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Credit Unions, CUSOs Fighting Fraudsters

PYMNTS

Fraudsters are finding increasingly sophisticated ways to beat the system to commit financial fraud, however,” including big spikes in phishing attempts. ” Phishing, Smishing and the Value of Education . “Advances in payments technologies are making consumer transactions more secure,” the report states.

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Know About Phishing Attacks & Safeguard Your Crypto Assets on Coinremitter

CoinRemitter

What is a phishing attack? The cyber phishing attack is intended to trick individuals into submitting/giving up sensitive information (such as private keys, passwords, etc.). On the other hand, vishing (voice+phishing) consists of attacking individuals through voice calls.

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The Big Spike In ‘CEO Fraud’

PYMNTS

Phishing/vishing/smishing/pharming, non-payment/non-delivery, extortion and personal data breaches were among the favored attack patterns last year. By comparison, phishing scams usually bring in between $300 – $500, while ransomware attacks cost around $4,400.

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How Fraudsters Create New Schemes With Social Engineering

PYMNTS

Other fraudsters may go directly after restaurant employees with phishing schemes, a popular method for gaining access to data. 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.

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6 Types of COVID-19 Scams to Watch Out For

FICO

With phishing, bad actors use malicious emails that are disguised as legitimate to trick people into providing sensitive information or taking potentially dangerous action. Vishing is like phishing, but over the phone. Smishing is similar to phishing, but is executed through text messages. every month. Pretexting.

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Deep Dive: Emerging Security Threats Facing The CU Space And How Data Analytics Can Help

PYMNTS

Three common forms of fraud that can threaten credit unions (CUs) are check fraud, card fraud and automated clearing house (ACH) fraud, and fraudsters often deploy phishing emails to deceive and defraud customers. Rise in Phishing Attacks and Data Breaches. Phishing attacks can also target CU employees.

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European Card Fraud 2020: UK Shrinks Fraud Losses by £46M

FICO

Norway Sees Massive Rise from Phishing Attacks. The Norway attacks centre around large-scale phishing and smishing efforts , designed to introduce a scam which ultimately ends in fraudulent Card Not Present (CNP) transactions. Hungary also made significant progress.