Tagged: scams

September 16, 2021 @ 7:24 am By Omar Faridi  |  

The team at digital bank Starling asks whether you’ve every agreed to plans for something you “really didn’t want to do.” The UK-based banking challenger also asks whether you’ve “walked down the high street and been unable not buy something from that fast-talking street vendor.”… Read More

September 13, 2021 @ 10:49 am By Omar Faridi  |  

Eastern Europe has one of the largest cryptocurrency economies in the world. A recent report reveals that it’s the third-ranked global region for “overall exposure to illicit activity.” Eastern Europe is the only world region with a total transaction volume of $400 million+ for which… Read More

September 7, 2021 @ 9:17 pm By Omar Faridi  |  

The team and developers at blockchain platform Qtum (QTUM) recently noted that their official Telegram channel is one of their “most popular” social media sites. Qtum wrote in a blog post that it’s great for chatting and troubleshooting with their knowledgeable administrators. Unfortunately, however, this… Read More

August 21, 2021 @ 7:51 pm By Omar Faridi  |  

The team at Astra Protocol, which aims to equip the decentralized finance (DeFi) space with a complete legal layer and unlock the future growth of the industry, notes that operating within DeFi comes with “unpredictability” as well as key opportunities. Some of the main benefits… Read More

July 15, 2021 @ 7:56 am By Omar Faridi  |  

Nethone, which has raised $6.7 million in capital, notes that its passive behavioral biometrics enables online or digital businesses to prevent more than 95% of account takeovers (ATO) – which are cyber threats or attacks that have been spreading across the globe at an alarming… Read More

June 10, 2021 @ 6:59 am By Omar Faridi  |  

Worldline (Euronext: WLN), the European leader in payments and transactional services firm, has teamed up with Microsoft (NASDAQ: MSFT) in order to integrate Dynamics 365 Fraud Protection into Worldline’s digital commerce payments solution. Online fraud has increased considerably during the COVID-19 crisis and resulting economic… Read More

June 5, 2021 @ 7:50 pm By Omar Faridi  |  

HSBC Holdings plc (NYSE: HSBC), a British multinational investment bank and financial services holding company, recently revealed that its UK division had introduced a fraud awareness app to offer businesses or companies up-to-the-minute or the latest updates on potential scams. HSBC, which is the second… Read More

May 25, 2021 @ 1:39 am By Omar Faridi  |  

NatWest, a major retail and commercial bank in the UK, will reportedly be letting clients set up their own daily digital bank transfer limits – which should help reduce the potential damage done by authorized payment push (APP) scams. NatWest, Royal Bank of Scotland and… Read More

May 18, 2021 @ 10:17 pm By Omar Faridi  |  

UK-based consumer group Which? has asked local banking institutions and building societies to release figures on the number or percentage of clients they refund for authorized push payment (APP) fraud. APP scams have been increasing during the Coronavirus crisis, with losses reaching almost half a… Read More

May 14, 2021 @ 1:57 pm By Omar Faridi  |  

UK Finance, a trade association for the UK banking and financial services sector (representing around 300 local companies offering credit, banking, markets and payment-related services), has shared an analysis of almost 7,000 authorized push payment (APP) scam incidents. The analysis reveals that around 70% of… Read More

April 28, 2021 @ 8:43 pm By Omar Faridi  |  

Brian Kerr, Co-founder of Kava, has published a blog post in which he revealed that his team is introducing the Kava SAFU Fund (Security of Assets Fund for Users). Kerr noted in the update, dated Wednesday (April 28, 2021) that Kava SAFU Fund is an… Read More

April 4, 2021 @ 10:54 pm By Omar Faridi  |  

Digital banking challenger Revolut notes that whether you are just opening your doors to clients, growing a company or investing in a new initiative, let’s “launch into action” during this spring season. Revolut writes in a blog post that Revolut‘s virtual and physical debit cards… Read More

March 31, 2021 @ 11:47 pm By Omar Faridi  |  

Apple (NASDAQ:AAPL) is reportedly being accused of enabling or supporting a fraudulent app which allegedly stole $600,000 worth of Bitcoin from an unsuspecting user.  A man is claiming that Apple had listed the scam app in its App Store that was posing or pretending to… Read More

March 17, 2021 @ 9:46 pm By Omar Faridi  |  

A teenager who’s responsible for taking over many high-profile Twitter accounts, as part of a huge Bitcoin scam last year, has now agreed to serve 3 years in prison in a plea deal. Graham Clark, 18, has confirmed that he’ll be pleading guilty to State… Read More

March 6, 2021 @ 4:04 pm By Omar Faridi  |  

With over $40 billion locked into decentralized finance (DeFi) platforms (at the time of writing), according to DeFi Pulse data, it’s now clear that the era of DeFi has arrived, crypto analysts have argued. However, with many new exploits frequently taking place, there’s been significant… Read More

January 5, 2021 @ 9:00 pm By Omar Faridi  |  

Bitcoin (BTC) and other cryptocurrency platforms such as Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), Binance Coin (BNB), Chainlink (LINK), and Polkadot (DOT) are being increasingly adopted by a diverse group of users across the globe. Many more institutions and fairly large publicly listed companies… Read More

December 26, 2020 @ 9:57 pm By Omar Faridi  |  

Digital asset exchange Coinbase notes that its Security team regularly monitors the safety of its trading platform and customers’ funds. The US-based exchange also keeps a close eye on security threats and “abuse trends” affecting the larger crypto-economy. In December of this year, personal information… Read More

December 24, 2020 @ 4:01 pm By Omar Faridi  |  

The Security team at Gemini Trust Company, LLC (Gemini), a digital currency exchange and custodian, has revealed that they’ve seen a significant increase in the number of crypto-related scams, as virtual currencies continued to gain popularity over the past year. Gemini Security explains that scams… Read More

December 13, 2020 @ 8:24 pm By Omar Faridi  |  

The UK’s Financial Conduct Authority (FCA) has issued “Three Wise Warnings” for the nation’s consumers. The financial regulator has cautioned that customers should look out for loan fee fraud this Christmas or holiday season. The FCA notes that if you’ve been asked to pay some… Read More

October 12, 2020 @ 10:56 am By JD Alois  |  

The Belgian Financial Services and Markets Authority (FSMA) estimate that from May 2019 to September 2020, around €10 million was lost by investors who were scammed by bogus trading platforms – including cryptocurrency offerings. Belgium is a country with a population of around 11 million… Read More