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The Rise of AI Social Engineering Scams

Identity IQ

The Rise of AI Social Engineering Scams IdentityIQ In today’s digital age, social engineering scams have become an increasingly prevalent threat. In fact, last year, scams accounted for 80% of reported identity compromises to the Identity Theft Resource Center (ITRC).

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Store manager admits SIM swapping his customers

Malwarebytes

SIM swapping can be done in a number of ways, but perhaps the most common involves a social engineering attack on the victim’s carrier. However, if you have a telecoms manager on your payroll then there’s no need for social engineering—they can just do the SIM swap for you. Katz pleaded guilty before Chief U.S.

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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. 12 blog post , the attackers used their access to Mailchimp employee accounts to steal data from 214 customers involved in cryptocurrency and finance.

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Scams 101: All you need to know to protect against online fraud and identity theft

Hot for Security

They use social engineering techniques such as clickbait and scare tactics to persuade recipients to access a fraudulent link or malicious attachment. Billions of unsolicited emails are sent to inboxes every day. While some may be harmless, consisting of ads from retailers, criminals also use emails in mass-market phishing campaigns.

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Australia Recorded the Highest Rate of iOS & Android App Threats

Appknox

Thus, these Australian attacks significantly contribute to the rising trend in socially engineered attacks. Social media-based scams are increasing as the average Australian uses their smartphone to connect unilaterally with multiple social networking services. Common Trends Among the Australian Mobile Threats.

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T-Mobile customers were hit with SIM swapping attacks

Security Affairs

Once hijacked a SIM, the attackers can steal money, cryptocurrencies and personal information, including contacts synced with online accounts. The criminals could hijack social media accounts and bypass 2FA services based on SMS used by online services, including financial ones. .

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Cybercriminals Implemented Artificial Intelligence (AI) for Invoice Fraud

Security Affairs

This tactic underscores their commitment to identity theft and the exploitation of unsuspecting individuals through deceptive online means. Utilizing AI-driven bots for advanced social engineering techniques. In the case of Spain, the “GXC Team” created a counterfeit landing page that impersonated the GOB.ES