article thumbnail

Cryptocurrency Pump and Dump Scams

Schneier on Security

Really interesting research: " An examination of the cryptocurrency pump and dump ecosystem ": Abstract : The surge of interest in cryptocurrencies has been accompanied by a proliferation of fraud. The recent explosion of nearly 2,000 cryptocurrencies in an unregulated environment has expanded the scope for abuse.

article thumbnail

Top 5 ways to protect against cryptocurrency scams

Tech Republic Security

As the use of cryptocurrency increases, so does the risk of being a target for scammers. Tom Merritt offers five tips for defending against cryptocurrency scams.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Two Russians Charged in $17M Cryptocurrency Phishing Spree

Krebs on Security

authorities today announced criminal charges and financial sanctions against two Russian men accused of stealing nearly $17 million worth of virtual currencies in a series of phishing attacks throughout 2017 and 2018 that spoofed websites for some of the most popular cryptocurrency exchanges. Separately, the U.S.

article thumbnail

Wire Fraud Scam Upgraded with Bitcoin

Schneier on Security

The FBI has issued a bulletin describing a bitcoin variant of a wire fraud scam : As the agency describes it, the scammer will contact their victim and somehow convince them that they need to send money, either with promises of love, further riches, or by impersonating an actual institution like a bank or utility company.

Scams 309
article thumbnail

How to Avoid Being Scammed When Giving Charity

Joseph Steinberg

While evildoers perpetrate charity-related scams throughout the year, they know that the holiday spirit in general, and the concentrated focus on charity on Giving Tuesday specifically, both improve their odds of success. Here are 9 ways to protect against charity-related scams: 1. Confirm that a charity is real.

Scams 363
article thumbnail

GoDaddy Employees Used in Attacks on Multiple Cryptocurrency Services

Krebs on Security

Fraudsters redirected email and web traffic destined for several cryptocurrency trading platforms over the past week. The attacks were facilitated by scams targeting employees at GoDaddy , the world’s largest domain name registrar, KrebsOnSecurity has learned. 13, with an attack on cryptocurrency trading platform liquid.com.

article thumbnail

On the Dangers of Cryptocurrencies and the Uselessness of Blockchain

Schneier on Security

Earlier this month, I and others wrote a letter to Congress, basically saying that cryptocurrencies are an complete and total disaster, and urging them to regulate the space. Green writes: “I have no problem with the idea of legislators (intelligently) passing laws to regulate cryptocurrency. ” I have yet to see one.