Some companies pretend to provide mining services using a bitcoin mining cloud. They take your money but never mine any bitcoin for you. People often fall for the scam because they want to get their hands on the bitcoin cryptocurrency, and while there are legitimate services out there, some are fraudulent.
Category: Cyber Crime
Beware Of Malicious PDF Files That Mimic As Microsoft 2FA Security Update
Phishing attacks are evolving to use QR codes to trick users into entering their credentials on malicious websites, which can be designed to look like legitimate login pages and may even prefill the username field to increase believability.
Crypto Ponzi Scheme Busted: US Court Orders Hedge Fund Owner To Pay $84 Million
The court order details how, instead of generating returns through investments, Ikkurty used funds from new investors to pay out promised returns to earlier participants. This practice, known as a Ponzi scheme, is inherently unsustainable and ultimately leads to the collapse of the scheme when new investors dry up.
Cryptocurrency Scams: How to Spot, Report, and Avoid Them
Platforms market to retail buyers and investors to get them to contribute upfront capital to secure an ongoing stream of mining power and rewards. These platforms don’t own the hash rate they claim to and don’t deliver the rewards after receiving your down payment. While cloud mining isn’t always a scam, to keep your money, you must conduct rigorous due diligence on the platform before investing.
Crypto scammers stole nearly $60m from 20 victims in H1 2024, data shows
Victims are often lured through phishing comments from impersonated accounts on X. Once on the phishing site, they are tricked into making seemingly legitimate transactions from their non-custodial wallets, resulting in unauthorized fund access.
RockYou2024: 10 billion passwords leaked in the largest compilation of all time | Cybernews
“In its essence, the RockYou2024 leak is a compilation of real-world passwords used by individuals all over the world. Revealing that many passwords for threat actors substantially heightens the risk of credential stuffing attacks,” researchers said.
Types of Cyber Crime: A Guide to Prevention & Impact
From individual cybercriminals to organized groups, cyber crime has become a social epidemic that knows no borders. Cyber criminals use psychological manipulation, phishing, and malware to exploit individuals and organizations, causing financial losses and disrupting business operations.
Hackers Using Weaponized Docs In QR Code Phishing Attacks
Threat actors embed malicious QR codes in emails, documents, and public places, using them to mask destinations.
The biggest data breaches in 2024: 1B stolen records and rising | TechCrunch
These breaches not only affect the individuals whose data was irretrievably exposed, but also embolden the criminals who profit from their malicious cyberattacks.