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Banking frauds are rising as financial info is being stored digitally

CyberSecurity Insiders

Most Americans are having a habit of storing their ATM pins, bank account details and, to a certain extent, debit/credit card numbers on mobiles, computers and emails. Using unique passwords, and changing them frequently, and submitting the card info only on websites mentioning ‘https’ makes sense.

Banking 132
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Store manager admits SIM swapping his customers

Malwarebytes

Armed with an email and password—which are easily bought online— and the 2FA code, an attacker could take over the victim’s online accounts. He was paid in Bitcoin, which was traced back to Katz’s cryptocurrency account. If you notice irregular transactions, contact your bank to have your account blocked and avoid further fraud.

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Tax Season Scams: How to Protect Your Identity

Identity IQ

It pays to guard against tax identity theft. Here’s how to help protect your identity during tax season. You’re asked to pay with gift cards, wire transfers, or cryptocurrency. Scammers trick you into giving up credit card and bank information by pretending to be the IRS.

Scams 124
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Two men arrested for stealing $550,000 in cryptocurrency with Sim Swapping

Security Affairs

On Thursday, US authorities arrested two crooks charging them with stealing $550,000 in cryptocurrency from at least 10 victims using SIM swapping. American law enforcement has declared war to sim swapping scammers and announced the arrest of two individuals for stealing $550,000 in Cryptocurrency. In May, the U.S.

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Accused ‘Raccoon’ Malware Developer Fled Ukraine After Russian Invasion

Krebs on Security

A 26-year-old Ukrainian man is awaiting extradition from The Netherlands to the United States on charges that he acted as a core developer for Raccoon , a popular “malware-as-a-service” offering that helped paying customers steal passwords and financial data from millions of cybercrime victims. stolen with the help of Raccoon.

Malware 292
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Cybercriminals Implemented Artificial Intelligence (AI) for Invoice Fraud

Security Affairs

Resecurity has uncovered a cybercriminal faction known as “ GXC Team “, who specializes in crafting tools for online banking theft, ecommerce deception, and internet scams. Upon detection, it alters the banking information of the intended recipient (like the victim’s supplier) to details specified by the perpetrator.

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The Origins and History of the Dark Web

Identity IQ

Transactions on the dark web are typically conducted using cryptocurrencies such as Bitcoin to maintain anonymity. You probably use the deep web all the time — examples may include bank accounts, your email, and login-restricted content such as news or streaming entertainment.