#FraudVictims

FBI: Critical infrastructure menaced by spike in ransomware

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March 6, 2024 at 03:55PM The FBI’s 2023 Internet Crime Complaint Center (IC3) report reveals over $12.5 billion in digital crime losses. With 880,418 complaints, representing a 10 percent increase, the monetary loss rose by 22 percent. Notably, only 15 percent of fraud victims report crimes, and ransomware infections and investment scams were prominent, with … Read more

Citibank sued over failure to defend customers against hacks, fraud

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January 30, 2024 at 11:13AM New York Attorney General Letitia James sued Citibank for failing to protect customers from hacks and scams, unlawfully denying reimbursement to fraud victims, and exploiting exceptions in regulations. The lawsuit alleges substantial financial losses for New York consumers, citing inadequacies in Citibank’s response to fraudulent activities and mistreatment of victims … Read more