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. Laundering money from cryptocurrency confidence scams According to court documents, t… Continue reading DoJ cracks down on cryptocurrency fraud, seizes $112 million in linked funds

Internet crime in 2022: Over $3 billion lost to investment scammers

“In 2022, investment scam losses were the most (common or dollar amount) scheme reported to the Internet Crime Complaint Center (IC3),” the FBI shared in its 2022 Internet Crime Report. This category includes crypto-investment scams such as… Continue reading Internet crime in 2022: Over $3 billion lost to investment scammers

Fake ChatGPT Chrome extension targeted Facebook Ad accounts

ChatGPT has garnered a lot of questions about its security and capacity for manipulation, partly because it is a new software that has seen unprecedented growth (hosting 100 million users just two months following its launch). Security concerns vary fr… Continue reading Fake ChatGPT Chrome extension targeted Facebook Ad accounts

Don’t be fooled by a pretty icon, malicious apps hide in plain sight

Apps, whether for communication, productivity or gaming, are one of the biggest threats to mobile security, according to McAfee. The end of 2022 saw the release of some game-changing applications such as OpenAI’s ChatGPT chatbot and DALL-E 2 image gene… Continue reading Don’t be fooled by a pretty icon, malicious apps hide in plain sight

Expert strategies for defending against multilingual email-based attacks

BEC (Business Email Compromise) attacks have become increasingly prevalent in recent years, with cybercriminals using a variety of tactics to gain access to sensitive information and steal money from businesses. While many people may assume that these … Continue reading Expert strategies for defending against multilingual email-based attacks

Resecurity identified the investment scam network Digital Smoke

Resecurity identified one of the largest investment fraud networks by size and volume of operations created to defraud Internet users from Australia, Canada, China, Colombia, European Union, India, Singapore, Malaysia, United Arab Emirates, Saudi Arabi… Continue reading Resecurity identified the investment scam network Digital Smoke

FTC reveals alarming increase in scam activity, costing consumers billions

Newly released Federal Trade Commission (FTC) data shows that consumers reported losing nearly $8.8 billion to fraud in 2022, an increase of more than 30 percent over the previous year. Losing money to investment and imposter scams Consumers reported l… Continue reading FTC reveals alarming increase in scam activity, costing consumers billions

Users looking for ChatGPT apps get malware instead

The massive popularity of OpenAI’s chatbot ChatGPT has not gone unnoticed by cyber criminals: they are exploiting the public’s eagerness to experiment with it to trick users into downloading Windows and Android malware and visit phishing pa… Continue reading Users looking for ChatGPT apps get malware instead

Authorities break up gang responsible for €38 million CEO fraud

A joint investigation supported by Europol has led to the dismantling of a Franco-Israeli criminal gang involved in large-scale CEO fraud (also known as BEC scams). The operational activities resulted in five action days, which took place between Janua… Continue reading Authorities break up gang responsible for €38 million CEO fraud