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How To Recognise An Online Scam

It’s been a particularly busy and colourful week, scam-wise in our household. Between 4 family members, we’ve received almost 20 texts or emails that we’ve identified as scams. And the range was vast: from poorly written emails offering ‘must have’ shopping deals to terse text messages reprimanding us for overdue tolls plus the classic ‘Dear mum, I’ve smashed my phone’ and everything in between. 

There’s no doubt that scammers are dedicated opportunists who can pivot fast. They can pose as health authorities during a pandemic, charities after a flood or even your next big love on an online dating platform. And it’s this chameleon ability that means we need to always be on red alert! 

How Big An Issue Are Scams in Australia? 

According to the Australian Competition and Consumer Commission (ACCC), Aussies lost a record amount of more than $2 billion in scams in 2021. And that was with record levels of intervention from the government, law enforcement agencies and the private sector. The most lucrative scams were investment scams ($701 million) followed by payment redirection scams ($227 million) and then romance scams which netted a whopping $142 million. 

But the psychological trauma that is often experienced by victims can be equally as devastating. Many individuals will require extensive counselling and support in order to move on from the emotional scarring from being a victim of hacking. 

So, with scammers putting so much energy into trying to lure us into their web, how can we stay one step ahead of these online schemers and ensure we don’t become a victim? 

What You Can Do To Stay Ahead Of The Scammers 

While there are no guarantees in life, there are a few steps you can take so that you can quickly recognise an online scam. 

1. Slow Down 

If you’ve received a text message, email or call that you think is a scam, don’t respond. Take your time. Slow down and pause. If it’s a call, and you’re not sure – hang up! Or if it’s a text or email – delete it! But if you are concerned that it might be legitimate, call the company directly using the contact information from their official website or through their secure apps.  

2. Think First 

If you are being asked to share your personal information or pay money either via a text or phone call, take some time to think. Does it feel legitimate? Do you have a relationship with this organisation? Remember, scammers are very talented at pretending they are from organisations you know and trust. If in doubt, contact the company directly via their official communication channels. Or ask a trusted friend or family member for their input. But remember, NEVER click on any links in messages from people or organisations you don’t know – no exceptions!! 

3. If Concerned, Act Fast!  

Do not hesitate to take action if something feels wrong. If there are any transactions on your credit card or bank statements that don’t look right, call your bank immediately. If you think you may have given personal information to scammers, then act fast. I recommend calling ID Care – Australia and New Zealand’s national identity and cyber support service. They are a not-for-profit charity that provides support to individuals affected by identity and cyber security issues. 

ReportCyber is another way of notifying authorities of a scam. An initiative of the Australian Government and the Australian Cyber Security Centre, it helps authorities investigate and shut down scams. It’s also a good idea to report the scam to Scamwatch – the dedicated scam arm of the Australian Competition and Consumer Commission (ACCC). 

4. Get Ahead Of The Scammers 

We’ve all heard that ‘prevention is better than a cure’ so taking some time to protect yourself before a scammer comes your way is a no-brainer. Here are my top 5 things to do: 

  • Ensure all your online accounts have an individual complex password. Use a password manager – they’ll create and remember your passwords. 
  • Add multi-factor authentication whenever possible. This could be a code sent to your phone, a token or a secret question. 
  • Ensure you have security software on all your devices 
  • Close any online accounts you don’t use. It will reduce the probability of being caught in a data breach. 
  • Software updates are an important way of protecting your devices (and private info) from security vulnerabilities. So, ensure these are automated.  

Please don’t think smart people don’t get caught up in scams because they do!! Scammers are very adept at looking legitimate and creating a sense of urgency. With many of us living busy lives and not taking the time to think critically, it’s inevitable that some of us will become victims. And remember if you’re offered a deal that just seems too good to be true, then it’s likely a scam! Hang up or press delete!! 

The post How To Recognise An Online Scam appeared first on McAfee Blog.

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Breaking RSA with a Quantum Computer

A group of Chinese researchers have just published a paper claiming that they can—although they have not yet done so—break 2048-bit RSA. This is something to take seriously. It might not be correct, but it’s not obviously wrong.

We have long known from Shor’s algorithm that factoring with a quantum computer is easy. But it takes a big quantum computer, on the orders of millions of qbits, to factor anything resembling the key sizes we use today. What the researchers have done is combine classical lattice reduction factoring techniques with a quantum approximate optimization algorithm. This means that they only need a quantum computer with 372 qbits, which is well within what’s possible today. (The IBM Osprey is a 433-qbit quantum computer, for example. Others are on their way as well.)

The Chinese group didn’t have that large a quantum computer to work with. They were able to factor 48-bit numbers using a 10-qbit quantum computer. And while there are always potential problems when scaling something like this up by a factor of 50, there are no obvious barriers.

Honestly, most of the paper is over my head—both the lattice-reduction math and the quantum physics. And there’s the nagging question of why the Chinese government didn’t classify this research. But…wow…maybe…and yikes! Or not.

Factoring integers with sublinear resources on a superconducting quantum processor

Abstract: Shor’s algorithm has seriously challenged information security based on public key cryptosystems. However, to break the widely used RSA-2048 scheme, one needs millions of physical qubits, which is far beyond current technical capabilities. Here, we report a universal quantum algorithm for integer factorization by combining the classical lattice reduction with a quantum approximate optimization algorithm (QAOA). The number of qubits required is O(logN/loglogN ), which is sublinear in the bit length of the integer N , making it the most qubit-saving factorization algorithm to date. We demonstrate the algorithm experimentally by factoring integers up to 48 bits with 10 superconducting qubits, the largest integer factored on a quantum device. We estimate that a quantum circuit with 372 physical qubits and a depth of thousands is necessary to challenge RSA-2048 using our algorithm. Our study shows great promise in expediting the application of current noisy quantum computers, and paves the way to factor large integers of realistic cryptographic significance.

In email, Roger Grimes told me: “Apparently what happened is another guy who had previously announced he was able to break traditional asymmetric encryption using classical computers…but reviewers found a flaw in his algorithm and that guy had to retract his paper. But this Chinese team realized that the step that killed the whole thing could be solved by small quantum computers. So they tested and it worked.”

EDITED TO ADD: One of the issues with the algorithm is that it relies on a recent factoring paper by Peter Schnorr. It’s a controversial paper; and despite the “this destroys the RSA cryptosystem” claim in the abstract, it does nothing of the sort. Schnorr’s algorithm works well with smaller moduli—around the same order as ones the Chinese group has tested—but falls apart at larger sizes. At this point, nobody understands why. The Chinese paper claims that their quantum techniques get around this limitation (I think that’s the details behind the Grimes comment) but don’t give any details—and they haven’t tested it with larger moduli. So if it’s true that the Chinese paper depends on this Schnorr technique that doesn’t scale, the techniques in this Chinese paper won’t scale, either. (On the other hand, if it does scale then I think it also breaks a bunch of lattice-based public-key cryptosystems.)

I am much less worried that this technique will work now. But this is something the IBM quantum computing people can test right now.

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Start the New Year Right With This 3-Step Digital Detox

Pledging to follow healthier habits is consistently the most popular new year’s resolution. That January 1st promise looks different to everyone: snacking less often, going to the gym more often, drinking more water, drinking less soda, etc. This year, instead of a juice cleanse subscription, opt for a healthier habit that’s not an unappetizing shade of green: follow this digital detox, instead! In three easy steps, you can make great strides in improving your digital wellness. 

1. Update

There are various aspects of your digital habits that you should consider updating for a more private and safer online life. For starters, update your passwords. Do you reuse the same password for multiple online accounts? Doing so puts your personally identifiable information (PII) at great risk. For example, if a business with which you have an online shopping account is breached by a cybercriminal, your login and password combination could make it on the dark web, through no fault of your own. Then, through a brute force attack, a criminal could use that same password and username combo to walk into your banking or tax filing accounts.   

Remembering unique, complicated passwords and passphrases for your dozens of online accounts would be impossible. Luckily, there’s software that remembers them for you! It’s called a password manager, which acts as a vault for all your login information. Just remember one master password, and you can be confident in the security of your accounts and never have to deal with the hassle of forgetting passwords. 

Another aspect of updating you should adopt in 2023 is making an effort to always upgrade to the latest software updates on all your devices. The easiest way to do this is to turn on automatic updates. From there, you don’t need to take any further action! Apps and operating systems (like Apple, Android, and Windows) often release updates to patch security vulnerabilities. When you run outdated software, there’s a chance a cybercriminal could take advantage of that security gap. 

Finally, make sure that you keep updated on the latest security headlines. Consider setting up news alerts to notify you when a breach occurs at a company that you frequent or have an account with. Speed is often key in making sure that your information remains safe, so it’s best practice to have your finger on the pulse on the security news of the day. 

2. Connect

A new year digital detox can be a whole family affair. Connect with your family, anyone connected to your home network, and your elderly relatives to get everyone on the same page with security best practices. Here are some common online security snags people of all ages encounter: 

Social media oversharing.

Everyone has an oversharer on their newsfeed. Alert your family members of the dangers of posting too much about their personal life. When someone takes those “get to know you” quizzes and posts their answers, cybercriminals can use that post to take educated guesses at your passwords. Additionally, social engineers can tailor social media scams to specific people in order to increase the chances of tricking someone into sending money or sharing valuable personal or banking details. 

Falling for phishing.

While spam filters catch a lot of phishing emails, phishers are getting smarter by the day and are making their attempts more and more believable. Connect with your loved ones and make sure they know how to recognize phishing emails, texts, and social media direct messages. Telltale signs of a phishing message include:  

  • Typos and grammar mistakes 
  • Over-the-top language that makes you feel very angry, sad, or excited 
  • Harsh consequences for not replying within a short timeframe 
  • Requests for passwords or Social Security Numbers 
  • Blurry logos 

If you’re ever unsure if a message is a phishing attempt, the best course of action is to just delete it. If the “sender” is a well-known institution, follow up with a phone call using the official customer service number listed on their website. The phisher may also claim to be someone you know personally. In that case, give the loved one in question a phone call. It’s a good excuse to reconnect and have a nice conversation! 

Visiting unsafe sites.

In the quest for free streams of the latest new show or movie, people often encounter unsafe sites that hide malware, spyware or other types malicious links and programs. Some types of malware can jump from one device to others connected to the same home Wi-Fi network. That’s why it’s important to make sure everyone under your roof practices excellent digital security habits. One wrong click could sink an entire household. Consider signing up your family for a safe browsing extension that can notify you when you stray onto a risky site. So, instead of putting your device at risk during movie night, connect with your friends or loved ones over one copy of a safely and officially purchased version. 

3. Balance

As with any new health regimen, immediately zooming from zero to a hundred will likely be overwhelming and result in failure. The same goes for adopting new digital safety habits. If you try to do too much at once, all the security measures you put in place will likely get in the way of your daily online activities. The more inconvenient it is, the more likely you may be to cut corners; thus, negating all the progress you’ve made. 

Being cybersafe doesn’t mean you can’t still enjoy your connected devices to the fullest. It just means that you may need to act with more intention and slow down before volunteering personal details online or clicking on links.  

Supplement Your Digital Detox With McAfee+ 

To supplement your digital detox, consider signing up for McAfee+ Ultimate to make 2023 the year for a safer online you. McAfee+ Ultimate includes all the tools you need to live your best online life safely and privately, including a password manager, web protection, unlimited VPN and antivirus, and $1 million in identity theft coverage and restoration for peace of mind. 

Cheers to a digitally smart 2023! 

The post Start the New Year Right With This 3-Step Digital Detox appeared first on McAfee Blog.

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