Monday, August 21, 2023

UK: Man (Nigerian?) gets seven months prison for impersonating a police officer claiming that he needed victim money to help catch fraudsters


‘Don’t You Remember Me?’ The Crypto Hell on the Other Side of a Spam Text Bloomberg

Top Stories


Interpol effort against Black Axe and other African gangs results on 103 arrests; froze over €2 million; action in 21 countries

HBO to air show by whistleblowers who worked at telemarketing fraud room claiming to raise money for bogus charities

India: Call center busted that targeted US victims; advertised loans but required fees in advance and payment by gift cards; 18 arrested
 
Ways to approach fraud There are a very limited number of ways to address mass marketing fraud, and the different tactics ought to be complementary.  It would be useful to determine what “mix” works best with each type of fraud. These are:
  •  Ignore it and blame victims for being dumb;
  •  Enforcement, including international criminal cases that put people in jail;
  • Consumer education; and
  • Disruption, such as shutting down web pages and the money pathways scammers use to collect funds from victims

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 worldHumor                                                                               FTC and CFPB  Virus Benefit Theft Business Email compromise fraud RansomwareData Breaches 
 
Bitcoin and cryptocurrencyATM SkimmingJamaica and Lottery FraudRomance Fraud and Sextortion