Remove 2018 Remove Internet Remove Social Engineering Remove Web Fraud
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When Low-Tech Hacks Cause High-Impact Breaches

Krebs on Security

GoDaddy described the incident at the time in general terms as a social engineering attack, but one of its customers affected by that March 2020 breach actually spoke to one of the hackers involved. Thus, the second factor cannot be phished, either over the phone or Internet.

Hacking 271
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How 1-Time Passcodes Became a Corporate Liability

Krebs on Security

On July 20, the attackers turned their sights on internet infrastructure giant Cloudflare.com , and the intercepted credentials show at least five employees fell for the scam (although only two employees also provided the crucial one-time MFA code). That’s down from 53 percent that did so in 2018, Okta found.

Mobile 294
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Busting SIM Swappers and SIM Swap Myths

Krebs on Security

In late September 2018, the REACT Task Force spearheaded an investigation that led to the arrest of two Missouri men — both in their early 20s — who are accused of conducting SIM swaps to steal $14 million from a cryptocurrency company based in San Jose, Calif. . million customers.

Mobile 238
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How Do You Fight a $12B Fraud Problem? One Scammer at a Time

Krebs on Security

According to the most recent statistics from the FBI ‘s Internet Crime Complaint Center , the most costly form of cybercrime stems from a complex type of fraud known as the “ B usiness E mail C ompromise” or BEC scam. The FBI says BEC scams netted thieves more than $12 billion between 2013 and 2018.

Scams 187