Deepfakes are forged images, audio, and videos that are created using Artificial Intelligence (AI), and Machine Learning technologies. According to the World Economic Forum (WEF), deepfake videos are increasing at an annual rate of 900%, and recent technological advances have made it easier to produce them. VMware states that two out of three defenders report that deepfakes were used as a part of an attack to influence operations, or to launch disinformation campaigns.

Read also: GoDaddy reveals multi-year security breach, hackers targeted Asia-based data centers used by major global firms, and more.

As the world grows increasingly digital and dependent on the internet, cyberthreats are constantly evolving to clash with newer and more rigid security features. Despite cybercriminals’ propensity for finding new and innovative ways to take advantage of their targets, however, there are also tactics that have been in use since the early days of the internet.

Did you know that Apple Pay has a $2500 apple cash card limit? If someone steals your credit card information from an online purchase, they can’t use it to buy over $2500 worth of goods. These card scams are getting common these days. Therefore, a company needs to go through PCI DSS penetration testing to have cyber security compliance.

The fact that scammers haunt Facebook and Twitter is not surprising. Even so, digital criminals don’t stop with just those two platforms. They’re also known to stalk users on LinkedIn where connections carry greater professional gravity. Fortunately, users can stay alert of such activity by familiarizing themselves with the most common types of LinkedIn scams. In no particular order, here are five such ruses that should be on everyone’s radar.

About ten years ago, a new generation of banks entirely transitioned to digital operations. Neobanks, which are banks that only do business online and have no physical locations, cater to specific consumers’ demands by providing more convenience and reduced transaction costs. However, for these newer, online-first institutions, digital banking fraud can be particularly difficult.

With Valentines Day being today, it’s important to look at the risk factors as well as celebrating the occasion. This time of year is the ultimate peak of online scams from catfishing to identity theft and many more. It’s crucial to be aware of these scams and how they are calculated. This blog & podcast covers the top common online dating scams and how to identify them.

It’s Valentine’s Day and love is in the air. Flowers, candy, cards and dinner are some of the classic ways we show our love on this day. But as an increasing number of people look for love online, it’s a good time for a reminder that more people lose more money in online romance scams than in any other fraud category. According to the FBI, over the past five years $1.3 billion in losses have been reported, with annual losses skyrocketing since the pandemic.

Payment fraud was at an all-time high ‍in 2022, as hackers and scammers took advantage of increasingly sophisticated techniques to access and exploit payment networks. Let’s look at some of the lessons to be learned from the global payment fraud trends of 2022.

UK banking group TSB is calling on social networks and dating apps to better protect their users from fake profiles, following an alarming spike in romance fraud. Examining data from December 2020 - January 2022, TSB determined that romance fraud almost doubled compared to pre-pandemic levels, with a record increase in losses of 91% - averaging £6,100 per incident.