article thumbnail

US citizens lost more than $68M to SIM swap attacks in 2021, FBI warns

Security Affairs

In 2018, the FBI Internet Crime Complaint Center (IC3) received complaints for 1,611 SIM swapping attacks, while the number of complaints in the period between 2018 e 2002 was 320 causing a total of losses of $12 million. Authenticate calls from third party authorized retailers requesting.

Mobile 90
article thumbnail

Spanish police dismantled SIM swapping gang who stole money from victims’ bank accounts

Security Affairs

Once hijacked a SIM, the attackers can steal money, cryptocurrencies and personal information, including contacts synced with online accounts. Use strong multi-factor authentication methods such as biometrics, physical security tokens, or standalone authentication applications to access online accounts. Pierluigi Paganini.

Banking 103
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 Origins and History of the Dark Web

Identity IQ

Transactions on the dark web are typically conducted using cryptocurrencies such as Bitcoin to maintain anonymity. Transactions on the dark web are often carried out with Bitcoin or other cryptocurrencies, which are unregulated and difficult to trace back to the user. Turn on multifactor authentication for all online accounts.

article thumbnail

Ten Years Later, New Clues in the Target Breach

Krebs on Security

That story about the Flashback author was possible because a source had obtained a Web browser authentication cookie for a founding member of a Russian cybercrime forum called BlackSEO. Mr. Zhabykin soon moved on to bigger ventures, co-founding a cryptocurrency exchange based in Moscow’s financial center called Suex.

article thumbnail

ChatGPT: Cybersecurity friend or foe?

Malwarebytes

From the first Roomba in 2002 to the first virtual assistant (Siri) in 2011, AI has slowly and steadily penetrated the consumer technology market, often with little comprehension from buyers that artificial intelligence is actually powering the functionality behind their favorite devices.