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The ‘Zelle Fraud’ Scam: How it Works, How to Fight Back

Krebs on Security

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. “Members don’t have to request to use Zelle.

Scams 362
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Would You Have Fallen for This Phone Scam?

Krebs on Security

You may have heard that today’s phone fraudsters like to use use caller ID spoofing services to make their scam calls seem more believable. In that episode, the people impersonating his bank not only spoofed the bank’s real phone number, but they were also pretending to be him in a separate call at the same time with his bank.

Scams 363
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PayPal Phishing Scam Uses Invoices Sent Via PayPal

Krebs on Security

While the phishing message attached to the invoice is somewhat awkwardly worded, there are many convincing aspects of this hybrid scam. Details of this scam were shared Wednesday with PayPal’s anti-abuse (phish@paypal.com) and media relations teams. .” A copy of the phishing message included in the PayPal.com invoice.

Scams 343
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Scammers Sent Uber to Take Elderly Lady to the Bank

Krebs on Security

Email scammers sent an Uber to the home of an 80-year-old woman who responded to a well-timed email scam, in a bid to make sure she went to the bank and wired money to the fraudsters. So they sent her some information about where to wire the money, and asked her to go to the bank.

Banking 310
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‘Land Lordz’ Service Powers Airbnb Scams

Krebs on Security

site that helps him manage more than 500 scam properties and interactions with up to 100 (soon-to-be-scammed) “guests” looking to book the fake listings. The Land Lordz administrative panel for a scammer who’s running dozens of Airbnb scams in the United Kingdom. The price is € 250 + €500 secure deposit.

Scams 251
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U.S. Secret Service: “Massive Fraud” Against State Unemployment Insurance Programs

Krebs on Security

In those schemes, the scammers typically recruit people — often victims of online romance scams or those who also are out of work and looking for any source of income — to receive direct deposits from the fraudulent transactions, and then forward the bulk of the illicit funds to the perpetrators. Chamber of Commerce. ”

Insurance 363
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Massive Losses Define Epidemic of ‘Pig Butchering’

Krebs on Security

The term “pig butchering” refers to a time-tested, heavily scripted, and human-intensive process of using fake profiles on dating apps and social media to lure people into investing in elaborate scams. In a more visceral sense, pig butchering means fattening up a prey before the slaughter. “The scale of this is so massive.

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