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As the use of cryptocurrency increases, so does the risk of being a target for scammers. Tom Merritt offers five tips for defending against cryptocurrencyscams.
These malware scams lure individuals with fake conference invitations designed to mimic legitimate meeting requests and exploit users’ trust. Matanbuchus and XMRig: Used for cryptocurrency mining, these malware strains can slow down systems while surreptitiously utilizing computing resources.
The FBI warns of a significant increase in scams involving free online document converters to infect users with malware. “The FBI Denver Field Office is warning that agents are increasingly seeing a scam involving free online document converter tools, and we want to encourage victims to report instances of this scam.”
The Russian-speaking Crazy Evil group runs over 10 social media scams, tricking victims into installing StealC, AMOS, and Angel Drainer malware. Since 2021, the Crazy Evil gang has become a major cybercriminal group, using phishing, identity fraud, and malware to steal cryptocurrency. ” reads the report published by Insikt Group.
As the use of cryptocurrency increases, so does the risk of being a target for scammers. Tom Merritt offers five tips for defending against cryptocurrencyscams.
Meta provided insight this week into the company’s efforts in taking down more than 2 million accounts that were connected to pig butchering scams on their owned platforms, Facebook and Instagram. Pig butchering scams are big business, with hundreds of millions of dollars involved every year.
It specializes in stealing credentials stored in most browsers, session cookie theft for platforms like Discord and Steam, and information theft related to cryptocurrency wallets. But the end goal to this scam, and most others, is monetary gain. So keep an eye on your digital and flat currency if youve fallen for one of these scams.
Also including blockchain-related projects in the ban, SourceHut's creator said the technology is associated with fraudulent activities and high-risk investments. The post Open-source repository SourceHut to remove all cryptocurrency-related projects appeared first on TechRepublic.
The dangers of cryptocurrency phishing are back in the news, after tech investor Mark Cuban was reported to have lost around $870k via a phishing link. Fake tools and websites for cryptocurrency are common. You’re handing the scammer the keys to your cryptocurrency kingdom. Thanks to Jerome for finding this.
We were alerted to Mac and Windows stealers currently distributed via Reddit posts targeting users engaging in cryptocurrency trading. These two malware families have wreaked havoc, pillaging victims’ personal data and enabling their distributors to make substantial gains, mostly by taking over cryptocurrency wallets.
But while it’s an easy experiment to run, it misses the real risk of large language models (LLMs) writing scam emails. Today’s human-run scams aren’t limited by the number of people who respond to the initial email contact. So why were scammers still sending such obviously dubious emails?
Be wary of romance scams "People can be vulnerable on February 14th," said Dave Machin , Partner at The Berkeley Partnership. "If Use secure payment methods Avoid wire transfers, prepaid gift cards, or cryptocurrency for online purchases for Valentine's Day. These payment methods are wide open to cyberattack," Machin said.
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.
The Federal Bureau of Investigation (FBI) issued a public service announcement warning the public about scammers impersonating cryptocurrency exchange employees to steal funds. With cryptocurrency exchanges, this is often not true. Some crypto-related scams often deploy imposter websites which are hard to discern from the real ones.
Shashanka Dr. Madhu Shashanka , Chief Data Scientist, Concentric AI Generative AI in 2025 will bring transformative opportunities but heightened cybersecurity risks, including data exposure, AI misuse, and novel threats like prompt injection attacks. Organizations face rising risks of AI-driven social engineering and personal device breaches.
Ben is disappointed: FBI reports huge rise in cryptocurrency investment scams. The post Scams Lost US $10 BILLION in 2022 — Crypto Fraud Grows Fast appeared first on Security Boulevard. Why am I not surprised?
It emerged alongside the explosion of Web3/NFT/cryptocurrency popularity, and ensures scammers get a slice of the money pie. It’s one of those odd scams, doing weird things, to accounts you have no idea about. The Airdrops of the moment are promotional tactics aimed at cryptocurrency/Web3 people. What is an Airdrop?
But since it was a rainy day and I’d never seen this type of WhatApp scam before, I decided to investigate. Malwarebytes blocked the domain for fraud To fully understand the message, it’s good to know that USTD stands for Tether , a cryptocurrency referred to as a stablecoin because its value is pegged to a flat currency.
LinkedIn also said it is adding a warning to some LinkedIn messages that include high-risk content, or that try to entice the user into taking the conversation to another platform (like WeChat). “These warnings will also give you the choice to report the content without letting the sender know.”
Cryptocurrency scammers love social media—especially Meta’s platforms. Hundreds of millions of dollars were scammed from U.S. The post Fake Cash Scams Thrive on Facebook and Insta—FTC appeared first on Security Boulevard. consumers in 2021.
A flurry of bogus domains and scam techniques are spreading their wings. Reports indicate a big run on phishing and scams. Where scams sometimes diverge from real fundraising sites is in requesting payment via cryptocurrency. There are things you can do to lessen the risk from awful scams such as the above.
Tasks scam are surging, with a year over year increase of 400%. More explanations about the job are followed by a quick query whether I will be able to buy USDT, the hottest cryptocurrency in the world as Tina described it. (It balance in the USDT accounts belonging to the scammers These scams are likely designed to be confusing.
With the value of cryptocurrencies going to the roof, you can expect several attempts to get defrauded if you even show the slightest interest in the topic or not. And avoiding them is in everyone’s best interest—the Federal Bureau of Investigation (FBI) reported estimated losses to cryptocurrency related fraud exceeding $5.6
Pig butchering scams are big business. The numbers are not very precise because some see them as a special kind of romance scam , while others classify them as investment fraud. Once the victim places enough trust in the scammer, they bring the victim into a cryptocurrency investment scheme. So here are some pointers.
In the digital age, the quest for love has moved online, but so have the fraudsters, with romance scams reaching record highs. These scams don’t just harm individuals financially and emotionally; they can also pose significant risks to businesses.
The higher the global popularity of cryptocurrencies and the more new ways of storing them, the wider the arsenal of tools used by malicious actors who are after digital money. This story covers two fundamentally different methods of email attacks on the two most popular ways of storing cryptocurrency: hot and cold wallets.
First Facebook scam Translation: Deadly accident on highway causes several fatalities Notable about this one is that it was posted as a fundraiser and so does not allow comments, which blocks me from posting a warning that this is a scam. I have seen two different types in German.
Bitcoin ATM Scams: What You Need to Know IdentityIQ Bitcoin, the popular digital currency, has opened new avenues for online transactions and investments. With the growing prevalence of Bitcoin ATMs (also known as Bitcoin kiosks), it’s essential to be aware of the potential scams and take necessary precautions.
Cryptocurrency owners should take heed of warnings related to Xenomorph malware—Bleeping Computer reports that the most recent version of Xenomorph now targets various cryptocurrency wallets using fake browser update messaging as bait. At the time, Xenomorph crept into the official Android store via false pretences.
.” When companies wish to link up with investors, what follows involves a legal process known as “due diligence” wherein each side takes time to research the other’s finances, management, and any lurking legal liabilities or risks associated with the transaction.
There’s a lot of concern in the cryptocurrency realm at the moment. A yield farming platform “utilizing arbitrage to gain optimal yield with low risk” has gone AWOL. What is a rug pull in cryptocurrency? A rug pull (or “being rugged”, as they call it in cryptocurrency circles) is not a fun experience.
However, this surge in… Read more on Cisco Blogs Blockchain adoption and crypto investments are peaking, along with scams. Blockchain technology has experienced remarkable adoption in recent years, driven by its use across a broad spectrum of institutions, governments, retail investors, and users.
United States’ FTC just released their Data Spotlight Consumer protection report where it raises significant concerns and tries to raise awareness of cryptocurrency investments related risks. The post Over $80 Million Lost Due to CryptocurrencyScams appeared first on Heimdal Security Blog.
Europol and its associates have arrested 9 people in conjunction with a cannabis investment scam known as “JuicyFields” The suspects used social media to lure investors to their website. Don’t fall for scams Stick with safe investments, it’s easier said than done. Million in total. Judging a book by its cover.
There are two main types of online fraud aimed at stealing user data and money: phishing and scams. The history of scams and phishing. Also in the 1990s, the first online scams appeared. Phishing and scams: current types of fraud. They just need to sign up and pay a small fee. Distribution.
Whether you’ve been naughty or nice, someone will try and stuff a scam down your chimney either way. Social media shopping scams. Often, these scams lead consumers to participate in an online survey that is designed to steal personal information. Work from home scams. It’s simply not with the risk.
Oink, oink, FAIL—you’re in jail: Kansas bank chief exec Shan Hanes stole money from investors, a church and others to buy cryptocurrency to feed a scam. The post Pig Butchering at Heart of Bank Failure — CEO Gets 24 Years in Jail appeared first on Security Boulevard.
Kidnap scams involve making a phone call to a victim and telling them a loved one has been taken. We see criminals gravitating to digital payment systems, cryptocurrencies, and even gift cards across most realms of attack. The post How to spot the signs of a virtual kidnap scam appeared first on Malwarebytes Labs.
If you’re a user of the Gemini cryptocurrency exchange, it’s time to be on your guard against phishing attacks. Breaches in cryptocurrency land are always a major issue. Some folks have their life savings and investments in these realms, and cryptocurrency/Web3 phishing generally has been running riot for some time now.
Cybersecurity firm Mandiant (recently acquired by Google ) told Bloomberg that hackers working for the North Korean government have been copying resumes and profiles from leading job listing platforms LinkedIn and Indeed, as part of an elaborate scheme to land jobs at cryptocurrency firms. of spam and scams.
These fake accounts promote fraudulent offers like free event tickets or gambling top-ups, exploiting user trust and luring victims into phishing scams. Cryptocurrencies are difficult to trace, making them a prime target for theft. For example, in February 2025, North Koreas Lazarus Group stole $1.46 billion from the Bybit exchange.
The post A New Ransomware Scam: Fraud by the Incident Responders appeared first on Security Boulevard. Oxford invoked its incident response plan and called in its team. One member of Oxford’s internal incident response team, Ashley Liles, had a brilliant idea—he was going.
However, it’s more likely I dodged a Bitcoin scam. The kind of scam where I’d have to use screenshots of my bank account slowly being drained of all available funds for my next blog post. Common Instagram Bitcoin scams. It’s another very common scam related to compromised accounts. Shall we take a look?
This highly anticipated announcement is likely to prompt cybercriminals to resume the now-traditional vacation scams that bring in millions each year. If the person or agent insists that you give these details or risk forfeiting your spot, it’s a scam. Remember, if a deal sounds too good to be true, it usually is.”
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