Tagged: scams

December 28, 2025 @ 9:32 pm By Omar Faridi  |  

Analysis from the Federal Trade Commission shows that since 2020 consumers reported nearly 65,000 rental scams, many of which originated from fake listings on sites like Facebook and Craigslist, and “losses totaling about $65 million.” Rental scams usually involve fake rental listings, which “can often… Read More

December 28, 2025 @ 7:55 am By Omar Faridi  |  

The Securities and Exchange Commission recently filed charges against purported crypto asset trading platforms Morocoin Tech, Berge Blockchain Technology, and Cirkor, and investment clubs AI Wealth Inc., Lane Wealth, AI Investment Education Foundation, and Zenith Asset Tech Foundation alleging that they defrauded retail investors “out of… Read More

December 26, 2025 @ 3:50 pm By Omar Faridi  |  

Bank of Ireland says that it is reminding and warning all of its customers about social media advertisements that are currently in circulation which are said to be “impersonating well-known retailers offering deals and bargains.”  With online shopping at its peak during the festive season,… Read More

December 26, 2025 @ 8:38 am By Omar Faridi  |  

UK fraud reports from the past year have reportedly been dominated for the most part by vehicle and various ticket scams in 2025, according to new figures from Lloyds. It was driving lessons and test scams that have now recorded the sharpest year-on-year rise, up… Read More

December 8, 2025 @ 3:07 am By Omar Faridi  |  

The Tech Against Scams Coalition (TASC), a collaboration of leading tech companies, announced Scamberry Pie, a holiday initiative focused on helping families and communities start conversations about online scam red flags. The campaign centers on Scamberry Pie, which is described as “a limited-edition cranberry tart… Read More

November 27, 2025 @ 10:45 am By Omar Faridi  |  

Ahead of the busiest retail weeks of the year, including Black Friday, Cyber Monday and the Christmas shopping period, Bank of Ireland is advising consumers to “remain vigilant” of purchase scams. Recent analysis by Bank of Ireland’s Fraud team revealed that purchase scam cases rose… Read More

November 22, 2025 @ 3:18 pm By Omar Faridi  |  

Approximately £2 million pounds in total card chargebacks have been claimed back by Lloyds customers after a reported surge in so-called dodgy websites, according to the most recent data and insights from the banking institution. Lloyds has carefully examined and analysed reports they’ve obtained this… Read More

November 11, 2025 @ 7:46 am By Omar Faridi  |  

The Bank of Ireland has recently noted that the majority or more than half of the reported cases of investment fraud have been reported by clients who are aged 65 and older. Bank of Ireland data indicated that these developments were observed during the first… Read More

November 9, 2025 @ 10:31 pm By Omar Faridi  |  

This past week, Eurojust announced the results of an international operation that has been credited with dismantling a transnational criminal network, which is said to have been behind one of the largest crypto investment fraud schemes uncovered to date. TRM Labs noted in an extensive… Read More

November 3, 2025 @ 12:54 am By Omar Faridi  |  

Starling Bank is leveraging AI in order to help customers spot the warning signs of so-called purchase scams. The digital tool, Scam Intelligence, allows clients to upload images of various items as well as ads from various marketplaces, and analyses them for potential signs of… Read More

October 24, 2025 @ 8:08 am By Omar Faridi  |  

More than £600 million has reportedly been stolen by fraudsters in first half of 2025. UK Finance releases its half year fraud report, detailing the amount its members reported as stolen through payment fraud and scams in the first half of 2025. Criminals stole £629.3… Read More

October 21, 2025 @ 9:25 am By Omar Faridi  |  

FutureBank, a banking and payments integration platform, announced an international partnership with Regtech company Sumsub, a global verification provider. The latest collaboration should help banking service providers with enhancing their digital transformation strategies and control all identity operations via a unified platform. The partnership brings… Read More

October 6, 2025 @ 2:52 am By Omar Faridi  |  

According to available data, Regtech firm SlowMist noted that the MistTrack Team received a total of 317 stolen fund reports during the third quarter of this year, which reportedly includes 245 local submissions as well as 72 different international submissions. The team has now provided… Read More

October 1, 2025 @ 12:00 pm By Omar Faridi  |  

Digital bank Revolut has reportedly recorded the highest number of fraud and scam complaints that had been referred to the Financial Ombudsman Service (FOS). Data reviewed by Which? found that fraudulent activity complaints from clients of the digital banking service provider had outnumbered all other… Read More

September 26, 2025 @ 4:47 pm By Omar Faridi  |  

In a move against the rise of cyber fraud, Australia’s Westpac Banking Corporation has unveiled innovative tools to fortify customer protections, coinciding with a notable downturn in scam-related losses. Announced on September 26, 2025, the bank’s initiatives underscore a sort of multi-pronged strategy to outpace… Read More

September 21, 2025 @ 2:11 pm By Omar Faridi  |  

Digital assets platform CoinList continues to serve as a conduit linking emerging blockchain projects with early supporters. During the past month, CoinList has unveiled several strategic developments that aim to streamline investments, bolster security, and open new avenues for participation in decentralized networks. These updates… Read More

September 18, 2025 @ 8:26 am By Omar Faridi  |  

Lloyds Banking Group has released key updates focused on a landscape marked by economic recovery signals and persistent fraud threats. The UK Sector Tracker reveals broadening demand growth across key industries, offering a glimmer of optimism for businesses, while a stark warning on romance scams… Read More

September 16, 2025 @ 2:42 pm By Omar Faridi  |  

The Bank of Ireland has unveiled key updates that reflect its evolving role in nation’s financial services industry. As the nation grapples with economic pressures, sustainability demands, and rising cyber threats, these developments highlight the bank’s proactive stance. From expanding green financing for farmers to… Read More

September 3, 2025 @ 2:18 am By Omar Faridi  |  

Australia is grappling with a rising tide of scams, and new data from Westpac has pinpointed the nation’s scam hotspots, with Sydney’s Central Business District (CBD) emerging as the most scammed postcode in the country. The findings, based on customer reports to Westpac, highlight that… Read More

August 18, 2025 @ 1:15 pm By Omar Faridi  |  

The Lloyds Banking Group has highlighted critical developments in its efforts to combat fraud and expand its services. The bank has issued stark warnings about a surge in advanced fee job scams and football ticket fraud, while also securing a significant contract to provide banking… Read More