PINDROP BLOG

Category: Phone Fraud

May 24, 2016
FBI: CEO Email Scams Cost U.S. Businesses $246M
Businesses in the United States lost more than $246 million to business email compromise attacks in 2015, dwarfing the losses to any other kind of attack, including phishing, vishing, ransomware, and credit card fraud. BEC scams involve a twist on the typical phishing emails, and aim to trick executives or finance employees who have authority…
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May 11, 2016
On the Wire Podcast: David Dewey on Phone Fraud
Dennis Fisher talks with David Dewey, director of research at Pindrop, about the data in the 2016 Phone Fraud Report. Since 2013 there has been a 45 percent increase in phone fraud and now more than one in every 2,000 calls to corporate call centers is fraudulent. This kind of fraud is costing business as…
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May 10, 2016
Data Shows Phone Fraud Costing Businesses as Much as $27M a Year
Last year, about one in every 1,700 calls to a corporate call center in the United States was from a fraudster, and those malicious calls can cost large organizations as much as $27 million per year, new research shows. The rate of phone fraud in corporate call centers has jumped by more than 45 percent in the last…
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May 6, 2016
Jolly Roger and the Rise of the Anti-Bot Bots
A bot that started as a way for one man to annoy and frustrate telemarketers and robocallers has now developed into a subscription service for consumers and businesses who have had enough of the unsolicited and sometimes fraudulent calls. The Jolly Roger Telephone Co. is the creation of Roger Anderson, a phone industry veteran who…
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April 27, 2016
Hear a Real Bank Phone Fraud Call From a Fake Cop
The ongoing problem of fraudsters targeting senior citizens with sophisticated phone scams has taken a new turn, as the criminals have begun using a technique that involves them showing up at victims’ homes to collect their debit cards. The scam is an extension of a common phone fraud technique in which criminals call victims–typically senior…
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March 18, 2016
IRS Phone Scammers Shift Tactics
The variety of IRS tax scams is continuing to increase, and the agency is now telling consumers to be wary of a recent shift in scammers’ tactics regarding tax refund schemes. The latest version involves scammers calling consumers to “verify” details of their tax returns and harvesting valuable personal information. Most of these schemes involve…
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February 29, 2016
On the Wire Podcast: Roger Anderson
Roger Anderson is a self-proclaimed phone geek, the kind of guy who loves getting into the guts of a telco network and figuring out how it works. So when he decided that he’d had enough calls from telemarketers and robocallers, he didn’t cancel his landline, he built the Jolly Roger Telephone Company, a bot that…
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February 18, 2016
IRS Warns of 400% Jump in Tax Scams
The IRS is warning consumers about a huge spike in the volume of phishing emails related to tax return fraud, something that has become an annual occurrence. The warning comes a couple weeks after the agency issued a similar warning about phone fraud scams related to the IRS. Numbers compiled by the agency show that…
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February 18, 2016
Owning VOIP Phones With Zero Clicks
Researchers have uncovered a simple method for compromising some common VOIP phones, enabling them to listen to victims’ calls covertly or use the phones to make expensive or fraudulent calls. The attack takes advantage of the fact that the affected phones don’t have any authentication set up by default, but do have a vulnerability that…
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February 16, 2016
UK Launches Task Force to Address Fraud
Phone fraud, vishing, and other forms of financial fraud have emerged as serious threats to many financial institutions and their customers. Banks and government agencies have begun forming alliances to help address the issue, and the latest is a new task force in the U.K., comprising banks, law enforcement, and government agencies, that will help…
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