Gary Warner Online investment scams have been with us for decades in the form of “too good to be true” investment promises that were often called “HYIP” or High-Yield Investment Programs. While the scammers promise impossible returns on investment, the scams often involve a Ponzi-scheme component, where small investments are paid in hopes of attracting…
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Alyssa Brame Elder fraud, also known as elder abuse, is a crime that is on the rise, with 2021 losses increasing by 74% over 2021 to $1.7 Billion, according to the IC3 Elder Fraud report. The impact of elder fraud can be devastating to a victim. Oftentimes, the scammer uses a ploy that involves urgency…
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Maria Harika Who doesn’t love a good sporting or concert event? You go online to purchase tickets, but things do not go as planned and rather than watching your favorite team score some goals, a cybercriminal scores them instead. Now, consumers can buy an event ticket via phone through social media, event websites, second hand…
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Liv Lake When things go awry with your home PC or printer, people often turn to support hotlines, online forms, and various other modes of communication to share their issues with tech support companies in hopes of getting them resolved quickly. According to data from Zippia – The Career Expert, there are over 245,335 technical…
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James Hubner Gary Warner Payment Diversion Fraud is a type of fraud where criminals target an individual to divert payments to criminal-controlled bank accounts. This is typically accomplished through Business Email Compromise (BEC) which targets companies via their email communications in order to obtain financial gain or company information. Phishing emails related to BEC scams…
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Robin J. Pugh Online Shopping continues to be a fast-growing sector for retailers across the globe. In the US, sales during the period known as Cyber Week or Cyber 5 – the period from Thanksgiving through Cyber Monday – reached $35.3 billion in revenue, which exceeded projections by almost $500 million, according to digital research…
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Clarence Tillery & Gary Warner The phone rings. You pick it up and see that it’s a number closely resembling yours. Maybe even so close that you mistake it for a family member. Good thing you answered it because they’ve been trying to reach you about your car’s extended warranty. Unwanted nuisance, sales and fraudulent…
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Gary Warner & Cameron Stirner “Pet fraud” refers to internet scammers capitalizing on people using online resources to shop for a pet. The scammers will use advertisements that are often too good to be true to attract potential buyers. Once a victim has been lured into purchasing a pet from a fraudulent vendor, the fraudster…
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An increasingly prevalent trend being used by fraud actors operating from Indian Call Centers is to send emails claiming that a charge is about to be debited from your account and that to stop the charge, a telephone number should be called. We’ve seen these recently imitating Amazon, Paypal, and Geek Squad. Today at 2:09…
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Hurricane Ian Leads to Predictable FEMA Fraud Threat Actors (TAs) are ready to take advantage of vulnerabilities as disasters strike and populations become more susceptible to potential fraud. A wave of actors was ready to take advantage of the FEMA disaster assistance program that was released 28SEP2022 after Hurricane Ian hit Florida. Not only have…
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