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THERE'S GLITCH 📢 Young Adults Report Highest Median Loss in Scams

THERE'S GLITCH 📢 Young Adults Report Highest Median Loss in Scams

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This week, there's a glitch :

🔥 WPP Chief Warns of Deepfake Voicemail Scheme
📢 Beware of Authentication-in-the-Middle Attacks: A Growing Phishing Threat
💵 Young Adults Report Highest Median Loss in Scams

🔥WPP Chief Warns of Deepfake Voicemail Scheme

Mark Read was the victim of a sophisticated deepfake scam in which criminals attempted to persuade another agency leader to assist in establishing a new business and provide funding by using generative AI to clone his voice among other techniques. Even though the scam eventually failed, Read sent an internal memo warning the company's senior managers to be on the lookout for similar schemes going forward. According to UK newspaper The Guardian, the con artists also used a fictitious WhatsApp account and YouTube footage to arrange a supposedly Microsoft Teams meeting between Read, another unnamed WPP executive, and other individuals.

GPT-4o, an advanced multimodal model that integrates text, vision, and audio processing and sets new performance benchmarks along with a slew of new features, was just unveiled by OpenAI.
As tech giants rush to incorporate AI into wearable devices, Meta is reportedly in the early stages of developing AI-powered earphones, known internally as "Camerabuds." The company hopes to compete with OpenAI and Apple in this market.
Google might be subject to even more criticism from publishers, who had already accused the company of violating the California Journalism Protection Act by blocking news articles.
OpenAI and Reddit announced a deal yesterday that will bring content from Reddit directly into ChatGPT.

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📢 Beware of Authentication-in-the-Middle Attacks: A Growing Phishing Threat

a man in a hoodie using a laptop computer

Many websites and services now require multi-factor authentication (MFA), making it harder for cybercriminals to access your accounts. That’s great. Cybercriminals constantly seek new ways to scam us as security evolves. Online media shows authentication-in-the-middle phishing. These techniques, named after man-in-the-middle (MitM) attacks, have been around for a while but are gaining popularity. Users are tricked into visiting phishing sites that look like their bank, email, or social media accounts. After entering their login into the fake site, cybercriminals redirect them to the real site without their knowledge. User MFA is then requested. They enter a code or accept a push notification, and the criminals can login to the site with this information. [Read more]

💵 Young Adults Report Highest Median Loss in Scams

a pile of bitcoins sitting on top of each other

The Better Business Bureau's (BBB) yearly Scam Tracker Risk Report says that in 2023, 70% of fraud reports were related to online scams. The study looked at who is being targeted, how scams are carried out, and which scams have the biggest impact on customers. These days, cryptocurrency and investment scams rank among the riskiest.

Proofpoint researchers reported yesterday that a Chinese-speaking hacking group is phishing U.S. artificial intelligence company employees.
MediSecure, an Australian prescriptions provider, was the latest healthcare organisation to be ransomware attacked, with thieves stealing patient data.
The Spanish financial company Santander has revealed that it was the victim of a data breach that allowed a third-party provider's database to be accessed.
CYBERUK At CYBERUK, the annual conference hosted by British intelligence unit the National Cyber Security Centre (NCSC), there is usually a theme in addition to the usual conference panels.

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On Thursday, crypto personality Thomas John Sfraga, known as “TJ Stone,” pleaded guilty to wire fraud for defrauding over a dozen victims of over $1.3 million in Brooklyn federal court.
A web domain used in the recent cryptocurrency confidence crime known as "pig butchering" has been taken by the U.S. Secret Service.
The self-proclaimed “Crypto King,” Aiden Pleterski, is charged with $5,000 fraud and money laundering. Pleterski, 25, was released on bail Tuesday and faces these charges, according to the Oshawa courthouse.
Binance, the world's largest cryptocurrency exchange, is fighting Nigerian authorities over money laundering, tax evasion, and currency speculation.

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