article thumbnail

GUEST ESSAY: Lessons to be learned from the waves of BofA phone number spoofing scams

The Last Watchdog

Phone number spoofing involves manipulating caller ID displays to mimic legitimate phone numbers, giving scammers a deceptive veil of authenticity. Related: The rise of ‘SMS toll fraud’ The Bank of America scam serves as a prime example of how criminals exploit this technique.

Scams 246
article thumbnail

Navigating the Web of Romance Scams: A Guide for Businesses and Consumers

Webroot

In the digital age, the quest for love has moved online, but so have the fraudsters, with romance scams reaching record highs. These scams don’t just harm individuals financially and emotionally; they can also pose significant risks to businesses.

Scams 80
Insiders

Sign Up for our Newsletter

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

article thumbnail

Be Wary of Scammers in the Holiday Season

Security Through Education

In October, Cybersecurity Awareness Month taught us the importance of safe practices such as the use of multifactor authentication, strong passwords, and VPNs. This time of year also brings a surge of promotional scams. Beware of Delivery Scams! We should not expect things to be any different at the end of this year either.

Scams 59
article thumbnail

NY Man Pleads Guilty in $20 Million SIM Swap Theft

Krebs on Security

Nicholas Truglia was part of a group alleged to have stolen more than $100 million from cryptocurrency investors using fraudulent “SIM swaps,” scams in which identity thieves hijack a target’s mobile phone number and use that to wrest control over the victim’s online identities. Nicholas Truglia, holding bottle.

article thumbnail

On the Twitter Hack

Schneier on Security

The hacker used that access to send tweets from a variety of popular and trusted accounts, including those of Joe Biden, Bill Gates, and Elon Musk, as part of a mundane scam -- stealing bitcoin -- but it's easy to envision more nefarious scenarios. In addition to security measures, the other solution is to break up the tech monopolies.

Hacking 315