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It’s a typical Monday morning. You’ve just brewed a comforting cup of tea and are about to dive into the weekend sales reports for your online store. As usual, business seems to be booming until a glaring anomaly catches your eye – an alarmingly high number of transaction reversals over the weekend. A sense of unease creeps in as you probe deeper, only to uncover a chilling truth. Your business has become the latest prey to an insidious form of fraud, chargeback fraud.

Picture a quaint, small town enveloped in the tranquility of a peaceful night. The only signs of life are flickering street lamps and the glow from the neighborhood automated teller machine (ATM). You spot someone approach the ATM, withdraw cash and walk away. It all looks so normal. What you don’t realize is that you have just witnessed a fraud attack, specifically, transaction reversal fraud (TRF).

VANCOUVER, B.C. June 15, 2023 – BC Tech is proud to announce the finalists across 9 Technology Impact Award categories who achieved exceptional success in the past year. As BC Tech celebrates the 30th Anniversary of the Technology Impact Awards, this year’s awards celebrates 30 years of innovation in BC.

There are many ways to be socially engineered and phished, including email, websites, social media, SMS texts, chat services, phone calls and in-person. These days, it is hard to sell something online, date or rent a vacation home without being scammed. Scams are everywhere! If there is a way to communicate between two parties, some scammer will try to take advantage of it.

The U.S. Federal Trade Commission (FTC) has published a data spotlight outlining the most common text message scams in 2022. Below are the top five text scams reported by the FTC: Phony bank fraud prevention alerts were the most common type of text scam last year.

If you read the news, you’ve encountered the term “Magecart” multiple times in recent years. The term refers to several hacker organizations that use online skimming methods to steal personal information from websites, most frequently customer information and credit card details on websites that take online payments.

A survey by PasswordManager.com has found that one in three job seekers has fallen for, and responded to, fake job scams over the past two years. “Nearly 4 in 10 respondents, all of whom have searched for a job within the last two years, say they’ve encountered job postings that turned out to be a scam,” the researchers write.

You’re in your favorite coffee shop, which you’ve frequented for years. The barista knows your order by heart – a medium, iced, sugar-free vanilla latte with soy milk. As you pay for your coffee, you casually chat with the staff about the weather, completely oblivious that you’ve just been the victim of fraud.

The French government is taking a stand against the increasing threat of digital warfare. Publicly accusing Russia of conducting an extensive online manipulation campaign, France is fighting back against typosquatting of major media outlets and the French Foreign Ministry. The goal of these fake websites is to spread disinformation and confusion about the ongoing war in Ukraine.

A phishing campaign is using hyperlinked images in order to trick users into visiting malicious sites, according to Jeremy Fuchs at Avanan. The emails contain images that offer gift cards or promotions for Delta or Kohls. “Obfuscation is a gift to hackers,” Fuchs says. “It allows them to pull off a magic trick. It works by hiding the true intent of their message. In this case, it’s a picture. The picture is meant to entice the user to click.

Today, the FBI alerted warned against a new even more disgusting type of sextortion. Previously, these schemes involved coerced or stolen digital material, but now some criminals are using technology to create explicit content from innocent images or videos found online. This information comes from today's alert by the FBI's Internet Crime Complaint Center (IC3).

Forced verification fraud and deepfake fraud are on the rise in the US and Canada, according to researchers at Sumsub. Pavel Goldman-Kalaydin, Sumsub’s Head of AI & ML, explains that forced verification involves bypassing biometric data checks.

If a scammer knows your email address, you should be extra-vigilant about phishing, and secure all your accounts with strong passwords and Multi-Factor Authentication (MFA). If you suspect a scammer has gained access to your email account, you should take steps with your email provider to secure your account and let all your contacts know you have been hacked. Read on to learn more details about what a scammer can do with your email address and how to protect your account.