Phishing, fraud, and the financial sector's crisis of trust - Help Net Security

Payment firms call for greater social media fraud responsibility

Pressure on social media platforms to share the responsibility of tackling fraud is rising as banks and payment firms call for a joint effort. Amid public demands from the likes of Revolut and Innovate Finance for social media to take greater responsibility in supporting fraud victims, a handful of firms have told UKTN they support these calls. Scams, in particular authorised push payment (APP) fraud, have become one of the most common crimes in…

Don't click! Don't answer! Don't pay! - That's what the county police advise about fraudulent emails. In Siegburg a man fell in, who didn't heed these clues. 100,000 euros are gone.

Behind these phishing mails supposedly from Facebook, the savings bank, banks or PayPal are scammers who want to hijack your account. What you can do about it.

Stop fraud before it happens - advanced fraud prevention for financial institutions - TechCentral

Financial institutions face increasing risks from sophisticated document manipulation, says SprintHive.

Protect your e-commerce customers from fraud during checkout - Tech Collective

The rise of e-commerce has made shopping easier and more convenient for consumers around the world in many ways. An unfortunate side effect of the online shopping boom, however, is that online scams and fraud are also on the uptick. Reports of cybersecurity incidents like unauthorized transactions and identity theft can often make people second-guess their purchases. Buyers who are particularly anxious about payment fraud may hesitate to transac…

Phishing, Fraud, And The Financial Sector's Crisis Of Trust - Cybernoz - Cybersecurity News

The financial sector is under growing pressure from advanced phishing attacks and fraud, causing major financial losses and eroding customer trust. Escalation of phishing attacks While traditional phishing relied on generic emails to steal sensitive data, cybercriminals now use targeted spear-phishing, leveraging personal information for credibility. AI-driven attacks, including deepfake scams, allow fraudsters to impersonate bank executives or …