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Fake bank ads on Instagram scam victims out of money

Malwarebytes

Ads on Instagram—including deepfake videos—are impersonating trusted financial institutions like Bank of Montreal (BMO) and EQ Bank (Equitable Bank) in order to scam people, according to BleepingComputer. From there, it’s likely the scammers will empty the bank account and move on to their next victim.

Banking 133
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FBI: Spike in Hacked Police Emails, Fake Subpoenas

Krebs on Security

The Federal Bureau of Investigation (FBI) is urging police departments and governments worldwide to beef up security around their email systems, citing a recent increase in cybercriminal services that use hacked police email accounts to send unauthorized subpoenas and customer data requests to U.S.-based based technology companies.

Hacking 294
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Sendgrid Under Siege from Hacked Accounts

Krebs on Security

Email service provider Sendgrid is grappling with an unusually large number of customer accounts whose passwords have been cracked, sold to spammers, and abused for sending phishing and email malware attacks. “And I just am not seeing anything this egregious in terms of viruses and spams from the other email service providers.”

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PayPal scam abuses Docusign API to spread phishy emails

Malwarebytes

The Docusign Application Programming Interface (API) allows customers to send emails that come from genuine Docusign accounts, and they can use templates to impersonate reputable companies. Because the emails come from Docusign they can bypass many security filters.

Scams 137
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Bad Consumer Security Advice

Schneier on Security

There are lots of articles about there telling people how to better secure their computers and online accounts. To remain anonymous and secure on the Internet, invest in a Virtual Private Network account, but remember, the bad guys are very smart, so by the time this column runs, they may have figured out a way to hack into a VPN.

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Understanding MFA Fatigue: Why Cybercriminals Are Exploiting Human Behaviour

IT Security Guru

Cyber crooks often bank on organisations thinking of MFA as a silver bullet for account security, but it isnt. Other systems are able to implement time-out policies that temporarily lock accounts after a set number of failed login or MFA attemptsan approach that restricts the effectiveness of spamming techniques.

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GUEST ESSAY: Consumers, institutions continue to shoulder burden for making mobile banking secure

The Last Watchdog

The rapid adoption of mobile banking has revolutionized how we manage our finances. Related: Deepfakes aimed at mobile banking apps With millions of users worldwide relying on mobile apps for their banking needs, the convenience is undeniable. Alarmingly, 85% of banks are predicted to be at risk from rising cyber threats.

Banking 100