Been having lots of conversations about digital identities and digital wallets lately. It is a theme that has been bubbling for years, yet seem to now be coming to a head. From the EU Digital Wallet and Identity program to India’s Aadhaar and UPI to Brazil’s Pix, there’s definitely something afoot. The core of the … Read more
Authorities in at least two U.S. states last week independently announced arrests of Chinese nationals accused of perpetrating a novel form of tap-to-pay fraud using mobile devices. Details released by authorities so far indicate the mobile wallets being used by the scammers were created through online phishing scams, and that the accused were relying on … Read more
Fraudsters have a novel new — errr — old tactic to scam targets into paying out ransoms.The FBI via the Cybersecurity and Infrastructure Security Agency (CISA) issued an alert over an ongoing scam operation that targets C-suite executives in hopes of getting a ransomware payout.The threat actors claim to be affiliated with the BianLian ransomware … Read more
Microsoft revealed an ongoing spear-phishing campaign that abuses the legitimate device code authentication flow to gain access to Microsoft 365 accounts.Device code authentication is used to access Microsoft 365 services from “input-constrained devices” such as printers, smart TVs, game consoles and other internet-of-things (IoT) devices that do not have a web browser.Microsoft said in a … Read more
A federal grand jury has indicted a 51-year-old church pastor on 26 counts of fraud, after allegedly using his position to deceive victims into investing in a cryptocurrency investment scam. That in itself would seem unusual, but what is even more bizarre is that the the pastor alleged to be behind the scheme claims that … Read more