In this article, we will explore the concept of a honeypot in cybersecurity and how deception honeypot technology is utilized to strengthen digital defenses.

What is a Honeypot and How Does it Work?

If you’re wondering, “What is ReasonLabs?” or “How can it help protect me online?” you’re in the right place. This blog will explore how the new Online Security ReasonLabs application has become one of the best tools for safeguarding social security online, protecting your identity, and ensuring privacy.

What Is the Best Digital Secure App? ReasonLabs Application

In this review, we’ll tell you how RAV Endpoint Protection lives up to its promises and how it compares to some of the competition. 

Is RAV Endpoint Protection Legit?

October is National Cybersecurity Awareness Month and to learn more about consumers’ internet habits and the cybersecurity issues they face, ReasonLabs commissioned a survey of 7,484 consumers across the United States from August 23 - September 4, 2024. The survey results highlight significant online security, privacy, and identity theft issues.

2024 Consumer Cybersecurity Pulse Report

FaceTime is one of Apple’s most cherished apps, offering effortless video calls to iPhones, iPads, and Mac users worldwide. However, FaceTime can occasionally encounter problems such as technical glitches, or UX issues like activation. 

Why Is My FaceTime Not Working? How To Activate FaceTime

If you are a Canadian traveling abroad or someone trying to enhance your privacy and security online, utilizing a Virtual Private Network (VPN) is a must-do. This article will help walk you through the process of how to get a Canadian IP Address.

How To Get A Canadian IP Address

The word ‘games’ implies fun – but some of these popular online experiences, even those aimed at kids, contain worrying content. Here's what you should be looking out for.

7 Alarming Online Games to Watch Out For

We'll explore effective strategies and tips to help you figure out how to prevent trackers and how to stop being tracked online.

Tired of Being Tracked? How to Stop Being Tracked Online

This blog post will guide you through understanding iMessage, troubleshooting common issues, and teach you how to enable iMessage.

iMessage Not Working? Here's How To Enable iMessage

 In this article, we'll detail how to know if your phone is hacked, what to dial to see if your phone is hacked, describe different signs your phone is hacked, and finally what you should do if your phone is hacked.

What To Dial To See If Your Phone Is Hacked

If you are a Navy Federal Credit Union member and you are wondering how to report Navy Federal credit fraud, read this blog.

How To Report Navy Federal Credit Fraud

This detailed article will dive deep into what is an IP UK address, how to get a UK IP address, how to use a UK IP address, RAV mobile VPN for iPhone, and more. 

How to Get a UK IP Address

If you’re looking for information on how to reprieve AOL Mail, look no further! Retrieving your AOL mail is a straightforward process and for mobile users, AOL also offers an app for Android and iOS devices.

What is AOL? How to Retrieve AOL Mail

Is identity theft protection worth it? Utilizing identity theft protection can provide peace of mind, especially for seniors who may be more susceptible to fraud and online scams. 

What Is The Best Identity Theft Protection For Seniors?

You might be wondering how to get a US IP address, so let’s dive into why you might want one in the first place, what a US IP address look like, how can I get a US IP address, and more. 

How To Get A US IP Address

Mukbang has gained immense popularity across various social media platforms, particularly on video-sharing sites like YouTube, Twitch, and platforms that support live streaming. But what does 'mukbang' and ASMR mean?

What Is Mukbang and ASMR? Effects Of This Social Media Trend

Who doesn’t love a good fishing trip? Go ahead, picture the scene: it’s just you,…

What is Spear Phishing? How to Defend Against Spear Phishing

Identity theft is a growing concern that can have severe consequences for your financial health and personal security - so being able to check if your identity has been stolen is crucial.

How To Check For Identity Theft: 7 Tips For Identity Protection

The csrss.exe Trojan is a type of malware that disguises itself as the legitimate csrss.exe process. Cybercriminals exploit this to hide malicious activities within a process that appears to be a trusted system file. The csrss.exe Trojan can open backdoors, steal sensitive information, and allow unauthorized access to your system.


How To Remove csrss.exe Trojan: A Comprehensive Guide

As Instagram continues to evolve, so do the strategies employed by scammers on Instagram. Staying vigilant and informed is essential in safeguarding yourself from these threats. 

Instagram Scam Messages: How To Avoid Them & Protect Yourself

The svchost.exe process is a fundamental part of the Windows operating system, responsible for running essential services efficiently. However, its importance also makes it a target for cybercriminals who create malware disguised as svchost.exe.

What Is svchost.exe Malware? How To Protect Your System 

The security of your Wi-Fi network is paramount in protecting our data and online behavior. This blog explores the potential vulnerabilities, signs of compromise, and effective strategies to protect your Wi-Fi from unauthorized access.

Can Someone Hack Your Wi-Fi Password? Signs & How To Fix It

Ticketmaster is the latest company to suffer a data breach, leading to compromised customer data.
Discovering that your data has been breached can be a troubling experience, but recognizing the signs early can help you mitigate the damage and take appropriate action.

Latest Data Breach: Were You Affected By Ticketmaster Hack?

Search engines are indispensable tools for accessing information. However, as concerns about online privacy grow, many users are seeking alternatives that prioritize their personal data's security. 

Best Secure Search Engines: How A VPN Can Help

ReasonLabs is proud to be recognized by Virus Bulletin alongside other top-tier security providers for excellence in malware detection and prevention

RAV Endpoint Protection Earns A+ Grade In VB100 Certification

With the allure of new online games and the temptation of obtaining them for free, many young gamers might find themselves downloading pirated software. As a parent, it's crucial to understand the risks associated with this practice and how you can protect your children from potential harm.

Is Your Child Gaming Online? How To Avoid Pirated Software

The Zeus virus, also known as Zbot, is one of the most infamous and persistent malware threats to ever hit the cybersecurity landscape. In this blog, we'll delve into what the Zeus virus is, how it operates, and how you can protect yourself from its harmful effects.

Zeus Virus Detected! The Signs You Need To Know

As the frequency of cyber threats and data breaches in the digital age are rampant, consumers are increasingly concerned about the security of their online activities. Web browser extensions, such as Online Security from ReasonLabs, play a crucial role in empowering users to defend themselves against potential threats and data breaches.

Digital Identity Protection: Why Data Monitoring Is An Important Defense

One often overlooked aspect of digital hygiene is clearing out your Wi-Fi history. In this blog post, we'll explore why you might want to delete your Wi-Fi history, how to do it, and some additional tips for keeping your digital life organized and secure.

Digital Spring Clean! How To Delete Wi-Fi History

While VPNs are commonly associated with desktop computers, their utility extends seamlessly to mobile devices, including Android smartphones and tablets. Using RAV VPN for Android will enhance your online security - find out how!

Best VPN For Android: How To Download RAV VPN 

With the rise of mobile payment platforms like Apple Pay, the ease of sending and receiving money has never been simpler. However, with this convenience also comes the risk of scams and fraudulent activities.

Apple Pay Scams: How To Prevent These Scams

The recent AT&T data breach has underscored the evolving threat landscape and the importance of robust cybersecurity measures to protect sensitive data, such as the use of the Online Security browser extension. 

AT&T’s Massive Data Breach: All You Need To Know

As one of the world’s most popular social media platforms, Instagram makes it easier than ever to make connections, share experiences, and discover new trends. However, amidst the endless scroll of captivating content lurks the darker world of scams - namely, crypto scams.

How To Recognize Bitcoin Mining Instagram Scams

Restrictions on access to advanced technologies, export control regulations, and concerns about misuse or abuse of AI capabilities can all contribute to limitations on availability of OpenAI. If OpenAI services are not available in your country, there may be a few reasons behind this!

Uh-Oh! Why OpenAI Services Are Not Available In Your Country

Removing hard inquiries from your credit report can be a strategic move to improve your creditworthiness and financial standing.

Secret Ways To Remove Hard Inquiries From Credit Reports Now!

Customer data breaches have become an all-too-common occurrence, posing significant risks to individuals' privacy, financial security, and personal well-being. From large-scale cyberattacks on multinational corporations to targeted phishing schemes aimed at unsuspecting individuals, the dangers of data breaches loom large.

Online Dictionary Data Leak Occurs! What You Need To Know About The Latest Data Breach

The surge in online scams reported by the FBI, and subsequent huge financial losses, reveals the significant threats to consumers' financial security and personal information. But how is this happening? How are malevolent actors managing to get away with so much?

$12.5 Billion Losses From Online Scams! All You Need To Know

Tax identity theft is a serious concern, but with awareness, vigilance, and the right cybersecurity measures, individuals can significantly reduce the risk of falling victim to these scams.

Tax Identity Theft: Protect Yourself from Tax Return Scams & Frauds

It would be nice to believe that giveaway offers on social media platforms are real; however, as with most online ‘too good to be true’ scenarios, this is unfortunately generally not the case. We’ve rounded up some of the most common giveaway scams that occur on the YouTube platform.

Fake YouTube Giveaway Scams: How To Recognize Them!

.msi files are widely used for software distribution and installation due to their standardized format and reliability. While .msi files themselves are not inherently unsafe, they can be manipulated by malicious actors to deliver malware

MSIExec.Exe Files: How To Know If I Can Uninstall Or If It's Safe   

Malicious code refers to specific lines or segments of code within a program or script that are designed to carry out malicious actions e.g. cause harm, exploit vulnerabilities, or compromise the security and functionality of a computer system, network, or device without the knowledge or consent of the user. 

How To Avoid Downloading Malicious Code: Malware Warning!

This January 2024, the ‘Mother of All Breaches’ is making headlines as a ‘supermassive’ data leak, affecting no less than 26 billion leaked data records. It's time to change your passwords and scan your email to check for personal data breaches!

Data Leaked! How To Secure Your Accounts After The "MoAB"

The increasing reliance on the WhatsApp messaging app has brought to light several security concerns that users should be aware of to protect their privacy and data.

WhatsApp Security Issues: Risks & Dangers Hiding In Your Phone!

Java, a versatile programming language, has become an integral part of countless applications and websites. With its widespread use, scammers have seized the opportunity to exploit users through deceptive Java update scams.

Java Update Scam: Is It Safe To Download Or A Fake Virus?

One crucial tool in the arsenal of identity protection is the Identity Protection PIN (IP PIN). This unique six-digit number adds an extra layer of security to your identity, helping to prevent unauthorized use of your Social Security Number (SSN) and thwart potential identity theft.

Identity Theft Defense: How To Find My Identity Protection Pin

By preventing data breaches and ensuring secure communication, Endpoint Protection safeguards your sensitive information from falling into the wrong hands. 

EPP vs Antivirus: Unmasking the Endpoint Protection You Need

Cyber threats are continually evolving, and one particularly stealthy technique that has gained notoriety is DLL injection. This method allows attackers to compromise the integrity of a system by manipulating dynamic link libraries (DLLs). 

What is DLL Injection Attack? A Hacker's Secret Weapon Exposed

The latest report from ReasonLabs, The Cashback Extension Killer, discusses a set of malicious web extensions disguised as fake VPNs, delivered by a Trojan installer, and distributed through torrent files, that were then live on the Chrome Web Store for months, ultimately affecting over 2 million users! What can we learn from this?

Fake VPNs: How To Prevent Them On Your Device

In the realm of software and digital media, keygens have a notorious reputation. This blog will explore what keygens are, how they work, the associated risks, and how users can navigate the delicate balance between legitimate and illegitimate keygens while safeguarding their cybersecurity.

What Is A Keygen?: How To Safely Activate Software

Rogue security software, often synonymous with fake antivirus, encompasses a broader category of malicious applications that portray themselves as legitimate security tools. This may also be known as ‘rogueware’, ‘rogue antivirus’ or ‘scareware.’

What’s Fake Antivirus & Can It Trigger Rogue Security Software? 

'Weak security’ in the context of Wi-Fi typically refers to vulnerabilities or inadequacies in the security measures implemented to protect a wireless network. The security of a Wi-Fi network is crucial to prevent unauthorized access, data breaches, and other potential threats. 

Weak Security Wi-Fi? 10 Ways to Strengthen & Fix Security Wi-Fi

The festive season is upon us, bringing joy, warmth, and unfortunately, an increase in holiday scams designed to exploit the goodwill and online shopping frenzy. As you prepare for the festivities, it's crucial to be aware of common scams that could jeopardize your holiday cheer.


12 Scams of Christmas: How To Avoid Holiday Phishing Scams!

Whether you're exploring new websites, chatting on messaging apps, or interacting with AI software like ChatGPT, it's crucial to distinguish between what's real and genuine, and what's fake and possibly malicious. 


How to Recognize Fake ChatGPT & Fake Domains

As businesses and individuals alike host crucial information on web servers, understanding the importance of security for servers and adopting best practices is imperative. In this blog, we'll delve into the realm of web server security and explore its significance, different methods to secure web servers, and the best network security practices to keep your digital fortress robust.


What is Web Server Security? Best Secure Practices To Employ

WhatsApp is a great way to keep in touch with far-off friends and relatives but it also can be a scammer's digital playground.

Coming to a Smartphone Near You! The Latest Round of WhatsApp Scams

This Cybersecurity Awareness Month, take proactive steps to protect yourself online. With ReasonLabs products by your side, you can navigate the digital landscape with confidence.

Cybersecurity Awareness Month: How To Empower Your Cybersecurity Journey

Understand the ways in which identity fraud can occur, and the depth to which it can affect the victim.

How Does Identity Theft Happen? Learn to Safeguard Yourself

ReasonLabs’ Revenge of the Unitrix report brings to the fore the latest research on how text tricks can make us run malicious code on our devices.  But what do you as a consumer need to know? Can fonts have viruses? Can font files contain malware and other cybersecurity risks? 

Can Fonts Have Viruses? Cybersecurity: Fonts Dangers To Avoid 

Cybercriminals and hackers constantly seek ways to exploit vulnerabilities in security systems to gain access to sensitive financial information, including credit card numbers.

Credit Card Hacking: How Do People Steal Credit Card Numbers?

Investigate the VBS downloader Trojan VBS:malware-gen detection, and learn how to prevent this malware from attacking your devices. 

What is VBS:Malware-gen?

By actively monitoring your credit card activities and providing alerts, credit card monitoring services enable you to detect and respond to identity theft in its early stages.

What is Credit Monitoring? 6 Pros of Credit Monitoring Services

Find out more about tax identity theft and how you can prevent yourself from becoming a victim.

What is Tax Identity Theft? How You Can Protect Yourself

What is a credit report and what is a credit inquiry? This blog examines both of these subjects, as well as provides some top tips for the removal of hard inquiries on a credit report.

Top Tips For How To Remove Hard Inquiries From Credit Report

Your social security number (SSN) is one of the most crucial pieces of personal information you possess. Unfortunately, it is also a highly sought-after target for identity thieves and fraudsters.

Is It Safe To Text Social Security Numbers? 10 SSN Safety Tips 

ReasonLabs researchers discovered multiple files downloaded to its users’ devices which were supposed to be Super Mario Bros. but were instead files distributing malicious software.

The Super Mario Bros. Pirate

ReasonLabs has developed a new Dark Web Monitoring feature as part of its Online Security Extension. So what is the dark web and how does dark web monitoring software help protect the consumer?

What Is Dark Web Monitoring And Why Should Everyone Use It?

How can Microsoft Office documents be used as cyber threats and what can users do to protect themselves?

Office Documents Are Being Weaponized. How May It Affect You?

Let’s take a look at how and why parental controls can offer added cybersecurity, and why it is so important.

Cyber Safety For Every Member of Your Family

Here are the top cybersecurity trends home users need to know for 2023.

Top Cybersecurity Trends for 2023: What Do Home Users Need To Know?

Here's how Chrome push notifications work and why you need Online Security.

How Do Chrome Push Notifications Work and What Security Risks Are Involved?

Browser Extensions: Will They Boost My Online Experience?

Endpoint Protection: All You Need to Know for Maximum Security

It’s Halloween! Scary Cyber Attacks and How To Avoid Them

It’s almost October – known more fondly in the cybersecurity world as National Cybersecurity Awareness Month.

Cybersecurity Awareness Month 2022: 5 Tips for Consumers

  It’s the last week of the summer holidays, and parents, kids, teens, college students and teachers alike are getting ready to of back to school.

Back to School: 5 Top Cybersecurity Tips at this Busy Time

Filters, Protects, Blocks: 3 Ways A DNS Ensures Safer Online Experience

Here are out top tips for keeping you and your kids cyber safe on this World Social Media Day.

6 Top Tips for Staying Cyber Safe on World Social Media Day

Betcha didn’t know it, but June is Internet Safety Month. You probably missed that section in…

June is Internet Safety Month; How Safe are Your Kids on Social Media?

Most of us don’t realize just how easy and common it is for hackers to…

Why Webcam And Mic Protection Is A Must-Have

Technology keeps changing our lives — in most cases for the better, but in some…

Improving Your Cybersecurity Habits: 5 Tips for Digital Hygiene

Spring is here! Bunnies are hopping, birds are chirping – and little colored eggs are…

The Easter Egg Hunt meets Cybersecurity! 3 tips for a Cyber Safe Easter

Having reviewed in depth the cybersecurity threats that have been facing consumers worldwide in our…

Year Of the Miner: Cybersecurity Threats Exposed in ReasonLabs' 2022 Report

  Roses are red,  Violets are blue; Protect your online presence In 2022 Hearts, flowers,…

Love is in the Air! Don’t Let Cybercrime Ruin Your Special Day!

February 3rd is Harry Potter Book Night! Kids and adults around the world are looking…

Harry Potter and the Cybersecurity Solution: Tips to Stay Cyber Safe in 2022!

Data Privacy Day occurs annually on January 28th; it represents an international effort to raise…

How You Can Protect Yourself This Data Privacy Day

News broke last week concerning a Monero mining malware found in a copy of the…

Don't Get Stuck in its Web! How to Combat Spider-Man Mining Malware

 Spider-miner, spider-miner, does whatever a miner can. Mine a coin, spawn a thread, Uses…

Spider-Miner: With Great Power Comes Great Problems!

It’s that time of year again – mulled wine, pine needles, cuddly sweaters, and maybe…

Jingle Bells Are On Their Way! Beware Of These Christmas Scams

With Cyber Monday looming, and ads galore headed our way, we know that we can…

Cyber Monday: The Online Shopper's Dream! But Are You Shopping Securely?

You’ve probably all seen the announcement that October is ‘National CyberSecurity Awareness Month’ – and…

Be Cyber Aware: Where Do You Find the Best Antivirus in Oct 2021?

It’s Halloween this week – a time for people to dress up in scary costumes,…

Don’t Get Spooked: How to Recognize Cyber Demons Before They Find You!

The technology for virtual private networks (VPNs) dates back to 1996 when Microsoft employees created…

VPNs: Who? What? When? Where? Why? And How?

One manifestation of freedom is the privilege to be a small business owner. Freedom and…

Independence Day: Cybersecurity Brings Independence to SMBs

The Personal Rights in Defense and Education (PRIDE) movement has made significant progress in raising…

The LGBTQ Community Faces New Cyber Threats 

Dear Dads, As Father’s Day approaches and you prepare for tasty outdoor barbecues, fun family…

Note to Dad: The Nuts and Bolts of Cybersecurity

The COVID-19 pandemic was not a one-time, over-and-done traumatic experience. It continues to be a…

The COVID-19 Effect: A Surge in Online Retail AND Cyber Attacks

Reason Cybersecurity has joined the Microsoft Intelligent Security Association (MISA) to improve global cybersecurity in…

ReasonLabs has joined the Microsoft Intelligent Security Association (MISA)

No more cookies in our future? In today’s digital world, data is the mainstay of…

No More Cookies in our Future?

Mother’s Day is one of the most popular holidays of the year and the second…

What NOT to Give Your Mom on Mother's Day

Cyber-attacks against insurance companies are growing exponentially; so is the damage they’re causing. Furthermore, because…

Why are Cybercriminals Eyeing Insurance Companies?

The FBI just released its annual [Internet Crime Report](https://www.ic3.gov/Media/PDF/AnnualReport/2023_IC3Report.pdf), which details a record $12.5 billion in losses from online scams in 2023 - an increase of $2 billion in total losses from 2022. This high figure can largely be attributed to ‘profit-driven cybercriminals and nation-state adversaries’ who can ‘paralyze entire school systems, police departments, healthcare facilities, and individual private sector entities. This surge in reported online scams reveals the significant threats to consumers' financial security and personal information. But how is this happening? How are malevolent actors managing to get away with so much?

<ButtonImage
  buttonLabel="Check Now For FREE."
  text="Worried about online scams and cyberattacks stealing your identity? Take our FREE Security Quiz and make sure your digital life is secure." 
cta="https://lp3.reasonlabs.com/idp/safety_level_calculator/online-security/check/info?aflt=70&utm_source=Blog-Billion-Losses"
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/>

## Online transactions lead to online scams
The convenience of online transactions in a highly digital age has been proven to come with a significant downside: the rise of online scams. From [phishing](https://cyberpedia.reasonlabs.com/EN/phishing.html) schemes to [identity theft](https://cyberpedia.reasonlabs.com/EN/identity%20theft.html), cybercriminals are employing increasingly sophisticated tactics to prey on unsuspecting consumers.

The continual advent of the internet, and now the advancement of [AI-based tools](https://www.theguardian.com/technology/2024/jan/24/ai-scam-emails-uk-cybersecurity-agency-phishing#:~:text=The%20NCSC%20said%20generative%20AI,crafted%20or%20corrected%20by%20chatbots.), has opened up new avenues for cybercriminals to exploit vulnerabilities in cybersecurity - leading to the situation we now face, whereby online scams have become even more pervasive and sophisticated than ever before. [Results](https://www.ic3.gov/Media/PDF/AnnualReport/2023_IC3Report.pdf) from the FBI report show that while the number of reported complaints may not have increased drastically since 2020, the increase in financial loss from a similar number of complainants indicates a drastic change in the cyber attacker’s playbook.

Whether it's fraudulent wire transfers, investment scams, or [ransomware](https://cyberpedia.reasonlabs.com/EN/ransomware.html) attacks, the financial repercussions of falling victim to online scams can be catastrophic. Cybercriminals utilize a variety of tactics to enact online scams, including phishing emails, fake websites, social engineering, and [malware](https://cyberpedia.reasonlabs.com/EN/malware.html), to deceive and defraud unsuspecting victims. From individuals to businesses, no one is immune to the financial devastation caused by cybercrime. 

These tactics to carry out online scams include: 

- **Phishing**: As cited in ReasonLabs’ [Consumer Cybersecurity Trends Report 2024](https://reasonlabs.com/research/consumer-cybersecurity-trends-report-2024), the number one attack vector for cyber attacks continues to be phishing. Online scam tactics may also include targeted phishing attempts such as [spear phishing](https://cyberpedia.reasonlabs.com/EN/spear%20phishing.html) or [whaling attacks](https://cyberpedia.reasonlabs.com/EN/whaling%20attacks.html), whereby senior figures and their employees are targeted.
- **Credential-stuffing**: These [credential-stuffing attacks](https://cyberpedia.reasonlabs.com/EN/credential%20stuffing.html) may also be launched as a by-product of online scams - if an online store suffers a data breach, attackers can then use the leaked customer information to carry out further cyber attacks, leading to financial loss and identity theft.
- **Formjacking**: Criminals use viruses to insert [formjacking](https://cyberpedia.reasonlabs.com/EN/formjacking.html) code into a commercial website. A formjacking website can do its dirty work without disrupting a legitimate transaction, making it effective as it can evade detection. 
## The role of cryptocurrency in online scams
Most notably, cryptocurrency and [cryptojacking](https://cyberpedia.reasonlabs.com/EN/cryptojacking.html) play significant roles in the landscape of online scams, posing threats to individuals and businesses alike. As digital currencies continue to gain popularity, so too do the risks associated with their use in illicit activities. 

<ButtonImage
  buttonLabel="Check Now For FREE."
  text="Worried about online scams and cyberattacks stealing your identity? Take our FREE Security Quiz and make sure your digital life is secure." 
cta="https://lp3.reasonlabs.com/idp/safety_level_calculator/online-security/check/info?aflt=70&utm_source=Blog-Billion-Losses"
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Malicious actors will hijack computing resources to mine cryptocurrencies without the consent or knowledge of the device owner. This can occur through malware-infected websites, malicious browser extensions, or compromised systems. Cybercriminals will also conduct ransomware attacks and demand payment in cryptocurrency, such as Monero, as ransom in exchange for decrypting files or restoring access to compromised systems. 

Investment scams are another method used by scammers, who will lure unsuspecting individuals with promises of high returns on cryptocurrency investments or fraudulent initial coin offerings (ICOs). Victims are convinced to invest their money in fake schemes, only to lose their funds with little to no recourse for recovery. 

Consumers should use reputable cryptocurrency exchanges and wallets that have a proven track record of security and reliability and should do their due diligence in researching the exchange's security features, user reviews, and regulatory compliance before trusting them with funds.
## Consumer protection against online scams and financial loss
Poor cybersecurity can lead to losses and breaches, and failure to recognize or prevent scams. While the threat of online scams looms large, there are steps that consumers can take to protect themselves and minimize their risk of becoming victims. There are several ways to exercise caution including:

- **Staying informed**: Stay up-to-date on cybersecurity threats and scam tactics. Familiarize yourself with common warning signs of scams, such as unsolicited emails, requests for personal information, and offers that seem too good to be true. Be skeptical of unfamiliar contacts or offers online, unsolicited emails, messages, or phone calls, especially if they request sensitive information or pressure you to act quickly.
- **Verify sources**: Before clicking on links or providing sensitive information online, verify the legitimacy of the source. Look for secure websites with [HTTPS](https://cyberpedia.reasonlabs.com/EN/https.html) encryption, check for spelling and grammatical errors in emails, and confirm the authenticity of requests for personal or financial information. Check whether you know the sender, and if the email address seems legitimate.
- **Use strong passwords**: Use unique, complex passwords for each online account and enable [multi-factor authentication](https://cyberpedia.reasonlabs.com/EN/multi-factor%20authentication.html) whenever possible. This adds an extra layer of security and makes it harder for cybercriminals to gain unauthorized access to your accounts.
- **Use endpoint protection software**: Keep your devices, including computers, smartphones, and tablets, up-to-date with the latest security patches and antivirus software, such as [RAV Endpoint Protection](https://reasonlabs.com/platform/products/endpoint-protection), that regularly scans for malware and other security threats to prevent unauthorized access to your personal information.
- **Take advantage of privacy protection**: Privacy tools such as the [Online Security](https://reasonlabs.com/platform/products/online-security) browser extension can block URLs leading to scamming websites, thereby preventing the consumer from being redirected to these sites.

<ButtonImage
  buttonLabel="Check Now For FREE."
  text="Worried about online scams and cyberattacks stealing your identity? Take our FREE Security Quiz and make sure your digital life is secure." 
cta="https://lp3.reasonlabs.com/idp/safety_level_calculator/online-security/check/info?aflt=70&utm_source=Blog-Billion-Losses"
  imageSource="https://cms-reasonlabs-com.s3.amazonaws.com/cdn/Group_17178_53b9a3ccc5.png"
/>

Unfortunately, the latest FBI report may not even reflect the true amount of losses resulting from online scams, as the bureau has surmised that not all victims will choose to report an incident - and oftentimes, the true damage resulting from digital identity theft or financial theft may not be known for some months. Consumers should report cyber crimes when they happen, as awareness surrounding attacks enables law enforcement and security teams to create better defenses. However, while cyber awareness is the first step, being preemptive comes next. For more information on ReasonLabs’ suite of cybersecurity products, visit [www.reasonlabs.com](http://www.reasonlabs.com).  

FBI reports rise.png

Tax season, the time of year when financial matters come under scrutiny, can unfortunately attract a darker side – tax identity theft. In 2023 alone, it was [reported](https://www.cnbc.com/2023/05/17/irs-flagged-more-than-1-million-tax-returns-for-identity-fraud-in-2023.html) that according to the U.S. Department of the Treasury, the IRS had flagged more than 1 million tax returns by early March as being filed by potential identity thieves. This blog sheds light on the various forms of tax scams and how to navigate the threat of tax identity theft, from being aware of fraudulent calls by supposed US tax experts to recognizing the signs of tax refund fraud and other cunning schemes. Additionally, we'll explore preventative measures and the role of cybersecurity products in safeguarding against these threats.

<ButtonImage
  buttonLabel="Check Now For FREE."
  text="Worried about online scams and cyberattacks stealing your identity? Take our FREE Security Quiz and make sure your digital life is secure." 
cta="https://lp3.reasonlabs.com/idp/safety_level_calculator/online-security/check/info?aflt=70&utm_source=Blog-Tax-Identity-Theft"
  imageSource="https://cms-reasonlabs-com.s3.amazonaws.com/cdn/Group_17178_53b9a3ccc5.png"
/>

## US tax experts scam calls: Know the red flags
Fraudulent calls from individuals claiming to be US tax experts can be a common tactic employed by scammers. They may pose as IRS agents, tax preparers, or legal professionals, often threatening legal action if immediate payment is not made.

Red flags that a US ‘tax expert’ call may be a scam include:

- Unsolicited calls demanding immediate payment.
- Threats of legal action or arrest for non-compliance.
- Requests for payment via unconventional methods, such as gift cards or wire transfers.
## Tax refund fraud: A sneaky scheme
Tax refund fraud occurs when a scammer uses stolen personal information to file a fraudulent tax return, claiming a refund. Victims often remain unaware until they attempt to file their legitimate return.

Red flags that tax refund fraud may be occurring include:

- Rejection of your tax return due to a duplicate Social Security number.
- Unexpected notifications of a filed tax return when you haven't submitted one.

## ‘Fake IRS refund checks’ alerts: What to look out for


A ‘fake IRS refund check’, or ‘fake IRS check’, refers to a counterfeit or fraudulent check that appears to be issued by the Internal Revenue Service (IRS), a government agency responsible for collecting taxes and enforcing tax laws in the United States. These fake checks are often used as part of tax return scams designed to deceive individuals into believing they have received a tax refund, stimulus payment, or other financial benefit from the IRS.

Here's how the scam typically works:

- Scammers send out counterfeit checks through the mail, electronically, or as part of a phishing scheme. The check may look legitimate, bearing the IRS logo, official-looking seals, and a routing number.
- Victims are instructed to deposit the check into their bank account or cash it at a financial institution. The scammer may provide various reasons for the payment, such as a tax refund, stimulus payment, or lottery winnings.
- After depositing the fake check, victims are asked to send a portion of the funds back to the scammer or a third party, often via wire transfer, gift cards, or cryptocurrency. The scammer may claim that the funds are needed to cover taxes, processing fees, or other expenses.
- Weeks later, the victim's bank discovers that the check is counterfeit, and the deposited funds are deducted from the victim's account. By this time, the scammer has already received the wired or transferred funds, leaving the victim responsible for any losses incurred.

It’s important to note that the IRS does not typically send unsolicited refunds or payments by check without prior communication with the taxpayer, nor does the IRS request personal or financial information, such as Social Security numbers or bank account details, via email, phone calls, or text messages.

If you receive a suspicious check claiming to be from the IRS or any other government agency, and believe it could be a fake IRS refund check, you should:

- **Verify the check**: Contact the IRS or your bank to verify the authenticity of the check before depositing or cashing it.
- **Report the scam**: Report the incident to the [IRS](https://www.irs.gov/) and the[ Federal Trade Commission (FTC)](https://reportfraud.ftc.gov/) to help prevent further fraud and protect others from falling victim to similar scams.

<ButtonImage
  buttonLabel="Check Now For FREE."
  text="Worried about online scams and cyberattacks stealing your identity? Take our FREE Security Quiz and make sure your digital life is secure." 
cta="https://lp3.reasonlabs.com/idp/safety_level_calculator/online-security/check/info?aflt=70&utm_source=Blog-Tax-Identity-Theft"
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## Other tax return scams: Staying informed
### Phishing emails:
Scammers may send [phishing](https://cyberpedia.reasonlabs.com/EN/phishing.html) emails posing as tax authorities, prompting recipients to click on malicious links or provide personal information.
### Fake tax software:
Fraudulent tax software may be used to collect sensitive information or install [malware](https://cyberpedia.reasonlabs.com/EN/malware.html) on victims' devices.
### Pretexting:
Scammers may use deceptive tactics, claiming to need personal information for tax-related purposes.

## Preventative measures: Safeguarding your finances
In order to not fall victim to tax identity theft, utilize these preventative measures:
### 1. Stay informed:
- Educate yourself about common tax scams and stay updated on current tactics used by fraudsters.
### 2. Verify caller identity:
- If you receive a call from someone claiming to be a tax professional, ask for their credentials and verify their identity independently.
### 3. Use secure networks:
- When filing taxes online, use secure and trusted networks to prevent interception of sensitive data.
### 4. Enable two-factor authentication (2FA):
- Add an extra layer of security to your tax-related accounts with [two-factor authentication](https://cyberpedia.reasonlabs.com/EN/two-factor%20authentication%20(2fa).html).
### 5. Protect personal information:
- [Safeguard your Social Security number](https://reasonlabs.com/blog/7-things-hackers-can-do-with-your-stolen-social-security-number-and-6-ways-to-protect-it), financial details, and other sensitive information. Share only when necessary and with trusted entities.
### 6. Be skeptical of emails:
- Avoid clicking on links or downloading attachments from unsolicited emails. Verify the legitimacy of communication with official sources.


<ButtonImage
  buttonLabel="Check Now For FREE."
  text="Worried about online scams and cyberattacks stealing your identity? Take our FREE Security Quiz and make sure your digital life is secure." 
cta="https://lp3.reasonlabs.com/idp/safety_level_calculator/online-security/check/info?aflt=70&utm_source=Blog-Tax-Identity-Theft"
  imageSource="https://cms-reasonlabs-com.s3.amazonaws.com/cdn/Group_17178_53b9a3ccc5.png"
/>


## Cybersecurity products for added protection
In addition to the tips mentioned above, you can also bolster your defense against all types of online scams by enhancing your cybersecurity:
### 1. Antivirus and anti-malware software:
- Protect your devices from malware that may be used to steal personal information with antivirus software such as [RAV Endpoint Protection](https://reasonlabs.com/platform/products/endpoint-protection).
### 2. VPN (Virtual Private Network):
- Encrypt your internet connection with a [VPN](https://cyberpedia.reasonlabs.com/EN/vpn.html) such as [RAV VPN](https://reasonlabs.com/platform/products/vpn), in order to enhance privacy and security, especially when accessing tax-related information online.
### 3. Identity theft protection services:
- Consider using identity theft protection services, such as the [Online Security](https://reasonlabs.com/platform/products/vpn) browser extension, that monitor for suspicious activity and provide alerts in case of potential threats.

Tax identity theft is a serious concern, but with awareness, vigilance, and the right cybersecurity measures, individuals can significantly reduce the risk of falling victim to these scams. Stay informed, verify information independently, and prioritize the protection of your personal and financial data during tax season and beyond. Fre more information on the latest online scams, visit [www.reasonlabs.com](www.reasonlabs.com). 

Tax Identity Theft 2.jpg

According to the Identity Theft Resource Center’s [annual data breach report](https://www.idtheftcenter.org/post/2023-annual-data-breach-report-reveals-record-number-of-compromises-72-percent-increase-over-previous-high/), data compromises in 2023 were more abundant than ever before - yet organizations were less forthright about the root cause of cyberattacks. In the U.S. alone, the number of data compromises reported jumped 78% to a record high of 3,205 incidents, ultimately impacting more than 353 million victims, including individuals affected multiple times.

<ButtonImage
  buttonLabel="Check Now For FREE."
  text="Have you been involved in a data leak? Run a FREE scan now to find out exactly what kind of personal information of yours is out there on the dark web." 
cta="https://lp3.reasonlabs.com/dwm/online-security?aflt=70&utm_source=Blog-MoAB"
  imageSource="https://cms-reasonlabs-com.s3.amazonaws.com/cdn/Group_17178_53b9a3ccc5.png"
/>

This January 2024, the ‘[Mother of All Breaches](https://nypost.com/2024/01/23/lifestyle/extremely-dangerous-leak-reveals-26-billion-account-records-stolen-from-twitter-linkedin-more-mother-of-all-breaches/
)’ is making headlines as a ‘supermassive’ data leak, affecting no less than 26 billion leaked data records. This data leak affects user records from platforms and services, including X (formerly known as Twitter) database leaks, Dropbox leaks, LinkedIn, Adobe, Canva, and Telegram leaks, as these companies’ data is all found in the same database. Additionally, records from various U.S. and other government organizations are also rumored to be compromised.

This article will explore the motives behind hackers targeting social media platforms and offer insights into how consumers can play a role in defending their online presence.
## ‘Mother of all breaches’ attack: Why do hackers target social media platforms to perform data leaks?
So why is it even worth it for threat actors to go after consumer data like this? First of all, social media platforms are a veritable trove of personal information—from birthdays and locations to interests and relationships, they are a goldmine of personal data. Hackers target this data for [identity theft](https://cyberpedia.reasonlabs.com/EN/identity%20theft.html) and financial fraud, and harness it to craft highly effective [phishing attacks](https://cyberpedia.reasonlabs.com/EN/phishing.html). 

These [data breaches](https://cyberpedia.reasonlabs.com/EN/data%20breach.html) are also a malicious effort towards financial gain, as stolen social media accounts are often sold on the [dark web](https://cyberpedia.reasonlabs.com/EN/dark%20web.html). Additionally, hackers may use compromised accounts to perpetrate scams or run fraudulent schemes. Credential harvesting is another motive - many users reuse passwords across multiple platforms, so by compromising social media accounts, hackers can gain access to email accounts, online banking, and other sensitive platforms.

Hackers also seek to exploit social media to gather information for targeted attacks. [Social engineering](https://cyberpedia.reasonlabs.com/EN/social%20engineering.html) is one of the easiest ways to carry out phishing attacks, so understanding personal relationships and interests helps them craft convincing phishing messages and gain the trust of potential victims. This knowledge can then also be applied to targeted [spear phishing](https://cyberpedia.reasonlabs.com/EN/spear%20phishing.html) or [whaling](https://cyberpedia.reasonlabs.com/EN/whaling.html) attacks.

<ButtonImage
  buttonLabel="Check Now For FREE."
  text="Have you been involved in a data leak? Run a FREE scan now to find out exactly what kind of personal information of yours is out there on the dark web." 
cta="https://lp3.reasonlabs.com/dwm/online-security?aflt=70&utm_source=Blog-MoAB"
  imageSource="https://cms-reasonlabs-com.s3.amazonaws.com/cdn/Group_17178_53b9a3ccc5.png"
/>

## Defending against social media cyber leaks
We can’t underestimate what threat actors can do with leaked data, and as such, we need to take proactive cybersecurity measures. Cybersecurity experts are [predicting](https://www.dailymail.co.uk/sciencetech/article-12992157/Huge-data-leak-dubbed-Mother-Breaches-sees-26-BILLION-records-leaked-sites-including-Twitter-Linkedin-Dropbox-heres-check-youve-affected.html) a huge rise in cybercrime as a consequence of the ‘Mother Of All Breaches’, due to the sensitive nature of the data that has been leaked, and we don’t yet know just how the threat actors will leverage the aggregated data, and what other types of attacks, such as [credential-stuffing](https://cyberpedia.reasonlabs.com/EN/credential%20stuffing.html) or [brute-force attacks](https://cyberpedia.reasonlabs.com/EN/brute-force%20attack.html), they may carry out.
 
If you think you have been affected by this enormous breach, change the passwords to all your accounts as soon as possible. Use unique, strong passwords for each social media account, and update them regularly. Consider using a [password manager](https://cyberpedia.reasonlabs.com/EN/password%20manager.html) to keep track of complex passwords. As a general rule, consumers should also strengthen their account security by enabling [two-factor authentication (2FA)](https://cyberpedia.reasonlabs.com/EN/two-factor%20authentication%20(2fa).html). This adds an extra layer of protection, requiring a second verification step, such as a code sent to your mobile device. 

Other key tips for digital hygiene include regularly reviewing and adjusting privacy settings on your social media accounts, and limiting the visibility of personal information to only those you trust. You should also take the time to verify the authenticity of friend requests and messages. Understanding common social engineering tactics is another way to stay one step ahead of hackers. Be cautious about sharing sensitive information, even with seemingly trustworthy contacts. Avoid clicking on suspicious links or responding to unsolicited messages, as these may be phishing attempts.

Consumers should also regularly monitor activity on their various accounts, by regularly checking account activity and reviewing login history. If you notice unfamiliar devices or locations, it could indicate unauthorized access. Most social media platforms provide mechanisms to report suspicious accounts or activity, so reporting suspicious activity as soon as possible is the best way you can help security teams deal with potential threats.

Users should also familiarize themselves with the security features offered by social media platforms. Many platforms provide additional security options, such as login alerts and device recognition.
## The role of social media platforms in cybersecurity responsibility
While individual users can take steps to safeguard their accounts, social media platforms also bear responsibility for ensuring robust security measures. To enhance overall user protection, these platforms should invest in and implement advanced security features, such as [multi-factor authentication (MFA)](https://cyberpedia.reasonlabs.com/EN/multi-factor%20authentication.html), encryption, and anomaly detection.

Continuous security education is also important - by providing ongoing education and resources to users about potential threats, phishing schemes, and best practices for securing their accounts, consumers will be in a better position to recognize cyber threats, and know what to do if they are worried their data has been leaked. 

These web-based companies should also conduct regular security audits and assessments to identify vulnerabilities and proactively address potential risks. Responding swiftly to security incidents is also vital, as well as notifying affected users, and taking necessary measures to mitigate the impact of data breaches. Companies should also be honest with their customers if they are concerned a data leak has occurred.

<ButtonImage
  buttonLabel="Check Now For FREE."
  text="Have you been involved in a data leak? Run a FREE scan now to find out exactly what kind of personal information of yours is out there on the dark web." 
cta="https://lp3.reasonlabs.com/dwm/online-security?aflt=70&utm_source=Blog-MoAB"
  imageSource="https://cms-reasonlabs-com.s3.amazonaws.com/cdn/Group_17178_53b9a3ccc5.png"
/>

## How to check if your data has been compromised
If you are worried that your data has been compromised, you can use ReasonLabs’s dark web monitoring tool, a feature of the [Online Security](https://reasonlabs.com/platform/products/online-security) browser extension, to scan for data leaks. Simply enter your email address, and scan to check that email address and passwords haven’t been leaked on the dark web. Once you have the results of the scan, you can act accordingly.

For more information on dark web monitoring and other products in our cybersecurity suite, visit [www.reasonlabs.com](http://www.reasonlabs.com). 


#Identity Theft

$12.5 Billion Losses From Online Scams! All You Need To Know

Tax Identity Theft: Protect Yourself from Tax Return Scams & Frauds

Data Leaked! How To Secure Your Accounts After The "MoAB"

12 Scams of Christmas: How To Avoid Holiday Phishing Scams!

Complete security for your device, privacy and identity.