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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.

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FBI: Spike in Hacked Police Emails, Fake Subpoenas

Krebs on Security

. “That can include control over data, like an account freeze or preservation request.” A few days or weeks later, the same impersonator returns with a request to seize funds in the account, or to divert the funds to a custodial wallet supposedly controlled by government investigators. dot-gov emails get hacked.

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Understanding MFA Fatigue: Why Cybercriminals Are Exploiting Human Behaviour

IT Security Guru

A prime example is multi-factor authentication (MFA), a security process that requires users to verify their identity in two or more ways, such as a password, a code sent to their phone, or a fingerprint. Cyber crooks often bank on organisations thinking of MFA as a silver bullet for account security, but it isnt.

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Experian’s Credit Freeze Security is Still a Joke

Krebs on Security

Last week, KrebsOnSecurity heard from a reader who had his freeze thawed without authorization through Experian’s website, and it reminded me of how truly broken authentication and security remains in the credit bureau space. “They’re allowing this huge security gap so they can make a profit. . and $24.99

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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. “2FA has proven to be a powerful tool in securing communications channels. . Image: Wikipedia. ” . ”

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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.

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Bad Consumer Security Advice

Schneier on Security

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. I think twice about accessing my online bank account from a pubic Wi-Fi network, and I do use a VPN regularly.