U.S. and U.K. Take Largest Action Ever Targeting Cybercriminal Networks in Southeast Asia
— American losses to online investment scams have been growing steadily, totaling over 16.6 billion dollars. In response, the U.S. Treasury and U.K. government have launched their most expansive joint campaign yet to dismantle Southeast Asia–based cybercrime networks by sanctioning 146 entities tied to the Prince Group Transnational Criminal Organization and cutting off the Cambodia-based Huione Group from the U.S. financial system.
How to spot and stop AI phishing scams
— Everyone is talking about the power of AI these days. Unfortunately, scammers are also turning to AI to making their scams smarter and more effective.
A recent victim recently lost $850,000 to a scammer who used AI to pose as Brad Pitt!
Here are some tips to avoid falling for a scam.
You’d never fall for an online scam, right?
— Wrong, says cybersecurity expert. Con artists use time-tested tricks that can work on anyone regardless of age, IQ — what’s changed is scale.
Online scams are on the rise. Last year, American consumers lost $12.5 billion due to cybercrime, which represents a 22 percent increase over the previous year, according to a report by the FBI. Cybercriminals use psychological trickery to dupe victims into giving up their money, and their tactics are becoming more sophisticated. They post fake ads on social media platforms, send emails with phishing links or malware, and recently in the Boston area, solicit payments for unpaid tolls via text message.