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Can You Go to Jail for Scamming Online? Legal Consequences
Online scamming is growing fast, and it's a problem that's affecting more people than ever before. In fact, data obtained from the F-Secure report that 36% of people are seeing more scams today than they did just last year. With scams on the rise, understanding...
True Scam Stories: News Digest about Fraud
Fraud is a reality that affects both people and businesses. As schemes grow more complex, understanding and preventing these crimes is a necessity for all, especially in the digital market of finance. According to Veriff's 2024 Fraud Index, nearly half (47.8%) of...
Fraud Detection Techniques: Importance and Examples
Fraud detection is more important than ever as it affects businesses, people, and banks. According to Alloy’s 2024 State of Fraud Benchmark Report, in the US, fraud rates increased by 62% in consumer accounts and 52% in business accounts. That's why better fraud...
Investment Opportunities Near Me: What to Consider
Have you ever wondered what the best investment opportunities near you are? Investing wisely has become a popular method to create a stable income and secure financial future. But understanding the potential risks of making investments is essential, particularly to...
Is Fraud a Felony? Examples and Legal Penalties
Is fraud a felony? This question often arises as fraud—a deceptive act committed to gain an unlawful advantage—carries different legal classifications and multiple consequences. Learning about the distinction between misdemeanor and felony fraud is very important for...
Difference between Blackmail and Extortion
The risks of blackmail and extortion are on the rise more than ever. These tactics involve threats to reveal sensitive information or demand payment. Yet, with advancing technology, criminals can easily hide behind anonymous profiles, complicating the protection of...
Fraud vs. Money Laundering: What’s the difference?
Financial crimes such as fraud and money laundering often tend to be interconnected due to the nature of both crimes. Where fraud affects people, governments, or businesses, there are usually criminal groups that need to disguise that money as legitimate for use....
What Is Fraud By False Representation? Examples
Fraud by false representation is an increasingly common issue, occurring when a person or a business deliberately lies or misrepresents the truth during a transaction. As detailed in Section 2 of the Fraud Act 2006, this type of fraud involves making a dishonest and...
What Are VIN Number Scams? Avoid Risks When Buying Used Cars
The Vehicle Identification Number (VIN) is a unique data for tracking, registering, and verifying the history of a vehicle, especially when it's used. Due to the shocking statistic of over 1,020,729 cars reported stolen in 2023, many of which are resold, the...