DEFENSESTORM

Cyber Security RESOURCES

Thought leadership and customer testimonials are some of the many ways we build a community of trust. These cyber security resources highlight our recent research and success stories.

Cyber security risk management solutions from DefenseStorm.
“I Have Your Mom…”

Fraud Squad

“I Have Your Mom…”

What would you do if you got a frantic call from a loved one because they were in danger? Or what if an unknown caller told you that someone dear to your heart would be harmed if you didn’t comply, as the shrieks of a familiar voice begged for help in the background? Would you hang up, or would you pay up? While many people would say they wouldn’t fall for something like that, it’s becoming harder than ever to tell the difference between a scammer posing as a loved one and a genuine cry for help. And as quickly as it begins, it’s over, leaving you with emotional trauma and an empty bank account.

“I Handed Over $50,000 in a Shoe Box”

Fraud Squad

“I Handed Over $50,000 in a Shoe Box”

With cybercriminals always devising new methods to target consumers, cybersecurity experts emphasize the importance of security awareness in preventing fraud. However, despite being an acclaimed financial-advice columnist, Charlotte Cowles [Brooklyn, NY] fell victim to a manipulative scam that cost her $50,000.

Hi, It’s Your Financial Institution…or is it?

Fraud Squad

Hi, It’s Your Financial Institution…or is it?

New and innovative applications are touted as a fun way to make prank calls, but they aren’t just being used by teenagers to pull a fast one on a friend. Fraudsters are using these apps to mimic legitimate business numbers and send text messages or calls that appear to be from the victim’s trusted financial institution (FI) in a scam called bank spoofing. Scammers on the other end of the call attempt to acquire sensitive information such as bank account numbers, passwords, personal identification numbers (PINs), and authentication codes that allow money transfers or access to the account.

Romance Scam to Money Mule

Fraud Squad

Romance Scam to Money Mule

Romance scams continue to gain prevalence as scammers use online dating platforms and social media to prey on vulnerable individuals looking for love.  Continue reading to learn how a man nearly fell victim to a romance scam where the perpetrator intended to use him as a money mule, but the scam was stopped before any transactions occurred, thanks to a concerned bank employee.

Love, Lies and Deception: A Romance Scam

Fraud Squad

Love, Lies and Deception: A Romance Scam

With the rise of online dating and social media, millions of people flock to digital platforms to find love. But from behind the protection of a computer screen, scammers exploit the most vulnerable people seeking romance and relationships, ultimately leaving the unsuspecting victim with a broken heart and an empty bank account.

The Tech Support Scam That Cost a Senior Citizen Her Life Savings

Fraud Squad

The Tech Support Scam That Cost a Senior Citizen Her Life Savings

Technology is advancing at an unprecedented pace, and even the most tech-savvy individuals can find themselves in need of assistance to remain connected and productive. Unfortunately, with the increased demand for tech support comes a rise in fraudulent activity exploiting this important service. Senior citizens are the most vulnerable group because they are more likely to seek help in navigating the complexities of technology.

Holiday Fraud Delivery Notification Scams: “You have a package for delivery!”

Fraud Squad

Holiday Fraud Delivery Notification Scams: “You have a package for delivery!”

With the holiday season just around the corner, it’s a time for celebrations, travel, and shopping, but it’s also prime time for fraudsters to prey on unsuspecting consumers. Amidst the hustle and bustle of planning and festivities, people become easy targets for scammers.

Deepfake Scam “Mom, Dad, I need your help.”

Fraud Squad

Deepfake Scam “Mom, Dad, I need your help.”

In our latest article in Fraud Squad series, we cover a deepfake scam that started with a call, a familiar voice, and a frantic plea for help. One couple is scammed out of nearly $10,000 when they received a call from whom they believed to be their incarcerated son requesting money for bail.

Zelle Bank Impersonation Scam

Fraud Squad

Zelle Bank Impersonation Scam

As peer-to-peer (P2P) digital payment platforms like Venmo and Paypal rapidly grew in popularity for their ability to provide easy, convenient money transfers, several major banks collaborated to create Zelle. The new transfer application promised to be “the next big thing” in banking, yielding near-instantaneous transfers directly between banks. Unfortunately, with new digital technology comes increased risk.

Life Savings Lost to a Bank Scam

Fraud Squad

Life Savings Lost to a Bank Scam

A small business owner recently fell victim to a sophisticated bank scam that drained her life savings, where scammers exploited two-factor authentication to gain access and withdraw money from her account. This cautionary story serves as a warning about the increasing prevalence of fraud and emphasizes the significance of using effective fraud detection systems.