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)
Do 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 & FraudSouth Atlantic Bank and the GoVA Foundation speak on current scams directed at military families and tips to detect and fight off fraud. The GoVA Foundation is a 501(c)3 nonprofit delivering free, comprehensive financial education to service members, Veterans, and military families nationwide. We are proud to partner with the GoVA Foundation to assist in […]
Learn More About Mission Financial Security: Defending Against Today’s ScamsLowcountry Legal Volunteers (LCLV) has received a $200,000 grant from the Federal Home Loan Bank of Atlanta (FHLBank Atlanta), administered through South Atlantic Bank, to deliver 225 wills and heirs’ property education and prevention services across Beaufort, Jasper, and Hampton counties. This funding, part of FHLBank Atlanta’s 2024 Heirs’ Property Family Wealth Protection Program, will […]
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