September 10, 2024 at 10:33AM The FBI’s annual report on crypto-related cybercrime highlights a grim reality, with over $5.6 billion in losses in the US in 2023, a 45% increase from the previous year. Those aged 60 and over are the most vulnerable, falling victim to investment scams promising huge returns from cryptocurrency. The FBI … Read more
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
October 26, 2023 at 01:57PM The Nigerian Police arrested six suspects involved in cybercrime, including scams such as business email compromise, romance scams, and investment schemes. They dismantled a cybercrime mentoring hub in Abuja and seized digital devices. The suspects confessed to participating in cybercrime activities like hacking, identity theft, and forgery. The authorities urge … Read more