Sep 28, 2024Ravie LakshmananCryptocurrency / Mobile Security Cybersecurity researchers have discovered a malicious Android app on the Google Play Store that enabled the threat actors behind it to steal approximately $70,000 in cryptocurrency from victims over a period of nearly five months. The dodgy app, identified by Check Point, masqueraded as the legitimate WalletConnect … [Read more...] about Crypto Scam App Disguised as WalletConnect Steals $70K in Five-Month Campaign
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INTERPOL Recovers $41 Million in Largest Ever BEC Scam in Singapore
Aug 06, 2024Ravie LakshmananEmail Security / Financial Fraud INTERPOL said it devised a "global stop-payment mechanism" that helped facilitate the largest-ever recovery of funds defrauded in a business email compromise (BEC) scam. The development comes after an unnamed commodity firm based in Singapore fell victim to a BEC scam in mid-July 2024. It refers to a type of … [Read more...] about INTERPOL Recovers $41 Million in Largest Ever BEC Scam in Singapore
Chinese Nationals Arrested for Laundering $73 Million in Pig Butchering Crypto Scam
The U.S. Department of Justice (DoJ) has charged two arrested Chinese nationals for allegedly orchestrating a pig butchering scam that laundered at least $73 million from victims through shell companies. The individuals, Daren Li, 41, and Yicheng Zhang, 38, were arrested in Atlanta and Los Angeles on April 12 and May 16, respectively. The foreign nationals have been "charged … [Read more...] about Chinese Nationals Arrested for Laundering $73 Million in Pig Butchering Crypto Scam
How to tell that what appears to be a message from your boss is actually the beginning of a scam attack
Imagine getting a call or message from your immediate senior — or maybe even the head honcho of the whole company. They warn you about a nasty situation brewing. It spells fines or some other financial woes for the company, big trouble for your department, and possible dismissal for you personally! Cold sweat trickles down your spine, but there’s still a chance to save the day! … [Read more...] about How to tell that what appears to be a message from your boss is actually the beginning of a scam attack
How to protect yourself from the pig butchering scam
Today, we’re discussing the increasingly common scam known as pig butchering. Due to its high profitability, this scheme is rapidly gaining popularity among fraudsters, and the number of victims is constantly growing. What is it? How does it work? And how can you protect yourself? We’ll cover it all in today’s post. What is pig butchering and how does this scam work? Pig … [Read more...] about How to protect yourself from the pig butchering scam
How cybercriminals scam women ahead of March 8
Taking place every year on March 8 in many countries across the world, International Women’s Day is celebrated differently depending on the country: in some it’s a national holiday; in others it’s not a holiday but still widely observed. But what’s the same everywhere is that it’s a day when everyone’s eyes are on women from all walks of life; and when I write everyone’s, that … [Read more...] about How cybercriminals scam women ahead of March 8
Patchwork Using Romance Scam Lures to Infect Android Devices with VajraSpy Malware
Feb 05, 2024NewsroomCyber Espionage / Cyber Extortion The threat actor known as Patchwork likely used romance scam lures to trap victims in Pakistan and India, and infect their Android devices with a remote access trojan called VajraSpy. Slovak cybersecurity firm ESET said it uncovered 12 espionage apps, six of which were available for download from the official Google Play … [Read more...] about Patchwork Using Romance Scam Lures to Infect Android Devices with VajraSpy Malware
Scam e-mails from “cloud-mining platform”
Despite some instability over the past six months, the cryptocurrency market is still seen by many as a get-rich-quick scheme. Accordingly, the stream of scammers feeding off this topic won’t be running dry any time soon. To lure victims into their traps, they continue to come up with new ploys, each more innovative than the last. Today we look at a novel scheme that invites … [Read more...] about Scam e-mails from “cloud-mining platform”
Bitcoin scam giveaway on a fake Nvidia website
Online fraudsters are continuing to use the names of famous people and companies to scam cryptocurrency users. This time the scammers are exploiting the brand name Nvidia, the US developer of GPUs that are particularly popular among crypto enthusiasts. Many devices for cryptocurrency mining were created on the basis of their GPUs. Next year Nvidia turns 30, and it’s common … [Read more...] about Bitcoin scam giveaway on a fake Nvidia website
5 online scam red flags
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 danger. 1. Stick or carrot Scammers often play on greed or fear. In the first case, … [Read more...] about 5 online scam red flags