Remove 2016 Remove Scams Remove Social Engineering
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Wanted: Disgruntled Employees to Deploy Ransomware

Krebs on Security

According to the latest figures (PDF) released by the FBI Internet Crime Complaint Center (IC3), the reported losses from BEC scams continue to dwarf other cybercrime loss categories, increasing to $1.86 billion in 2020. . Indeed, perhaps this enterprising Nigerian scammer is just keeping up with current trends.

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How Do You Fight a $12B Fraud Problem? One Scammer at a Time

Krebs on Security

The fraudsters behind the often laughable Nigerian prince email scams have long since branched out into far more serious and lucrative forms of fraud, including account takeovers, phishing, dating scams, and malware deployment. The FBI says BEC scams netted thieves more than $12 billion between 2013 and 2018.

Scams 226
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MY TAKE: What NortonLifeLock’s $8 billion buyout of Avast portends for consumer security

The Last Watchdog

billion in 2016, for instance. In addition, even simple training or quizzes on how to spot a phishing attack will help individuals to avoid being caught up in a scam or a potential attack. Also, one of the top ways attackers can target individuals is via social engineering or phishing. These are eminently complex times.

Antivirus 223
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SHARED INTEL: How ransomware evolved from consumer trickery to deep enterprise hacks

The Last Watchdog

This quirk made the attack look more trustworthy and added a layer of flexibility to these scams. The infamous Locky ransomware was first spotted in the wild in February 2016. CrySiS, also known as Dharma, has been around since 2016 and continues to be active at the time of this publication.

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Happy 13th Birthday, KrebsOnSecurity!

Krebs on Security

The unknown intruders gained access to internal Mailchimp tools and customer data by social engineering employees at the company, and then started sending targeted phishing attacks to owners of Trezor hardware cryptocurrency wallets. com, which was fed by pig butchering scams. In 2016, while the U.S. Even though U.S.

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$43 billion stolen through Business Email Compromise since 2016, reports FBI

Security Boulevard

Over US $43 billion has been lost through Business Email Compromise attacks since 2016, according to data released this week by the FBI. The post $43 billion stolen through Business Email Compromise since 2016, reports FBI appeared first on The State of Security.

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U.S. authorities sanction six Nigerian nationals for BEC and Romance Fraud

Security Affairs

The crooks exploited online tools and technology along with social engineering tactics to target the victims and steal usernames, passwords, and bank accounts. Between early 2015 and September 2016, Uzuh and an accomplice engaged in BEC fraud targeting over 100 businesses in a single. ” continues OFAC.