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 […]
Criminals exploit weak mail security in new fraud surge
Criminals Exploit Weak Mail Security in New Fraud Surge In the ever-changing landscape of fraud, criminals are increasingly turning to sophisticated methods to exploit vulnerabilities in our systems. One such method that has seen a surge in recent times is the exploitation of weak mail security for old-fashioned cheque fraud, which has now received a […]
Hackers hijack NY Post X account to scam crypto users
When Cybercrime Meets Crypto: Hackers Hijack NY Post X Account to Scam Users In a world where digital threats loom large, the recent exploitation of the New York Post’s verified X account serves as a stark reminder of the dangers that can arise in the online realm. What initially seemed like a routine social media […]
Scammers target Zhao with fake Grok tokens amid rising Musk-related fraud
Beware of Scammers: Zhao Targeted with Fake Grok Tokens Amid Rising Musk-Related Fraud As the world of cryptocurrency continues to capture the imagination of investors and enthusiasts alike, it has also become a breeding ground for scammers looking to make a quick buck at the expense of unsuspecting victims. One of the latest tactics employed […]