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Financial scam news stories

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Cloud Banking Solutions
Financial malware activity dropped in 2020 as creators honed their wares
Cybercriminals used the time to plan more malicious propagation techniques, both new and evolved from previous methods.
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Cybersecurity
CERT NZ: Kiwis lose $7.8m to cyber attacks; incident reports soar
“The increase on reporting and reduction in financial loss could mean that New Zealanders are developing a heightened awareness of cybersecurity threats as we’ve become more dependent on digital services.” 
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Cybersecurity
Digital heists: Attacks on financial institutions rise 238% in 3 months
The pandemic has created a perfect storm for financial cybercrime, with attackers taking advantage of every opportunity they get to target financial institutions.
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Compliance
GBG rolls out anti-fraud solutions to protect against financial crime
“To aid in that fight, GBG offers a layered digital fraud and compliance solution which unifies data across vertical silos to improve financial crime detection accuracy across the customer journey."
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Scams
Aged between 35-44? You're a prime target for scammers
It’s a common thought that the elderly are most likely to get scammed, but BNZ says it’s also busy parents who are finding themselves on the receiving end too.
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Malware
430,000 people hit with financial malware
Financial malware, that is malware that targets finances, cryptocurrencies and web-money services, has increased by 7% from the same period last year, according to new research from Kaspersky.
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Artificial Intelligence
IRD shuts down fraudulent direct debit scam
“We’re working with the police and banks to investigate further and anyone who has been left out of pocket will be reimbursed."
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Cryptocurrency
New report uncovers US$1.7b cryptocurrency cybercrime market
There was a staggering rise in criminal activity within the cryptocurrency market last year, despite the decline in the market.
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Transport for NSW
Transport in NSW: do easier 'tap ons' make for compromised security?
Commuters will now be able to 'tap on' with credit cards or digital wallets, but they might be opening themselves up to security threats in doing so.
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Machine Learning
AI-DAY: Using artificial intelligence to scam the scammers
“40% of New Zealand parents don’t think they can keep themselves safe online.”