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

The Last Watchdog

Related: The rise of ‘SMS toll fraud’ The Bank of America scam serves as a prime example of how criminals exploit this technique. These scammers impersonate Bank of America representatives, using the genuine bank’s phone number (+18004321000) to gain trust and deceive their targets.

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NY Man Pleads Guilty in $20 Million SIM Swap Theft

Krebs on Security

Nicholas Truglia was part of a group alleged to have stolen more than $100 million from cryptocurrency investors using fraudulent “SIM swaps,” scams in which identity thieves hijack a target’s mobile phone number and use that to wrest control over the victim’s online identities. Nicholas Truglia, holding bottle.

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MY TAKE: How consumer-grade VPNs are enabling individuals to do DIY security

The Last Watchdog

As part of this mindset, more consumers are subscribing to a personal VPN service which they use to shield themselves from disinformation sweeps and to protect themselves from Covid 19-related hacks and scams. DIY security. I agreed to give the company feedback about how they’re executing their business model.

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On the Twitter Hack

Schneier on Security

The hacker used that access to send tweets from a variety of popular and trusted accounts, including those of Joe Biden, Bill Gates, and Elon Musk, as part of a mundane scam -- stealing bitcoin -- but it's easy to envision more nefarious scenarios. The security regulations for banks are complex and detailed.

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