Did you know that even organizations with productive and loyal employees frequently suffer from malicious insiders committing fraud? Such insiders are rather difficult to detect because they mishandle data bit by bit alongside their regular work routine. Moreover, their motives can be unobvious, which makes detecting them even more challenging. In this article, we explore insider fraud and its risks, as well as how to mitigate those risks through a comprehensive insider risk management strategy.

Researchers at Veriti have observed hundreds of spoofed domains following Meta’s launch of its Threads social media platform. “In recent weeks, we have observed a surge in the creation of suspicious domains, with over 700 domains related to Threads being registered daily,” the researchers write.

Job scams are a rising form of socially engineered cybercrime. And while it’s easy to imagine the trouble they cause individuals who innocently fall for them (lost opportunities, identity theft, financial loss, and so on) this form of fraud also affects businesses.

A new threat alert from ConsumerAffairs and TrendMicro proves more than just shoppers will take advantage of Amazon’s upcoming Prime Day. As Prime Day approaches on July 11-12, ConsumerAffairs reports on a variety of scams bad actors are expected to use to take advantage of online shoppers looking for a good deal: Trend Micro's research team identified.

Read also: Poly Network hacked for the second time in two years, a massive phone scam disrupted and more.

A bait-and-switch scam is a practice in which a vendor lures in a buyer with a tempting offer for a great product that the vendor does not intend to sell. This usually means advertising a too-good-to-be-true deal which, when the buyer is “baited,” is then “switched” out for a different offer.

Picture a quaint, small town enveloped in the tranquility of a peaceful night. The only signs of life are flickering street lamps and the glow from the neighborhood automated teller machine (ATM). You spot someone approach the ATM, withdraw cash and walk away. It all looks so normal. What you don’t realize is that you have just witnessed a fraud attack, specifically, transaction reversal fraud (TRF).

Read also: Twitter hacker sentenced to prison, police rescued over 2,700 people forced to carry out scams, and more.

Following our research regarding the abuse of Malvertising using Malicious Ads, Cyberint has uncovered a new strain of mobile banking malware. This malware is being distributed on third-party APK sites and is disguised as advertisements for popular messaging applications like KIK and Viber. Our Cyberint team has conducted an analysis of the malware’s source code. Based on our findings, it appears that the campaign is primarily targeting Asia.

Cybersecurity is a major concern in today’s digital world. Cybercriminals are constantly trying to bypass security measures and harvest sensitive information from their victims. Spoofing is one popular form of identity theft that has recently been adopted by attackers. It plays on human psychology and fools the victims into trusting the attackers with sensitive information or access to networks and devices.