article thumbnail

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. Dozens of cybercrime shops traffic in this stolen data, which is more traditionally used to defraud online merchants. Click to enlarge. Image: Gemini Advisory.

Scams 359
article thumbnail

Resecurity identified the investment scam network ‘Digital Smoke’

Security Affairs

Once payments are collected from the victims, they make previously created resources vanish and set up the next new campaign – this is why investigators named the group “Digital Smoke” According to the latest report by FTC released last week called “The Top Scams of 2022” people reported losing $8.8

Scams 91
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

NY Charges First American Financial for Massive Data Leak

Krebs on Security

According to a filing (PDF) by the New York State Department of Financial Services (DFS), the weakness that exposed the documents was first introduced during an application software update in May 2014 and went undetected for years. According to the FBI, BEC scams are the most costly form of cybercrime today.

Insurance 308
article thumbnail

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.

Scams 307
article thumbnail

19-Year-Old man arrested for misusing leaked record from Optus Breach

Security Affairs

The Australian Federal Police (AFP) arrested a 19-year-old teen from Sydney for attempting to use data from the Optus data breach in SMS scams. “ A Sydney man, 19, has been charged for allegedly attempting to misuse stolen Optus customer data in a text message blackmail scam.” million individuals. million individuals.

article thumbnail

First American Financial Pays Farcical $500K Fine

Krebs on Security

The records exposed by First American would have been a virtual gold mine for phishers and scammers involved in Business Email Compromise (BEC) scams, which often impersonate real estate agents, closing agencies, title and escrow firms in a bid to trick property buyers into wiring funds to fraudsters. That inquiry is ongoing.

Insurance 289
article thumbnail

Akira ransomware gang claims the theft of sensitive data from Nissan Australia

Security Affairs

The Australian and New Zealand Nissan Corporation and Financial Services (“Nissan”) advises that its systems have been subject to a cyber incident. Nissan recommends customers be vigilant and look out for any suspicious or scam activities. reads the statement published by the company on its website. and nissan.co.nz.