Fraud

The e-Commerce market is Vulnerable to Fraud and Merchants Are Unprepared to Prevent it
May 13, 2021 at 13:03
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 13:12
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 09:32
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 12:03
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 12:07
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 10:50
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).
Hackers Target Healthcare Industry as It is the Most Vulnerable During the COVID-19 Pandemic
Apr 12, 2020 at 11:02
News
Hackers Target Healthcare Industry as It is the Most Vulnerable During the COVID-19 Pandemic
While countries are busy dealing with the coronavirus pandemic, they are targeted by hackers wishing to benefit from the crisis. Now, criminals aim at the vital and the most vulnerable industry as of now - healthcare.
Scammers Pretending to be National Health Service Collect Fake Donations for COVID-19 Victims
Apr 10, 2020 at 08:50
News
Scammers Pretending to be National Health Service Collect Fake Donations for COVID-19 Victims
The number of scam projects seems to grow proportionally to COVID-19 cases. Now, scammers are posing themselves as the National Health Service (NHS) to trick the citizens of Great Britain out of their cryptocurrency.
New COVID-19 Scam Scheme Tricking People of their Bitcoins
Mar 28, 2020 at 07:14
News
New COVID-19 Scam Scheme Tricking People of their Bitcoins
Fraudsters are actively taking advantage of the worldwide coronavirus pandemic. Three cities in the UK, Manchester, Pembrokeshire, and Norfolk, have already issued scam alerts against new schemes.
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