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Fraud

Slack phishing attacks using webhooks

Slack is a cloud-based messaging platform that is commonly used in workplace communications. It is feature-rich, offering additional functionality such as video calling and screen sharing in addition to a marketplace containing thousands of third-party applications and add-ons. Slack Incoming Webhooks allow you to post messages from your applications to Slack.

Fraud Detection: WFH Leading to Increased BEC and Phishing Threats - What To Look For

A lot has changed in the past few weeks. And the percentage of us working from home (WFH) has increased tremendously. With increased WFH, we rely more on email communication, and this increases the opportunities for abuse by others. One thing that has stayed constant: bad people want to do bad things. As we have seen in the past, when one avenue of attack is restricted, the fraudsters redouble their efforts in other areas, and online fraud attempts are already increasing during our new normal.

COVID-19 Scam Roundup - March 30, 2020

Many in the digital security community are coming together to combat malicious actors during the coronavirus disease 2019 (COVID-19) global outbreak. One of the most visible of these new efforts is the COVID-19 CTI League. Made up of approximately 400 volunteers living in approximately 40 countries, the COVID-19 CTI League is working to block attackers from health care organizations and other medical facilities at this juncture.

Coronavirus Pandemic: Beware of the Bait Sites

The menace of coronavirus pandemic is accelerating significantly and hackers are capitalizing the element of fear to collect shear currency. They are creating thousands of websites as baits. According to the Check Point Research report, threat actors are registering phony COVID-19-related domains and selling them on discounted off-the-shelf malware on the dark web. In this article, we will delve into some essential details regarding the coronavirus-related bait sites. Here is some help.

COVID-19 Scam Roundup - Week of 3/16/20

Malicious actors are increasingly leveraging COVID-19 as a theme for new digital fraud attacks. In February 2020, for instance, Action Fraud received 21 reports of fraud relating to the coronavirus. This number of reports more than doubled to 46 between March 1 and March 13, 2020. Between March 14 and March 18, 2020, the United Kingdom’s national fraud reporting center collected 38 reports alone. Those 105 reports represented a collective total of £970,000 in losses.

How to Stop Phishing Attacks: Lessons Learned From the JPMorgan Chase SOC Team

Phishing attacks aren’t going away anytime soon. The numbers from Verizon’s 2019 DBIR Report and SANS Institute prove only one thing: When you’ve done all you can to protect against phishing attacks, that means it’s time to do more.

Puerto Rico Government Loses $2.6 Million in Phishing Scam

The government of Puerto Rico has publicly announced that its Industrial Development Company has fallen victim to an email phishing scam. The government-owned corporation transferred $2.6 million to a fraudulent account after reportedly receiving an email that alleged a change to a bank account tied to remittance payments. The transfer was made on January 17, 2019, but officials only found out about the incident earlier this week.

INETCO Insight - Machine Learning and Risk Scoring for Real-time Payment Fraud Detection and Prevention

With The Nilson Report projecting $34.66 billion in global fraud losses by 2022, it is clear that crime syndicates are investing heavily in finding new and more advanced ways of countering the controls organizations are constantly implementing. Financial institutions, retailers, card service providers and acquiring processors are struggling to detect suspicious payment transaction behavior and prevent payment fraud attacks before experiencing major financial loss and customer dissatisfaction.

Puerto Rico government falls for $2.6 million email scam

As if Puerto Rico wasn’t having a hard enough time as it attempts to recover from a recession, the damage caused by devastating hurricanes in recent years, and a damaging earthquake last month, it now finds itself being exploited by cybercriminals. According to media reports, the government of the US island territory has lost more than US $2.6 million after falling for the type of email scam that has plagued companies and organisations around the world.

New PayPal phishing scam seeks to go beyond login credential information

Up until now, some of PayPal users’ greatest fears in terms of cybersecurity were phishing scams aimed at obtaining their login credentials. In January of this year, PayPal confirmed a high-severity bug affecting the login form, with PayPal security investigator, Alex Birsan, finding a javascript file with what looked like a CSRF token and a session ID – which makes login information vulnerable to attackers.