Wednesday, April 03, 2024

How scammers use SIM swapping to take over your phone

 AT&T says personal data from 73 million accounts leaked on dark web Business Standard
 

Los Angeles: Local man and two Chinese men sentenced to 15, 10 and 8 years for laundering gift cards from phone fraud victims; handled over 5000 cards that were liquidated at Target stores
 
Biden administration announces “strike force on unfair and illegal” prices to be headed by FTC and DOJ antitrust division; to focus on prices of drugs, housing, food, and financial services
 
DOJ indicts seven hackers from the Chinese government; targeted journalists, politicians and companies perceived as critics of Chin
 
Crypto romance ALERT.  We really need to increase education on this one.  I think it is now the most common fraud in the world.  Losses to this fraud last year were more than those from all frauds together just four or five years ago.  IC3 reported $4 billion lost to romance fraud; it had total losses for all frauds of $3.5 billion in 2019.

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 fraud and crypto scams
 
Fraud News Around the worldHumor FTC and CFPBArtificial Intelligence and deep fake fraudVirus Benefit Theft Kidnapping and forced to scamBusiness Email compromise fraud Ransomware and data breachesATM SkimmingRomance Fraud and Sextortion