Remove Encryption Remove Scams Remove Social Engineering
article thumbnail

A Day in the Life of a Prolific Voice Phishing Crew

Krebs on Security

Before we get to the Apple scam in detail, we need to revisit Tony’s case. Each participant in the call has a specific role, including: -The Caller: The person speaking and trying to social engineer the target. The Owner: The phishing panel owner, who will frequently listen in on and participate in scam calls.

Phishing 339
article thumbnail

Wanted: Disgruntled Employees to Deploy Ransomware

Krebs on Security

According to the latest figures (PDF) released by the FBI Internet Crime Complaint Center (IC3), the reported losses from BEC scams continue to dwarf other cybercrime loss categories, increasing to $1.86 billion in 2020. . For example, the Lockbit 2.0 “Would you like to earn millions of dollars?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

BEST PRACTICES: Mock attacks help local agencies, schools prepare for targeted cyber scams

The Last Watchdog

This can make them particularly susceptible to social engineering trickery, the trigger for online extortion and fraud campaigns, Bastable told me. These scams rely on the failure of a subordinate employee to recognize a cleverly spoofed email directive. The total stolen: $2.3 The FBI is investigating. No arrests have been made.

Scams 147
article thumbnail

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).

article thumbnail

Columbus Ransomware Attack Exposes 500,000+ Residents’ Data: How to Stay Safe

eSecurity Planet

Implement Data Encryption & Backup Protocols Encrypting sensitive data adds a layer of protection by ensuring that even if data is accessed, it remains unreadable without proper decryption keys. Cybersecurity awareness training helps staff recognize phishing scams , social engineering attempts, and other threats.

article thumbnail

LW ROUNDTABLE:  Predictive analytics, full-stack visualization to solidify cyber defenses in 2025

The Last Watchdog

Quantum computing advances are making traditional encryption obsolete, and adversaries are stockpiling data for future decryption. FIPS-203 enables legal PQC deployment, prompting CISOs to overhaul encryption strategies. Organizations face rising risks of AI-driven social engineering and personal device breaches.

Risk 173
article thumbnail

Logistics giant warns of scams following ransomware attack

Malwarebytes

Criminals could use the leaked data to make social engineering attacks more believable, so Hellmann is asking people that do business with it to look out for fraudulent mails and calls. While companies can use backups to recover from data encryption without paying the ransom, they can’t use them to contain leaks.

Scams 137