Remove Accountability Remove Banking Remove Malware Remove Social Engineering
article thumbnail

How to protect your small business from social engineering

Malwarebytes

In the email, Gary Bragg, then-president of Pennsylvania law firm O'Neill, Bragg & Staffin, asked Staffin to wire $580,000 to a Bank of China account. Staffin, who was VP and in charge of banking, sent the money through as asked. BEC is one of the most damaging forms of social engineering attacks faced by small businesses.

article thumbnail

What Are Social Engineering Scams?

Identity IQ

What Are Social Engineering Scams? Thanks, Your CEO This common scenario is just one example of the many ways scammers may attempt to trick you through social engineering scams. In this scheme, scammers gain unauthorized access to a victim’s account and exploit it for malicious purposes.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Criminals socially engineer their way to bank details with fake arrest warrants

Malwarebytes

When she was about to enter her bank account PIN, she remembered she wasn't supposed to share it with anyone. Even with the application deleted, we had to assume that the device remained infected with malware. Source: Chasseur Group). Venus did what she was instructed, including filling out the form in the app.

article thumbnail

Digital Banking - Case Study

Approachable Cyber Threats

Banks are taking revolutionary approaches to digitize and streamline the customer experience - but these measures could come with a cost without strategic cybersecurity measures. The world is changing, and the banking industry is evolving too. The Industry Digital banking is transforming the way people access and manage their finances.

Banking 94
article thumbnail

Social Engineering: Definition, Types, Detection & Prevention

Spinone

What is social engineering? Social engineering is a manipulative technique used by criminals to elicit specific actions in their victims. Social engineering is seldom a stand-alone operation. money from a bank account) or use it for other social engineering types. George vs.

article thumbnail

SharkBot, a new Android Trojan targets banks in Europe

Security Affairs

Security researchers from Cleafy discovered a new Android banking trojan, named SharkBot, that is targeting banks in Europe. At the end of October, researchers from cyber security firms Cleafy and ThreatFabric have discovered a new Android banking trojan named SharkBot. ” reads the analysis published by the researchers.

Banking 126
article thumbnail

Bizarro banking Trojan expands its attacks to Europe

SecureList

Bizarro is yet another banking Trojan family originating from Brazil that is now found in other regions of the world. Attempts have now been made to steal credentials from customers of 70 banks from different European and South American countries. It may also use social engineering to convince victims to download a smartphone app.

Banking 142