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 the app aimed at stopping fake spambot profiles. Despite Tinder’s claim that it has seen a marked decrease in spam profile activity, Pindrop researchers found that many spammers switched tactics to lure Tinder users to the phone channel.
On Wednesday, the BBA began a customer focused phone fraud awareness campaign. Reuters reported on the warning, explaining that just a few pieces of information from social media could give fraudsters the information they need to gain access to a personal account.
Full Breakdown of This Week’s Phone Fraud News
Peninsula Press: Financial Scams Causing More San Mateo County Seniors To Seek Help – Oct. 16, 2014
CBR: Millions of Brits Vulnerable to Banking Frauds – Oct. 14, 2014
Reuters: Social Media: More Hindrance Than Help In Banks’ Cyber Crime Fight – Oct. 14, 2014
Associated Press: Banks Harvest Callers’ Voiceprints To Fight Fraud – Oct. 13, 2014
BBC News: Millions of Customers Vulnerable to Fraud, Warn Banks – Oct. 13, 2014
CSO: The Human OS: Overdue for a Social Engineering Patch – Oct. 13, 2014
Finextra: BBA Launches Vishing Fraud-Awareness Campaign – Oct. 13, 2014
The Guardian: Eight Things Your Bank Will Never Ask You (But A Fraudster Might) – Oct. 13, 2014
TechCrunch: Tinder Spammers Move To SMS After Improvements To Dating App’s Security – Oct. 10, 2014