Fraudsters revive old tactics mixed with modern technology

Threat actors continue to probe the payments ecosystem for vulnerabilities and were successful in conducting fraud schemes affecting multiple financial institutions, technologies, and processes, according to Visa. The resurgence of physical theft Scamm… Continue reading Fraudsters revive old tactics mixed with modern technology

Phishing scams and malicious domains take center stage as the US election approaches

Phishing scams aimed at voters, malicious domain registrations impersonating candidates, and other threat activity designed to exploit unassuming victims take center stage as the US election approaches, according to Fortinet. “As the 2024 US presidenti… Continue reading Phishing scams and malicious domains take center stage as the US election approaches

Hacking the “Bike Angels” System for Moving Bikeshares

I always like a good hack. And this story delivers. Basically, the New York City bikeshare program has a system to reward people who move bicycles from full stations to empty ones. By deliberately moving bikes to create artificial problems, and exploiting exactly how the system calculates rewards, some people are making a lot of money.

At 10 a.m. on a Tuesday last month, seven Bike Angels descended on the docking station at Broadway and 53rd Street, across from the Ed Sullivan Theater. Each rider used his own special blue key -­- a reward from Citi Bike—­ to unlock a bike. He rode it one block east, to Seventh Avenue. He docked, ran back to Broadway, unlocked another bike and made the trip again…

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Phishing in focus: Disinformation, election and identity fraud

The frequency of phishing attacks is rising as attackers increasingly utilize AI to execute more scams than ever before. In this Help Net Security video, Abhilash Garimella, Head Of Research at Bolster, discusses how phishing scams are now being hosted… Continue reading Phishing in focus: Disinformation, election and identity fraud

Online scam cycles are getting shorter and more effective, Chainalysis finds 

As enforcement and attribution have improved, scammers are ditching static infrastructure and drawn-out schemes for shorter campaigns that use disposable assets. 

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