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The ‘Zelle Fraud’ Scam: How it Works, How to Fight Back

Krebs on Security

One of the more common ways cybercriminals cash out access to bank accounts involves draining the victim’s funds via Zelle , a “peer-to-peer” (P2P) payment service used by many financial institutions that allows customers to quickly send cash to friends and family.

Scams 363
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Report: Big U.S. Banks Are Stiffing Account Takeover Victims

Krebs on Security

consumers have their online bank accounts hijacked and plundered by hackers, U.S. But new data released this week suggests that for some of the nation’s largest banks, reimbursing account takeover victims has become more the exception than the rule. Bank , and Wells Fargo. In the case of Zelle scams, the answer is yes.

Banking 291
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Scammers Sent Uber to Take Elderly Lady to the Bank

Krebs on Security

Email scammers sent an Uber to the home of an 80-year-old woman who responded to a well-timed email scam, in a bid to make sure she went to the bank and wired money to the fraudsters. So they sent her some information about where to wire the money, and asked her to go to the bank.

Banking 319
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How Coinbase Phishers Steal One-Time Passwords

Krebs on Security

A recent phishing campaign targeting Coinbase users shows thieves are getting cleverer about phishing one-time passwords (OTPs) needed to complete the login process. In each case, the phishers manually would push a button that caused the phishing site to ask visitors for more information, such as the one-time password from their mobile app.

Passwords 353
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8 Ways to Protect Yourself against Scams on Black Friday and Cyber Monday

Adam Levin

of all reports to the BBB Scam Tracker “were online purchase scams, up from 24.3% of those consumers lost money due to those scams, up from 71.2% A BBB survey conducted in August found that the majority of these scammed consumers made purchases for which they never received products. Change your passwords.

Scams 239
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50 Ways to Avoid Getting Scammed on Black Friday

Adam Levin

Here are 50 ways to avoid getting scammed on Black Friday — and beyond. Credit cards offer markedly better fraud protections than debit cards , which connect directly to your bank account. No matter your payment of choice, check bank and credit card statements daily for suspicious or erroneous charges. Choose credit over debit.

Scams 243
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‘Land Lordz’ Service Powers Airbnb Scams

Krebs on Security

site that helps him manage more than 500 scam properties and interactions with up to 100 (soon-to-be-scammed) “guests” looking to book the fake listings. The Land Lordz administrative panel for a scammer who’s running dozens of Airbnb scams in the United Kingdom. The price is € 250 + €500 secure deposit.

Scams 249