Artificial Intelligence (AI) could help banks to prevent over 100,000 Authorised Push Payment (APP) scams each year, according to a trial piloted by two major banks and LexisNexis Risk Solutions. The trial saw detection of in-progress APP scams double from 3-in 10 to 6-in-10 cases. Preventing 60% of APP…
With a few weeks into the festive season, the Police have come out to warn the public early enough against the increasing number of fraudsters who have started defrauding and conning people with cheap offers and deals. According to the police spokesperson, Fred Enanga, this is mainly done through online…
laflor / Getty Images In 2021, more than 2.8 million consumers reported that they were victims of scams, with total losses for the year adding up to $5.8 billion, according to the Federal Trade Commission. The FTC also noted that fraud losses were up 70% from the previous year. Holiday…
The Texas State Securities Board’s investigators used to browse classified newspaper ads and monitor lunch seminars for investment scams. Today, they are infiltrating chat rooms and using burner phones and fake social media profiles to root out fraud. The high tech scope of their work, sometimes involving global players, was…
Dinner dates may be dead as picnics, coffee dates, stand-ups, long drives and cooking were among the most popular dating ideas. Going alcohol-free during dates is also on the rise in India this year. More than a hookup, but not quite a traditional relationship, the “situationship,” a casual-yet-clearly-defined relationship, came…
Scams, and the con artists behind them, are forever evolving and becoming more sophisticated and harder to spot. Australian Community Media has compiled a list of current scams identified by sites such as scamwatch.gov.au, the Australian Competition and Consumer Commission (ACCC) and the Australian Communications and Media Authority (ACMA), which…
FRAUD is increasingly becoming a part of daily life but Essex Police is working hard to make sure people are protected from scams as much as possible. They have three fraud prevention co-ordinators working across Essex whose aim is to prevent frauds from happening by educating people and raising their…
FRAUD is increasingly becoming a part of daily life but Essex Police is working hard to make sure people are protected from scams as much as possible. They have three fraud prevention co-ordinators working across Essex whose aim is to prevent frauds from happening by educating people and raising their…
As the season of goodwill approaches, watch out for door-to-door scammers, warns the French police. The most popular scam seems to involve fake firemen, who rely on public goodwill to make a dishonest buck. They are closely followed by bogus postmen and swindling refuse collectors who hone in on the…
SCAMMERS have come up with a cunning new way to con people out of their hard earned cash. It’s happening via PayPal and just in time for Black Friday and Christmas. 1 Scam starts off with a real email from PayPal like thisCredit: Sophos And worst of all it uses…
