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Report: Big U.S. Banks Are Stiffing Account Takeover Victims

Krebs on Security

consumers have their online bank accounts hijacked and plundered by hackers, U.S. But new data released this week suggests that for some of the nation’s largest banks, reimbursing account takeover victims has become more the exception than the rule. In the case of Zelle scams, the answer is yes. ” Sen.

Banking 292
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The Impact of AI on Social Engineering Cyber Attacks

SecureWorld News

Social engineering attacks have long been a threat to businesses worldwide, statistically comprising roughly 98% of cyberattacks worldwide. Given the much more psychologically focused and methodical ways that social engineering attacks can be conducted, it makes spotting them hard to do.

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A Clear and Present Need: Bolster Your Identity Security with Threat Detection and Response

Duo's Security Blog

Security professionals agree that passwords are low hanging fruit for cybercriminals and can even be the keys to the kingdom when the compromised passwords belong to privileged accounts. Add to this, the risks of weak authentication factors such as SMS one-time passcodes and dormant or inactive accounts.

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Microsoft: Slow MFA adoption presents “dangerous mismatch” in security

Malwarebytes

That leaves 78 percent that only require usernames and passwords to authenticate account users. billion account hijacking attempts using brute-forced stolen passwords. ” This claim was backed up by Grzegorz Milka, a Google software engineer who presented at the Usenix’s Enigma 2018 security conference.

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The Risk of Weak Online Banking Passwords

Krebs on Security

If you bank online and choose weak or re-used passwords, there’s a decent chance your account could be pilfered by cyberthieves — even if your bank offers multi-factor authentication as part of its login process. Crooks are constantly probing bank Web sites for customer accounts protected by weak or recycled passwords.

Banking 258
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Unmasking Emotional Triggers in Social Engineering Attacks

Security Through Education

Your account has been compromised,” “your package could not be delivered,” “you received a credit of $2,000 on your Paypal.” However, emotional triggers in social engineering attacks exploit a wide range of emotions – such as fear, greed, sympathy, curiosity, and authority. Have you ever received a message like this?

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Elevating Your Defenses with NetSPI’s Updated Social Engineering Solutions 

NetSpi Executives

Although many companies are adding new processes, technologies, and training materials to combat this, employees continue to fall victim to phishing, vishing, and other forms of social engineering attacks. For further information on each of our unique Social Engineering Pentesting solutions, check out our data sheet or contact us.