July 11, 2024

Text message scams are exploding; 60 billion in June alone; that’s 60 per person in the US

US Treasury releases money laundering risk assessment

• Fraud is now top reason for laundering
• Crypto romance fraud most common
• Now tops BEC fraud

US arrests Chinese man who was administrator of world’s largest botnet; 19 million computers used to send spam, support PPP fraud etc

Full report here