Friday, 4 May 2018

Scammers are using the EU’s new privacy regulations to steal your data

The GDPR is about to go into effect—the perfect cover for a new wave of email hacks and cybercrime.
What the emails looks like: Attackers are sending emails pretending to be companies affected by the EU’s General Data Protection Regulation. A prominent attempt, in which the sender poses as Airbnb, asks users to accept a new privacy policy and then prompts them to enter personal information.
Nigerian princes, still going strong: Email fraud originating in Nigeria is more advanced than ever. Scammers nicknamed the “Yahoo Boys” have become famous for targeting Yahoo email accounts. The fraudsters are being propped up by a deep criminal network.
Old scams, new tricks: These scofflaws now imitate corporate email accounts (or actually gain access to them) and use them to target small businesses, which tend to have more money in the bank than individuals. As their attempts get more sophisticated, the targets also get larger: according to security firm CrowdStrike, there is now hundreds of millions of dollars a year on the line.

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