Financial scam news stories

Cybercriminals used the time to plan more malicious propagation techniques, both new and evolved from previous methods.

“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.” 

The pandemic has created a perfect storm for financial cybercrime, with attackers taking advantage of every opportunity they get to target financial institutions.

“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."

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.

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.

“We’re working with the police and banks to investigate further and anyone who has been left out of pocket will be reimbursed."

There was a staggering rise in criminal activity within the cryptocurrency market last year, despite the decline in the market.

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.

“40% of New Zealand parents don’t think they can keep themselves safe online.”