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GUEST ESSAY: Lessons to be learned from the waves of BofA phone number spoofing scams

The Last Watchdog

Phone number spoofing involves manipulating caller ID displays to mimic legitimate phone numbers, giving scammers a deceptive veil of authenticity. Related: The rise of ‘SMS toll fraud’ The Bank of America scam serves as a prime example of how criminals exploit this technique.

Scams 189
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NY Man Pleads Guilty in $20 Million SIM Swap Theft

Krebs on Security

Unauthorized SIM swaps often are perpetrated by fraudsters who have already stolen or phished a target’s password, as many financial institutions and online services rely on text messages to send users a one-time code for multi-factor authentication. “He at the very least withdrew 100 bitcoin (worth $1.6

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Black Friday and Cyber Weekend: Navigating the Tumultuous Waters of Retail Cybersecurity

Thales Cloud Protection & Licensing

Incorporate personal security best practices, such as two-factor authentication and encryption, in all your online interactions. Today, our mobile devices serve not just as communication tools but also as gatekeepers to our digital identities, especially with the rise of mobile-based multi-factor authentication (MFA).

Retail 83
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What Are the Risks of a Data Breach?

Identity IQ

This can include information such as Social Security numbers, birth dates, credit card numbers, and bank account details. Stolen personal information can be used to impersonate individuals, opening the door to identity theft and fraud. Consider using a reputable password manager to securely store and manage your passwords.

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The 773 Million Record "Collection #1" Data Breach

Troy Hunt

Automated tools exist to leverage these combo lists against all sorts of other online services including ones you shop at, socialise at and bank at. I did that many years ago now and wrote about how the only secure password is the one you can't remember. Also turn on 2-factor authentication wherever it's available.

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On the Twitter Hack

Schneier on Security

Class breaks are endemic to computerized systems, and they're not something that we as users can defend against with better personal security. It didn't matter whether individual accounts had a complicated and hard-to-remember password, or two-factor authentication. The security regulations for banks are complex and detailed.

Hacking 273