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U.S. Secret Service: “Massive Fraud” Against State Unemployment Insurance Programs

Krebs on Security

A well-organized Nigerian crime ring is exploiting the COVID-19 crisis by committing large-scale fraud against multiple state unemployment insurance programs, with potential losses in the hundreds of millions of dollars, according to a new alert issued by the U.S. Secret Service. Treasury hundreds of millions of dollars in revenue each year.

Insurance 363
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The ‘Zelle Fraud’ Scam: How it Works, How to Fight Back

Krebs on Security

What follows is a deep dive into how this increasingly clever Zelle fraud scam typically works, and what victims can do about it. Last week’s story warned that scammers are blasting out text messages about suspicious bank transfers as a pretext for immediately calling and scamming anyone who responds via text.

Scams 362
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First American Financial Corp. Leaked Hundreds of Millions of Title Insurance Records

Krebs on Security

The Web site for Fortune 500 real estate title insurance giant First American Financial Corp. based First American is a leading provider of title insurance and settlement services to the real estate and mortgage industries. According to the FBI, BEC scams are the most costly form of cybercrime today. Image: Linkedin.

Insurance 279
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Voice Deepfake Scams CEO out of $243,000

Adam Levin

The CEO of a UK-based energy firm lost the equivalent of $243,000 after falling for a phone scam that implemented artificial intelligence, specifically a deepfake voice. The post Voice Deepfake Scams CEO out of $243,000 appeared first on Adam Levin. Read the Wall Street Journal article here (subscription required).

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How a business email compromise scam spoofed the CFO of a major corporation

Tech Republic Security

In a scam analyzed by Avanan, the victim received an email claiming to be from the CFO directing them to make a payment to their insurance company. The post How a business email compromise scam spoofed the CFO of a major corporation appeared first on TechRepublic.

Scams 210
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Insurance scams via QR codes: how to recognise and defend yourself

Security Affairs

Threat actors can abuse QR codes to carry out sophisticated scams, as reported by the Italian Postal Police in its recent alert. However, they can also hide scams, as denounced by the Italian Postal Police in its recent alert. However, they can also hide scams, as denounced by the Italian Postal Police in its recent alert.

Insurance 135
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Cybersecurity Event Cancelled After Being Hit By Cybercriminals

Joseph Steinberg

The number of users who fell prey to the scam is as of yet unknown – but, other messages posted to the chat with complaints that a second shared link (also illegitimate) did not work properly seem to indicate that some people likely did, in fact, fall prey.