In This Section


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 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

This Is Money: Banks Launch Fraud Campaign and Reveal 8m are Vulnerable to Phone Fraudster Vishing Attacks – Just Weeks After This Is Money Calls for More Action – Oct. 13, 2014

TechCrunch: Tinder Spammers Move To SMS After Improvements To Dating App’s Security – Oct. 10, 2014

Introducing Pindrop® Express – Authenticate without compromise.