PINDROP BLOG

Category: Social Engineering

May 10, 2016
Data Shows Phone Fraud Costing Businesses as Much as $27M a Year
Last year, about one in every 1,700 calls to a corporate call center in the United States was from a fraudster, and those malicious calls can cost large organizations as much as $27 million per year, new research shows. The rate of phone fraud in corporate call centers has jumped by more than 45 percent in the last…
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May 9, 2016
Inside the AlphaLocker Ransomware
The ransomware ecosystem has developed largely underground, and insights into the way that the malware is developed and controlled are rare. But researchers at Cylance recently got an inside look at the way that AlphaLocker ransomware goes about its business and found that the operation is surprisingly simple and yet still quite effective. AlphaLocker is…
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May 6, 2016
On the Wire Podcast: Chris Hadnagy
In this episode of the On the Wire podcast, Dennis Fisher talks with Chris Hadnagy of Social-Engineer Inc., about the concept of social engineering, how he got into the field, and how social engineering techniques are used by attackers. Chris talks about the way phishing has evolved in recent years, the rise of phone fraud…
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May 6, 2016
Jolly Roger and the Rise of the Anti-Bot Bots
A bot that started as a way for one man to annoy and frustrate telemarketers and robocallers has now developed into a subscription service for consumers and businesses who have had enough of the unsolicited and sometimes fraudulent calls. The Jolly Roger Telephone Co. is the creation of Roger Anderson, a phone industry veteran who…
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May 3, 2016
FBI Renews Warning on Ransomware Threat
The FBI has issued a fresh warning about the ransomware epidemic, even as the volume and sophistication of the attacks continues to rise. The latest major incident occurred last week when a power utility in Michigan was hit by a ransomware attack on its corporate network. The attack began, as many do, with a phishing…
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April 27, 2016
Hear a Real Bank Phone Fraud Call From a Fake Cop
The ongoing problem of fraudsters targeting senior citizens with sophisticated phone scams has taken a new turn, as the criminals have begun using a technique that involves them showing up at victims’ homes to collect their debit cards. The scam is an extension of a common phone fraud technique in which criminals call victims–typically senior…
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April 26, 2016
Verizon DBIR Shows Focus on Credential Theft in Breaches
Attackers are continuing to refine their tactics and develop new tools, but in a lot of cases they still rely on tried-and-true methods such as phishing, social engineering, malware, keyloggers, and credential theft to achieve their goals. The 2016 Verizon Data Breach Incident Report shows that these tactics and tools are still among the most-used by…
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April 15, 2016
U.S. Firm Hit For Nearly $100M in Email Scam
Fraudsters employing an increasingly common scheme known as business email compromise victimized a United States company for more than $98 million, according to a suit filed by the U.S. Attorney’s office in Manhattan Thursday. The civil forfeiture lawsuit is an attempt to recover $25 million in funds held in a variety of overseas accounts, money…
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April 12, 2016
The Coming Wave of Self-Propagating Ransomware
Ransomware has become one of the top threats to consumers over the course of the past few years, and it has begun to spread to enterprises as well of late. But as bad as this problem has become, researchers say that what we’re seeing right now may be just a ripple in the water compared…
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April 8, 2016
FBI Says Fake CEO Email Scam Losses Hit $2.3 Billion
The FBI says it has seen a huge increase in the volume of business email compromise scams hitting enterprises in the last year, and estimates that losses from the scheme have hit $2.3 billion now. Like normal phishing scams, these kinds of attacks rely on highly believable messages and a healthy dose of social engineering…
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