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One in five U.S. adults have lost money to online scams: How to avoid being next
A new report released by the FBI has revealed that one in five U.S. adults has fallen victim to online scams, losing a grand total of $1.3B to fraudulent schemes in 2023 alone. This alarming statistic is yet another reminder at how prevalent – and lucrative - online scams have become in just a few years. From phishing…
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Michigan woman loses thousands in Gift Card-fuelled Tech Support scam
A Fairfax man, Sunyu Qian, has pleaded guilty to orchestrating a series of scams that defrauded victims of over $1 million. Among these fraudulent schemes, Qian used a sophisticated cyber-security gift card scam that tricked unsuspecting victims into purchasing gift cards to “resolve” fabricated subscription issues. Months…
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Over $110 Million lost to Bitcoin ATM scams in 2023, FTC warns
The rise of cryptocurrency has led to a surge in criminal activities, with scammers exploiting the relative anonymity and irreversible nature of these transactions. In 2023, Americans lost over $110 million to Bitcoin ATM scams, according to the Federal Trade Commission (FTC). These scams are becoming increasingly…
