Living In Hell – Scammer Post A Plea For Help
A man trafficked into various scam operations in Cambodia has posted a plea for help, describing his conditions as “Living in Hell”. The message, which was posted in a Telegram Bounty channel called Southeast Asia Reward Wanted, includes a disturbing video of him being beaten and a plea to his old scam bosses to let […]
Voice Changers Used By Scammers Work Scarily Good
Yahoo Boi always post interesting videos on his Youtube channel. The videos which are listed as “For Educational Purposes Only, provide a glimpse into the technology and methods that Nigerian romance scammers are using to con their victims. In this video, Yahoo Boi demonstrates how voice changers can be used by scammers to fool their […]
Tiny Bank Sues Navy Fed For Poor Fraud Controls
Tiny Buckholts State Bank has filed a class action lawsuit against Navy Federal Credit Union for systematic failures in fraud prevention saying that is is costing banks across the nation millions of dollars. The lawsuit which was filed in Texas is bringing to light what many small banks have complained about for years: the lax […]
Famous Actors Being Trafficked Into Pig Butchering
A famous Chinese actor in pursuit of a role in an international film ended up in a harrowing nightmare situation. According to the SCMP, Chinese actor, Wang Xing who went missing near the Thailand-Myanmar border has confirmed he was a victim of human trafficking following his rescue from a scam compound. And Wang Xing is […]
A Big Collapse Of Trust: Our Fraud Predictions For 2025
It was one for the history books. As expected, 2024 was “Fraud At Full Throttle” as fraudsters upped their attacks. But it was the breakneck speed of everchanging scams that surprised us most. Just when we thought they could not get worse, they did. And when we felt that AI deepfakes were years away, they […]
Binance Scam Interdiction Saved Over $130M Last Year
A Binance blog post is shedding light on how their anti-scam team helped stopped over $130 million from being stolen from their customers. The report highlights their “2024 Anti-Scam Refund Initiative” which uses the classic Prevention, Detection and Recovery approach most banks fraud programs use. But it’s their novel 24 Hour Safety Net that I […]
CPN Wizard Is A Synthetic Identity Creating Robot
It’s only a matter of time before someone figures out how to mass-produce synthetic identities using CPNs. When that happens, we could see significant increases in fraud. CPN stands for Credit Privacy Number, which is a clever way to encourage people to use stolen social security numbers to create fake profiles. Credit Wizard Automates The […]
Return Fraud Hits Record High As Retailers Struggle
Merchants are struggling to keep up with the influx of return fraud. A new report released by Deloitte and Appriss suggest that fraudulent and abusive returns have hit a staggering $103 billion for 2024 which equates to about 15% of all customer refunds. The unprecented level of fraud has merchants trying to figure out better […]
Fake Mobile Bank App Is Helping People Defraud Lenders
Imagine if you made $1 million dollars a year. You could probably finance any car you want if you could show your bank balance to the lender. Well thanks to new app its now possible, even if you only make $10 a year. Auto lenders and car dealerships are the primary targets of these new […]
AI Extortion Fraud Could Be Executives Nightmare
You’re the CEO of a major company. One day, you receive an email with a video showing you in a compromising situation that the sender says they will share with your board, shareholders, and family. The video is a deepfake, but even you think it looks real. What would you do? This nightmare scenario is […]
New Sneaky ATM Card Swap Scam Hits Old People
Imagine going to an ATM to get $40 for lunch and realizing your bank account had been drained for thousands of dollars after you left the machine. According to fraud investigators from major banks, this new devious scam is affecting hundreds of older customers in California, Florida, and Massachusetts. The scheme is so tricky, that […]
Fraudster Vacation – Fraud Plunges On Black Friday
In an unexpected twist, fraud rates during the busiest week of the year have plunged over 30% compared to last year. According to fresh data from TransUnion, only 4.6% of global e-commerce transactions were flagged as suspicious during the “Cyber Five” period – the critical shopping days from Thanksgiving through Cyber Monday. This marks a […]
Crazy AI Video Shows How Scammers Use Chatbots
Yahoo Boi, a Nigerian Yahoo Boy Influencer, posted a crazy video showing how romance scammers use artificial intelligence chatbots to scam their victims. Watch the video below, which shows how realistic these calls are. Anyone, and I mean anyone, could get fooled by this! The only thing that seems off is that the Chatbot keeps […]
Digital Arrest Could Become Next Big US Scam Wave
For Dr. Ruchika Tandon, a respected neurologist at one of India’s top hospitals, August 2024 began like any other month. But a single phone call one morning plunged her into what would become a surreal week-long nightmare of psychological manipulation, coercion, and covert surveillance. Scammers, posing as “Federal Investigators,” fabricated a digital arrest of Tandon […]
Scammers Can Now Clone Your Personality With AI
Your personality may not be as unique as you might think. In fact, scammers can now replicate your voice, image, and personality to create a replica that acts just like you. In a landmark study, Stanford researchers created an artificial intelligence system to almost perfectly clone people’s personalities. The study, which involved 1,052 human participants […]
China “Wipes Out” Myanmar Pig Butchering Scammers
New reports are surfacing from Thailand of a massive arrest of over 1,000 scammers in what is being reported as a wipe-out of all of the scam centers in Myanmar. In the Myanmar town of Tangyan, an ethnic minority militia known as the United Wa State Army, or UWSA, deported more than 760 Chinese nationals […]
New Click Farm Scams Are Spiking, Millions Lost
Hong Kong police are warning of a new scam that stole over $22 million (HKD) from victims in just a week. Click Farm scams are a new variant of task scams but far more devious. Typical task scams have victims clicking on links endlessly for commissions while this new scam fools victims into using their […]
No Help For 15 Million Victims Of Synthetic Identity
1 in 22 Americans could be victims of synthetic identity, and they haven’t a clue they are. But regardless, even if they do know, there is nothing they can do about it. There is no help for victims of synthetic identity. Synthetic identity has been called a victimless crime, but that isn’t true. When a […]
Visa’s New Fraud Program May Stun Merchants
US online merchants may be stunned to discover that in four months, they will be subject to massive changes in how Visa measures and penalizes them for fraud. Some large merchants don’t like the new program, complaining that Visa is using a “poison and antidote” approach to sell its fraud solution. Excessive Chargeback Thresholds Dropping […]
They’re Alive: AI Scam Bots Beat Human Fraudsters
AI researchers are warning that new AI voice technology could be exploited. To prove their point, they used ChatGPT 4.0 to carry out seven common scams, many of which were successful at an alarming rate. The peer-reviewed research published this month proves that advanced AI models equipped with voice capabilities could potentially automate common phone […]
The Zelle Stalker – He Used App To Terrorize His Ex
Imagine how desperate you must be to use Zelle to try to get in touch with your ex. But that is exactly what Dustin Francis Haxho did to try to get in touch with his ex-girlfriend, who wanted nothing to do with him. He Used Hundreds Of Burner Phones and Zelle – “You’re At Your […]