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Latest coverage for Scam

Scams use deception to steal money, credentials, or sensitive data, making them a cybersecurity risk for individuals and organizations.

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Scams are deceptive schemes intended to make people surrender money, credentials, sensitive information, or access. In information security, they commonly use phishing messages, impersonation, fraudulent websites, business-email compromise, fake technical support, or malicious attachments. Their defining feature is manipulation: the attacker creates a credible pretext and pressures the target to act before verifying the request.

Security teams should treat scams as an attack surface spanning email, messaging, telephone calls, social media, and payment workflows. Material risks include account takeover through stolen credentials, unauthorized payments, disclosure of personal or company data, and malware execution from deceptive content. Useful controls include phishing-resistant authentication, secure payment-change procedures with independent verification, filtering and domain protections, user training focused on reporting, and rapid review of suspicious messages or transactions. Incident handling may require revoking sessions, resetting credentials, contacting financial institutions, preserving evidence, and notifying affected parties where applicable.

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Bank Info Security 6 months, 3 weeks ago

Regulators Focused Mostly on Fraud Prevention in 2025

Little Progress Made to Mandate Customer Reimbursement for Financial ScamsFinancial scams and synthetic identity fraud showed no signs of slowing in 2025, as regulators focused on fraud prevention over reimbursement for victims. But some countries joined the United Kingdom in advancing new anti-scam measures that focus on prevention and industry accountability.

Bank Info Security 6 months, 3 weeks ago

Cryptohack Roundup: FCA Outlines UK Crypto Rules

Also: Trader Loses $50M in USDT in Address Poisoning ScamThis week, the U.K. FCA mapped a path to U.K. crypto regulation, iComTech promoter sentenced in Ponzi case, the U.S. SEC sought public company bans for former FTX and Alameda executives, a trader lost $50M in USDT in an address poisoning scam and a Brooklyn man indicted over $16M Coinbase phishing scam.

Bank Info Security 6 months, 3 weeks ago

The Trust Gap Fueling Multi-Billion Dollar Fraud Losses

Experts Predict AI-Driven Scams Will Soon Outpace Human-Led TacticsDespite $442 billion in scam losses across 42 countries last year, 73% of people still believe they can recognize scams. Jorij Abraham, managing director of the Global Anti-Scam Alliance, reveals why this confidence gap is costing billions and what fraud practitioners should expect in 2026.