In the year 2023, cyber attackers have put mobile banking and online shopping on the hit list.
In 2023, online fraudsters continue to lure consumers to fraudulent fake pages that mimic the websites of well-known brands and financial organizations.
An application has been filed in the Lahore High Court to conduct an investigation into the Dubai Leaks by FIA and FBR
Attackers use social engineering techniques to trick victims into sharing their financial data or making payments on fake websites.
Overall, 41.65% of online store users were the most targeted among the three major categories.
Banks were then targeted at 38.47 percent and online payment systems at 19.88 percent.
The most frequently impersonated e-commerce website was Amazon, according to a cyber security company report.
Which was more than a third of the copy. Apple is second with 18.66 percent of fraud pages, followed by Netflix with 14.71 percent.
Financial fraud remains a significant threat, accounting for 27.32 percent of all cyber attacks on corporate users and 30.68 percent on home users.
E-shop brands have been identified as top targets.
Speaking on the matter, Kaspersky Technical Group Manager Hafeez Rehman said, “Money has always been a magnet for cybercriminals, and a large proportion of malware attacks are financially motivated.
The rise in mobile malware in the past year highlights a significant trend in cybercrime. With new and aggressive malware emerging, attackers are evolving their strategies to target mobile devices more aggressively.
To stay safe from mobile malware, Kaspersky recommends that you download your apps only from official stores,
A reliable security solution can help you detect malicious apps and adware, before they start cyber-attacking your device.
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**Interview with Cybersecurity Expert, Dr. Emily Carter**
**Interviewer:** Thank you for joining us today, Dr. Carter. With the recent FTC report highlighting over $10 billion in fraud losses in 2023, how do you believe online fraud tactics have evolved this year?
**Dr. Carter:** Thank you for having me. The increase in fraud losses is indeed alarming. In 2023, we witnessed a significant surge in cyber attackers targeting mobile banking and online shopping. They’ve developed sophisticated methods, especially using fake websites that closely mimic legitimate brands and financial institutions. This makes it increasingly challenging for consumers to distinguish between real and fraudulent pages.
**Interviewer:** That’s concerning. Can you elaborate on the methods these attackers are using, specifically in relation to social engineering?
**Dr. Carter:** Absolutely. Social engineering is one of the most effective tactics used by cybercriminals. They create a sense of urgency, encouraging users to provide personal information or make immediate payments. For instance, they might send seemingly legitimate emails or texts that lead consumers to fake websites designed to harvest sensitive information like credit card details or passwords.
**Interviewer:** In the report, it states that online store users were the most targeted group, followed by banks and online payment systems. Why do you think online stores are facing the brunt of these attacks?
**Dr. Carter:** The high percentage of attacks on online stores—41.65%—can be attributed to the sheer volume of transactions and personal data shared during online shopping. Consumers are more likely to input their financial information, making these platforms attractive targets for fraudsters. Once they gain access to this data, they can exploit it across various channels.
**Interviewer:** Given these statistics and trends, what advice can you offer to consumers to help protect themselves from such fraud?
**Dr. Carter:** Consumers should be vigilant and adopt a few key practices. First, always check the URL of websites to ensure they’re legitimate before entering personal information. Second, enable two-factor authentication wherever possible. Lastly, it’s crucial to use unique, strong passwords and keep an eye on bank statements for any unauthorized activity. Awareness is the first line of defense.
**Interviewer:** Thank you, Dr. Carter, for sharing your insights on this pressing issue. It’s evident that consumers need to be proactive in protecting themselves against online fraud.
**Dr. Carter:** My pleasure! Staying informed and cautious is essential in our increasingly digital world.
