Rom‑con: How romance fraud targets older people and how to avoid it

Online dating scams often follow the same script – here’s what senior citizens should watch out for and how their younger relatives can help them avoid falling victim. Recently, we looked at how older people can avoid falling victim to various flavors of online scams. This time round, we’ll examine the costliest type of fraud to affect … More Rom‑con: How romance fraud targets older people and how to avoid it

European police bust major online investment fraud ring

The operation was carried out against an organized group that used online trading platforms to swindle victims out of US$36 million. Europol and several national law enforcement agencies have teamed up to take down an investment fraud and money laundering ring that caused losses of approximately €30 million (US$36 million) to hundreds of victims, according … More European police bust major online investment fraud ring

1 million risky apps rejected or removed from Apple’s App Store in 2020

Apple also claims to have foiled US$1.5 billion worth of potentially fraudulent transactions. Apple says that it thwarted more than US$1.5 billion in potentially fraudulent transactions and prevented almost a million vulnerable and otherwise risky apps from making their way into the App Store in 2020, according to a new report highlighting the company’s efforts to protect … More 1 million risky apps rejected or removed from Apple’s App Store in 2020

PayPal fraud: What merchants should know

From overpayment to shipping scams, what are some of the most common threats that merchants using PayPal should watch out for? With a total payment volume of US$247 billion, PayPal remains one of the more popular online payment providers among major brands and a variety of smaller businesses and vendors. Indeed, the payment giant boasts 28 million … More PayPal fraud: What merchants should know

Romance scams in 2020: Breaking hearts, wallets – and records

As dating apps experience a boom amid COVID-19, losses to romance scams soar too. More and more people have been flocking to online dating platforms in search of romance and companionship in the wake of lockdowns and social distancing mandates, but the new reality also contributes to record-high losses from romance scams, according to a report by the United … More Romance scams in 2020: Breaking hearts, wallets – and records