PINDROP BLOG

Category: Bank fraud

May 8, 2015
May 8 – The Week In Phone Fraud
This week in phone fraud, phone fraudsters fund Syrian terrorism and the Federal Reserve wants to improve customer authentication. On Wednesday, Scotland Yard announced they were investigating a link between large-scale phone fraud and UK extremists traveling to Syria. Officers have arrested six men and one woman in connection with a phone fraud scheme where…
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May 1, 2015
May 1 – The Week In Phone Fraud
This week in phone fraud, a single phone call starts an attack on Tesla’s website and social media, and fraudsters target Cuban-Americans. Last weekend, Tesla Motors had their website and Twitter accounts hijacked. Attackers were able to take control with a simple phone call to Tesla’s phone service provider, AT&T. Someone posing as a Tesla…
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April 24, 2015
Apr. 24 – The Week in Phone Fraud
This week in phone fraud, threats to credit union call centers grow, and Pindrop CEO & Co-founder Vijay Balasubramaniyan talks phone fraud on This Week In Enterprise Tech. On Wednesday, the Credit Union Times ran a report on the growing threat of phone fraud in financial institutions. The article points out that training for call…
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April 17, 2015
Apr. 17 – The Week In Phone Fraud
This week in phone fraud, the New York Times puts a face to the grandparent phone scam victims, and the Consumer Financial Protection Bureau shuts down a robocalling fraudulent debt collection ring. Christine Sneed of the New York Times published a sad personal essay on her experience with a phone scam targeting the elderly. Sneed…
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April 10, 2015
Apr. 10 – The Week In Phone Fraud
This week in phone fraud, Consumer Reports reveals how robocallers are getting around the Do Not Call List and a notorious phone fraudster cons his way out of jail. On Monday Consumer Reports examined the reasons that robocallers are able to flaunt the National Do Not Call Registry rules. They found that many robocallers simply…
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April 3, 2015
Apr. 3 – The Week In Phone Fraud
This week in phone fraud, researchers uncover a new source of cross-channel bank fraud, and Forbes offers tips for avoiding the IRS phone scam. On Thursday, Reuters broke the news of a new cross-channel fraud scheme researchers have dubbed “The Dyre Wolf.” In this scheme, fraudsters send a targeted phishing email containing the Dyre malware.…
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March 27, 2015
Mar. 27 – The Week in Phone Fraud
This week in phone fraud, American Banker reports on how the IRS phone scam is affecting financial institutions and police trace several new phone scams to inmates with contraband cell phones. On Friday, reporter Penny Crosman of American Banker released a report on the effects of the IRS phone scam on banks. She highlighted recent…
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March 20, 2015
Mar. 20 – The Week in Phone Fraud
This week in phone fraud, the New York Times asks who’s to blame for Apple Pay fraud and banks and retailers expect a wave of CNP fraud. Apple Pay Fraud was back in the news this week, as experts began playing the blame game. In a statement to the New York Times, Apple put the…
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March 20, 2015
Who Are the Criminals Behind Apple Pay Fraud?
Last week, a supposed Apple Pay security flaw received a great deal of press coverage. According to Aite Group analyst Julie Conroy, Apple Pay has seen fraudulent transaction rates of 6-8%. Yet, most experts agree that the problem is not with the Apple technology itself. “Apple Pay is great,” says Gartner distinguished analyst Avivah Litan.…
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March 13, 2015
Mar. 13 – The Week in Phone Fraud
This week in phone fraud, IRS scammers make bad choices, and authorities crack down on robocallers around the world. IRS phone scammers made some unfortunate choices on targets this week. Senator Johnny Isakson, Catherine Fredman of Consumer Reports, and Timothy Camus, the deputy inspector general of the US Tax Administration, all received IRS scam calls.…
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