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PINDROP BLOG

Category: Consumer Fraud

October 31, 2014
Oct. 30, 2014 – The Week in Phone Fraud
This week in phone fraud news, Pindrop Security discusses a new fraud tactic that exploits misdialed calls and the Financial Fraud Action UK (FFA UK) issues a new warning about number spoofing. On Thursday, Tracy Kitten of Bank Info Security reported on a new phone fraud tactic in which fraudsters purchase phone numbers that differ…
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October 24, 2014
Oct. 24, 2014 – The Week in Phone Fraud
This week in phone fraud news, the Financial Fraud Action UK (FFA UK) warns of the upsurge in two types of phone scams and premium rate service fraud hits SMBs. On Tuesday, Finextra reported on a warning issued by the FFA UK regarding two types of phone scams: invoice fraud, where criminals send in fake…
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October 17, 2014
Oct. 16, 2014 – The Week in Phone Fraud
This week in phone fraud news, the British Bankers’ Association (BBA) launched a fraud awareness campaign and Pindrop Security released a report on the increase in phone fraud complaints related to Tinder. Last Friday, TechCrunch reported on a recent Pindrop study that shows an uptick in phone spam related to Tinder immediately following an update to…
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October 14, 2014
Live Webinar: Lifecycle of a Phone Fraudster
Don’t forget to register for Pindrop’s live webinar this Wednesday, October 15th at 12:00pm EST, “Lifecycle of a Phone Fraudster: Exposing Fraud Activity from Reconnaissance to Takeover Using Graph Analysis and Acoustical Anomalies.” The webinar will discuss how call centers have become the weakest link for financial institutions. Fraudsters are using spoofing, voice distortion, and…
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October 10, 2014
Oct. 9, 2014 – The Week in Phone Fraud
This week in phone fraud news, UK banks have called for telecom reforms after an increase in vishing scams. TIME sheds light on the IRS phone scam and offers tips on how to stay safe. On Monday, the Financial Times detailed a recent initiative in the UK asking telecom groups to reduce the time people…
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October 8, 2014
Phone Spam Complaints Appear Following Tinder Technical Update
In July, cyber security firm Symantec issued a critical report on the flood of Tinder spam bots, who use fake profiles to flirt with users and direct them to adult webcam sites. In a response, Tinder released a technical update meant to cut down the number of spam profiles. However, recent research at Pindrop Security…
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October 3, 2014
Oct. 3, 2014 – The Week in Phone Fraud
This week in phone fraud saw warnings of a new scam involving fraudsters imitating the Financial Ombudsman Service and a couple that was scammed out of $22k. On Wednesday, the Associated Press reported on a couple in South Dakota who were scammed out of $22,000 by a man claiming to work for federal immigration authorities.…
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September 26, 2014
September 26, 2014 – The Week in Phone Fraud
This week in phone fraud the IRS reports $5 billion losses to phone fraud, and challenges banks to address the issue. American Banker discussed Pindrop Security’s relationship with Citi Ventures. On Monday, Kevin Wack of American Banker profiled Citi Ventures, and its support of Pindrop. Authentication technology is a focus area for Citi, and Pindrop’s…
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September 19, 2014
September 18, 2014 – The Week in Phone Fraud
This week in phone fraud news, a report finds that telephone bank fraud increased 20 percent in 2014. The New York Times profiled a phone scam involving prepaid cards. On Thursday, SC Magazine reported on a 71% increase of banking fraud in the UK this year, with phone fraud accounting for 20%. Reports indicate that…
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September 12, 2014
September 12, 2014 – The Week in Phone Fraud
This week in phone fraud news includes a report of the top four scams targeting the elderly and research covering call center fraud from Gartner analyst Avivah Litan. On Tuesday, an article from Forbes discussed the top scams effecting elderly citizens. A particularly cruel scam involves a criminal posing as bank fraud investigator and asking the…
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