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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. Those who submitted credentials were then prompted to provide the one-time password needed for multi-factor authentication. 9, 2024, U.S. According to an Aug.

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What Is Spear Phishing and How to Avoid It

Identity IQ

Spear phishing is a targeted form of cybercrime that focuses on specific individuals or organizations. The selection process involves meticulous research and social engineering to help identify potential targets. It adds an extra layer of security beyond passwords. What Is Spear Phishing? Keep software updated.

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An odd kind of cybercrime: Gift vouchers, medical records, and.food

Malwarebytes

Foy was able to gain access to many victims’ accounts as they often used the same passwords across more than one account. Grab yourself a password manager. They create and remember strong passwords to prevent reuse, and many will refuse to sign in to bogus websites.

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T-Mobile Store Owner Made $25M Illegally Unlocking Cellphones

SecureWorld News

Very often he would socially engineer employees at the IT help desk to get their credentials. He would then target higher ranking employees, using their personal identifying information to reset their company passwords through the help desk. mandatory two years in federal prison for aggravated identity theft.

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Email compromise leads to healthcare data breach at Kaiser Permanente

Malwarebytes

This included resetting the employee’s password for the email account where unauthorized activity was detected. This attack may reveal itself to be something as basic as an easy to guess password. The lurking menace of social engineering.

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Cybercriminals Implemented Artificial Intelligence (AI) for Invoice Fraud

Security Affairs

Victims are tricked into installing this fake app under the guise of confirming their OTP (One-Time Password), which is then intercepted and transmitted to a command-and-control (C2C) server managed by the attacker. The use of Artificial Intelligence in cybercrime is not a completely novel concept.

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Account Takeover: What is it and How to Prevent It?

Identity IQ

Account takeover, also known as ATO, is a form of identity theft in which a malicious third party gains access to or “takes over” an online account. Given that 52% of people use the same password for multiple accounts, compromising one account can give a criminal access to a vast range of personal data. What is Account Takeover?