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Top European Court Advisor Says Policy Should Be 'Refund Now, Sue Later'Banks must promptly refund phishing victims when the scams lead to unauthorized transactions, an advisor to the European Union’s top court has said. The case in question involves an unnamed Polish woman who got duped on an online auction platform.
Don’t trust mystery digits popping up in your search bar Scammers are hijacking the search results of people needing 24/7 support from Apple, Bank of America, Facebook, HP, Microsoft, Netflix, and PayPal in an attempt to trick victims into handing over personal or financial info, according to Malwarebytes senior director of research Jérôme Segura.…
Jason Costain on Ways Traditional and Digital Banks Could Learn from Each OtherDigital-only banks promise speed and sleek digital experiences but are not the best places to handle scam victims. Without branches to visit, victims find themselves stuck in a loop of chatbots, said Jason Costain, former head of fraud analytics and threat management at NatWest Group.
Jason Costain on Ways Traditional and Digital Banks Could Learn from Each OtherDigital-only banks promise speed and sleek digital experiences but are not the best places to handle scam victims. Without branches to visit, victims find themselves stuck in a loop of chatbots, said Jason Costain, former head of fraud analytics and threat management at NatWest Group.
Cybersecurity researchers have shed light on a sophisticated mobile phishing (aka mishing) campaign that's designed to distribute an updated version of the Antidot banking trojan
Lloyds Bank has revealed that Oasis fans comprise the vast majority of ticket scam victims it deals with
Academics Build AI Agent With OpenAI to Execute Phone Scams at ScaleHackers can use OpenAI's real-time voice API to carry out for less than a dollar deepfake scams involving voice impersonations of government officials or bank employees to swindle victims, said researchers at the University of Illinois Urbana-Champaign.
Hackers Used Dozens of Servers to Distribute Malicious Android AppsLaw enforcement authorities in Singapore, Malaysia, Hong Kong and Taiwan took down a cybercrime ring that used dozens of servers and hundreds of phishing pages across multiple jurisdictions to run a malware-enabled scam operation and steal tens of millions from victims' bank accounts.
A new DNS threat actor dubbed Savvy Seahorse is leveraging sophisticated techniques to entice targets into fake investment platforms and steal funds
The Australian Federal Police (AFP) has arrested a 19-year-old teen from Sydney for allegedly attempting to leverage the data leaked following the Optus data breach late last month to extort victims
Attackers use scam security checks to steal victims' government documents, photos, banking information, and email passwords, researchers warn.
Victims lured into handing over online banking logins, police say Europol cops have arrested nine suspected members of a cybercrime ring involved in phishing, internet scams, and money laundering.…