Global Crackdown Arrests 276, Shuts 9 Crypto Scam Centers, Seizes $701M

A coordinated international operation involving U.S. and Chinese authorities has arrested at least 276 suspects and shut down nine scam centers used for cryptocurrency investment fraud schemes targeting Americans, resulting in millions of dollars in losses. The crackdown was led by the Dubai...

Investment fraud overtakes business email compromise as most reported fraud

The Federal Bureau of Investigation FBI has published its 2022 Internet Crime Report. One of the most notable points is that investment fraud has now overtaken business email compromise BEC as the most reported and most damaging type of fraud. The numbers are based on the complaints reported to t...