fraud2 articles
Banks Still Treating MFA as Optional. Your Money Pays the Price.
The author recounts how their 84-year-old mother lost $30,000 to thieves who exploited her reused passwords and lack of multi-factor authentication (MFA) to access her bank accounts, retirement savings, and Gmail. Despite many banks and Google offering MFA, they make it optional rather than mandatory, prioritising user convenience and avoiding friction over customer security. The article argues that financial institutions should require stronger, phishing-resistant MFA — such as passkeys — by default across all platforms, as optional security measures leave the majority of users dangerously exposed.
1.4 Million Scam Accounts Taken Down in Southeast Asia Crackdown
In a coordinated operation called "Disruption Week," law enforcement agencies including the US Department of Justice and Royal Thai Police, alongside major tech companies such as Meta, Microsoft, and Google, dismantled scam networks operating out of Southeast Asia. The effort resulted in over 1.4 million social media and Microsoft accounts being disrupted, 63 arrests, and more than $3.8 million in cryptocurrency assets frozen. The targeted scam compounds, located in Cambodia, Laos, and Burma, had been trafficking workers under false pretenses and forcing them to carry out large-scale fraud operations against victims in the US and abroad.