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Amount of fraud in UK more than doubled to £2.3bn in 2023, report finds | Scams

The report says the value of fraud committed in the UK will more than double to £2.3bn in 2023, making it the second richest year in 20 years. The report also warns of the future impact of fraudsters using artificial intelligence. deceive consumers. According to accountancy firm BDO’s latest FraudTrack report, the number of reported […]

Banks ask for help protecting customers from online romance scams – CNBC

The banking industry is seeking help from the federal government and the social media industry to stop an escalating crisis that costs Americans billions of dollars each year: online romance fraud. Such digital crimes have skyrocketed since the pandemic, as criminals reach out to lonely Americans on social media by posing as attractive partners. “We […]

Stop these V-day scams before they break your heart and your bank account

Barren As Valentine’s Day approaches, many people think of love. But online romance adds a layer of potential deception to every connection, creating complex courtship and coupling dynamics. Although you want to keep the romance alive, it’s important to enter the world of online dating with open eyes and ears as much as an open […]

How to protect your kids and teens from popular cyber scams

When you think of someone getting scammed, what comes to mind? Grandma on the phone? If so, this will probably surprise you. Total money lost by teens to online scams nearly rises 2,500% Victims under the age of 20 suffered a staggering $210 million in losses in 2022 alone. Educating children about the warning signs […]

How to protect yourself from Venmo, Zelle and Cash App scams

Imagine walking down the sidewalk and a scammer pulls a gun on you. Open a payment app on your phone and transfer your hard-earned cash, or take a bullet to the head. This is one of the real-life phone cash rip-off scenarios that happens to many people in America. Other Cash App crimes have also […]

Scams are the policy problem no one is talking about

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Gen Z leading the way in credit card ‘friendly fraud’ scams

They are now canceling their honesty. A new report reveals the shockingly high number of Gen Zers who have openly admitted to engaging in credit card fraud, with nearly half of them committing financial crimes. According to new data from anti-fraud company Sift. According to the survey, 42% of people under the age of 26 […]

QR code scams are on the rise, FTC warns — here’s how to protect yourself

Since the COVID-19 pandemic, QR codes have grown in popularity and their use in the form of paperless menus and invoices has skyrocketed. But the convenience and efficiency of scannable codes comes with threats. Users can easily fall victim to fraud. According to a report by Check Point cybersecurity experts: 587% increase In QR phishing, […]

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