“Today, as part of our ongoing efforts to enforce our Terms and protect people against abuse, Meta and a financial services company filed a joint lawsuit against two Nigerian-based individuals engaged in international financial scams through online impersonation…Between March 2020 and October 2021, the defendants engaged in phishing attacks intended to lure people using Facebook and Instagram to phishing websites with the goal of compromising their financial services accounts for profit.”

“While some parts of the economy slowed in 2020, criminals paid no mind to that as their phishing attacks against companies in the financial sector increased 45% over 2019 to 3.4 billion, Akamai Technologies Inc. found in its “State of the Internet / Security report: Phishing for Finance” released Wednesday. Overall, Akamai tallied 193.5 billion credential-stuffing attacks globally in 2020. In credential stuffing , criminals pull data from a database containing valid passwords and usernames and attempt to get into a consumer’s online accounts, without much operator action.”

“Fraudsters redirected email and web traffic destined for several cryptocurrency trading platforms over the past week. The attacks were facilitated by scams targeting employees at GoDaddy, the world’s largest domain name registrar, KrebsOnSecurity has learned. The incident is the latest incursion at GoDaddy that relied on tricking employees into transferring ownership and/or control over targeted domains to fraudsters.”