Remove Computers and Electronics Remove Cybercrime Remove Scams Remove Social Engineering
article thumbnail

How Cybercriminals are Weathering COVID-19

Krebs on Security

These restrictions have created a burgeoning underground market for reshipping scams, which rely on willing or unwitting residents in the United States and Europe — derisively referred to as “ reshipping mules ” — to receive and relay high-dollar stolen goods to crooks living in the embargoed areas.

article thumbnail

Financial cyberthreats in 2023

SecureList

A significant share of scam, phishing and malware attacks is about money. With trillions of dollars of digital payments made every year, it is no wonder that attackers target electronic wallets, online shopping accounts and other financial assets, inventing new techniques and reusing good old ones. million detections compared to 5.04

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 Impact of COVID-19 on Security

Security Through Education

” “Cybercrime apparently cost the world over $1 trillion in 2020.” The pandemic is providing the perfect cover for cybercrime, as can be seen in the alarming statistic from First Orion that criminals were able to get 270% more personal information in 2020 than in 2019 via vishing or phone scams. COVID-19 Scams.

Scams 92
article thumbnail

Happy 13th Birthday, KrebsOnSecurity!

Krebs on Security

Here’s a look at some of the more notable cybercrime stories from the past year, as covered by KrebsOnSecurity and elsewhere. 24, Russia invades Ukraine, and fault lines quickly begin to appear in the cybercrime underground. I will also continue to post on LinkedIn about new stories in 2023.

article thumbnail

Cyberthreats to financial organizations in 2022

SecureList

The COVID-19 pandemic is likely to cause a massive wave of poverty, and that invariably translates into more people resorting to crime, including cybercrime. Cracking down hard on the cybercrime world. Analysis of forecasts for 2021. We should expect more fraud, targeting mostly BTC , because this cryptocurrency is the most popular.

article thumbnail

MY TAKE: COVID-19’s silver lining could turn out to be more rapid, wide adoption of cyber hygiene

The Last Watchdog

These developments would have, over the next decade or so, steadily and materially reduced society’s general exposure to cybercrime and online privacy abuses. A few months later the UAE stood up its National Electronic Security Authority (NESA) which proceeded to do much the same thing.

article thumbnail

Crimeware and financial cyberthreats in 2023

SecureList

These are attractive aspects that cybercrime groups will be unable to resist. And not only cybercrime groups, but also state-sponsored groups who have already started targeting this industry. According to the freshest data on DeFi, every hour 15 newly deployed scams against smart contracts are detected.