Exposing Scams

SavingYourMoney: Stay away from the Yahoo work from home kit - it is a total scam - check this out before you sign up http://bit.ly/8pCROM Read Full Story

PIN Debit Payments Blog Aite Group asks the following questions: 1. Fraud is one of the main concerns of financial institutions today, but how should they go about preventing it? (Editor's Note: I say "eliminate" what causes fraud) 2. What technology or training should they put in place? (Editor's Note: HomeATM's PCI 2.x Certified 3DES DUKPT encryption enabled Internet Point of Sale Device. Don't need training. People already know how to "swipe" their card and "enter" their PIN... Read Full Story

Online Banking just became even more dangerous than it already was with new phishing attack... "Chat-in-the-Middle" Phishing Attack Attempts to Steal Consumers' Data via Bogus Live-Chat Support by RSA FraudAction Research Lab on 9/16/2009 12:00:00 AM Man in The Middle | Online Fraud, Fraudsters | Phishing A new, unique type of phishing attack targeted against online banking customers was recently discovered by the RSA FraudAction Research Lab. RSA has coined this as a " Chat-in... Read Full Story

This was my lucky week. I was notified I won the lottery, inherited money from a long lost relative, and found out that I could receive my share of 45 million dollars if I simply helped move the cash into the U.S through my bank account! In a bad economy, scam artists usually work overtime and along with a spike in debt relief and mortgage rescue scams, the same old scams continue to flourish -with or without new twists.  Many of the latest scam techniques involve con artists who often... Read Full Story

Aite Group asks the following questions: 1. Fraud is one of the main concerns of financial institutions today, but how should they go about preventing it? (Editor's Note: I say "eliminate" what causes fraud) 2. What technology or training should they put in place? (Editor's Note: HomeATM's PCI 2.x Certified 3DES DUKPT encryption enabled Internet Point of Sale Device. Don't need training. People already know how to "swipe" their card and "enter" their PIN. They've been doing... Read Full Story

ATMIA publishes best practices for preventing skimming The ATM Industry Association (ATMIA) ( www.atmia.com ) today announced the publication of its best practices for preventing ATM skimming. This month, the PCI Security Standards Council released requirements for prevention of skimming at Point of Sale devices. “The ATM is exceptionally safe and convenient to use,” commented Mike Lee, CEO of ATMIA, “ but that doesn’t mean there are no threats. Skimming is the one we most need to... Read Full Story

Nigerians call for scrapping of ATM System The current upsurge and nefarious activities of Automated Teller Machine (ATM) fraudsters is threatening electronic payment system in the nation's banking sector with users threatening massive dumping of the cards if the unwholesome act is not checked. An investigation carried out revealed that two of every five ATM card users lately , have become victims of one form of fraud or the other and ironically the sector's regulator, Central Bank of... Read Full Story

MarkMonitor Research Shows How Online Scammers Are Using the Financial Crisis to Prey on Consumer Trust in Leading Brands Latest Brandjacking Index Examines How Fraudsters Abuse Financial Brands SAN FRANCISCO, June 29 2009 – MarkMonitor®, the global leader in enterprise brand protection, today released the company’s latest Brandjacking Index® that studies how fraudsters are abusing major financial brand names and topical subjects like refinancing or unemployment to lure... Read Full Story

This new type of malware , which I posted about yesterday, reportedly needs to be installed inside each "individual" machine. Therefore it suggests an inside job, and it suggests that the malware cannot spread from one ATM to another. Still, it exemplifies the constant evolution of hackers capacity to get increasingly closer to penetrating, what was once thought impenetrable. As the article from PC Authority states below, this type of malware has the capacity to make skimmers and camera's... Read Full Story

Be on your guard: ATM skimming will likely grow due to poor security - News - PC Authority Be on your guard: ATM skimming will likely grow due to poor security:  by Daniel Long on Jun 30, 2009 As the growth of ATM fraud increases around the world exponentially in recent times, anti-malware researchers are keen to solve a crisis in the making. The bad guys are getting smarter, they're growing distinctively more sophisticated , warns Sergey Golovanov, senior malware Analyst for Kaspersky... Read Full Story