Internet Crime Complaint Center

June 23, 2017

FBI: Extortion, CEO Fraud Among Top Online Fraud Complaints in 2016

This post was originally published on this siteOnline extortion, tech support scams and phishing attacks that spoof the boss were among the most costly cyber scams reported by consumers and businesses last year, according to new figures from the FBI’s Internet Crime Complaint Center (IC3). The IC3 report released Thursday correctly identifies some of the most prevalent and insidious forms of cybercrimes today, but the total financial losses tied to each crime type also underscore how infrequently victims actually report such crimes to law enforcement. Source: Internet Crime Complaint Center (IC3). For example, the IC3 said it received 17,146 extortion-related […]

October 25, 2018

How Do You Fight a $12B Fraud Problem? One Scammer at a Time

This post was originally published on this siteThe fraudsters behind the often laughable Nigerian prince email scams have long since branched out into far more serious and lucrative forms of fraud, including account takeovers, phishing, dating scams, and malware deployment. Combating such a multifarious menace can seem daunting, and it calls for concerted efforts to tackle the problem from many different angles. This post examines the work of a large, private group of volunteers dedicated to doing just that. According to the most recent statistics from the FBI‘s Internet Crime Complaint Center, the most costly form of cybercrime stems from […]

August 19, 2021

Wanted: Disgruntled Employees to Deploy Ransomware

This post was originally published on this siteCriminal hackers will try almost anything to get inside a profitable enterprise and secure a million-dollar payday from a ransomware infection. Apparently now that includes emailing employees directly and asking them to unleash the malware inside their employer’s network in exchange for a percentage of any ransom amount paid by the victim company. Image: Abnormal Security. Crane Hassold, director of threat intelligence at Abnormal Security, described what happened after he adopted a fake persona and responded to the proposal in the screenshot above. It offered to pay him 40 percent of a million-dollar […]