Attack methods using hybrid bots enable criminals to open mule accounts at scale

During the first half of 2022, BioCatch data reveals that money mule accounts represent up to 0.3 percent of accounts held by financial institutions, and an estimated $3 billion in fraudulent financial transfers. According to the Federal Deposit Insura… Continue reading Attack methods using hybrid bots enable criminals to open mule accounts at scale

Fraud trends and scam tactics consumers should be aware of

If it seems like you’re receiving more spam than normal, you probably are. Seventy-four percent of consumers say they have received a scam text so far this year, while as many as 83% have received a scam phone call, according to Allstate Identity Prote… Continue reading Fraud trends and scam tactics consumers should be aware of

Summer holiday season fuels upswing of travel-themed spam

With Covid-19-related travel restrictions having been dropped by most countries, pleasure-seeking travelers are booking plane tickets, accomodations and tours with a vengeance. Phishers, scammers and malware peddlers are ready to take advantage of the … Continue reading Summer holiday season fuels upswing of travel-themed spam

57% of all digital crimes in 2021 were scams

Group-IB shares its analysis of the landscape of the most widespread cyber threat in the world: scams. Accounting for 57% of all financially motivated cybercrime, the scam industry is becoming more structured and involves more and more parties divided … Continue reading 57% of all digital crimes in 2021 were scams

$39.5 billion lost to phone scams in last year

Truecaller announced a research conducted in partnership with The Harris Poll in March of 2022, and the findings detail trends/insights on the impact of spam and phone scams that have increasingly permeated the U.S. over the last 12 months. The study e… Continue reading $39.5 billion lost to phone scams in last year

Keeping pace with emerging threats: The roundup

Egress issued its mid-year 2022 threat report offering details of emerging threats along with insights about protecting employees, customers, and businesses from these specific cyberattacks. The report provides comprehensive details about threats assoc… Continue reading Keeping pace with emerging threats: The roundup

Vishing cases reach all time high

Vishing (voice phishing) cases have increased almost 550 percent over the last twelve months (Q1 2022 to Q1 2021), according to the latest Quarterly Threat Trends & Intelligence Report from Agari and PhishLabs. In Q1 2022, Agari and PhishLabs dete… Continue reading Vishing cases reach all time high

Cybercriminals deliver IRS tax scams and phishing campaigns by mimicking government vendors

Cybercriminals are leveraging advanced tactics in their phishing-kits granting them a high delivery success rate of spoofed e-mails which contain malicious attachments right before the end of the 2021 IRS income tax return deadline in the U.S. April 18… Continue reading Cybercriminals deliver IRS tax scams and phishing campaigns by mimicking government vendors