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Category: Phone Fraud

January 26, 2016
Feds Indict More Than 50 in Jury Duty Phone Fraud Scam
Federal officials have indicted more than 50 people, including 15 former prison officials and 19 former inmates, in a long-running vishing and phone fraud scheme that was run through a Georgia prison. Using cell phones smuggled into Autry State Prison by guards, the inmates would call victims, mostly in the Atlanta metro area, and inform them…
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January 13, 2016
Bankosy Android Trojan Defeats Voice 2FA
Bad guys are always looking for ways to up their game and find ways around the defenses that security companies and users put in their way. To wit, an Android banking Trojan called Bankosy that has added a new capability that allows attackers to bypass voice-based two-factor authentication. The malware has been around for a…
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January 7, 2016
Fake Tech Support Scams Evolve to Include Support, Purchase History
Calling a tech support line can be a fairly miserable experience. Having tech support reps calling you at home to warn you about supposed malware on your PC is even worse. It’s an old scam, but one that’s gotten a vicious new twist of late with scammers who know every detail of a victim’s support…
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December 30, 2015
IRS Tax Scams Remained Major Threat in 2015
The most dangerous piece of software installed on any computer is the browser, as it is the key target of the vast majority of online attacks. In the same way, the phone quickly is becoming one of the more dangerous devices you can own. Phone fraud scams, whether they target businesses or individual users, have become highly…
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December 22, 2015
The $1.5 Million Phone Call
Law enforcement agencies, politicians, and security experts often cite cybercrime as perhaps the largest threat to consumers and businesses right now. Finding an accurate estimate of the annual losses from cybercrime is more difficult than finding an honest politician, but certainly it’s in the hundreds of millions of dollars. Indeed, the disruption of botnets or…
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December 17, 2015
Welcome to On the Wire
The Internet is useful for a lot of things—watching videos of dogs dancing to Toto, ordering drone-delivered ice cream—but it has become less-than-useful at the task that it was originally designed for: organizing information and connecting people to that information. The sheer volume of data, opinions, and speculation available on any given topic makes it…
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December 17, 2015
Anatomy of a Phone Fraud Scam
When Nargess Sadjady answered the phone at her home in London one early evening in August, the man on the other end gave her some disquieting news: There were some suspicious online purchases on her account. The caller spoke with a soft Scottish accent and said he was from the security team at her bank,…
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December 11, 2015
Four Men Convicted in Huge Phone Fraud Scam in UK
Prosecutors in the United Kingdom have convicted four men in connection with a widespread phone fraud scam that saw them steal more than £600,000 (more than $912,000) from a number of elderly victims over the course of a year. The men ran a version of a common scam in which they posed as police officers and called victims,…
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December 3, 2015
FTC Rule Change Cracks Down on Payment Methods Used by Fraudsters
The Federal Trade Commission is trying to cut off some of the sources of money that flow from consumers to phone scammers by tightening up the rules on how specific forms of payment can be used. The changes come as consumers are facing an onslaught of increasingly sophisticated and persistent campaigns from scammers pretending to be…
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November 10, 2015
For Attackers, Knowledge is Power
The password is among the oldest security artifacts that we have. It was in use for thousands of years, mainly in military applications, before some misguided soul had the idea to use a password for authentication on a computer system. We all know how that’s worked out. In the decades since then, things have not…
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