Security News
The risk of falling victim to fraud is a constant concern for individuals, businesses, and organizations alike. As technology evolves, so too do the methods employed by fraudsters, making fraud prevention an increasingly critical and complex endeavor.
Two Indian nationals each received 41-month prison sentences for their involvement in $1.2 million worth of robocall scams targeting the elderly, according to the district of New Jersey's attorney's office on Tuesday. Plantiffs Arushobike Mitra and Garbita Mitra both previously pleaded guilty to one count of conspiracy to commit wire fraud before receiving their sentences in Newark federal court.
In these fraudulent schemes, criminals either obtain direct access to NFT developer social media accounts or create look-alike accounts to promote "Exclusive" new NFT releases, often employing misleading advertising campaigns that create a sense of urgency to pull them off. "Links provided in these announcements are phishing links directing victims to a spoofed website that appears to be a legitimate extension of a particular NFT project," the FBI said in an advisory last week.
The FBI warned today of fraudsters posing as Non-Fungible Token developers to prey upon NFT enthusiasts and steal their cryptocurrency and NFT assets. In these attacks, the criminals gain unauthorized access to NFT developer social media accounts or create nearly identical accounts to promote "Exclusive" NFT releases.
Cybercriminals are taking their business offline in a new approach to familiar technical support scams recently identified by the US Federal Bureau of Investigation. In a bulletin published yesterday, the FBI's Internet Crime Complaint Center says it's noticed a recent uptick in technical support scams across the US that, rather than urging victims to wire funds, send cryptocurrency or hand over gift card codes, is asking them to mail magazine-wrapped wads of cash.
The usage of platforms like Cash App, Zelle, and Venmo for peer-to-peer payments has experienced a significant surge, with scams increasing by over 58%. Additionally, there has been a corresponding rise of 44% in scams stemming from the theft of personal documents, according to IDIQ. AI voice technology. The report also highlights the rise of AI voice scams as a significant trend in 2023.
Ransomware actors and cryptocurrency scammers have joined nation-state actors in abusing cloud mining services to launder digital assets, new findings reveal. Earlier this March, Google Mandiant disclosed North Korea-based APT43's use of the hash rental and cloud mining services to obscure the forensic trail and wash the stolen cryptocurrency "Clean."
The FBI has issued a warning about fake job ads that recruit workers into forced labor operations in Southeast Asia - some of which enslave visitors and force them to participate in cryptocurrency scams. "Criminal actors assign debts to victims under the guise of travel fees and room and board, and use victims' mounting debt and fear of local law enforcement as additional means to control victims. Trafficked victims are sometimes sold and transferred between compounds, further adding to their debt," said the FBI. Advocacy groups and media report similar tactics, with victims targeted online and promised lucrative jobs abroad with travel fees and other benefits paid.
These apps have popped up in the Google Play and Apple App Store. "Scammers have and always will use the latest trends or technology to line their pockets. ChatGPT is no exception. With interest in AI and chatbots arguably at an all-time high, users are turning to the Apple App and Google Play Stores to download anything that resembles ChatGPT," said Sean Gallagher, principal threat researcher, Sophos.
Identity theft can lead to a nightmare of events, from scammers ruining people's credit score, to selling their information on the dark web, and even impersonating people to pass background checks. "If you think your data has no value then why would scammers spend so much time trying to steal your data if it's worthless? The truth is that anyone can be affected and it is important to stay vigilant and use proper protection," said Jakub Kroustek, Avast Malware Research Director.