Fraud News Roundup for August 13 – August 26
In an effort to keep our Fraud.net followers abreast of stories and information that may impact their businesses, we have curated the following list of recent fraud-related news.
T-Mobile Data Breach Impacts Millions of Customers
Telecommunication giant T-Mobile was hacked in a breach that could have exposed up to 100 million of their customer’s personal information. The data is allegedly being sold on the dark web.
Nokia Subsidiary Hit by Ransomware Attack
A Nokia subsidiary was hit by a ransomware attack that stole 250GB of sensitive personal information and encrypted their system.
Phishing Attacks Costing Companies 4X Compared to 6 Years Ago
A new study has revealed that the cost of phishing attacks increased 4X over the past six years. For large U.S. companies, this results in an annual average cost of $1,500 per employee.
New Phishing Attack Spoofing UPS.com
A new sophisticated phishing scam is spoofing the UPS.com site to distribute a malicious document. The scheme’s email includes numerous legitimate links to obfuscate theintent.
Consortium Created to Protect Connected Cars
Auto and IT companies are creating a consortium designed to protect connected cars from cyberattacks. The companies include Toyota, Nissan, NTT, and Trend Micro.
Half of U.S. Hospitals Shut Down Network Because of Ransomware
A survey of U.S. hospitals found that 48% had shut down their networks in the last six months due to a ransomware attack or proactively to avoid a breach.
Small New Hampshire Town Defrauded of $2.3 Million by BEC Scheme
The small town of Peterborough, NH, was defrauded of $2.3 million by international criminals using a BEC scheme to divert funds.
Fight Fraud Efficiently with Fraud.net
Fraud.net’s suite of products helps protect businesses from many different types of fraud and can benefit your business no matter the industry – eCommerce, banking, marketing, and more. Powered by AI and Machine Learning, you can fight fraud efficiently and save both your reputation and your profits.
Contact us today for a free demo of our products and recommendations.