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If you are retired and do not have a source of income to replace the savings you lost to scammers, the impact of cyber fraud can be devastating.

Getting older is a fact of life. cyber criminals They are exploring ways to obtain rich prey in rapidly aging societies.

They are increasingly targeting senior citizens because they believe these targets have more money to steal and are potentially less digitally aware to spot early warning signs of a scam.

In 2022, $3.1 billion in cybercrime damage was reported to the FBI by people over the age of 60 as a result of 88,262 incidents. While this figure represents an 82 percent increase from the previous year, there are many more cases that have gone unreported.

fraud

  1. Phishing

A threat that is the scourge of the modern internet: Phishing. A phishing email, phone call or social media message arrives unsolicited. The scammer impersonates a legitimate organization and requests that you provide information such as account logins or click on a link or open an attachment. The former may allow them to take over your accounts, while the latter may result in downloading malware designed to steal more data or crash your computer.

  1. Romance fraud method

The FBI says romance scams earned scammers $734 billion in 2022. Scammers create fake profiles on dating sites, befriend lonely hearts and establish rapport with the aim of extorting as much money as possible. Their typical story is that they need money for medical bills or to travel to see their significant other.

  1. Care/health services

The scammer impersonates a “Medical Care” representative to obtain personal and medical information that can be sold to others to commit health insurance fraud. They can do this via email, over the phone or even face to face.

  1. Technical support

In one of the oldest phone-based scams, the scammer impersonates a legitimate organization, such as a technology company or telecommunications provider, and tells you there is a problem with your computer. This may happen suddenly, or you may be prompted to call a “hotline” after a harmless but alarming pop-up appears on your computer. The scammer may trick you into accessing the machine. They will try to find a way to make money from you. It may do this by saying that the machine needs unnecessary “protection” or “upgrading” or by stealing financial information from the machine.

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  1. Online shopping scam

Scammers create legitimate-looking online stores. It then attracts users to visit these stores through phishing emails or unsolicited texts or social media messages. Products are often marked with incredible offers. However, the products are fake, stolen or unavailable and the real purpose is to steal your card information.

  1. robocall

Robocalls rely on automated technology to disrupt large numbers of recipients simultaneously. A pre-recorded message can be used to offer free or heavily discounted products. Or it can be used to scare the recipient into responding, for example by telling them they are the subject of an upcoming lawsuit. If you respond, scammers will try to obtain your personal and financial information.

  1. imitation of government

In this case, the scammer pretends to be calling from the Internal Revenue Service, Medical Health Services, or another government agency to request unpaid taxes or other payments. They aggressively warn that failure to pay could lead to arrest or other penalties.

  1. lottery scam

A scammer calls you out of the blue and claims that you won the lottery and all you have to do to get your winnings back is to pay a small processing fee or tax up front. Of course, there is no reward and your money will disappear.

  1. Grandparent scam

A scammer calls you unannounced, pretending to be a relative in danger. Usually “Hello grandma, do you know who this is?” They start by saying something like and then follow up with a painful story designed to persuade you to send cash to help them. They usually request payment via money transfer or a cash app. They may ask you to keep everything secret. In some variations on this theme, the scammer poses as a police officer, doctor, or lawyer trying to help your grandchild. Advances in artificial intelligence software known as deepfakes could even enable them to more accurately imitate your grandchild’s voice and carry out what’s called a “virtual kidnapping scam.”

  1. investment scam

This category, where cybercriminals earned the highest income, earning more than $3.3 billion in 2022, generally refers to get-rich-quick schemes that promise low risk and guaranteed returns through cryptocurrency investments. In reality, the entire plan is built on sand.

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Security

The Eight Most Common Mobile Threats

We trust our mobile phones with everything, both private and work-related, but we do not pay enough attention to mobile security. Don’t underestimate the issue of mobile threats.

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We trust our mobile phones with everything, both private and work-related, but we do not pay enough attention to mobile security. Don’t underestimate the issue of mobile threats.

According to a recently released report by Verizon, many people underestimate the issue of mobile threats. Almost half (49%) of users believe that clicking on a malicious link or attachment could only negatively impact their device.

The average user’s SMS phishing The probability of being exposed to attacks is 6-10 times higher than email-based attacks.

People often combine their personal and work lives on a single device. 78 percent of users use their work devices for personal activities, and 72 percent use their personal devices for business activities.

mobile threat

The most common mobile threat topics:

Phishing: Attackers use social engineering techniques to persuade individuals to click on malicious links, share personal information, download malware, or provide account information via email (phishing), SMS (smishing), or calls (vishing).

SIM hijacking: SIM hijacking occurs when an attacker uses personal information they find on the internet to impersonate someone else and contact a telecom provider to redirect your calls or messages to their device, giving them easy access to your data.

Malicious apps: Disguised as legitimate applications, these applications are often accidentally downloaded from unofficial sources such as third-party app stores or websites, or through phishing emails that direct victims to visit these app stores and websites.

Once installed on a device, these malicious apps can perform various harmful actions such as data theft, financial fraud, or acting as spyware.

mobile threat

Fake banking apps: It is a dangerous type of malicious application. If you unknowingly download and install a fake banking app, you could enter sensitive information such as login details, account numbers, and other personal data into the app and unintentionally hand that information over to cybercriminals.

Fake credit apps: Deceptive apps posing as legitimate lenders offering high-interest loans are created by cybercriminals to collect victims’ personal and financial information. They can then use the collected data for identity theft, financial fraud or other malicious activities.

Ransomware: During a ransomware attack, cybercriminals may encrypt your files and demand a payment. They may claim that if you accept their demands, they will give you a decryption key. Unfortunately, this is not always the case.

Poor physical security: Weak authentication methods are a big problem when it comes to mobile threats. Cyber ​​criminals who take over your device can easily access your data or payment information and use it as they wish.

Similarly, if you lose your device and it is not adequately protected, you can jeopardize not only your own cybersecurity but also your company’s cybersecurity.

Unsecure Wi-Fi: If you’re using public Wi-Fi at a hotel or coffee shop, you may be the target of a man-in-the-middle (MITM) attack, in which an attacker can interfere with communications between your device and the website you want to connect to.

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Security

Do Wearable Devices Present a Privacy Risk?

Smartwatches, fitness trackers and other wearable devices have become as commonplace as our mobile phones and tablets. These connected devices do much more than tell the time.

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Smartwatches, fitness trackers and other wearable devices have become as commonplace as our mobile phones and tablets. These connected devices do much more than tell the time.

While wearable devices are entering our daily lives more than ever before, they are also collecting more data and connecting to an increasing number of other smart systems.

It is useful to understand these potential security and privacy risks in advance. Threatening There are many ways for actors to monetize attacks against smart wearable devices and the related application and software ecosystem.

They can intercept and manipulate data and passwords and unlock lost or stolen devices. There are also potential privacy concerns about secretly sharing personal data with third parties.

wearable devices

Where do wearable device ecosystems fall short?

The device you plug in is only part of the picture. In fact, there are multiple elements, from the device’s software to the protocols it uses to connect to its application and back-end cloud servers. All are vulnerable to attack if security and privacy have not been properly taken into account by the manufacturer. Here are a few of them:

Bluetooth: Bluetooth Low Energy is often used to pair wearable devices with your smartphone. However, over the years, numerous security vulnerabilities have been discovered in the protocol. These vulnerabilities could allow close-range attackers to crash devices, spy on information, or manipulate data.

Devices: Often the software on the device is vulnerable to external attacks due to bad programming. Even the best designed watch is ultimately made by humans and therefore may contain coding errors. These can lead to privacy leaks, data loss, and more. Additionally, weak authentication/encryption on devices can mean that they are subject to interception and eavesdropping. Users should also be aware of shoulder surfers when viewing sensitive messages/data on their wearable devices in public places.

Applications: Smartphone apps connected to wearable devices are another attack route. They can be poorly written and full of security vulnerabilities, revealing access to user data and devices. Another risk is that applications and even users are careless about data. You may accidentally download fake apps designed to look like legitimate apps and enter your personal information into them.

Back servers: As mentioned, providers’ cloud-based systems can store device information, including location data and other details. This presents a tempting target for attackers. There’s not much you can do about this other than choosing a reputable provider with a good track record in security.

wearable devices

Tips for keeping wearable devices safe

  • Be careful to choose reputable wearable device providers.
  • Take a close look at the privacy and security settings to make sure they are configured correctly.
  • Change settings to prevent unauthorized pairing.
  • Turn on two-factor authentication.
  • Password protect lock screens.

Protect your smartphone:

  • Only use legal app stores
  • Keep all software updated
  • Never jailbreak/root devices
  • Limit app permissions
  • Install reputable security software on the device

Protect your smart home:

  • Don’t sync wearables to your front door
  • Take care to keep devices on the guest Wi-Fi network
  • Update all devices to the latest firmware
  • Make sure all device passwords have been changed from factory default settings
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Security

53% of Malware Steals Data!

The share of corporate devices compromised by data-stealing malware has increased by a third since 2020. 21% of employees whose devices were infected ran the malware repeatedly.

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The share of corporate devices compromised by data-stealing malware has increased by a third since 2020. 21% of employees whose devices were infected ran the malware repeatedly.

An alarming trend has emerged that shows corporate devices are facing a growing threat from information thieves. The share of corporate users compromised by such malware has increased by 34 percent since 2020, according to data from data-stealing malware session files found on the dark web.

By 2023, experts show that one in every two devices (53%) infected with identity-stealing software will be corporate. Data shows that the most infostealer infections are found in Windows 10 Enterprise edition.

malicious

Recommended Steps to Minimize the Impact of Data Leakage

After infecting a single device, cybercriminals can gain access to entire accounts – both personal and corporate. According to Kaspersky statistics, a session file contains, on average, 1.85 corporate web applications containing a login with a corporate email address.

These applications include webmail applications, customer data processing systems, internal portal and more.

To minimize the impact of a data leak caused by phishing activities, we recommend you follow the steps below

  • Immediately change the passwords of compromised accounts and monitor these accounts for suspicious activity;
  • Advise potentially infected users to run antivirus scans and remove malware on all devices;
  • Monitor dark web markets for compromised accounts to detect compromised accounts before they impact the cybersecurity of customers or employees.
  • To detect potential threats and take immediate action security software use it.

For greater protection against skimming infections, develop an employee security awareness program and offer regular training and evaluations.

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