Cybercrime Explodes as Pharma Financial Fraud Challenges Counterfeiting

Financial fraud committed by supposed online pharmacies may be as big a threat to society as counterfeit medicines. It’s certainly easier to pull off. Between December 2020 and the end of November 2021, the Israeli cybersecurity firm BrandShield, working with the not-for-profit Pharmaceutical Security Institute (PSI), took down more than 850 fraudulent pharmacies and more […]

CISOs aren’t doing enough to mitigate social media fraud

The cybercrime landscape has changed significantly over the past few years. Most CISOs are aware of headline-grabbing threats like ransomware and crypto scams, but comparatively few have kept up with shifting tactics in one of the oldest cyberattack vectors: phishing.

Hacker gangs target PlayStation, Nike and Apple in Black Friday web scams

ONLINE shopping fraud is a booming industry with PlayStation and Nike the two retailers most targeted by cybercriminals, according to a report by internet crime experts BrandShield Systems. The AIM-listed firm scans the internet to detect counterfeit sales and what it calls online “brand abuse”. It says that from October to November last year, suspicious […]

Black Friday scammers use Nike, PlayStation, other brands as bait

Black Friday sales in the US hit a spending record last year, with consumer spending reaching $9 billion. It’s unlikely 2021 will be any different. Experts forecast that sales will likely grow by 5%, increasing the total spending to $9.5 billion. Retailers are not the only ones eager to cash in. Scammers prep fake online […]

Beware of Fake Vacation Booking Websites Posing as Airbnb

The sun-soaked, seaside resort boasts million-dollar views, lush palm trees and plush sun loungers around a cerulean blue pool. But looks deceive. The photo appears on Airbnb24hours.com, a website the real Airbnb says is fake. Beckoning sun lovers, the phony site urges: “Make your stay fantastic. Luxury living spaces for your next adventure!”