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The Blog of Cryptoscam Defense Network
Social Engineering vs. Phishing: Differences and Safety Tips
In 2024, thousands of social engineering attacks were reported, with human factors contributing to 74% of security breaches, according to Jumpcloud. Yet, many users still confuse social engineering with phishing or other scams, even though both exploit human...
How to Spot and Stop Bank Phishing Scams: Tips & Real Cases
Scammers constantly refine their techniques to make a phishing email from a bank appear authentic. As a result, more and more people—including people working for finance companies—fall victim to these scams by unknowingly authorizing transactions through fake links,...
Merchant Services Scam Calls: Tips to Protect Your Business
When it comes to scam calls, merchant services calls are among the most common, targeting businesses to steal financial information. According to the Truecaller US Spam and Scam Report 2024, over 56.2 million Americans fell victim to spam and scam calls in 2023,...
Mobile Deposit Check Scams: What They Are and Tips to Stay Safe
Mobile check deposit has modernized banking by allowing users to deposit checks conveniently through their smartphones, eliminating the need for physical bank visits. However, this convenience has also led to an increase in fraudulent schemes targeting mobile banking...
DeFi Wallet Scams: Real Cases and Tips to Protect Your Funds
The rapid growth of decentralized finance (DeFi) has opened the door to new forms of fraud: DeFi wallet scams. According to the CertiK Hack3d Q2+H1 Report, losses across the crypto space reached $688.1 million in Q2 2024, with phishing scams alone causing $433.7...
What Is a Skimmer? A Guide to Skimming Devices
The popular use of payment cards for transactions has opened the door to new forms of fraud: credit card skimming. In fact, according to The Business Research Company, the global payment card skimming market has surged from $3.16 billion in 2023 to $3.56 billion in...
Funds Transfer Fraud in 2024: Tactics and Prevention Tips
These days, almost everyone transfers money, whether it’s to pay bills, send gifts, or handle business. However, these transactions aren’t always secure. According to the Coalition, funds transfer fraud has risen by 15% annually, with the total amount claimed...
What Is Digital Wallet Fraud? 8 Common Examples to Avoid
Thanks to the digitalization of finances in recent years, digital wallets have become one of the most popular tools for users to manage their money without assistance. In fact, Capital One Shopping reports that globally, consumers are 127% more inclined to choose...
Scams on Twitter: 7 Common Tricks and How to Avoid Them
Social media scams are on the rise, with platforms like X (formerly Twitter) turning into ideal targets for scammers due to their large user base and real-time updates. According to the FTC, these scams have caused $2.7 billion in losses since 2021, with X being a key...