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

BioCatch

MARCH 31, 2025

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. This philosophical approach provides a perfect framework for understanding modern voice phishing (vishing) defenses.

Scams 40

Scams Phishing Blocks 40

VISTA InfoSec

JUNE 18, 2024

Next, analyze potential risks like malware infections, phishing scams, or disgruntled team members leaking sensitive data. Even if passwords are compromised, those extra identity checkpoints block illicit access attempts. Kick things off with phishing awareness training. Outdated software?

Data Security 266

Data Security Security Encryption Cybersecurity 266

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

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. How to Fight Back.

Scams 98

Scams Law Enforcement Compromise Fraud Prevention 98

The Fintech Times

DECEMBER 6, 2024

Over the past 12 months, 58 per cent of surveyed SMEs said they had to deal with phishing scams. “Unfortunately, the lack of urgency from our previous provider forced us to take matters into our own hands working with our trusted web development agency to identify vulnerabilities and blocking attacks.

Account Takeovers 80

Account Takeovers Small Business Phishing Cybersecurity 80

Fintech News

JANUARY 10, 2024

In a broader strategy to combat increasingly sophisticated digital banking scams, MAS is collaborating with financial institutions, industry experts, and government agencies. ” MAS and Infocomm Media Development Authority (IMDA) have been working on a Shared Responsibility Framework (SRF) for phishing scams.

Accounts 109

Accounts Scams Phishing Payee 109

Fintech News

DECEMBER 17, 2024

He explained that Revolut Pays direct integration with exchanges provides end-to-end control over transactions, blocking fraudulent activities such as stolen card usage or elaborate investment scams. Revoluts move comes as crypto fraud, including phishing attacks and identity theft, becomes more sophisticated.

Transactions 113

Transactions Identity Theft Security Phishing 113

The Fintech Times

NOVEMBER 20, 2024

In fact, 75 per cent of US shoppers will encounter scams when looking to buy things online. In an attempt to ensure consumers do not fall victim, the Financial Technology Association (FTA) is launching its annual campaign, Smarter Than Scams. It also brings awareness to the most common scams consumers face during the holiday season.

Scams 64

Scams Romance Scams Technology Venmo 64

Fintech News

APRIL 2, 2024

This initiative, aimed at providing customers with enhanced protection against digital scams, allows individuals to block online access to a portion of their funds. billion of savings securely set aside as of March 2024.

Accounts 109

Accounts Scams Phishing Blocks 109

The Payments Association

MAY 7, 2025

From AI-driven scams to rising chargeback rates, the challenges are growing more complex and costly. 1) AI-driven fraud and deepfakes Fraudsters are increasingly leveraging Artificial Intelligence (AI) to conduct highly convincing scams. As we navigate through 2025, high-risk merchants face a rapidly evolving fraud landscape.

Risk 88

Risk Disputes Debit Card Cross-Border 88

PYMNTS

JULY 2, 2020

Account takeover fraud, phishing scams and friendly fraud have all seen upticks of late. Whatever a merchant does, the basic goal is the same across the ecosystem — let the maximum number of good transactions pass through seamlessly while blocking the bad ones and making the fraudster never come back.

Transactions 112

Transactions Push-to-Card Account Takeovers Fraud Prevention 112

Seon

OCTOBER 2, 2023

We look at how refund scams work and how the right precautions can stop them from damaging your business. What Are Refund Scams? Refund scams involve a criminal tampering with a POS (point of sale) terminal so it sends them an unwarranted refund. How Do Refund Scams Work?

Scams 52

Scams Phishing Fraud Prevention Returns 52

PYMNTS

JULY 21, 2020

This problem puts many at risk of falling victim to scams. This month’s Deep Dive examines the ways that bad actors try to exploit P2P payment app users via scams and account takeovers (ATOs). Criminals that successfully convince users to hand over login information can take control of the accounts and block out the original owners.

P2P 60

P2P Scams Security Account Takeovers 60

PYMNTS

MAY 22, 2020

The Federal Trade Commission (FTC) has received 18,235 reports of virus-centric scams since the beginning of the year, and these incidents have resulted in more than $13.4 These financial crimes are perpetrated using various techniques, and no one-size-fits-all defense can block them all. million in losses.

Fraud Prevention 74

Fraud Prevention Financial Crimes Federal Trade Commission Crime 74

PYMNTS

MAY 5, 2020

In an interview with PYMNTS, Mitch Pangretic, senior vice president of strategic partnerships at Elan , said that in-person card fraud may have decreased thanks to EMV chips and multi-factor authentication, but card-not-present (CNP) scams are increasingly gaining traction.

Fraud Detection 78

Fraud Detection Online and Mobile Banking Scams Issuers 78

CoinRemitter

MAY 20, 2024

According to Business Standards, the losses due to crypto scams grew 54% in 2023. These wallets were connected to terror financing, scams, and sanctions violations. This blog will look at some essential strategies to secure your cryptocurrency wallets against hacks, scams, or any attacks. Instead, consider cold storage.

Scams 40

Scams Cryptocurrency Security Phishing 40

PYMNTS

NOVEMBER 17, 2020

A recent study found that phishing websites and emails spiked as the event drew closer, with many fraudsters using the Amazon brand and logos to trick customers into surrendering their login data and payment card credentials,” per the Digital Fraud Tracker®.

Volume 72

Volume Transactions Account Takeovers Phishing 72

PYMNTS

MAY 25, 2020

Twenty-two percent of Americans have reported being targeted by COVID-19-related fraud, and these scams have seen more than $1.2 The following Deep Dive explores the methods bad actors are leveraging to scam bank customers and the methods FIs are using to stem the tide of fraud. Phishing attacks are some of the most common scams.

Financial Crimes 67

Financial Crimes Crime Scams Fraud Prevention 67

FICO

FEBRUARY 16, 2023

Using the data from these reports, issuers can act immediately to address known compromised cards with tactics like block/reissue or implement strategies to increase monitoring of those cards for signs of fraudulent activity. with scam detection score Follow me on LinkedIn for more insights about FICO’s innovative fraud fighting efforts.

Compromise 98

Compromise Scams Debit Card Smishing 98

PYMNTS

AUGUST 7, 2020

The research also noted a 40 percent increase compared to February in the number of blocked attempts to guide users to phishing websites for one of the most-visited gaming platforms. . The unprecedented rise in online gaming during the COVID-19 crisis is creating an ideal climate for fraudsters looking to launch scams.

Phishing 89

Phishing Data Breach Account Takeovers Verification 89

PYMNTS

SEPTEMBER 18, 2017

After blocking the traffic, the security team saw more of it the next day. They could also use data from the Equifax leak to engage in phishing scams to access more information, or they can hack into a victim’s email account and send requests for cash to be wire-transferred.

Breach 66

Breach Risk Data Breach Federal Trade Commission 66

Nanonets

NOVEMBER 14, 2023

BECs are cyber scams in which cybercriminals infiltrate or counterfeit legitimate business email accounts. The cybercriminal proceeds to infiltrate the company's email system through methods like phishing emails or email account spoofing, particularly targeting key employees. What is Business Email Compromise (BEC)?

Email Compromise 52

Email Compromise Business Email Compromise Compromise Phishing 52

PYMNTS

JULY 27, 2018

This means we’re able to block the majority of bad ad experiences, like malvertising and phishing scams, before the scams impact people,” Spencer said. “We We blocked 79 million ads in our network for attempting to send people to malware-laden sites and removed 400,000 of these unsafe sites last year.

Cryptocurrency 40

Cryptocurrency Scams Blocks Phishing 40

FICO

JUNE 15, 2020

Be on the Lookout for Scams. Educate yourself on how criminals specifically target the elderly , and teach your loved one what elder fraud scams are and how to avoid them. Since today’s elders are not digital natives, this will probably include your taking the opportunity to show them what phishing text messages look like.

Consumer Financial Protection Bureau (CFPB) 52

Consumer Financial Protection Bureau (CFPB) Elder Abuse Scams Credit Cards 52

PYMNTS

JULY 13, 2018

This means we’re able to block the majority of bad ad experiences, like malvertising and phishing scams, before the scams impact people,” wrote Spencer. “We We blocked 79 million ads in our network for attempting to send people to malware-laden sites and removed 400,000 of these unsafe sites last year.

Cryptocurrency 40

Cryptocurrency Scams Digital Currency Blocks 40

PYMNTS

FEBRUARY 14, 2020

While fraudsters are fond of experimenting with innovative scams, they do have a few favorite tricks. Phishing is another favored tactic for cybercriminals, who continued to make use of this tried-and-true method in 2019 with the illegal use of some of the most popular eCommerce logos to draw in unsuspecting consumers.

Online and Mobile Banking 60

Online and Mobile Banking Fraud Prevention Authentication Account Takeovers 60

Stax

APRIL 10, 2025

Each digital currency is created through a process called “mining” where powerful computers generate blocks of code that represent the currency to be stored on a public ledger called a blockchain. Digital currencies are instead based on a decentralized system and no single entity controls their supply.

Small Business 88

Small Business Wire Transfer ACH BNPL 88

PYMNTS

JUNE 2, 2019

According to Hard Fork , security firm East Security discovered that the hackers sent a phishing email to UpBit users asking for more information from customers regarding a fake sweepstakes payout. East Security believes a North Korean hacking group called Kim Soo-Ki is responsible for the email scam.

Bitcoin 47

Bitcoin Money Laundering Risk Assessment Cryptocurrency 47

Seon

MAY 8, 2024

The rise of generative AI is a double-edged sword, yielding significant productivity benefits while empowering fraudsters to craft more intricate and convincing scams at unprecedented volumes and velocities. This feature is invaluable in detecting phishing scams, especially in the financial service industry.

Online and Mobile Banking 52

Online and Mobile Banking Fraud Prevention Account Takeovers Bots 52

Seon

JUNE 15, 2023

The report states that these victims mostly lost their money to BEC scams. Fraudsters use manipulation tactics such as email-based phishing or take advantage of leaked company data to gain access to – and take over – one or more of the business’s accounts. Reported losses in 2020 exceeded $4.2

Email Compromise 52

Email Compromise Compromise Business Email Compromise Risk 52

Segpay

MARCH 10, 2025

Solution with Segpay: AI-Powered Fraud Detection Segpay uses advanced risk analysis, machine learning, and real-time fraud screening to block suspicious transactions. Optimizing Payment Processing to Reduce Costs Use Segpays automated fraud detection to block high-risk transactions before they become chargebacks.

Payment Gateways 40

Payment Gateways Gateways Payment Solutions Payment APIs and Integration 40

PYMNTS

FEBRUARY 3, 2020

But cybercriminals — as the January 2020 edition of the PYMNTS Digital Fraud Tracker points out — have found municipalities, and have been enthusiastically moving through them as they’ve discovered municipal employees, unused to being targeted, make an excellent target for phishing attacks. Take those sensor and data systems, for example.

Security 94

Security Ransomware Phishing Cybersecurity 94

PYMNTS

SEPTEMBER 17, 2020

While the rapid innovation that has swept a business world committed to full digitization has been incredible, Klossner said it’s also come with a downside: Fraudsters have also raised their game, going well beyond Nigerian prince scams and poorly written phishing emails. What’s Next.

AI 73

AI Returns Phishing Innovation 73

FICO

MAY 19, 2020

Blocked cards and frozen funds that are under investigation are a major headache to consumers and nimble organizations will be doing all they can to minimize these and to look at how they might make their policies more flexible. We need to be proactive in our communications to customers around scams. by Adam Davies.

Account Takeovers 52

Account Takeovers Identity Theft Scams Online and Mobile Banking 52

Fintech News

MARCH 3, 2025

Singapore recently passed the Protection from Scams Act , granting law enforcement the power to freeze bank accounts if they reasonably believe an individual is at risk of being scammed. Financial scams in Singapore reached SGD $385.6 First, we already know that scam threats are legitimate.

Scams 87

Scams Laws Law Enforcement Authorization 87

PYMNTS

JULY 13, 2018

It turns out companies are having some success in the everlasting battle against corporate fraud — in B2B, email phishing scams and supply chain attacks in particular. As pertains to supply chain risk, 49 percent said they’d prevented attacks there.

Risk 40

Risk Phishing Federal Trade Commission Debit Card 40