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FBI: Investment Scams Surpass BEC as Most Costly Cybercrime

SecureWorld News

Alright, how many of you saw a cryptocurrency ad on TV in 2022? Now the important question: how many of you got scammed in some sort of way by cryptocurrency or another type of investment? The report is based on 800,944 complaints of suspected internet crime reported to the FBI last year, with losses exceeding $10.3

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Scams Lost US $10 BILLION in 2022 — Crypto Fraud Grows Fast

Security Boulevard

Ben is disappointed: FBI reports huge rise in cryptocurrency investment scams. The post Scams Lost US $10 BILLION in 2022 — Crypto Fraud Grows Fast appeared first on Security Boulevard. Why am I not surprised?

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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. The novelty this year is represented by scams exploiting the COVID-19 pandemic. ” reads 2020 Internet Crime Report. billion in losses.

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Law enforcement crackdowns and new techniques are forcing cybercriminals to pivot

CSO Magazine

It can seem like cybercriminals are running rampant across the world's digital infrastructure, launching ransomware attacks, scams, and outright thefts with impunity.

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Elon Musk-themed cryptocurrency scam uses fake Medium as the promotion site

Malwarebytes

As Elon Musk spends most of the week in the headlines, so pop up Elon Musk-themed scams—and it looks like they may be ramping up. Appealing—if you’re a big cryptocurrency user. BTC on Instagram bitcoin scam. This is just one of the many faces of a recovery scam. The report says: Good work deserves recommendation.

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Could curtailing cryptocurrency calm cyber crime wave?

SC Magazine

A technician inspects the backside of a cryptocurrency mining farm in Saint Hyacinthe, Quebec. Cryptocurrency is famously anonymous, but evading capture is not the only reason cryptocurrency is the go-to payment solution for ransomware. First, understanding the role of cryptocurrency in ransomware.

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Ransomware making big money through "big game hunting"

Malwarebytes

Ransomware generates big money for the groups behind it, with new research confirming (some) of the scale of the problem. Chainalysis, a blockchain research firm, looked at data from monitored cryptocurrency wallets, concluding that around $449 million has been taken from victims in the last six months. What is big game hunting?