PYMNTS

APRIL 12, 2020

Italian law enforcement officials said the country has seen a rise in this kind of activity. With governments imposing lockdowns to contain the virus, hackers have been known to pose as banks or other legitimate institutions to try to glean access to people’s private information to use for nefarious means, such as identity theft.

Data Breach 122

Data Breach Breach Identity Theft Law Enforcement 122

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

PYMNTS

MAY 28, 2020

These threats reflect a resurgence in hacking and phishing attempts by cyber criminals as the commercial and government-backed attackers try to seize opportunities for scams amid the COVID-19 pandemic, Google wrote. Google said it provides the strongest protections available against phishing and account hijackings.

Phishing 70

Phishing Law Enforcement Scams Credential 70

PYMNTS

JANUARY 27, 2020

Fraudsters are adding new twists to what has become an increasingly common scam targeting businesses’ B2B payments activity. Separate analysis from Singapore warned that monetary losses associated with BEC scams that specifically instruct targeted employees to send gift card redemption details are on the rise, too.

Business Email Compromise 71

Business Email Compromise Scams Ransomware Real Time Payments 71

PYMNTS

JUNE 20, 2018

Business scams are nothing new. This past week saw the Federal Trade Commission (FTC) announce a new law enforcement initiative that focuses on bad actors who seek to commit crimes against small businesses. Want more proof of email as a favorite scamming tool?

Scams 45

Scams Phishing Federal Trade Commission Wire 45

Fintech News

FEBRUARY 10, 2025

From high-profile ransomware attacks and terrorist financing to scams that wiped out millions in savings, global crypto crime has become an urgent concern. In 2024, law enforcement traced a series of cryptocurrency transactions to local hawala networks, which facilitated money transfers between terrorist cells.

Crime 93

Crime Ransomware Scams Phishing 93

PYMNTS

DECEMBER 20, 2019

A Lithuanian man who scammed Facebook and Google into sending him hundreds of millions of dollars has been sentenced to five years in prison, according to published reports Thursday (Dec. Both companies identified themselves as victims in the scam. federal prosecutors. In a statement on Thursday, U.S.

Law Enforcement 53

Law Enforcement Phishing Wire Transfer Scams 53

PYMNTS

OCTOBER 7, 2020

However, in the past month alone, PYMNTS Bitcoin Daily has reported on nearly a dozen different scams and schemes involving bitcoin or other cybercurrencies. The Pandemic Is Making Scams Worse . For example, the U.S. Commodity Futures Trading Commission recently filed a complaint in a Texas U.S.

Bitcoin 93

Bitcoin Consumer Cryptocurrency Scams 93

FICO

JUNE 15, 2023

Home Blog Feed test To Stop Scams, It’s Time to Add Sensible Friction to Easy Money The convenience and speed of real-time payments makes it easy for fraudsters to scam individuals. Fraudsters love this change and have been scamming consumers and businesses at full speed with all sorts of sneaky, dirty tricks.

Scams 52

Scams Real Time Payments Smishing Same Day ACH 52

Center for Payments

NOVEMBER 21, 2023

The FBI works to raise awareness of the types of scams that are common around the holidays and how you can protect yourself and your customers or members. Charity Scams Scammers are aware of the “giving season” and will often create fake crowdfunding campaigns and charities to exploit people’s goodwill.

Holiday Scams 40

Holiday Scams Scams FBI Federal Trade Commission 40

Clearly Payments

MARCH 4, 2024

Operation Phish Phry (2009) Operation Phish Phry stands as a testament to the cunning and audacity of cyber criminals orchestrating large-scale payment processing fraud. Elevated awareness of phishing scams and cybersecurity threats. Heightened scrutiny of data protection measures in payment processing.

Phishing 59

Phishing Data Breach Law Enforcement Breach 59

Innovative Payments Association

JUNE 26, 2024

Fraud and scam activity can happen to anyone. There are a lot of senior citizens who are not as lucky or haven’t been that fortunate when it comes to scams or fraud. Scams targeting senior citizens are unfortunately all too common and often can be devastating. Use contact information from official sources.

Scams 52

Scams Federal Trade Commission Identity Theft Law Enforcement 52

PYMNTS

APRIL 6, 2020

There are all kinds of frauds taking root out there, but among the more popular are the spoofing scams in which the consumer gets a phone call from “the IRS” or “their bank” making requests that absolutely no consumer should ever acquiesce to. Stopping the Fake Phone Calls. Flattening the Fraud Curve.

IRS 79

IRS Scams Point-of-Sale (POS) Breach 79

PYMNTS

JULY 1, 2019

Such details can also be acquired via phishing schemes. Gift cards rouse little suspicion from law enforcement and are easily converted into cash. Scamming, the Old-fashioned Way. CNP schemes hurt businesses as much as they hurt consumers.

Account Takeovers 66

Account Takeovers Online and Mobile Banking Data Breach Credit Cards 66

PYMNTS

DECEMBER 4, 2018

The Financial Times , citing cyber threat detection company Agari, reported the group, which goes by the name London Blue, is focusing on the business email compromise scam. Agari, noted the report, turned over the evidence to law enforcement agencies both in the U.S. Agari found the list, which has 50,000 targets. or the U.S.

Law Enforcement 46

Law Enforcement Email Compromise FBI Scams 46

PYMNTS

FEBRUARY 3, 2017

Although the details have yet to be released, it’s believed that an employee’s computer was exposed to the ransomware through a phishing scam or by accidentally downloading it. The servers have now been locked up, and the FBI and Bureau of Criminal Investigation have been notified. We’re dealing with a criminal element.

Governance 40

Governance Government Law Enforcement Ransomware 40

PYMNTS

NOVEMBER 4, 2019

But internal fraud is, of course, not the only risk businesses face, with this week’s B2B Data Digest also breaking down the latest numbers related to cyber fraud and business email scams attacking companies from the outside.

Checks 40

Checks Scams Law Enforcement Ransomware 40

PYMNTS

DECEMBER 26, 2019

The cat-and-mouse game between law enforcement and code-abusing felons is entering a new year, and a new phase. Then there’s the disturbing rise in loyalty program scams. Fishing fraud (not to be confused with “phishing”) is big business, for example. billion of that. Fighting Fakes With Fire.

Fraud Detection 52

Fraud Detection Bots Law Enforcement AI 52

FICO

JANUARY 19, 2022

Our five most popular posts of the year dealt with trade-based money laundering, non-fungible tokens, buy now pay later scams, courier scams and good old credit card fraud. Courier Scams – How They Work And How To Fight Them. These scams are very successful — here’s how they work: 1. Here are excerpts.

Financial Crimes 52

Financial Crimes Crime Money Laundering NFTs 52

PYMNTS

AUGUST 9, 2018

Those capabilities certainly are valuable to the cybersecurity world, especially to law enforcement, as regulators are constantly sprinting to design legislation appropriate for the constantly evolving world of cyberattacks. Knowing your enemy is not just an asset to law enforcement, however. ”

Law Enforcement 41

Law Enforcement Data Breach Cybersecurity Breach 41

PYMNTS

JULY 15, 2019

billion is estimated to have been lost to cryptocurrency scams, thefts and fraud in the first quarter of 2019, and cybercriminals and scammers are not the only ones putting digital asset users at risk. More than $1.2 But that’s not the case [for businesses that are staying vigilant].”. Facing Fraud.

Crime 77

Crime Cryptocurrency Law Enforcement Verification 77

PYMNTS

APRIL 22, 2020

Since Tuesday (April 21), the DOJ said the FBI’s Internet Crime Complaint Center (IC3) has reviewed more than 3,600 complaints related to COVID-19 scams. The sites were used as phishing schemes, authorities said. Department of Justice (DOJ). Scammers often employ addresses that differ slightly from the real ones they are impersonating.

Scams 69

Scams Federal Trade Commission Law Enforcement Phishing 69

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 89

Scams Laws Law Enforcement Authorization 89

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. The efforts will involve the Department of Justice, CFPB , SEC and Federal Trade Commission , along with agencies in law enforcement at the local level.

Risk 40

Risk Phishing Federal Trade Commission Debit Card 40

Finovate

MARCH 26, 2025

While bringing payments into the digital space will help boost KYC and AML verifications, it will also offer opportunities for fraudsters to create new scams. As an example, non-digitally native consumers may be more likely to fall victim to phishing attacks that they perceive to be payments from the federal government.

Fraud Prevention 83

Fraud Prevention Law Enforcement Payments Verification 83