PayPal wrote a policy allowing them to take USD2,500 from the accounts of customers deemed guilty of ‘promoting misinformation’.
Crooks are selling software that automates social engineering. Bots call targets and ask for one-time passwords that are used to take control of bank, cryptocurrency and PayPal accounts.
RA vendors should do more to develop solutions that use sophisticated techniques like machine learning and predictive analytics.
The Chief Risk Officer of PayPal warns that fraudsters will increasingly target the users of mobile phones.