In today’s digital age, cybercrime has become the most expensive form of fraud in the United States, with costs reaching an estimated $452.3 billion. Globally, cybercrime is predicted to cost $10.5 trillion annually.The American Association of Retired Persons (AARP) reported that American adults lost $43 billion to identity fraud in 2023 alone, impacting 15 million individuals. This alarming statistic shows
In today’s digital world, cybercriminals are always on the lookout for new ways to deceive and defraud their targets. One increasingly common tactic they use is the creation of lookalike domains. These are domains that closely resemble legitimate domains but contain subtle changes, such as slight misspellings or different top-level domains. By mimicking trusted websites, hackers can trick individuals into
Mobile wallets, also known as digital wallets, have greatly simplified the way financial transactions are managed. The convenience they offer, combined with robust security measures, has contributed to their popularity. However, the growth in digital wallet usage has coincided with a surge in related frauds. This trend underscores the need for consumers to exercise vigilance and adopt proactive measures to
The United States Department of Justice (DoJ) has seized $8.2 million in cryptocurrency connected to a prevalent form of online romance fraud known as “pig butchering.” In this type of scam, cybercriminals utilize anonymous phone numbers and messaging applications to establish fake romantic relationships with their victims, ultimately persuading them to send substantial sums of money under the pretense of
The realm of graphics processing units (GPUs) has seen unprecedented demand, and with this trend comes a surge in fraudulent activities aimed at exploiting eager buyers. Recent reports have uncovered a new wave of counterfeit Nvidia RTX 4090 GPUs, which are not only deceivingly sophisticated but also increasingly difficult to detect without a meticulous inspection. These scams often involve retrofitting
As the digital landscape continues to evolve, free online document converters have become increasingly popular for their convenience in handling file format changes. However, there is a growing concern that these seemingly harmless tools may be harboring significant cybersecurity threats. According to the FBI, there is an ongoing danger that criminals are exploiting these converters to load malware onto victims’
Operation Red Card, an ambitious international initiative aimed at dismantling cyber-enabled fraud and scams, was carried out across seven African countries between November 2024 and February 2025. This large-scale operation targeted criminal networks engaged in various types of digital fraud, including mobile banking fraud, investment scams, and malicious messaging app schemes. In the process, these criminal networks had defrauded over
As artificial intelligence (AI) continues to weave its way into nearly every facet of modern life, the potential risks associated with these advancements become increasingly prominent. While AI applications offer numerous benefits, they also harbor considerable dangers such as data theft, privacy loss, and discriminatory practices. Understanding these risks and adopting robust protective measures is crucial for maintaining personal security
In recent years, crypto airdrops have gained popularity as a way for blockchain projects to distribute free tokens to the public. If you’ve seen people on social media boasting about receiving free tokens worth hundreds or even thousands of dollars, you might wonder how you can get in on the action. What can seem like a daunting task at first
The intersection of advanced technology and cybercrime has introduced a new era of fraud that takes full advantage of AI and deepfake technologies to deceive individuals and businesses alike. Tax season, which is traditionally a time of heightened financial activity, has become a prime target for these sophisticated attacks. Imagine receiving a phone call from what sounds convincingly like an
As the world becomes more digital, cryptocurrency’s appeal continues to grow, attracting both new investors and cybercriminals. Microsoft’s Incident Response Team recently discovered a new cyber threat called StilachiRAT, a remote access trojan (RAT) that targets cryptocurrency wallet data. StilachiRAT infiltrates Google Chrome browser extensions like Coinbase Wallet, Trust Wallet, MetaMask, and OKX Wallet, posing a major risk. Discovered in
Every year, the excitement of March Madness captivates millions of basketball fans, drawing them into a frenzy of game-watching, ticket-buying, and betting. With the stakes higher than ever, it’s crucial to be aware of the various cyber threats that loom on the horizon during this much-anticipated event and to take steps to protect yourself and your data from potential harm.
