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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, 3 months ago

Breach Roundup: Omni Hotels Acknowledges Cyber Incident

Also: Insurer Predicts Ransomware for Cars, Offers to Cover Towing CostsThis week, Omni, OWASP and MarineMax suffered cyber incidents, Ivanti disclosed flaws, Cisco gave tips to stop password-spraying attacks, a court upheld an FCC ban, India rescued citizens in Cambodia, Americans lost $1.1 billion to impersonation scams, and an insurer introduced a cyber auto policy.

Krebs on Security 2 years, 3 months ago

Fake Lawsuit Threat Exposes Privnote Phishing Sites

A cybercrook who has been setting up websites that mimic the self-destructing message service Privnote.com accidentally exposed the breadth of their operations recently when they threatened to sue a software company. The disclosure revealed a profitable network of phishing sites that behave and look like the real Privnote, except that any messages containing cryptocurrency addresses will be automatically altered to include a different payment address controlled by the scammers.

Bank Info Security 2 years, 3 months ago

The Rising Threat of Fake Business Accounts

Prove's Mary Ann Miller on Strategies for Stronger ID VerificationThe banking and financial services industry will see a growth in scams and frauds perpetrated through fake businesses, incentivizing bad actors to continue creating these fraudulent entities, said Mary Ann Miller, a fraud and cybercrime executive advisor with Prove.