Are NFTs safe? 3 things you should know before you buy
NFTs, or non-fungible tokens, have captured the attention (and wallets) of consumers and businesses around the world. This is largely in part to the big price-tag sales, such …
Facebook Messenger users targeted by a large-scale scam
A large-scale scam campaign targeting Facebook Messenger users all over the world has been detected by Group-IB. Digital Risk Protection (DRP) analysts have found evidence …
The impact of the pandemic on AML compliance and fraud strategies
New research from FICO highlights the key challenges North American fraud and financial crime teams faced amidst the COVID-19 pandemic. 68 percent of senior executives said …
With more than 400,000 crypto scams created in 2020, increase of 75% predicted for 2021
The findings of a Bolster report, along with real life examples, clearly correlate the rise in crypto scams to the value and popularity of cryptocurrencies as well as the …
Total combined fraud losses climbed to $56 billion in 2020
While total combined fraud losses climbed to $56 billion in 2020, identity fraud scams accounted for $43 billion of that cost. Traditional identity fraud losses totaled $13 …
Phishers’ perfect targets: Employees getting back to the office
Phishers have been exploiting people’s fear and curiosity regarding breakthroughs and general news related to the COVID-19 pandemic from the very start, and will …
New phishing campaign targets taxpayer credentials
A new phishing campaign is targeting U.S. taxpayers with documents that purport to contain tax-related content, but ultimately deliver NetWire and Remcos malware – two …
Alarming number of consumers impacted by identity theft, application fraud and account takeover
A new report, developed by Aite Group, and underwritten by GIACT, uncovers the striking pervasiveness of identity theft perpetrated against U.S. consumers and tracks shifts in …
Digital-first lifestyle opens consumers to potential risks during tax season
Consumers have faced a lot of change over the past year with the shift to a digital-first lifestyle, and tax season with increasing risks is no exception. McAfee’s 2021 …
Alexa Skills: Security gaps and data protection problems
With the voice commands “Alexa Skills,” users can load numerous extra functions onto their Amazon voice assistant. Amazon screens special voice assistant functions for …
Nearly 40% of consumers lost money to phone scams in 2020
Businesses and consumers are relying on the voice call more than ever during the pandemic with voice traffic up 184% in 2020 compared to 2019, according to a Hiya report. …
Researchers develop approach that can recognize fake news
Social media is increasingly used to spread fake news. The same problem can be found on the capital market – criminals spread fake news about companies in order to …
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