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
fraud (24)
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,
