Remove 2020 Remove Cybercrime Remove Identity Theft Remove Social Engineering
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Fla. Man Charged in SIM-Swapping Spree is Key Suspect in Hacker Groups Oktapus, Scattered Spider

Krebs on Security

authorities arrested a 19-year-old Florida man charged with wire fraud, aggravated identity theft, and conspiring with others to use SIM-swapping to steal cryptocurrency. The vulnerability exploited by the intruders was patched back in 2020, but the employee never updated his Plex software. 9, 2024, U.S. Twilio disclosed in Aug.

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State of Cybercrime 2020: FBI Report

SecureWorld News

Here is the report's opening paragraph: "In 2020, while the American public was focused on protecting our families from a global pandemic and helping others in need, cyber criminals took advantage of an opportunity to profit from our dependence on technology to go on an Internet crime spree. Business Email Compromise 2020.

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BEC Is 62 Times More Profitable than Ransomware, IC3 Finds

Hot for Security

According to the report , in 2020 the IC3 received 19,369 business email compromise (BEC) / email account compromise (EAC) complaints “with adjusted losses of over $1.8 million in 2020. Losses registered in 2020 totaled $4.2 On the ransomware front, the IC3 received 2,474 complaints with adjusted losses of over $29.1

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Email compromise leads to healthcare data breach at Kaiser Permanente

Malwarebytes

The lurking menace of social engineering. There’s also another issue: data stolen in breaches like this can be used for future social engineering attacks. As the breach notice notes: We do not have any evidence of identity theft or misuse of protected health information as a result of this incident.

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7 Types of Phishing: How to Recognize Them & Stay Off the Hook

Security Boulevard

Google noted a more than 600% spike in phishing attacks in 2020 compared to 2019 with a total of 2,145,013 phishing sites registered as of January 17, 2021, up from 1,690,000 on Jan 19, 2020. So did the 2020 Twitter hack. Two in five small and medium businesses were impacted by ransomware in 2020. Spear Phishing.

Phishing 101
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You’ve Never Heard of the C-Suite Targeting Scam, but It’s a Killer

Adam Levin

With the W2 variety, a citizen of the c-suite requests all the W2s from human resources or accounting–thereby collecting a rich file of personally identifiable information that can be used to commit tax-related fraud as well as all stripe of identity theft. So Isn’t BEC Just Another Form of Phishing?

Scams 130
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Fintech Cybersecurity Trends in 2021

Security Boulevard

When the pandemic struck, online bad actors took it as an opportunity to double-down on their attacks through ransomware, malware, and social engineering. With 2020 being the worst year on record in terms of files exposed in data breaches , a thorough security approach is necessary to combat modern dangers.