Security | Threat Detection | Cyberattacks | DevSecOps | Compliance

Using the lure of ChatGPT’s AI as a means to find new ways to make money, scammers trick victims using a phishing-turned-vishing attack that eventually takes victim’s money. It’s probably safe to guess that anyone reading this article has either played with ChatGPT directly or has seen examples of its use on social media. The idea of being able to ask simple questions and get world-class expert answers in just about any area of knowledge is staggering.

The rise in popularity of cryptocurrencies has brought about significant concerns regarding wallet vulnerabilities and digital theft among individuals and businesses transacting in the market. While the meteoric rise in the value of cryptocurrency has attracted legitimate investors, it has also caught the attention of malicious actors who are constantly searching for vulnerabilities to exploit.

The Federal Trade Commission is alerting consumers about a next-level, more sophisticated family emergency scam that uses AI that imitates the voice of a "family member in distress". They started out with: "You get a call. There's a panicked voice on the line. It's your grandson. He says he's in deep trouble — he wrecked the car and landed in jail. But you can help by sending money. You take a deep breath and think. You've heard about grandparent scams. But darn, it sounds just like him.

John Kevin Adriano, Trustwave SpiderLabs Security Researcher Tax season is a busy time of year for taxpayers and threat actors. Consumers and businesses focus on filing their taxes and getting excited over possible refunds, while cybercriminals roll out both their tried-and-true tax scams along with implementing new efforts.

The Advancement in technology and online payment transaction has offered an immense amount of convenience to both consumers and businesses. The ease and widespread acceptance of online payment including the credit/debit card transaction has streamlined business processes and payment transactions greatly.

According to the 2020 FTC Data Report, vishing constituted 31% of fraud reports, with an aggregated loss of $436 million. That's a lot of vishing. Scammers' methods have become out-of-this-world, too. Years ago, a social media video of a police officer taking a scam call in real time became viral. The scammer, posing as a banking representative, requested personal information on the pretext of verifying their account. The officer was uncooperative.

Impersonation has thousands of years of history. When we think of impersonating something or someone, at first glance, the intent is typically the act of deceiving someone. Identity and online impersonation are malicious intent crimes that have been around for decades. With new technologies and platforms, criminals find plenty of new victims and hunting grounds. Online impersonation and identity theft are somewhat similar in the type of crimes.

In recent years, cybercrime has evolved to become more sophisticated than ever before. One of the up and coming methods used by criminals is vishing (voice phishing). This is where an attacker phones up a victim to simulate a trusted source such as a bank to phish for sensitive information. No one is immune from a vishing attack, even the Social Security Administration.

With tax day in the U.S. fast approaching, most people are opting to e-file their returns. But while online tax filing and payment have become more popular, so have tax scams targeting unsuspecting taxpayers. Here are some common online tax scams to avoid.

India has recently announced plans to introduce new security testing for smartphones to improve the security of its citizens' personal information and prevent cyber threats from compromising sensitive data. The move comes in response to concerns about the increasing reliance on smartphones in India, which has made the country vulnerable to cyber-attacks and data breaches.