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Fraud

NHS warns of scam COVID-19 text messages

The UK’s National Health Service (NHS) has warned the public about a spate of fake messages, sent out as SMS text messages, fraudulently telling recipients that they have been exposed to the Omicron variant of COVID-19. In a tweet, the NHS said that it had seen reports of text messages that claimed to come from the NHS, telling recipients that they had been in close contact with someone who had a confirmed COVID-19 infection, and that they should order a testing kit.

Grooming lies and their function in financial frauds

Grooming techniques used in various frauds are getting more common and more elaborate. Fraudsters are coming up with narratives that involve complicated lies and may have different stages, depending on the type of fraud. Often, different actors are brought into the story. These actors also lie to the victim, in order to support the narrative. The purpose of expanding the fraud in this way is to groom the victim to dismiss their doubts or concerns and comply with requests.

Apple protected App Store users from $1.5 billion fraud last year

Apple says that it protected many millions of users from being defrauded to the tune of nearly $1.5 billion dollars in the last year, by policing its official App Store. According to a newly published report by Apple, over 1.6 million risky and untrustworthy apps and app updates were stopped in their tracks due to the company’s fraud prevention analysis.

Fraud Prevention Strategy: Finding Weak Links in the Payment Transaction Cycle

This blog is a part of our new series 5 Strategies for Building Resilience to Financial Crimes and Cyber Attacks in 2022. In the last few years, we have all observed an increase in the sophistication of cyber-enabled attacks and financial crimes. This coincided with intensified focus on digital banking by financial institutions and increased volumes of online transactions.

Is Your Donation Helping the People of Ukraine - Or Enriching a Cyber-Criminal?

The invasion of Ukraine has caused enormous human tragedy with millions displaced and many more in desperate need of basic supplies and transport. Donation websites quickly appeared to make supporting Ukraine easy—so quick, in fact, that it was reminiscent of the 2019 Notre Dame de Paris fire and the immediate groundswell of enthusiasm that followed for rebuilding the iconic church.

Cornwall Council Warns of Covid Scam Text Messages

Cornwall Council is warning residents about a new scam that is making the rounds on text messages. Fraudsters are sending scam messages that appear to be from the Cornwall Council, telling people that they need to isolate themselves due to being in contact with those with COVID19. They are being asked to click on a link for more information and to book a test. The text is being sent from mobile phone numbers, so it’s important to be wary of any links you receive from unknown senders.

Be Prepared: Tax Scam Season is in Full Swing

It's somehow fitting that Groundhog Day and tax scam season overlap. Much like the 1993 Bill Murray film where he repeatedly experienced the same day, tax season scammers come out of their hole every year at the same time and tend to use the same attack methods against organizations and regular taxpayers. These scammers stick to these tried-and-true methods because they still work.

Valentines Scams

It’s that time of year again where Cupid’s arrow strikes and love is in the air. Unfortunately, with love also comes a slew of scams. People trying to take advantage of your emotions and get money out of you. This Valentine’s Day, be aware of the different scams that may be targeting you. We’ll cover how to avoid fraud, catfishing and other techniques used by scammers this Valentine’s Day. Prefer a video over a good read?

What are BEC scams and how to avoid them

To carry out business email compromise (BEC) fraud, a con artist impersonates an organization’s senior manager, business partner, or supplier and tries to manipulate an employee into transferring money to the wrong destination. The rogue message typically comes from a spoofed or previously hacked email address, which makes the foul play highly persuasive. Essentially, BEC is a type of phishing focused on the enterprise.

Holiday shopping? Get an amazing 75% discount offer? A case study on evaluating a special holiday sale

Malicious actors always try to be creative and find new ways to trick people into a scam. In this case a new website is offering 75% discount on all Timberland shoes. The information looks almost identical to the original page, but when looking closer questions start to pop.