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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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Passwordless Authentication without Secrets!

Thales Cloud Protection & Licensing

Passwordless Authentication without Secrets! This highlights an increasing demand for advanced authentication methods like passkeys and multi-factor authentication (MFA), which provide robust security for most use cases. Similarly, in retail and manufacturing, delays caused by authentication procedures reduce overall efficiency.

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The Risk of Weak Online Banking Passwords

Krebs on Security

If you bank online and choose weak or re-used passwords, there’s a decent chance your account could be pilfered by cyberthieves — even if your bank offers multi-factor authentication as part of its login process. Image: Hold Security.

Banking 279
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DOGE as a National Cyberattack

Schneier on Security

This approach, known as “separation of duties,” isn’t just bureaucratic red tape; it’s a fundamental security principle as old as banking itself. When your local bank processes a large transfer, it requires two different employees to verify the transaction.

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Crooks bank on Microsoft’s search engine to phish customers

Malwarebytes

We identified a new wave of phishing for banking credentials that targets consumers via Microsoft’s search engine. In this blog post, we take a look at how criminals are abusing Bing and stay under the radar at the same time while also bypassing advanced security features such as two-factor authentication.

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Scammers hijack websites of Bank of America, Netflix, Microsoft, and more to insert fake phone number

Malwarebytes

In the latest example of this type of scam, we found tech support scammers hijacking the results of people looking for 24/7 support for Apple, Bank of America, Facebook, HP, Microsoft, Netflix, and PayPal. We don’t just report on threats—we remove them Cybersecurity risks should never spread beyond a headline.

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Why SMS two-factor authentication codes aren't safe and what to use instead

Zero Day

Those codes are supposed to serve as two-factor authentication to confirm our identity and prevent scammers from accessing our accounts through a password alone. New reports from both Bloomberg and collaborative investigative newsroom Lighthouse Reports shed light on how and why text-based codes can put people at risk.