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How Smartphones Create Fraud Loopholes You Don’t Expect

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Convenience Is the Real Entry Point

Most people assume fraud happens because someone hacked a complex system. In reality, many scams succeed because they exploit something far simpler: convenience.

Your smartphone is built for speed. One tap payments. Saved passwords. Instant verification codes. You can apply for a credit card, transfer money, or even research options like a title loan in New Smyrna Beach within minutes. That efficiency is impressive. It is also exploitable.

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Sophisticated Ransomware Attack on US Tech Firm Affects 1,500 Organizations

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the staff of the Ridgewood blog

Ridgewood NJ, a hacking group demanding $70 million infected the systems of a US information technology firm with ransomware over the Fourth of July weekend, impacting around 1,500 companies in at least 17 countries. REvil, the Russia-linked group behind another cyber attack on meat supplier JBS over Memorial Day weekend, took advantage of a software vulnerability to deploy this attack against Miami-based firm Kaseya. That software is sold to large managed service providers (MSPs), which assist small and midsize businesses, as well as local and state governments and agencies, in monitoring and controlling their computer networks.

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Microsoft Confirms FBI, CISA and ODNI Findings that SolarWinds Applications Hack Was By a Very Sophisticated Nation-state

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the staff of the Ridgewood blog

Ridgewood NJ, in an internal investigation into December 13th SolarWinds applications hack , Microsoft reported the following , “Our investigation into our own environment has found no evidence of access to production services or customer data. The investigation, which is ongoing, has also found no indications that our systems were used to attack others.

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