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Cryptocurrencies and cybercrime: A critical intermingling

Security Affairs

As cryptocurrencies have grown in popularity, there has also been growing concern about cybercrime involvement in this sector Cryptocurrencies have revolutionized the financial world, offering new investment opportunities and decentralized transactions.

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Hong Kong Clerk Defrauded of $25 Million in Sophisticated Deepfake Scam

SecureWorld News

As artificial intelligence continues advancing at a rapid pace, criminals are increasingly using AI capabilities to carry out sophisticated scams and attacks. Technologies that synthesize realistic fake media, known as deepfakes, are among the newest tools being deployed to enable fraud.

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The Cost of Cybercrime

Schneier on Security

Really interesting paper calculating the worldwide cost of cybercrime: Abstract: In 2012 we presented the first systematic study of the costs of cybercrime. Several new cybercrimes are significant enough to mention, including business email compromise and crimes involving cryptocurrencies. and more on response.

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The law enforcement operations targeting cybercrime in 2023

Bleeping Computer

In 2023, we saw numerous law enforcement operations targeting cybercrime operations, including cryptocurrency scams, phishing attacks, credential theft, malware development, and ransomware attacks. [.]

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Recognising Scam Patterns and Preventing Data Loss: A Unified Approach

IT Security Guru

From protecting sensitive corporate data to safeguarding our personal information, the battle against cybercrime is ongoing. They must recognise the scam patterns that may threaten a business’s data and take a unified approach to prevent data loss and mitigate cyber threats.

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Romance Ruses to Watch Out for on Valentine's Day

SecureWorld News

This Valentine's Day, the FBI is warning about an increase in romance scams targeting vulnerable people seeking online relationships. These scams often start innocently on dating sites or social media but quickly escalate to requests for money or sensitive information.

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Resecurity identified the investment scam network ‘Digital Smoke’

Security Affairs

Once payments are collected from the victims, they make previously created resources vanish and set up the next new campaign – this is why investigators named the group “Digital Smoke” According to the latest report by FTC released last week called “The Top Scams of 2022” people reported losing $8.8

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