TOP 5
CYBER SCAMS
TO BE AWARE OF IN 2023
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1/7
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2/7
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Business Email Attacks
Business email compromise (BEC) schemes are the most lucrative. According to the FBI’s Internet Crime Complaint Center’s latest report, BEC-related losses reached approximately $2.4 billion in 2021.
Spoofed emails from firm executives, employees, or vendors are used in these frauds. They use deceptive social engineering to induce victims to transfer payments immediately.
#1
3/7
kiznis.com
KIZNIS.COM
@kizniscom
Malware and Ransomware Threats
The Colonial Pipeline ransomware attack is one example where hackers made $4.4 million by briefly shutting down a key gasoline delivery infrastructure in the US southeast.
Due to the Ukraine war and sanctions, we’ll undoubtedly see more of this. Phishing emails targeting government agencies, military contractors, and other groups aiding Ukraine’s defense will be sent.
#2
4/7
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Crypto Scams and ‘Pig Butchering’
“Pig slaughtering” fraudsters use translation tools to target international victims. “Hey, are we still on for lunch Friday?” they’ll text. They want a reaction and an online friendship.
They’ll inquire whether the victim knows anything about crypto to entice them into a fake website where they claim a buddy earned a lot of money. If the victim invests, fast profits will tempt them to invest more. Scammers “fatten the pig” until they drain the account.
#3
5/7
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@kizniscom
Innovation in the Cybercrime Cash-Out Process
Threat actors are detected most often at cash-out. Transfers above $10,000 for normal bank accounts allow law enforcement to track suspicious activities. Crypto mixing services are rising because authorities can trace cryptocurrency better. These hide ransomware and other criminality by cleansing “dirty” crypto.
Given these dynamics, criminals would undoubtedly seek new methods to hide their illicit earnings.
#4
6/7
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Cybercrime and Scamming as a Service
Scammers like one-stop shops. Underground virtual marketplaces with end-to-end services are allowing low-skill threat actors to fill their baskets and pay with crypto.
They may buy stolen passwords, credit card details, phone numbers, phishing kits, ready-to-roll malware, and other tools to commit bank fraud, ransomware attacks, and phishing campaigns. Such services will see a rise in 2023.
#5
7/7
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