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Cybersecurity Weekly: Scam cryptocurrency apps, PayPal spoofing, CEO impersonation scams

July 25, 2022 by Ryan Miner

Scam crypto investment apps, hackers spoofing popular brands to phish victims, and preventing CEO impersonation scams. All these and more in this week’s edition of Cybersecurity Weekly.

1. FBI warning: Beware of scam cryptocurrency investment apps

Would-be cryptocurrency investors are being targeted in a scam that has already stolen more than $42.7 million from 244 victims, according to the latest private industry notification from the Federal Bureau of Investigation.
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2. Hackers use PayPal accounts to spoof popular brands, create fake invoices

Avanan researchers say hackers use the legitimacy of popular sites to send phishing emails with malicious invoices and then request payments.
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3. How Conti ransomware hacked and encrypted the Costa Rican government

Details have emerged on how the Conti ransomware gang breached the Costa Rican government, showing the attack’s precision and the speed of moving from initial access to the final stage of encrypting devices.
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4. Preventing CEO impersonation phishing scams

Addressing the issue of CEO impersonation scams requires more than just learning to recognize the signs. It demands a multi-pronged approach that combines education with a robust verification process and, in some cases, a shift in company culture.
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5. Windows 11 is getting a new security setting to block ransomware attacks

 Microsoft releases a new default policy to thwart credential attacks, which is also heading to Windows 10.
Read more »

Posted: July 25, 2022
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Ryan Miner
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