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Scams & Phishing

Social Media Brings Out The Worst Scammers

Social media attacks are a favorite of those pesky cybercriminals. One might wonder why. Well, it’s because it’s easy pickin's going for those accounts. Researchers at Arkose Labs found that of 1.2 billion social media interactions, 53% of the logins were fraudulent and 25% of new accounts were phony. Millions of people use one form of social media or another, whether it’s Facebook, Instagram, Snapchat, LinkedIn, or something else. That leaves a barrel full of phish used for targets for hackers and scammers. READ FULL STORY

Scams & Phishing

Facebook, Instagram Shopping Scams Run Wild And Rake In Millions

Data recently released by the Federal Trade Commission (FTC) shows that the number of complaints about social media shopping scams more than tripled over the last year. Consumers reported losing more than $117 million to this type of scam in just the first six months of 2020 compared to $134 million for all of 2019, according to the FTC’s latest Consumer Protection Data Spotlight. The social media sites overwhelmingly involved in these scams are Facebook and Instagram, with consumer scam reports totaling 94% of all rip-offs involving a specific platform. READ FULL STORY

Education

Keeping Your Bank Account And Credit Cyber-Smart

Financial institutions and hacking go hand-in-hand. Hacking banks and their account holders is the most direct cash infusion a hacker can get…and they know it. According to Kaspersky Lab, attacks on ATMs alone hit an all-time high in 2017 with malware-as-a-service (MAAS) opportunities. With this service, even hacking “hacks” who have no cybercrime experience can watch an instructional “how to” video on how to target an ATM successfully. Guarding our finances with common sense protection is something we all need to do. READ FULL STORY

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