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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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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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Bank Info Security 9 months, 2 weeks ago

Cryptohack Roundup: White House Pulls CFTC Chair Nom

Also: Texas Brothers Charged in $8M Crypto-Linked Kidnapping CaseThis week, Brian Quintenz won't lead the U.S. CFTC, Canada fined KuCoin $14M, Texas brothers charged in an $8M kidnapping case, South Korean actor given suspended sentence for embezzlement, phishing campaign used robots.txt and an ex-LASD deputy pleaded guilty in a business extortion scam.

Bank Info Security 9 months, 2 weeks ago

Bitcoin Fixer Convicted for Role in Money Laundering Scheme

$7 Billion Illicit Bitcoin Horde: Malaysian National Latest to Plead GuiltyA Malaysian national pleaded guilty Tuesday in an English courtroom to assisting an investment fraud scammer who converted stolen assets into a cryptocurrency treasure trove now worth $7.1 billion, including helping her to evade arrest by lining up assistants and Airbnb rentals in Scotland.

Bank Info Security 9 months, 2 weeks ago

Hour-Long Email Phishing Breach Affects PHI of 150,000

Medication Tech Firm Says Hacking Incident Contained to One Employee Email AccountA Florida firm that offers medication therapy management services to health plans is notifying nearly 150,000 individuals that their information was potentially compromised in a phishing attack affecting one employee's email account for only about an hour. Why do users still fall for phishing scams?