Tag: citibank
Telegram: The New “Epicenter for Cybercrime” – February 1st
A report released by cybersecurity researchers at Guardio Labs called attention to the emergence of Telegram as the 'epicenter for cybercrime'. The Guardio researchers attribute the rise of Telegram for cybercrime to the "democratization" of the phishing ecosystem enabled by the messaging platform, allowing threat actors to initiate a mass attack for as low as $230.
Cost of texting fraud rises fivefold in three years
The official cost of texting fraud in 2022 rose to $330 million, representing a fivefold increase since 2019, with an average cost of $1,000 to the victims concerned. But the US Federal Trade Commission (FTC), which issued the figures, acknowledges that this is only the tip of a gigantic cybercrime iceberg, as most phone scams go unreported.