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In 2023, consumers reported $114 million in losses from scams involving BTMs — a nearly 900% increase over the preceding three years, the FTC said Tuesday in a report. Losses through June of ...
The shift from cash to digital payments -- credit cards and debit cards, mobile payment apps and digital wallets -- has taken the world by storm. According to a report by McKinsey & Company, more...
The FTC said reported losses from Bitcoin ATM fraud topped $110 million last year, as scammers lure victims to send them large sums through the crypto kiosks.
The scam involves sending PayPal account holders a notification email claiming that PayPal has "temporarily suspended" their account. Instead of linking to PayPal.com, the site references in the email link to a convincing duplicate of the site at paypai.com, in the hope that the user will enter their PayPal login details, which the owner of ...
A pig butchering scam (in Chinese sha zhu pan [2] or shazhupan, [3] (Chinese: ĉçŞç), translated as killing pig game) [1] is a type of long-term scam and investment fraud in which the victim is gradually lured into making increasing contributions, usually in the form of cryptocurrency, to a fraudulent cryptocurrency scheme.
An exit scam is a confidence trick, con job or fraud, perpetuated under the guise of a legitimate business, that ends when the originator absconds with the funds contributed by participants. [1] When a business entity pulls the rug and stops shipping orders while receiving payment for new orders, it could take some time before it is widely ...
• Fake email addresses - Malicious actors sometimes send from email addresses made to look like an official email address but in fact is missing a letter(s), misspelled, replaces a letter with a lookalike number (e.g. “O” and “0”), or originates from free email services that would not be used for official communications.
The 67-year-old Cussewago Township woman contacted state police Monday at 6:13 p.m. claiming she had been told by an unidentified person to purchase more than $22,000 worth of Bitcoin.