YouTube Becomes Latest Battlefront for Phishing, Deepfakes

May 21, 2024 at 04:57PM Researchers at Avast report that YouTube has become a target for malicious activities, including phishing, malware distribution, and fake investment schemes. They highlight the rise of deepfake videos and various exploitation methods. Avast’s scanning capabilities have protected millions of users, and security experts emphasize the importance of educating and preparing … Read more

Crypto wallet providers urged to rethink security as criminals drain them of millions

March 19, 2024 at 10:35AM Information security researchers have observed a surge in cryptocurrency attacks, with a focus on exploiting Ethereum’s CREATE2 opcode, resulting in millions of dollars’ worth of assets being stolen from victims’ wallets. This vulnerability underscores the ongoing battle between innovation and security within the blockchain community and highlights the need for … Read more

Experts Ponder Effectiveness of Official Warnings of Cyber Scams

January 17, 2024 at 03:47PM Dubai Police and Ghana’s Cyber Security Authority issued warnings about unsolicited scam messages and fraudulent websites, with scammers using SEO tactics to rank high on search results. Experts note the public’s default trust in authority figures and susceptibility online, emphasizing the need for more vigilance to counter these threats. Hurdles … Read more

Beware: Scam-as-a-Service Aiding Cybercriminals in Crypto Wallet-Draining Attacks

December 30, 2023 at 04:42AM Cybersecurity researchers are cautioning about a surge in phishing attacks targeting cryptocurrency wallets, utilizing a technique to drain multiple blockchain networks. Notably, a group called Angel Drainer offers a “scam-as-a-service” for a percentage of stolen assets. To combat this, users are advised to use hardware wallets, verify smart contracts, and … Read more

Crypto scammers abuse Twitter ‘feature’ to impersonate high-profile accounts

December 21, 2023 at 04:15AM Cryptocurrency scammers are exploiting a Twitter “feature” to create deceptive URLs that appear to belong to legitimate accounts, redirecting users to unrelated posts promoting crypto scams, fake giveaways, and fraudulent channels. This technique targets high-profile accounts and could potentially lead to theft of crypto assets and NFTs. Users are advised … Read more

Internationalizing Efforts to Counter Tech Support Scams

December 6, 2023 at 09:03AM The CBI, supported by Microsoft and Amazon, raided illegal call centers in India targeting tech support fraud, costing global victims over $1 billion. Education and proactive measures, such as Microsoft’s DCU investigations, are key to tackling these scams. The Cybercrime Atlas initiative by the World Economic Forum aims to enhance … Read more