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$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 …

Department of Justice
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. …

Fraud losses
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 …

BEC scams
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 …

BEC scams
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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