Fraud

Online Payment Fraud is Flourishing: Users Might Lose Over $206B by 2025
Jul 15, 2021 at 11:00
News
Online Payment Fraud is Flourishing: Users Might Lose Over $206B by 2025
According to the new study by Juniper Research, online businesses globally will lose more than $206 bln from online payment fraud by 2025. The figure is almost 10x equal to Amazon's net income recorded in the last year (2020).
Cryptocurrency Money Laundering Thrives in the UK; $408 Million Already Laundered
Jul 15, 2021 at 09:15
News
Cryptocurrency Money Laundering Thrives in the UK; $408 Million Already Laundered
Since the UK began hunting money launderers, British police have managed to seize over $408 million (£294 million) worth of illegal cryptocurrencies. This shows that the general situation with money laundering using cryptocurrencies in the United Kingdom is alarming.
Prevention Is Better Than Cure: 5 Tips to Avoid Crypto Fraud When Trading in 2021
Jul 08, 2021 at 12:32
News
Prevention Is Better Than Cure: 5 Tips to Avoid Crypto Fraud When Trading in 2021
There isn't a single lucrative business in this world that doesn't attract the attention of scammers. Almost every cryptocurrency exchange has its "full-time" experienced scammer. Below are useful tips on how to overcome scams in 2021.
The e-Commerce market is Vulnerable to Fraud and Merchants Are Unprepared to Prevent it
May 13, 2021 at 14:03
News
The e-Commerce market is Vulnerable to Fraud and Merchants Are Unprepared to Prevent it
As online shopping is one of the commonly used online activities internationally, the global retail e-Commerce sales globally are expected to increase to about $6.55 by 2022. However, the industry is still vulnerable to fraudsters, so a great share of profits is expected to be lost due to the vulnerability.
Turkish Government Doubles its Crime-Combating Efforts Following $2 Billion Cryptocurrency Fraud
Apr 28, 2021 at 14:12
News
Turkish Government Doubles its Crime-Combating Efforts Following $2 Billion Cryptocurrency Fraud
The cybercrime department of the Turkish police has arrested four people following the loss of $2 Billion from a cryptocurrency exchange. The arrested people included the head of Vebitcoin, one of the sites that became inaccessible leading to loss of funds. The culprits were rounded up in the province of Mugla southwestern Turkey.
American Tax Collector Netted in Cryptocurrency Corruption Scandal
Apr 03, 2021 at 10:32
News
American Tax Collector Netted in Cryptocurrency Corruption Scandal
A tax official from the US state of Florida has been indicted on corruption embezzlement charges involving cryptocurrencies.
Cryptocurrency Fraud Canada up 400%: 5 Tips for Users to Become Less Vulnerable
Apr 01, 2021 at 13:03
News
Cryptocurrency Fraud Canada up 400%: 5 Tips for Users to Become Less Vulnerable
Bitcoin adoption is growing dramatically in Canada, but the rate of cryptocurrency fraud is also increasing at a worrying speed. Between 2017 to 2020, digital currency-related fraud in Canada rose by about 400%, as per the report by RCMP.
Australians Lose Big to Cryptocurrency Scams, over $2 Billion in a Decade
Jun 23, 2020 at 13:07
News
Australians Lose Big to Cryptocurrency Scams, over $2 Billion in a Decade
Australians seem to be very vulnerable to fraudulent money-stealing schemes. In 2019 alone, the continent citizens lost over $634 million to cryptocurrency scams, with over $2 billion stolen during the past decade.
Cryptocurrency Fraud Worth 100 Bln Won Busted in South Korea
Jun 13, 2020 at 11:50
News
Cryptocurrency Fraud Worth 100 Bln Won Busted in South Korea
On June 12, 2020, the Seoul Metropolitan Police announced investigating a cryptocurrency scam project run by three fraudsters having collected about 100 billion won (approx. $83.1 million USD).
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