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Category: Social Engineering

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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March 1, 2016
On the Wire Podcast: Rick Holland
Rick Holland has seen the security world from a variety of interesting angles. He’s been a practitioner, an industry analyst, and is now the vice president of strategy at Digital Shadows. He’s been digging around in all of the interesting data that the company collects from the public Internet and the deep Web and in…
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February 18, 2016
IRS Warns of 400% Jump in Tax Scams
The IRS is warning consumers about a huge spike in the volume of phishing emails related to tax return fraud, something that has become an annual occurrence. The warning comes a couple weeks after the agency issued a similar warning about phone fraud scams related to the IRS. Numbers compiled by the agency show that…
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February 9, 2016
Cross-Platform Adwind Backdoor Found Infecting Banks
TENERIFE–Researchers have uncovered a multi-platform backdoor called Adwind that is being sold as a tool for cybercriminals who have used it to infect banks around the world. The backdoor has been in use for several years and the criminals behind it have gone through several different iterations. Adwind is the most-recent version of the backdoor…
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February 5, 2016
Driving Robocallers Crazy With the Jolly Roger Bot
Robocalls are among the more annoying modern inventions, and consumers and businesses have tried just about every strategy for defeating them over the years, with little success. But one man has come up with a bot of his own that sends robocallers into a maddening hall of mirrors designed to frustrate them into surrender. The bot…
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February 4, 2016
Google Expands Social Engineering Protection in Safe Browsing
Google is expanding the way that its Safe Browsing API protects users against malicious content by blocking deceptive content on sites that is considered to be social engineering. The change to Safe Browsing will focus on detecting and warning users about content that tries to trick users into downloading a piece of software or taking…
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February 2, 2016
New Data Shows Google Listing Phone Scam On the Rise
Like malware authors, phone scammers change their tactics and lures often, but for the most part, they play the hits. And the number one song so far this year has been the Google/Yahoo/Bing listing scam that accounted for 22 percent of robocalls in January. The new data from Pindrop Labs shows that scammers are using this…
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January 26, 2016
CEO Phishing Scam Costs Belgian Bank Crelan $75M
The venerable phishing scam has been trying on some new clothes as of late, and quite often those outfits are costing victims dearly. The latest and perhaps most expensive of these is the version of the executive email scheme that hit a Belgian bank recently and cost the firm more than $75 million. This particular scheme, which also…
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PSCU and Pindrop Block $1 Million in Fraud in One Month