Vigilance Needed: Financial Services Firms Fight Imposter Scams
Digital Guardian
AUGUST 2, 2021
To tamp down on fraud and fight back against a new investment scam, the FBI and SEC is providing new guidance for investors to combat imposters.
Would You Have Fallen for This Phone Scam?
Krebs on Security
APRIL 28, 2020
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. But such records are ideally suited for criminals engaged in the type of phone scams that are the subject of this article.
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50 Ways to Avoid Getting Scammed on Black Friday
Adam Levin
NOVEMBER 17, 2020
Here are 50 ways to avoid getting scammed on Black Friday — and beyond. Popular browsers, like Safari or Firefox, frequently issue updates to protect against scams. In one of the tried-and-true scams of Christmas , fraudsters phish by sending their targets texts or emails about “delivery issues” or false-shipping notifications.
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Business email compromise scams take new dimension with multi-stage attacks
CSO Magazine
JUNE 12, 2023
The attack , which Microsoft researchers call multi-stage adversary-in-the-middle (AiTM) phishing, started with a compromise at a trusted vendor and targeted organizations from the banking and financial services sectors. To read this article in full, please click here
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Resecurity identified the investment scam network ‘Digital Smoke’
Security Affairs
FEBRUARY 27, 2023
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
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Expect More Spam Calls and SIM-Card Scams: 400 Million Phone Numbers Exposed
Adam Levin
SEPTEMBER 5, 2019
Some of the information out there was granular enough to allow a variety of scams, but the most serious is SIM-card swapping scams, where a criminal, armed with enough information about you, and most crucially your phone number, arranges to have your number moved to a phone in the criminal’s possession. . Introducing the legacy fail.
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Who’s Behind the ‘Web Listings’ Mail Scam?
Krebs on Security
MARCH 23, 2020
after receiving what looked like a bill for search engine optimization (SEO) services rendered on behalf of their domain names. The story concluded that this dubious service had been scamming people and companies for more than a decade, and promised a Part II to explore who was behind Web Listings.
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8 Common Identity Theft Scams
Identity IQ
NOVEMBER 12, 2021
Identity Theft: The Stark Reality found financial loss related to identity theft rose by approximately 42% in 2020. If you’re aware of the most common identity theft scams, you can take simple actions to eliminate some of your vulnerabilities. The post 8 Common Identity Theft Scams appeared first on IdentityIQ.
GUEST ESSAY: Why internal IT teams are ill-equipped to adequately address cyber risks
The Last Watchdog
FEBRUARY 11, 2024
It seems every day we hear of another breach, another scam, another attack on anything from a small business to a critical aspect of our nation’s infrastructure. Regulatory overload Firms in the financial services industry are staring down the bottom of the regulatory barrel coming into 2024.
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Twitter Users Targeted With COVID-19 Phishing Scam
SecureWorld News
JANUARY 28, 2021
This has resulted in many of those targeted falling for the scam. Reaction to phishing scams. This recent phishing scam has caused some concern within the cybersecurity community. Contact CIFAS (the UK’s Fraud Prevention Service) to apply for protective registration. COVID-19 related phishing emails.
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NY Charges First American Financial for Massive Data Leak
Krebs on Security
JULY 23, 2020
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.
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Report: Big U.S. Banks Are Stiffing Account Takeover Victims
Krebs on Security
OCTOBER 7, 2022
who in April 2022 opened an investigation into fraud tied to Zelle , the “peer-to-peer” digital payment service used by many financial institutions that allows customers to quickly send cash to friends and family. “In the vast majority of these cases, the banks did not repay the customers that reported being scammed.
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A cyber attack hit Nissan Oceania
Security Affairs
DECEMBER 7, 2023
“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. .”
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Generative AI Changes Everything You Know About Email Cyber Attacks
CyberSecurity Insiders
APRIL 4, 2023
Widespread accessibility to generative AI tools, like ChatGPT, as well as the increasing sophistication of nation-state actors, means that email scams are more convincing than ever. 73% of employees working in financial services organizations have noticed an increase in the frequency of scam emails and texts in the last 6 months.
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Unmasking 2024’s Email Security Landscape
Security Affairs
FEBRUARY 28, 2024
Targeted Sector Vulnerabilities: Financial Services, IT, Healthcare, Education, and Government sectors have emerged as primary targets, with attackers fine-tuning their strategies to exploit specific vulnerabilities within these industries.
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SHARED INTEL: How attacks on web, mobile apps are being fueled by rising API vulnerabilities
The Last Watchdog
APRIL 7, 2020
Here are key takeaways: Romance scams Like many modern companies, Zoosk, the popular San Francisco-based dating site, rests on infrastructure that’s predominantly cloud-based. Zoosk’s core service is delivered via a mobile app that has 20 different registration and/or login pages – all are API driven. “So We spoke at RSA 2020.
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Let’s Not Get Smished
Approachable Cyber Threats
JANUARY 4, 2023
They can also use text messages to entice victims to click on links in scams known as “smishing.” “OK, The word “smishing” has become a legitimate term that combines the words “Short Message Service (SMS)” and “ Phishing ”. So what do smishing scams look like?” You can also forward the scam text to 7726 (SPAM).
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Akira ransomware gang claims the theft of sensitive data from Nissan Australia
Security Affairs
DECEMBER 22, 2023
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.
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Brits Lost £1.8 Million to Pension Fraud This Year, UK’s ‘Action Fraud’ Warns
Hot for Security
APRIL 20, 2021
Although pension scam reports have decreased considerably since 2014, the agency has received 107 notifications from swindled savers between January and March 2021 – a 45% increase compared to the same period in 2020. How to protect against pension scams.
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Everyone in Your Family Needs to Protect Their Identity
Identity IQ
NOVEMBER 18, 2021
And trusting financial service providers, such as banks, to keep your loved ones safe, simply isn’t enough security all of the time. According to USA Today, she was scammed $700,000 in what is called a “grandparent scam.” Recently, a Florida woman was told her granddaughter was in legal trouble by scammers.
19-Year-Old man arrested for misusing leaked record from Optus Breach
Security Affairs
OCTOBER 6, 2022
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.
First American Financial Pays Farcical $500K Fine
Krebs on Security
JUNE 18, 2021
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.
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The ‘Zelle Fraud’ Scam: How it Works, How to Fight Back
Krebs on Security
NOVEMBER 19, 2021
What follows is a deep dive into how this increasingly clever Zelle fraud scam typically works, and what victims can do about it. Last week’s story warned that scammers are blasting out text messages about suspicious bank transfers as a pretext for immediately calling and scamming anyone who responds via text.
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Marriott Breach: More than 500 Million Guest Affected
Adam Levin
NOVEMBER 30, 2018
This is a tremendous blow to consumers who trusted their information would be safe, and represents a potentially life-changing situation for anyone affected since there is enough information to make virtually any identity theft scam possible. Follow the three Ms: 1. Minimize your exposure. Manage the damage.
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Investment fraud overtakes business email compromise as most reported fraud
Malwarebytes
MARCH 13, 2023
These scams usually offer the victims large returns with minimal risk. Crypto-investment fraud saw an incredible growth in 2022, both in number of scams and in the amount of damage done. Common scam opening lines may involve: sports, golfing, travel, fitness. Retirement, 401K, Ponzi, Pyramid, etc.).”
Everyone in Your Family Needs to Protect Their Identity
Identity IQ
NOVEMBER 18, 2021
And trusting financial service providers, such as banks, to keep your loved ones safe, simply isn’t enough security all of the time. According to USA Today, she was scammed $700,000 in what is called a “grandparent scam.” Recently, a Florida woman was told her granddaughter was in legal trouble by scammers.
ChatGPT and How Generative AI Is Changing the Attack Landscape
SecureWorld News
MAY 30, 2023
In the recent SecureWorld Financial Services virtual conference , Mike Britton and Dan Sheiber of Abnormal Security joined Adam Pendleton, CISO of LendingPoint, to discuss ChatGPT's impressive capabilities. But it is powerful, and the danger lies with what can be done using the chatbot tool.
Black Friday shoppers beware: online threats so far in 2022
SecureList
NOVEMBER 23, 2022
The risk of being scammed runs even higher. While on ordinary days, the customer can easily see that if the product is too cheap, it is most likely a scam, during the Black Friday sales, it gets harder to tell. Instead of being the first among buyers, they will join the ranks of scam victims. Phishing and scam: red flags.
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Scott Hermann, CEO of IDIQ, Joins Entryway’s National Board of Directors
Identity IQ
OCTOBER 26, 2023
Hermann has provided his expertise in helping identify and protect against identity theft and other scams to numerous national news outlets, including Forbes and Fox News. With this growth, IDIQ currently supports more than 3 million members in protecting their identities and credit.
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Avoslocker ransomware gang targets US critical infrastructure
Security Affairs
MARCH 19, 2022
. “AvosLocker is a Ransomware as a Service (RaaS) affiliate-based group that has targeted victims across multiple critical infrastructure sectors in the United States including, but not limited to, the Financial Services, Critical Manufacturing, and Government Facilities sectors. ransomware and phishing scams).
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The Future of Payments Security
Thales Cloud Protection & Licensing
JANUARY 26, 2021
The increasing trend of using mobile payments for in-store purchases (especially during the pandemic) is leading criminals to increasingly focus their efforts on defrauding people through online fraud and scams. Fraud and scams move to the web. Online skimming.
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Apps removed from Google Play for harvesting user data
Malwarebytes
APRIL 12, 2022
According to WSJ , one dev claimed they were told it was “collecting data on behalf of internet service providers”. These supposed ISPs were complemented by financial service/energy companies. Simply hoping that it isn’t a scam from top to bottom won’t save you from a rogue install.
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Protecting Against Leakware: 5 Strategies for Vulnerable Executives
SecureWorld News
APRIL 4, 2022
The most frequent targets of leakware are hospitals, law firms, and financial services organizations. Employees who lack adequate security training make it much easier for hackers to take advantage of them through phishing attacks or other scams. Prioritize employee cybersecurity training.
Billions of FBS Records Exposed in Online Trading Broker Data Leak
Security Affairs
MARCH 24, 2021
Forex trading may be dominated by banks and global financial services but, thanks to the Internet, the average person can today dabble directly in forex, securities and commodities trading. Scams, Phishing and Malware. Leaked contact information may be used to launch scam, phishing and malware attacks against FBS users.
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Microsoft partnered with other security firms to takedown TrickBot botnet
Security Affairs
OCTOBER 12, 2020
The TrickBot operators also deployed banking trojans and info-stealer trojans and were providing access to corporate networks for crooks focused on scams and cyber espionage. “The action against Trickbot is one of the ways in which Microsoft provide real-world protection against threats. ” concludes Microsoft.
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Spam and phishing in 2022
SecureList
FEBRUARY 16, 2023
Thus, during the World Cup a brand-new scam appeared: it offered users to win a newly released iPhone 14 for predicting match outcomes. In a typical internet hoax manner, crypto scam sites offered visitors to get rich quick by paying a small fee. “Promotional campaigns by major banks” were a popular bait in 2022.
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Financial cyberthreats in 2022
SecureList
MARCH 29, 2023
We look at phishing threats commonly encountered by users and companies, as well as the dynamics of various Windows and Android-based financial malware. Methodology For this report, we conducted a comprehensive analysis of financial cyber threats in 2022. In 2022, 36.3%
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NEW TECH: Cequence Security launches platform to shield apps, APIs from malicious botnets
The Last Watchdog
NOVEMBER 13, 2018
These baseline account takeovers can then be leveraged to spread spam, distribute phishing scams, launch denial of service attacks, infiltrate and plunder networks, execute wire fraud and more. Stolen usernames and passwords are loaded up on botnets, which then relentlessly test them on account logon pages.
MY TAKE: Why companies and consumers must collaborate to stop the plundering of IoT systems
The Last Watchdog
NOVEMBER 9, 2020
IoT-enabled scams and hacks quickly ramped up to a high level – and can be expected to accelerate through 2021 and beyond. In one very recent caper, the attackers targeted the CFO of a financial services firm, as he worked from home, Sherman says. In response, threat actors are hustling to take full advantage.
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Massive Losses Define Epidemic of ‘Pig Butchering’
Krebs on Security
JULY 21, 2022
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.
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Spam and phishing in 2021
SecureList
FEBRUARY 9, 2022
More and more often, scam websites posing as large companies that promise huge cash prizes in return for completing a survey have begun setting out stricter criteria for those who want a chance to win. IT companies (2.00%) and financial services (1.90%) also held onto their places in the rating.
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How the Secret Service Thwarted a $21 Million BEC Attack
SecureWorld News
SEPTEMBER 2, 2021
Since BEC attacks can happen so swiftly, it is imperative to act quickly—rapid-fire quick—when it is suspected a financial transaction could be compromised. If you suspect suspicious activity, it could be a good idea to notify the Secret Service. The agency has close ties to financial services to help get an organization's money back.
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Websites repeatedly stalked by fraudulent copycats, say researchers
SC Magazine
JULY 13, 2021
Digital Shadows reports that out of its total client base, businesses operating in the financial services, food and beverage, technology, health care, and insurance verticals were responsible for nearly half of all total risk events observed. “We
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Hush – This Data Is Secret
CyberSecurity Insiders
APRIL 12, 2021
A variety of imposter scams are made more convincing when more personal details are known about a person or their family. Part of the threat issued to the victim is to pay the ransom for the decryption key, or the stolen data will be released to the public. This is a new level of ransomware meets blackmail.
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