Fraud continues as consumers remain vulnerable
HERZLIYA, Israel, Nov. 07, 2022 (GLOBE NEWSWIRE) — Safe-T® Group Ltd. (Nasdaq: SFET) (TASE: SFET) (“Safe-T” or the “Company”), a global provider of cybersecurity and privacy solutions for consumers and businesses, today provided some highlights of the latest online security threats facing consumers , in the new Consumer Online Scam Report published by CyberKick Ltd., its consumer cybersecurity and privacy division (“CyberKick”). The new report was prepared by CyberKick’s cybersecurity team and is based on a comprehensive review and analysis of malicious activities detected by CyberKick’s 24x7x365 data analysis program.
The report highlights several social engineering scams now prevalent in cyberspace, including:
Email Billing Fraud: This is a type of scam where an attacker sends an email purporting to be from a legitimate company, asking the recipient to click on a link to view an invoice. The link leads to a malicious website that may install malware on the victim’s computer or conduct phishing for personal information. This type of scam is especially common during tax season, when scammers pose as well-known tax collection companies to trick people into providing personal financial information.
Fraud with online stores: This scam is a fraudulent scheme carried out over the Internet, usually involving the use of a counterfeit or stolen credit card to make purchases. Fraudsters can also create fake websites that look like legitimate online stores to trick shoppers into providing personal and financial information.
Phishing scams: In these scams, criminals send emails or text messages that appear to come from a legitimate source, such as a bank or service provider. The message usually contains a link that connects victims to a fake website where they are asked to enter personal or financial information.
Identity theft: This type of fraud occurs when someone obtains another person’s personal information, such as their name, social security number, or bank account number, without their permission, and then uses it to commit fraud.
“In the coming years, cyberattacks will only become more sophisticated and consumers will become more vulnerable targets. Cybercriminals are constantly changing their methods in response to online trends such as email invoicing, online shopping in November, and more,” said Eitan Bremler, VP of Product Strategy, Marketing at Safe-T. “Our goal is to inform our customers about emerging threats and offer them advanced solutions to avoid such threats.”
A full copy of the report can be found here here. For more information on CyberKick products and solutions and how to avoid becoming a victim of online threats, visit: https://cyberkick.com.
About Safe-T Group Ltd.
Safe-T Group Ltd. (Nasdaq: SFET) (TASE: SFET) is a global provider of cybersecurity and privacy solutions for consumers and businesses. The company operates in three distinct segments: enterprise cybersecurity solutions, enterprise privacy solutions, and consumer cybersecurity and privacy solutions.
Our cybersecurity and privacy solutions for consumers provide comprehensive security against ransomware, viruses, phishing and other online threats, as well as a strong, secure and encrypted connection that masks their online activity and protects against hackers. Solutions are designed for advanced and basic users, providing complete personal protection for all personal and digital information.
Our enterprise privacy solutions are based on our world’s fastest, most advanced and secure proxy network, enabling our customers to anonymously collect data at any scale from any public source over the Internet using a unique hybrid network. Our network is unique, consisting of millions of residential access points based on our own mapping technology and hundreds of servers located at our provider partners around the world. The infrastructure is optimally designed to guarantee confidentiality, quality, stability and speed of service.
Designed for cloud, on-premises and hybrid networks, our enterprise cybersecurity solutions mitigate attacks on business-critical services and sensitive enterprise data, ensuring business continuity. Organizational access, storage and sharing use cases from outside or inside the organization are secured according to Safe-T’s zero-trust “check first, then access” philosophy. Our ZoneZero® solutions are available through our reseller TerraZone Ltd., a global information security provider, as a solution or as a cloud service.
For more information about Safe-T, visit the website www.safetgroup.com
This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “aims,” ”estimates” and similar expressions or variations of such words are intended to identify forward-looking statements. For example, Safe-T uses forward-looking statements in this press release when discussing its expectation that cyberattacks will only become more sophisticated and consumers more vulnerable targets in the coming years, and the benefits of the Company’s privacy solutions and their potential to counter cybersecurity threats. Because such statements relate to future events and are based on Safe-T’s current expectations, they are subject to various risks and uncertainties, and Safe-T’s actual results, performance or achievements could differ materially from those described or implied by such statements. press release Forward-looking statements contained or implied in this press release are subject to other risks and uncertainties, including those discussed in the Risk Factors section of Safe-T’s Annual Report on Form 20-F filed with the Securities and Exchange Commission. Securities and Exchange Commission (“SEC”) on March 29, 2022, and in any subsequent filings with the SEC. Except as required by law, Safe-T undertakes no obligation to publicly release any changes to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unforeseeable events.
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