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FBI: Investment Scams Surpass BEC as Most Costly Cybercrime

SecureWorld News

Now the important question: how many of you got scammed in some sort of way by cryptocurrency or another type of investment? The FBI's Internet Crime Complaint Center (IC3) has released its 2022 Internet Crime Report , which reveals the trends and impacts of cybercrime in the United States. According to the U.S. billion in losses.

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Interview With a Crypto Scam Investment Spammer

Krebs on Security

Social networks are constantly battling inauthentic bot accounts that send direct messages to users promoting scam cryptocurrency investment platforms. ” One of the crypto investment scam messages promoted in the spam campaigns on Mastodon this month. “On Twitter, more spam and crypto scam.”

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Financial sextortion scams on the rise

Malwarebytes

While the above scene is fictional, it’s indicative of what the FBI and Department of Homeland Security agree is the fastest-growing cybercrime of the last three years. Fast forward to June 2023, and 51 percent of Generation Z respondents said they or their friends were catfished in sextortion scams—47 percent in the last three months.

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The trouble with BEC: How to stop the costliest internet scam

We Live Security

BEC fraud generated more losses for victims than any other type of cybercrime in 2021. It’s long past time that organizations got a handle on these scams. The post The trouble with BEC: How to stop the costliest internet scam appeared first on WeLiveSecurity.

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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.

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Cybersecurity CEO: 5 Cybercrime Trends to Watch for in 2021

Herjavec Group

As we look ahead to 2021, what trends can we expect to emerge and continue when it comes to cyber? Ransomware, the fastest-growing type of cybercrime, will claim a new victim? Sadly, in 2020, we saw the first instance of human loss as a direct result of cybercrime – ransomware to be exact. Sophisticated Ransomware .

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Cybercrime Statistics in 2019

Security Affairs

I’m preparing the slides for my next speech and I decided to create this post while searching for interesting cybercrime statistics in 2020. Cybercrime will cost as much as $6 trillion annually by 2021. The global expense for organizations to protect their systems from cybercrime attacks will continue to grow.