Neloy B. on LinkedIn: #wipro #paypal #cyberfraud | 21 comments (2024)

MY TAKE ON YAHOO BOYSA few years ago, someone dear to me experienced fraud and I understood the pain it caused. Recently, Nollywood actress Shan George had N3.6 million taken from her Zenith Bank account and paid into an Opay account without her consent. She appealed to authorities to help recover the money. This event prompted me to share my thoughts on internet fraud.Many young Nigerians have asked my opinion on "Yahoo Boys", expressing their belief that the education system is a scam. During a trip to Imo State, I overheard a conversation in which a lady encouraged someone to buy a laptop for their brother and get involved in internet fraud, insisting it was lucrative. This concerns me because young people should be focusing on problem-solving and innovation, not criminal activity.Some people justify internet fraud by claiming that it is a form of retribution for what Europeans and Americans have taken from Africa. However, this is not a useful attitude. We need to move forward and focus on building a better future, rather than perpetuating evil. Internet fraud not only harms individuals but also damages the trust that is essential for a healthy society.Internet fraud takes many forms, from email spam to online scams. It is a type of cybercrime that uses the internet to deceive people and steal money or property. While it is not considered a single, distinctive crime, it covers many illegal actions committed in cyberspace. Temporally and spatially separated offenders are involved in internet fraud.The FBI has identified several high-profile internet fraud schemes, including Business Email Compromise (BEC) and Data Breaches. BEC is a sophisticated scam that targets businesses working with foreign suppliers and companies that make wire transfer payments. Data breaches occur when data is released from a secure location to an untrusted environment.Internet fraud is a serious problem that affects individuals and society as a whole. We need to focus on innovation, problem-solving, and building a better future, rather than perpetuating evil.

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MY TAKE ON YAHOO BOYSA few years ago, someone dear to me experienced fraud and I understood the pain it caused. Recently, Nollywood actress Shan George had N3.6 million taken from her Zenith Bank account and paid into an Opay account without her consent. She appealed to authorities to help recover the money. This event prompted me to share my thoughts on internet fraud.Many young Nigerians have asked my opinion on "Yahoo Boys", expressing their belief that the education system is a scam. During a trip to Imo State, I overheard a conversation in which a lady encouraged someone to buy a laptop for their brother and get involved in internet fraud, insisting it was lucrative. This concerns me because young people should be focusing on problem-solving and innovation, not criminal activity.Some people justify internet fraud by claiming that it is a form of retribution for what Europeans and Americans have taken from Africa. However, this is not a useful attitude. We need to move forward and focus on building a better future, rather than perpetuating evil. Internet fraud not only harms individuals but also damages the trust that is essential for a healthy society.Internet fraud takes many forms, from email spam to online scams. It is a type of cybercrime that uses the internet to deceive people and steal money or property. While it is not considered a single, distinctive crime, it covers many illegal actions committed in cyberspace. Temporally and spatially separated offenders are involved in internet fraud.The FBI has identified several high-profile internet fraud schemes, including Business Email Compromise (BEC) and Data Breaches. BEC is a sophisticated scam that targets businesses working with foreign suppliers and companies that make wire transfer payments. Data breaches occur when data is released from a secure location to an untrusted environment.Internet fraud is a serious problem that affects individuals and society as a whole. We need to focus on innovation, problem-solving, and building a better future, rather than perpetuating evil.

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SOLVING FOR THE WRONG X. I just returned from an awesome holiday in Greece. But it didn’t start out that way.That’s because when I arrived there, my mobile phone didn’t work, even though I have an international travel plan. My wife’s phone worked perfectly—we share a wireless account—which seemed odd.I thought it would be easy to “Google” a solution, but I was wrong. None of the online suggestions worked. Not having a mobile phone made me feel unsafe, since I often go out walking alone early in the morning when we travel.So, I called the wireless carrier’s tech support line. But it wasn’t open, and wouldn’t open for six hours, given the time difference between NYC and Greece. That meant waiting until 3 pm until I could get help. Between 3 pm and 3 am the following day, I spoke with Latoya, Jeff (twice), Queen, Doug, Amber and Gavin, all exceptionally professional and well-trained, even empathetic.We did reset after reset, exhausting every option the tech support staff had. That included doing a complete reset of my phone, erasing all my settings. (Sigh.)At one point, my wife had to scour the neighborhood for a paperclip, so I could remove the phone’s SIM card to see if it was “properly aligned in its tray.” Finally, as a last resort, a tech support rep suggested we activate the phone’s eSIM—a digital “second” SIM that I didn’t know my phone had. That worked! But it also had consequences, because it instantly triggered a fraud alert. There was nothing tech support could do to help, the apologetic rep told me. But if I called fraud prevention, they’d be able to get my service reactivated.After waiting another 30 minutes on hold—now well after 2 am in Greece—the fraud prevention rep did indeed restart my service. But she told me something else, too:“This was never a tech support problem. We turned off your service when you landed in Greece because we suspected fraudulent use of your phone.”That never occurred to me or the tech support reps I talked to. Perhaps that’s because you’d think my wife’s phone would have been affected, too, since we share an account.But that single wrong assumption sent us all on a long, frustrating and completely unnecessary problem-solving path, which was likely expensive for the wireless carrier, too.My problem could have been fixed in 12 minutes rather than 12 hours.In essence, we were “solving for the wrong X.”SO, WHAT’S THE POINT: This is not a diatribe intended to shame my wireless carrier or the reps who tried to help me.It’s a business lesson that we often spend countless hours and enormous sums of money attempting to solve the wrong problem, often frustrating others in the process.Effective problem-solving starts with effectively identifying the problem.This often-shared—but possibly fabricated—Albert Einstein quote is a good reminder:“If I had only one hour to save the world, I would spend fifty-five minutes defining the problem, and only five minutes finding the solution."

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Talking with a reporter at our CPX 2024 in Las Vegas specifically on how we help small businesses get cybersecurity help. There are SaaS services small businesses can adopt and these are tailored for the SMB, extremely cost effective and easy breezy! First though, awareness! Small businesses are targets, and the risks they face are serious. And small businesses cannot always recover when they face data loss or systems outages due to cyber attacks or ransomware incidents. #smbsecurity #cybersecurity

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Business Email Compromise (BEC) Explained 📩Business Email Compromise (BEC) is a form of cybercrime where an attacker uses email to deceive someone into transferring money or revealing confidential company information. Posing as a trusted individual, the fraudster requests payment of a fake invoice or asks for sensitive data for another scam. BEC scams have surged recently, with nearly 20,000 FBI complaints last year, partly due to the rise in remote work.📌Common Types of BEC Scams🔹Data TheftScammers often target HR departments initially, pilfering information such as employee schedules or phone numbers. This makes other BEC scams more convincing.🔹False Invoice SchemeFraudsters, pretending to be a legitimate vendor, send a counterfeit invoice that closely mimics a real one. They might change one digit in the account number or request payment to a different bank under the guise of an audit.🔹CEO FraudAttackers spoof or hack a CEO's email to instruct employees to transfer money or make purchases. Sometimes they request photos of gift card serial numbers.🔹Lawyer ImpersonationHere, attackers unlawfully access an email account in a law firm and send clients fake invoices or payment links. Although the email address is valid, the bank account isn't.🔹Account CompromiseBy employing phishing or malware, scammers gain control over an accounts receivable manager’s email and then send fake invoices to suppliers, directing payments to a fraudulent account.🔹How BEC Scams Operate1. Scammers research targets and establish fake identities, sometimes creating bogus websites or companies.2. Once in, they monitor email activity to identify financial transaction patterns.3. During email exchanges, they impersonate one of the parties, often by subtly altering the email domain.📌Targets of BEC🔹BEC scams can target anyone but frequently aim at:1. Executives and leaders, as their public profiles make impersonation easier.2. Finance employees who possess critical banking and payment details.3. HR managers holding sensitive employee records.4. New or entry-level staff who may not verify an email’s authenticity.📌Risks of BEC🔹Successful BEC attacks can lead to:1. Financial loss ranging from hundreds of thousands to millions.2. Widespread identity theft if personal data is compromised.3. Leakage of confidential information like intellectual property.📌BEC Examples📨Pay this urgent bill📨What's your phone number?📨Your lease is expiring📨Top-secret acquisitionGo to my blog to find the full article where I will tell you how to prevent BEC with 5 Best Practices and show you how to fortify your defences with Microsoft Sentinel. 📘https://lnkd.in/eGfgHrrb#microsoft #cybersecurity #emailsecurity #microsoftsecurity #siem #xdr #sec #identityprotection #emailprotection #MSPartnerUK #microsoftsentinel

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****SCAMMERS - PLEASE BE AWARE****URGENT MESSAGE It has been brought to our attention that certain individuals are impersonating our organisation using various aliases. If you receive a communication like the one below please be advised that this individual DOES NOT work for or represent JS Recruitment. We would also recommend that you do not respond to any such messages.The matter has been reported to the police and Action Fraud.Please be reassured that OUR CLIENT AND CANDIDATE DATABASE REMAINS SECURE. The people being targeted are not from our database. Nor are they clients, candidates or business contacts of JS Recruitment. They appear to have been contacted at random.If you think you may have been the victim of fraud or cybercrime and incurred a financial loss or have been hacked as a result of responding to a phishing message, you should report this toAction Fraud:https://lnkd.in/d2752nZ. Reports can help Action Fraud to act quickly, protecting more people from being affected.Elizabeth Howe Sarah Knight Claudia Gooding Amy-Jo Dunwell Action Fraud West Yorkshire Police

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I am wondering. I get zero response from readers for my posts . No comments, not even reactions, emojis? Why ? Only some millisecond scanning ! Y ? Y ? Y my posts are not getting noticed? Y are they Ignored? Trashed ? Even status like "I got promoted", I got a new job" gets great response. How ? Why? Mind blowing! 🤔Am I not getting connecting to the right audience? Or They are not connecting with my subject matter ? Or am I cramming in as much info as possible, which are latin to my targets . Quite confusing.! Suddenly a flash. I remembered a verse from a spiritual book.A verse in Bhagvat Gita, a book of wisdom. The song of God .In it, Chapter 2 verse 47. says : "You have a right to perform your prescribed duties, but you are not entitled to the fruits of your actions. Never consider yourself to be the cause of the results of your activities, nor be attached to inaction."The verse gives four instructions regarding the science of work: 1) Do your duty, but do not concern yourself with the results. 2) The fruits of your actions are not for your enjoyment. 3) Even while working, give up the pride of doer-ship. 4) Do not be attached to inaction. I am cleared now. No more self doubt . I decided. I will not care who responds or reacts. I will try to do good. I will post mattes on information security, risk., banking . Matters I know a bit. Matters which will benefit readers.Today , I will post matters about cyber crime. It might be of some help. I went back to my laptop. Posted About . Sim swap .What is the ‘SIM swap scam". I took a leaf . Courtesy Indian express newspaper and Google.Unlike other scams, where scamsters trick people into giving OTPs and private information on a phone call, SIM swap scam doesn’t require direct communication with victims. Most victims lose money from their bank accounts only after receiving multiple missed calls from the fraudsters, according to the Delhi Police. But why do victims receive missed calls? How does SIM swapping work? Fraudsters typically perpetuate SIM hijacks after a customer's personal information has been obtained via phishing attacks or by purchasing compromised account credentials through dark web marketplaces.SIM swaps work by a hacker convincing a cell phone carrier to switch a mobile number to a SIM in the hacker's possession. After gaining control of the phone number, the hacker can change the passwords to all the accounts that use that number for two-factor or multifactor verification. Then he will use the mobile for swindling. Bank will intimate the customer. But the message will not reach him. He will be in bliss. Ignorant of the sim swap. For more details You may search Google . Protect yourself from losses.

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"Ghar beithe aur kamaye" fraud se bachhe The Indian cybercrime coordination centre (I4C), an initiative of the Union ministry of home affairs (MHA), through the national cybercrime threat analytics unit (NCTAU), has identified and recommended blocking over 100 websites involved in organised investment or task-based part-time job fraudsSeveral complaints were received through the 1930 helpline and national cyber crime reporting portal (NCRP). These offences pose a significant threat to the citizens and also involve data security concerns. This fraud starts by launching targeted advertisem*nts on platforms like Google and Meta using keywords like 'Ghar baithe job' or 'Ghar baithe kamai kaise karen' in multiple languages.These fraudsters mainly target retired employees, women, and unemployed youth looking for part-time jobs. After clicking the advertisem*nt, an agent using WhatsApp or Telegram starts a conversation with the potential victim and convinces the victim to perform some tasks like video likes, subscribe and maps rating.After completing the initial tasks, the victim is given some commission and asked to invest more to get higher returns against a few more tasks. After gaining confidence, when the victim deposits a larger sum, the money is frozen, leaving the victim in the lurch.Regards Sagar R Madan

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🚨 Urgent Security Alert! 🚨Dear Friends,Today, I experienced a concerning incident that I believe is important to share with all of you. At 10:12 AM on November 25, 2023, I received a call from a number claiming to be from FedEx courier company, stating there was a return parcel from Mumbai customs destined for Taiwan. The contents listed were alarming: passports, credit cards, a laptop, shoes, clothes, and even some narcotics items.Being vigilant, I clarified that I'm based in Bangalore and have not visited Mumbai recently. The caller advised me to file an online complaint with the cybercrime department and transferred the call to someone claiming to be Inspector Prakash Kumar Guntu from the Mumbai cybercrime unit. This individual requested a video interrogation on Skype and sensitive documents like my Aadhar card and a full-size photograph, which, unfortunately, I shared.During the video call, I asked for identity verification, but the inspector refused to turn on his video. Suspicion grew, and when I proposed meeting in person at the Mumbai cyber police office, he abruptly disconnected the call. Subsequent online verification revealed that there was no such FedEx parcel, and similar scams have targeted others. Here is some link for the same : https://lnkd.in/gBU8xAbnImmediately I've reported the incident to the cyber crime, but I'm sharing this here to raise awareness among my professional network. Please be cautious and verify any unexpected calls or requests for personal information. Cybersecurity is everyone's concern, and it's crucial to stay informed and vigilant.If you've encountered similar situations or have insights to share, I encourage you to comment below or reach out privately. Let's look out for each other and ensure the safety of our online community.Stay safe, stay vigilant!#scams #cyberfraud #urgent #alert

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************* CYBER CRIME FRAUD ALERT ************Hi All, please take two minutes to read this and be aware of such incidents. This can happen to one of you at any time as these incidents are increasing in Hyderabad as per Cyberabad Police.•Today, I have received a call from a number (8127425121), stating that she's calling me from TRAI(Telecom Regulatory Authority of India).•She told that I have two numbers on my Aadhar ID and she told the other number as 9892076759(which doesn't belong to me)•She told that TRAI is going to block all my numbers in next two hours, as there are many complaints(Harrassment texts and Illegal Advertisem*nts) on the other number.•She gave me the details like FIR number(MH1045/0124), the location from where my Aadhar card has been taken as ID proof for the other number, etc.•i was asked to travel to Mumbai or connect with Mumbai Police to give an explanation regarding the complaints registered on the other number.•The call was forwarded to some other person and she asked me to install SKYPE application and I did install it too.•She gave me the SKYPE ID as mumbaipoliceqt236@outlook.com or search with name 'Neha Sharma 236'But I didn't get into a Video call with them nor have I transferred any amount to them. (Which were supposed to be their next steps by harrassing and intimidating the callers, as per the police team)As per Cyber Crime department in Hyderabad, these type of calls are rampant in Hyderabad and they have asked us to be very careful. So, please pass on this info and don't share any personal details or your other sensitive information.Please check for any mobile numbers registered on your name. This is an official website from GOI, Telecommunications Department.https://lnkd.in/g-Z7Y6TeMicrosoft can you please block such fraud accounts(Name: Neha Sharma 236 OR email: mumbaipoliceqt236@outlook.com) and make sure to enhance the protection for common people?Telecom Regulatory Authority of India(TRAI) please protect common people from such fraud calls and please bring in some ID verification for every number that’s being sold out, so that we need not be dependent on Truecaller or other apps.Link to the Government issued notice - https://lnkd.in/g2TCmWwh#cybercrime #trai

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