Almost five million people had money stolen from their bank or credit card account last year, at a cost of around £840 each, according to shocking new figures. More than £2bn has been snatched from about one in 10 British adults, new data from Compare the Market has revealed, and online payments are the weakest
Card and account fraud jumps almost 40% in a year Read More »
A bitcoin investor is suing AT&T for $240m after it allegedly ported his phone number to a hacker, allowing the criminal to steal $24m in cryptocurrency. Michael Terpin is suing the phone giant [PDF] for the value of the three million electronic coins plus $216m in punitive damages after he claims an AT&T employee at a store
Bitcoin backer sues AT&T for $240m over stolen cryptocurrency Read More »
Some Nigerians using mobile money transfer service have fallen victims to a recent scam involving mysterious swapping of SIM cards. SIM swapping is a sophisticated form of fraud and falls under social engineering. Fraudsters will distribute phishing emails, trying to ascertain as much personal information from victims as possible. After swapping sim cards, fraudsters then
Tips against SIM Swap Scammers as Nigerians Lose Billions Read More »
PORTLAND, Ore. (AP) – A Nigerian man who netted more than $11 million in a fraud scheme has been sentenced in Oregon to 15 years in federal prison. Emmanuel Kazeem was sentenced Wednesday in Eugene. A jury previously convicted him of fraud, conspiracy and aggravated identity theft. Prosecutors say the 35-year-old purchased more than 91,000 identities from
Nigerian man gets 15 years for IRS tax-return scheme Read More »
