TWIPF2 This week in phone fraud, experts predict the future of fraud detection and fraudsters re-target victims.

Americans lose an estimated $50 billion a year to con artists around the world. The Atlantic interviewed leading fraud researchers to get ideas about how technology can be put to work to fight fraud wherever it occurs—in person, online, or over the phone.

Today, the New York Times issued a report on a new trend in phone scams. “Asset recovery firms” are targeting consumers who have already lost money in a phone scam, promising to help the victim recover the lost money in return for a hefty fee.


International Business Times: US burglars allegedly used caller ID spoofing app to impersonate police and lure couple from their home – Two men in Missouri, US are facing multiple felony charges for allegedly using a caller ID-spoofing app to impersonate police officers in order to trick homeowners into leaving their property so they could burgle it.

Market Watch: Is this robocall illegal? The line blurs for people with student debt – That means a student loan borrower could be receiving a legal robocall from a company that is actually handling their loans and could help them better manage their debts for free and an illegal call from a debt-relief firm trying to lure them to pay for help.

Pindrop Blog: Phone Scam Breakdown: The Healthcare Scam – Oh no! Open enrollment has ended and you haven’t signed up for health insurance. You don’t want to be penalized on your taxes so you quickly press one for more information. Soon after you have paid and avoided all penalties… or so you thought.

Dark Reading: Cybercrime Gangs Blend Cyber Espionage And Old-School Hacks In Bank Heists – The Metel group—which is still alive and well and thus far has only been seen attacking financial institutions in Russia–commandeered user administrative accounts from banks’ call centers and other systems in order to manipulate transaction information.

Mirror: Company conned out of £18million by fraudsters posing as firm’s boss in huge phone scam – A company has been conned out of £18 million in a telephone scam. A senior executive at the firm, which has not been named, was tricked into transferring the cash into a foreign bank account after criminals posed as the Scottish firm’s boss.

Inside ARM: FCC to Issue Notice of Proposed Rulemaking for TCPA Amendment – Friday’s meeting agenda included the item, “Robocalls and Federal Debt Collection: New TCPA Amendment.” Kristi Thornton, at the Consumer and Government Affairs Bureau announced that a Notice of Proposed Rulemaking would soon be released.

On The Wire: On The Wire Podcast with Mike Mimoso – In a remote episode of the podcast, Dennis Fisher talks with Mike Mimoso of Threatpost about the sessions from the Security Analyst Summit in Tenerife, Spain. The discussion touches on IoT security, the security development lifecycle, and whether device security will improve anytime soon.

Biometric Update: Obama’s cybersecurity plan calls for adoption of strong multi-factor authentication methods – President Barack Obama outlined a Cybersecurity National Action Plan this week, featuring an expanded cybersecurity budget, a new federal chief information security officer, and an emphasis on promoting multi-factor authentication.

One Response to February 12 – The Week in Phone Fraud

  1. Pingback: CyberSecurity Related News - Daily digest: February 13, 2016 | EVOSEC

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