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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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Man sentenced to six years in prison for stealing millions in cryptocurrency via SIM swapping

Security Affairs

Daniel James Junk (22) of Portland was sentenced to 72 months in federal prison for his role in a scheme that resulted in the theft of millions of dollars of cryptocurrency using a SIM swapping. Once hijacked a SIM, the attacker can steal money, cryptocurrencies and personal information, including contacts synced with online accounts.

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Here Are the Top 3 Online Scams and How to Avoid Them

Identity IQ

The recent Federal Bureau of Investigations Internet Crime Report shows that cybercrime has spiked, leaving hundreds of thousands of victims and costing more than $4 billion. The FBI received a record number of reports last year totaling 791,790, a 69% growth from 2019. billion in 2019 to $4.2 Phishing Scams.

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Reading the FBI IC3’s ‘2020 Internet Crime Report’

Security Affairs

The FBI’s Internet Crime Complaint Center has released its annual report, the 2020 Internet Crime Report , which includes data from 791,790 complaints of suspected cybercrimes. billion and authorities observed an increase of more than 300,000 complaints from 2019 (+69%). million in 2019 to over $29.1 billion in losses.

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State of Cybercrime 2020: FBI Report

SecureWorld News

The FBI notes that the Internet Crime Complaint Center (IC3) has been key to its mission to track cybercrimes. The IC3 "provides the public with a trustworthy source for information on cyber criminal activity," and also is a useful tool for victims to report a cybercrime. The IC3 received 19,369 reports of BEC/EAC scams in 2020. "In

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Russian-speaking cybercrime evolution: What changed from 2016 to 2021

SecureList

Having been in the field for so long, we have witnessed some major changes in the cybercrime world’s modus operandi. This report shares our insights into the Russian-speaking cybercrime world and the changes in how it operates that have happened in the past five years. million USD) monthly. Services in demand.

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Illicit Crypto Transactions Hit All-Time High in 2022

SecureWorld News

It shouldn't come as a surprise to many, but i llicit cryptocurrency transactions hit an all-time high in 2022, totaling $20.1 In 2021, the company found $14 billion in illicit activity, but it has since raised that number to $18 billion due to the discovery of new crypto scams. billion, according to a report by Chainalysis.