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.
Fake trading apps on Google Play and Apple's App Store lure victims into "pig butchering" scams that have a global reach. [...]
Fraudsters targeted local government, colleges, and construction firms in Texas and North Carolina Two British-Nigerian men were sentenced for serious business email compromise schemes in the US this week, netting them millions of dollars from local government entities, construction companies, and colleges.…
Researchers see an uptick in crypto-doubling investment scams following the first presidential debate
INTERPOL has announced the arrest of eight individuals in Côte d'Ivoire and Nigeria as part of a crackdown on phishing scams and romance cyber fraud
German Domestic Intelligence Agency Says German Companies Have Fallen For ScamThe German federal domestic intelligence agency is adding to warnings over North Korean IT workers obtaining remote work in Western tech companies. The world's most secretive and repressive regime looks for multiple ways to circumvent strict economic sanctions.
Plus: SpaceX plans Vietnam investment; Yahoo! Japan content moderation secrets; LG offloads Chinese display factory; and more ASIA IN BRIEF It's not often The Register writes about a cryptocurrency outfit being on the right side of a scam or crime, but last week crypto exchange Binance claimed it helped Indian authorities to investigate a scam gaming app.…