Top Stories
FTC releases fraud data for 2023
- Complaint numbers up a bit; losses jump 21% to over $10 billion
- Most money lost to “investments,” meaning crypto romance fraud, at $4.6 billion; a 21% jump
- Next most complained of were government/business imposters
- Largest amount of money lost by bank to bank transfers
- Those 20-29 years old lost money in 44% of complaints; those over 70 only 25%, though older group lost larger amounts
Singapore police release 2023 fraud data; fraud up on Meta platforms, including Facebook and Instagram; job scams top the list
China-sponsored hacking group has been infiltrating US electric utilities and emergency management services
FinCEN sends alert to financial institutions warning of crypto romance “pig butchering” frauds
Pet scams are now using sponsored ads on Google to appear at the top of search results; 31% of recent complaints about pet scams identified this tactic; sites usually registered from Cameroon
International effort seizes the infrastructure of Russia-based Lockbit, one of the largest ransomware groups
Full report here
