The Wealthiest Companies with the Weakest Passwords – “Do large companies have unbeatable password habits? Think again. NordPass has compiled a list of passwords used by the world’s largest companies across 20 industries and 31 countries to “secure” their business accounts.
Spoiler alert: they’re terrible. Don’t believe us? See for yourself but please, don’t get inspired.”
Top Stories
Arizona: Nigerian man gets more than four years prison for BEC, Romance, fake check, and romance scams; hired people with online jobs and used them to assist the frauds; worked with others in Malaysia, which extradited him to the US
Florida: One man extradited from Spain (Nigerian?) pleads guilty to inheritance scam; sent mail to older victims and told them to pay money for various fees to get their money; six others charged; got $6 million; used former victims as money mules
DOJ arrests founder of BreachForum, worlds largest hacking forum; takes down marketplace
Australia warns of sharp jump in bank impersonation scams; victims get text from the bank phone number, claiming to be security; ask victims to transfer their money to “keep it safe”
Fraud Studies: Here are links to the studies I’ve written for the Better Business Bureau: puppy fraud, romance fraud; BEC fraud, sweepstakes/lottery fraud, tech support fraud, romance fraud money mules, crooked movers, government imposters, online vehicle sale scams, rental fraud, gift cards, free trial offer frauds, job scams, online shopping fraud, and crypto scams
Fraud News Around the world
- Police in Thailand bust telemarketing gang that stole $87 million from older victims; arrest 21
- Wisconsin: Man and woman from Chicago indicted for pyramid scheme that took in millions
- Losses to scam robocalls expected to be up 9% this year, with expected global losses of $58 billion
- Nigeria: EFCC arrests cleric, twin brothers, and 25 others for internet fraud
- Idaho: Five men (Russians?) sentenced to prison for selling counterfeit cell phones and accessories; sold on Amazon and eBay; millions made
- Toronto Police seize $2 million of counterfeit Nike sneakers
- An inside look at a scam call center in India
- Boiler room in Romania offering investments had at least 700 UK victims
- UK Action Fraud warns of increase in scams taking over What’s App accounts
- Nigeria’s EFCC arrests seven for internet scams
- Surge in illegal aliens in the US results in large scale identity theft; steal Social security numbers to get jobs
- ACCC in Australia calls on Facebook to end scam ads selling nonexistent shipping containers
Humor
- Florida man busted for doing 100 mph; said he had to go to Taco Bell
- Man stopped by police for car theft told them his name was “dog” and would only bark at them
- California man who had been arrested ten times in one month busted again when he drove a stolen car to the police station to pick up his personal property
FTC and CFPB
- CFPB resolves case with repeat debt collection offender Portfolio Management; company must pay $24 million in penalties and restitution
- FTC settles cases against companies that made calls offering extended car warranties; to be banned from warranty business and from making calls
Virus Benefit Theft
- Texas man pleads guilty to PPP fraud; got $4 million
- Kentucky: Woman pleads guilty to PPP fraud: got $1.3 million
- Missouri: Former employee for state unemployment office pleads guilty to granting unearned unemployment benefits
- Los Angeles: Final two, of eight, plead guilty to theft of unemployment benefits: got $2.1 million
Social media
Business Email compromise fraud
- FBI reports that BEC scammers are now impersonating companies to order physical goods shipped from vendors such as computer equipment, construction equipment, and agriculture products
- New Jersey: Woman who acted as a money mule for BEC scams, and recruited others to do so, gets two years prison
Ransomware
- Takes down systems of Australia’s Latitude
- Hits City of Oak Ridge, Tennessee
- Attacks up 45% in February; Lockbit caused jump
Data Breaches
Bitcoin and cryptocurrency
- CEO of Titanium blockchain gets over four years prison; fake initial coin offering took in $21 million
- Canada’s “crypto king” kidnapped, tortured, and ransomed after he bilked investors out of $25 million
- SEC sues crypto trading platform Beaxy for not registering as a security
Romance Fraud and Sextortion
- Keanu Reeves does video warning about deepfake romance scams impersonating him and others; done by Canadian bank
- West Virginia: Man from Ghana gets two years prison for romance fraud; also must pay restitution
- Romance scammers now using Artificial intelligence and ChatGPT to communicate with victims
- Boston: Man (Nigerian?) get 54 months prison for laundering $8 million from victims of romance fraud
- Nigeria: Man pleads guilty to romance fraud