AI Making Phishing Threat Dramatically Worse for Local Banks
Scammers around the world use artificial intelligence to trick their way inside banks and credit unions’ systems. And over half haven’t adopted a key prevention tool.
Boston Planning Officials Warn of Email Scam
Email scammers targeted local developers with requests for payment from the Boston Planning Department, prompting the agency to issue an alert about the online scam.
Canton Woman Charged in Real Estate Email Scheme
A Canton woman was charged in federal court in Boston on Friday in connection with an ongoing investigation into a email scheme that sought to fool participants in real estate deals into transferring hundreds of thousands of dollars into bank accounts she controlled.
Financial Institutions Must Be Gatekeepers in Fight Against Fraud
Companies are under attack. The FBI reports that internet-enabled theft, fraud, and exploitation accounted for a stunning $2.7 billion in financial losses in 2018 alone, almost double the loss amount for 2016.
Study Finds Financial Institutions Less Likely to Fall for Phishing Attacks
Although there is a high risk for employees across industries to click on a suspicious link or email or obey a fraudulent request, employees at financial institutions are among the least likely to fall for such an attack.
