Fraudsters are using the age-old phishing scam to defraud online banking customers and have revived advance fee scams to target more businesses.
“Clients receive calls from individuals purporting to be Nedbank employees and convince the victims to divulge their login credentials, giving fraudsters access to their Internet banking profiles,” Nedbank said. The second technique attempts to convince targets to pay money in advance to receive a loan or promised funds.
They may also steal data while infiltrating a system to infect it with ransomware and threaten companies with a data leak in addition to holding their data hostage.showed that 2021 was the worst year on record for cybersecurity, with ransomware attacks targeting businesses up by 61% compared to 2020’s statistics.