This article discusses the emerging threat of tech support scams and what to do when you receive one. What are tech support scams? Have you ever received a suspicious pop-up message or phone call about an “issue” on your computer? If so, you were the target of a tech support scam. These scams are a popular type of fraud involving cybercriminals who imitate a reputable company and attempt to convince you of a technical issue with your computer that …
Smishing is a phishing text message that’s delivered to mobile devices where bad actors impersonate a person or company in an attempt to commit fraud. The contents of the sent text message often contain links that are meant to trick people into revealing sensitive information. These attacks are successful because people are more inclined to trust a text message and many people are unaware that phishing attacks can occur via text message. In some situations, smishing is a tactic used …
This article discusses the rising impact of Deepfakes and how to identify them. With the growth of technology, we’ve seen the evolution and adoption of artificial intelligence (AI) skyrocket. Looking to simplify workflows or to innovate upon existing business, cyber criminals are using these same tools to for more sophisticated cyberattacks to commit identity theft or financial fraud. One such threat is known as deepfakes. What are Deepfakes? A “deepfake” is a type of synthetic media created using artificial intelligence …
This article discusses the tool Account View 2.0 and investor security. LPL Financial takes the security and privacy of our products seriously. To safeguard data, we advocate for security in the conception, design, and implementation of our investor-facing platforms, like Account View 2.0. We strive to build the most innovative, secure, and empowering tools for financial professionals and their clients, and encourage our third-party partners and the industry to join us in that commitment. Security is an evolving journey and …
This article discusses the impacts of Investment scams and how to prevent them. Based on the FBI’s most recent internet crime report, investment fraud saw a 38% increase in 2023 with losses accruing up to $4.57 billion dollars. It is important to note that the FBI has seen investment scam losses increase exponentially since 2020, showing no signs of slowing down. Cybercriminals are relying on tricking victims into giving away sensitive information that will lead to financial fraud. It is …