Kaspersky Unveils New Facebook Phishing Scheme

Attackers now use the fake Facebook page to still users' funds
22 January 2018   2586

Kaspersky Lab experts told about a new phishing scheme aimed at holders of crypto-currencies, who are following favorite projects on Facebook. This scheme is more sophisticated than the "good old spam mailings" with a security alert or an offer to take part in the survey, for which it is suggested to follow the link with all the ensuing consequences.

As mentioned above, the new scheme is related to the features of the social network Facebook. The attacker creates a copy of the popular cryptocurrency community: it can be an exchange or a separate crypto-currency, with an address similar to the original one.

Next, the scammer from his new page sends out a notification to the subscribers of the original community, and he does it in a very intricate way.

In order to address the victim's address, they share her profile photo on their page and mark the user in this post.
 

Kaspersky Team

The fact is that the privacy settings of Facebook do not allow you to prohibit the distribution of the profile photo, which means that the notification will be guaranteed to all users, except for those who have disabled notifications from third parties.

This ends the originality of the method, and then uses the standard message that the lucky guy has allegedly won a nice amount in the cryptocurrency, for which he is invited to click on the link, after which he will leave his data.

In the example considered, the fraudster on behalf of the Kucoin exchange offered to receive 20,72327239 WAVES tokens.

New Facebook Fraud
New Facebook Fraud 

We recommend you to avoid visiting strange pages/websites and use two-factor authentication to protect your accounts.

SEC to Cease Simex Securitites Trading

As reported, under the federal securities laws the SEC can suspend trading in a stock for 10 days
23 October 2018   41

The US Securities and Exchange Commission (SEC) suspended trading in securities of the American Retail Group (OTC: ARGB), also known as Simex, Inc. This is reported on the website of the agency.

According to representatives of the regulator, the decision was caused by false statements by the company about partnership with a “qualified and approved custodian”. The company also conducted an ICO, which allegedly "officially registered in accordance with the requirements of the SEC."

The SEC does not endorse or qualify custodians for cryptocurrency, and investors should use vigilance when considering an investment in an initial coin offering.
 

Robert A. Cohen

Chief, SEC Enforcement Division’s Cyber Unit

As reported, the SEC can suspend trading in a stock for 10 days and generally prohibit a broker-dealer from soliciting investors to buy or sell the stock again until certain reporting requirements are met.

Also earlier this month, the American regulator recommended investors to "be vigilant when considering the possibility of investing in the ICO."