scams

UK cryptocurrency scams jump 23%, young investors prime targets: Lloyds Bank

UK cryptocurrency scams jump 23%, young investors prime targets: Lloyds Bank 10/11/2023 at 17:04 By Cointelegraph By Amaka Nwaokocha According to the bank, potential cryptocurrency investors usually make an average of three payments before recognizing they’ve fallen victim to a scam. This article is an excerpt from Cointelegraph.com News View Original Source

UK cryptocurrency scams jump 23%, young investors prime targets: Lloyds Bank Read More »

JPEX scandal: Taiwan determines new suspects in alleged fraud — Report

JPEX scandal: Taiwan determines new suspects in alleged fraud — Report 09/11/2023 at 13:02 By Cointelegraph By Helen Partz Taiwan prosecutors want Chang Tung-ying, chief partner at JPEX’s office in Taiwan, to be held in custody over alleged fraud. This article is an excerpt from Cointelegraph.com News View Original Source

JPEX scandal: Taiwan determines new suspects in alleged fraud — Report Read More »

EtherHiding: Why hackers may prefer Binance’s BNB Smart Chain

EtherHiding: Why hackers may prefer Binance’s BNB Smart Chain 20/10/2023 at 10:04 By Cointelegraph By Martin Young According to cybersecurity analysts at 0xScope and CertiK, threat actors may prefer using BNB Smart Chain contracts because it’s cheaper and seen as having lower security than Ethereum. This article is an excerpt from Cointelegraph.com News View Original

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Legacy authentication leads to growing consumer frustration

Legacy authentication leads to growing consumer frustration 20/10/2023 at 07:31 By Help Net Security Despite widespread usage of passwords lingering on, consumers want to use stronger, more user-friendly alternatives, according to FIDO Alliance. Entering a password manually without any form of additional authentication was the most commonly used authentication method across the use cases tracked

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Tim Draper warns of crypto scams using his AI-synthesized voice

Tim Draper warns of crypto scams using his AI-synthesized voice 20/10/2023 at 02:02 By Cointelegraph By Turner Wright Advancements in AI have made it possible to create deepfake videos and voices in which scammers write the scripts to try and illegally obtain others’ crypto. This article is an excerpt from Cointelegraph.com News View Original Source

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Scammers prefer banking customers over crypto investors in Ireland: Report

Scammers prefer banking customers over crypto investors in Ireland: Report 16/10/2023 at 14:02 By Cointelegraph By Arijit Sarkar To date, Irish authorities managed to recover approximately 4 million euros of the 20 million euros lost in banking scams since January 2023. This article is an excerpt from Cointelegraph.com News View Original Source

Scammers prefer banking customers over crypto investors in Ireland: Report Read More »

EtherHiding: Hackers create novel way to hide malicious code in blockchains

EtherHiding: Hackers create novel way to hide malicious code in blockchains 16/10/2023 at 09:04 By Cointelegraph By Martin Young Threat actors have worked out a way to hide malicious payloads in Binance smart contracts to lure victims into updating their browsers from fake prompts, according to cybersecurity researchers. This article is an excerpt from Cointelegraph.com

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BlackRock seeks court crackdown on 44 copycat sites, some crypto adjacent

BlackRock seeks court crackdown on 44 copycat sites, some crypto adjacent 12/10/2023 at 10:04 By Cointelegraph By Martin Young The world’s largest asset manager wants to take control of a raft of domain names that have been registered to imitate it. This article is an excerpt from Cointelegraph.com News View Original Source

BlackRock seeks court crackdown on 44 copycat sites, some crypto adjacent Read More »

Alameda Research lost $190M to scams and ‘questionable’ blockchains: Whistleblower

Alameda Research lost $190M to scams and ‘questionable’ blockchains: Whistleblower 12/10/2023 at 09:04 By Cointelegraph By Tom Mitchelhill Former Alameda Research engineer Aditya Baradwaj says one trader lost more than $100 million after clicking on a fake link. This article is an excerpt from Cointelegraph.com News View Original Source

Alameda Research lost $190M to scams and ‘questionable’ blockchains: Whistleblower Read More »

$2.7 billion lost to social media scams since 2021

$2.7 billion lost to social media scams since 2021 09/10/2023 at 13:47 By Help Net Security Scams originating on social media have accounted for $2.7 billion in reported losses since 2021, more than any other contact method, according to the Federal Trade Commission. Social media gives scammers an edge in several ways. They can easily

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OpenSea ‘unaware’ of any involvement of former exec in $60M rug pull

OpenSea ‘unaware’ of any involvement of former exec in $60M rug pull 09/10/2023 at 09:02 By Cointelegraph By Tom Mitchelhill A former OpenSea employee has been accused of assisting the infamous AnubisDAO rug pull in 2021; however, some commentators have raised doubts. This article is an excerpt from Cointelegraph.com News View Original Source

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Galxe protocol experiences DNS attack, losses top $150,000 so far and still growing

Galxe protocol experiences DNS attack, losses top $150,000 so far and still growing 06/10/2023 at 21:03 By Cointelegraph By Derek Andersen The Web3 platform’s website has been restored, but the company still warns against using it. The hack may be linked to September’s attack on Balancer. This article is an excerpt from Cointelegraph.com News View

Galxe protocol experiences DNS attack, losses top $150,000 so far and still growing Read More »

Crypto Ponzi scheme AirBit: All but one exec now sentenced

Crypto Ponzi scheme AirBit: All but one exec now sentenced 04/10/2023 at 12:02 By Cointelegraph By Helen Partz AirBit Club co-founder Dos Santos is now the last AirBit defendant not yet sentenced but is scheduled to learn his fate on Oct. 4, 2023. This article is an excerpt from Cointelegraph.com News View Original Source

Crypto Ponzi scheme AirBit: All but one exec now sentenced Read More »

Q3 2023 crowned most ‘damaging’ quarter for crypto amid $700M losses: Report

Q3 2023 crowned most ‘damaging’ quarter for crypto amid $700M losses: Report 02/10/2023 at 13:02 By Cointelegraph By Ezra Reguerra Private keys getting compromised took over $204 million across 14 security incidents in the third quarter of 2023. This article is an excerpt from Cointelegraph.com News View Original Source

Q3 2023 crowned most ‘damaging’ quarter for crypto amid $700M losses: Report Read More »

September becomes the biggest month for crypto exploits in 2023: CertiK

September becomes the biggest month for crypto exploits in 2023: CertiK 02/10/2023 at 10:07 By Cointelegraph By Martin Young The Mixin Network cross-chain protocol accounted for almost two-thirds of the crypto exploit losses in September. This article is an excerpt from Cointelegraph.com News View Original Source

September becomes the biggest month for crypto exploits in 2023: CertiK Read More »

Protecting against FraudGPT, ChatGPT’s evil twin

Protecting against FraudGPT, ChatGPT’s evil twin 02/10/2023 at 07:01 By Help Net Security FraudGPT is the evil counterpart to ChatGPT. Criminals use it to target businesses with phishing emails and scams with speed and accuracy like never before. The AI can be prompted to create the most realistic phishing emails, perfected down to a business’

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Lawyer who laundered $400M from OneCoin scam denied new trial: Report

Lawyer who laundered $400M from OneCoin scam denied new trial: Report 19/09/2023 at 08:03 By Cointelegraph By Tom Mitchelhill A lawyer who laundered $400 million from the OneCoin scam has been denied a new trial despite arguing there were legal mistakes and false testimony in the original trial in 2019. This article is an excerpt

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How should SMBs navigate the phishing minefield?

How should SMBs navigate the phishing minefield? 13/09/2023 at 07:47 By Zeljka Zorz In this Help Net Security interview, Pete Hoff, CISO at Wursta, offers advice to SMB security leaders and professionals on how to minimize the threat phishing presents to their organization’s operations and long-term success. What makes phishing attacks particularly challenging for small

How should SMBs navigate the phishing minefield? Read More »

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