Toyota subsidiary has recently lost $37 million in a BEC scam. Unlike many companies, the large fund transfer did not seem to raise any initial alarms and warnings.
Retail industry is one of the worst-prepared for cyber attacks, yet is also one of the most heavily targeted by online threats during the holiday shopping season.
Scams are often designed to take advantage of vulnerable victims. A case study was done on a psychic mail scam that defrauded over $200 million from almost 1.4 million North Americans over 10 years.
Love is in the Cloud as millions of people are looking to meet their match online. However, Cupid isn't the only one taking aim at people seeking love on dating apps during this time of year. Catfishers and scammers are on the prowl, taking advantage of those looking for love.
Hackers used data from 2015 Ashley Madison data breach to conduct cyber extortion scams, asking users to pay more than $1,000 worth of Bitcoin.
Attackers are combining DDoS attacks and "click fraud" in new email extortion scams that target publishers with websites monetized through Google AdSense program.
Facebook has filed a lawsuit in a federal court in California against a software engineer who developed ad cloaking software...
Organisations which have chosen the long run tackling digital transformation over the prompt adoption strategy and try to mate it with their established internal tactics have experienced fewer ransomware attacks.
A Hong Kong deepfake scam that netted HK$200 million made use of a fake video conference with multiple company executives. The employee that was targeted reportedly did suspect fraud at first, but nevertheless ended up making a total of 15 bank transfers.