Phishing Attacks Target Brokerage Accounts to Manipulate Stock Prices
Professional phishing groups are targeting customers of brokerage firms in order to manipulate stock prices, KrebsOnSecurity reports. The attackers use a technique called “ramp and dump” to profit from the scheme. “With ramp and dump, the scammers do not need to rely on ginning up interest in the targeted stock on social media,” Krebs explains.