Get the scoop on finance - sign up for mobile alerts

Scams, Hacks & Breaches

‘Comrades in Crime’ – New Research Shows Russian-Speaking Actors Account for Most Ransomware Crypto Attacks

New research from TRM Labs shows that Russian-speaking actors play the largest role in most crypto-related cybercrimes. According to a…

August 2, 2024

JPMorgan Chase and Wells Fargo Reimburse 4% or Less of All Scams Reported by Customers on Billion-Dollar Payments Network: Report

JPMorgan Chase and Wells Fargo are refusing to reimburse the vast majority of customers who send their money to scammers,…

August 2, 2024

Manhattan District Attorney Charges Man Who Allegedly Used Fake Crypto Recovery Business To Steal From Customers

A man who operated a purported crypto asset recovery business has been arrested and is now facing criminal charges for…

August 2, 2024

New Bank Scam Boosts Account Balances, Tempts Targets Into Giving Their Money Away: FTC Warning

A new scam is hitting US bank accounts by starting with an unusual target – people's photos on social media.…

August 2, 2024

Hong Kong Police Arrest Four for Allegedly Using Fake Banknotes To Swindle $1,400,000 in Crypto: Report

Authorities in Hong Kong have arrested four people for allegedly defrauding victims out of cryptocurrency worth approximately $1.4 million using…

July 30, 2024

$2,393,288 Drained From Customers’ Bank Accounts As Insider Falsifies Records, Transfers Funds to Herself and Family: US Department of Justice

A US banker has admitted to stealing millions of dollars from customers' accounts in a 15 year-long scheme. The U.S.…

July 28, 2024

7,640,112 Customers Hit By Massive Bank Breach – Exposing Names, Social Security Numbers, Locations and Bank Account Numbers

A US bank says more than seven million people are affected by a major hack and data breach that's impacting…

July 27, 2024

JPMorgan Chase, Wells Fargo and Bank of America Refuse To Reimburse $880,000,000 To Customers, Accused of ‘Repeated, Relentless Failure’ To Protect Victims of Fraud: Report

A US Senate investigation is shedding light on just how often America's big banks refuse to reimburse victims of fraud.…

July 26, 2024

‘Crypto King’ Allegedly Behind $30,000,000 Fraud Likely To Remain Bankrupt Until Resolution of Criminal Charges: Report

A Canadian judge has reportedly dismissed an application to discharge the alleged crypto fraudster Aiden Pleterski from bankruptcy until criminal…

July 23, 2024

Indian Crypto Exchange WazirX Increases Bounty for White Hat Hackers to $23,000,000

India-based crypto exchange WazirX is increasing a reward offer in hopes of recovering the $230 million that hackers stole from…

July 23, 2024