Remove 2022 Remove Compromise Remove Smishing
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US Card Skimming Grew Nearly 5x in 2022, New FICO Data Shows

FICO

For 2022, we saw a significant increase in compromised cards resulting from skimming activity. Total compromise cards were up 368% from 2021, with more than 161,000 impacted cards identified — nearly a 5x increase over 2021. And the data from January 2023 is already trending at nearly 10x increase over 2022.

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SIM Farm Fraudsters Caught and Sentenced in the UK Having Stolen £220,000

The Fintech Times

They would pose as legitimate organisations to manipulate banking customers into handing over money and banking details, with fraud attacks being committed between August 2022 and March 2024. During this time, they stole a total sum of 223,183.53. Orjih was identified as being an accomplice through messages with Oxford-Faparusi.