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The Register
PLUS: Kryptos solution up for auction; Canadian parliament springs a leak; Fake crypto lawyers; And more New York State is suing bank-owned peer-to-peer payment app Zelle, claiming that the banks behind it knew fraud was rampant on the platform but allowed scammers to conduct business with impunity.… Infosec In Brief
Bleeping Computer
JPMorgan Chase Bank (Chase) will soon start blocking Zelle payments to social media contacts to combat a significant rise in online scams utilizing the service for fraud. [...]
Bleeping Computer
Bank of America has started to restore missing Zelle transactions that suddenly disappeared from customers' bank accounts this morning, causing some to dip into negative balances. [...]
The Register
Customers 'more than twice' as likely to be hit by scams, says Dem Senator Wells Fargo customers who use Zelle to send and request payments suffer more than twice the rate of fraud and other online scams as people using other big banks, according to US Senator Elizabeth Warren (D-MA).…
Krebs on Secuity
One of the more common ways cybercriminals cash out access to bank accounts involves draining the victim's funds via Zelle, a "peer-to-peer" (P2P) payment service used by many financial institutions that allows customers to quickly send cash to friends and family. Naturally, a great deal of phishing schemes that precede these bank account takeovers begin with a spoofed text message from the target's bank warning about a suspicious Zelle transfer. What follows is a deep dive into how this increasingly clever Zelle fraud scam typically works, and what victims can do about it.
Dark Reading
The Register
Crook did everything from SIM swaps to fake verified badge scams A Los Angeles man has been jailed after pulling off SIM-swap attacks on victims, hijacking social media accounts, committing fraud with Zelle payments, and impersonating Apple support.…
The Register
Also, Senator Warren says banks need to grow the Zelle up, an AirTag does some good – if you’re a Democrat, and more Advanced persistent threat group (APT) Budworm has shifted targets after hitting the Middle East, Europe and Asia, and was caught this week trying to break into the systems of an unnamed US state legislature.… In brief