ReversingLabs identified cybercriminals duping certificate authorities by impersonating legitimate entities and then selling the certificates on the black market.
ReversingLabs identified cybercriminals duping certificate authorities by impersonating legitimate entities and then selling the certificates on the black market.
I can’t recall the last time I gave my teenage daughter cash for anything. If she needs money for gas, I Venmo it. A Taco Bell study break with the roommates? No problem. With one click, I transfer money from my Venmo account to hers. She uses a Venmo credit card to make her purchase. To this mom, cash apps may be the best thing to happen to parenting since location tracking became possible. But as convenient as these apps may be, are they safe for your family to use?
The research company, eMarketer, estimates that 96.0 million people used Peer-to-Peer (P2P) payment services this year (that’s 40.4% of all mobile phone users), up from an estimated 82.5 million last year.
P2P technology allows you to create a profile on a transfer app and link your bank account or credit card to it. Once your banking information is set up, you can locate another person’s account on the app (or invite someone to the app) and transfer funds instantly into their P2P account (without the hassle of getting a bank account number, email, or phone number). That person can leave the money in their app account, move it into his or her bank account, or use a debit card issued by the P2P app to use the funds immediately. If the app offers a credit card (like Venmo does), the recipient can use the Venmo card like a credit card at retailers most anywhere.
Some of the more popular P2P apps include Venmo, Cash App, Zelle, Apple Pay, Google Wallet, PayPal.me, Facebook Messenger, and Snapcash, among others. Because of the P2P platform’s rapid growth, more and more investors are entering the market each day to introduce new cash apps, which is causing many analysts to speculate on need for paper check transactions in the future.
While sending your hard-earned money back and forth through cyberspace on an app doesn’t sound safe, in general, it is. Are there some exceptions? Always.
Online scam trends often follow consumer purchasing trends and, right now, the hot transaction spot is P2P platforms. Because P2P money is transferred instantly (and irreversibly), scammers exploit this and are figuring out how to take people’s money. After getting a P2P payment, scammers then delete their accounts and disappear — instantly.
In 2018 Consumer Reports (CR) compared the potential financial and privacy risks of five mobile P2P services with a focus on payment authentication and data privacy. CR found all the apps had acceptable encryption but some were dinged for not clearly explaining how they protected user data. The consumer advocacy group ranked app safety strength in this order: Apple Pay, Venmo, Cash App, Facebook Messenger, and Zelle. CR also noted they “found nothing to suggest that using these products would threaten the security of your financial and personal data.”
While any app’s architecture may be deemed safe, no app user is immune from scams, which is where app safety can make every difference. If your family uses P2P apps regularly, confirm each user understands the potential risks. Here are just a few of the schemes that have been connected to P2P apps.
Fraudulent sellers. This scam targets an unassuming buyer who sends money through a P2P app to purchase an item from someone they met online. The friendly seller casually suggests the buyer “just Venmo or Cash App me.” The buyer sends the money, but the item is never received, and the seller vanishes. This scam has been known to happen in online marketplaces and other trading sites and apps.
Malicious emails. Another scam is sending people an email telling them that someone has deposited money in their P2P account. They are prompted to click a link to go directly to the app, but instead, the malicious link downloads malware onto the person’s phone or computer. The scammer can then glean personal information from the person’s devices. To avoid a malware attack, consider installing comprehensive security software on your family’s computers and devices.
Ticket scams. Beware of anyone selling concert or sporting event tickets online. Buyers can get caught up in the excitement of scoring tickets for their favorite events, send the money via a P2P app, but the seller leaves them empty-handed.
Puppy and romance scams. In this cruel scam, a pet lover falls in love with a photo of a puppy online, uses a P2P app to pay for it, and the seller deletes his or her account and disappears. Likewise, catfish scammers gain someone’s trust. As the romantic relationship grows, the fraudulent person eventually asks to borrow money. The victim sends money using a P2P app only to have their love interest end all communication and vanish.
Only connect with family and friends. When using cash apps, only exchange money with people you know. Unlike an insured bank, P2P apps do not refund the money you’ve paid out accidentally or in a scam scenario. P2P apps hold users 100% responsible for transfers.
Verify details of each transfer. The sender is responsible for funds, even in the case of an accidental transfer. So, if you are paying Joe Smith your half of the rent, be sure you select the correct Joe Smith, (not Joe Smith_1, or Joe Smithe) before you hit send. There could be dozens of name variations to choose from in an app’s directory. Also, verify with your bank that each P2P transaction registers.
Avoid public Wi-Fi transfers. Public Wi-Fi is susceptible to hackers trying to access valuable financial and personal information. For this reason, only use a secure, private Wi-Fi network when using a P2P payment app. If you must use public Wi-Fi, consider using a Virtual Private Network (VPN).
Don’t use P2P apps for business. P2P apps are designed to be used between friends and include no-commercial-use clauses in their policies. For larger business transactions such as buying and selling goods or services use apps like PayPal.
Lock your app. When you have a P2P app on your phone, it’s like carrying cash. If someone steals your phone, they can go into an unlocked P2P app and send themselves money from your bank account. Set up extra security on your app. Most apps offer PINs, fingerprint IDs, and two-factor authentication. Also, always lock your device home screen.
Adjust privacy settings. Venmo includes a feed that auto shares when users exchange funds, much like a social media feed. To avoid a stranger seeing that you paid a friend for Ed Sheeran tickets (and won’t be home that night), be sure to adjust your privacy settings.
Read disclosures. One way to assess an app’s safety is to read its disclosures. How does the app protect your privacy and security? How does the app use your data? What is the app’s error-resolution policy? Feel secure with the app you choose.
We’ve learned that the most significant factor in determining an app’s safety comes back to the person using it. If your family loves using P2P apps, be sure to take the time to discuss the responsibility that comes with exchanging cash through apps.
The post Are Cash Transfer Apps Safe to Use? Here’s What Your Family Needs to Know appeared first on McAfee Blogs.
New research from the world’s largest dedicated cybersecurity firm, McAfee, has revealed that two thirds (67%) of Aussies are embarrassed by the content that appears on their social media profiles. Yikes! And just to make the picture even more complicated, 34% of Aussies admit to never increasing the privacy on their accounts from the default privacy settings despite knowing how to.
So, next time these Aussies apply for a job and the Human Resources Manager decides to ‘check them out online’, you can guess what the likely outcome will be…
For many Aussies, social media accounts operate as a memory timeline of their social lives. Whether they are celebrating a birthday, attending a party or just ‘letting their hair down’ – many people will document their activities for all to see through a collection of sometimes ‘colourful’ photos and videos. But sharing ‘good times’ can become a very big problem when social media accounts are not proactively managed. Ensuring your accounts are set to the tightest privacy settings possible and curating them regularly for relevance and suitability is essential if you want to keep your digital reputation in-tact. However, it appears that a large proportion of Aussies are not taking these simple steps.
McAfee’s research shows that 28% of Aussies admit to either never or not being able to recall the last time they checked their social media timeline. 66% acknowledge that they have at least one inactive social media account. 40% admit that they’ve not even thought about deleting inactive accounts or giving them a clear-out and concerningly, 11% don’t know how to adjust their privacy settings! So, I have no doubt that some of the Aussies that fall into these groups would have NOT come up trumps when they were ‘checked out online’ by either their current or future Human Resources Managers!!
What Social Media Posts Are Aussies Most Embarrassed By?
As part of the research study, Aussies were asked to nominate the social media posts that they have been most embarrassed by. Here are the top 10:
As well as the potential to hurt career prospects, relaxed attitudes to social media could be leaving the door open for cybercriminals. If you are posting about recent purchases, your upcoming holidays and ‘checking-in’ at your current location then you are making it very easy for cybercriminals to put together a picture of you and possibly steal your identity. And having none or even default privacy settings in place effectively means you are handing this information to cybercriminals on a platter!!
Considering how much personal information and images most social media accounts hold, it’s concerning that 16 per cent of Aussies interviewed admitted that they don’t know how to close down their inactive social media accounts and a third (34%) don’t know the passwords or no longer have access to the email addresses they used to set them up – effectively locking them out!
The good news is that there are things we can do TODAY to improve our social media hygiene and reduce the risk of our online information getting into the wrong hands. Here are my top tips:
If you think you (or one of your kids) might just identify with the above ‘relaxed yet risky’ approach to managing your social media, then it’s time to act. Finding a job is hard enough in our crowded job market without being limited by photos of your latest social gathering! And no-one wants to be the victim of identity theft which could possibly affect your financial reputation for the rest of your life! So, make yourself a cuppa and get to work cleaning up your digital life! It’s so worth it!!
Even though most of us are aware of the potential risks, we continue to journal and archive our daily lives online publically. It’s as if we just can’t help it. Our kids are just so darn cute, right? And, everyone else is doing it, so why not join the fun?
One example of this has become the digital tradition of parents sharing first-day back-to-school photos. The photos feature fresh-faced, excited kids holding signs to commemorate the big day. The signs often include the child’s name, age, grade, and school. Some back-to-school photos go as far as to include the child’s best friend’s name, favorite TV show, favorite food, their height, weight, and what they want to be when they grow up.
Are these kinds of photos adorable and share-worthy? Absolutely. Could they also be putting your child’s safety and your family’s privacy at risk? Absolutely.
Think about it. If you are a hacker combing social profiles to steal personal information, all those extra details hidden in photos can be quite helpful. For instance, a seemingly harmless back-to-school photo can expose a home address or a street sign in the background. Cyber thieves can zoom in on a photo to see the name on a pet collar, which could be a password clue, or grab details from a piece of mail or a post-it on the refrigerator to add to your identity theft file. On the safety side, a school uniform, team jersey, or backpack emblem could give away a child’s daily location to a predator.
It doesn’t take much to grab our attention or our data these days. A survey recently conducted by the Center for Data Innovation found that 58 percent of Americans are “willing to share their most sensitive personal data” (including medical and location data) in return for using apps and services.
If you love those trendy face-morphing apps, quizzes that reveal what celebrity you look like, and taking part in online challenges, you are likely part of the above statistic. As we learned just recently, people who downloaded the popular FaceApp to age their faces didn’t realize the privacy implications. Online quizzes and challenges (often circulated on Facebook) can open you up to similar risk.
Family Safety Tips
Is it wrong to want an interesting Facebook or Instagram profile? Not at all. But be mindful you are painting a picture with each detail you share. For instance: It’s easy to show off your new dog Fergie and add your email address and phone number to your social profile so friends can easily stay in touch. It’s natural to feel pride in your hometown of Muskogee, to celebrate Katie Beth‘s scholarship and Justin‘s home run. It’s natural to want to post your 23rd anniversary to your beloved Michael (who everyone calls Mickey Dee) on December 15. It’s also common to post about a family reunion with the maternal side of your family, the VanDerhoots.
While it may be common to share this kind of information, it’s still unwise since this one paragraph just gave a hacker 10+ personal details to use in figuring out your passwords.
Family Safety Tips
We’ve all unwittingly uploaded content, used apps, or clicked buttons that may have compromised our privacy. That’s okay, don’t beat yourself up. Just take a few hours and clean up, lockdown, and streamline your social content. With new knowledge comes new power to close the security gaps and create new digital habits.
The post 3 Things You [Probably] Do Online Every Day that Jeopardize Your Family’s Privacy appeared first on McAfee Blogs.
Just a few weeks into the new school year and, already, reports of malicious cyberattacks in schools have hit the headlines. While you’ve made digital security strides in your home, what concerns if any should you have about your child’s data being compromised at school?
There’s a long and short answer to that question. The short answer is don’t lose sleep (it’s out of your control) but get clarity and peace of mind by asking your school officials the right questions.
The long answer is that cybercriminals have schools in their digital crosshairs. According to a recent report in The Hill, school districts are becoming top targets of malicious attacks, and government entities are scrambling to fight back. These attacks are costing school districts (taxpayers) serious dollars and costing kids (and parents) their privacy.
According to one report, a U.S. school district becomes the victim of cyberattack as often as every three days. The reason for this is that cybercriminals want clean data to exploit for dozens of nefarious purposes. The best place to harvest pure data is schools where social security numbers are usually unblemished and go unchecked for years. At the same time, student data can be collected and sold on the dark web. Data at risk include vaccination records, birthdates, addresses, phone numbers, and contacts used for identity theft.
The top three threats against schools are data breaches, phishing scams, and ransomware. Data breaches can happen through phishing scams and malware attacks that could include malicious email links or fake accounts posing as acquaintances. In a ransomware attack, a hacker locks down a school’s digital network and holds data for a ransom.
Over the past month, hackers have hit K-12 schools in New Jersey, New York, Wisconsin, Virginia, Oklahoma, Connecticut, and Louisiana. Universities are also targeted.
In the schools impacted, criminals were able to find loopholes in their security protocols. A loophole can be an unprotected device, a printer, or a malicious email link opened by a new employee. It can even be a calculated scam like the Virginia school duped into paying a fraudulent vendor $600,000 for a football field. The cybercrime scenarios are endless.
The majority of schools are far from negligent. Leaders know the risks, and many have put recognized cybersecurity frameworks in place. Also, schools have the pressing challenge of 1) providing a technology-driven education to students while at the same time, 2) protecting student/staff privacy and 3) finding funds to address the escalating risk.
Families can add a layer of protection to a child’s data while at school by making sure devices are protected in a Bring Your Own Device (BYOD) setting. Cybersecurity is a shared responsibility. While schools work hard to implement safeguards, be sure you are taking responsibility in your digital life and equipping your kids to do the same.
The post 7 Questions to Ask Your Child’s School About Cybersecurity Protocols appeared first on McAfee Blogs.
With winter almost gone, now is the perfect time to start planning your annual spring clean. When we think about our yearly sort out, most of us think about decluttering our chaotic linen cupboards or the wardrobes that we can’t close. But if you want to minimise the opportunities for a hacker to get their hands on your private online information then a clean-up of your digital house (aka your online life) is absolutely essential.
I totally accept that cleaning up your online life isn’t exciting but let me assure you it is a must if you want to avoid becoming a victim of identity theft.
Think about how much digital clutter we have accumulated over the years? Many of us have multiple social media, messaging and email accounts. And don’t forget about all the online newsletters and ‘accounts’ we have signed up for with stores and online sites? Then there are the apps and programs we no longer use.
Well, all of this can be a liability. Holding onto accounts and files you don’t need exposes you to all sorts of risks. Your devices could be stolen or hacked or, a data breach could mean that your private details are exposed quite possibly on the Dark Web. In short, the less information that there is about you online, the better off you are.
Digital clutter can be distracting, exhausting to manage and most importantly, detrimental to your online safety. A thorough digital spring clean will help to protect your important, online personal information from cybercriminals.
Identity theft is a serious crime that can have devastating consequences for its victims. It occurs when a person’s personal information is stolen to be used primarily for financial gain. A detailed set of personal details is often all a hacker needs to access bank accounts, apply for loans or credit cards and basically destroy your credit rating and reputation.
The good news is that digital spring cleaning doesn’t require nearly as much elbow grease as scrubbing down the microwave! Here are my top tips to add to your spring-cleaning list this year:
Gather together every laptop, desktop computer, tablet and smartphone that lives in your house. Now, you need to be strong – work out which devices are past their use-by date and which need to be spring cleaned.
If it is finally time to part ways with your first iPad or the old family desktop, make sure any important documents or holiday photos are backed up in a few places (on another computer, an external hard drive AND in cloud storage program such as Dropbox and or iCloud) so you can erase all remaining data and recycle the device with peace of mind. Careful not to get ‘deleting’ confused with ‘erasing,’ which means permanently clearing data from a device. Deleted files can often linger in a device’s recycling folder.
It is not uncommon for viruses or malware to find their way onto your devices through outdated software so ensure all your internet-connected devices have the latest software updates including operating systems and browsers. Ideally, you should ensure that you are running the latest version of apps too. Most software packages do auto-update but please take the time to ensure this is happening on all your devices.
Our devices play such a huge part in our day to day lives so it is inevitable that they become very cluttered. Your kids’ old school assignments, outdated apps and programs, online subscriptions and unused accounts are likely lingering on your devices.
The big problem with old accounts is that they get hacked! And they can often lead hackers to your current accounts so it’s a no-brainer to ensure the number of accounts you are using is kept to a minimum.
Once you have decided which apps and accounts you are keeping, take some time to review the latest privacy agreements and settings so you understand what data they are collecting and when they are collecting it. You might also discover that some of your apps are using far more of your data than you realised! Might be time to opt-out!
As the average consumer manages a whopping 11 online accounts – social media, shopping, banking, entertainment, the list goes on – updating our passwords is an important ‘cyber hygiene’ practice that is often neglected. Why not use your digital spring cleaning as an excuse to update and strengthen your credentials?
Creating long and unique passwords using a variety of upper and lowercase numbers, letters and symbols is an essential way of protecting yourself and your digital assets online. And if that all feels too complicated, why not consider a password management solution? Password managers help you create, manage and organise your passwords. Some security software solutions include a password manager such as McAfee Total Protection.
Finally, wherever possible, you should enable two-factor authentication for your accounts to add an extra layer of defense against cyber criminals. Two-factor authentication is where a user is verified by opt-out password or one-off code through a separate personal device like a smart phone.
Still not convinced? If you use social media, shop online, subscribe to specialist newsletters then your existence is scattered across the internet. By failing to clean up your ‘digital junk’ you are effectively giving a set of front door keys to hackers and risking having your identity stolen. Not a great scenario at all. So, make yourself a cuppa and get to work!
Til Next Time
Capital One is one of the 10 largest banks based on U.S. deposits. As with many big-name brands, cybercriminals see these companies as an ideal target to carry out large-scale attacks, which has now become a reality for the financial organization. According to CNN, approximately 100 million Capital One users in the U.S. and 6 million in Canada have been affected by a data breach exposing about 140,000 Social Security numbers, 1 million Canadian Social Insurance numbers, and 80,000 bank account numbers, and more.
According to the New York Post, the alleged hacker claimed the data was obtained through a firewall misconfiguration. This misconfiguration allowed command execution with a server that granted access to data in Capital One’s storage space at Amazon. Luckily, Capital One stated that it “immediately fixed the configuration vulnerability.”
This breach serves as a reminder that users and companies alike should do everything in their power to keep personal information protected. If you think you might have been affected by this breach, follow these tips to help you stay secure:
The post Capital One Data Breach: How Impacted Users Can Stay More Secure appeared first on McAfee Blogs.
If you’re an avid Instagram user, chances are you’ve come across some accounts with a little blue checkmark next to the username. This little blue tick is Instagram’s indication that the account is verified. While it may seem insignificant at first glance, this badge actually means that Instagram has confirmed that the account is an authentic page of a public figure, celebrity, or global brand. In today’s world of social media influencers, receiving a verified badge is desirable so other users know you’re a significant figure on the platform. However, cybercriminals are taking advantage of the appeal of being Instagram verified as a way to convince users to hand over their credentials.
So, how do cybercriminals carry out this scheme? According to security researcher Luke Leal, this scam was distributed as a phishing page through Instagram. The page resembled a legitimate Instagram submission page, prompting victims to apply for verification. After clicking on the “Apply Now” button, victims were taken to a series of phishing forms with the domain “Instagramforbusiness[.]info.” These forms asked users for their Instagram logins as well as confirmation of their email and password credentials. However, if the victim submitted the form, their Instagram credentials would make their way into the cybercriminal’s email inbox. With this information, the cybercrooks would have unauthorized access to the victim’s social media page. What’s more, since this particular phishing scam targets a user’s associated email login, hackers would have the capability of resetting and verifying ownership of the victim’s account.
Whether you’re in search of an Instagram verification badge or not, it’s important to be mindful of your cybersecurity. And with Social Media Day right around the corner, check out these tips to keep your online profiles protected from phishing and other cyberattacks:
The post #Verified or Phishing Victim? 3 Tips to Protect Your Instagram Account appeared first on McAfee Blogs.
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