cybercrime
Scammers using social media to dupe people into becoming money mules
Fraudsters are taking advantage of the widening fraud knowledge gap, outlining the urgent need for banks to educate and protect their customers with technology, according to …
Outdated cybersecurity practices leave door open for criminals
Organizations experienced a significant increase in ransomware – from an average of four attacks over five years in 2021 versus four attacks over the course of one year in …
Quantifying cyber risk vital for business survival
Healthcare, manufacturing, and utilities are suffering long-term financial impact of major cyber attacks, according to ThreatConnect. “With the National Cyber Strategy coming …
AI tools like ChatGPT expected to fuel BEC attacks
Across all BEC attacks seen over the past year, 57% relied on language as the main attack vector to get them in front of unsuspecting employees, according to Armorblox. In …
Tactics that make crypto giveaway scams so successful
The illicit market for crypto giveaway scams has expanded, offering various services to facilitate fraudulent activity. The proliferation of fake crypto giveaways can be …
The new weakest link in the cybersecurity chain
It used to be that people were the greatest cybersecurity vulnerability, but this is no longer true. The rise of the internet made people more connected than ever. Attackers …
Criminal businesses adopt corporate behavior as they grow
As criminal groups increase in size, they adopt corporate-like behavior, but this shift brings about its own set of challenges and costs, according to Trend Micro. “The …
Cybercriminals use simple trick to obtain personal data
People reveal more personal information when you ask them the same questions a second time – according to new research from the University of East Anglia. A new study reveals …
Cyberthreats take a toll on IT teams’ work on other projects
93% of organizations find the execution of some essential security operation tasks, such as threat hunting, challenging, according to Sophos. IT professionals face challenging …
Resecurity uncovers STYX, new cybercriminal platform focused on financial fraud
Resecurity has recently identified the STYX Innovation Marketplace, a new cybercriminal e-commerce platform with a specialized focus on financial fraud and money laundering. …
DoJ cracks down on cryptocurrency fraud, seizes $112 million in linked funds
The Department of Justice (DoJ) declared the confiscation of digital currency valued at approximately $112 million connected to fraudulent cryptocurrency investments. …
Europol details ChatGPT’s potential for criminal abuse
With the increased public interest in ChatGPT, the Europol Innovation Lab took the matter seriously and conducted a series of workshops involving subject matter experts from …
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