New digital scams increase during peak purchasing The list of newer scams includes AI-based fraud, where scammers create fake websites for retailers along with phishing emails or deepfake videos to impersonate brands or influencers. Fraudsters can also embed malicious links into QR codes — a method that is “very widespread,” Zelvin said. “If you scan […]
Markets regulator Securities and Exchange Board of India (Sebi) on Saturday warned investors against digital or online platforms offering gold products as they pose significant risks to investors and could expose them to counterparty or operational risks.“It has come to Sebi’s attention that some digital/online platforms are offering investors to invest in ‘digital gold/e-gold products’. […]
Nowadays, banking is something where the bank is increasingly being ignored. “People no longer go to an ATM or bank very often, but rather log in to our laptops or mobile devices,” said Octavia Howell, vice-president and chief information security officer of Equifax Canada. Banking from your phone or computer is convenient, but you leave […]
Securities and Exchange Board of India (Sebi) Chairman Tuhin Kanta Pandey issued a strict warning on Monday about the rising wave of financial scams aimed at retail investors. He pointed out that only a small part of the investors have a high or moderate knowledge of the securities market, making it much vulnerable to unscrupulous […]
It happens every day. People who would never dream of issuing their credit card number after receiving any call, SMS or e -mail gave free personal information on social media – including birth dates, home addresses and details that are often used to answer the security questions of websites. The consequences can be terrible. If […]
At least until we are a full password society, but usernames and passwords and an extra authentic factor are the best defense we have against the distribution of digital fraud and identity theft. It is worthwhile to make and keep track of with different passwords for each of our accounts. “The engaging of strong authentication […]
Last year Jeff Brown, head of commercial solutions at Equifax Canada, saw an increase in a digitally engaged scam in the construction sector. Criminals who claim to be a legitimate contractor would order supplies that could not be easily identified, such as wood or sanitary units, for delivery to an assumed work location – only […]