Figures released by Financial Fraud Action UK (FFA UK) show a significant rise in the number of people who have been targeted by phone scammers over the last year. The research, carried out on behalf of FFA UK by ICM, suggests that 58% of people have received suspect calls, a rise from 41% from research […]
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The 10 Biggest Bank Card Hacks
The holiday buying season is upon us once again. Another event that has arrived along with the buying season is the season of big box retailer data breaches. A year ago, the Target breach made national headlines, followed shortly thereafter by a breach at Home Depot. Both breaches got a lot of attention, primarily because […]
Vishing scams cost consumers £24m
Consumers lost £24m last year to phone fraudsters who pretended to be bank staff or police officers and persuaded them to hand over their savings. Financial Fraud Action UK (FFA UK) said losses through “vishing” were running at three times last year’s level and the problem had “got out of hand”. It has started an […]
The 12 online frauds of Christmas
This festive season the City of London Police is running ‘The 12 online frauds of Christmas’ campaign to protect millions of people across the country from falling victim to cyber-fraudsters. The campaign starts by shining a light on the ‘do’s’ and ‘don’ts’ of online shopping. This is followed by a special ‘Cyber Monday’ focus on […]
Don’t fall into online fraud web when you log on
More than half of Britons have been victims of an online crime, with over £670 million lost to just the biggest ten web frauds in the last 12 months. That’s according to the National Fraud Intelligence Bureau, and coming ahead of two of the UK’s biggest days for online shopping, Black Friday this week and […]
Fraud Transactions to Jump
The holiday shopping season is upon us, and it’s expected that over the Thanksgiving to Cyber Monday weekend, US merchants will experience an increase of 20% in transaction volume and value, compared to the same period in 2013. And that means gold for cyber-criminals looking to push through millions in bogus transactions. Retail Decisions is […]
Airport raids tackle cyberthieves over ticket fraud
Cyberthieves who used stolen credit cards to buy airline tickets have been targeted in a series of raids. Europol co-ordinated the raids at airports, targeting people who were trying to travel using a fraudulently bought ticket. In total, 118 people were arrested at 80 airports in 45 countries during the raids. Airlines lose more than […]
Payment Fraud – Validating a booking
In our further look at payment fraud we take a look at validating a booking. On occasions your company will come across bookings that require a manual review to ascertain if the booking should be accepted or rejected. Whether taking online or ‘Call Centre’ bookings there are a few simple steps you can take to […]
Cryptolocker and Malware Scams
Malware, short for malicious software, is software used to disrupt computer operation, gather sensitive information, or gain access to private computer systems. It can appear in the form of code, scripts, active content, and other software. ‘Malware’ is a general term used to refer to a variety of forms of hostile or intrusive software. This […]
Bogus Invoices & Spam Scams
Recognising if someone is trying to scam you. Scammers are very skilful in their approach and will appear to be a legitimate business. They will be pleasant and well spoken. Their leaflets, emails, letters and order forms will often look professional or official. Scammers are persistent and persuasive, and will try to rush you into […]
British Airways phishing scam
A number of fake and fraudulent emails are in circulation claiming to be from British Airways, as well as new scams being operated by phone call, voice mail or text messages. Link to article
Billion Records Compromised in 2014
In first nine months of 2014, after 1,922 confirmed incidents, criminals managed to compromise 904 million records. Many of the incidents reported in 2014 were record setting, including twenty of them that resulted in the compromise of more than a million records each. In retrospect, it can be safely said that criminals have had a […]
Windows Live and Playstation Network Hacker
A hacker group by the name of DerpTrolling announced today that they broke into the Playstation Network, 2K Games and Windows Live to make off with a massive amount of login information as well as 500,000 credit card details. As a warning shot, DerpTrolling posted a Pastebin of over 5,000 different emails and passwords, accompanied […]
Ex-Chambers chief jailed for £3.3m inhouse fraud
A former finance director of Chambers Travel Group (office pictured) has been jailed for embezzling £3.3 million. Alan Cooper pleaded guilty to fraud charges at the Old Bailey and was sentenced to five years’ jail, following an investigation by the Serious Organised Crime Agency. Link to article
Best Defence from Credit Card Fraud
If you use the headlines as a guide, credit and debit card fraud has never been scarier. We have seen massive data breaches at Target (TGT) and Home Depot (HD), reminding us of our vulnerability in a digital world. Clever hackers can steal the personal information of more than 100 million shoppers with relative ease. […]
HSBC Robbed of 2.7 Million Credit Card Details
The Turkish arm of HSBC has said that cyber-criminals have stolen credit card information of 2.7 million of its customers in the country. HSBC Turkey said credit card information of customers had been compromised, but added that the victims are not at risk of having their money stolen. The bank said that additional security measures […]
Crash for cash incidents at record
“Crash for cash” insurance scams have continued to rise to a record level, according to one of the UK’s biggest motor insurers. These incidents involve an induced crash by criminal gangs in order to claim compensation for whiplash. Aviva said there had been a 21% rise in this organised fraud so far this year, compared […]
Brits Attacked By Amazon Phishing Scam
Security specialists warn email users to be “extra cautious” this holiday shopping season. Security researchers at web and email firm AppRiver have tracked two types of Amazon phishing emails that are targeting the UK – one at a quantity of 600,000 and the other at 160,000. Both carry Trojan malware that harvest banking login credentials, […]
12 Scams of the Holidays
Fa la la la la, la la la la. Yes that’s me singing, but thank goodness you can’t really hear me (I save that for the shower). If you can believe it, it’s that time of the year again (even though it seems like we just finished Halloween). Time for holiday parties, family traditions, ugly […]
Booking.com refunds customers
Booking.com refunds customers after online phishing scam. Booking.com, the travel agent, has said it has paid out compensation to customers after as many as 10,000 were affected by an online phishing scam. Victims were tricked into handing over money to criminals who had managed to obtain details of their reservations. They then sent them bogus […]