Cybersecurity Romance Scams Scams 
The Fintech Times
FEBRUARY 17, 2025
Plus, we dive into cybersecurity challenges, proactive AI governance, and the evolving risks of AI-driven scams. From a cybersecurity angle, we discuss how forward-thinking companies are not waiting for regulations but are proactively adopting responsible AI practices. Happy reading! Happy reading!
The Fintech Times
AUGUST 31, 2024
Research from Chainalysis , the blockchain data company, has revealed worrying signs about the growth of crypto scams in China. Previously, the highest number of scams in new wallets was 29.9 Interestingly, while crypto scams might be on the rise, their lifetime has actually decreased. per cent in 2022.
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Fintech News
FEBRUARY 15, 2024
Value received by illicit crypto addresses dropped significantly in 2023, driven by a decline in crypto scamming and hacking revenue by 29.2% In particular, the report notes that scamming is most successful when markets are up, exuberance is high, and people feel like they are missing out on an opportunity to get rich quickly.
The Fintech Times
NOVEMBER 20, 2024
In fact, 75 per cent of US shoppers will encounter scams when looking to buy things online. In an attempt to ensure consumers do not fall victim, the Financial Technology Association (FTA) is launching its annual campaign, Smarter Than Scams. It also brings awareness to the most common scams consumers face during the holiday season.
Fintech News
FEBRUARY 21, 2024
Decline in Scamming and Hacking One of the most notable trends in 2023 was the significant reduction in the volume of crypto assets associated with illicit activities, which plummeted to US$24.2 However, the decrease in scamming and theft does not tell the whole story. billion (SG$ 32.51 billion (SG$ 32.51
PYMNTS
JUNE 10, 2019
Business enterprise compromise (BEC) scams are crossing borders, where fraudsters in Africa are targeting U.S. As reported by Threatpost , earlier this month, researchers in London identified a cybersecurity gang that has evolved markedly in scale. The fraud evolved into romance scams a few years later, then BEC scams in 2015.
The Fintech Times
APRIL 11, 2024
More complex and financially damaging types of APP fraud include romance scams. Identity fraud can be used to make a scam seem more realistic by hijacking the established identity of a real person.
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