FTC releases spotlight on the top ten text message scams
- Fake bank security texts top the list
- Fraud complaints doubled in 2022
FBI IC3 gives updated report on Business Email Compromise (BEC) fraud
- For December 2021 and December 2022 losses increased 17%
- 277,918 incidents reported
- Losses of $50,871,501
- 27% increase in reports of BEC involving real estate; losses up 72%
- Also seeing increase where funds sent directly to a crypto exchange
Listen to Steve on the OneRep podcast talking fraud
Diplomat charges that North Korea gets 50% of foreign currency from cyber attacks