August 13, 2024 at 12:46PM Nigerian national Bamidele Omotosho has been sentenced to 12 years and seven months in prison for participating in cyber scams that caused multimillion-dollar losses for U.S. citizens. He and his co-conspirators used stolen information to carry out fraudulent schemes, ultimately leading to significant financial damage. Law enforcement has made several … Read more
March 19, 2024 at 04:05PM The FBI reported that investment fraud, particularly involving cryptocurrency, led to a $4.57 billion loss in 2023, surpassing losses from ransomware. Scams preyed on victims’ desire for quick profits and even targeted those seeking recovery from previous scams. Older individuals were especially vulnerable, accounting for substantial losses and an increase … Read more
December 11, 2023 at 05:42PM Interpol launches Operation Storm Makers II, targeting cyber-fraud operations involved in human trafficking across Asia and beyond. The crackdown led to 281 arrests and the rescue of 149 trafficking victims, with 360 new investigations opened. The spread of these insidious activities has prompted calls for global collaboration, including from nonprofit … Read more
November 14, 2023 at 04:44PM Google has filed two lawsuits to combat the abuse of its AI chatbot, Bard, for cyber scams. The first lawsuit targets cybercriminals who used social media ads to trick users into downloading Google’s AI tools, only to serve them malware instead. The second lawsuit accuses malicious actors of using Google’s … Read more
October 24, 2023 at 12:13PM Researchers have found hundreds of cyber scams related to the Israeli-Hamas conflict, including scam emails and fraudulent websites. These scams exploit people’s willingness to help those affected by the war and often use cryptocurrency as a payment method. Attackers use intimidation tactics and appeal to sympathy to manipulate recipients into … Read more