Fraud Prevention | Breaking Cybersecurity News | The Hacker News

Checking the mail in December is typically a pleasant experience, filled with holiday cards and packages. Then comes January. Besides the Christmas bills, mailboxes begin to overflow with W-2s, 1099s, statements from financial institutions, and IRS forms. It's no wonder John Ulzheimer, president of consumer education for Smartcredit.com, calls January the most dangerous month for mail. "January is a high-value month for thieves," he said. It's particularly easy for thieves to dip into someone's mailbox, take the envelopes, and gain all the information needed to steal someone else's identity. How to best protect mail, short of meeting the mail carrier at the mailbox each day, is a significant challenge. You shouldn't stop your mail because many items are time-sensitive. Creating an alternative delivery destination, like a P.O. box, could cause more trouble than it's worth, said Ulzheimer. The first step is to know what tax-related statements you s...

When Ben Franklin famously wrote, "An ounce of prevention is worth a pound of cure," he wasn't thinking about cybercrime. Yet, in today's world of phishing, shoulder-surfing, and spyware, his advice is more relevant than ever. Unfortunately, some people will take advantage of any opportunity to rip you off. Just as you take precautions when handling cash, you should be vigilant when using credit or debit cards, whether in person or online. Tips for Protecting Your Account Information and Avoiding Payment Card Scams Prevent Online Intrusions Use updated anti-virus and anti-spyware software. Only download information from trusted sites, and don't click on pop-up windows or suspicious links in emails. These can be tricks to install spyware, which can record your keystrokes to steal account or other confidential information. Use Secure Websites When purchasing items online, look for safety symbols like the padlock icon in the browser's status bar, an "s" after "http" in the U...

Criminals are posing as IT support staff, calling unsuspecting U.K. internet users to push rogue antivirus software. GetSafeOnline.org reports this as part of their Internet safety week campaign. These scam operations often involve up to 400 people using sales techniques and social engineering to deceive victims. The goal is to obtain credit card information through the sale of rogue antivirus software or gain remote access to the victim's system for future use. Typically, the scam begins with an unexpected call. The caller, pretending to be an IT helpdesk technician, builds rapport with the victim, presenting themselves as trustworthy by using personal information available online. The victim is then questioned about computer problems like slow email or internet browsing. Once the victim admits to an issue, the caller exaggerates the problem and offers a solution for a small fee. The caller might say, "For a small fee, we can install something to fix your system and clean it c...

Money mules have been aggressively recruited this year to help cybercriminals launder money, according to Fortinet. A recent example of this is the worldwide prosecution of a Zeus criminal operation, which included 37 charges against alleged money mules. Recent Zeus stories illustrate how prevalent money mules have become and how they are being used to filter, disguise, and spread money transfers. Today, mules are typically recruited into criminal organizations through legitimate-looking advertisements. A suspect ad may suggest a client is looking for a "payment processing agent," "money transfer agent," or something as vague as an "administrative representative." These recruitment ads can be found anywhere from print and online job sites to direct points of contact. While many mules likely enter into the business relationship knowing the full criminal implications of what they are doing, a surprising number do not. One of the most recent money mule rec...