Consumer Protection, Passwords and Web Fraud

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Consumer Protection

Passwords

Web Fraud

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

Krebs on Security

NOVEMBER 19, 2021

In reality, the fraudster initiates a transaction — such as the “forgot password” feature on the financial institution’s site — which is what generates the authentication passcode delivered to the member. The fraudster then uses Zelle to transfer the victim’s funds to others.

Scams

Scams Banking Passwords Authentication

Scary Fraud Ensues When ID Theft & Usury Collide

Krebs on Security

JANUARY 25, 2022

Although he didn’t technically have an account with MSF, their authentication system is based on email addresses, so Jim requested that a password reset link be sent to his email address. That worked, and once inside the account Jim could see more about the loan details: The terms of the unauthorized loan in Jim’s name from MSF.

Financial Services

Financial Services Banking Accountability Identity Theft

Cyber Security Informer

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

Scary Fraud Ensues When ID Theft & Usury Collide

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