Deepfaked video conference call makes employee send $25 million to scammers

A deepfake video conference call paired with social engineering tricks has led to the theft of over US$25 million from a multinational firm, the South China Morning Post has reported. The scheme and the deepfake video conference call The attack started… Continue reading Deepfaked video conference call makes employee send $25 million to scammers

Online stores may not be as secure as you think

Credit card skimming is on the rise for the holiday shopping season, according to Malwarebytes. Online stores are not always as secure as you might think they are, and yet you need to hand over your valuable credit card information in order to buy anyt… Continue reading Online stores may not be as secure as you think

Legacy authentication leads to growing consumer frustration

Despite widespread usage of passwords lingering on, consumers want to use stronger, more user-friendly alternatives, according to FIDO Alliance. Entering a password manually without any form of additional authentication was the most commonly used authe… Continue reading Legacy authentication leads to growing consumer frustration

$2.7 billion lost to social media scams since 2021

Scams originating on social media have accounted for $2.7 billion in reported losses since 2021, more than any other contact method, according to the Federal Trade Commission. Social media gives scammers an edge in several ways. They can easily manufac… Continue reading $2.7 billion lost to social media scams since 2021