money consumer-affairs 
Krebs on Security
OCTOBER 7, 2022
consumers have their online bank accounts hijacked and plundered by hackers, U.S. A common example of the latter is the Zelle Fraud Scam , which uses an ever-shifting set of come-ons to trick people into transferring money to fraudsters. “That’s money that they’re paying for out of pocket almost entirely for goodwill.
Security Affairs
APRIL 5, 2023
Resecurity has recently identified the STYX Marketplace, a new cybercriminal e-commerce platform with a specialized focus on financial fraud and money laundering. The EU is where these types of threat actors typically set up merchant terminals and business bank accounts to facilitate money laundering in the form of ‘cash-outs’ and bank drops.
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Security Affairs
APRIL 6, 2023
Its services are used by companies and financial institutions including BMW, Vodafone, the Australian government, Westpac, ANZ, HSBC, and Virgin Money. Data leak affected QBANK, Defence Bank, Bloom Money, Admiral Money, MA Money, and Reed. The exposure of its ID and secret can potentially compromise KYC processes.
Security Affairs
JULY 31, 2022
. “The FCC’s Robocall Response Team is alerting consumers to the rising threat of robotexts. Threat actors use multiple lures to trick victims into providing their information or sending them money. “For more information about scam calls and texts, visit the FCC Consumer Help Center and the FCC Scam Glossary.”
Security Affairs
APRIL 14, 2020
Consumer reports received since January 2020 revealed that that approximately $12 million were lost due to Coronavirus-related scams, FTC says. Federal Trade Commission revealed that Coronavirus-related scams reported by consumers since January 2020 caused approximately $12 million losses. ” reads the FTC advisory.
Krebs on Security
APRIL 30, 2020
One of the more common and perennial cybercriminal schemes is “reshipping fraud,” wherein crooks buy pricey consumer goods online using stolen credit card data and then enlist others to help them collect or resell the merchandise. Here’s a look at how they’re adjusting to these new realities. FUELED BY MULES.
Security Affairs
JANUARY 30, 2022
The US agency received over 95,000 reports from US consumers victims of social media frauds, this marks an 18-fold increase over 2017 reported losses and more than double compared to 2020. More than 25% of individuals who reported losing money to social media fraud in 2021 said it started on social media with an ad, a post, or a message.
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