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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. “Brickings” are among the “violence-as-a-service” offerings broadly available on many cybercrime channels. 9, 2024, U.S.

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You’ve Never Heard of the C-Suite Targeting Scam, but It’s a Killer

Adam Levin

billion in BEC scam-related losses the year before. With the W2 variety, a citizen of the c-suite requests all the W2s from human resources or accounting–thereby collecting a rich file of personally identifiable information that can be used to commit tax-related fraud as well as all stripe of identity theft.

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2023: A Year of Record-Breaking Data Breaches

Identity IQ

Data breaches reached an all-time high, leaving a trail of identity theft cases. This has left victims scrambling to understand the extent of the damage and how to help protect themselves against the evolving threat of identity theft. Businesses faced constant threats with phishing scams , malware , and other tactics.

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What Is Spear Phishing and How to Avoid It

Identity IQ

What Is Spear Phishing and How to Avoid It IdentityIQ Have you ever clicked a suspicious link or opened an unexpected attachment, only to realize it was a scam? Spear phishing is a targeted form of cybercrime that focuses on specific individuals or organizations. What Is Spear Phishing?

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BEC Is 62 Times More Profitable than Ransomware, IC3 Finds

Hot for Security

BEC/EAC is a sophisticated scam targeting both businesses and individuals performing transfers of funds,” the bureau’s cyber squad explains. The scam is frequently carried out when a subject compromises legitimate business email accounts through social engineering or computer intrusion techniques to conduct unauthorized transfers of funds.”.

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State of Cybercrime 2020: FBI Report

SecureWorld News

The FBI notes that the Internet Crime Complaint Center (IC3) has been key to its mission to track cybercrimes. The IC3 "provides the public with a trustworthy source for information on cyber criminal activity," and also is a useful tool for victims to report a cybercrime. The IC3 received 19,369 reports of BEC/EAC scams in 2020. "In

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What is Phishing?

Identity IQ

One of the most common techniques used to exploit web users is the phishing scam. They send the same email to many people, knowing that at least a few will become identity theft targets. Business Email Compromise, a BEC scam, targets companies to get them to send money or reveal confidential company information.