Common tax scams to avoid

Tax season is an ideal season for scammers. People are stressed-out and intimidated by the prospect of filing taxes. As a result, they may be more vulnerable to deception, including scammers’ efforts to obtain their valuable personal information, pursue refunds in a taxpayer’s name, and trick them into paying for fraudulent tax services. The end … Read more

Gen AI financial scams are getting very good at duping work email

More than one in four companies now ban their employees from using generative AI. But that does little to protect against criminals who use it to trick employees into sharing sensitive information or pay fraudulent invoices. Armed with ChatGPT or its dark web equivalent, FraudGPT, criminals can easily create realistic videos of profit and loss … Read more

The crypto scams are getting better — is YouTube prepared?

The video is almost convincing: it features Solana co-founder Anatoly Yakovenko announcing a “historic day” for Solana. He thanks the “S-O-L” community and offers a giveaway through a QR code and a website. Sure, he sounds a little robotic — his voice is a monotone, unusual for him — and he hardly makes eye contact with … Read more

2023 Black Friday: Here’s How to Avoid This Year’s Elaborate Scams

Black Friday arrives the day after Thanksgiving. This year that means it falls on Nov. 24. It’ll be a day filled with deals on items like headphones and air fryers, but with all the potential money flowing from customers to stores, cybercriminals will be looking to get their hands on some of it. Scammers work year … Read more

Cambodia deports 25 Japanese nationals suspected of operating online scams

PHNOM PENH, Cambodia — Twenty-five Japanese nationals suspected of involvement in a cyberscam operation based in Cambodia were deported to Japan on Wednesday, said Gen. Khieu Sopheak, a spokesperson for Cambodia’s Interior Ministry. The Japanese government arranged a charter flight to transport the suspects, who were detained in September after Cambodian police received a tip-off … Read more

Singapore wants banks and telcos to bear losses if found negligent in phishing scams

magann/Getty Images Singapore has laid out a framework detailing parties that should be held responsible for phishing scams, with banks and telcos taking on accountability for the first line of defense.  Regulators for the financial services and ICT sectors this week released a joint consultation paper with a proposed shared responsibility framework that will kick … Read more

Amazon, Microsoft, and India crack down on tech support scams

Amazon, Microsoft, and India’s Central Bureau of Investigation (CBI), the country’s federal enforcement agency, have announced a major crackdown on tech support fraud. The CBI’s post details two instances where scammers pretended they were customer support agents for two “well-known multi-national companies” (Amazon and Microsoft) through pop-ups that “falsely appeared to be security alerts” from … Read more