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re: Law Baws: BigLaw Associate Loses $2.5 Mill to Scamster

Posted on 1/25/19 at 10:16 am to
Posted by Centinel
Idaho
Member since Sep 2016
46661 posts
Posted on 1/25/19 at 10:16 am to
quote:

But, obviously so is security as this shows.


Yup. Never, ever wire money...in any amount...just by email correspondence alone. Always get an out-of-band confirmation (phone call, snail mail, etc.).

Posted by Maderan
Member since Feb 2005
881 posts
Posted on 1/25/19 at 10:16 am to
Watch out for voice verification as well. I have been told of several successful scams where the fraudsters get very creative. After spoofing/hacking email and sending wire requests for a targets securities account they hack the sender's mobile accounts and have incoming calls forwarded to a burner phone.

When someone calls to voice verify the wire it goes straight to the hacker who verifies everything.

No bueno.
This post was edited on 1/25/19 at 10:17 am
Posted by Centinel
Idaho
Member since Sep 2016
46661 posts
Posted on 1/25/19 at 10:20 am to
quote:

When someone calls to voice verify the wire it goes straight to the hacker who verifies everything.

No bueno.



Well the first step there is never use a cell phone for wiring verification. Office line only.

Then again, I guess not everyone is a paranoid, doesn't-trust-anyone type of person like me. But that's just my line of work.

Posted by BIGJLAW
Member since Mar 2013
9057 posts
Posted on 1/25/19 at 10:29 am to
Not me!
Posted by GeeOH
Louisiana
Member since Dec 2013
13376 posts
Posted on 1/25/19 at 9:10 pm to
The blockchain technology makes it to where crypto transactions are decentralized...they dont sit on just one server..several different servers have to approve the transaction
Posted by GREENHEAD22
Member since Nov 2009
21023 posts
Posted on 1/25/19 at 9:38 pm to
Off topic but what do you do in Agribusiness?
Posted by 632627
LA
Member since Dec 2011
15393 posts
Posted on 1/25/19 at 9:53 pm to
This is a hot topic in the professional liability world. Some insurance policies cover fraudulent funds transfers.
Posted by jmorr34
Baton Rouge
Member since Sep 2004
3489 posts
Posted on 1/25/19 at 11:12 pm to
quote:

The blockchain technology makes it to where crypto transactions are decentralized...they dont sit on just one server..several different servers have to approve the transaction


I'm all aboard on crypto but your argument is invalid here. It doesn't prevent phishing. Many people have been duped into providing private keys or other info regarding their wallets just to have their coins stolen.
This post was edited on 1/25/19 at 11:14 pm
Posted by GREENHEAD22
Member since Nov 2009
21023 posts
Posted on 1/26/19 at 8:04 am to
Bump for Jim Rock
Posted by Elleshoe
Wade’s World
Member since Jun 2004
143780 posts
Posted on 1/26/19 at 8:08 am to
quote:

lol i got one of those "lawsuits against a business partner" emails yesterday


I have big legal court case. Can you help.
Posted by TOSOV
Member since Jan 2016
8922 posts
Posted on 1/26/19 at 8:29 am to
Best thing about all of this is that this hackers seem to never get busted or in trouble for it. Ha. Fun times...

One would think that Microsoft would put something in place to protect their enterprise companies better if O365 is such a weak security link.
Posted by GeeOH
Louisiana
Member since Dec 2013
13376 posts
Posted on 1/26/19 at 8:31 am to
Its not about coins...its about decentralizing the txn.

In this scensrio, it would not have worked
Posted by jmorr34
Baton Rouge
Member since Sep 2004
3489 posts
Posted on 1/26/19 at 8:40 am to
quote:

decentralizing the txn. 


Yeah I get that. Decentralization won't prevent phishing.
Posted by RetroThunder
Member since Jun 2018
113 posts
Posted on 1/26/19 at 9:48 am to
That's what this generation gets for relaying on computers instead of face to face social interaction. Idiots.
Posted by TOSOV
Member since Jan 2016
8922 posts
Posted on 1/26/19 at 9:53 am to
quote:

That's what this generation gets for relaying on computers instead of face to face social interaction. Idiots.


And not giving a damn about privacy. So much out there it really isnt hard to frick with people
Posted by GeeOH
Louisiana
Member since Dec 2013
13376 posts
Posted on 1/26/19 at 7:47 pm to
quote:

Decentralization won't prevent phishing.


Yes it would
Posted by Meauxjeaux
102836 posts including my alters
Member since Jun 2005
47430 posts
Posted on 1/26/19 at 9:49 pm to
Explain please
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