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Latest coverage for Scam

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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Bank Info Security 2 years, 5 months ago

Watching the Watchdog: Learning from HHS' Grant Payment Mess

Tight-Lipped Agency's Next Move in Wake of $7.5M Scam Could Be TellingRumors are swirling about how the Department of Health and Human Services lost about $7.5 million in grant payments through a series of cyberattacks last year, including speculation over whether the incidents involved sophisticated AI-augmented spear-phishing or more commonplace fraud schemes.

Bank Info Security 2 years, 5 months ago

UK Intelligence Agency Warns of Mounting AI Cyberthreat

British Lawmakers Call on Government to Boost Protections From AI ScamsGenerative artificial intelligence-enabled ransomware and nation-state hacks in the United Kingdom are "almost certainly" likely to surge after this year, the National Cyber Security Center warned. And British lawmakers called on the government to roll out measures to prevent AI scams.

Bank Info Security 2 years, 5 months ago

Hackers Used SIM Swapping to Breach US SEC X Account

Hackers Spread Fake News About SEC Approving Spot Bitcoin Exchange-Traded FundIt wasn't a sophisticated hack on Jan. 9 that allowed hackers to briefly take control of an official U.S. Securities and Exchange Commission social media account, the agency said Monday. The hackers simply scammed the account's mobile phone provider in a SIM swap attack.

Bank Info Security 2 years, 5 months ago

Report: Hackers Scammed $7.5M From HHS Grant Payment System

Money Meant for Poor Communities Stolen as Authorities Issued Phishing Scam AlertsHackers have reportedly stolen about $7.5 million from a Department of Health and Human Services grant payment system in a series of cyberattacks last year. The news comes in the midst of HHS and other authorities warnings about rising threats involving social engineering and payment scams.