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Fraud

The Risks of Fake IDs in Online Transactions

What if the person you are trusting with all your money and IDs is not who they claim to be? Fake IDs have turned the virtual world into a playground for scams and deceits. From identity thefts to cybercrime, fake IDs are causing mistrust and safety issues in the online marketplace. Overall, these IDs are posing risks to the individual finances as well as the integrity of eCommerce. The evolution of technology has made fraudulent tactics more advanced, prioritizing the need to recognize these dangers and adopt proactive measures.

U.K. Residents are Victims of the Latest Phishing Scam Targeting Starbuck Customer Credentials

Analysis of a new phishing attack highlight just how easy it can be to spot these kinds of attacks if recipients were properly educated. Action Fraud, the U.K.’s national fraud & cyber reporting center, recently warned U.K. residents of a scam impersonating Starbucks.

How Invoicing Securely Can Protect Your Business

Every business is exposed to cyber threats in our modern digital business ecosystem. Invoicing is one of the essential things that every business enterprise needs. Here's a look at why secure invoicing forms the very foundation of modern-day risk management, thereby identifying characteristics and benefits accruable from adopting secure electronic invoicing systems.

Three ATO Prevention Measures Ripe for Disruption This Past Fraud Awareness Week

If there’s one fraud statistic worth dwelling on as Fraud Awareness Week 2024 passes, it’s this – in the past year, scams of one type or other siphoned $1 trillion globally, according to the Global Scam Alliance’s State of Scams Report 2024. But this figure only scratches the surface of cybercrime’s total global cost, projected to reach $10.5 trillion in 2025, according to Cybersecurity Ventures, the world’s leading source of cyber research.

Fraud Awareness Week

The Association of Certified Fraud Examiners (ACFE) recently released a report Occupational Fraud 2024: A Report to the Nations, where they estimated that most organizations lose about 5% of their revenue each year due to fraud. We have joined in our support of International Fraud Awareness Week and applaud the ACFE and their efforts to help raise awareness and reduce fraud that hurts all of us, whether we work for these organizations or are consumers of the goods and services they provide.

Dark Side of Deals: Emerging Scams for Black Friday, Cyber Monday and Giving Tuesday

As the holiday shopping season kicks into high gear, cybercriminals are gearing up too. This year, alongside the usual suspects, we're seeing some crafty new scams, so let’s take a look at some of the ones you should be most careful of during Black Friday, Cyber Monday and Giving Tuesday. AI-Generated Fake Reviews AI has allowed scammers to flood product pages with well-written and convincing fake reviews of products.

10 Tips to Help Holiday Shoppers to Stay Safe from Scams and Cyberattacks

The holiday season is here, and with it comes the thrill of Black Friday deals and holiday shopping sprees. But it's not just shoppers who are gearing up – cybercriminals are ready to take advantage of the holiday rush, hoping to catch unsuspecting consumers off guard. While Trustwave generally focuses on protecting enterprises from cyberattacks and scams, we feel it’s important to help consumers, as well. After all, many people use work devices for online shopping and accessing social media.

The Dark Side of Loyalty: Combating $1 Billion Frequent Flyer Mile Scams in the Airline Industry

Frequent flyer programs have long been a symbol of loyalty and reward in the airline industry. These programs are intended to reward travelers with benefits and encourage ongoing customer relationships. However, a growing and pervasive threat is lurking beneath the allure of free miles and exclusive perks: Frequent Flyer Miles fraud. At the last credible count in 2018, there were over 30 trillion unspent miles in circulation, according to McKinsey.