Tag: scams

Revolut, a global financial superapp serving over 35 million customers, has significantly expanded its Financial Crime (FinCrime) division, doubling the headcount since 2021.

The New Zealand Banking Association has unveiled new measures to amplify their fight against financial scams.

As cryptocurrencies become increasingly popular, the risk of scams targeting investors has grown. In response, Commonwealth Bank (CBA) has launched new safety measures aimed at safeguarding its customers. The bank will now impose restrictions, delays, and limits on certain payments to cryptocurrency exchanges.

Shield, a security company focused on protecting users from online scams, has landed $2.1m in a pre-seed investment raise.

The PSR has published a consultation on guidance to support PSPs providing correct data when they report authorised push payment scams to regulators.

The Australian Communications and Media Authority (ACMA) has registered new rules to require telecos to identify, trace and block SMS scams.

The FBI has claimed that losses from business email compromise and email account compromise have surpassed $43bn worldwide.

Reports received by the Federal Trade Commission have found US citizens were scammed to the tune of $770m through social media cons during 2021.

A report by Group-IB has found threat actors are making $80m a month by impersonating known brands asking people to participate in phoney surveys and giveaways.

A US federal judge has sentenced a Houston-based man to a 7-year jail sentence for his role in trying to steal over $2m from victims through romance scams and spoofed emails.