February 9, 2024 at 10:24AM The FTC reported over $10 billion losses to scammers in 2023, a 14% increase from the previous year. Ransomware payments also hit a record of over $1.1 billion. Imposter scams were the most reported fraud, with investment scams leading in losses. The FTC added 5.4 million consumer reports to their … Read more
January 25, 2024 at 01:14PM Abu Dhabi-based investment firm National Investor alerts about fraudulent use of its name, logo, and employee names in online scams promoting fake investment opportunities and tenders. Scams involve soliciting personal, business, financial information. The firm’s warning comes after similar phishing messages impersonating official entities and manipulated search engine results related … Read more
January 20, 2024 at 07:26AM Instagram has fallen short in addressing the rise of imposters and romance scammers misusing the platform. Instances of fake profiles impersonating real people are being dismissed, even after being reported and appealed, raising concerns about the effectiveness of Instagram’s content review process. Users are advised to take measures to safeguard … Read more
October 24, 2023 at 08:09AM Spanish law enforcement has arrested 34 members of a criminal group that conducted online scams, resulting in €3 million ($3.2 million) in illegal profits. The arrests were made in multiple locations, and authorities seized weapons, cash, vehicles, and electronic material. The group infiltrated financial and credit institution databases and conducted … Read more
October 23, 2023 at 03:12PM Scammers are taking advantage of the Israel-Hamas war to collect fraudulent donations by posing as legitimate charities. These scammers are using social platforms to solicit funds and are posting gory images to evoke sympathy. Fake fundraising emails are also being sent, urging people to contribute and tricking them into losing … Read more