Timely Topics:
Gift Card Gang Extracts Cash From 100k Inboxes Daily
Some of the most successful and lucrative online scams employ a “low-and-slow” approach — avoiding detection or interference from researchers and law enforcement agencies by stealing small bits of cash from many people over an extended period. Here’s the story of a cybercrime group that compromises up to 100,000 email inboxes per day, and apparently does little else with this access except siphon gift card and customer loyalty program data that can be resold online.
From “Krebs On Security” Brian Krebs (9/02/2021)
Security, Features Equally Valuable To Mobile App Users
The results of Appdome’s 2021 Mobile Consumer Survey of 10,000 global mobile consumers demonstrated the importance of assuring app users that their data is secure by implementing in-app security and malware protection across all Android and iOS apps. Thirty-eight percent of respondents said they care more about security than features in the apps they use, 37% said the opposite is true, and 25% said they care about app security and features equally.
From “Credit Union Times” Natasha Chilingerian (8/25/2021)
How To Fight SMS Scams In A Post-Pandemic World
The pandemic and associated lockdowns increased the number of people conducting business online. That, in turn, led to a 328% increase in SMS text messaging scams in Q3 2020 compared to the previous quarter. The increase in scams has been particularly troublesome for individuals and organizations whose employees lack adequate security awareness; scammers are capitalizing on these easy targets. Can anything be done to stop them?
From “Forbes” Venky Balasubramanian (8/18/2021)
Is it paying bills on time, robust savings, retirement fund, affording a new car? Whatever financial health means to you, it starts with getting your finances in order. It’s easy to think that keeping track of your account balances is all you need to do to stay on top of your finances. But that is […]
Learn More About What Does Financial Health Mean to You?Homeownership is the American Dream. It’s a significant step towards building wealth, but people across the country are struggling to purchase a home because of limited homes for sale, prices are high, and the Fed is raising interest rates. However, homeownership is not a lost dream – it’s a long-term investment. Here’s how you can […]
Learn More About 5 Tips for Home BuyersDo You Practice Safe Checks? It should come as easily as airline safety, so buckle up for this one. Despite the fact that check use has declined by 25%, reports of check fraud have soared. In fact, they’ve nearly doubled since 2021. Criminals are becoming more sophisticated and finding new ways to steal your financial […]
Learn More About Practice Safe ChecksProtect Yourself from Scammers According to a recent alert to banks from the Financial Crimes Enforcement Network, part of the Treasury Department, criminals have been increasingly targeting the U.S. Mail and United States Postal Service mail carriers since the COVID-19 pandemic to commit check fraud. Criminals typically steal personal checks, business checks, tax refund checks, […]
Learn More About Check Theft & FraudEach year older Americans lose approximately $2.9 billion to fraud, but it is suspected that number is drastically underestimated because only one in 44 seniors report financial abuse. The following tips are helpful for seniors and their financial caregivers to proactively protect themselves and their loved ones from fraud. For more financial caregiver resources, visit […]
Learn More About Safe Banking for SeniorsWatch Out for Election-Themed Scams In this week’s scam, cybercriminals are taking advantage of the upcoming United States elections to try and steal your personal information and money. The scams vary slightly and involve fake text messages, social media posts, phone calls, and more. Cybercriminals use AI to make these phishing attempts even more convincing. […]
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