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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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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.

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Cybersecurity researchers have discovered a malicious Android app on the Google Play Store that enabled the threat actors behind it to steal approximately $70,000 in cryptocurrency from victims over a period of nearly five months

Bank Info Security 1 year, 9 months ago

Cryptohack Roundup: BingX, Truflation Exploits

Also: Reimbursements in Banana Gun Hack; Germany Shutters 47 ExchangesThis week, BingX, Truflation, OpenAI X account hacked; Germany shut 47 exchanges; Caroline Ellison sentenced; two got crypto theft charges; one got crypto scam fine; Banana Gun will refund victims; WazirX, Liminal in dispute; SEC settled with TrueCoin, TrustToken; CFTC may settle with Mango Markets.

Krebs on Security 1 year, 9 months ago

Timeshare Owner? The Mexican Drug Cartels Want You

The FBI is warning timeshare owners to be wary of a prevalent telemarketing scam involving a violent Mexican drug cartel that tries to trick elderly people into believing someone wants to buy their property. This is the story of a couple who recently lost more than $50,000 to an ongoing timeshare scam that spans at least two dozen phony escrow, title and realty firms.