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Incognia, a leader in cross-device risk intelligence, has introduced Real-Time Scam Prevention, an AI-powered solution designed to help financial institutions identify and prevent payment scams, including authorized-payment fraud and social-engineering attacks. The solution combines Physical Social Graph intelligence with multiple risk signals to detect suspicious transactions before funds are transferred.

The investment firm was not hacked through its trading platform, no cryptocurrency exchange was compromised and no sophisticated financial system was breached. The attackers compromised Microsoft 365, quietly took control of the conversation and let the firm authorise the payment itself.

Spam calls, phishing texts, and elaborate scams arrive on our phones daily. For many people, the moment of panic that follows is matched only by confusion: What should I do right now? Who do I report this to? Will my report actually matter?