PINDROP BLOG

February 19 – The Week in Phone Fraud

TWIPF2 This week in phone fraud: teenage phone hackers around the world

On Friday, British authorities announced that they have arrested a 16-year-old suspected of being involved with a group that used social engineering phone calls to hack into the Department of Justice web portal, the FBI network, and the private email accounts of high-ranking U.S. intelligence officials.

This week, French authorities arrested yet another teenager using social engineering on the phone channel to commit crimes. Police have arrested Vincent L., 18, from Paris, for failing to cooperate with authorities in an investigation related to a series of fake bomb threats that took place in France, Australia, the UK, and the US.

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Popular Science: Hacker Calls FBI’s I.T. Department, Gaines Access to Network – On Sunday, a hacker threatened to dump the contact information of thousands of FBI and Department of Homeland Security employees online. So how did a person break into the systems of two of America’s most high-profile agencies? A phone call, it appears.

Dark Reading: Man Admits To Laundering $19.6 Million in Hacking, Telecom Fraud Scam – Hackers compromised businesses’ PBX systems. They would then identify unused extensions, reprogram them so they could be used to make long distance phone calls charged back to the victim business.

CNN: FBI, British police nab alleged ‘crackas’ hacker – British police have arrested a teenager who allegedly was behind a series of audacious — and, for senior U.S. national security officials, embarrassing — hacks targeting personal accounts or top brass at the CIA, FBI, and Homeland Security Department.

Washington Post: British teen arrested in hacking of top U.S. intelligence officials – British authorities have arrested a 16-year-old suspected of being involved with a group that hacked into the private email accounts of high-ranking U.S. intelligence officials, according to U.S. officials and British police.

Business 2 Community: Death, Taxes, And Data Theft: You Can Only Protect Yourself From One – Cybersecurity startup Pindrop is one company that is benefitting from an increased interest in combating identity threats. Their unique software fights fraud by using a voice technology system called phone printing.

Forbes: Watch Out For These Top Tax Scams – Aggressive and threatening phone calls by criminals impersonating IRS agents remains an ongoing threat to taxpayers. The IRS has seen a surge of these phone scams as scam artists threaten police arrest, deportation, license revocation and other things.

Softpedia: Phone Hacking Group Is Selling Fake Bomb Threats for Bitcoin – According to French law enforcement, the service has been used by Evacuation Squad, a group that has terrorized cities across the globe by calling in fake bomb threats and sending SWAT teams to various celebrities and high-profile public figures.

On the Wire: UK Launches Task Force to Address Fraud – Phone fraud, vishing, and other forms of financial fraud have emerged as serious threats to many financial institutions and their customers. Banks and government agencies have begun forming alliances to help address the issue.

Credit Union Times: 5 Biggest Phone Scams in Circulation – The Atlanta-based Pindrop detected a number of emerging phone scams, some of which involve Google listings, health insurance and the MasterCard settlement. The voice fraud prevention and authentication firm also gathered data on fraudsters’ frequency.

Dark Reading: 20 Cybersecurity Startups To Watch In 2016 – President Barack Obama outlined a Cybersecurity National Action Plan this week, featuring an expanded cybersecurity budget, a new federal chief information security officer, and an emphasis on promoting multi-factor authentication.

FTC Blog: Phony calls about health insurance – President Barack Obama outlined a Cybersecurity National Action Plan this week, featuring an expanded cybersecurity budget, a new federal chief information security officer, and an emphasis on promoting multi-factor authentication.

On The Wire: Owning VOIP Phones With Zero Clicks – President Barack Obama outlined a Cybersecurity National Action Plan this week, featuring an expanded cybersecurity budget, a new federal chief information security officer, and an emphasis on promoting multi-factor authentication.

Webinar: Call Center Fraud Vectors & Fraudsters Analyzed