Which Banks Are Enabling Fake AV Scams?
Fake antivirus scams and rogue Internet pharmacies relentlessly seek customers who are willing to trade their credit card numbers for a remedy. Banks and financial institutions become partners in crime when they process payments to fraudsters.
Published research has shown that rogue Internet pharmacies and spam would be much less prevalent and profitable if a few top U.S. financial institutions stopped processing payments for dodgy overseas banks. This is also true for fake antivirus scams, which use misleading security alerts to frighten people into purchasing worthless security software.