Fraudsters Exploit Dormant Bitcoin Addresses to Steal Data In the ever-evolving landscape of digital transactions, scammers have found a new way to exploit unsuspecting individuals – by targeting dormant Bitcoin addresses. These fraudsters utilize fake legal claims and false transactions to zero in on inactive wallets, prompting owners to prove their ownership or face the […]
Scammers use fake celebrities to steal millions in crypto fraud
Beware of Crypto Scammers Impersonating Celebrities: FBI Reports Billions Lost In the ever-evolving world of cryptocurrency, scams and fraud have become an unfortunate reality for many investors. One particularly insidious tactic that scammers are using involves impersonating celebrities to lure victims into fraudulent schemes, resulting in billions of dollars in losses, according to the FBI. […]
Court convicts duo in UK crypto fraud worth $2 million
Court Convicts Duo in UK Crypto Fraud Worth $2 Million In a recent development in the world of cryptocurrency, a court in the UK has convicted two individuals involved in a fraudulent scheme that cost victims a staggering $2 million. The case sheds light on the prevalence of scams within the digital asset space and […]
Scammers shift focus to businesses amid surge in attacks
Scammers Shift Focus to Businesses Amid Surge in Attacks In today’s digital age, scammers are constantly evolving their tactics to prey on unsuspecting victims. While individuals have long been the primary target of fraudulent schemes, there has been a noticeable shift in focus towards businesses in recent years. With data breaches alone costing businesses nearly […]
Washington city orders removal of crypto ATMs over rising scamsÂ
Washington City Cracks Down on Crypto ATMs to Combat Rising Scams In a bold move to curb the surge of cryptocurrency-related scams, the city of Spokane in Washington has ordered the removal of around 50 crypto ATMs within the next 60 days. This decision comes as part of a broader effort to address the increasing […]
AI helps Google curb scams and deepfakes in India
AI Helps Google Curb Scams and Deepfakes in India Artificial Intelligence (AI) has been a game-changer in various fields, and its impact on combating scams and deepfakes in India is becoming increasingly significant. Recently, the Indian Institute of Technology Madras (IIT-Madras) and Google have joined forces to work on future-ready, privacy-focused cryptography, aiming to enhance […]
Cyberattack on Nova Scotia Power exposes sensitive data of 280,000 customers
Cyberattack on Nova Scotia Power Exposes Sensitive Data of 280,000 Customers Nova Scotia Power, a prominent utility company in Canada, recently fell victim to a ransomware attack, putting the sensitive information of approximately 280,000 customers at risk. This incident sheds light on the increasing threats of cyberattacks targeting critical infrastructure and highlights the urgent need […]
HMRC got targeted in a £47 million UK fraud
HMRC Faces £47 Million Fraud: Criminals Exploit PAYE Accounts In a shocking revelation, HM Revenue and Customs (HMRC) recently confirmed that criminals managed to steal a staggering £47 million from the UK tax authority. The fraudsters achieved this by employing a sophisticated scheme that involved faking taxpayer credentials and exploiting Pay As You Earn (PAYE) […]
Australia tightens rules for crypto ATMs
Australia Tightens Rules for Crypto ATMs Cryptocurrency has been a hot topic in the financial world in recent years, with many individuals and businesses investing in digital currencies like Bitcoin and Ethereum. However, as the popularity of cryptocurrencies has risen, so too have the risks associated with them. In Australia, the regulatory body AUSTRAC has […]
SEC sues Unicoin over alleged $100 million fraud
SEC Sues Unicoin Over Alleged $100 Million Fraud The Securities and Exchange Commission (SEC) recently made headlines by filing a lawsuit against Unicoin for an alleged $100 million fraud. According to the SEC, Unicoin misled investors by promising that its tokens were backed by billions in property, when in reality, the assets were worth far […]