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The Blog of Cryptoscam Defense Network
What is a Chargeback Fraud and How to Prevent It
Chargeback fraud is a critical concern for merchants worldwide, with businesses facing an average of $3.75 in costs for every $1 lost to chargebacks. This alarming statistic highlights the hidden costs associated with dispute management, which can include...
Check fraud: What is it and how to spot it
Check fraud is a growing threat within the financial industry and raises serious challenges for both people and businesses. Projected to reach a huge $24 million by 2024, the number and complexity of these frauds are increasing as fraudsters continually refine their...
Differences between frauds and scams: A Guide to Identify and Protect Yourself
Currently, terms like fraud and scam are often used similarly, but they refer to different forms of fraudulence. These practices are on the rise, and now, more than ever, we need to understand the differences to protect ourselves. Fraud typically involves more complex...
How to spot a Facebook Paypal Scam
How to spot a Facebook PayPal Scam Have you ever come across a suspicious message from PayPal while browsing Facebook? A recent study by Cybersecurity by Lookout revealed that approximately 62% of Facebook users report encountering Facebook PayPal scams every week....
Virtual personal assistant scams: How to Stay Safe in a Remote Work
The popularity of remote and virtual professions has never been greater. As we move closer to a world in which working from anywhere is not only possible but preferred by many, the digital ecosystem grows, moving with potential. However, this transition is not without...
Are Crypto Credit Cards Safe?
There has been a significant movement in society toward digital currencies as a result of the easy incorporation of cryptocurrencies into the basics of our financial operations. This has created the way for innovative financial products, such as crypto credit cards,...
Data Theft: How Your Information Is Stolen and Shared Online
Sharing personal information on social media and other digital platforms has become more and more common. Yet, this seemingly innocent activity comes with hidden risks, as it opens the door to data theft. This new reality blurs the line between public and private...
How to identify fake bank fraud alerts and purchase notifications
In recent years, the financial industry has witnessed a significant increase in scam activities, with fake bank fraud alerts emerging as a prevalent method used by fraudsters. These scams cleverly mimic genuine bank alerts, tricking people into disclosing sensitive...
Smart ways to avoid gift card scams
Gift card scams have been more prevalent in recent years, growing concerns for both businesses and consumers. Since more and more transactions are done online in the digital age, these scams represent a serious hazard rather than just a small upset. Gift card...