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Hong Kong Clerk Defrauded of $25 Million in Sophisticated Deepfake Scam

SecureWorld News

As artificial intelligence continues advancing at a rapid pace, criminals are increasingly using AI capabilities to carry out sophisticated scams and attacks. Technologies that synthesize realistic fake media, known as deepfakes, are among the newest tools being deployed to enable fraud.

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Cryptocurrencies and cybercrime: A critical intermingling

Security Affairs

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.

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Romance Ruses to Watch Out for on Valentine's Day

SecureWorld News

This Valentine's Day, the FBI is warning about an increase in romance scams targeting vulnerable people seeking online relationships. These scams often start innocently on dating sites or social media but quickly escalate to requests for money or sensitive information.

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Research Examines WormGPT, an AI Cybercrime Tool Used in BEC Attacks

SecureWorld News

These research findings have widespread implications for the security community in understanding how threat actors are not only manipulating generative AI platforms for malicious purposes but also creating entirely new platforms based on the same technology, specifically designed to do their ill-bidding.

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BEST PRACTICES: Mock attacks help local agencies, schools prepare for targeted cyber scams

The Last Watchdog

This can make them particularly susceptible to social engineering trickery, the trigger for online extortion and fraud campaigns, Bastable told me. These attacks aren’t really driven by technology, they’re more human-driven attacks.” The attackers aren’t really relying too much on technology. No arrests have been made.

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You’ve Never Heard of the C-Suite Targeting Scam, but It’s a Killer

Adam Levin

billion in BEC scam-related losses the year before. “BEC/EAC is a sophisticated scam targeting both businesses and individuals performing a transfer of funds,” explained the report. ” The report warned that the methods used by hackers to perpetrate BEC scams were becoming more complicated and difficult to detect.

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Digital artists meet scam artists, as criminals pounce on NFT craze

SC Magazine

No wonder scam artists are taking notice and jumping on the bandwagon. Shashi Prakash, chief technology officer and chief scientist at Bolster, told SC Media that NFTs are especially ripe for scamming right now because of the very fact that some people are chasing this fad without really understanding how the process works. “And

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