Category: banking

  • Pump & Dump Spam Scam gets action

    In their biggest strike ever against online investment scams, US regulators on Thursday shut down trading in 35 over-the-counter stocks that have been the subject of spam e-mails touting their investment potential. Christopher Cox, the Securities and Exchange Commission chairman, estimated that more than 100m stock-touting e-mails are sent each week. The majority are pump-and-dump […]

  • Scamdex on the Beeb!

    Scamdex got a mention on BBC Radio 4s new IT programme! The first episode, Staying secure in internet banking, discussed the increase in the number of customers banking online and the inevitable increase in the number of internet banking scams. The presenter, Rajesh Mirchandani (pictured) discusses the problem with representatives from the UK banking trade […]

  • Michigan County treasurer in Million Dollar Nigerian Scam

    A former Michigan county treasurer was arrested last week for allegedly embezzling more than US$1.2 million in public funds, which he sent to a Nigerian fraud scam. Thomas Katona, 56, the former treasurer of Alcona County, was arraigned in a district court on 17 January on eight counts of embezzlement by a public official and […]

  • Bank loses $1.1m to online fraud

    Nordea says it has refunded the affected account holders Internet fraudsters have stolen around 8m kronor ($1.1m; £576,000) from account holders at Swedish bank Nordea. The theft, described by Swedish media as the world’s biggest online fraud, took place over three months. The criminals siphoned money from customer’s accounts after obtaining login details using a […]

  • Irish Bank hit by ‘undetectable’ phishing scam

    FRAUDSTERS are targeting Ireland’s biggest bank, AIB,  in a virtually undetectable internet scam. The bank admits it does not know and cannot find out how many of its customers are affected by the fraud. If you have an account at AIB, click here for Important Information Cheats have found a way of overcoming security measures […]