JULY 7, 2020

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. Vishing is like phishing, but over the phone. Smishing is similar to phishing, but is executed through text messages. every month.

Scams 97

Scams Smishing Phishing IRS 97

The Fintech Times

NOVEMBER 27, 2024

Technology has given fraudsters new life, and while many are experimenting with new methods of attack, older forms of attack such as phishing have also risen to new highs. The BBB Scam Tracker Risk Report has found that 80 per cent of people targeted by such scams have lost money.

Phishing 64

Phishing Scams Money Laundering AI 64

Fintech Finance

DECEMBER 4, 2024

Specifically, more than half (58%) dealt with phishing scams in the past 12 months, where scammers pretended to be trusted companies to steal their personal information through email.

Account Takeovers 104

Account Takeovers Small Business Phishing Scams 104

PYMNTS

AUGUST 3, 2020

The Financial Crimes Enforcement Network (FinCEN) issued a press release warning financial institutions (FIs) and consumers about pandemic-related scams, including some connected to cryptocurrency. ” That includes malware and phishing schemes, extortion, business email compromise and more, sometimes involving demands for cryptocurrency.

Fincen 88

Fincen Scams Email Compromise Phishing 88

PYMNTS

FEBRUARY 1, 2021

40 legitimate email accounts of company executives have been compromised in a phishing campaign targeting businesses , according to Gov Info Security reports. The scam involves sending a phishing email claiming to be a Microsoft Office 365 update.

Data Breach 136

Data Breach Breach Business Email Compromise Scams 136

PYMNTS

AUGUST 2, 2019

To combat fraud — especially phishing — united we stand? As noted in the latest Digital Fraud Tracker , phishing attacks are up 76 percent this year compared to last year. Verizon has estimated that 30 percent of phishing messages are opened by their intended targets.

Phishing 79

Phishing Scams IRS Request for Information 79

Fintech News

JULY 9, 2024

Announced by the Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS), this move aims to better protect customers from phishing scams. Phishing scams were among the top five scam types last year, with at least S$14.2

Phishing 106

Phishing Scams Online and Mobile Banking Credential 106

FICO

FEBRUARY 23, 2022

That threat is fraud scams – tactics and techniques that fraudsters are using to trick people into giving away their money. The financial impact of scams is staggering indeed: in the UK alone, authorised push payment (APP) scams accounted for £479 million in gross losses in 2020. Fortunately, it’s not all gloom and doom.

Scams 98

Scams Fraud Detection Smishing Fraud Prevention 98

VISTA InfoSec

JUNE 18, 2024

Next, analyze potential risks like malware infections, phishing scams, or disgruntled team members leaking sensitive data. Kick things off with phishing awareness training. First, find out what your most valuable digital assets are – customer data, financial records, or proprietary information. Outdated software?

Data Security 266

Data Security Security Encryption Cybersecurity 266

PYMNTS

JANUARY 23, 2020

Many of these data breaches are the result of phishing, which dupes victims into giving up login credentials or other sensitive information that is either used for account takeovers or sold on dark-web marketplaces. Online scams were the most prevalent, consisting largely of fake money-transfer requests that affected 63 percent of consumers.

Phishing 64

Phishing Data Breach Breach Scams 64

FICO

MAY 27, 2021

The ‘courier scam’ is a global issue that intensified late last year and presented another worrying trend in the new world of digital payments and card scams. These scams are very successful — here’s how they work: 1. FICO is investing heavily in the global fight against fraud scams. The Financial Gain.

Scams 98

Scams Law Enforcement Compromise Fraud Prevention 98

Fintech News

MARCH 24, 2025

Top types of payment fraud in Singapore in 2025 The Adyen Index: Retail Report 2024 also highlights the most common types of payment fraud in Singapore observed from the company payment platform, emphasizing phishing, refund fraud, card testing and friendly fraud as the most prevalent payment fraud tactics in the city-state as of January 2025.

Phishing 52

Phishing Scams Payments Online and Mobile Banking 52

FICO

MARCH 29, 2020

Phishing attacks are on the rise, with fraudsters posing as legitimate organizations such as the World Health Organization in an attempt to get you to click links or open attachments that will install malware and steal information. Bear in mind fraudsters may be going door to door for scams such as disinfecting homes to gain access to a home.

Scams 92

Scams Tax Refunds Phishing Wire Transfer 92

PYMNTS

APRIL 9, 2019

A new type of phishing scam targets the HR departments of companies and asks for reroutes on direct deposit accounts, CNBC reported. KVC Health Systems, a child welfare nonprofit based out of Kansas City, has been hit with the scam. Last year, the Internal Revenue Service warned that scams like this were on the rise.

Direct Deposit 83

Direct Deposit Scams Wire Wires 83

VISTA InfoSec

FEBRUARY 25, 2024

Train Employees Build a workplace cybersecurity culture through new hire orientation plus continuous education covering threat awareness, safe internet usage, password policies, phishing identification, social engineering tactics, data handling procedures, and obligations to report risks proactively.

Data Breach 272

Data Breach Breach Multifactor Authentication Cybersecurity 272