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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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Most of this week’s threats didn’t rely on new tricks. They relied on familiar systems behaving exactly as designed, just in the wrong hands. Ordinary files, routine services, and trusted workflows were enough to open doors without forcing them

Phishing campaign tries to reel in master passwords Password managers make great targets for attackers because they can hold many of the keys to your kingdom. Now, LastPass has warned customers about phishing emails claiming that action is required ahead of scheduled maintenance and told them not to fall for the scam. …

Bank Info Security 5 months, 3 weeks ago

$12B Scam Market Tudou Guarantee Shuts Down

Telegram-Based Marketplace Closes After Prince Group Founder's ArrestTelegram marketplace Tudou Guarantee, which processed over $12 billion in fraud transactions, has ceased operations following the arrest of Prince Group chairman Chen Zhi, who was extradited to China in January. Elliptic said it was the third-largest illicit marketplace of all time.