The fraudsters behind the often laughable Nigerian prince email scams have long since branched out into far more serious and lucrative forms of fraud, including account takeovers, phishing, dating scams, and malware deployment. Combating such a multifarious menace can seem daunting, but in truth it calls for concerted efforts to tackle the problem from many different angles. This post examines the work of a large, private group of volunteers dedicated to doing just that.
Online extortion, tech support scams and phishing attacks that spoof the boss were among the most costly cyber scams reported by consumers and businesses last year, according to new figures from the FBI’s Internet Crime Complaint Center (IC3).
The IC3 report released Thursday correctly identifies some of the most prevalent and insidious forms of cybercrimes today, but the total financial losses tied to each crime type also underscore how infrequently victims actually report such crimes to law enforcement.
It’s time once again to update my Value of a Hacked Email Account graphic: According to a recent alert from the FBI, cyber thieves stole nearly $215 million from businesses in the last 14 months using a scam that starts when business… Read More »
The same miscreants responsible for breaking into the networks of America’s top consumer and business data brokers appear to have also infiltrated and stolen huge amounts of data from the National White Collar Crime Center (NW3C), a congressionally-funded non-profit organization that provides training, investigative support and research to agencies and entities involved in the prevention, investigation and prosecution of cybercrime.
As if emergency responders weren’t already overloaded: Increasingly, extortionists are launching debilitating attacks designed to overwhelm the telephone networks of emergency communications centers and personnel, according to a confidential alert jointly issued by the Department of Homeland Security and the FBI.
The Federal Bureau of Investigation warned this week that cyber thieves have stolen approximately $20 million over the past year from small to mid-sized businesses, through a series of fraudulent wire transfers sent to Chinese economic and trade companies located near the country’s border with Russia.
The FBI said that between March 2010 and April 2011, it identified twenty incidents in which small to mid-sized organizations had fraudulent wire transfers to China, and that the total losses from the fraud was about $11 million. The alert was sent out Tuesday, in cooperation with the Internet Crime Complaint Center and the Financial Services Information Sharing and Analysis Center (FS-ISAC), an industry consortium.