Tag #Online Scams

Showing 1 to 12 of 49 results

zeit.de

🌐 85% Global Worthiness

Sep 10, 07:22

Investment Fraudsters Cause Millions in Damages in Baden-Württemberg

Investment scammers using messaging apps like WhatsApp and Telegram have defrauded numerous people in Baden-Württemberg, Germany, out of millions of euros by promising high returns and using deceptive tactics.

Investment Fraudsters Cause Millions in Damages in Baden-Württemberg

Investment scammers using messaging apps like WhatsApp and Telegram have defrauded numerous people in Baden-Württemberg, Germany, out of millions of euros by promising high returns and using deceptive tactics.

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48% Bias Score

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What are the long-term implications of these scams, and what preventative measures can be taken by potential victims?

The long-term implications include severe financial hardship for victims, erosion of trust in legitimate financial institutions, and potential widespread financial instability. Preventative measures include ignoring unsolicited investment offers via messaging apps, independently verifying the legitimacy of trading platforms through the BaFin database, and never sharing sensitive financial data or making payments to unknown entities.

zeit.de

🌐 75% Global Worthiness

Sep 8, 13:21

Beware of Fake Social Media Profiles: Hessian Consumer Protection Center Warns of Fraud

The Hessian Consumer Protection Center warns of fraudulent social media profiles impersonating celebrities to promote financial and health products; they advise caution with suspicious profiles, unusual activity, and exaggerated promises.

Beware of Fake Social Media Profiles: Hessian Consumer Protection Center Warns of Fraud

The Hessian Consumer Protection Center warns of fraudulent social media profiles impersonating celebrities to promote financial and health products; they advise caution with suspicious profiles, unusual activity, and exaggerated promises.

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8% Bias Score

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What are the key characteristics of these fraudulent social media profiles?

The fraudulent profiles often feature unusual spellings in the name or lack basic information. They frequently promote lucrative financial products or revolutionary health remedies, employing exaggerated promises and requests for money transfers to unknown accounts.

abcnews.go.com

🌐 85% Global Worthiness

Aug 21, 07:24

Thailand Imposes Daily Limit on Online Transfers to Curb Fraud

Thailand's central bank implemented a daily 50,000 baht ($1,537) limit on many online transfers to curb financial fraud, especially targeting vulnerable groups like children and the elderly; this follows a surge in online scams costing 2.8 billion baht ($86.1 million) in June alone.

Thailand Imposes Daily Limit on Online Transfers to Curb Fraud

Thailand's central bank implemented a daily 50,000 baht ($1,537) limit on many online transfers to curb financial fraud, especially targeting vulnerable groups like children and the elderly; this follows a surge in online scams costing 2.8 billion baht ($86.1 million) in June alone.

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48% Bias Score

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What is the immediate impact of Thailand's new daily limit on online money transfers?

To combat online financial scams, Thailand's central bank has mandated a daily limit of 50,000 baht ($1,537) on many online transfers. This impacts millions of mobile banking users, prioritizing the protection of vulnerable groups like children and the elderly, who are frequent targets of fraud.

foxnews.com

🌐 85% Global Worthiness

Aug 1, 19:17

Facebook Malware Scam Targets Cryptocurrency Users

A multi-month-long Facebook malvertising campaign uses fake cryptocurrency ads and celebrity endorsements to install malware on users' devices, primarily targeting men interested in technology and finance in Bulgaria and Slovakia, highlighting the platform's vulnerability to sophisticated scams.

Facebook Malware Scam Targets Cryptocurrency Users

A multi-month-long Facebook malvertising campaign uses fake cryptocurrency ads and celebrity endorsements to install malware on users' devices, primarily targeting men interested in technology and finance in Bulgaria and Slovakia, highlighting the platform's vulnerability to sophisticated scams.

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48% Bias Score

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What is the immediate impact of the Facebook cryptocurrency scam on users and Facebook's advertising platform?

A malicious ad campaign on Facebook, using fake cryptocurrency brands and celebrity endorsements, is installing malware on users' devices via deceptive downloads. This campaign has been running for months, affecting users interested in technology and finance, particularly in Bulgaria and Slovakia. The malware silently establishes a server on the victim's device to receive malicious instructions, hindering traditional security detection.

theglobeandmail.com

🌐 85% Global Worthiness

Jul 17, 22:11

Deepfakes Fuel Investment Scams in Canada

Deepfake investment scams targeting prominent Canadian financial figures like David Rosenberg and Adrian Bar are defrauding investors; the reliance on public awareness campaigns is insufficient, demanding proactive measures from institutions and regulators.

Deepfakes Fuel Investment Scams in Canada

Deepfake investment scams targeting prominent Canadian financial figures like David Rosenberg and Adrian Bar are defrauding investors; the reliance on public awareness campaigns is insufficient, demanding proactive measures from institutions and regulators.

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36% Bias Score

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How does the inadequacy of current regulatory responses to deepfake investment fraud contribute to the financial harm suffered by victims, and what systemic changes are needed?

The reliance on public awareness campaigns by regulators and social media platforms to combat investment fraud is insufficient. While education is helpful, it shifts responsibility from institutions that could proactively prevent these scams, such as social media companies that fail to adequately address impersonation reports. The case of finfluencer Adrian Bar, who reported hundreds of fake accounts with minimal response, exemplifies this failure.

bari.repubblica.it

🌐 75% Global Worthiness

Jul 8, 19:20

Italian Financial Consultant Under Investigation for €Millions Investment Fraud

A 54-year-old financial consultant in Salento, Italy, is under investigation for allegedly defrauding at least 50 clients, including a doctor and lawyer, of their life savings through online investments; authorities seized digital devices during a search of her home.

Italian Financial Consultant Under Investigation for €Millions Investment Fraud

A 54-year-old financial consultant in Salento, Italy, is under investigation for allegedly defrauding at least 50 clients, including a doctor and lawyer, of their life savings through online investments; authorities seized digital devices during a search of her home.

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48% Bias Score

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No Poverty

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How did the alleged fraud operate, and what role, if any, did the British holding companies play?

The consultant, who opened a Consob-authorized office in May 2024, maintains her innocence, claiming she was a victim of British holding companies she worked for. Investigations are ongoing, and the number of victims continues to grow, with numerous complaints filed. One surgeon lost his life savings after initially investing €30,000.

welt.de

🌐 85% Global Worthiness

Sep 10, 07:21

Investment Fraud in Baden-Württemberg Results in Millions in Losses

International investment fraudsters operating in Baden-Württemberg, Germany, have defrauded victims of millions of euros through a sophisticated scheme involving fake online trading platforms and promises of high returns.

Investment Fraud in Baden-Württemberg Results in Millions in Losses

International investment fraudsters operating in Baden-Württemberg, Germany, have defrauded victims of millions of euros through a sophisticated scheme involving fake online trading platforms and promises of high returns.

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24% Bias Score

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How do the perpetrators establish trust, and what specific techniques are used to manipulate their victims?

Trust is built through messaging apps like WhatsApp and Telegram, presenting fake success stories and using fake profiles to appear legitimate. They direct victims to seemingly authentic trading platforms, showing early, fake profits before demanding additional fees or taxes, or blocking accounts, leaving victims with no access to their money.

aljazeera.com

🌐 85% Global Worthiness

Aug 22, 07:18

Nigeria Deports 102 for Cybercrime in Crackdown on Online Scams

Nigeria deported 102 foreign nationals, primarily Chinese and Filipinos, following a crackdown on cybercrime involving fake cryptocurrency investments and romance scams; further deportations are planned.

Nigeria Deports 102 for Cybercrime in Crackdown on Online Scams

Nigeria deported 102 foreign nationals, primarily Chinese and Filipinos, following a crackdown on cybercrime involving fake cryptocurrency investments and romance scams; further deportations are planned.

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40% Bias Score

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Peace, Justice, and Strong Institutions

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How are foreign cybercrime syndicates exploiting Nigeria's infrastructure to facilitate online scams?

This action reflects Nigeria's increased crackdown on online scams, particularly those involving fake cryptocurrency investments and romance scams targeting Americans, Canadians, Mexicans, and Europeans. Foreign gangs often recruit Nigerian accomplices to execute these schemes, highlighting a transnational criminal network.

bbc.com

🌐 85% Global Worthiness

Aug 7, 13:19

Meta Deactivates 7 Million WhatsApp Accounts for Fraud

Meta deactivated 7 million WhatsApp accounts in the first half of 2024 for suspected fraud, primarily involving organized groups using fake accounts to trick users into revealing personal information or verification codes for financial gain, often targeting amounts around 50,000 rupees via mobile mo...

Meta Deactivates 7 Million WhatsApp Accounts for Fraud

Meta deactivated 7 million WhatsApp accounts in the first half of 2024 for suspected fraud, primarily involving organized groups using fake accounts to trick users into revealing personal information or verification codes for financial gain, often targeting amounts around 50,000 rupees via mobile mo...

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32% Bias Score

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What role do mobile money transfer apps play in facilitating WhatsApp-based scams, and what are the typical financial demands made by scammers?

Meta's actions highlight a significant issue: the exploitation of WhatsApp for financial scams. Organized groups create fake accounts, often impersonating friends or family, to trick users into revealing personal information or verification codes, leading to account takeovers and financial losses. This is exacerbated by the ease of mobile money transfers, often with limits around 50,000 rupees.

forbes.com

🌐 85% Global Worthiness

Jul 22, 13:12

FBI Warns of Surge in Attacks Stealing Money via Malicious Apps

The FBI warns of a surge in attacks across the U.S. using unsolicited messages (texts, emails, popups, and apps) to trick citizens into installing malicious software, granting access to their bank accounts and enabling scammers to steal their money.

FBI Warns of Surge in Attacks Stealing Money via Malicious Apps

The FBI warns of a surge in attacks across the U.S. using unsolicited messages (texts, emails, popups, and apps) to trick citizens into installing malicious software, granting access to their bank accounts and enabling scammers to steal their money.

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32% Bias Score

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What methods do the scammers use to gain the victims' trust and facilitate the transfer of funds?

Scammers create a false sense of urgency by claiming a phantom hacker has accessed the victim's device. They then guide the victim through a process of moving their money to a "safe account," which is actually the scammer's account or crypto wallet. This tactic leverages social engineering and trust to defraud victims.

cincodias.elpais.com

🌐 85% Global Worthiness

Jul 9, 07:18

Surge in Hotel Booking Cyberattacks

A rise in online hotel bookings due to the pandemic's no-cost cancellation policies has led to a surge in sophisticated cyberattacks, with hackers exploiting this trend to steal user data and money; one recent case involved a user losing nearly \$1,500.

Surge in Hotel Booking Cyberattacks

A rise in online hotel bookings due to the pandemic's no-cost cancellation policies has led to a surge in sophisticated cyberattacks, with hackers exploiting this trend to steal user data and money; one recent case involved a user losing nearly \$1,500.

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36% Bias Score

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How are hackers exploiting the increase in online hotel bookings and cancellations to commit fraud?

This increase in cybercrime is directly linked to the exponential growth of online hotel bookings and associated cancellations. The ease of online transactions combined with the prevalence of no-cost cancellation options creates a fertile ground for fraudulent activities. Hackers leverage AI-powered tools to convincingly mimic legitimate booking platforms, enabling them to steal sensitive user data.

foxnews.com

🌐 85% Global Worthiness

Jul 5, 19:12

Over 120,000 Fake Amazon Websites Target Prime Day Shoppers

Security researchers found over 120,000 fake Amazon websites created in the past two months to scam Prime Day shoppers with phishing traps, malware, and fake products; Amazon is fighting back but consumers must remain vigilant.

Over 120,000 Fake Amazon Websites Target Prime Day Shoppers

Security researchers found over 120,000 fake Amazon websites created in the past two months to scam Prime Day shoppers with phishing traps, malware, and fake products; Amazon is fighting back but consumers must remain vigilant.

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44% Bias Score

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How are Amazon's efforts to combat these scams impacting the effectiveness of the fraud attempts?

The increase in Amazon Prime Day scams is driven by the event's popularity and shoppers' urgency to find deals. Cybercriminals exploit this urgency to trick consumers into visiting fraudulent websites or revealing personal information. Amazon's efforts to combat these threats include website and phone number takedowns, as well as collaboration with law enforcement.

Showing 1 to 12 of 49 results