Collaborate Disseminate
A scammer has been sentenced to 10 years in prison for laundering over US $4.5 million obtained by targeting businesses and the elderly with Business Email Compromise (BEC) and romance fraud schemes.
Read more in my article on the Tripwire State of … Continue reading 10 years in prison for $4.5 million BEC scammer who bought Ferrari to launder money
Take That’s Gary Barlow chats up a pizza-slinging granny from Essex via Facebook, or does he? And a scam takes a sinister turn – for both the person being scammed and an innocent participant – in Ohio.
All this and more is discussed in the latest e… Continue reading Smashing Security podcast #368: Gary Barlow, and a scam turns deadly
Two China-based Android app developers are being sued by Google for an alleged scam targeting 100,000 users worldwide through fake cryptocurrency and other investment apps.
Read more in my article on the Hot for Security blog. Continue reading Google sues crypto investment app makers over alleged massive “pig butchering” scam
Is this the real life? Is this just fantasy? A company in Hong Kong suffers a sophisticated deepfake duping, be one your guard from pig butchers as Valentine’s Day approaches, and spare a moment to feel sorry for poor ransomware gangs.
All this and … Continue reading Smashing Security podcast #358: Hong Kong hijinks, pig butchers, and poor ransomware gangs
US authorities have charged four people for their alleged roles in a fraudulent cryptocurrency investment scheme that saw targets approached via dating sites and social media, and cost victims more than $80 million.
Read more in my article on the Ho… Continue reading Gang charged with running $80 million “pig butchering” cryptocurrency investment scam
US authorities have seized almost $9 million worth of cryptocurrency linked to a gang engaged in cryptocurrency investment fraud and romance scams.
Read more in my article on the Tripwire State of Security blog. Continue reading $9 million seized from “pig butchering” scammers who preyed on lonely hearts
Apps on your iPhone must come from the App Store. Except when they don’t… we explain what to look out for. Continue reading FBI warns about scams that lure you in as a mobile beta-tester
As our lives become increasingly digital, threat actors gain even more avenues of attack. With the average person spending about 400 minutes online, many scammers enjoy a heyday. Old impersonation scams continue to deceive people every day, as con artists and hackers are armed with advanced technologies and sophisticated social engineering tactics. According to the […]
The post What to do about the rise of financial fraud appeared first on Security Intelligence.
Continue reading What to do about the rise of financial fraud
31-year-old Solomon Ekunke Okpe, of Lagos, was a member of a gang that devised and executed a variety of scams – including business email compromise (BEC), romance scams, working-from-home scams, and more – between December 2011 and January 2017.
Re… Continue reading US sends million-dollar scammer to prison for four years
UK banking group TSB is calling on social networks and dating apps to better protect their users from fake profiles, following an alarming spike in romance fraud.
Read more in my article on the Tripwire State of Security blog. Continue reading Romance fraud losses rose 91% during the pandemic, claims UK’s TSB bank