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Generative AI Changes Everything You Know About Email Cyber Attacks

CyberSecurity Insiders

Social engineering – specifically malicious cyber campaigns delivered via email – remain the primary source of an organization’s vulnerability to attack. Social engineering is a profitable business for hackers – according to estimates, around 3.4 billion phishing e-mails get delivered every day.

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Report: Big U.S. Banks Are Stiffing Account Takeover Victims

Krebs on Security

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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New York: Cyberattack Is Twitter's Fault, Let's Increase Regulation

SecureWorld News

It was the summer cyberattack that had social media buzzing. A group of teenagers used social engineering to breach Twitter's network and take over the accounts of a whole bunch of A-listers. As a teenager, he discovered that social engineering was a trick that worked. "I You could lose your data.'.

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ChatGPT and How Generative AI Is Changing the Attack Landscape

SecureWorld News

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.

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Investment fraud overtakes business email compromise as most reported fraud

Malwarebytes

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. Mostly by deploying social engineering, victims are tricked into linking their cryptocurrency wallet to a fraudulent liquidity mining application.

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Scammers impersonate execs to target big payout of investor dollars

SC Magazine

Researchers have spotted a new business email compromise (BEC) trend that, if perfected, could represent a significant social engineering threat to the financial investment and private equity community. However, for now the scam isn’t executed especially well, Hassold noted.

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Black Friday shoppers beware: online threats so far in 2022

SecureList

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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