article thumbnail

News alert: Reken raises $10M from Greycroft to protect against generative AI-enabled fraud

The Last Watchdog

The funding will be used for core research and development to build new AI technology and products to protect against generative AI threats, such as deepfake social engineering and autonomous fraud. While billions have been spent on security products, the impact of cybercrime has actually been getting worse.

article thumbnail

Copycat Criminals mimicking Lockbit gang in northern Europe

Security Affairs

The recent Hive infrastructure takedown as well as other major gangs dissolution such as Conti in 2022, is making room in the cybercrime business The Lockbit locker leaked a few months ago in the underground, is increasing its popularity and adoption among micro-criminal actors.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Scammers’ Playbook: How Cybercriminals Get Ahold of Your Data

eSecurity Planet

Cybercrime is a growth industry like no other. Then, we’ll go over the basic, foundational techniques most scammers find themselves using, such as social engineering and phishing. Social Tactics. Basic phishing and social engineering techniques are still the most common starting point for cyber attacks.

article thumbnail

Microsoft: Slow MFA adoption presents “dangerous mismatch” in security

Malwarebytes

Other cybercrimes that specifically target accounts are spear phishing, social engineering attacks, and password sprays —basic password attack tactics that nation-states carry out against target companies and governments. Google introduced 2FA to Gmail in 2011. There’s low MFA adoption elsewhere, too.

article thumbnail

The Origins and History of the Dark Web

Identity IQ

But the dark web is also associated with illegal activities including the trafficking of drugs, weapons, and illegal pornography, hacking and cybercrime, terrorism, and the sale of stolen data or personal information. The hidden service gained traction in 2011 and then hit the mainstream when a Gawker article about the site was published.

article thumbnail

Confessions of an ID Theft Kingpin, Part I

Krebs on Security

For several years beginning around 2010, a lone teenager in Vietnam named Hieu Minh Ngo ran one of the Internet’s most profitable and popular services for selling “ fullz ,” stolen identity records that included a consumer’s name, date of birth, Social Security number and email and physical address.

article thumbnail

SHARED INTEL: How ransomware evolved from consumer trickery to deep enterprise hacks

The Last Watchdog

Balaban This ransomware was doing the rounds over spam generated by the Gameover ZeuS botnet, which had been originally launched in 2011 as a toolkit for stealing victim’s banking credentials and was repurposed for malware propagation. Forward outlook Ransomware is a dynamic and increasingly hybrid segment of cybercrime.