March 19, 2024 at 04:05PM The FBI reported that investment fraud, particularly involving cryptocurrency, led to a $4.57 billion loss in 2023, surpassing losses from ransomware. Scams preyed on victims’ desire for quick profits and even targeted those seeking recovery from previous scams. Older individuals were especially vulnerable, accounting for substantial losses and an increase … Read more
March 14, 2024 at 02:11PM SIM swappers have adapted their attacks to steal phone numbers from eSIM cards, utilizing the digital cards stored on mobile device chips. Russian cybersecurity firm F.A.C.C.T. reports an increase in attempts to access client accounts. Attackers hijack the victim’s phone number by porting it to their own device with a … Read more
March 11, 2024 at 01:52PM Roku disclosed a data breach affecting 15,363 customer accounts, with hacked accounts used for fraudulent purchases and sold for as little as $0.50 each. The breach involved credential stuffing, allowing threat actors to change account information and make illegal purchases with stored credit card details. Roku is addressing the issue … Read more
March 7, 2024 at 09:34AM Nigerian national Henry Echefu pleaded guilty in a US court to his role in a business email compromise (BEC) fraud scheme causing about $200,000 in losses. Echefu and co-conspirators engaged in unauthorized access to email accounts, instructing victims to make wire transfers. He faces up to 20 years in prison … Read more
March 4, 2024 at 09:47AM American Express notified customers of a third-party data breach involving account information, including card numbers, names, and expiration dates. The company stressed that its own systems were not compromised, and it is unclear how many customers were impacted or when the attack occurred. American Express is working with regulatory authorities … Read more
February 15, 2024 at 04:26PM DataDome has expanded its bot bounty program, partnering with YesWeHack to invite external researchers to rigorously test its protection. Rewards range from €200 to €5,000 for developing bots that can scrape two dedicated websites without being blocked. DataDome’s solution has received widespread recognition and praise for its market-leading detection and … Read more
February 9, 2024 at 11:58AM Finance worker in Hong Kong was scammed out of $25 million by deepfake video conference impersonating company’s CFO. Trend Micro previously warned about this type of fraud. Increasing accessibility to deepfake technology and AI-powered fraud is heightening the risk. Organizations need to strengthen processes, collaborations, and defense technology to defend … Read more
February 9, 2024 at 10:24AM The FTC reported over $10 billion losses to scammers in 2023, a 14% increase from the previous year. Ransomware payments also hit a record of over $1.1 billion. Imposter scams were the most reported fraud, with investment scams leading in losses. The FTC added 5.4 million consumer reports to their … Read more
February 7, 2024 at 10:08AM UAE banks recently participated in a cyberattack simulation to test their ability to combat cyber risks. The Cyber Wargaming event was organized by the Central Bank of the UAE, the UAE Government’s Cyber Security Council, and the UAE Banks Federation. Representatives from various sectors attended, reflecting the UBF’s commitment to … Read more
January 29, 2024 at 11:36AM The FBI issued a warning about scammers using courier services to collect cash and precious metals from victims, often senior citizens, in tech support or government impersonation scams. The scammers pressure victims to sell assets and arrange for couriers to pick up funds. The FBI advises caution and to report … Read more