Category: Cybersecurity

Wire fraud is on the rise. According to the FTC Consumer Sentinel Network, the first two quarters of 2024 have seen 18,791 reports of wire transfer fraud with a total of $148.9 million lost to these schemes. What is Wire Fraud? Wire fraud involves the use of electronic communications ― either verbal or written ― [...]

Financial firms are being alerted to a new cyberfraud scam that all investors should be aware of and take precautions against. Here’s what is happening and what you can do about it: A popular technique of cybercriminals is to impersonate – or “spoof” – a legitimate business or individual in order to target their connections [...]

In 2023, cybercrime reached a staggering $12.5 billion according to the FBI’s Internet Crime Report. There were a record number of complaints ― over 880,000 ― which represented a 10% increase since 2022. Cybersecurity is quickly becoming one of the most talked-about security topics given the increase in data breaches, scams, and malicious attacks that [...]