Explore articles about online fraud schemes, including scam tactics, fraudulent websites, payment fraud, and social engineering attacks. Learn how to recognize warning signs, protect your finances, and report fraudulent activity before it causes lasting damage.
posts
A Single Fraud Ring Stole $6 Million Before Anyone Noticed In 2023, the FBI's IC3 received over 880,000 cybercrime complaints with losses exceeding $12.5 billion — a 22% increase from the prior year. A growing share of those losses came from coordinated fraud operations, not lone hackers
In January 2024, a finance employee at the multinational firm Arup wired $25 million to criminals after a deepfake video call featuring what appeared to be the company's CFO and several colleagues. Every person on that call was fake — AI-generated avatars operated by an organized fraud ring. That
In January 2024, a finance worker at a multinational firm in Hong Kong transferred $25.6 million to criminals after a video call with what appeared to be the company's CFO and several colleagues. Every person on that call was a deepfake. The entire operation was coordinated by
A Single Phishing Email Led to a $100 Million Heist Between 2013 and 2015, a Lithuanian man orchestrated one of the most audacious cases of group online svindel ever documented. Evaldas Rimasauskas and his associates impersonated a legitimate Asian hardware manufacturer and tricked both Google and Facebook into wiring over
That Login Page Isn't Real — And Your Employees Can't Tell In March 2022, the FBI warned that cybercriminals were registering domains impersonating well-known businesses at an alarming rate. The scam is straightforward: build a fake identity website that mirrors a legitimate login page, blast phishing emails
A $12 Billion Problem You Can't Ignore In June 2021, Europol dismantled a massive fraud network spanning dozens of countries. The ring had siphoned millions from victims through coordinated romance scams, investment fraud, and business email compromise. This wasn't a lone hacker in a basement. It
In 2023, the FBI's Internet Crime Complaint Center (IC3) reported over $12.5 billion in losses from internet crime — a staggering 22% increase from the year before. Behind many of these losses weren't lone hackers in basements. They were organized groups running coordinated group online svindel
A Single Fake Identity Website Took Down a $200M Company's Reputation In 2023, the FBI's IC3 received over 880,000 complaints with potential losses exceeding $12.5 billion — and identity-related fraud was the single fastest-growing category. A huge chunk of that fraud starts at a fake
