The rise of LinkedIn fraud

There is an increasing number of fraudsters and hackers who are committing cyber crimes targeting LinkedIn users.

By Ondrej Krehel

In the recent months I’ve started noticing something strange – too many connection requests from people I do not know. Since I’m working in the cybersecurity industry, I’m very careful with whom I add on LinkedIn. Most of these requests were what I would deem safe, but an alarming number of them started originating from obviously fake profiles. And for a good reason – I am the CEO of a company, making me a high-value target. What do these fraudsters need my information for?
Most likely for phishing campaigns – they are among the most popular means to acquiring a target’s security credentials and personal data. One report revealed a large number of hackers who were speculated to be have operating out of Iran. Creating dozens of fake LinkedIn accounts by posing as corporate headhunters, they sought to snag working professionals in industries such as telecommunications and even government agencies. Once the approach and the trap is laid with successful results, the targets are enticed into giving up information such as business emails.
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