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.
US shoppers targeted in sophisticated TikTok scam amid global trade uncertainty
— Online scammers are reportedly targeting US shoppers on TikTok in an elaborate fake luxury products scheme in which the seller claims to have obtained "factory direct" designer clothes.
Recently, many users on TikTok have encountered convincing ads promoting discounted items from high-end brands, like Lululemon leggings and a Hermès Birkin lookalike. The voiceover purports that the cheap clothes were pulled straight out of the factory, meaning they possess the same quality materials from the same suppliers—a deal too good to be true.