Think you’re too smart to be scammed? Think again.
May 10, 2024
22:46
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David Reevely, cybersecurity expert, discusses the rise of sophisticated scams including fake online shops, impersonation tactics, and crypto schemes. He highlights how even educated individuals can fall victim and provides tips on how to protect against evolving scam methods.
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Quick takeaways
Scammers use non-committal inquiries to befriend targets and extract personal information.
Even educated individuals are vulnerable to scams due to increased online presence and sophisticated schemes.
Deep dives
Scamming Techniques and Strategies
Scammers are employing new techniques to target individuals, such as initiating non-committal inquiries to establish contact. By feigning familiarity through text messages, scammers aim to befriend their targets and extract personal information. The scams can either directly target individuals or exploit them to breach cyber security, showcasing a dual approach to manipulation and data extraction.
Sophistication and Vulnerability to Scams
Scammers are adept at exploiting psychological vulnerabilities, influencing even financially literate individuals to fall for elaborate schemes. Despite perceptions of immunity, educated individuals are susceptible to scams due to increased online presence and interconnectedness, providing scammers with ample attack surfaces. Research indicates that various demographics, including younger and well-educated individuals, are increasingly falling victim to scams.
Supply Chain Hacks and Data Vulnerabilities
Hackers are resorting to supply chain hacks to breach entities handling large volumes of sensitive data, amplifying risks for individuals and organizations. Despite personal precautions like unique passwords, supply chain vulnerabilities remain a critical concern, requiring legislative intervention and enhanced industry standards. Addressing data breaches and systemic vulnerabilities necessitates proactive measures by authorities to safeguard against evolving cyber threats.
Whether it’s a complex network of fake online designer shops set up to get your credit card details, a scammer impersonating your bank’s fraud department to get more personal information, or a simple “How are you today?” text that might lead to asking you to invest in a crypto scheme…scams are on the rise. And they are getting more sophisticated.
Today on the show, David Reevely, who covers cybersecurity for The Logic, on the evolution of scamming and what you can do to guard against it.