The Regional Trial Court in Makati ordered the forfeiture of cash in the amount of ¢189 million, which was seized in a 2023 raid at a cyber scam hub in Mabalacat, Pampanga. This ruling is in favor of the Philippine government and comes after significant legal action stemming from the large-scale operation; the court ruling…
In what seems to be a newly reported development, cybercriminals have stooped as low as using ordinary postal mail to defraud users of cryptocurrency by sending fake letters to owners of Ledger hardware wallets. These letters, in an attempt to impersonate a critical update, instruct and mislead recipients to confirm their private seed phrases, pretending…
A warning has been issued concerning the information available to Canadians and the upcoming election. In an interview with The Guardian, the Executive Director of the Media Ecosystem Observatory, Aengus Bridgman, lashed out at what he termed a “dramatic surge of fake political content” sweeping social media. This surge in misleading content is becoming a…
Contagious Interview, the spine-chilling name given to a North Korean hacker group’s chilling scheme, has jaw-dropping fake crypto companies, job scams, and malicious software that assumes uncontrollable remote access on target machines. This complex operation, thought to be part of the infamous Lazarus Group’s work, now has other motives down the bucket, like gaining sensitive…
As is true with any new innovation, the cryptocurrency market has its advantages and also comes with some deep-rooted context as it contributes to internet-based scams hopping over to the latest ventures in online fraud. These create havoc in society by financially robbing countless people. The United States is no exception. Cryptocurrencies are becoming popular…
On Tuesday, a UK Cabinet minister’s official X account was hacked and promoting a cryptocurrency scam. The issue demonstrates the growing level of concern surrounding the hacking of social media platforms and the monetization of breaches of such accounts. The Fake Coin: Aggressive Marketing of a Non-existent Product Ms. Lucy Powell, the Leader of the…
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