Today’s Fraud News from around the world:
‘Be smarter than a scammer’: Banks warn public vs fraudulent emails, SMS anew: Always verify first if it is legitimate. Never click links embedded in emails claiming you can cancel a transaction. These are phishing links,” it said. A study by a cybersecurity firm previously …: “Phishing” – BingNews
Dearcry Ransomware Targets Unpatched Exchange Servers: Attackers wielding DearCry – aka – DoejoCrypt ransomware have begun to exploit the serious proxy-logon flaw in unpatched versions of Microsoft Exchange running on …: “Phishing” – BingNews
Datto CEO On BitDam Buy: ‘The Real Key Is Depth, Not Breadth’: Datto said it paid $ 46 million for BitDam, and that BitDam, once it is integrated in Datto’s offerings, has a lot of room for future development.: “Phishing” – BingNews
Tax Time Guide: Make protecting tax and financial information a habit: Scams and schemes using the IRS as a lure can take on many variations, so practicing personal information security is vital. According to IRS, this news release is part of a series called the Tax Time …: “Phishing” – BingNews
Money mule warning: Criminals are exploiting people’s financial difficulties by using social media platforms, jobs websites and phishing emails to make offers of easy cash. The aim; to convince people to provide their …: “Phishing” – BingNews
Phishing campaigns by cybercriminals aiming to leverage vaccine hype: Cybersecurity experts have warned of phishing campaigns by cybercriminals aiming to leverage the hype around the vaccine roll-out, to trick unsuspecting users into potentially risky behaviour.: “Phishing” – BingNews
In the Midst of COVID-19, We’re Seeing a Pandemic of Cyber Attacks: The cyber threat landscape evolved and grew from simple phishing attacks to one of the largest DDoS attacks ever recorded. At the same time, we also saw rapid growth in the tech and cybersecurity …: “Phishing” – BingNews
Royal Mail issues fresh scam warning to every household in UK: ActionFraud tweeted: “Watch out for these fake Royal Mail emails. They’ve been reported to us over 1,700 times. “Help us remove malicious emails and websites like these by forwarding suspicious emails …: “Phishing” – BingNews
Turn Your Employees Into Security Advocates: As cybersecurity fraud becomes ever more sophisticated and its threats to our businesses loom large, there are some surprising steps we can take to boost our companies’ layers of protection.: “Phishing” – BingNews
New Initial Access Tool ‘NimzaLoader’ Spreads via Phishing Emails: Cybersecurity analysts believe NimzaLoader is an entirely different malware family, as it integrates different tactics into their campaigns.: “Phishing” – BingNews
Fraud Prevention Tip: Scrutinise the payment methods – As an online retailer you need to know the types of payment methods and their pros and cons in terms of your business. For example regular credit cards (AMEX) tend to favour the cardholder in disputes (chargebacks sound familiar)? But they are still the most widely used payment method and you do have to look at the convenience of your customer. Paypal on the other hand is a more merchant friendly option and has advanced scam protection features and advanced machine learning capability that actively works to mitigate scam risk. On the other hand Paypal also authorises chargebacks it’s not totally fool proof. Cryptocurrencies are another popular payment method; the blockchain tech makes it nearly impossible for forced refunds and since there are records of all transactions it is undeniable by the customer. On the negative side the value of cryptocurrencies is quite volatile so what’s it worth today it might hold the same value the next day or it could be worth more.