SecureWorld News

DECEMBER 27, 2024

Expect to see AI-enabled phishing campaigns, deepfake scams, and automated attacks grow in complexity. AI-powered scams will soar: As attackers leverage commoditized AI tools, scamsespecially romance, investment, and fraudwill grow more convincing and costly.

Cybersecurity

Krebs on Security

NOVEMBER 19, 2021

One of the more common ways cybercriminals cash out access to bank accounts involves draining the victim’s funds via Zelle , a “peer-to-peer” (P2P) payment service used by many financial institutions that allows customers to quickly send cash to friends and family.

Scams

Krebs on Security

MAY 16, 2020

A well-organized Nigerian crime ring is exploiting the COVID-19 crisis by committing large-scale fraud against multiple state unemployment insurance programs, with potential losses in the hundreds of millions of dollars, according to a new alert issued by the U.S. Secret Service. Treasury hundreds of millions of dollars in revenue each year.

Insurance

Krebs on Security

MAY 24, 2019

The Web site for Fortune 500 real estate title insurance giant First American Financial Corp. based First American is a leading provider of title insurance and settlement services to the real estate and mortgage industries. According to the FBI, BEC scams are the most costly form of cybercrime today. Image: Linkedin.

Insurance

Adam Levin

SEPTEMBER 4, 2019

The CEO of a UK-based energy firm lost the equivalent of $243,000 after falling for a phone scam that implemented artificial intelligence, specifically a deepfake voice. The post Voice Deepfake Scams CEO out of $243,000 appeared first on Adam Levin. Read the Wall Street Journal article here (subscription required).

Scams

Adam Levin

NOVEMBER 23, 2020

of all reports to the BBB Scam Tracker “were online purchase scams, up from 24.3% of those consumers lost money due to those scams, up from 71.2% A BBB survey conducted in August found that the majority of these scammed consumers made purchases for which they never received products. On top of that, 80.5%

Scams

Adam Levin

NOVEMBER 17, 2020

Here are 50 ways to avoid getting scammed on Black Friday — and beyond. Credit cards offer markedly better fraud protections than debit cards , which connect directly to your bank account. No matter your payment of choice, check bank and credit card statements daily for suspicious or erroneous charges. Choose credit over debit.

Scams

Krebs on Security

JUNE 30, 2021

A counterfeit check image [redacted] that was intended for a person helping this fraud gang print and mail phony checks tied to a raft of email-based scams. the “car wrap” scam ). A few days after the check is deposited, it gets invariably canceled by the organization whose bank account information was on the check.

Scams

Krebs on Security

MAY 23, 2020

When a reliable method of scamming money out of people, companies or governments becomes widely known, underground forums and chat networks tend to light up with activity as more fraudsters pile on to claim their share. And that’s exactly what appears to be going on right now as multiple U.S. Meanwhile, a number of U.S.

Insurance

Krebs on Security

JULY 23, 2020

In May 2019, KrebsOnSecurity broke the news that the website of mortgage title insurance giant First American Financial Corp. based First American [ NYSE:FAF ] is a leading provider of title insurance and settlement services to the real estate and mortgage industries. It employs some 18,000 people and brought in $6.2 billion in 2019.

Insurance

Identity IQ

SEPTEMBER 3, 2024

Major Banks Under Fire for Refusing Reimbursements to Victims of Online Payment Scams IdentityIQ Major U.S. banks, including JPMorgan Chase, Wells Fargo, and Bank of America, have come under intense scrutiny for their response to online payment scams. Key Takeaways Major U.S.

Scams

The Last Watchdog

JUNE 9, 2022

That said, here are what I consider to be the Top 5 online threats seniors face today: •Computer tech support scams. These scams take advantage of seniors’ lack of computer and cybersecurity knowledge. Once they get remote access, fraudsters hack confidential details of older adults and scam them. Romance Scam.

Identity Theft

Identity IQ

FEBRUARY 21, 2021

Identity theft insurance is a type of insurance policy that can help victims recover from losses caused by identity theft. It may be offered as a standalone policy, or as a benefit with other types of insurance or identity protection plans. Not all identity theft insurance policies offer the same level of coverage.

Identity Theft

Krebs on Security

JUNE 18, 2021

The SEC says First American derives nearly 92 percent of its revenue from its title insurance segment, earning $7.1 Title insurance protects homebuyers from the prospect of someone contesting their legitimacy as the new homeowner. Title insurance is not mandated by law, but most lenders require it as part of any mortgage transaction.

Insurance

Security Affairs

JUNE 10, 2021

Overall, fraud accounts for 73% of all online attacks: 56% are scams (fraud that results in the victim voluntarily disclosing sensitive data) and 17% are phishing attacks (theft of bank card details). Insurance companies around the world are now suffering from phishing. Pierluigi Paganini.

Scams

Krebs on Security

FEBRUARY 8, 2019

The USA Patriot Act , passed in the wake of the terror attacks of Sept 11, 2001, requires all financial institutions to appoint at least two Bank Secrecy Act (BSA) contacts responsible for reporting suspicious financial transactions that may be associated with money laundering. Secret Service to financial institutions nationwide.

Phishing

Lenny Zeltser

JULY 1, 2020

” How do such scams look from the victim’s perspective, and what can you do if you’re affected? How the Scam Works. Opens a bank account in the victim’s name with a provider such as GoBank or Green Dot for receiving the unemployment payments. I believe in this scheme.

Identity Theft

Security Boulevard

NOVEMBER 19, 2021

One of the more common ways cybercriminals cash out access to bank accounts involves draining the victim's funds via Zelle, a "peer-to-peer" (P2P) payment service used by many financial institutions that allows customers to quickly send cash to friends and family.

Scams

Identity IQ

NOVEMBER 5, 2021

Job scams have been a problem for years. Last year, the Better Business Bureau estimated 14 million victims with $2 billion in direct losses related to job scams. The 2020 BBB Employment Scams Report found job scams to be the riskiest of all the scams they tracked in 2018 and 2019.

Scams

Hot for Security

APRIL 8, 2021

Several COVID-19-related scams continue to tease internet users into believing they are about to receive a large sum on behalf of non-existent United Nations programs, Bitdefender Antispam Lab has learned. At first, they might ask for a small amount to cover taxes and insurance fees, for example. If you are interested.”

Scams

Krebs on Security

FEBRUARY 25, 2021

Labor Department’s inspector general said this week that roughly $100 million in fraudulent unemployment insurance claims were paid in 2020 to criminals who are already in jail. Many states also lacked the ability to tell when multiple payments were going to the same bank accounts. 77,000 NEW (AB)USERS EACH DAY.

Scams

Identity IQ

JANUARY 11, 2024

New AI Scams to Look Out For in 2024 IdentityIQ Artificial intelligence (AI) has quickly reshaped many aspects of everyday life. Here are three new AI scams to look out for in 2024 as well as some tips to help protect yourself and stay prepared for the explosive development of AI.

Scams

Identity IQ

NOVEMBER 12, 2021

If you’re aware of the most common identity theft scams, you can take simple actions to eliminate some of your vulnerabilities. Criminals obtain names, birthdates and Social Security numbers for minors under the age of 18 and use their information to get a variety of financial services and goods from bank accounts to utility services.

Identity Theft

Identity IQ

DECEMBER 18, 2023

How to Avoid Fake QR Code Scams IdentityIQ In today’s tech-driven world, QR (quick response) codes are everywhere. Fake QR code scams have quickly become a massive issue. Here, we unwrap how to help avoid fake QR code scams to keep you and your private information safe. What Are Fake QR Code Scams?

Scams

SecureWorld News

NOVEMBER 22, 2021

At the same time, banking organizations are a growing target for cyberattacks. One study by Trend Micro reported a 1,318% rise in ransomware attacks targeting banks in the first half of 2021. Many banks will have just a day and a half to report cyber incidents, under a new rule that will go into effect on May 1, 2022.

Banking

Webroot

FEBRUARY 15, 2024

With access to your personal information, bad actors can drain your bank account and damage your credit—or worse. Check out the nine tips below to discover how you can enable family protection and help prevent identity theft and credit and bank fraud. But that doesn’t mean you and your family have to become victims.

Identity Theft

CyberSecurity Insiders

FEBRUARY 4, 2021

All the leaked information can act as a treasure trove to hackers, as they can exploit the victims through insurance scams or can tamper with warranty information. Such credentials can also break into the consumer’s bank accounts, email accounts, or corporate networks.

Cyber Attacks

Identity IQ

SEPTEMBER 9, 2024

After a disaster, stay alert for scams and fraud , consider placing a credit freeze, and monitor your credit regularly. Here are key examples of natural disasters in the past that scammers have used to perpetrate scams: Maui Wildfire Charity Scams : In the aftermath of the devastating wildfires in Maui, scammers set up fake charities.

Identity Theft

Krebs on Security

DECEMBER 29, 2022

The FBI warns about a massive surge in victims from “ pig butchering ” scams, in which flirtatious strangers online lure people into investing in cryptocurrency scams. com, which was fed by pig butchering scams. banks are stiffing account takeover victims. Elizabeth Warren (D-Mass.) reveals that most big U.S.

Cryptocurrency

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. And this is, sadly, an example of why both of those are so critical."

Scams

Identity IQ

FEBRUARY 1, 2022

Of course, using an identity theft protection service that provides insurance to help recover those costs lost in the crime will greatly reduce the out-of-pocket cost due to Identity Theft. A typical example is the phony delivery scam. According to the FTC, consumers aged 80 and older lose more money to fraud than any other age group.

Identity Theft

Identity IQ

NOVEMBER 18, 2021

And trusting financial service providers, such as banks, to keep your loved ones safe, simply isn’t enough security all of the time. According to USA Today, she was scammed $700,000 in what is called a “grandparent scam.” Recently, a Florida woman was told her granddaughter was in legal trouble by scammers.

Identity Theft

Malwarebytes

FEBRUARY 3, 2023

million (roughly $750 million) through authorized and unauthorized fraud and scams in the UK alone. UK Finance is the collective voice for the UK’s banking and finance industry, representing around 300 firms across the industry. But it’s not a problem the banking sector can solve on its own.

Scams

Identity IQ

SEPTEMBER 19, 2023

Fortnite Scams: What Parents Need to Know IdentityIQ Since the summer of 2017, Fortnite Battle Royale has been one of the most popular games in the world. Unfortunately, offering financial information exposes players to scams, potentially resulting in identity theft. What is a Fortnite Scam? What is a Poison PDF?

Scams

Security Affairs

APRIL 30, 2019

Attackers were able to trick the personnel into believing that the contractor had changed their bank, and asked them to transfer the funds to a new bank account under their control. The parish submitted an insurance claim in the attempt of recovering the stolen money. In a letter to the parish, Fr. ” Stec added.

Insurance

Security Affairs

FEBRUARY 26, 2021

Inova is an actuarial consultancy company, which means they compile statistical analysis and calculate insurance risks and premiums. Document sent to the insurance company by the victim’s lawyer. Inova has been operating since 2012 and has handled thousands of cases since then. Sketch of the accident from the police report.

Data breaches

SecureWorld News

NOVEMBER 12, 2020

Emotet remains the most common type of malware infection, which started as a banking trojan, evolved, and now targets organizations regardless of industry vertical. ".it Unfortunately, if potential ransomware targets are known to be insured, the attackers assume that they will most probably be paid.

Cyber threats