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Romance scams at all-time high: here’s what you need to know

byPaul DucklinThe US Federal Trade Commission (FTC), America’s official consumer protection watchdog, recently warned that romance scammers are making more money than ever before.Victims in the US were tricked out of more than $300 million in 2020, up from $200 million in 2019.The FTC says that the median average financial loss in a romance scam was $2
Publish At:2021-02-16 12:49 | Read:188 | Comments:0 | Tags:Social networks fraud ftc romance scam Scam

Fallen victim to online fraud? Here’s what to do…

byLisa VenturaThis guest post is by Lisa Ventura, founder and CEO of the UK Cyber Security Association, a not-for-profit that raises awareness of the importance of cybersecurity for small and medium-sized businesses.Online fraud is a huge challenge for businesses and consumers alike as cybercriminals continue to develop new mechanisms to separate innocent pa
Publish At:2021-02-12 15:13 | Read:180 | Comments:0 | Tags:Phishing Privacy confidence scams Cybercrime fraud Online Fr

Social Engineering And Social Media: How to Stop Oversharing

You’ve done your due diligence, practice good security hygiene and have the best security tools available. Now, your security posture is strong. But, your plan is only as good as your employees, and they may be letting you down when it comes to being ready for social engineering.   While employees clicking on phishing links still presents a
Publish At:2021-01-13 12:47 | Read:206 | Comments:0 | Tags:Fraud Protection Fraud Phishing Social Media social media en

Card-Not-Present Fraud: 4 Security Considerations for Point of Sale Businesses

As the retail world’s center of gravity shifts to the cloud, payment card fraud has followed suit. According to Verizon’s retail vulnerabilities study, attacks against e-commerce applications are by far the leading cause of retail data breaches. This trend mirrors similar outcomes in other industries, like food service. A complimentary Verizon study finds re
Publish At:2020-12-23 01:50 | Read:314 | Comments:0 | Tags:PCI food services Fraud payment card payment fraud retail se

Does a friend “need money urgently”? Check your facts before paying out…

byPaul DucklinThanks to Naked Security reader M Carter for their help with this article.Last week, we warned of a Facebook Messenger scam that used a bogus video to lure you onto a phoney Facebook login page.In that scam, the crooks were using stolen Messenger passwords to phish for yet more Messenger passwords by sending messages that genuinely seemed to co
Publish At:2020-12-22 15:13 | Read:373 | Comments:0 | Tags:Phishing Privacy fraud phishing Scam

Cyberthreats to financial organizations in 2021

It is hard to believe that a year has gone since our last article on financial attacks and our predictions for 2020. It has been a tough one, but first things first. Let us review the forecasts we made at the end of 2019 and see how accurate we were. Then we will go through the key events of 2020 relating to financial attacks. Finally, we need to make a fore
Publish At:2020-11-30 07:55 | Read:547 | Comments:0 | Tags:Featured Kaspersky Security Bulletin ATM attacks Bitcoin Cre

Watch out, WAPDropper malware could subscribe you to premium services

Researchers spotted a new mobile malware dubbed WAPDropper that subscribes users to legitimate premium-rate services. Security researchers from Check Point have spotted a new malware family dubbed WAPDropper that targets mobile phone users to subscribe them to legitimate premium-rate services. Check Point experts observed the WAPDropper subscribing una
Publish At:2020-11-25 11:12 | Read:334 | Comments:0 | Tags:Breaking News Malware Mobile fraud Hacking hacking news info

Former Microsoft worker sentenced to nine years in prison for stealing $10+ million

A former Microsoft worker was sentenced to nine years in prison for a scheme to steal $10 million in digital currency. Volodymyr Kvashuk (26), a former Microsoft software engineer, was sentenced this week to nine years in prison for a scheme to steal $10 million in digital currency. Kvashuk is a Ukrainian citizen living in Renton, Washngton, was resp
Publish At:2020-11-11 18:20 | Read:382 | Comments:0 | Tags:Breaking News Cyber Crime Cybercrime fraud Hacking hacking n

Phone scamming – friends don’t let friends get vished!

byPaul DucklinAs regular readers will know, we write up real-world scams fairly frequently on Naked Security.Despite ever more aggressive spam filtering, including blocking some senders outright without even seeing what they’ve got to say, many of us receive a daily crop of outright dishonest and manipulative messages anyway.This sort of spam, better
Publish At:2020-10-26 22:06 | Read:435 | Comments:0 | Tags:Data loss Phishing Spam Cybersecurity Awareness Month fraud

Account Fraud is Killing Streaming Services: What Providers Can Do

The use of online streaming services was already burgeoning well before most of the world started spending so much time at home. The current explosion in the demand for video and music streaming services is cause for celebration in the industry, but it has a dark side. Account fraud, sharing and takeover, enabled by password sharing and identity theft, is e
Publish At:2020-10-21 08:34 | Read:489 | Comments:0 | Tags:Data Protection Fraud Protection Identity & Access Fraud Fra

A week in security (September 28 – October 4)

Last week on Malwarebytes Labs, we dug into what happens when card fraud comes calling, we gave a rundown on some novel ransomware attacks that took advantage of smart coffee makers, and we introduced VideoBytes, our new, monthly series in which we’ll provide video coverage of some of the cybersecurity world’s top stories. In our first week, we g
Publish At:2020-10-05 13:23 | Read:877 | Comments:0 | Tags:A week in security a week in security awis fake fraud malwar

Caught in the payment fraud net: when, not if?

Sometimes, I think there are three certainties in life: death, taxes, and some form of payment fraud. Security reporter Danny Palmer experienced this a little while ago, and has spent a significant amount of time tracking the journey of his card details from the UK to Suriname. His deep-dive confirmed that it is easy to become tangled up in fraud, even if yo
Publish At:2020-09-30 12:27 | Read:589 | Comments:0 | Tags:Cybercrime Privacy atm credit card debit card fraud malware

SMS phishing scam pretends to be Apple “chatbot” – don’t fall for it!

byPaul DucklinAren’t SMSes dead? Aren’t they just plain old text anyway? Surely they’re of no interest to cybercriminals any more?Well, SMSes aren’t dead at all – they’re still widely used because of their simplicity and convenience.Indeed, as a general-purpose short message service – which is literally what the lett
Publish At:2020-09-30 10:45 | Read:624 | Comments:0 | Tags:Apple Phishing fraud phishing Scam smishing SMS

Sports team nearly paid a $1.25m transfer fee… to cybercrooks

byPaul DucklinIf you were about to spend more than a million dollars, how careful would you be about where you sent the money?More importantly, how would you check with the recipient of the money – and how would they check with you – that both ends of the transaction were lined up correctly, with no treachery in between?It’s quite likely yo
Publish At:2020-07-23 14:46 | Read:752 | Comments:0 | Tags:BEC Cybercrime fraud Hushpuppi NCSC

Los Angeles Man Arrested, Charged with PPP Loan Fraud

U.S. law enforcement arrested and charged a man with fraudulently obtaining loans via the Paycheck Protection Program (PPP).On July 16, Acting Assistant Attorney General Brian C. Rabbitt of the Justice Department’s Criminal Division and U.S. Attorney Nicola T. Hanna of the Central District of California announced the arrest of Andrew Marnell, 40, of Los Ange
Publish At:2020-07-17 14:53 | Read:752 | Comments:0 | Tags:Government IT Security and Data Protection arrest Fraud PPP


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