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The Blog of Cryptoscam Defense Network
Fraud Bank of America: How to Detect and Report Incidents
Bank of America, recognized as the second-largest bank in the U.S. by the 2024 Forbes list, holds a prestigious position in the financial industry. Despite this, like many other financial institutions, it is still vulnerable to fraudulent schemes. Recently, a data...
How Many Years in Jail Can You Get for Fraud in 2024?
In 2024, the range of fraud remains a serious worry, according to new Federal Trade Commission (FTC) data, customers reported an enormous loss of more than $10 billion due to fraud in 2023 alone, a record high and a 14% rise over the previous year. As the number...
Scam Website Detectors: How to Identify Fake Websites
As we all spend more time online, whether shopping, chatting, or managing our money, staying safe online has become increasingly difficult. With 98% of web applications susceptible to attacks, it is important to have mechanisms in place to help identify and avoid...
Address Poisoning: How the New Crypto Scam Works
Have you ever wondered how big the scam industry is? The rise in cryptocurrency fraud has become a major worry due to its misleading simplicity and deadly consequences. Recently, a new tactic called address poisoning became one of the most complex strategies used by...
Scam Debt Collector Calls: What to Know to Stay Safe
Scam calls are becoming more frequent, and a notable part of this growing problem is due to scam debt collector calls. In these cases, callers specifically target people, tricking them into paying debts that don't exist or aren't theirs. They often use intimidating...
How to Report Fraud to Exchanges and What to Expect?
If you're interested in cryptocurrency, you need an exchange. These platforms facilitate buying, selling, and storing various cryptocurrencies. However, alongside the benefits of these platforms come risks, including fraud. If that happens, you have to be prepared to...
What Is WhatsApp Doing Against Scam Groups?
WhatsApp is one of the most used messaging platforms worldwide, but it is also one of the most attacked by scammers. In the first half of 2023, it was involved in just over 70% of the 6,573 scam cases reported on messaging platforms. Given WhatsApp's role in personal,...
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...