Cybercrime is on the rise. With more and more people online interacting, sharing, and buying and selling goods it’s inevitable that criminals seek to profit off that business. These fraudsters don’t operate on the Dark Web either, nope, they surf among us on the World Wide Web, ripping us off one click at a time.
To raise awareness about cybercrime, Europol and the European Banking Federation launched a campaign on Wednesday on 7 of the most common online financial scams. Investigators found that the most effective defense against social engineering is the education of potential victims – who can be anyone of us when we go online. Raising awareness among the general public on how to identify such deceiving techniques will keep both themselves and their finances safe online.
For this campaign, awareness-raising material has been developed in 27 languages, available for public download, which includes information on the 7 most common online financial scams, and how to avoid them. What are these 7 most common cybercrimes?
The internet has become very attractive for cybercriminals. Attackers are using sophisticated tricks and promises to wrench money or valuable financial information out of you. Scams featuring a long-lost deceased relative or Nigerian prince are not the only tricks in the book anymore. The tactics used by cybercriminals are becoming increasingly innovative and harder to detect. From pretending to be the CEO of your organization to impersonating a romantic interest, the online scammers of today will do what it takes to get what they want – your money and/or banking credentials.
As highlighted in the Internet Organised Crime Threat Assessment (IOCTA) 2018, social engineering continues to grow as the engine of many cybercrimes, with phishing as the most frequent form. Criminals use social engineering to achieve a range of goals: to obtain your personal data, hijack your accounts, steal your identity, initiate illegitimate payments, or convince you to proceed with any other activity against your self-interest, such as transferring money or sharing personal data. One single click can be enough to compromise your whole organization.
Read more on how to stay protected on the #CyberScams dedicated webpage.
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