Overview of the latest stats from the FTC's Consumer Sentinel Network Data Book.
On July 23, 2012, the U. S. Community Trust Bank reported that fraudsters, posing as representatives of the bank, were sending out "gift-card scam" phishing emails. The scam offered a "free" $1,000 gift card to potential victims. They were instructed to go to a website and provide an address and other personally identifiable information (PII) to claim the gift card.
Case study of gift card fraud
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"When new people come in because there's change, it's sometimes harder to spot anomalous behaviors,” said WIRED Editor-in-Chief Nicholas Thompson at the 31st Annual ACFE Global Fraud Conference. “Of course spotting anomalous behaviors is how a lot
of fraud detection works. You know the patterns of what we do, you look for things that don't quite fit those patterns and you identify that as fraud."
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