Jack Recider
👤 PersonAppearances Over Time
Podcast Appearances
By the way, 419 scams are those Nigerian print scams. You know the ones where they send you an email saying, if you pay us some money, we'll release the inheritance that we owe you. And the reason why it's called 419 scams is because specifically in Nigerian law, Section 419 makes it illegal to do this. We've all laughed at these scams in the past, but they're getting more sophisticated now.
By the way, 419 scams are those Nigerian print scams. You know the ones where they send you an email saying, if you pay us some money, we'll release the inheritance that we owe you. And the reason why it's called 419 scams is because specifically in Nigerian law, Section 419 makes it illegal to do this. We've all laughed at these scams in the past, but they're getting more sophisticated now.
I mean, that's amazing. But what I am surprised of is just like hearing the evolution of it. It sounds like they've really honed their skills over time.
I mean, that's amazing. But what I am surprised of is just like hearing the evolution of it. It sounds like they've really honed their skills over time.
Wow, so this is the number one crime? I guess I'm just so surprised that it's those awful Nigerian scammers who are doing this. And when I say awful, I mean the least sophisticated phishing emails I've ever seen. You know the ones. Sir, you had a long lost relative who was the prince of Nigeria and he has recently died and left a large inheritance for you.
Wow, so this is the number one crime? I guess I'm just so surprised that it's those awful Nigerian scammers who are doing this. And when I say awful, I mean the least sophisticated phishing emails I've ever seen. You know the ones. Sir, you had a long lost relative who was the prince of Nigeria and he has recently died and left a large inheritance for you.
Just send us $500 so we can process this and we'll get the money over to you. Like who in the right mind thinks their long-lost relative is the Prince of Nigeria and you never knew it? It's just the absolute dumbest attempt at a phishing scam that everyone laughs at. And it's those guys who are number one? This is the biggest criminal financial loss for companies today?
Just send us $500 so we can process this and we'll get the money over to you. Like who in the right mind thinks their long-lost relative is the Prince of Nigeria and you never knew it? It's just the absolute dumbest attempt at a phishing scam that everyone laughs at. And it's those guys who are number one? This is the biggest criminal financial loss for companies today?
Now, getting a business to pay a fake invoice can take a lot of prep. You gotta figure out who this company normally pays large bills to, and then try to pose as them. And one way to pose as them is to register a domain that's one letter off from the real one. So at first glance, it looks like it's from that person you normally do business with, but it's not.
Now, getting a business to pay a fake invoice can take a lot of prep. You gotta figure out who this company normally pays large bills to, and then try to pose as them. And one way to pose as them is to register a domain that's one letter off from the real one. So at first glance, it looks like it's from that person you normally do business with, but it's not.
Or sometimes you can pose as like the CTO sending a bill to the CEO of the same company. But still, to know who the CTO and CEO are, you got to know who the people are that work at this company and what their emails look like and what their invoices look like so that it can be as close to the original as possible for this to work. And that takes a lot of work.
Or sometimes you can pose as like the CTO sending a bill to the CEO of the same company. But still, to know who the CTO and CEO are, you got to know who the people are that work at this company and what their emails look like and what their invoices look like so that it can be as close to the original as possible for this to work. And that takes a lot of work.
Oh, and it's not always bill paying. Sometimes they try to scam these companies to send them gift cards. The scammers will pose as like some manager in the company and they'll ask someone higher up, hey, the company did such a great year. I'd like to give my employees gift cards as rewards. And the person's like, ah, it's a great idea.
Oh, and it's not always bill paying. Sometimes they try to scam these companies to send them gift cards. The scammers will pose as like some manager in the company and they'll ask someone higher up, hey, the company did such a great year. I'd like to give my employees gift cards as rewards. And the person's like, ah, it's a great idea.
Then the scammer's like, okay, well, since everyone's remote, could you just purchase the gift cards and then send me a photo of the back of the cards and I'll just pass those gift cards out to the employees. And that's how these companies end up sending gift cards to Nigerian scammers. It's crazy.
Then the scammer's like, okay, well, since everyone's remote, could you just purchase the gift cards and then send me a photo of the back of the cards and I'll just pass those gift cards out to the employees. And that's how these companies end up sending gift cards to Nigerian scammers. It's crazy.