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Hackers exploited a popular Discord bot to deceive users into clicking malicious links inside Discord servers of several popular nonfungible tokens (NFT) projects.
With the support of Europol, law enforcement agencies in Latvia and Lithuania detained over 100 people suspected of defrauding victims across the world in an international call center scam.
Any organization handling personally identifiable information through an IVR or contact center must secure its systems and implement proper risk management protocols. If they don’t, they and their customers may well suffer severe financial and reputational damage in the years to come.
Lookout, Inc. announced the discovery of major crypto mining scams using hundreds of Android apps. In total, security researchers at the Lookout Threat Lab identified more than 170 apps that are estimated to have scammed more than 93,000 victims.
The FBI says that complaints concerning online scams and investment fraud have now reached a record-breaking level. The Internet Crime Complaint Center (IC3) received its six millionth complaint on May 15. It took nearly seven years for the FBI’s Internet Crime Complaint Center (IC3) to log its first million complaints. It took only 14 months to add the most recent million.
Threat hunting company Group-IB published a report on a new scam scheme that they named “Classiscam.” The report reveals 40 or more groups currently running this scheme across Russia and Europe. The scheme involves a hierarchy of administrators, workers, and callers, who organize their activities through a Telegram bot.
Computer fraud, or cyber-scamming, is a multi-billion-dollar industry that affects people and organizations around the world. Since the pandemic started, cybersecurity experts have tracked a 400% rise in online scams. The world is evolving at a rapid pace and with everything getting connected and automated scammers are bound to adapt, thrive and succeed. Let’s understand the top five reasons:
What is causing digital fraud to rise year over year? From current trends and consumer attitudes to technological enhancements and more sophisticated tactics, let’s take a look at the top nine reasons digital fraud is rapidly increasing:
According to data extracted and analyzed by Atlas VPN, the United States residents reported 168,818 imposter scam cases amounting to $299.9 million in losses in the first half of 2020 with a median loss of $694. That is more than two times less than in H1 2019 when the US consumers reported 355,866 imposter fraud cases.
