Tag: scams

Scams are not a new threat; they have coexisted with the financial market since its beginnings. The earliest scam is estimated to have been in Ancient Greece and since then they have evolved to become so highly sophisticated that stopping them has become a Sisyphean task.

Scams remain a persistent threat despite growing awareness, largely because they exploit human trust through manipulation and misrepresentation. Unlike traditional fraud, scams often involve victims willingly sharing sensitive information, unaware of the scammer’s true intent until it’s too late.

In a stark reminder of the pervasive threat of financial scams, Americans reported losses amounting to $3bn due to impersonation scams in 2024, despite...

Santander UK has unveiled the latest findings from its inaugural Quarterly Scamtracker, revealing a concerning £18.4m stolen through scams in the first quarter of...

In a report released by Barclays, 18% of consumers acknowledged falling victim to scams in the past year, with a staggering 93% of these...

A recent study conducted by Tunic Pay in collaboration with Opinium, reveals that the UK's current banking measures to combat fraud are falling short of effectiveness.

The Japanese government, led by Prime Minister Fumio Kishida, has resolved to combat the escalating issue of fraudulent advertisements on social media.

Commonwealth Bank has embarked on a partnership with Vodafone which aims to bolster defenses against the threat of SMS scams.

Australian banks have collectively launched the Scam-Safe Accord, marking a significant step in the battle against financial scams.

The ABS has declared the advanced security measures taken by significant retail banks in Singapore are proving effective against scams.