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In early May 2025, two of the United Kingdom's best-known grocers, Marks & Spencer (M&S) and the Co-op, as well as luxury retailer Harrods, were struck by sophisticated social-engineering attacks that tricked IT teams into resetting critical passwords and deploying ransomware across their networks.
Oink, oink, FAIL—you’re in jail: Kansas bank chief exec Shan Hanes stole money from investors, a church and others to buy cryptocurrency to feed a scam. The post Pig Butchering at Heart of Bank Failure — CEO Gets 24 Years in Jail appeared first on Security Boulevard.
Phishing and Fraud Bad actors can defraud customers out of their money, financial details, and other sensitive data by using deception and socialengineering. By using AI to compose phishing messages, bad actors can avoid many of the telltale signs that indicate a scam, such as spelling and grammar errors and awkward phrasing.
AI-powered socialengineering makes scams more convincing, while stolen passwords enable criminals to log into corporate networks and move laterally unnoticed. Deepfakes create hyper-realistic fake videos or voices that fool people, and identity theft helps attackers pretend to be someone else to steal data.
Is the Future of Digital Identity Safe? The pandemic has not only significantly accelerated digitaltransformation in all industries. It has further established digital services as one of the foundational pillars of the transformation of economies worldwide. Tue, 03/29/2022 - 11:28.
The increased reliance on decentralized connection and the continued rapid expansion of digitaltransformation by enterprises, small to medium-sized businesses (SMBs) and individuals, provided cybercriminals with many opportunities to exploit and capitalize on unsuspecting businesses and individuals. “In Ransomware. Cryptocurrency.
It is essential to note that while phishing-resistant MFA is most effective against AI-enabled socialengineering attacks, any form of MFA is much better than no MFA at all. The Thales 2024 Digital Trust Index indicates that 81% of customers expect brands to offer MFA, which serves as a means to greater loyalty and trust.
Remember that attackers are cunning and use clever socialengineering techniques to exploit human psychology and manipulate us into giving out confidential information. Understanding common cyber threats can help you identify and avoid scams. Scrub the Cyber Grime Good cyber hygiene is key.
It is essential to note that while phishing-resistant MFA is most effective against AI-enabled socialengineering attacks, any form of MFA is much better than no MFA at all. The Thales 2024 Digital Trust Index indicates that 81% of customers expect brands to offer MFA, which serves as a means to greater loyalty and trust.
Remember that attackers are cunning and use clever socialengineering techniques to exploit human psychology and manipulate us into giving out confidential information. Understanding common cyber threats can help you identify and avoid scams. Scrub the Cyber Grime Good cyber hygiene is key.
On top of this, the consequences of rapid digitaltransformation due to the COVID-19 Pandemic created the perfect storm for successful ransomware attacks. Threat actors have developed socialengineering approaches that leverage the uncertainty and chaos of the pandemic in order to deliver their malicious software.
It serves as a warning to regularly backup company data and train every employee on how to identify phishing and socialengineering attacks. The region’s rapid digitaltransformation has significantly expanded its attack surface. Despite these efforts, challenges persist.
This gang of cybercriminals targets individuals within an organization with socialengineering tactics designed to fool them into opening a document from a ZIP file attached to an email. How do hackers use socialengineering? How to spot their scam and protect yourself. OnePercent Group attacks. ” Conclusion.
A continued shift to remote working highlighted the importance of security in an era of digitaltransformation, and hopefully, business leaders have taken onboard the critical need for effective online protection, particularly where email security is concerned. 2) Create strong passwords. 3) Attend email awareness training.
While the pandemic accelerated their digitaltransformation initiatives, it also expanded their threat surface and opened up opportunities for cybercriminals. In addition, telemedicine has generated a larger pool for potential phishing scams as well as other socially-engineered, and technically based, attacks (e.g.,
Expect to see AI-enabled phishing campaigns, deepfake scams, and automated attacks grow in complexity. AI-powered scams will soar: As attackers leverage commoditized AI tools, scamsespecially romance, investment, and fraudwill grow more convincing and costly. What the Practitioners Predict Jake Bernstein, Esq.,
On top of this, the consequences of rapid digitaltransformation due to the COVID-19 Pandemic created the perfect storm for successful ransomware attacks. Threat actors have developed socialengineering approaches that leverage the uncertainty and chaos of the pandemic in order to deliver their malicious software.
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