Archive for month: June, 2014

Financial identity theft’s evil cousin: Medical Identity Theft

30 Jun
June 30, 2014

When talking about scams, more people conjure up ideas of bank statements and stolen PIN numbers but there is more to it than that. A growing threat is now coming together with the rise of medical identity theft. Read more →

Parents watch out: Scammers sending texts posing as kids

27 Jun
June 27, 2014

Creating an emotional connection with their targets has been a speciality for scammers. But they have now found a new way to harness the benefits of genuine love and concern for their own benefits. Fraudsters are sending out parents distressing text messages posing as their children in the bid to obtain mobile phone top-up codes. Read more →

Online dating members beware: Mass phishing scam attack could be coming your way

24 Jun
June 24, 2014

Net monitoring firm Netcraft has just released news that scammers are currently running dedicated phishing campaigns targeting members of popular online dating sites including, eHarmony, Zoosk, Plenty of Fish and many more. At the moment, account holders on these sites are likely to be on the receiving end of an increasing number of phishing emails sent with the aim of stealing login details.

The emails are being sent to targets from other websites, hacked by cybercriminals to hide their identity.

Once an identity is stolen, the scammers will use it as a cover to establish numerous relationships, win people’s trust then use that trust to extort money from the victims. They do this by claiming they need money to pay for travel costs, or to afford medical treatment for a family member. That is why genuine established accounts are valued – they give fraudsters the edge.

Netcraft, who analysed the attacks, said the phishing campaign against dating sites marked a departure for fraudsters, who typically preferred to target banks.
Information shared online should always be done sparingly, if at all, and only when the receiver is confirmed.

YouTube is being used by hackers to sell stolen credit cards

19 Jun
June 19, 2014

Dozens of videos selling stolen credit card data were revealed in a review of YouTube content, according to Internet-safety research group Digital Citizens Alliance. Read more →

Accountant pleading guilty to role in Madoff scam

18 Jun
June 18, 2014

Accountant Paul Konigsberg, indicted on accusations that he helped disgraced financier Bernard Madoff in his massive Ponzi scheme is expected to plead guilty next week during his trial. According to a new filing in Manhattan federal court, prosecutors and defence lawyers are now in “plea discussions” which are due to last a week.  Read more →

Alstom investigated by UK’s Serious Fraud Office

17 Jun
June 17, 2014

French engineering conglomerate Alstom is being investigated by Britain’s Serious Fraud Office (SFO) following allegations of corruption, the Financial Times has reported. Read more →

ABI: Insurance fraud at record high

16 Jun
June 16, 2014

Fake car crashes have driven up the level of insurance fraud in the UK to new heights. Last year alone, a record £1.3 billion was spent on fake insurance claims, according to data from the Association of British Insurers (ABI), marking a rise of 18% on 2012.  Read more →

Two more found guilty of record boiler room fraud

13 Jun
June 13, 2014

The total number of convictions in the UK’s biggest-ever boiler room scam has been brought up to nine, with two more persons found guilty in the £70m fraud which scammed around 1,000 UK investors between 2003-07. Read more →

‘Scam India’ to become ‘Skilled India’ says Modi

12 Jun
June 12, 2014

Bad reputations are easily garnered but tough as nails to change. India’s image has been tarnished by the prevalence of scams originating from the nation but new Prime Minister Narendra Modi has taken the bull by the horns, saying that he is ready to change the country’s image from “Scam India” to Skilled India.” Read more →

Lenders’ defences tested by BoE-commissioned hackers

11 Jun
June 11, 2014

Britain’s biggest banks will be testing their defences against cyber-attacks commissioned by the Bank of England, which wants to make sure the web versions of the institutions are not vulnerable to malicious attacks. Read more →