Financial Services Scams Social Engineering 
Krebs on Security
OCTOBER 7, 2022
who in April 2022 opened an investigation into fraud tied to Zelle , the “peer-to-peer” digital payment service used by many financial institutions that allows customers to quickly send cash to friends and family. “In the vast majority of these cases, the banks did not repay the customers that reported being scammed.
CyberSecurity Insiders
APRIL 4, 2023
Social engineering – specifically malicious cyber campaigns delivered via email – remain the primary source of an organization’s vulnerability to attack. Social engineering is a profitable business for hackers – according to estimates, around 3.4 billion phishing e-mails get delivered every day.
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SecureWorld News
MAY 30, 2023
In the recent SecureWorld Financial Services virtual conference , Mike Britton and Dan Sheiber of Abnormal Security joined Adam Pendleton, CISO of LendingPoint, to discuss ChatGPT's impressive capabilities. But it is powerful, and the danger lies with what can be done using the chatbot tool.
Security Affairs
APRIL 30, 2020
ybercriminals behind the PerSwaysion campaign gained access to many confidential corporate MS Office365 emails of mainly financial service companies, law firms, and real estate groups. The account access could be sold in bulk to other cybercriminals to conduct traditional monetary scams.
Malwarebytes
MARCH 13, 2023
These scams usually offer the victims large returns with minimal risk. Crypto-investment fraud saw an incredible growth in 2022, both in number of scams and in the amount of damage done. Mostly by deploying social engineering, victims are tricked into linking their cryptocurrency wallet to a fraudulent liquidity mining application.
SecureList
NOVEMBER 23, 2022
The risk of being scammed runs even higher. While on ordinary days, the customer can easily see that if the product is too cheap, it is most likely a scam, during the Black Friday sales, it gets harder to tell. Instead of being the first among buyers, they will join the ranks of scam victims. Phishing and scam: red flags.
SC Magazine
MARCH 4, 2021
Researchers have spotted a new business email compromise (BEC) trend that, if perfected, could represent a significant social engineering threat to the financial investment and private equity community. However, for now the scam isn’t executed especially well, Hassold noted.
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