article thumbnail

FBI: Cybercrime losses topped US$4.2 billion in 2020

We Live Security

The Bureau received over 28,000 reports of COVID-19-themed scams last year. The post FBI: Cybercrime losses topped US$4.2 billion in 2020 appeared first on WeLiveSecurity.

article thumbnail

Almost $2 billion lost to BEC scams in 2020

We Live Security

Nearly half of reported cybercrime losses in 2020 were the result of BEC fraud, according to an FBI report. The post Almost $2 billion lost to BEC scams in 2020 appeared first on WeLiveSecurity.

Scams 137
Insiders

Sign Up for our Newsletter

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

article thumbnail

Interview With a Crypto Scam Investment Spammer

Krebs on Security

Social networks are constantly battling inauthentic bot accounts that send direct messages to users promoting scam cryptocurrency investment platforms. ” One of the crypto investment scam messages promoted in the spam campaigns on Mastodon this month. In May 2020, Zipper told another Lolzteam member that quot[.]pw

Scams 235
article thumbnail

Cybercrime, fraud, and insider threats increased in 2020 in the UK, report says

Malwarebytes

Since the initial lockdown, we have seen the rise of certain types of cybercrime, including scams and fraud campaigns that either bank on the global COVID-19 pandemic or take advantage of potential victims that adhere to work-from-home measures. Future cybercrimes in the UK and beyond. Organized crime: Online fraud.

article thumbnail

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.

article thumbnail

Reading the FBI IC3’s ‘2020 Internet Crime Report’

Security Affairs

The FBI’s Internet Crime Complaint Center has released its annual report, the 2020 Internet Crime Report , which includes data from 791,790 complaints of suspected cybercrimes. Data that emerged from the report are worrisome, in 2020 the reported losses exceeded $4.2 ” reads 2020 Internet Crime Report.

Internet 108
article thumbnail

Would You Have Fallen for This Phone Scam?

Krebs on Security

You may have heard that today’s phone fraudsters like to use use caller ID spoofing services to make their scam calls seem more believable. ” The incident Jim described happened in late January 2020, and Citi may have changed its procedures since then. “I was appalled that Citi would do that.

Scams 357