Security | Threat Detection | Cyberattacks | DevSecOps | Compliance

July 2024

knowbe4

Organizations Prepare for More Evolved AI-Based Cyber Attacks as Deepfakes Become Top Concern

Jul 30, 2024 By Stu Sjouwerman In KnowBe4
New data on how the threat of AI in cyber crime is being seen as a growing risk provides insight into how organizations are shifting from reaction to prevention. According to endpoint security vendor Deep Instinct’s Voice of SecOps report, 97% of organizations are concerned they will suffer a security incident as a result of adversarial AI. The advent of new malicious LLM-based AI platforms are allowing cybercriminals to get their hands on sophisticated tech and create convincing deepfakes.
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netskope

Combating Misinformation and Deep Fakes in Elections and Business: Q&A with David Fairman & Shamla Naidoo

Jul 26, 2024 By Emily Wearmouth In Netskope
Technological advances in how we create and consume media have repeatedly transformed how election campaigns are fought: social media, TV and radio were all revolutions in their times.There have always been concerns about the impact these new technologies would have on democracy: the Milwaukee Journal worried following the first televised presidential debate, in 1960, that “American Presidential campaigning will never be the same again.” Perhaps they were right…
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idstrong

Avoiding Scams During the 2024 Paris Olympics

Jul 26, 2024 By IDStrong In IDStrong
Breakdancing is coming to the world stage while French citizens stage a creative protest with the hashtag “JeChieDansLaSeineLe23Juin.” We’ll leave the dirty research on that to you. Regardless, the ramp-up to the 2024 Paris Olympics is proving to be an exciting and controversial affair. However, the Olympic call isn’t reserved for top athletes and sports enthusiasts. It’s also a prime opportunity for scam artists and fraudsters to exploit an influx of tourists.
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Internxt

Geek Squad Scam 2024: What Is It and How to Prevent It

Jul 25, 2024 By Mia Naumoska In Internxt
One of the recent email scams of the past few months is the Geek Squad scam. Similar to other phishing scams, this scam involves cybercriminals impersonating Geek Squad - a trusted tech support team from the American company Best Buy. As we learn more about the Geek Squad scam, including what it is and how to spot and prevent it, you will be able to protect yourself from it and learn techniques to defend yourself against present and future scams.
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knowbe4

Is Your Bank Really Calling? How to Protect Yourself from Financial Impersonation Fraud

Jul 23, 2024 By Anna Collard In KnowBe4
Protecting your financial information has never been more crucial. With the rise of sophisticated scams, it's becoming increasingly difficult to distinguish between legitimate bank communications and fraudulent attempts to access your accounts. So, how can you be sure it's really your bank contacting you? The Vulnerability of Personal Information First, it's important to understand that our personal details are more accessible than we might think.
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bluevoyant

Sky-High Stakes: Combating Cyber Fraud in the Aviation Industry

Jul 23, 2024 By Andrea Feldman In BlueVoyant
Fraudulent cyber attacks targeting the airline industry are a common issue largely seen coming out of the underground, such as the deep and dark web. According to RSA Security, airlines are the industry most affected by online fraud, accounting for 46% of fraudulent transactions. As a result, the financial costs for airlines are huge with losses due to fraud estimated at 1.2% of the total global airline revenue.
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keeper

UPS Text Scam Examples

Jul 22, 2024 By Ashley D'Andrea In Keeper
Some examples of UPS text scams include confirming details about a fake delivery, fake package delivery notifications, fake package delivery fee requests, fraudulent suspicious activity on your UPS account or an error with a delivery. According to the Federal Trade Commission (FTC), in 2023, over $650 million was lost to imposter scams, including UPS text scams. Keep reading to find out what different UPS text scams look like and how you can stay protected against this kind of scam.
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vista infosec

The Role of PCBs in Cybersecurity

Jul 19, 2024 By Narendra Sahoo In VISTA InfoSec
As fraudsters are continuously finding new ways to strike, we’re continuously finding new ways to prevent them with controls such as encryption, multi-factor authentication, fraud detection software, etc. But not everyone is aware that it all begins with how electronic devices are designed. With the way Printed Circuit Boards (PCBs) are laid out and built, to be precise. This assembly is far more important for cybersecurity than you might think.
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idstrong

Door-To-Door Scams: Common Types and How They Work

Jul 19, 2024 By Steven In IDStrong
Over the years, door-to-door scams have become rampant, targeting unsuspicious homeowners with various tactics. The door-to-door scam involves individuals disguising themselves as sales representatives or service providers to access people's homes to gain personally identifiable information like social security numbers, properties, or money. There are various door-to-door scams, and understanding how they work is crucial to protecting oneself and the community.
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securitysenses

The Importance of Know Your Business (KYB) in the Fintech World

Jul 19, 2024 By SecuritySenses In SecuritySenses
In the dynamic and rapidly evolving fintech industry, regulatory compliance and risk management are crucial for maintaining trust and ensuring sustainability. One critical component of this regulatory framework is the Know Your Business (KYB) process. KYB involves verifying the legitimacy and credentials of business clients and partners, ensuring they are who they claim to be, and assessing their potential risks. In the fintech world, KYB is essential for mitigating fraud, ensuring compliance with regulations, and fostering a trustworthy ecosystem.
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idstrong

Pyramid Scheme: What Is it and How Does It Work?

Jul 18, 2024 By Steven In IDStrong
Pyramid schemes are one of the world's most well-known forms of financial fraud. For many years, they have victimized people who trust the promises of quickly making easy and significant profits. The frightening thing about these schemes is that they are built on a "business model" doomed to collapse. It is essential to understand what principles the pyramid operates in to be able to reveal and then avoid involvement in such a scam.
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keeper

How to Spot and Avoid Grandparent Scams

Jul 16, 2024 By Ashley D'Andrea In Keeper
Grandparent scams happen when a cybercriminal impersonates a victim’s family member, such as a grandchild, to convince them that there is an emergency. Despite the name of this scam, the victim doesn’t always have to be a grandparent or grandchild. The primary goal of these scams is to extort money from a victim by pretending that their loved one is in danger.
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idstrong

What is a Ponzi Schemes: History and Examples

Jul 16, 2024 By Steven In IDStrong
Ponzo schemes continue to grow in complexity and notoriety. These schemes are not transactions or one-time hacks. “Ponzi schemes are fraudulent business operations that promise high returns with little or no risk, claiming investors' money will go towards a legitimate investment.” Investors believe they will score huge returns from their initial investment, yet most only realize once it is too late that the entire scheme is doomed to fail from the beginning.
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idstrong

How to Stay Away from LinkedIn Scams

Jul 16, 2024 By Steven In IDStrong
LinkedIn is the world's largest professional networking service for accountants, policemen, politicians, advertising professionals, business executives, college students, investment bankers, and consultants. Most use LinkedIn to connect with others and help with career development, new business contacts, and professional networking. However, job scams and other online cybercriminals use LinkedIn features for fraudulent activities.
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idstrong

What Is Google Chat Scam and How to Spot and Stop It

Jul 16, 2024 By Steven In IDStrong
Google Chat is a popular communication software that allows you to share content and send messages in real time. Individuals use it for personal communication or collaboration with teams at work. However, as its popularity is increasing, people are using it as their primary form of communication.
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tripwire

5 Tips for Spotting and Avoiding Pig Butchering Scams

Jul 15, 2024 By Martina Dove In Tripwire
Pig butchering scams came onto the scene a few years ago and have been gaining momentum ever since. A unique take on an old classic, pig butchering is a typical investment scam with a romantic or relationship-based twist. The large sums of "invested" money are typically funneled into fake crypto apps where they are promptly lost.
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keeper

How To Protect Yourself from Tech-Support Scams

Jul 12, 2024 By Aranza Trevino In Keeper
You can stay protected against tech-support scams by learning to spot them and following tips to avoid them, such as never answering unsolicited calls from unknown numbers, never giving someone remote access to your computer and not clicking on malicious advertisements. Continue reading to learn more about how you can protect yourself against tech-support scams and what to do if you’ve fallen for this type of scam.
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manageengine

Top tips: 5 ways to identify fraud calls and prevent financial loss

Jul 11, 2024 By General In ManageEngine
Top tips is a weekly column where we highlight what’s trending in the tech world today and list out ways to explore these trends. This week, we’re showing you how to spot a fraud call and avoid getting scammed. Microsoft, AT&T, the FBI, and the IRS—what do these four entities have in common? Most likely, you or someone you know has received a call from somebody impersonating these entities.
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foresiet

Massive Fraud Campaign Uses 700+ Domains to Scam Olympic Games Ticket Buyers

Jul 11, 2024 By Foresiet In Foresiet
A large-scale fraud operation, dubbed "Ticket Heist," is exploiting over 700 domain names to sell fake tickets for the upcoming Summer Olympics in Paris. This campaign, which appears to predominantly target Russian-speaking users, extends beyond the Olympics to other major sports and music events, posing a significant risk to potential ticket buyers. Details of the Ticket Heist Campaign.
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keeper

Pretexting Scam Examples

Jul 11, 2024 By Keeper In Keeper
Pretexting is a type of social engineering attack in which the scammer manipulates their target into sharing private information or sending money by making up a story. Pretexting can occur on the phone, via text message, through email or in person. The goal of pretexting scams is typically to infect your device with malware, steal your money, breach private data and more.
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teramind

18 Types of Employee Fraud & How To Prevent Them

Jul 11, 2024 By Teramind In Teramind
Employee fraud is not just a rare occurrence, but a prevalent issue in the American workplace. Shockingly, three out of four employees have confessed to stealing from their workplace at least once for personal gain. The types of fraud are diverse, ranging from petty theft to complex schemes involving benefits, accounts receivable fraud, or intellectual property. The risk of employee fraud affects both small and large businesses.
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knowbe4

Amazon-Related Scams Spike Ahead of Prime Day

Jul 9, 2024 By Stu Sjouwerman In KnowBe4
Researchers at Check Point observed more than a thousand newly registered malicious or suspicious web domains related to Amazon last month. The criminals are likely gearing up to target users during Amazon Prime Day next week. “While Prime Day offers incredible savings, it is crucial for shoppers to remain vigilant, exercise caution while clicking on links or providing sensitive information, and ensure they are navigating legitimate platforms,” the researchers write.
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keeper

Common WhatsApp Scams and How To Avoid Them in 2024

Jul 8, 2024 By Keeper In Keeper
WhatsApp is a messaging app that enables users to message and voice call other WhatsApp users. Many people from all over the world use WhatsApp to communicate. This has made it a common platform for scammers to target people. Some of the most common scams on WhatsApp include an invitation to “WhatsApp Gold,” impersonation scams, WhatsApp tech support scams, as well as charity and romance scams.
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knowbe4

Don't Fall for It: How to Spot Social Media Job Scams a Mile Away

Jul 5, 2024 By Anna Collard In KnowBe4
As social media becomes more intertwined with our daily routines, cybercriminals are using it to trick people with fake job offers. What are these social-media recruitment scams, and how can you spot the red flags? With unemployment surging in many countries around the world, in particular countries like South Africa, which is currently at the top of the highest unemployment list in the world at over 32%, it’s no wonder that scams targeting job seekers are becoming more common.
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netacea

Follow the Crypto Part 1: Why Fraud Teams Should Investigate Crypto Transactions

Jul 4, 2024 By Threat Research Team In Netacea
Nowadays, cryptocurrency is a buzzword in society. It’s mostly seen as a high-risk investment or associated with fast profit-making schemes. Despite this, its adoption has surged in recent years, and according to crypto.com, the number of cryptocurrency holders has now hit 580 million. Unfortunately, not all of them hold it for legitimate reasons. We are at a juncture where criminals have the knowledge, services, and tools to channel their illicit profits through cryptocurrencies.
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securitysenses

Understanding iGaming Payment Fraud Risks in Africa

Jul 3, 2024 By SecuritySenses In SecuritySenses
If you're engaged with the iGaming community, do you consider the fraud risks associated with online payments in Africa? As the iGaming sector expands across the continent, understanding the challenges of securing transactions and safeguarding personal information is crucial.
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