scam

An advance-fee scam is a form of fraud and one of the most common types of confidence tricks. The scam typically involves promising the victim a significant share of a large sum of money, in return for a small up-front payment, which the fraudster requires in order to obtain the large sum.

Source: en.wikipedia.org

Hackers Clone Debit Cards From India Bank
Hackers Clone Debit Cards From India Bank
August 14, 2018  |  Security & Fraud

India’s Cosmos Bank was the target of an attack in which hackers were able to transfer more than Rs 94 crore via a malware attack,...

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FBI Warns Banks About Widescale ATM Cash-Out Scam
FBI Warns Banks About Widescale ATM Cash-Out Scam
August 13, 2018  |  Security & Fraud

The Federal Bureau of Investigation (FBI) has issued a warning to banks that cybercriminals are gearing up to launch a choreographed global scam, known as...

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Elaborate Indian Bitcoin Scam Involves Policemen, Lawmakers
Elaborate Indian Bitcoin Scam Involves Policemen, Lawmakers
August 13, 2018  |  Bitcoin

Gujarat, the Indian home state of Prime Minister Narendra Modi, is at the center of a bitcoin-based Ponzi scheme that could end up being the...

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Amazon Helping FTC Crack Amazon Seller Scam
Amazon Helping FTC Crack Amazon Seller Scam
August 08, 2018  |  Amazon

Amazon is cooperating with the Federal Trade Commission’s (FTC’s) fraud investigation into Sellers Playbook. The FTC and the State of Minnesota have charged Minnesota-based Sellers...

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Bitcoin Daily: Coinbase Raises Buying Limit To $25K, West Virginia Launches Blockchain-Based Voting App
Bitcoin Daily: Coinbase Raises Buying Limit To $25K, West Virginia Launches Blockchain-Based Voting App
August 08, 2018  |  Bitcoin

A U.S. Drug Enforcement Administration official said that criminal activity no longer dominates cryptocurrency transactions, Bloomberg reported. The official noted that 90 percent of crypto...

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Sunken Treasure … And Sunken ICO Dreams
Sunken Treasure … And Sunken ICO Dreams
August 02, 2018  |  Cryptocurrency

Volatility comes in waves when it comes to cryptos. But waves of another kind — the kind that come complete with ships, treasure and no...

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Ex-QVC Executive Gets 2.5 Years In Prison For Defrauding Company
Ex-QVC Executive Gets 2.5 Years In Prison For Defrauding Company
July 11, 2018  |  Security & Fraud

QVC former director James D. Falkowski was sentenced to 30 months in a federal prison for being the brains behind a $1 million fraud scam....

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SEC Stops Fraudulent ICO That Raised $21M
SEC Stops Fraudulent ICO That Raised $21M
May 30, 2018  |  Security & Fraud

The Securities and Exchange Commission (SEC) announced on Tuesday (May 29) that it has obtained a court order to stop a fraudulent initial coin offering...

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Bitcoin Daily: Bloomberg Reporters Pulled Into Crypto Scam, Norway Considers Central Bank Digital Currency
Bitcoin Daily: Bloomberg Reporters Pulled Into Crypto Scam, Norway Considers Central Bank Digital Currency
May 24, 2018  |  Bitcoin

Bitcoin dropped below the $8,000 level on Wednesday (May 23), MarketWatch reported. The cryptocurrency was $7,522.24 as of 8:03 p.m., according to CoinDesk. But bitcoin wasn’t...

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