FBI stats: email fraud still #1 cybercrime

Posted by Emmanuel Marshall on 23 May 2018 12:29:31 AEST


The latest
report released by the FBI’s internet crime division - IC3 - reveals that email-based social engineering attacks were the most commonly reported cybercrime category in 2017.

IC3 received 300,000 complaints in 2017, representing estimated losses of more than US$1.4 billion.

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One email can take down your business: social engineering

Posted by Craig McDonald on 05 March 2018 14:03:48 AEDT


Last December, cybercriminals stole millions of dollars from several law firms with a simple email scam.

The scammers phoned the lawyers and asked them for legal advice. After a conversation over the phone they promised to email the lawyers some ‘important documents’ related to their cases. When the lawyers opened the emails they found links that pointed to documents stored on an online file sharing site that required them to enter their email account passwords to gain access.

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Social Engineering: Hacking + Psychology = Fraud

Posted by Emmanuel Marshall on 08 January 2018 11:55:41 AEDT


Recently
The Brisbane Times broke a story about cybercriminals who stole millions of dollars from Queensland law firms in December. This story is interesting because the cybercriminals involved didn’t hack into the lawyer's network or infect their computers with a virus - they just sent them an email.

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Holiday Retail Season is Boom Time for Cybercriminals

Posted by Craig McDonald on 28 November 2017 16:04:02 AEDT


The most profitable time of year for retailers is right now - between the North American ‘Thanksgiving’ and new-year. When business is booming, cybercriminals are busy too. The
holiday season creates a perfect storm for criminals. Retail companies are doing billions in transactions and during the silly season there’s more work to do during the same hours. Everyone is overworked and under pressure, which is the perfect environment for scams to be executed.

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