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Scams use deception to steal money, credentials, or sensitive data, making them a cybersecurity risk for individuals and organizations.

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Scams are deceptive schemes intended to make people surrender money, credentials, sensitive information, or access. In information security, they commonly use phishing messages, impersonation, fraudulent websites, business-email compromise, fake technical support, or malicious attachments. Their defining feature is manipulation: the attacker creates a credible pretext and pressures the target to act before verifying the request.

Security teams should treat scams as an attack surface spanning email, messaging, telephone calls, social media, and payment workflows. Material risks include account takeover through stolen credentials, unauthorized payments, disclosure of personal or company data, and malware execution from deceptive content. Useful controls include phishing-resistant authentication, secure payment-change procedures with independent verification, filtering and domain protections, user training focused on reporting, and rapid review of suspicious messages or transactions. Incident handling may require revoking sessions, resetting credentials, contacting financial institutions, preserving evidence, and notifying affected parties where applicable.

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Multi-Line Insurance Company Warns Customers of Potential ScamsErie Indemnity Company, which offers a wide range of insurance including Medicare supplements and cyber coverage, has notified the U.S. Securities and Exchange Commission that it has been responding to a cyber incident since last weekend. The company is also warning customers of potential scams.

Multi-Line Insurance Company Warns Customers of Potential ScamsErie Indemnity Corp., which offers a wide range of insurance including Medicare supplements and cyber coverage, has notified the U.S. Securities and Exchange Commission that it has been responding to a cyber incident since last weekend. The company is also warning customers of potential scams.

Bank Info Security 1 year, 1 month ago

Cryptohack Roundup: Evita Founder Charged in $530M Case

Also: 5 Guilty Pleas in Cambodia-linked $36.9 Million ScamEvery week, ISMG rounds up cybersecurity incidents in digital assets. This week, charges against a crypto firm founder in a $530M sanctions evasion and money laundering case, guilty pleas in a $36.9M scam, an $8.3M exploit of Alex Lab, and Cetus Protocol relaunched after a $223M hack.