ROMANCE SCAMMERS
US cyber crimes: Overseas scammers are swiping billions from Americans every year, and getting away with it
Scammers are stealing billions from Americans yearly, exploiting technology and targeting older adults. Sophisticated fraud schemes overwhelm law enforcement and rarely lead to prosecution. With elder fraud complaints rising, experts call for coordinated efforts from private industries and the government to combat this escalating crime wave effectively.
Indian software professional in US loses her Rs 4 crore savings to 'fake love'. What is 'pig butchering' scam?
The "pig butchering" scam ensnared Shreya Datta, a tech professional from Philadelphia, in a devastating cryptocurrency romance fraud, resulting in a loss of $450,000 (approximately Rs 4 crore) and substantial debt. This sophisticated scheme utilized deepfake videos and advanced scripting, leaving Datta feeling emotionally violated. Operating by gaining victims' trust through false affection, similar to fattening hogs before slaughter, the scam often lures individuals into investing in fake schemes.
Love Not Actually: 39% of Indians fall prey to cat fishers & scamsters online
39% of Indians saying their conversations with a potential love interest online turned out to be with a scammer!
When Mr. Right turns into Mr. Hyde: 43% of Indians have fallen prey to romantic scams online!
Powered by AI and deepfake, many fraudsters have channelised cutting-edge technology to scam vulnerable people, desperate to meet their soulmate online.
Swipe left! AI-generated bots proliferate online dating space
Cybersecurity firm McAfee has found in a survey that 77% of Indians have come across fake profiles and photos generated using AI tools created to commit romance scams and catfishing. 39% of Indians said their conversations with a potential love interest online turned out to be with a scammer.
China crackdown on cyber scams in Southeast Asia nets thousands but leaves networks intact
Tens of thousands of people, mostly but not all Chinese, have become ensnared in cyber scam networks run by powerful Chinese criminal syndicates in Southeast Asia.
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The intricate web of crypto scams: An advisory
Crypto jacking, the unauthorized use of individuals' computing resources for Crypto mining, saw a global surge, surpassing 300 million incidents by June 2023, as reported by Sonicwall.com. Although less prevalent in India, it remains a concerning issue.
Stranger Things! Woman in US divorces husband, duped of $10,000 after she fell in love with hit Netflix series 'actor'
A woman was duped of $10,000 after she got into an online romantic relationship with an imposter who posed as "Stranger Things" actor.
Are you digitally secure? Answer these 10 questions to find out how vulnerable you are to being conned
Increasing access to technology has also led to a rise in cybercrimes. Find out how savvy you are about digital security.
How long — or, what — will it take for govt to ban, or stringently regulate, cryptos?
The RBI has been crying itself hoarse over these issues for some time, and now favours an outright cryptocurrency ban over the most stringent regulation. The regulator initially forbade local banks from dealing with cryptocurrency exchanges in 2018. But its circular was struck down by the Supreme Court in 2020 on the grounds of ‘disproportionality’.
Psychological tools fraudsters use to trap you
The psychological trickery in some financial scams is worth making a movie. Know what emotionally triggers some into losing their hard-earned money.
Beware of online dating! Romance scams hits all-time high as fraudsters swindle millions in the name of 'virtual' love
In the US, romance scams in 2021 increased by nearly 80 percent.
Crypto scammers' new target: Dating apps
Romance scams - the term for online scams that involve feigning romantic interest to gain a victim's trust - have increased in the pandemic. So have crypto prices. That has made crypto a useful entry point for criminals looking to part victims from their savings.
Beware of fun games about first celeb crush! You may be the next victim of Covid online fraud
It may appear harmless, but you are giving away your passwords or answers to security questions.
Qshing, cyber long cons on the rise: Watch out for incorrect spellings in email IDs, fake social media handles of friends seeking monetary help
The golden rule of scam detection is this: If it sounds too good to be true, it probably is.
Over 50% Indians fell prey to discount scams. Tips to stay safe this holiday season
A new trend that hit unsavvy consumers hard this festive season was through phony gift cards.
How fraudsters use psychological tricks to dupe people online
Success of online scams does not depend only on technology. Scams work because of our several emotional vulnerabilities and behavioral limitations.
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