A new phishing scheme to be on the look out for, one which is stealing millions from American companies and making headlines for its sophistication. This new threat to your cyber security adds a twist to traditional schemes: using live, human operators who fraudulently obtain your information during mock customer service calls.
The scam, labeled "Dyre Wolf" after the extinct and often mythologized predator, was discovered early in April by IBM. It's brought in $1 million thus far. That's nothing compared to many other schemes -- another sophisticated online fraud resulted in a $26 million judgment just the other day. Why is Dyre Wolf something to be concerned about then? The fact that it targets U.S. businesses and that it does so so well.