Security | Threat Detection | Cyberattacks | DevSecOps | Compliance

FTC States That Scams Cost U.S. Consumers $158.3 Billion in One Year

I am used to repeating some pretty big numbers when talking about the financial impact of cybercrimes. When you look into the data, it is pretty easy to start talking about tens of billions of dollars. I occasionally come across figures that are in the hundreds of billions of dollars in damage across multiple years globally. So, imagine my surprise when I learned the U.S. Federal Trade Commission (FTC) said Americans lost $158.3B in 2023, one year, to scammers, and that annual figure is getting worse.

Can AI Prevent Fraud Without Interfering with Your Privacy?

Fraudsters are getting craftier, but fortunately, the technology against them is becoming more intelligent as well. The question on everyone's mind is, how can we apprehend the bad guys without becoming Big Brother? You may be surprised at the answer. The idea of fraud detection has been synonymous with gathering as much information as possible about all people. It was as though there was a security camera in every room just in case. However, AI is turning the tables, and it is, in fact, turning things more private rather than less.

Warning: Voice Deepfakes Continue to Improve

AI-generated voice deepfakes present an urgent threat to organizations, according to researchers at Pindrop. The researchers warn that speech generation tools can create realistic-sounding cloned voices in near real-time, allowing attackers to hold live conversations with victims while imitating someone the victim knows. Additionally, these tools can now convincingly imitate human emotions, making social engineering attacks even more persuasive.

14 WhatsApp Scams & How to Avoid Them

WhatsApp has reached over 2 billion users worldwide, making it one of the most popular messaging platforms available for your phone, tablet, and desktop. It’s a great way to connect with friends, send photos, create group chats, and host video calls. It also gives scammers a huge field to play with when attempting to scam people online. To help you protect your data, finances, and accounts, we will explain the 14 most common WhatsApp scams cybercriminals use and how to prevent them.

The MemcycoFM Show: Episode 4 - How to Prevent Credential Stuffing Attacks

Credential stuffing attacks are one of the most persistent and damaging account-based threats facing security teams – and one of the hardest to detect. Most enterprises rely on server-side, post-login detection, which captures only successful login attempts. Failed attempts remain invisible, slowing time-to-detection and increasing the risk of successful account takeovers (ATOs). Why is this such a challenge? The reasons are many, as we’ll explore.

The Hidden Cyber Threats Lurking on Job Boards

If you've ever job-hunted online-or run a hiring campaign-you already know how much the process has changed. Everything is digital now. Resumes are uploaded, interviews are scheduled through apps, and entire careers begin with a single click on a job board. But here's the part we don't talk about enough: cyber threats have evolved right alongside the recruitment process.

What to Know About Unpaid Toll Text Message Scams

An increasing number of people are reporting receiving text messages about unpaid tolls. Although some of these messages are legitimate, fraudsters are now using this tactic to trick unsuspecting individuals into sharing personal information or making fraudulent payments. Typically, these scam messages create a sense of urgency, pressuring recipients to act quickly before verifying the claim.

Google Report Outlines the Latest Scam Trends

Researchers at Google have published a report on the latest scam trends, noting an increase in travel-themed scams targeting people preparing for their summer vacations. “Ahead of the summer vacation season, our teams have observed a spike in travel scams,” the researchers write. “Fake travel websites lure users into booking travel with a promise of ‘too good to be true’ prices, experiences, or discounts.