Today’s Fraud News from around the world:
Covid-19 Lockdown: Will travel restrictions result into additional tax payouts?: Non Residents lose their NRI status if they stay in India for 182 days or more during a FY or they stay in the country for 60 days or more during a FY and 365 days or more within 4 years preceding …: “Phishing” – BingNews
Banks get on social media to brighten up the lockdown with customer engagement activities: HDFC Bank Fingage presents The Art Project, to give you a #BreakFromBoredom! Unlock your creativity during the lockdown & stand …: “Phishing” – BingNews
Banks hop on social media, find new ways to inform, engage customers during lockdown: Banks are opening contests and offering discounts on bill payments in addition to cautioning cutomers about phishing over social media.: “Phishing” – BingNews
EE users warned about dangerous new scam that could cost you: A WORRYINGLY convincing new scam tries to scam EE monthly and SIM-only users into handing over their login and payment details. Here is everything you need to know about this new attack, …: “Phishing” – BingNews
World Password Day: Will passwords be a thing from the past?: This World Password Day we should not only consider how we make passwords themselves more secure, but how we ensure that the management and handling of passwords does not compromise their integrity as …: “Phishing” – BingNews
Banks find new ways to amuse and inform during lockdown: New Delhi, May 10 () At a time when the spread of COVID-19 has made social distancing a buzzword, banks have increased their reliance on social media to engage with their customers — may it be for …: “Phishing” – BingNews
Serious Fraud Office warns criminals will start to target Covid-19 relief schemes: The Serious Fraud Office (SFO) is warning criminals will take advantage of our Covid-19 relief funds after seeing a rise in scams overseas. The office is working with Government departments to ensure …: “Phishing” – BingNews
Week in review: Password psychology, SaltStack Salt vulnerabilities exploited, Patch Tuesday forecast: Here’s an overview of some of last week’s most interesting news, articles and podcasts: SaltStack Salt vulnerabilities actively exploited by attackers, …: “Phishing” – BingNews
Amazon Echo owners get an important Alexa update to use this month: AMAZON ECHO owners have just received an important update that you can use this month. Here’s details on the latest new feature for Alexa.: “Phishing” – BingNews
Five apps you can help your mom use to make money management easier: We have drawn up a list of five things that you can teach your mom to do using apps, which can make it easier for her to manage her money matters in the comfort of her home …: “Phishing” – BingNews
Fraud Prevention Tip: 3-D Secure: A somewhat recent technological development, in this system a there is an added layer of confirmation and security to ensure that fraud related incidents are minimized. It includes or spans three domains, hence the name 3-D . The first one is the acquirer domain which represents the bank and the merchant to whom money is being paid. The second one is the issuer domain which represents the bank which issued the card being used. The last one is the Interoperability Domain this represents the infrastructure provided by the card scheme, credit, debit, prepaid or other type of finance card, to support the 3-D Secure Protocol. This can be the Internet or a telecom service provider. For example a code could be sent to the customer’s registered cell phone number with issuer domain, and the customer would have to enter in the given code to proceed with the online transaction.