Thursday, December 18, 2025

FinCEN releases new report on ransomware; $2.1 billion paid in ransom from 2022-2024

U.S. Government seized “approximately 17 phones” from former DEA official charged with narcoterrorism and money laundering All-Source Intelligence


An in depth look at text message unpaid highway toll scams; WSJ Video (4.42); 1 billion lost over last three years to Chinese gangs; they get credit card numbers and use US helpers to buy goods, sometimes ship to China
 
Is the term “scam” helpful?  We often use the term scam as a synonym for fraud.  “Fraud,” is, of course, a legal term for criminal activity.  The authors of a new article suggestthat for several reasons use of the term scam is inapposite. They contend that use of the term “scam” downplays the seriousness of the conduct, and can suggest that it is somewhat the fault of the victim.  A thoughtful piece
 
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 worldHumorFTC and CFPBBenefit Theft Scam Compounds Business Email compromise fraud Bitcoin and Crypto FraudRansomware and data breachesATM Skimming                                                       Romance Fraud and Sextortion