PINDROP BLOG

Category: Bank fraud

March 3, 2015
Cybersecurity Trends in Government at SINET ITSEF
Earlier this year, the IRS made the news when it announced that it expected nearly half of the calls it gets this tax season to go unanswered. Wait times for those that get through are expected to be over 30 minutes. Meanwhile, there has been a surge in aggressive and threatening phone calls from scam…
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February 27, 2015
Feb 27, 2015 – The Week in Phone Fraud
This week in phone fraud, Healthcare.gov provides an opportunity for phone fraudsters and Atlanta is named a hub for cybersecurity. On Monday, Hacksurfer issued a cyber security risk report, listing the new threats of the week. Hacksurfer interviewed Pindrop’s Director of Research, David Dewey, about a potential new threat connected to incorrect tax information from…
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February 24, 2015
How the Pindrop Phoneypot Can Help Stop Robocalls at CFCA – FIINA
Robocalling and other malicious calling campaigns continue to plague the telecommunications industry. The FTC received nearly two million complaints about robocalls in 2014, accounting for about half of the total Do Not Call Complaints made that year. These unwanted calls waste more than 20 million working hours each year for SMBs. One tool that is…
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February 20, 2015
Feb 20, 2015 – The Week in Phone Fraud
This week in phone fraud, Pindrop raised $35M in funding and the FBI arrested their most wanted telephony cybercriminal. On Thursday, Pindrop announced a $35 million Series B round of financing, one of the largest Series B rounds in the history of the security industry. According to Ben Kepes of Forbes, “It’s quite pleasing to…
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February 13, 2015
Feb 13, 2015 – The Week in Phone Fraud
This week in phone fraud, police fight swatting attacks and Pindrop presents its large-scale telephony honeypot. On Monday, the BBC reported on the arrest of alleged swatter, Brandon Wilson in Las Vegas. Wilson, known by his gaming handle as “famed god,” has been charged with computer tampering, intimidation, fraud, and ID theft. In a separate…
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February 6, 2015
Feb 6, 2015 – The Week in Phone Fraud
This week in phone fraud, the IRS phone scam blows up as fraudsters learn to use robo-dialers and phone lines at Holiday Inns get hacked. This week, the Detroit Free Press (and several other news channels) reported on a spike in the IRS phone scam. It seems that the fraudsters have started to use robo-dialers…
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January 31, 2015
Phone Fraud as a Service
When you think of phone fraudsters, what image comes to mind? For many, it’s a picture of a lone wolf, probably wearing a hoodie, and working out of his mother’s basement. The reality of phone fraud is actually much different. Taking their cue from traditional business models, organized criminals have developed an entire underground economy…
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January 30, 2015
Jan. 30, 2015 – The Week in Phone Fraud
This week in phone fraud, a Peruvian man is sentenced to more than 17 years in prison for running a fraudulent call center, and a new report suggests seniors are losing more than we thought to phone scams. On Tuesday, the US Department of Justice announced that Juan Alejandro Rodriguez Cuya was sentenced to serve…
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January 29, 2015
Five Trends in Phone Fraud for 2015
At Pindrop, we’re always trying to stay one step ahead of the fraudsters. That means not just tracking what they’ve been doing, but also making some predictions for the year ahead. In the spirit of the New Year, we’ve gathered five trends for the phone fraud threat landscape in 2015. The Chip-and-PIN / EMV Rollout…
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January 23, 2015
Jan. 23, 2015 – The Week in Phone Fraud
This week in phone fraud, the IRS reports that 3,000 victims have lost $14 million to the IRS phone scam since October 2013 and the Federal Reserve Bank writes about Pindrop Security phone scam research. On Thursday, CNN Money reported on the IRS “Dirty Dozen” list of tax scams. The Treasury Inspector General says that…
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