A leader of an international crime network that attempted to launder more than $25 million in fraudulently obtained funds, including through business email compromise, received a sentence of more than a decade in prison. Valentine Iro, 34, pleaded guilty in October 2020 to one count of conspiracy to engage in money laundering. He was sentenced…

Fraudsters are getting more sophisticated about how they set up and make adjustments to brand impersonation scam sites — not just for phishing, but for all kinds of consumer fraud. A recent analysis by security researchers at Allure Security illustrates how brand impersonation sites are born, how they progress, and the evolutionary steps that fraudsters…

Would-be cryptocurrency investors are being targeted in a scam that has already stolen more than $42.7 million from 244 victims, according to the latest private industry notification from the Federal Bureau of Investigation. According to the FBI, scammers have used phishing attacks to convince victims to download fake mobile cryptocurrency investment apps impersonating legitimate investment…

No one — gamer, cryptocurrency investor, or online shopper — is safe from scammers. But no matter who the victim is or how sophisticated the scheme may be, there is always a way to sniff out fraud before it’s too late. Today we’re looking at five common signs of online scams to help you avoid…

One of the most eagerly awaited games of the year, Cyberpunk 2077, is set for release in December 2020. As gamers count down the days, scammers are using the window to cash in. We found several websites supposedly giving away Cyberpunk 2077. Alas, visitors are sure to be disappointed, or worse. How the Cyberpunk 2077…

The internet is full of fraud and theft and cybercriminals are operating in the open with impunity, misrepresenting brands and advocating deceit overtly. Bolster found these criminals are using mainstream ISPs, hosting companies and free internet services – the same that are used by legitimate businesses every day. Phishing and online fraud scams accelerate In…

As US citizens wait for President Trump’s final decision about whether quarantine will be over by Easter, malware peddlers have already “decided”: quarantine will be prolonged until August 2020. Phishing emails point to malware Researchers with anti-phishing startup Inky have spotted two phishing emails purportedly coming from the White House, “signed” by President Trump. Both…

Cryptocurrency users, exchanges and investors suffered $4.5 billion in crypto-related losses resulting from thefts, hacks, and fraud, a CipherTrace report reveals. Cryptocurrency crime losses The lion’s share of those losses stem from the staggering growth of Ponzi schemes, exit scams, and misappropriation of funds crimes, the value of which rose 533 percent year over year….