Tagged: scams

July 23, 2026 @ 6:23 am By Omar Faridi  |  

The latest insights from UK Finance underscore a persistent and evolving challenge in the fight against financial crime. Despite consant efforts by banks and financial institutions to block illicit activities, fraudsters are demonstrating greater sophistication, leading to rising losses and a notable change in tactics…. Read More

July 7, 2026 @ 6:23 am By Omar Faridi  |  

The United Kingdom’s Payment Systems Regulator (PSR) has announced that its mandatory reimbursement rules for authorised push payment (APP) fraud are producing clear overall benefits for consumers and the wider payments sector. Authorized push payment scams occur when individuals are tricked into authorizing transfers directly… Read More

June 25, 2026 @ 2:22 am By Omar Faridi  |  

Starling Bank has launched a new artificial intelligence tool designed to help customers identify and avoid romance scams, investment fraud, and deepfake phishing attempts. The Scam Intelligence AI-agent, now integrated into the bank’s Starling Assistant, became available to its five million customers on 24 June… Read More

June 20, 2026 @ 1:27 am By Omar Faridi  |  

MetaMask has introduced a new security feature designed to shield users from address poisoning, one of the most deceptive and increasingly prevalent threats in the cryptocurrency space. MetaMask added that this update marks a significant step forward in proactive wallet protection, addressing a scam that… Read More

June 16, 2026 @ 2:53 am By Omar Faridi  |  

Blockchain intelligence firm TRM Labs has issued an early alert on rising cryptocurrency scams linked to the upcoming FIFA World Cup 2026. According to their analysis, fraud operators are already deploying various schemes aimed at enthusiastic supporters, capitalizing on heightened excitement around the global tournament…. Read More

June 15, 2026 @ 2:10 am By Omar Faridi  |  

Criminals stole nearly £1.28 billion through payment fraud in 2025, according to the latest annual figures from UK Finance, marking a 4% rise from the previous year. The data underscores how fraud has evolved into a large-scale operation that endangers individuals, companies, and the broader… Read More

June 8, 2026 @ 12:08 pm By Ariel Reid  |  

There is a reason your bank texts you a fraud alert instead of emailing it. People open text messages. Almost all of them, almost immediately. SMS open rates run as high as 98%, and roughly 90% of messages are read within three minutes of delivery…. Read More

June 1, 2026 @ 6:04 am By Omar Faridi  |  

The US Securities and Exchange Commission (SEC) has taken legal action against Nathan Fuller, a resident of Cypress, Texas, accusing him of masterminding a significant cryptocurrency fraud that defrauded approximately 150 investors of around $12.3 million. The SEC has filed its complaint on May 28,… Read More

May 9, 2026 @ 2:51 pm By Omar Faridi  |  

Cybersecurity firm Kaspersky has issued new warnings about evolving online risks that could leave millions vulnerable to financial losses and data theft. In separate reports released this week, the digital security company detailed how subtle “gray” scam websites are tricking users worldwide and revealed troubling… Read More

May 8, 2026 @ 10:19 pm By Omar Faridi  |  

A 30-year-old Saipan resident known as Sze Man Yu Inos, who also goes by the name Yuki, was sentenced to more than five and a half years behind bars for orchestrating a deceptive wire fraud operation that exploited the trust of numerous older women. On… Read More

May 4, 2026 @ 8:49 am By Omar Faridi  |  

North Korea has launched a forceful denial of international accusations linking it to large-scale cryptocurrency thefts, directing its ire at what it describes as “reptile media” alongside U.S. officials and allied groups. In an official statement released through state channels, a Foreign Ministry spokesperson dismissed… Read More

April 29, 2026 @ 7:53 am By Omar Faridi  |  

The Canadian federal government has unveiled plans to outlaw cryptocurrency automated teller machines (ATMs) nationwide. The announcement, embedded in the Spring Economic Update 2026 released on April 28, positions the ban as a direct response to the machines’ increasing exploitation by scammers and money launderers…. Read More

April 29, 2026 @ 2:29 am By Omar Faridi  |  

A research study from the Central Bank of Ireland has uncovered that roughly 35 percent of adults across the country have fallen victim to fraud or scams at some point. Alarmingly, nearly two-thirds of those affected ended up losing money, yet the research highlights a… Read More

April 29, 2026 @ 12:56 am By Omar Faridi  |  

The Federal Trade Commission (FTC) has recently released the latest statistics revealing that social media platforms have become the dominant channel for fraudsters targeting consumers, leading to unprecedented financial harm. The FTC revealed that in 2025 alone, individuals who fell victim to these schemes reported… Read More

April 27, 2026 @ 3:51 pm By Omar Faridi  |  

Robinhood Markets (NASDAQ:HOOD) has one of the most seamless digital investing and trading experiences, however, the investment platform continues to face challenges such as malicious phishing emails being sent to unsuspecting users. Recently, Robinhood Markets sent out an email to users explaining how consumers are… Read More

April 13, 2026 @ 7:35 pm By Omar Faridi  |  

UK Finance noted that the ongoing battle against financial crime has become more challenging because artificial intelligence has emerged as a powerful weapon (but for both sides). A recent analysis from UK Finance underscores a critical shift where fraudsters are now harnessing AI to outpace… Read More

April 12, 2026 @ 9:04 pm By Omar Faridi  |  

The Federal Bureau of Investigation (FBI) highlighted just this past week the significant growth of online scams fueled by cryptocurrency and artificial intelligence, revealing that these sophisticated schemes drained nearly $21 billion from US victims last year alone. The FBI’s 2025 Internet Crime Complaint Center… Read More

March 31, 2026 @ 7:21 am By Omar Faridi  |  

The Payments Association in the UK has issued a strong appeal for the introduction of a collective accountability model in financial regulation. This proposal emerges from fresh analysis showing that a major share of recent losses tied to authorized push payment scams can be linked… Read More

March 31, 2026 @ 5:29 am By Tony Zerucha  |  

NordVPN’s Threat Intelligence research unit, in collaboration with TechRadar, has revealed three major, interconnected global cybercrime operations exploiting user trust in digital platforms, outdated technology, and cryptocurrency markets. “Online scams are evolving faster than ever before. What once looked like crude attempts to trick a… Read More

March 29, 2026 @ 2:31 pm By Omar Faridi  |  

Earlier this month, the web3 and crypto sector has suffered another setback with the Chapter 11 bankruptcy filing of Goliath Ventures, a Florida-based firm previously known as Gen-Z Venture Firm. Its founder and former CEO, Christopher Delgado, was arrested by federal authorities on charges of… Read More