Wednesday, March 20, 2024

FBI’s Internet Crime Complaint Center releases data for 2023

 Exclusive: Musk’s SpaceX is building spy satellite network for US intelligence agency, sources sayReuters




So instead of apologising to the CSIRO for trying to discredit their work, Opposition leader Peter Dutton strolls around in a white coat hoping Australians will somehow see him as smarter than the scientists? Is this guy insane? #DuttonThug

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The International Criminal Police Organisation (INTERPOL) has named Nigerian cult groups Black Axe, Airlords and Supreme Eiye as prominent organised crime groups using human trafficking victims to carry out ‘pig butchering’ scams.

INTERPOL published findings of its latest assessment of global financial fraud on Monday.

According to INTERPOL’s new assessment, these crime groups have upped their use of technology to better target victims around the world.

“Business Email Compromise remains one of the most prevalent trends in Africa; however, there is increasing use of the pig butchering fraud. Cases of this fraud type have been identified in West and Southern Africa, targeting victims in other jurisdictions beyond the continent,” INTERPOL stated on Monday.

“Certain West African criminal groups, including the Black Axe, Airlords and Supreme Eiye, continue to grow transnationally, and are known to have extensive skills in online financial fraud such as romance fraud, investment fraud, advance fee fraud, and cryptocurrency fraud.”

READ MORE: How Black Axe Laundered €1.3 Million Using Irish Teens

WHAT IS PIG BUTCHERING?

Top tech website WIRED added “Pig Butchering Scam” to its hacker lexicon in 2023.

 
FBI’s Internet Crime Complaint Center releases data for 2023
  • Reported losses in 2019 were $3.5 billion; 2023 $12.5 billion
  • Crypto romance fraud was $4 billion
  • Tech support fraud up significantly
  • $60 million paid to ransomware
  • Job and government impersonation also big jumps
Interpol ties Nigerian scam gangs Black Axe, Airlords and Supreme Eiye to kidnappings to work at scam call centers and widespread crypto romance frauds

Australia’s scam call center issues quarterly report
Investment fraud (crypto romance) drops 38%

Joseph Epstein in the WSJ: All scam callers get from me is a little taste of Gershwin
 
Need an expert witness for consumer protection or fraud issues?  Let me know.
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,  fake check fraudand crypto scams
 
Fraud News Around the world
Humor FTC and CFPBVirus Benefit Theft Business Email compromise fraud Ransomware and data breachesBitcoin and cryptocurrencyATM SkimmingRomance Fraud and Sextortion