Authorities break up gang responsible for €38 million CEO fraud

A joint investigation supported by Europol has led to the dismantling of a Franco-Israeli criminal gang involved in large-scale CEO fraud (also known as BEC scams). The operational activities resulted in five action days, which took place between Janua… Continue reading Authorities break up gang responsible for €38 million CEO fraud

Generative AI: A benefit and a hazard

If there’s one thing people will remember about AI advances in 2022, it’ll be the advent of sophisticated generative models: DALL.E 2, Stable Diffusion, Midjourney, ChatGPT. They all made headlines – and they will change the way we wo… Continue reading Generative AI: A benefit and a hazard

Reported phishing attacks have quintupled

The third quarter of 2022, APWG observed 1,270,883 total phishing attacks — is the worst quarter for phishing that APWG has ever observed. The total for August 2022 was 430,141 phishing sites, the highest monthly total ever reported to APWG. Over recen… Continue reading Reported phishing attacks have quintupled

3 important changes in how data will be used and treated

Regula has presented their vision of the developments that will shape the industry’s landscape in 2023. Deepfakes, new cyber-hygiene norms, and demand for mature ID verification platforms are among some of the predictions for the next year. While more … Continue reading 3 important changes in how data will be used and treated

What happens once scammers receive funds from their victims

In this Help Net Security video, Ronnie Tokazowski, Principal Threat Advisor at Cofense, offers insight into the world’s most lucrative cybercrime – business email compromise (BEC). The Cofense team recently purchased $500 worth of trackable gift… Continue reading What happens once scammers receive funds from their victims

Cybercriminals are scamming each other, tipping off law enforcement

Cybercriminals are scamming each other out of millions of dollars and use arbitration to settle disputes about the scams, according to Sophos. For this report, Sophos experts investigated two Russian-language cybercrime forums that provide Access-as-a-… Continue reading Cybercriminals are scamming each other, tipping off law enforcement

Economic uncertainty will greatly impact the spread of cybercrime

Norton released its top cyber trends to watch in 2023, emphasizing that the economy will have the greatest impact on the spread of cybercrime next year. Experts predict the pressures associated with economic uncertainty and rising costs will create the… Continue reading Economic uncertainty will greatly impact the spread of cybercrime

Predatory loan mobile apps grab data, harass users and their contacts

Lookout researchers have discovered nearly 300 Android and iOS apps that trick victims into unfair loan terms, exfiltrate excessive user data from mobile devices, and then use it to pressure and shame the victims for repayment. Aimed at consumers in de… Continue reading Predatory loan mobile apps grab data, harass users and their contacts