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Career Choice Tip: Cybercrime is Mostly Boring

Krebs on Security

But new research suggests that as cybercrime has become dominated by pay-for-service offerings, the vast majority of day-to-day activity needed to support these enterprises is in fact mind-numbingly boring and tedious, and that highlighting this reality may be a far more effective way combat cybercrime and steer offenders toward a better path.

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Social engineering, deception becomes increasingly sophisticated

Security Affairs

Social engineering techniques are becoming increasingly sophisticated and are exploiting multiple emerging means, such as deep fakes. Deepfake technology, what’s it? The human factor must always be considered as the first bastion of defense, even and especially against the most sophisticated cyber attacks.

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

Krebs on Security

technology companies during the summer of 2022. In each attack, the victims saw their email and financial accounts compromised after suffering an unauthorized SIM-swap, wherein attackers transferred each victim’s mobile phone number to a new device that they controlled. 9, 2024, U.S. Image credit: Amitai Cohen of Wiz.

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News alert: Beazley reports on how AI, new tech distract businesses as cyber risk intensifies

The Last Watchdog

London, July 13, 2023 — Beazley, the leading specialist insurer, today published its latest Risk & Resilience report: Spotlight on: Cyber & Technology Risks 2023. The economic impact of cybercrime on business across the globe continues to reach new levels, with the cost predicted to reach US$10.5

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Hong Kong Clerk Defrauded of $25 Million in Sophisticated Deepfake Scam

SecureWorld News

Technologies that synthesize realistic fake media, known as deepfakes, are among the newest tools being deployed to enable fraud. Over multiple transactions, the criminals accumulated $25 million transferred to Hong Kong accounts before the company discovered and reported the fraud.

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Cybercriminals attack banking customers in EU with V3B phishing kit – PhotoTAN and SmartID supported.

Security Affairs

“Currently, it is estimated that hundreds of cybercriminals are using this kit to commit fraud, leaving victims with empty bank accounts. Their Telegram channel has over 1,255 members, a significant indicator of the scale and scope of the malicious activity being promoted by the group. ” reads the report published Resecurity.

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State of Cybercrime 2020: FBI Report

SecureWorld News

Here is the report's opening paragraph: "In 2020, while the American public was focused on protecting our families from a global pandemic and helping others in need, cyber criminals took advantage of an opportunity to profit from our dependence on technology to go on an Internet crime spree. Business Email Compromise 2020.