Security | Threat Detection | Cyberattacks | DevSecOps | Compliance

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Multinational payment processing firm Nexway has been rapped across the knuckles by the US authorities, who claim that the firm knowingly processed fraudulent credit card payments on behalf of tech support scammers. A Federal Trade Commission (FTC) complaint argues that Nexway and its subsidiaries broke the law by helping scammers cheat money from unsuspecting consumers.

Earlier this month, state employees in the US state of New Jersey began receiving emails that falsely represented themselves as originating with the state’s attorney general. “At first blush, the communiques appeared to come from the state Attorney General's Office and sported a convincing njoag.gov domain.

SIM swapping is when a cybercriminal impersonates someone in order to convince a mobile carrier to activate a new SIM card. These bad actors use social engineering tactics, claiming “their phone” was supposedly lost, stolen or damaged, when in reality, it was never their phone to begin with. When a cybercriminal successfully SIM swaps, they can more easily steal someone’s identity because they can now receive their text messages and phone calls.

Back in 1939, Henry Wallace, the American Secretary of Agriculture, created the Food Stamp Program. It was designed to supply surplus agricultural commodities to American families in need during the Great Depression. People who received public assistance could get stamps that were then used to purchase food. The program underwent several iterations in the 1960s, ’70s, and ’80s until finally, in 1984, the first Electronic Benefits Transfer (EBT) system was introduced.

National Westminster Bank, the London-based bank familiarly known as NatWest, has warned its customers to be on the alert for emails pretending to be from NatWest, but which in fact are from scammers trying to bubble the unwary out of their savings.

One of the hottest online trends is auction sites selling everything from toys to cars and items tucked away in a closet. Sites such as Facebook Marketplace, Craigslist, and Decluttr, provide a way for anyone to sell anything. eBay and Craigslist began the craze of selling unwanted household items back in 1995. These sites sought to bring together buyers and sellers in an open and honest marketplace. Both companies expanded rapidly beyond collectibles into any saleable item.

Introduction: Fraudulent campaigns aimed at top-level executives through phishing are on the rise. In this technical blog post, we will delve into a particular type of CEO phishing scam that employs an attachment containing an agreement draft. We will examine the attack's technical aspects and suggest preventive measures that businesses can adopt to safeguard themselves.

We seem to be fascinated by fraudsters, and recent documentaries prove this. The documentary landscape is populated with many fraud-centered stories, such as The Tinder Swindler, Fyre, The Con, Fake Heiress, The Inventor, and many others. Some have even been made into series, such as the story of Elisabeth Holmes in The Dropout, and the story of Anna Delvey in Inventing Anna. We just can’t get enough of it, and who can blame us? These stories are fascinating, entertaining, and engaging.

The use of Large Language Models (LLMs) is the fine tuning AI engines like ChatGPT need to focus the scam email output to only effective content that results in a wave of new email scams.