Remove 2020 Remove Identity Theft Remove Social Engineering
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Half of Americans Experienced Identity Theft During COVID-19 Pandemic, New Study Shows

Hot for Security

A new report uncovers a striking pervasiveness of identity theft perpetrated against U.S. consumers experienced identity theft between 2019 and 2020. the unauthorized use of one’s identity to apply for an account), and 38% experienced account takeover (i.e.,

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Solving Identity Theft Problems: 5 Actionable Tips

CyberSecurity Insiders

Identity theft (or ID theft) is not a new problem, but in today’s well-connected society it is a problem that grows at an incredible rate. . Put in a few words, ID theft is when someone pretends to be someone else, using their credentials and taking various actions in their name. 4: Educate Yourself.

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Understanding the Deepfake Threat

SecureWorld News

While initially popularized in entertainment and satire, cybercriminals now weaponize this technology for fraud, identity theft, and corporate deception. Evolution of social engineering Social engineering exploits human psychology to manipulate individuals into revealing sensitive information or taking harmful actions.

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Fla. Man Charged in SIM-Swapping Spree is Key Suspect in Hacker Groups Oktapus, Scattered Spider

Krebs on Security

authorities arrested a 19-year-old Florida man charged with wire fraud, aggravated identity theft, and conspiring with others to use SIM-swapping to steal cryptocurrency. The vulnerability exploited by the intruders was patched back in 2020, but the employee never updated his Plex software. 9, 2024, U.S. Twilio disclosed in Aug.

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Identity Fraud Losses Soared to $56 Billion in 2020, Javelin Researchers Find

Hot for Security

Fraud losses climbed to $56 billion in 2020 and identity fraud scams accounted for a staggering $43 billion of that cost, according to a new report. As consumers relied increasingly on digital payment products during 2020, identity fraud scams kept pace with this shift in behavior, the report reveals.

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BEC Is 62 Times More Profitable than Ransomware, IC3 Finds

Hot for Security

According to the report , in 2020 the IC3 received 19,369 business email compromise (BEC) / email account compromise (EAC) complaints “with adjusted losses of over $1.8 million in 2020. Losses registered in 2020 totaled $4.2 On the ransomware front, the IC3 received 2,474 complaints with adjusted losses of over $29.1

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Data Watchdog orders €9m penalty on telecom company for hiding cyber attack

CyberSecurity Insiders

A Greece-based company that owns Cosmote and OTE was slapped with a €9 million penalty for failing to inform its customers that their data was stolen in a sophisticated cyber attack that occurred in 2020. Security analysts claim that often such info is reused in identity theft attacks that have risen at an enormous rate since March 2020.