Adam Levin

MARCH 16, 2020

billion, or roughly half, of the total losses in 2019 were attributed to generic email account compromise (EAC) complaints. Taking into account unknowables, we’re talking about a ballpark cost of roughly $75,000 per BEC-related complaint. billion in BEC scam-related losses the year before.

Scams 130

Scams Identity Theft Phishing Accountability 130

The Last Watchdog

APRIL 6, 2020

This can make them particularly susceptible to social engineering trickery, the trigger for online extortion and fraud campaigns, Bastable told me. These scams rely on the failure of a subordinate employee to recognize a cleverly spoofed email directive. The total stolen: $2.3 The FBI is investigating. No arrests have been made.

Scams 147

Scams Social Engineering Ransomware Engineering 147

Security Affairs

SEPTEMBER 5, 2022

The subject of the emails reads “Important Notification About Your Account” in an attempt to urge recipients to open it. “Upon opening the attachment, victims were greeted with a message announcing additional verification requirements for the associated account. ” reads the analysis published by the Armorblox.

Phishing 97

Phishing Scams Social Engineering Password Management 97

Security Through Education

JANUARY 18, 2023

The truth is technology has grown at an exponential rate and so has cybercrime. Cybercrime doesn’t just affect big businesses and national governments. Impersonation Scams. Although BEC attacks may be targeted at business, they can also be used to scam individual people. What You Can Do. Update your software.

Cybersecurity 98

Cybersecurity Social Engineering Scams IoT 98

SecureWorld News

MARCH 22, 2021

The FBI notes that the Internet Crime Complaint Center (IC3) has been key to its mission to track cybercrimes. The IC3 "provides the public with a trustworthy source for information on cyber criminal activity," and also is a useful tool for victims to report a cybercrime. The IC3 received 19,369 reports of BEC/EAC scams in 2020. "In

Cybercrime 56

Cybercrime Scams Banking Accountability 56

Identity IQ

MAY 7, 2021

What is Account Takeover? Account takeover, also known as ATO, is a form of identity theft in which a malicious third party gains access to or “takes over” an online account. One of the primary reasons behind this massive rise in account takeover is the relative ease with which it can be done. Account Takeover Prevention.

Accountability 105

Accountability Data breaches Passwords Social Engineering 105

SecureWorld News

MAY 22, 2023

More than 450 workers at the United States Postal Service (USPS) lost more than $1 million in a direct deposit scam that left postal workers without pay, angry at the USPS for not heeding warnings of the scheme, and the agency scrambling to figure out exactly what happened. This was a not an incredibly technical attack.

Scams 90

Scams Password Management Passwords Authentication 90

SC Magazine

APRIL 8, 2021

No wonder scam artists are taking notice and jumping on the bandwagon. But in other cases they are attempting to trick users into inputting their account credentials or credit card data, allowing the perpetrators to steal their valuable information. And it’s not hard to speculate when scams could go from here. billion in 2020.

Scams 137

Scams Cryptocurrency Phishing Marketing 137

SecureWorld News

DECEMBER 2, 2021

BEC attacks start because an actor steals information, then uses social engineering techniques to get the victim to transfer funds into a false account. Before the victim knows it, they have been conned into transferring their entire life's savings or some of their business's budget into a malicious hacker's bank account.

Cybercrime 86

Cybercrime Healthcare Social Engineering Banking 86

Malwarebytes

JUNE 8, 2021

A Latvian woman has been charged for their alleged role in a transnational cybercrime organisation. Money mules and spear phishing are thrown into the mix alongside social engineering and international theft of money, personal, and confidential information. Big scams, big numbers. What happened this week, you ask?

Cybercrime 109

Cybercrime Malware Banking Phishing 109

Hot for Security

MARCH 19, 2021

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 BEC/EAC is a sophisticated scam targeting both businesses and individuals performing transfers of funds,” the bureau’s cyber squad explains.

Ransomware 87

Ransomware Identity Theft Scams Social Engineering 87

The Last Watchdog

APRIL 28, 2020

Related: Coronavirus scams leverage email As we get deeper into dealing with the coronavirus outbreak, the need for authorities and experts to communicate reliably and effectively with each other, as well as to the general public, is vital. That, of course, presents the perfect environment for cybercrime that pivots off social engineering.

Social Engineering 174

Social Engineering Cyber Attacks Scams Engineering 174

Security Affairs

JANUARY 3, 2024

Resecurity has uncovered a cybercriminal faction known as “ GXC Team “, who specializes in crafting tools for online banking theft, ecommerce deception, and internet scams. For the tool to function, the operator must input a list of compromised email accounts to be scanned. billion on organizations.

Artificial Intelligence 117

Artificial Intelligence Banking Scams Cybercrime 117

Krebs on Security

AUGUST 19, 2020

According to interviews with several sources, this hybrid phishing gang has a remarkably high success rate, and operates primarily through paid requests or “bounties,” where customers seeking access to specific companies or accounts can hire them to target employees working remotely at home. A phishing page (helpdesk-att[.]com)

Phishing 357

Phishing VPN Social Engineering Media 357

Malwarebytes

FEBRUARY 3, 2023

As the reports covering all of 2022 start trickling in, we can see that cybercrime and other types of fraud had a major impact last year. million (roughly $750 million) through authorized and unauthorized fraud and scams in the UK alone. This includes fraudulent advertising on search engines, fake websites and posts on social media.

Scams 81

Scams Banking Cyber Insurance Phishing 81

Krebs on Security

APRIL 30, 2020

These restrictions have created a burgeoning underground market for reshipping scams, which rely on willing or unwitting residents in the United States and Europe — derisively referred to as “ reshipping mules ” — to receive and relay high-dollar stolen goods to crooks living in the embargoed areas.

Cybercrime 308

Cybercrime Computers and Electronics Marketing Scams 308

SecureList

MAY 6, 2024

A significant share of scam, phishing and malware attacks is about money. With trillions of dollars of digital payments made every year, it is no wonder that attackers target electronic wallets, online shopping accounts and other financial assets, inventing new techniques and reusing good old ones. of attacks.

Phishing 80

Phishing Banking Mobile Scams 80

eSecurity Planet

SEPTEMBER 14, 2022

Cybercrime is a growth industry like no other. To this end, some impressive technology has been created to combat the technological side of the issue, to keep hackers and similar bad actors from accessing data and account privileges they shouldn’t. In 2021 alone, IC3 received 847,376 complaints which amounted to $6.9

Social Engineering 118

Social Engineering Energy and Utilities Phishing Scams 118

SecureList

NOVEMBER 28, 2022

Although the main types of threats (phishing, scams, malware, etc.) The larger the subscription base, the greater the number of fraudulent key-selling schemes and attempts at stealing accounts. These schemes can be very similar to the streaming scams that we have been observing for the past several years.

Education 118

Education Phishing Scams Social Engineering 118

Malwarebytes

AUGUST 7, 2022

Sadly this makes the subject valuable material for fraudsters, playing into people’s fears with a dash of social engineering to make them worse off than they were previously. Warnings abound of several energy / cost of living-themed scams doing the rounds. Energy refund scam types. Shall we take a look?

Scams 86

Scams Social Engineering Banking Phishing 86

Identity IQ

FEBRUARY 7, 2023

One of the most common techniques used to exploit web users is the phishing scam. In 2003, customers with eBay and PayPal were hit with phishing emails requesting them to update account information, leading customers to give out log-in information. Social Media Phishing. What is Phishing? How Does Phishing Work? Spear Phishing.

Phishing 98

Phishing Identity Theft Scams Banking 98

Security Boulevard

APRIL 23, 2021

Phishing attacks account for more than 80% of reported security incidents. These attacks are also mounted against highly privileged accounts like administrators and security personnel. Business email compromise is a sticky, multifaceted cybercrime that almost inevitably starts with a phishing attack. Business Email Compromise.

Phishing 101

Phishing Scams Media Backups 101

SC Magazine

JUNE 24, 2021

A new blog post report has shone a light on the malicious practice known as voice phishing or vishing – a social engineering tactic that some cyber experts say has only grown in prominence since COVID-19 forced employees to work from home. According to Iyer, it’s relatively easy and cheap for cybercriminals set up this kind of scam. “

Phishing 81

Phishing Social Engineering Scams Engineering 81

BH Consulting

JUNE 13, 2023

Almost three-quarters of breaches (74 per cent) involve the human element through error, social engineering, stolen credentials or misusing privileges. Half of all social engineering attacks involve ‘pretexting’, where criminals fabricate a story to trick the victim.

Social Engineering 52

Social Engineering Data breaches Scams DDOS 52

Malwarebytes

JUNE 23, 2022

Europol has coordinated a joint operation to arrest members of a cybercrime gang and effectively dismantle their campaigns that netted million in Euros. The group was involved in fraud, money laundering, phishing, and scams. Money mules then used these credentials to cash out millions in Euros from victim accounts.

Phishing 103

Phishing Banking Cryptocurrency Scams 103

Security Affairs

APRIL 6, 2023

Newbies get a taste of what phishing tools can do, pull off their first scam and wish for more, which is when they will be offered paid content. “To attract larger audiences, scam operators advertise their services, promising to teach others how to phish for serious cash.” ” reads the post published by Kaspersky. .

Phishing 88

Phishing Scams Social Engineering Banking 88

Security Affairs

JANUARY 22, 2024

In an adaptive phishing campaign, attackers gather specific information about victims through various sources, such as social media, public websites, and previous data breaches. One of the key elements of these campaigns is social engineering, which aims to psychologically manipulate victims.

Phishing 106

Phishing Education Social Engineering Media 106

Security Through Education

APRIL 7, 2021

” “Cybercrime apparently cost the world over $1 trillion in 2020.” The pandemic is providing the perfect cover for cybercrime, as can be seen in the alarming statistic from First Orion that criminals were able to get 270% more personal information in 2020 than in 2019 via vishing or phone scams. COVID-19 Scams.

Scams 92

Scams Computers and Electronics Insurance Social Engineering 92

Malwarebytes

MARCH 17, 2021

The so-called “mastermind” behind the 2020 Twitter hack that compromised the accounts of several celebrities and public figures—including President Barack Obama, Bill Gates, and Elon Musk—pleaded guilty to several charges on Tuesday in a Florida court. After the theft, Clark posted photos of himself on Instagram wearing a Rolex watch.

Hacking 85

Hacking Social Engineering Scams Accountability 85

BH Consulting

OCTOBER 6, 2022

Banks and insurance companies are telling customers to be wary of scam messages. Social engineering techniques, such as phishing, target not the systems but the people using them. Phishing and scam emails are – by some distance – the leading cause of ransomware infections, according to Statista. A message to you.

Security Awareness 52

Security Awareness Phishing Scams Social Engineering 52

CyberSecurity Insiders

APRIL 16, 2021

The emails pose as company updates and are often socially engineered to look like they have been personally tailored to the recipient. Preventing phishing attacks, like the latest phony HR scams, should not fall on individual employees alone. They are fairly convincing emails at first, second and even third glances.

Phishing 113

Phishing Security Awareness Social Engineering Scams 113

Identity IQ

DECEMBER 20, 2023

Businesses faced constant threats with phishing scams , malware , and other tactics. This signals a new era of cybercrime where private data becomes prized currency, putting every email address and credit card number at risk. But the numbers alone tell only part of the story.

Data breaches 72

Data breaches Identity Theft Cybercrime Social Engineering 72

SecureWorld News

MARCH 1, 2023

To top it off, the average amount of money requested in wire transfer business email compromise (BEC) scams reached a whopping $93,881. If the objective is to remotely access a workstation used by a finance department employee, the message would be masqueraded as an accounting report or a manager's request to verify wire transfer details.

Phishing 89

Phishing Social Engineering Scams Security Awareness 89

SecureList

APRIL 5, 2023

Once a URL is entered, the bot will generate several scam links targeting users of the service. Archive with phishing kits posted in a Telegram scam channel Contents of a free phishing kit archive Phishers also share stolen personal data with their subscribers, tagging it with information on whether it was verified or not.

Phishing 114

Phishing Marketing Scams Accountability 114

Security Affairs

SEPTEMBER 19, 2022

The Lithuanian State Data Protection Inspectorate has started an investigation into the security breach, according to preliminary data, threat actors had access to the Revolut database through the use of social engineering techniques. Here you will find different useful tips to avoid scams and fraudsters.

Social Engineering 91

Social Engineering Data breaches Scams Engineering 91

Security Affairs

SEPTEMBER 24, 2021

According to the post created on September 4, the database also contains profiles of users who don’t have Clubhouse accounts, whose phone numbers might have been acquired by threat actors due to the company’s past insistence that users share their full contact lists with Clubhouse to use the social media platform. Spamming 3.8

Passwords 102

Passwords Media Scams Accountability 102

Security Affairs

FEBRUARY 20, 2022

Business Email Compromise/Email Account Compromise (BEC/EAC) is a sophisticated scam that targets both entities and individuals who perform legitimate transfer-of-funds requests. Use secondary channels or two-factor authentication to verify requests for changes in account information. ” reads the FBI’s PSA.

Social Engineering 83

Social Engineering Accountability Scams Mobile 83