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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. That identifying information was then used to establish a bank account to receive stolen BEC/EAC funds and then transferred to a cryptocurrency account.”

Internet 107
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Tax Season Scams: How to Protect Your Identity

Identity IQ

It pays to guard against tax identity theft. Here’s how to help protect your identity during tax season. You’re asked to pay with gift cards, wire transfers, or cryptocurrency. Scammers trick you into giving up credit card and bank information by pretending to be the IRS.

Scams 124
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A Ukrainian Raccoon Infostealer operator is awaiting trial in the US

Security Affairs

The Raccoon stealer was first spotted in April 2019, it was designed to steal victims’ credit card data, email credentials, cryptocurrency wallets, and other sensitive data. FBI identified more than 50 million unique credentials and forms of identification (email addresses, bank accounts, cryptocurrency addresses, credit card numbers, etc.)

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Scams 101: All you need to know to protect against online fraud and identity theft

Hot for Security

Internet scams are everywhere, inflicting billions of dollars in reported losses from victims each year. By applying high-pressure tactics and the promise of expedited payments, scammers have managed to dupe recipients into providing their personal information and bank account numbers or paying a small “processing fees.”

Scams 116
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What You Should Know About ‘Pig Butchering Scams’

Identity IQ

The FBI’s Internet Crime Complaint Center recently saw more than 4,300 submissions for romance fraud that, include pig butchering scams, totaling more than $429 million in losses. As mentioned, pig butchering scams are long-term schemes that involve romance , cryptocurrency , and online investment scams. Furthermore, the U.S.

Scams 104
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US charges Ukrainian man with Raccoon Infostealer operation

Security Affairs

The Raccoon stealer was first spotted in April 2019, it was designed to steal victims’ credit card data, email credentials, cryptocurrency wallets, and other sensitive data. FBI identified more than 50 million unique credentials and forms of identification (email addresses, bank accounts, cryptocurrency addresses, credit card numbers, etc.)

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Cybercriminals Implemented Artificial Intelligence (AI) for Invoice Fraud

Security Affairs

Resecurity has uncovered a cybercriminal faction known as “ GXC Team “, who specializes in crafting tools for online banking theft, ecommerce deception, and internet scams. The necessary login credentials for online banking systems are previously harvested through a phishing kit.