Fintech Finance

APRIL 10, 2025

Among consumers who have experienced scams, one-third were phone and email scams involving fraudsters impersonating the IRS. TurboTax, HR Block, TaxSlayer) 27% will file electronically or by mail through a professional (e.g., TurboTax, HR Block, TaxSlayer) 27% will file electronically or by mail through a professional (e.g.,

Tax Refunds 92

Tax Refunds IRS Identity Theft Alternative Payment Methods 92

Fintech News

APRIL 22, 2024

Thailand’s Securities and Exchange Commission (SEC), in conjunction with the Ministry of Digital Economy and Society and other relevant agencies, has initiated measures to block unauthorised access to digital asset service providers’ platforms.

Blocks 114

Blocks Law Enforcement Money Laundering Crime 114

Fintech News

OCTOBER 14, 2024

The Singapore Police Force (SPF) and the Monetary Authority of Singapore (MAS) have issued a joint warning about a sharp increase in government impersonation scams. These scams involve fraudsters posing as bank officers, often from major banks like DBS, OCBC, UOB, or Standard Chartered, to deceive victims.

Scams 114

Scams Money Laundering Authorization Blocks 114

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. DBS isn’t the only bank making news for phishing scams. US$129,841). Losses exceeded S$13 million (US$9.59 Losses exceeded S$13 million (US$9.59

Scams 107

Scams Phishing Deepfake Verification 107

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

Fintech News

FEBRUARY 18, 2024

Global neobank Revolut has rolled out an advanced artificial intelligence (AI) feature designed to shield its 35 million users worldwide from the growing threat of card scams. If a high risk of scam is detected, the transaction is automatically declined.

Scams 105

Scams AI Push-to-Card Financial Crimes 105

Fintech News

JANUARY 14, 2024

No less than 219 customers of DBS Bank have reportedly been duped by sophisticated phishing scams in the first two weeks of 2024, resulting in a collective loss of approximately S$446,000 (US$335,000), Channel News Asia learned from a joint statement by the Singapore Police Force and DBS on Sunday (14 Jan).

Phishing 107

Phishing Scams Authorization Transaction Limits 107

PYMNTS

NOVEMBER 22, 2020

A scam involving a supposed customer service representative from Cash App has robbed several people of as much as thousands of dollars, a report from ABC 7NY says. After that, the Better Business Bureau (BBB) issued a scam alert to Cash App customers.

Scams 100

Scams Cybersecurity Blocks Checks 100

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

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

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. In the ancient martial art of judo, practitioners don't meet force with equal force.

Scams 40

Scams Phishing Blocks 40

Fintech News

SEPTEMBER 2, 2024

The Thai Bankers Association (TBA) has blacklisted 15,000 individuals and suspended 34,000 bank accounts connected to call-center scam operations, according to The Nation. The move follows the implementation of an AI-driven Cross-Reference File (CRF) system designed to identify mule accounts used in money laundering activities.

Accounts 144

Accounts Money Laundering Scams Blocks 144

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. This can also take shape as a romance scam, where the criminal creates an enticing fake profile and builds a relationship with their unsuspecting victim.

Scams 97

Scams Smishing Phishing IRS 97

Neopay

APRIL 28, 2025

SIM farms are technical devices capable of holding multiple SIM cards enabling criminals to send scam texts to thousands of people at once or set up verified online accounts in large volumes. Think Fraud – How to stay safe from scams. So far this year we have blocked over 38.5 So far this year we have blocked over 38.5

Fraud Prevention 52

Fraud Prevention Crime Scams Law Enforcement 52

PYMNTS

NOVEMBER 1, 2016

According to Bloomberg, elderly Japanese bank customers are often targeted by “it’s me” scams, when criminal groups place phone calls and pretend to be a relative that needs money or a professional demanding payment. Joyo Bank, a regional lender located north of Tokyo, will begin operating the new anti-fraud ATMs early next year.

ATM 68

ATM Scams Blocks EMV 68

PYMNTS

OCTOBER 16, 2020

COVID-era fraudsters use scams that range from impersonating tax officials to selling fake PPE on P2P payment apps. million pounds (about $483 million) during the first half of this year compared to the same period in 2019, blocking 853 million pounds (about $1.1 How P2P Payment App Zelle Leverages AI To Fight Scams And Frauds.

Zelle 89

Zelle P2P Scams Financial Crimes 89

Fintech Review

SEPTEMBER 5, 2024

Palo Alto, California, United States, September 5th, 2024, Chainwire AI-driven platform detects fraud at its earliest stages, preventing billions in potential crypto losses As scams grow more sophisticated and increasingly target crypto for laundering billions in losses, CUBE3.AI In 2023, investment scams alone led to more than $4.5

Scams 52

Scams Blocks AI Fraud Prevention 52

PYMNTS

JANUARY 6, 2021

People who filed their 2019 taxes with H&R Block or TurboTax told CNBC that they have not seen a deposit as expected. Some H&R Block and TurboTax users did not get the new stimulus payment because it was directed by the IRS to an unfamiliar bank account, sources told CNBC. According to the U.S.

Blocks 71

Blocks Checks IRS Direct Deposit 71

PYMNTS

OCTOBER 1, 2020

Mitiga is working with law enforcement after uncovering a widespread business email compromise (BEC) scam that has netted more than $15 million. BEC scams have been surging in 2020, with a 200 percent increase in reports between April and May this year, PYMNTS reported.

Business Email Compromise 73

Business Email Compromise Scams Email Compromise Wire Transfer 73

Fintech News

AUGUST 21, 2024

million was seized in a joint operation between the Anti-Scam Centre (ASC) and OCBC. The operation, conducted from May to August 2024, targeted accounts allegedly involved in facilitating scam-related activities, particularly those opened by foreigners. or contact the Anti-Scam Helpline at 1800-722-6688.

Accounts 107

Accounts Financial Crimes Scams Freeze Account 107

PYMNTS

OCTOBER 5, 2020

More scams are taking place in the pandemic era, and fraudsters are now using Cash App to swindle consumers, according to a report from WPRI 12 , which cited the Better Business Bureau (BBB). One of them involves a person requesting payment through the app and, once it's made, the sender is blocked immediately.

Scams 102

Scams Blocks Credit Cards Payments Tools 102

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

The Fintech Times

FEBRUARY 16, 2024

Many consumers across the UK are falling to scams originating from Meta platforms: Facebook , Instagram and WhatsApp. According to Revolut , the UK neobank, 33 per cent of money lost to scams in total originated on these platforms. To better protect its consumers, the neobank has launched an advanced scam detection feature.

Scams 72

Scams Push-to-Card Financial Crimes Origination 72

Fintech News

FEBRUARY 7, 2024

By analysing runtime permission requests such as RECEIVE_SMS and READ_SMS, Google Play Protect will automatically block installations from internet-sideloaded sources that pose a risk. Developers are also encouraged to review their apps’ permissions and adhere to best practices to avoid potential blocks by Play Protect.

Blocks 107

Blocks Scams Best Practices Adjustments 107

The Paypers

JUNE 30, 2021

Sift has released its Q2 2021 Digital Trust & Safety Index report , which revealed that scams accounted for 59% of blocked user-generated malicious content within Sift’s network during the first quarter 2021.

Blocks 50

Blocks Scams Accounts 50

PYMNTS

FEBRUARY 20, 2019

The cybersecurity company analyzes data from its Global Intelligence Network, which records events from 123 million attack sensors worldwide, and blocks 142 million threats daily and monitors threat activities in more than 157 countries. Symantec found that formjacking has become a preferred get-rich-quick scam among bad guys.

Scams 69

Scams Identity Theft Compromise Ransomware 69

Finextra

MARCH 24, 2025

In its latest move to stop scammers, Westpac is to introduce SafeBlock, a new feature that allows customers to block their accounts and cards in an instant via the app or online banking.

Scams 85

Scams Blocks Accounts 85

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. Once you identify your assets and potential threats, scrutinize your IT systems for vulnerabilities.

Data Security 266

Data Security Security Encryption Cybersecurity 266

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 Phishing Small Business 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 107

Accounts Scams Phishing Payee 107

The Fintech Times

APRIL 24, 2024

Mastercard has unveiled a range of AI-powered security solutions and forged industry partnerships with Verizon, NatWest, Entersekt and Global Anti-Scam Alliance in a mission to tackle the rise of scams and impersonation fraud. million thefts during the first half of 2023 – the equivalent of one every 12 seconds.

Fraud Prevention 105

Fraud Prevention Visa AI Scams 105

Finextra

DECEMBER 6, 2023

Commonwealth Bank of Australia is collaborating with Vodafone to share SMS scam intelligence in near real-time, allowing the telco to identify and disrupt scammers while the bank makes proactive blocks on fraudulent payments.

Scams 56

Scams Near Real-Time Blocks Payments 56

The Paypers

JULY 18, 2023

National Australia Bank has blocked more than AUD 270 million in customer payments citing cryptocurrency scam concerns.

Blocks 36

Blocks Scams Cryptocurrency Payments 36

Fintech News

APRIL 22, 2024

Phishing scams employ social engineering tactics to trick users into revealing login credentials, allowing attackers to hijack accounts. The mobile security solution uses a combination of signature-based detection and behavior-based detection to detect and block malware and other risks. A 2023 report by Kaspersky found that 40.8%

Phishing 117

Phishing Security Blocks Cybersecurity 117

PYMNTS

JULY 25, 2018

If the Business Email Compromise (BEC) scam isn’t on the radar of every corporate finance executive, it certainly should be. While the continued strength of BEC scammers may not come as a surprise, the research finds that the scam no longer only reigns in targets with a request for wire transfer.

Scams 55

Scams Business Email Compromise AFP Wire Transfer 55

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.

Transactions 110

Transactions Identity Theft Security Phishing 110

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 107

Accounts Scams Phishing Blocks 107