$12.5 billion lost to cybercrime, amid tidal wave of crypto investment fraud

If you have been optimistically daydreaming that losses attributed to cybercrime might have reduced in the last year, it’s time to wake up.

The FBI’s latest annual Internet Crime Complaint Center (IC3) report has just been published, and makes for s… Continue reading $12.5 billion lost to cybercrime, amid tidal wave of crypto investment fraud

Three men found guilty of laundering $2.5 million in Target gift card tech support scam

Three Californian residents have been convicted of laundering millions of dollars tricked out of older adults who had fallen victim to government-imposter and tech support scams.

Read more in my article on the Hot for Security blog. Continue reading Three men found guilty of laundering $2.5 million in Target gift card tech support scam

Tech support scammers trick victims into old-school offline money transfer

The FBI warns that tech support scammers are increasingly telling their victims to send actual cash, concealed in newspaper or a magazine, rather than wiring funds.

But why?

Read more in my article on the Tripwire State of Security blog. Continue reading Tech support scammers trick victims into old-school offline money transfer

FTC accuses payments firm of knowingly assisting tech support scammers

Multinational payment processing firm Nexway has been rapped across the knuckles by the US authorities, who claim that the firm knowingly processed fraudulent credit card payments on behalf of tech support scammers.

Read more in my article on the Tr… Continue reading FTC accuses payments firm of knowingly assisting tech support scammers

Smashing Security #168: The Bitcoin fraud factory

Fraudsters steal millions from those hoping to jump on the Bitcoin bandwagon, Twitter verifies a fake US politician, and it’s another face palm for facial recognition.
All this and much more is discussed in the latest edition of the award-winning… Continue reading Smashing Security #168: The Bitcoin fraud factory

Four arrested as Microsoft and UK police team up to crack down on technical support scammers

Four people have been arrested after a two-year investigation by Microsoft and British police forces into telephone scams which prey upon the vulnerable, tricking them into believing their computers have been infected by malware.
Read more in my articl… Continue reading Four arrested as Microsoft and UK police team up to crack down on technical support scammers