FBI warns of scam apps amid move to mobile banking

Banking app users are among the top targets for cybercriminals looking to take advantage of the pandemic-induced lockdowns. As the use of mobile banking apps surges during COVID-19 lockdowns, so does the risk that these platforms will be exploited by cybercriminals, warns the FBI’s Internet Crime Complaint Center (IC3). Citing estimates by US financial technology providers, the Bureau’s online … More FBI warns of scam apps amid move to mobile banking

FBI: Cybercrime losses tripled over the last 5 years

On the upside, the Bureau recovered more than US$300 million in funds lost to online scams last year. In 2019, the United States’ Federal Bureau of Investigation (FBI) received more than 467,000 cybercrime complaints that caused an estimated US$3.5 billion in losses, according to the Bureau’s annual 2019 Internet Crime Report (IC3). Last year saw both the … More FBI: Cybercrime losses tripled over the last 5 years

FBI warns of romance scams using online daters as money mules

Up to 30 percent of romance fraud victims in 2018 are estimated to have been used as money mules. Scammers are using dating sites and apps not only to scout for lovesick men and women before bilking them out of money, but also to recruit ‘money mules’ for laundering funds obtained in illicit activities. According … More FBI warns of romance scams using online daters as money mules

Global police arrest dozens of people in dark web sting

More trouble in dark markets? A notorious black-market bazaar announces plans to close up shop on the same day that police announce the arrests of 61 people. Law enforcement from Europe, the United States, and Canada have announced the results of a recent international operation against dozens of people who reportedly sold and bought illicit … More Global police arrest dozens of people in dark web sting