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PINDROP BLOG

Category: Bank fraud

August 7, 2015
August 7 – The Week in Phone Fraud
This week in phone fraud, hackers use call centers to break into Twitter accounts, and why you can’t trust caller ID. On Tuesday, novelist Andy Weir, author of The Martian, revealed that his email and Twitter accounts had been hacked. How did it happen? Over the phone. Weir writes that attackers simply called his service…
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July 31, 2015
July 31 – The Week in Phone Fraud
This week in phone fraud, ‘untraceable’ caller ID-spoofing and the FTC warns of data breach scams. According to a report in the Register this week, a new VoIP service allows you to hide who you are by being web-based, having no registration checks, allowing you to spoof caller identity, and pay by Bitcoin. Users who…
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July 27, 2015
Phone Scam Breakdown: Account Takeover Fraud
The first step in protecting against phone scams is understanding how they work. In this series of blog posts, we’re breaking down some of the newest and most popular phone scams circulating among businesses and consumers. **For more information on how phone fraud affects banks, register for our upcoming webinar, “Bank Fraud Goes Low Tech”…
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July 24, 2015
July 24 – The Week in Phone Fraud
This week in phone fraud, phone scammers cancel ATM cards and the Ashley Madison breach causes Pindrop Labs to raise the Phone Threat Level. Reports of a new variation on an old phone scam are coming out of Hong Kong. Attackers are impersonating bank fraud-detection teams, asking victims for help on an investigation. When victims…
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July 17, 2015
July 17 – The Week in Phone Fraud
This week in phone fraud, FBI issues kidnapping scam warning and tech support scammers are impersonating Apple. This week, the FBI issued a new scam warning to US citizens traveling abroad. Criminals call tourists in their hotel rooms and convince them they are in danger and need to leave the hotel and turn off their…
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July 10, 2015
July 10 – The Week in Phone Fraud
This week in phone fraud, hedge fund loses $1.2M to phone scam and Time Warner ordered to pay $1500 per illegal robocall. On Tuesday, Bloomberg Business published an alarming story on a phone scam that cost one hedge fund $1.2 million. The scam, known as the “Friday Afternoon Scam,” involved a caller impersonating the hedge…
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June 26, 2015
June 26 – The Week in Phone Fraud
This week in phone fraud, hacking email using phone verification and scammers impersonating bank fraud warnings. This week SC Magazine issued a warning about a new phone scam that requires only a victim’s email and phone number. Attackers go to an email login page, enter the target’s email address, and then clicks the link meant…
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June 19, 2015
June 19 – The Week in Phone Fraud
This week in phone fraud, enterprise phone fraud incidents are up 30% since 2013, and the FCC allows consumers to block robocallers. On Wednesday, Pindrop released our annual report on the State of Phone Fraud. We examined several million calls to understand fraud tactics, frequency of attacks, and potential consequences of fraud. We found that…
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June 17, 2015
The State of Phone Fraud
Today, Pindrop Labs released their latest Phone Fraud Report. In the report, we examined several million calls to understand fraud tactics, frequency of attacks, and potential consequences of fraud. This year, for the first time, we dug deeper into the many ways phone fraud affects different industries. From the amount of fraud calls, to the…
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June 12, 2015
June 12 – The Week in Phone Fraud
This week in phone fraud, alternatives to knowledge based authentication and how to battle the modern robocaller. Recent attacks on the IRS and Apple Pay prove that cybercriminals know too much about us. This story from CSO Online examines why Knowledge Based Authentication is failing, and available alternatives including device-printing and biometrics. In the days…
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