It uses social engineering to steal user data in order to extract money from them.
It was ranked as one of the countries most vulnerable to cyberattacks this year. Scams are also prevalent during attacks; in 2022, the famous uncle’s tale became entirely digital. And each time, new methods emerge. One of these is the “double call,” which involves what are referred to as smishing and desires.
Smishing is the act of sending an SMS while pretending to be a legitimate organization, such as a bank, institution, or social network, with the intention of collecting personal information or charging money. These messages typically contain a link to a phony website or an invitation to phone a high-priced number.
Vishing, on the other hand, is a scam technique that involves making a call while pretending to be a representative of a business, a reliable individual, or an institution. Scammers attempt to get sensitive information from the victim during the chat.
Due to this, you must use extreme caution while dealing with the “double call” fraud. What it entails and how to safeguard yourself are described below.
The operation of the double call scam
This particular scam differs from others in that it involves two phone calls.
The victim frequently receives an SMS purporting to be from their bank or a delivery service. In the message, they alert you to changes in the package’s delivery or odd activity in your account and urge you to click a link to change the access codes for security purposes.
A few minutes later, a call pretending to be from the entity asks for your online banking login information so they may deactivate the cards.
The victim then uses the browser to access the bank’s website, where they see a pop-up box requesting the access codes once more. She then receives an SMS containing the keys, which serve as the confirmation codes for the fraud.
Using this social engineering strategy, they are able to access users’ bank accounts and sensitive data.
When parcel firms are impersonated, which happens frequently, the cyberattack is conducted through an SMS in which they ask for the recipient’s address information to complete the delivery of the goods. These messages always contain a link to download apk files that look like they were created by the impersonating organizations.
When the victim agrees to the download, remote access software that requests to receive, read, and edit SMS is also installed on the device in addition to the program.
The notices typically contain the following information: “You won’t be able to access your account after (date). The following link must be used to confirm it in the system: “An unauthorized machine has connected to your online account. “Your account or bank card was temporarily disabled. Please check the following website if you don’t recognize it.” “.
Customers should immediately contact their bank to prohibit all types of transactions and reset the password for online banking if they click on the link and enter the access codes requested by the alleged entity.
Every time a cyber-scam occurs, the victim receives a URL with a line that is underlined and blue text that claims to solve a made-up issue. Cybercriminals frequently ask for information such as bank account numbers, names and surnames, IDs, online banking passwords, credit or debit card numbers, expiration dates, and CVV codes.
The amount of cyberattacks involving ransomware or data theft increased in Latin American nations in 2022. The information comes from Microsoft’s annual Digital Defense Report, which was published this month and was based on data gathered between July 2021 and June 2022 globally.
The number of password attacks surged by 74% in the previous year, according to a Microsoft analysis. Thus, a worrying growing trend in cybercrime is confirmed at a time when digital transformation and the quick uptake of Internet-connected gadgets significantly enlarged the attack surface in the digital world.
The survey did discover that there were not equally distributed amounts of cyberattacks across all geographical areas. In comparison to 2021, Microsoft had fewer reported ransomware attacks in Europe and North America, whereas the number of cases during the same time period in Latin America rose.
The Report also noted a consistent rise in email attacks, or “phishing,” as they are more often known. In this regard, the researchers found that the conflict in Ukraine functioned as a new form of bait for cybercrime. There has been a concerning rise in emails purporting to be from groups asking for Bitcoin and Ethereum donations to help Ukrainian citizens.
Tom Burt, corporate vice president of Customer, Security and Trust at Microsoft, said: “As we consider the seriousness of the threat to the digital landscape and its extension into the physical world, it is important to remember that we all have the power to take action to protect ourselves and our organizations against digital threats.
Due to these factors, 2022 will likely rank among the most challenging years in terms of everything related to cybercrime.
Personal frauds are not the exception, as my digital uncle told me.