The first step in combating retail fraud is learning which forms it takes. That’s easy enough, because there are two main types of retail and eCommerce fraud today: The second step in stopping retail fraud from harming your business is to understand how each type of fraud works, then implement a strategy to protect against it.

When encountering a scammer online, the best method is to block, report, and move on. Let the law take charge of handing out consequences to scammers, and you can focus on stopping scammers in their tracks. Sometimes, this can be more challenging as online scammers become more adept at tricking people into believing their lies, using technology, social engineering, and emotional manipulation to achieve their aims.

Valentine's Day. A time where love is in the air, florists work overtime, and restaurant tables are as scarce as a truthful politician. But as we're busy swiping right in hopes of finding that special someone, cybercriminals are swiping left...on your security. Heartbreak hits differently when it's your bank account that's been ghosted.

As the digital attack surface expands, organizations and individuals worldwide face the nonstop threat of cyberattacks, phishing scams, and other cyber vulnerabilities. And with Valentine’s Day here, romance scams — especially ones originating online — are intensifying. With that in mind, SecurityScorecard’s researchers took a close look at the world of dating app security and romance scams to protect people—and their hearts—during Valentine’s Day.

The US Federal Trade Commission (FTC) has disclosed that people in the United States lost a record $10 billion to fraud in 2023, a 14% increase from 2022. Nearly half of the losses were due to investment scams. “Consumers reported losing more money to investment scams—more than $4.6 billion—than any other category in 2023. That amount represents a 21% increase over 2022,” the FTC says.

With Valentine’s Day just around the corner, it comes as no surprise that Egress’ Threat Intelligence team is starting to see an uptick in romance-based phishing attacks. In particular, they noted a staggering 43% increase in attacks impersonating well-established dating apps including Tinder and Hinge between January 1, 2024, until February 5, 2024, compared to 2023. This is only likely to increase as the day draws closer.

A few ways you can identify if a text message is fake is if its context is irrelevant to you; it’s claiming to be someone you know from an unknown number; it displays a sense of urgency; it’s asking you to click on a link; and it contains spelling, grammatical errors or both. In recent years, there has been an abundance of fake text messages targeting individuals to steal their personal information – placing victims at risk of having their identity stolen and losing money.

2023 repeated some familiar payment fraud trends from 2022.There were some shifts in the prevalence of different fraud types, according to data from Verifi. The persistence of phishing remains at the forefront, posing significant challenges for businesses and consumers. Notably, friendly fraud became the second most prevalent fraud seen in 2023.

New research shows a 704% increase in deepfake "face swap" attacks from the first to the second half of 2023. A report from biometric firm iProov warns that "face-swapping" fraudsters are increasingly using off-the-shelf tools to create manipulated images and videos.

Last year, text scammers prowling around on messaging platforms like WhatsApp sent a staggering 19 million messages in December alone. When ploys like these can rake up over $10 million in a matter of months, it’s easy to see why. Which WhatsApp messages are real this year, and which are not? With social engineering attacks, it's increasingly harder to tell. Here’s a look at the most probable WhatsApp scams in 2024 and what you can do to avoid them.