Cyber dictionary

New Words
Malvertising

Meaning
Distribution of harmful programs through online ads, often using scripts or redirects, by
cybercriminals bypassing ad network filters and placing malicious content on trusted sites.

FINANCIAL SCAMS
Cybercriminal activities are typically carried out by loosely affiliated groups or
individuals rather than well-defined organizations. Moreover, the landscape is
constantly evolving, with new threats and actors are emerging.

Cybercriminals attract people into sharing private information, like social security numbers,
credit card numbers, and passwords, by using deceptive methods. Data encrypted by ransom
ware attacks is demanded to be unlocked with a ransom.
Fraudsters using business executives' email accounts to conduct illicit financial transactions are
known as business email compromise (BEC).

Identity theft is the theft of private data in order to commit financial fraud. Unauthorized
transactions using credit cards are made possible by hacking, skimming devices, or data
breaches. Investment scams prey on people by offering fake financial products or making large
return promises. Installing devices to record card details and PINs allows for ATM skimming,
which permits unapproved withdrawals cyber scams.

In a poll, almost 24% of families reported that they had been victims of financial fraud in the
previous three years, and only 39% of them received their money back.
The majority of 23% participants said they had been the victim of credit or debit card fraud,
while 13% said they had been the victim of fraud involving users of buying, selling, and
classified websites.

According to the study, 13% of respondents said they had been duped by websites that collected
money for goods that were never delivered, 10% reported using fraudulent ATM cards, another
10% reported using fraudulent bank accounts, and 16% highlighted other forms of fraud.

Cyber security organizations, law enforcement agencies, and financial institutions work
collaboratively to investigate and combat these threats. They also regularly issue warnings and
guidance to the public to raise awareness and encourage individuals and businesses to take
necessary precautions to protect themselves against cyber scams. Staying informed about the
latest cyber security threats and following best practices for online security is crucial for
mitigating the risks associated with financial