Scams Now Make Up 75% of Cyber-Threats
Norton report warns generative AI is making an impact
Scams use deception to steal money, credentials, or sensitive data, making them a cybersecurity risk for individuals and organizations.
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Background for this topic.
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.
Norton report warns generative AI is making an impact
This blog entry details a scheme that exploits the recent Morocco earthquake by impersonating the domain name of a well-known humanitarian organization for financial fraud.
A linguist analyzes whether GPT will improve the notoriously agrammatical scam — or finally render it a thing of the past.
Part of network of crims who used 'trickery and threats' to target elderly, says US Attorney Two Indian nationals each received 41-month prison sentences for their involvement in $1.2 million worth of robocall scams targeting the elderly, according to the district of New Jersey’s attorney's office on Tuesday.…
Will spend 20 years in prison after selling $88M in ADI software keys A sysadmin and his partner pleaded guilty this week to being part of a "massive" international ring that sold software licenses worth $88 million for "significantly below the wholesale price."…
One in 10 have suffered from fraud in past 12 months
Won't someone please think of the banks? Singapore officials announced on Monday that next month they will deliver a consultation paper detailing a split liability scheme that will mean both consumers and banks are on the hook for financial losses flowing from scams.…
Sophos researchers highlight a highly sophisticated operation utilizing fake trading pools of cryptocurrency from DeFi trading applications
TikTok is flooded by a surge of fake cryptocurrency giveaways posted to the video-sharing platform, with almost all of the videos pretending to be themes based on Elon Musk, Tesla, or SpaceX. [...]