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FBI: Investment Scams Surpass BEC as Most Costly Cybercrime

SecureWorld News

Alright, how many of you saw a cryptocurrency ad on TV in 2022? Now the important question: how many of you got scammed in some sort of way by cryptocurrency or another type of investment? The report shows that phishing schemes were the most common type of cybercrime reported by victims in 2022, with 300,497 complaints.

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Fla. Man Charged in SIM-Swapping Spree is Key Suspect in Hacker Groups Oktapus, Scattered Spider

Krebs on Security

authorities arrested a 19-year-old Florida man charged with wire fraud, aggravated identity theft, and conspiring with others to use SIM-swapping to steal cryptocurrency. 12 blog post , the attackers used their access to Mailchimp employee accounts to steal data from 214 customers involved in cryptocurrency and finance.

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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. Pierluigi Paganini.

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Hacker allegedly involved in 2020 Twitter hack charged with theft of $784K in crypto

Security Affairs

The US DoJ charged the suspected Twitter hacker ‘PlugWalkJoe’ with the theft of $784,000 worth of cryptocurrency using SIM swap attacks. Once hijacked a SIM, the attackers can steal money, cryptocurrencies and personal information, including contacts synced with online accounts.

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Cybercriminals Implemented Artificial Intelligence (AI) for Invoice Fraud

Security Affairs

This tactic underscores their commitment to identity theft and the exploitation of unsuspecting individuals through deceptive online means. The use of Artificial Intelligence in cybercrime is not a completely novel concept. This approach was used to deceive individuals into sharing sensitive information with malicious actors.

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85 Millions of voter records available for sale ahead of the 2018 US Midterm Elections

Security Affairs

Ahead of the 2018 US midterm elections , sellers are flooding the cybercrime underground markets with data from voter databases. ” The availability of such kind of data exposes voters to sophisticated identity theft. . ” The availability of such kind of data exposes voters to sophisticated identity theft.

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Handling Pandemic Burnout While Balancing Digital Lifestyles and Cybersecurity

Hot for Security

Since COVID-19 was declared a pandemic, spikes in online scams, fraud, identity theft, phishing and malware attacks have served as a constant reminder that individuals are waging war on two fronts. We still have a long way to go until we re-establish our peace of mind as we emerge from the health crisis.