PINDROP BLOG

Category: Consumer Fraud

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 23, 2015
Pindrop Teams Up with the FTC to Fight Robocalls
Each month, the Federal Trade Commission (FTC) receives 250,000 to 300,000 complaints. More than 60% of those complaints are for robocalls. According to FTC spokesperson Lois Greisman, the number of telemarketing complaints has “skyrocketed” in recent years. “If this were a disease, it would be an epidemic,” notes Susan Grant, Director of Consumer Protection for…
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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 19, 2015
Iowa’s Phone Fraud Warning Sends Mixed Signals to Taxpayers
Earlier this month, we reported that several states had implemented taxpayer identity protection programs as a way to cut down on tax fraud. These programs, though well intentioned, might actually be increasing the risk of phone fraud for some residents. We asked ‘How long will it be until fraudsters begin targeting residents of these states,…
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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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March 4, 2015
Did the IRS Leave You a Voicemail?
As tax season begins, the IRS Phone Scam observed in years past, is surging. Aggressive phone calls by criminals impersonating IRS agents remain a serious and ongoing threat to taxpayers, as scam artists threaten police arrest, deportation, and license revocation. It remains at the top of the IRS’s official “Dirty Dozen” tax scam warnings for…
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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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