Cybercriminals are exploiting vulnerable individuals by transforming them into unwitting money mules through a sophisticated fraud known as the ‘rent-a-bank-account’ scam. This scam involves fraudsters enticing people, often those in financial distress, with promises of quick cash in exchange for temporarily “lending” their bank accounts for transactions. Luring Victims with Promises of Easy Money A […]

The post Cybercriminals Are Turning Ordinary Citizens Into Money Mules in a New ‘Rent-a-Bank-Account’ Scam appeared first on GBHackers Security | #1 Globally Trusted Cyber Security News Platform.

Article URL: https://gbhackers.com/cybercriminals-are-turning-ordinary-citizens/

Threat actors continue to develop and leverage various techniques that aim to compromise cloud identities. Despite advancements in protections like multifactor authentication (MFA) and passwordless solutions, social engineering remains a key aspect of phishing attacks. Implementing phishing-resistant solutions, like passkeys, can improve security against these evolving threats.

The post Defending against evolving identity attack techniques appeared first on Microsoft Security Blog.

Article URL: https://www.microsoft.com/en-us/security/blog/2025/05/29/defending-against-evolving-identity-attack-techniques/

In a concerning revelation from the latest IBM X-Force 2025 Threat Intelligence Index, approximately one-third of cyber attacks now involve highly sophisticated techniques aimed at stealing login credentials rather than employing traditional brute-force hacking methods. The report highlights that 30% of incident response engagements involved threat actors using valid account credentials as their initial access […]

The post IBM Warns of One-Third of Cyber Attacks are Highly Sophisticated to Steal Login Credentials appeared first on Cyber Security News.

Article URL: https://cybersecuritynews.com/ibm-warns-of-one-third-of-cyber-attacks-are-highly-sophisticated/