Across the numerous types of scams that cybercriminals frequently utilize today, many of the attacks are still not very sophisticated from a technical perspective, according to cybersecurity consultant and author Jeremiah Baker.
During a keynote Sunday at XChange Security 2025, Baker ran through a litany of real-world scams he has known about that have led to significant losses for the victims—and sometimes even the end of their businesses.
Particularly for small businesses, “when they get hit by something damaging like this, a majority of the time they do go out of business within a very short period of time,” said Baker, while discussing an aviation company that folded after falling victim to a $740,000 wire fraud scam.
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