Scams - Low tech (Ore Ore Sagi) and High tech (Evil Twins and Pharming)
Heard about the latest scam in Japan? It's called the "Ore Ore Sagi" (ore ore means "It's me! It's me! Scandal" in Japanese). So far the maximum a single person (atleast the reported ones) has lost is $120K in this scandal. It seems there are several organized groups which take special training for conning people using this technique. I read about this a while ago in WSJ, but only now found it on the web...<Read More>.
Heard about the "evil twin" scam? Simply put, this is a different form of "phishing" but this is done using wireless hot-spots. According to eWeek "The Evil Twin is essentially a wireless version of a phishing scam — users think they're connecting to a genuine hot spot but are actually connecting to a malicious server, which can then extract information such as bank details. The attack can be carried out by anyone with the right equipment in the vicinity of a legitimate base station, according to Dr. Phil Nobles, wireless Internet and cybercrime expert at the U.K.'s Cranfield University." ...<Read More>.
And another high tech scam currently becoming notorious is "Pharming". According to CNET, "Rather than spamming you with e-mail requests, pharmers work quietly in the background, "poisoning" your local DNS server by redirecting your Web request somewhere else. As far as your browser's concerned, you're connected to the right site. The danger here is that you no longer have to click an e-mail link to hand over your personal information to identity thieves." ... <Read More>.