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Two Russians Charged in $17M Cryptocurrency Phishing Spree

Krebs on Security

authorities today announced criminal charges and financial sanctions against two Russian men accused of stealing nearly $17 million worth of virtual currencies in a series of phishing attacks throughout 2017 and 2018 that spoofed websites for some of the most popular cryptocurrency exchanges. Separately, the U.S.

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Digital artists meet scam artists, as criminals pounce on NFT craze

SC Magazine

For the uninitiated, NFTs are unique tokens that accompany original and collectible digital artwork or videos that can be sold or traded as a form of cryptocurrency, with transactions registered on the blockchain. No wonder scam artists are taking notice and jumping on the bandwagon. billion in 2020. “We

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Crypto security breaches cause $4.25 billion losses worth of cryptos in 2021

Security Affairs

The cyberattacks against the cryptocurrency industry are a profitable business for threat actors, according to the experts, $12.1 billion worth of cryptocurrencies have been stolen in the last decade. “Cryptocurrency crime stands in direct proportion to the size of the cryptocurrency market. Threat actors stole $3.18

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Phone Company Insiders Helped Global Sim-Swapping Gang Steal Millions in Cryptocurrency

Security Boulevard

A SIM, or Subscriber Identity Module, is the little chip that goes inside a phone and ties that phone to a particular account at a particular mobile provider. If the phone provider believes you have a new phone, they can tell their system, this is the new SIM number that should be linked to your account. Sorry, couldn't resist!)

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When Low-Tech Hacks Cause High-Impact Breaches

Krebs on Security

The general manager of Escrow.com found himself on the phone with one of the GoDaddy hackers, after someone who claimed they worked at GoDaddy called and said they needed him to authorize some changes to the account. One multifactor option — physical security keys — appears to be immune to these advanced scams.

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Americans lost $770 million from social media fraud in 2021, FTC reports

Security Affairs

The US agency received over 95,000 reports from US consumers victims of social media frauds, this marks an 18-fold increase over 2017 reported losses and more than double compared to 2020. According to the FTC, people with age between 18 to 39, were most exposed to these scams in 2021. Read about romance scams.

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Due Diligence That Money Can’t Buy

Krebs on Security

“He said we used to use big accounting firms for this but found them to be ineffective,” Nick said. “The company they wanted us to use looked like a real accounting firm, but we couldn’t find any evidence that they were real. Also, we asked to see an investment portfolio.

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