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

Deep Dive: How P2P Payment App Providers Can Tackle Rising Fraud
Deep Dive: How P2P Payment App Providers Can Tackle Rising Fraud
January 25, 2021  |  Faster Payments

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Bitcoin Daily: Germany’s Finance Minister Says He’s Against Private Cryptos; Scam Used GoDaddy Employee Emails To Target Crypto Services
Bitcoin Daily: Germany’s Finance Minister Says He’s Against Private Cryptos; Scam Used GoDaddy Employee Emails...
November 22, 2020  |  Bitcoin

Malicious actors have now managed to momentarily take control over several cryptocurrency platforms by scamming employees at GoDaddy, the domain hosting service for these sites,...

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SEC Issues Corporate Fraud Warning As BEC Scams Climb
SEC Issues Corporate Fraud Warning As BEC Scams Climb
November 16, 2020  |  Security & Fraud

The risk of fraud continues to climb for organizations of all sizes as the latest data reveals third-quarter spikes in business email compromise and ransomware...

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Scammers Love Bitcoin, But Consumers Aren’t So Enthusiastic
Scammers Love Bitcoin, But Consumers Aren’t So Enthusiastic
October 07, 2020  |  Bitcoin

With transactions that become irreversible almost instantaneously, bitcoin and other cryptocurrencies are winning new converts — among scammers eager to avoid credit card chargebacks that...

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Bitcoin Daily: US Seeks To Return Funds To Investors From Banana.Fund In Connection With $6.5M Crypto Scam; Alleged Twitter Teen Hacker Has $3M In Bitcoin
Bitcoin Daily: US Seeks To Return Funds To Investors From Banana.Fund In Connection With $6.5M...
August 03, 2020  |  Bitcoin

U.S. prosecutors are looking to give back $6.5 million in purportedly swindled cryptocurrency to “Banana.Fund” crowdfunding effort victims, CoinDesk reported. Get the Full Story Complete...

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Deep Dive: Securing P2P Apps Against Scams And ATOs
Deep Dive: Securing P2P Apps Against Scams And ATOs
July 21, 2020  |  AML

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Twitter Hack Of Kardashian, Obama And 130+ Other A-Listers Invites FBI Probe
Twitter Hack Of Kardashian, Obama And 130+ Other A-Listers Invites FBI Probe
July 17, 2020  |  Security & Fraud

The FBI is investigating the worst security breach in Twitter’s 14-year history, as hackers commandeered more than 100 high-profile accounts, The Wall Street Journal reported....

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New Report: How Alipay Fends Off The Fraudsters
New Report: How Alipay Fends Off The Fraudsters
July 17, 2020  |  AML

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US Treasury Warns Banks Of Twitter Crypto Scam
US Treasury Warns Banks Of Twitter Crypto Scam
July 16, 2020  |  Security & Fraud

The U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) is warning financial institutions of a “high-profile” new scam exploiting Twitter accounts to try and scam convertible virtual...

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