Telephony fraud is a significant challenge. Companies of all sizes and industries are subjected to the malicious usage of voice and SMS with the intent of committing financial fraud, identity theft, denial-of-service, and a variety of other attacks. Businesses that fall victim to fraud can incur significant financial losses, irreparable damage to their reputation, and legal implications.

It’s seldom easy to predict what a hacker will do exactly. Cybercriminals frequently act out of impulse and chance rather than following a rational course. The Identity Theft Resource Center (ITRC) believes it has a preview of what lies ahead in 2023 after studying patterns in the second half of 2022. Takeovers of social media using identity theft, either assuming fake profiles or claiming an original profile was popular in 2022.

Whether it’s splitting the bill after a night out on the town or sending money for your niece’s graduation, more Americans are relying on peer-to-peer payment services like Cash App than ever before. It’s a quick and seamless way to make financial transactions trusted by millions of users. Cash App makes it easy to receive and send money and is renowned for its convenience. But while Cash App transactions are generally safe, users could still be susceptible to Cash App scams.

During the holiday season, it is essential to take extra precautions when it comes to cybersecurity. Cybercriminals may be more active than usual, looking for ways to exploit unsuspecting users. Protect yourself and your loved ones, ensure that you and they are up to date with the latest security software, and be mindful of potential scams.

It’s that time of year again – the holidays are here, and everywhere you turn, you see the hustle and bustle of consumers eagerly (or desperately) searching for the perfect gifts to put under the tree. Unfortunately, the holiday season isn’t just for shoppers; it’s also prime time for financial fraudsters looking to conduct holiday season fraud. According to a 2020 survey by Experian, one in every four U.S. consumers reported they fell for a fraud scheme during the holidays.

The Telecom Regulatory Authority of India (TRAI), the government’s telecom authority, would implement a caller identification system similar to other caller ID applications on the app store within the next three weeks. The new system will employ KYC verification to guarantee that callers’ identities are real and aren’t forged with synthetic identities.