We recently uncovered a scam in an underground forum that shows how data obtained through phishing and malware attacks can be used to execute check fraud.
Social engineering plays an extremely significant role in the success of phishing attacks. Users must be able to identify malicious messages.
With critical business services migrating to the cloud, service providers and cloud payroll services have become a prime target for cyber criminals.
Certain banks are now confronting a new form of fraud. A piece of malware known as Shylock uses live chat to steal personal data from unsuspecting victims.
Two cyber crime rings are selling login credentials in so-called "factory outlets" for social networking sites such as Facebook, Twitter and cPanel.
Even security-savvy users can fall for fake social engineering attacks through malicious emails sent by cyber criminals to install malware.
Mobile users are reportedly more likely to succumb to phishing attacks based on the manner in which they access certain websites.
Users who submit data to phishing emails can see the integrity of that information compromised by a fraudster within a 'goldern hour' of 60 minutes.
The use of real-time phishing to bypass two-step authentication is on the rise, and online banking customers should be on guard.