Fraudsters Hit LinkedIn With Recruitment Scam Wave Amid Layoffs: Report
Professional networking major LinkedIn has been hit by several state-of-the-art recruitment scams after massive tech layoffs, and fraudsters are cheating those sacked by offering them jobs that do not exist.
According to the Financial Times, phony recruitments are being run by scammers pretending to be employers on Microsoft-owned LinkedIn.
"There's certainly an increase in the sophistication of the attacks and the cleverness," Oscar Rodriguez, LinkedIn's vice president of product management, was quoted as saying in the report.
The platform has sought to block tens of millions of fake accounts in recent months, as regulators warn of a spike in job-related frauds.
Cyber security company Zscaler recently described a scam that targeted job aspirants, where fraudsters approached people through LinkedIn's direct messaging feature InMail.
"They also created Skype profiles with the picture of the real recruiter from the companies to conduct interviews as well," Deepen Desai, vice-president of security research at Zscaler, was quoted as saying.
The fraudsters are now using artificial intelligence (AI) to create profile photos that can fool human eyes very easily.
The US Federal Trade Commission (FTC) recently said there were more than 92,000 job-related and business scams in 2022, with $367.4 million reported stolen.
"We see websites being set up, we see phone numbers with a seemingly professional operator picking up the phone and answering on the company's behalf. We see a move to more sophisticated deception," Rodriguez was quoted as saying.
Thousands of tech employees have lost their jobs at Big Tech and other companies in the global macroeconomic conditions.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Beyond Capital: Unveiling The Complexities Of Bank Failure Prediction
In the realm of banking, the ability to predict and prevent failures is paramount for financial stability and consumer c... Read more
Central Banks And The Economic Horizon: Steering Through Uncertaintie
In the evolving landscape of global financial markets, the strategic role of central banks has come under intense scruti... Read more
Transforming Financial Operations With Robotic Process Automation
Author: Ricardo Goulart ... Read more
The Role Of Machine Learning In Fraud Detection
Author: Gerardine Lucero  ... Read more
Principles Of Islamic Banking And Finance
When it comes to banking, a significant new contender has entered the ring. The principles of Islamic banking and financ... Read more
The Role Of Central Banks In Global Economy
The role of central banks in global economy is a stimulating topic that requires profound understanding. Commonly, centr... Read more