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Oct 25, 2024 · In the following editorial we will examine the current landscape of global online fraud and why we still, after years of exposure and innovation, continue to be duped by fraud. The rising tide of online fraud . The 2024 Global eCommerce Payments & Fraud Report reveals a troubling, yet unsurprising trend – fraud is on the rise globally. The ...
- Louis Denicola
- AI-Powered Scams. Perhaps the most obvious example of scammers using new technology to power existing scams comes from artificial intelligence (AI). For example, scammers might use AI to
- Student Loan Forgiveness Scams. The back-and-forth changes in student loan forgiveness creates a ripe opportunity for scammers. The scammers know people want to believe their student loans will be forgiven, and they'll use that hope for their personal gains.
- Phone Scams. Scammers may contact you by phone, and some phone scams rely on smartphones' capabilities to access the internet and install malware. These can include
- Zelle Scams. Scammers are turning to Zelle, a peer-to-peer payment app, to steal people's money. The scammer might email, text or call you pretending to work for your bank or credit union's fraud department.
- Phishing scams. Cybercriminals have been able to bait many people with their phishing attacks in recent years, costing phishing victims over $54 million in 2020.
- Ransomware. A cybercriminal may infect your computer with malware called ransomware, if, for example, they are successful with phishing scams. Once installed, the cyberthief could encrypt your files and demand a ransom payment, typically in a cryptocurrency such as Bitcoin.
- Scareware. Scareware can come in a couple forms, but possibly the most common of this internet scam is fake antivirus software. How it works: A pop-up alerts you of a virus that infected your device.
- Travel scams. Online scammers even have been able to leverage our wanderlust to con people out of more than $175 million in 2020 in the form of online travel scams.
Jan 18, 2024 · The target will receive a call advertising a service (such as air duct cleaning or roofing) for an extremely low price and that tries to get credit card information or payment through the phone.
Mar 17, 2022 · Yi was part of a panel at MWC discussing the rise of scam attacks around the world and the efforts underway to tackle the threat. A growing threat. Fellow panelist George Cray, Senior Vice President at iconectiv, highlighted the growth in spoof calling and cited statistics revealing that 85 billion robocalls happen globally.
Mar 12, 2024 · User credentials are still the hot ticket item: Speaking of credentials, Bolster has identified 19 categories of scams that pose the biggest threats to organizations and consumers. The top five scams identified by Bolster are login pages (2.9 million attacks), gaming scams (281K attacks), gift card scams (245K attacks), tech support scams (196K attacks), and fake online stores (175K attacks).
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Mar 6, 2024 · The annual cybercrime report from the FBI is one of the best glimpses of the financial impact of online fraud, but it still only offers a partial picture as many victims do not report scams.
