News 

Tweeting about banking troubles? You’re a fraudster’s dream

“TSB spokeswoman Supreet Thomas said the bank encourages customers to be careful about how much personal information they share online” writes Midwest Communications Inc for 95kqds.com. When accounts are compromised, it’s usually because a customer gives up their details and “a lot of that is entirely voluntary through social media”, the person said.”The more information made available on these sites, the easier it becomes for fraudsters to steal your identity,” she said.Even so, Nicolls said some may have used more targeted approaches and that he would advise consumers against tweeting…

Read More
News 

Canadian banks warn: Hackers might have stolen data from nearly 90,000 customers

“A spokesman for the bank said it believed that less than 50,000 of the bank’s 8 million customers across Canada were hacked” writes Kacper Pempel for cnbc.com. Canada’s six biggest banks have been collaborating along with the Bank of Canada to enhance their defenses against cyber attacks.Bank of Montreal and Canadian Imperial Bank of Commerce said Monday that cyber attackers may have stolen the data of nearly 90,000 customers in what appeared to be the first significant assault on financial institutions in the country.Both banks said they were contacting customers…

Read More
News 

Cyber crooks claim to hit two big Canadian banks

“Canada’s six biggest banks have been collaborating along with the Bank of Canada to enhance their defenses against cyber attacks” writes Midwest Communications Inc for 95kqds.com. A spokesman for the bank said it believed that less than 50,000 of the bank’s 8 million customers across Canada were hacked.Both banks said they were contacting customers and advising them to monitor their accounts and report any suspicious activity.CIBC said it has not yet confirmed the cyber breach but is taking the claim seriously. Source: 95kqds.com Share This:

Read More
News 

Appsflyer: Mobile app fraud hit $800 million in Q1, up 30%

“The share of fraudulent app installs has grown by 15 percent, tainting 11.5 percent of all marketing-driven installs” writes Dean Takahashi for venturebeat.com. By February, bots replaced device farms as the most popular form of attack — responsible for over 30 percent of fraudulent installs,” the company said.AppsFlyer found that fraud targeting mobile app marketers is evolving faster than ever.Mobile tracking and marketing firm AppsFlyer said in a new study that mobile app marketers were exposed to $700 million to $800 million in ad fraud in the first quarter of 2018, up 30…

Read More
Crypto News 

Cryptocurrency scams on Twitter are so common, this guy built a tool to help detect fraudsters

“As members of the cryptocurrency community look to curb fraud and exploitation in the emerging community, Harry Denley has come up with a rather old-school solution: JavaScript” writes Finanzen Net Gmbh for businessinsider.com. As the face of Ethereum, one of the more successful blockchain and cryptocurrency projects, Buterin’s opinion holds a lot of weight among people in the space.This is to hedge against so-called phishing attacks, where false e-mails attempt to trick users into parting with their cryptocurrency. Source: businessinsider.com Share This:

Read More
News 

Don’t fall for this iTunes gift card scam

“Fraudsters are targeting vulnerable people by asking them to pay off fake tax bills using iTunes gift cards” writes Katie Jones for cosmopolitan.com. They then tell them that they owe large amounts of tax which can only be paid off through digital vouchers and gift cards, like those used on Apple’s iTunes Store.She added: “We don’t want to see anyone fall victim to this scam just before Christmas.HM Revenue and Customs (HMRC) has issued a warning about the scam, which is conning people out of thousands of pounds. Source: cosmopolitan.com Share…

Read More
News 

The Cyber Grinch Is Coming To Retailers

“What he finds alarming is the spike in eCommerce fraud among apparel retailers, where account takeover fraud is growing rapidly at the same time as stolen financials fraud” reports pymnts.com. Kothari said that retailers are experiencing greater fraud losses this year than last year, and that will only be highlighted during the holiday season.Simply refusing to do business with regions where fraud originates cuts into legitimate business.Fraudsters have been making their lists and checking them twice, and it’s not going to make for a very happy holiday for retailers. Source: pymnts.com…

Read More
Crypto News 

Bitcoin is a vehicle for fraudsters, warns Goldman Sachs boss

“The boss of Goldman Sachs became the latest high-profile critic of bitcoin, claiming it was a vehicle to commit fraud as the value of the cryptocurrency plunged 20% in less than 24 hours” writes Angela Monaghan for theguardian.com. Blankfein said Goldman did not need to have a bitcoin strategy, adding the digital currency would need to be a lot less volatile and a lot more liquid to justify closer attention. “When do I have to have a bitcoin strategy?. Lloyd Blankfein, chief executive of the US investment bank, said: “Something…

Read More