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Category Archives: Cybercrime

New FTC Data Shed Light on Companies Most Frequently Impersonated by Scammers

FTC: “New data from the Federal Trade Commission shows that Best Buy/Geek Squad, Amazon, and PayPal are the companies people report scammers impersonate most often. A newly released data spotlight shows that consumers in 2023 submitted about 52,000 reports about scammers impersonating Best Buy or its Geek Squad tech support brand, followed by about 34,000 reports about scammers impersonating Amazon. PayPal was the third-most impersonated company with about 10,000 reports from consumers. When it comes to the amount lost, though, consumers reported losing far more money to scammers impersonating Microsoft and Publishers Clearing House than any other companies. Consumers reported losing a total of $60 million to Microsoft impersonation scams and $49 million to Publishers Clearing House impersonation scams…”

Hacked data reveals which US gun sellers are behind Mexican cartel violence

USA TODAY exclusive: “A massive leak of Mexican military intelligence has exposed for the first time in two decades U.S. gun shops and smugglers tied to 78,000 firearms recovered south of the border – and which types of guns are being trafficked. The nuggets of information are among roughly 10 million records hacked by an… Continue Reading

Giving Windows total recall of everything a user does is a privacy minefield

The Register: “Microsoft’s Windows Recall feature is attracting controversy before even venturing out of preview. Like so many of Microsoft’s AI-infused products, Windows Recall will remain in preview while Microsoft refines it based on user feedback – or simply gives up and pretends it never happened. The principle is simple. As noted earlier, Windows takes… Continue Reading

Google – Introducing the Frontier Safety Framework

The Framework – The first version of the Framework announced today builds on our research on evaluating critical capabilities in frontier models, and follows the emerging approach of Responsible Capability Scaling. The Framework has three key components: Identifying capabilities a model may have with potential for severe harm. To do this, we research the paths… Continue Reading

It is dangerously easy to hack the world’s phones

The Economist – A system at the heart of global telecommunications is woefully insecure [no paywall] “For year security experts have warned that a technology at the heart of global communications is dangerously insecure. Now there is proof that it has been used to snoop on people in America. Kevin Briggs, an official at America’s… Continue Reading

Pete Recommends – Weekly highlights on cyber security issues, May 18, 2024

Via LLRX – Pete Recommends – Weekly highlights on cyber security issues, May 18, 2024 – Privacy and cybersecurity issues impact every aspect of our lives – home, work, travel, education, finance, health and medical records – to name but a few. On a weekly basis Pete Weiss highlights articles and information that focus on… Continue Reading

AI in Finance and Banking, May 15, 2024

Via LLRX – AI in Finance and Banking, May 15, 2024 – This semi-monthly column by Sabrina I. Pacifici highlights news, government documents, NGO/IGO papers, industry white papers, academic papers and speeches on the subject of AI’s fast paced impact on the banking and finance sectors. The chronological links provided are to the primary sources,… Continue Reading

What I wish I’d known before my smartphone was snatched

FT.com – unpaywalled: “Phone theft is rising at a rapid pace. And far more lucrative than the value of the handset, organised criminal gangs know that our smartphones have become the gateway to a vast amount of our personal financial information. They will go to incredible lengths to steal phones unlocked, deploying tactics including “shoulder… Continue Reading

Rising Cyber Threats Pose Serious Concerns for Financial Stability

IMF: “Cyberattacks have more than doubled since the pandemic. While companies have historically suffered relatively modest direct losses from cyberattacks, some have experienced a much heavier toll. US credit reporting agency Equifax, for example, paid more than $1 billion in penalties after a major data breach in 2017 that affected about 150 million consumers. As… Continue Reading