strategies Cybercriminals Access to customers’ personal information is diverse and threatens the financial security of those who do not know how to protect themselves from these attacks.

A report by Appgate, a company dedicated to cyber security solutions, points to this 4 types of fraud They are the most common in 2022, so it is necessary to know how they are implemented and what users can do to protect their information and money from cybercriminals.

Phishing

The most common fraud strategy used by cybercriminals consists of The embodiment of identity From a trusted institution or company, the user voluntarily shares their information. According to the security company’s Fraud Beat 2022 report, this modality accounts for 80% of incidents reported to authorities and is one of the most sophisticated and realistic.

The presented data show that more 80,000 people They fall prey to these scams and expose valuable data such as their personal and corporate information.

Appgate’s vice president of sales for Latin America, David López Agudelo, points out that there are variants of this identity theft method, such as phone calls (vishing), swapping or duplicating SIM cards, and even QR codes.

Stolen credentials

Login information to various accounts is a prime target for cybercriminals. Obtaining this data means stealing money 100% of cases.. According to the report, 61% of data breaches originate from compromised credentials, and 25% of leaks come from stolen data.

It is recommended to install users Different passwords For their accounts or profiles on the Internet and do not share them with other people, it is necessary to use methods that Strengthening securitysuch as multi-factor authentication or behavioral biometric implementation.

Data hijacking

Known as Ransomware, this style of attack starts in 20% of account access credentials that have been compromised, and these fraud cases are nearly impossible to recover from.

According to Cybersecurity Ventures, a cyber economy research company, the average amount of losses from data breaches was $2.56 million dollars52% more than in 2020.

Estimates indicate that by 2031 the global amount will be approx $265 billion dollar.

Device attacks

Cybercriminals also focused on data from mobile phones or tablets. In these cases, cyber attacks are in the form of mobile applications, SMS messages and QR codes of fraudulent origin.

41% of telephone companies have registered a An increase in these types of incidents. through these modalities, and 23% of them reported finding fake accounts trying to pass themselves off as customers.

David Lopez points out that “the growth of mobile banking and the use of P2P applications to share data has increased the number of malware designed for these devices. It was revealed in this way 156,710 Trojans Mobile banking only in 2020

The need for protection

Appgate’s Fraud Beat 2022 indicates that 45% of businesses believe they are falling behind the capabilities of attackers. So some of the possible solutions they want to invest in are artificial intelligence and machine learning, multi-factor authentication, fraud detection and monitoring systems, and transaction monitoring.

78% of companies indicated that anti-fraud controls are one of the most desired customer features on digital platforms.

In addition, López claims that an effective way to deal with cybercrime methods is to strengthen the technological infrastructure and “take a strategic approach, equalizing fraud prevention and education opportunities for employees, co-workers and customers.”

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