Remove Cryptocurrency Remove Identity Theft Remove Social Engineering
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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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Feds Break Up Major SIM-Hijacking Ring

Adam Levin

million worth of wire fraud and identity theft. The hacking group, called “The Community” primarily used social engineering (trickery) and SIM card hijacking to steal funds and cryptocurrency from their victims. Members of The Community face charges of wire fraud and aggravated identity theft.

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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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The Revival of Raccoon Stealer

Approachable Cyber Threats

It also serves as an easy access point for more advanced hackers and scammers to target specific organizations, or even harvest cryptocurrency. Earlier Raccoon Stealer campaigns allowed criminals to steal $13,200 worth of cryptocurrency and mine another $2,900 worth over a six month period, all for the cost of around $1,250. “So

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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. Cryptocurrency and NFT attacks are rising as decentralized finance, and digital art assets become sophisticated socially engineered threats. Common Trends Among the Australian Mobile Threats.