This is a true story and the names and location of the victim's family have been deleted. A crypto account holder was annoyed when his phone would not stop buzzing. It looked like a robocall, so he tried to ignore it. The calls continued and then his wife’s phone also started to ring. When she picked it up, a banner came across, a notification that read, ‘Your account’s in jeopardy.’” The warning, which he said was a text message, prompted him to pick up his phone. That was when the couple’s ni
The holiday shopping season is now at full throttle, and so is the risk of a cyber-attack. Threat actors often get to work during the holidays. IT staff is heading out for vacation, and everyone is in a hurry. This means we might skimp on security. Still, there are some holiday cybersecurity tips that will help make the season go smoothly. Today we would like to share some common sense, and very valuable tips by Jonathan Reed.
During the holidays, online shopping and overall activity dram
The US Securities and Exchange Commission has issued a new warning that fresh criminal schemes are continuing to target digital assets. Security experts say with social engineering attempts on the rise, individuals and organizations must remain vigilant against crypto-related scams or other "get rich quick" schemes.
In its recent bulletin, the SEC's Office of Investor Education and Advocacy and Division of Enforcement's Retail Strategy Task Force says, "Fraudsters continue to exploit the rising
“Oh Romeo, Romeo wherefore art thou Romeo?” The FBI is warning the public that a massive spike of online romance scams this year caused many Americans to lose more than $113 million since the start of 2021. The scammers behind this type of online fraud trend (also known as confidence fraud) which can lead to significant financial losses and devastating emotional scars use fake online identities to gain potential victims' trust on dating or social media platforms.
After the victims are lured in
The age-old trick of romance scams remains real and is getting worse. The number of people being targeted by fake relationship-seekers has drastically spiked during the COVID-19 pandemic. Why? People are lonely and clever criminals play on this new phenomenon. Romance scams remain the most successful fraud strategy for cybercriminals and represent a growing arena of opportunity; this according to the Federal Trade Commission. During 2020, romance schemes accounted for a record $304 million ra
Business Email Compromise or BEC attack begins with a cybercriminal hacking and spoofing emails to impersonate your company’s supervisors, CEO, or vendors. Once in, they request a seemingly legitimate business payment. The email looks authentic, seems to come from a known authority figure, so the unsuspecting employee complies. These fraudsters are increasingly exploiting the auto-forwarding feature in compromised email accounts to help conduct business email compromise scams, the US Federal B
Account takeover seeks to infiltrate an existing account and use them for the criminal’s benefit. Cyber threat actors will target any firm from any market segment, so there is no pattern to follow. Once the criminal accesses the account, they may make unauthorized purchases and cash advances; they may also change account information so that the real owner does not receive notifications from the account.
According to a recent report, account takeover has tripled over a year-to-year comparison,
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