Email scams known as "CEO Fraud" are very common right now. They are a type of "Business Email Compromise" (BEC). There have been numerous recent cases reported in the media, and we too, are seeing many reports by our customers. One customer described these attacks as 'rampant'. The US FBI recently put the estimate of losses in 2015 associated with BEC frauds in the hundreds of millions of dollars.
Fraudsters are spreading scams on Facebook that pose as ads for legitimate AI tools, according to researchers at Check Point. The Facebook pages impersonate ChatGPT, Google Bard, Midjourney, Jasper, and more.
Scammers are taking advantage of the popularity of the Barbie movie, according to researchers at McAfee. “In the last 3 weeks, we’ve seen 100 new instances of malware that have Barbie-related filenames,” the researchers write. “Once again, this shows how attackers have latched onto the movie’s hype, hoping the people will click the malicious files because the Barbie name is trending. The types of files varied but included typical types such as.html and.exe.
Read also: BreachForum’s admin pleads guilty to three charges, Genesis Market gets a new owner, and more.
We're all familiar with tech support scams - where the unwary are tricked into granting remote access to their computers by fraudsters, in the belief that the "tech support person" will fix a non-existent "problem" (such as a "virus infection") or make a refund after claiming that there has been fraudulent activity detected on an account.
Researchers at Veriti have observed hundreds of spoofed domains following Meta’s launch of its Threads social media platform. “In recent weeks, we have observed a surge in the creation of suspicious domains, with over 700 domains related to Threads being registered daily,” the researchers write.
Job scams are a rising form of socially engineered cybercrime. And while it’s easy to imagine the trouble they cause individuals who innocently fall for them (lost opportunities, identity theft, financial loss, and so on) this form of fraud also affects businesses.
A new threat alert from ConsumerAffairs and TrendMicro proves more than just shoppers will take advantage of Amazon’s upcoming Prime Day. As Prime Day approaches on July 11-12, ConsumerAffairs reports on a variety of scams bad actors are expected to use to take advantage of online shoppers looking for a good deal: Trend Micro's research team identified.
Read also: Poly Network hacked for the second time in two years, a massive phone scam disrupted and more.
A bait-and-switch scam is a practice in which a vendor lures in a buyer with a tempting offer for a great product that the vendor does not intend to sell. This usually means advertising a too-good-to-be-true deal which, when the buyer is “baited,” is then “switched” out for a different offer.
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).
