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U.S. Sanctions Cloud Provider ‘Funnull’ as Top Source of ‘Pig Butchering’ Scams

Krebs on Security

a Philippines-based company that provides computer infrastructure for hundreds of thousands of websites involved in virtual currency investment scams known as pig butchering.” ” The Treasury Department said Funnull’s operations are linked to the majority of virtual currency investment scam websites reported to the FBI.

Scams 223
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China-based SMS Phishing Triad Pivots to Banks

Krebs on Security

The site will then complain that the visitor’s bank needs to “verify” the transaction by sending a one-time code via SMS. In reality, the bank is sending that code to the mobile number on file for their customer because the fraudsters have just attempted to enroll that victim’s card details into a mobile wallet.

Banking 246
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How and where to report an online scam

Malwarebytes

If you’ve been scammed it’s really important to report it, if you can, in order to help prevent others falling for the same scam, and give authorities a chance to catch the criminal who did it. Notify your bank or credit card company: Inform them about the fraud in order to freeze accounts or reverse charges where possible.

Scams 103
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Wire Fraud Scam Upgraded with Bitcoin

Schneier on Security

The FBI has issued a bulletin describing a bitcoin variant of a wire fraud scam : As the agency describes it, the scammer will contact their victim and somehow convince them that they need to send money, either with promises of love, further riches, or by impersonating an actual institution like a bank or utility company.

Scams 338
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PayPal Phishing Scam Uses Invoices Sent Via PayPal

Krebs on Security

While the phishing message attached to the invoice is somewhat awkwardly worded, there are many convincing aspects of this hybrid scam. Also, the email headers in the phishing message (PDF) show that it passed all email validation checks as being sent by PayPal, and that it was sent through an Internet address assigned to PayPal.

Scams 342
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Transacting in Person with Strangers from the Internet

Krebs on Security

But when dealing with strangers from the Internet, there is always a risk that the person you’ve agreed to meet has other intentions. These safe trading places exist because sometimes in-person transactions from the Internet don’t end well for one or more parties involved. Nearly all U.S. Nearly all U.S.

Internet 333
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Cybercrime Rapper Sues Bank over Fraud Investigation

Krebs on Security

That story showed how Punchmade’s social media profiles promoted Punchmade-themed online stores selling bank account and payment card data. On June 26, Turner filed a pro se lawsuit against PNC Bank , alleging “unlawful discriminatory and tortuous action” after he was denied a wire transfer in the amount of $75,000.

Banking 307