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Dec. 4, 2014 – The Week in Phone Fraud

This week in phone fraud news, Pindrop Security named the top 10 phone scams of the year and the Financial Fraud Action UK (FFA UK) found that UK citizens lost £23.9 million (nearly $37.5 million USD) to phone scams this year.

On Thursday, Pindrop Security released a research report naming the top 10 phone scams of 2014. SC Magazine reported: “Credit card scams made up 18.5 percent of total phone scams, while offers for free home security systems came in at 13.6 percent, according to the report.”

On Tuesday, the FFA UK announced findings from its recent survey, which found that phone fraud in the UK tripled over the past year, costing victims £23.9 million. It also found 58 percent of people received suspect calls about their banking details, a 17 percent rise from 12 months ago.

Full Breakdown of This Week’s Phone Fraud News

SC Magazine: Credit Cards a Top Target of Phone Scams, Report Says – Dec. 4, 2014

Signal Online: Behavioral Analytic Tools Could Shore Up Cybersecurity Vulnerabilities – Dec. 4, 2014

Infosecurity Magazine: UK Vishing Attacks Net Fraudsters £24 Million – Dec. 3, 2014

Threat Post: Avoiding Data Breaches with Context Aware Behavioral Analytics – Dec. 3, 2014

Daily Mail: Fraudsters Target Elderly With Bogus Phone Calls from Banks or the Police: Six in Ten People Have Now Received Suspect Calls as Amount Lost This Year to Scams Hits £24M  Dec. 2, 2014

Financial Times: Phone Fraudsters Con Savers out of £23.9m – Dec. 2, 2014

Press Association: Campaign as Phone Scam Costs Rise – Dec. 2, 2014

San Francisco Chronicle: Elder Abuse Charges In Alleged Telemarketing Scam – Dec. 2, 2014

This is Money: Santander Knew Jim Was Being Targeted by Fraudsters – Yet Still Let Them Steal £66,000 of His Life Savings – Dec. 2, 2014

BBC: Phone Scammers ‘Net £23.9M In A Year’ – Dec. 1, 2014

San Jose Mercury News: Santa Clara County Sheriff’s Office Warns Of Phone Call Scams Requesting Money – Dec. 1, 2014

Romford Recorder: Teenager admits involvement in £24,000 phone fraud in Blackmore – Dec. 1, 2014

Government Security News: SCE Warns Customers To Be Aware Of Utility Bill Scam During The Holiday Season – Nov. 30, 2014

News9: ‘Spoofing’ Scam Leads to Death Threat Against Metro Woman – Nov. 29, 2014

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