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Fraud

Stories from the SOC - Combating "Security Alert" Scams

The “Security Alert” scam is a prevalent tech-support fraud that threatens both Windows and Apple users. It exploits the trust of users by masquerading as an official support site, using fake pop-up warnings to lure users into dialing scam phone numbers by conveying a sense of urgency. The ultimate goal is gaining remote access to the user’s system and pilfering personal data to extort money.

North Korean Threat Actors Target Software Developers With Phony Job Interviews

Suspected North Korean threat actors are attempting to trick software developers into downloading malware during phony job interviews, according to researchers at Securonix. The threat actors contact software developers with seemingly legitimate employment opportunities before scheduling virtual job interviews.

How New College Graduates Can Avoid Increasingly Personalized Job Scams

For many fresh out of college, the drive to land that first professional role is a top priority. Yet, new graduates can be exposed to sophisticated scams that can jeopardize not just their finances but also their identities. Imagine receiving an email that mentions your former school dean or a professor, claiming they've personally recommended you for a fantastic job opportunity.

How to Recognize and Avoid Publishers Clearing House Scams

The Publishers Clearing House (PCH) appeared in 1967, promoting magazine subscriptions, merchandise, time-share vacations, and their famous cash prize sweepstakes. Since 67’ over 11 million people have won PCH sweepstakes, totaling over $593 million in cash winnings. More people than ever have entered the PCH sweepstakes, looking for their chance to win thousands - sometimes millions - of dollars overnight.

Red Flags of Jobs and Employment Scams: How to Protect Yourself

Job scams continue to rise in the United States as of 2024. According to the Federal Trade Commission (FTC), Americans lost about $490 million to job opportunities and employment scams in 2023, with 107,134 reports. This was a significant increase over 2022, with 95,327 reports of employment scams and a $373.5 million loss to these scams. Besides financial losses, scam artists are also conning unsuspecting job seekers out of their personally identifiable information.

USPS Surges to Take Top Spot as Most Impersonated Brand in Phishing Attacks

New data shows phishing attacks are deviating from the traditional focus on technology and retail sectors and are opting for alternate brands with widespread appeal. I’ve covered plenty of reports about brand impersonation and it’s almost always Microsoft on top of the list. And with good reason: access to a Microsoft 365 account can give attackers a foothold and potential access to data, applications and more.

6 Airbnb Scams To Watch Out For

Airbnb has brought a new paradigm to the hospitality industry. It has become the go-to platform for persons looking to make additional income with their properties and travelers looking for unique accommodation experiences away from home. However, this new model and its appeal have also attracted individuals looking to exploit the platform for fraud. Scams on Airbnb are becoming increasingly common, as both hosts and guests are not left out from becoming targets.

LastPass Warns of Deepfake Phishing Attempt

LastPass has warned that one of its employees was targeted by a social engineering attack that used an audio deepfake that impersonated the company’s CEO. Fortunately, the employee grew suspicious and avoided falling for the attack. Mike Kosak, Senior Principal Intelligence Analyst at LastPass, explained in a blog post, “In our case, an employee received a series of calls, texts, and at least one voicemail featuring an audio deepfake from a threat actor impersonating our CEO via WhatsApp.

The Growing Challenge of Fraud in Neobanking: Strategies for Protection (2024 Guide)

Neobanks, which operate exclusively online without traditional physical branch networks, are facing an increasingly challenging landscape due to a significant rise in fraud cases. In recent years, financial institutions have reported a marked increase in fraudulent activities, with the average cost of fraud for institutions with assets over $5 billion rising by 65% from $2.3 million in 2022 to $3.8 million in 2023.

Employee Account Takeover Vs. Customer Account Takeover

Account takeover (ATO) fraud poses a serious and personal threat, especially when it compromises something as critical as your bank account. Imagine the shock and helplessness of discovering you’re suddenly barred from accessing your own financial resources. This violation isn’t just about unauthorized transactions or financial losses; it’s a profound breach of your privacy.