'Phishing-as-a-service' kits are driving an uptick in theft: What you can learn from one business owner's story
Publishing timestamp: 2023-02-06 11:20:02
Summary
Small business owner Cody Mullenaux was scammed out of $120000 by cybercriminals who used sophisticated technology to impersonate him and the Chase fraud department. Despite banks spending enormous amounts on cybersecurity, the criminals were able to exploit regulatory loopholes and Chase was not responsible for reimbursing Mullenaux's stolen funds. Cybersecurity experts warn of an uptick in sophisticated multiprong attacks and predict the threat will only get worse this year.
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Keywords: crime, jpmorgan chase & co, business news, cybersecurity, business, life, technology,