romance scams
$2.7 billion lost to social media scams since 2021
Scams originating on social media have accounted for $2.7 billion in reported losses since 2021, more than any other contact method, according to the Federal Trade Commission. …
Scammers using social media to dupe people into becoming money mules
Fraudsters are taking advantage of the widening fraud knowledge gap, outlining the urgent need for banks to educate and protect their customers with technology, according to …
DoJ cracks down on cryptocurrency fraud, seizes $112 million in linked funds
The Department of Justice (DoJ) declared the confiscation of digital currency valued at approximately $112 million connected to fraudulent cryptocurrency investments. …
Internet crime in 2021: Investment fraud losses soar
Business email compromise/email account compromise scams still have the highest financial toll on victims, but investment fraud has also lead to massive losses last year, …
Preventing account takeover and social engineering attacks
Since the COVID-19 outbreak, digital fraud has increased significantly, especially when it comes to account takeover. In this Help Net Security podcast, Angie White, Senior …
Losses due to BEC scams are escalating
Despite falling down on the list of most often reported Internet-facilitated crimes, Business Email Compromise/Email Account Compromise is still the type of crime that results …
Internet crime: The continuing rise of the BEC scam
Through its website, the FBI’s Internet Crime Complaint Center (IC3) accepts complaints about Internet-facilitated criminal activity, and forwards them to the …
The West African cybercriminal ecosystem is unlike any other
While there is still not an actual underground marketplace, cybercrime is pervasive in the West African region. Specifically, scamming operations. The peculiarities of the …
Interpol arrests Nigerian scam mastermind who stole $60 million
The head of an international criminal network behind thousands of online frauds has been arrested in a joint operation by INTERPOL and the Nigerian Economic and Financial …
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