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CyberWire Daily

Don't let the Elon Musk crypto giveaway scam swindle you. [Research Saturday]

CyberWire Daily

N2K Networks, Inc.

Technology, Daily News, News, Tech News

4.81.1K Ratings

🗓️ 22 April 2023

⏱️ 19 minutes

🧾️ Download transcript

Summary

Shiran Guez from Akamai sits down with Dave to discuss their research on "Chatbots, Celebrities, and Victim Retargeting and Why Crypto Giveaway Scams Are Still So Successful." Researchers at Akamai have been on the lookout for crypto giveaway scams. These scams have been impersonating celebrities and brands, most notably Elon Musk and his associated companies. The research states "the scams are delivered through various social media platforms as well as direct messaging apps such as WhatsApp or Telegram." These scams have helped add to the existing damages that exceed $1 billion caused by crypto fraud. The research can be found here: Chatbots, Celebrities, and Victim Retargeting: Why Crypto Giveaway Scams Are Still So Successful Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

You're listening to the CyberWire Network, powered by N2K.

0:07.0

Today's episode is sponsored by SRM, your first call for cybersecurity and

0:18.1

investigations. Threats today are evolving faster than ever before and since 2005 SRM has pioneered

0:25.3

tailored security solutions for global corporations and their executives.

0:29.5

Whether it's defending against cyber attacks with their award-winning team of ethical hackers and incident response specialists,

0:36.4

or navigating the murky waters of compliance and ESG challenges,

0:40.9

SRMs, Insight and Straight straightforward advice will help you navigate complex risks

0:46.4

and emerge more resilient.

0:48.4

Their secret, a culture that nurtures the sharpest minds, giving them access to the newest technologies and the freedom

0:55.3

to solve problems in new ways, enabling them to craft simple effective solutions for your

1:01.4

unique cyber challenges.

1:03.7

Search your first call to discover how SRM can help your business. Hello everyone and welcome to the CyberWire's research Saturday.

1:27.0

I'm Dave Bitner and this is our weekly conversation with researchers and analysts tracking down the threats and vulnerabilities,

1:34.1

solving some of the hard problems of protecting ourselves in a rapidly evolving cyberspace.

1:39.7

Thanks for joining us. The fact that it was still going on, that was still going on, that was what made us so surprised and kind of challenged us to look at it once more.

2:00.0

That's Sharon Guz. He's senior manager for information security at Akamai.

2:06.0

The research we're discussing today is titled Chatbots, celebrities and victim retargeting,

2:12.0

why crypto giveaway scams are still so successful. It's not very common to have a crypto scam or a scam that is been running for over five years.

2:32.0

Well, let's go through it together here.

2:35.0

I mean, for folks who aren't familiar with how this scam works, can you walk us through it?

2:39.8

How does it begin?

2:40.8

Yeah, okay, so it's actually... it begin with a simple publication that is being

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