AI-driven fraud surge puts UK mobile banking and online accounts at risk

SIM-swap and money muling cases rise amid growing AI fraud threat. Fraud cases in the United Kingdom climbed to a record level last year as criminals increasingly used artificial intelligence to scale ...
SecurityWeek

SIM Swaps Expose a Critical Flaw in Identity Security

If an attacker SIM swaps an employee’s number, they may bypass SMS-based MFA protecting corporate email, VPN, and cloud access.

AI scams drove UK reports of fraud to record 444,000 last year

Criminals using artificial intelligence tools to take over mobile, bank and online shopping accounts, says Cifas ...
Digital Trends

Here’s how to stop SIM fraudsters from draining your bank account

If you haven’t experienced SIM swap fraud, count yourself lucky. It’s a relatively new, sophisticated form of fraud that allows hackers to gain access to bank accounts, credit card numbers, and other ...
Crowdfund Insider

Cybercrime as a Service: SIM Swap Scam Shuttered in Europe, CEO of Kidas Comments on the Extensive Fraud, Shares How to Avoid SIM Swap Traps

Last month, Europol announced that it had arrested seven individuals who were allegedly perpetrators in a SIM Swap scam operation. Described as a Cybercrime-as-a-Service operation, enforcement ...