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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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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 1 year, 8 months ago

Singapore Requires Banks, Telecoms to Prevent Scams

SMS Impersonation Scam Victims Must Be Made WholeSingapore regulators gave banks six months to institute real-time detection tools for blocking impersonation scams or else assume liability for stolen funds. A finalized framework published Thursday also shifts liability onto island-nation telecoms unless they block fraudulent SMS messages

Bank Info Security 1 year, 8 months ago

Meta Tests Facial Recognition to Curb Deepfake Scams

Firm Won't Deploy Feature in the EU, UK Due to Data Collection NormsMeta is rolling out facial recognition technology on its social media platforms to spot scam ads featuring celebrity deepfakes. Meta took down 8,000 of the "celeb bait" scam ads. The feature also aims to verify the identities of users locked out of their Facebook or Instagram accounts.