Scams Archives | Page 6 of 11

Robotic Process Automation In Fintech

AI-Powered Scams: How Fraudsters Are Outsmarting Banks

Financial crimes are evolving, and the advent of artificial intelligence (AI) is significantly altering the landscape of banking fraud. Modern fraudsters are leveraging AI to execute sophisticated scams, posing substantial threats to both consumers and financial institutions. With AI providing unprecedented power to bypass anti-spoofing checks and voice verification systems, the traditional safeguards are no longer sufficient. Scammers can now

April 21, 2025

Cyber Security

Beware of SMS Phishing Scams Targeting MEXC Crypto Users

In recent times, phishing scams have become increasingly sophisticated, targeting users of cryptocurrency exchanges such as MEXC through SMS messages. These fraudulent messages often claim unusual activity on the account or require immediate verification, tricking users into clicking on malicious links or disclosing sensitive information. The exchange insists that there has been no data breach from their systems, attributing the

April 18, 2025

Cyber Security

Can We Stop the Rise of Celebrity and Political Deepfakes?

The alarming increase in deepfake incidents, particularly those targeting celebrities and political figures, has become a significant concern in the digital age. In this year alone, a staggering 179 deepfake incidents were recorded, surpassing the numbers from the previous year and continuing an unsettling trend. High-profile personalities such as Elon Musk and Taylor Swift have been among the most frequently

April 18, 2025

Digital Lending / Digital Payments

Taxpayers to Spend Refunds on Debt Relief Amid Digital Payment Shift

The recent income tax survey conducted by ACI Worldwide in collaboration with YouGov reveals insightful data on taxpayer behavior and payment preferences. According to the survey, nearly 40% of taxpayers intend to use their tax refunds for debt relief, signifying a strong desire to alleviate financial burdens such as credit card and loan payments. This tendency points to a growing

April 17, 2025

AI and ML

Can Blockchain Secure AI Avatars from Deepfake Abuse?

AI avatars are increasingly becoming indispensable in our digital engagements, significantly transforming how we interact on social media, conduct workplace meetings, and participate in the metaverse. Despite their growing importance, the centralized management of AI avatars poses significant dangers to user autonomy and personal security. These risks include exploitation, financial fraud, and identity loss. Exploring blockchain technology’s potential to address

April 16, 2025

Cyber Security

AI Presentation Tool Gamma Exploited in Sophisticated Phishing Scams

In an alarming development, an AI-powered presentation tool, Gamma, has been co-opted into sophisticated phishing attacks, casting a new light on the intersection of advanced technology and cybersecurity threats. Researchers at Abnormal Security have identified an intricate campaign where threat actors leverage Gamma’s longstanding legitimacy to deliver fake Microsoft portal links. Gamma, notable for generating detailed presentations using generative AI

April 16, 2025

Fintech Blockchain

How Can You Avoid Falling for Sophisticated Crypto Scams?

In an age where digital assets and blockchain technology have reshaped the financial landscape, the threat of sophisticated cryptocurrency scams has become more prevalent and cunning than ever.The digital nature of cryptocurrencies presents a fertile ground for scammers to exploit vulnerabilities, often employing intricate schemes that prey on individuals’ trust and lack of technical knowledge. This issue was starkly highlighted

April 11, 2025

Cyber Security

How to Stay Safe from Rising Mobile Malware and Scams

In recent years, a concerning trend has been observed in the digital landscape: a significant increase in mobile financial malware and scams. These malicious activities are especially targeting users of popular browsers like Chrome, Safari, and Edge, with a noticeable surge particularly among Android users. The tactics employed by cybercriminals to deceive unsuspecting victims are becoming more sophisticated, making it

April 10, 2025

Cyber Security

Phishing Scams Target Hotels: Urgent Need for Strongest Security

In an alarming development, a sophisticated phishing scam targeting hotel staff has surfaced, employing emails that appear to originate from the trusted online travel agency Booking.com. Cybersecurity firm Malwarebytes recently identified this nefarious attack, which aims to breach hotel networks by deceiving employees into executing malicious commands. These fraudulent emails prompt staff to confirm reservations by clicking on a link,

April 9, 2025

Cyber Security

How Can You Protect Against Rising Smishing Toll Scams?

The rise in smishing (SMS phishing) scams targeting toll service users has become a pressing concern in the US and UK, propelled by a China-based cybercriminal group known as the Smishing Triad. These scams involve sending fraudulent SMS and iMessage texts that mimic trusted toll agencies such as FasTrak, E-ZPass, and I-Pass. The messages claim recipients owe unpaid toll bills

April 9, 2025

Cyber Security

How Are Sophisticated Phishing Attacks Targeting Taxpayers?

Tax filing season always brings a mix of relief and anxiety, but it also brings an increased threat of phishing attacks targeting taxpayers.Cybersecurity experts have noted a drastic rise in sophisticated phishing campaigns aimed at individuals filing their taxes, leveraging mobile devices as a conduit for these fraudulent activities. This year, incidents of such phishing attacks have quadrupled since early

April 8, 2025

Cyber Security

How Are Cyber Criminals Exploiting QR Codes for Phishing Scams?

Cybercriminals are constantly evolving their tactics, always seeking new ways to exploit technology for financial gain and data theft. One of the latest threats in phishing attacks is Quishing, a form of QR code phishing that preys on the growing reliance on QR codes in daily life. From restaurant menus to digital payments and customer service portals, QR codes have

April 7, 2025