Monday, March 27, 2023

Australia: Man charged with BEC fraud; got $709,000

 Watch out! Scammers are already taking advantage of the collapse of Silicon Valley Bank to register deceptive domain names and to send texts and phishing emails


FBI’s Internet Crime Complaint Center 2022 fraud report
  • Losses reported more than doubled since 2020; $4.2 billion in 2020, $10.3 billion in 2022
  • BEC scams increasingly asking for crypto as payment
  • Investment frauds were top source of complaints; losses to that more than doubled from $1.4 billion in 2021 to $3.31 billion
  • Tech support and government impersonation both up sharply
  • Largest number of complaints from victims 30-39, though 60+ lost more money
  • ID theft, lottery fraud, counterfeit goods down somewhat
  • Phishing complaints were number 1 complaint topic
  • State by state breakdowns here
US and German authorities take down infrastructure of darkweb crypto money laundering mixer ChipMixer; had laundered €2.73 billion
France 24 TV:  Mafia Africa:  A dive into organized crime in France
Review and recommendation:  Triumph Regained: The Viet Nam war 1965-1968, by Mark Moyar.  This is the second volume of a planned trilogy on the history of the war.  The author had access to many documents from North Korea, and challenges many common assertions about the war, such as that the risk of China getting directly involved and that the Viet Cong were a separate group than the North Vietnamese.  And the Tet Offensive was a disastrous military defeat for the North Vietnamese. Well worth a read

Fraud Studies: Here are links to the studies I’ve written for the Better Business Bureau: puppy fraudromance fraud; BEC fraudsweepstakes/lottery fraud,  tech support fraudromance fraud money mulescrooked movers, government impostersonline vehicle sale scamsrental fraud, gift cards,  free trial offer frauds,  job scams,  online shopping fraud, and crypto scams
Fraud News Around the worldHumor                                                                              FTC and CFPB  Virus Benefit Theft Social mediaBusiness Email compromise fraud IRS and tax fraudRansomwareData Breaches Bitcoin and cryptocurrencyRomance Fraud and Sextortion