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in Crypto Investment Scam
chronicleonline.com
· 2025-12-08
November and December's charitable giving season attracts scammers who impersonate legitimate charities through fake websites and social media accounts, use high-pressure sales tactics with payment deadlines, send fake donation thank-yous to encourage repeat giving, and exploit cryptocurrency donations to redirect funds to private wallets. Donors can protect themselves by verifying charity contact information through trusted resources like Charity Navigator, avoiding urgent payment demands or cash-only requests, maintaining donation records, and conducting online searches to confirm cryptocurrency wallet addresses before giving.
familyhandyman.com
· 2025-12-08
Scammers are sending threatening extortion emails claiming to have compromising videos or photos of recipients and demanding $2,000 or more in cryptocurrency, using photos of victims' houses obtained from Google Street View screenshots to appear credible. Victims can identify the scam by checking whether actual intimate images are included in the email, searching the email text online to see if others received similar messages, or comparing the house photos to current Google Street View imagery. The FTC recommends reporting fraudulent transactions to your bank for potential reversal (though cryptocurrency transfers are typically irreversible) and filing a report at ReportFraud.ftc.gov.
aol.com
· 2025-12-08
The FBI operates the Internet Crime Complaint Center (IC3) website to help the public report cybercrime, receiving over 880,000 complaints in 2023 with estimated losses exceeding $12.5 billion. Seniors are particularly vulnerable to scams including investment fraud, ransomware, phishing, and tech support schemes, with nearly 60 percent of call center scam losses coming from people over 60, and Americans over 60 losing over $1.1 billion to cryptocurrency scammers alone. The FBI emphasizes prevention through awareness and due diligence rather than investigation alone, and successfully prosecuted a tech support scam ring originating from an IC3 complaint that affected over
livebitcoinnews.com
· 2025-12-08
Hong Kong police arrested 27 individuals operating a "pig butchering" romance scam ring that stole $46.3 million from victims across Mainland China, India, and Singapore. The scammers posed as romantic partners online and used AI deepfake technology and fake cryptocurrency investment platforms to deceive primarily male victims into transferring digital assets, which they never recovered. The operation was run from an industrial complex in Hong Kong's Hung Hom neighborhood and employed trained staff and contracted developers to execute the scheme.
nypost.com
· 2025-12-08
A California elderly man was defrauded of $25,000 by scammers using AI voice technology to impersonate his son, claiming he had caused a car accident and needed bail money; after an initial call from the AI-generated voice, follow-up calls from supposed lawyers named "Michael Roberts" and "Mark Cohen" pressured him to make two separate bank withdrawals totaling $25,000, which he handed to Uber drivers before discovering the fraud. The scam exploited the victim's emotional distress and the speed of the scheme to prevent him from verifying his son's actual situation, highlighting how advanced AI technology and social engineering are making fraud increasingly difficult for seniors to detect.
ftc.gov
· 2025-12-08
The Federal Trade Commission's 2023-2024 report on protecting older adults reveals that seniors reported losing over $1.9 billion to fraud in 2023, though the actual total is estimated at $61.5 billion when accounting for unreported cases. Older adults face disproportionate vulnerability to investment scams ($538 million in losses), tech support scams (5x more likely than younger adults), and romance scams, with cryptocurrency and bank transfers being the most costly payment methods used by fraudsters. The FTC's Scams Against Older Adults Advisory Group, created under the Stop Senior Scams Act, has implemented consumer education programs and developed industry training guidance to combat these
abc7chicago.com
· 2025-12-08
**Summary:**
A Los Angeles man was defrauded of $25,000 by scammers who used artificial intelligence to replicate his son's voice, then posed as attorneys claiming his son needed bail money for a hit-and-accident case. The victim made two separate wire transfers via Uber drivers before realizing the scam, after which police confirmed that AI voice cloning technology is becoming an increasingly sophisticated tool in fraud schemes. Law enforcement notes that scammers need only brief audio samples from social media or voicemails to clone someone's voice convincingly.
mayonews.ie
· 2025-12-08
An Irish man and his friend lost €75,000 in a cryptocurrency trading scam involving a fraudulent company impersonating a legitimate firm. The victim initially invested a small amount that appeared to grow, then was persuaded to invest significantly more, with his friend contributing €50,000 and him €25,000, all of which was lost. The victim has launched a GoFundMe campaign to repay the borrowed funds to his friend.
foxnews.com
· 2025-12-08
Americans lost $5.6 billion to cryptocurrency scams in 2023, a 45% increase from 2022, with over 69,000 complaints filed to the FBI's Internet Crime Complaint Center. People aged 60 and older were disproportionately affected, reporting over $1.6 billion in losses across 16,806 complaints, primarily through investment fraud schemes and relationship-building scams that use fake websites and recovery schemes. Common tactics include scammers promising unrealistic returns via unsolicited contact, building trust through dating apps and social media before pushing crypto investment, and impersonating recovery specialists to steal additional funds from victims.
dlnews.com
· 2025-12-08
Former Canadian Olympic snowboarder Ryan Wedding allegedly led a major cocaine trafficking network that smuggled large quantities of drugs from California to Canada using cryptocurrency payments, including Tether (USDT), with one tracked payment involving 17,300 USDT linked to a drug deal. Wedding, who previously served prison time for cocaine trafficking in 2010, is now facing US prosecution for leveraging encrypted messaging and crypto to facilitate the operation. The case highlights ongoing concerns about cryptocurrency misuse in crime, though Tether reports it has frozen over $1.8 billion in illicit funds and is collaborating with law enforcement to combat criminal activity on its platform.
abc17news.com
· 2025-12-08
October is Cybersecurity Awareness Month, and experts advise consumers to protect themselves from increasingly sophisticated scams by remembering the "three S's": stay suspicious, stop and think, and stay protected. Common scam tactics exploit fear, urgency, and money; frequent targets include seniors and vulnerable populations through robocalls, phishing emails, impersonation of authorities, and romance scams—with one 70-year-old woman losing tens of thousands over several months to a romance scammer. Experts recommend hanging up on unsolicited calls and texts, calling official numbers to verify requests, and asking trusted younger relatives to reverse-image search suspicious photos.
ironmountaindailynews.com
· 2025-12-08
Computer scams continue to evolve with increasing sophistication, affecting even experienced and intelligent computer users. This educational piece outlines eight prevalent scam types: imposter/impersonation scams, pig butchering scams (fake investment schemes), romance scams, payment app scams, online shopping scams, delivery scams, lottery scams, charity scams, and robocalls—each employing psychological tactics like creating false urgency, building trust, or exploiting guilt to manipulate victims into surrendering money or personal information. The article advises readers to remain vigilant and informed about these tactics regardless of their computer experience level.
globalnews.ca
· 2025-12-08
October is Cybersecurity Awareness Month, and security experts outline key scam prevention strategies as sophisticated fraud tactics continue to evolve. Scammers commonly exploit fear, urgency, and money as bait through phishing emails, spoofed caller IDs, robocalls, romance scams, and impersonation schemes targeting vulnerable populations including seniors and isolated individuals. The article recommends staying suspicious, stopping to think before acting, and staying protected by verifying requests through official channels and using tools like reverse image searches to identify potential fraud.
azcentral.com
· 2025-12-08
Americans lost an estimated $12.5 billion to online scams in the past year, with artificial intelligence-generated "deepfake" videos making investment frauds increasingly difficult to detect—the FBI estimates 39% of victims fell for deepfake-based schemes involving fabricated videos of business leaders, celebrities, or romantic interests. Scammers exploit AI to duplicate voices, crack passwords, and process large volumes of data, while most stolen money goes unrecovered, particularly when criminals demand payment in cryptocurrency and operate from overseas. Common defenses include using strong passwords, enabling two-factor authentication, and scrutinizing videos for unnatural movements, inconsistent lighting, and mismatched lip movements
nbcphiladelphia.com
· 2025-12-08
**October is Cybersecurity Awareness Month, and experts emphasize protecting yourself from increasingly sophisticated scams using three key tactics: stay suspicious, stop to think, and stay protected.** Common scam methods exploit fear, urgency, and money incentives—such as fake tax return errors, impersonation of authority figures, and romance scams that can last years and target vulnerable individuals including seniors. Defensive measures include avoiding robocalls and suspicious texts, verifying contacts through official numbers, and using reverse-image searches to identify stolen photos used in romance scams.
coinmarketcap.com
· 2025-12-08
Hong Kong police dismantled a sophisticated cryptocurrency investment scam network on October 9, detailing 27 suspects (aged 21-34) who used AI-generated deepfakes and fake online personas to defraud victims of approximately $46 million through romance schemes. The operation, discovered in a 4,000-square-foot facility in Hung Hom, employed university graduates as technical experts and featured detailed training manuals in multiple languages to manipulate victims into fraudulent crypto investments, with suspects linked to China, Taiwan, India, and Singapore.
observertoday.com
· 2025-12-08
Assemblyman Clyde Vanel introduced legislation in New York that would elevate theft and fraud crimes targeting seniors over 60 to felony status, responding to an estimated $1.5 billion in annual elder financial exploitation in the state and $28.3 billion nationally. The bill aims to address the prevalence of scams targeting elderly victims, who lose an average of $33,915 per incident, by allowing prosecutors to treat age-targeted crimes more severely than similar offenses against younger victims.
berkshireeagle.com
· 2025-12-08
A 75-year-old North Adams man lost over $400,000 in a tech support scam that operated from June to September, in which a caller posing as a federal agent convinced the victim to withdraw cash and hand it to couriers, claiming he was implicated in money laundering. Boston resident Urvishkumar Vipulkumar Patel, 21, was arrested after an FBI sting operation at the victim's home and charged with conspiracy to commit wire fraud; he claimed he was hired to pick up packages and deliver them for a cut. The FBI advises that legitimate federal agencies never request money by phone or send couriers to collect funds
makeuseof.com
· 2025-12-08
Social media scammers use four primary tactics to defraud users: phishing attacks that mimic trusted sources to steal personal information, fake profiles impersonating friends or family to request money or sensitive data, fraudulent giveaways and job offers designed to capture credentials or personal information, and romance scams involving lengthy deception to build trust before financial exploitation. Users can protect themselves by avoiding unsolicited messages and suspicious links, verifying suspicious contacts through alternate communication methods, checking for warning signs like poor grammar and unverified accounts, and researching companies before responding to job offers.
bbc.com
· 2025-12-08
Meta is deploying facial recognition technology to combat celebrity scam advertisements on Facebook and Instagram, which fraudulently use celebrities like Elon Musk and Martin Lewis to promote investment schemes and cryptocurrencies. The system compares flagged ad images against celebrities' profile photos to automatically delete confirmed scams, with early testing showing promising results. Additionally, Meta is testing facial recognition for account recovery while acknowledging that scammers increasingly use deepfake technology to create more convincing fraudulent endorsements.
foxnews.com
· 2025-12-08
Pig-butchering scams have defrauded an estimated $75 billion globally, with criminals increasingly using sophisticated AI-powered deepfake technology for real-time video impersonation and purchasing Starlink satellite dishes to maintain reliable internet connections from Asia. The scams follow a formula of building trust through romantic or investment relationships before redirecting victims to fraudulent crypto platforms, with reported victims losing hundreds of thousands to millions of dollars—including a Colorado retiree who lost $500,000 in life savings and an Illinois widow who lost over $1 million.
consumervoice.uk
· 2025-12-08
Citizens Advice research found that approximately 9 million people in the UK (18% of the population) fell victim to financial scams in the past year, with over three-quarters of victims exposed through social media. The most common scams included fake debt advice (3 million affected), friend-in-need scams (2.5 million), pension scams (2.5 million), investment scams (2.5 million), and parking QR code fraud (2.5 million), with one cryptocurrency trading scam victim losing his savings, home, and health after being pressured into a fake trading platform.
nypost.com
· 2025-12-08
Pig-butchering scams have defrauded victims of an estimated $75 billion globally, with criminals using increasingly sophisticated techniques including deepfake video technology and Starlink satellite internet to build trust before stealing victims' cryptocurrency and savings. The scams typically involve romantic or investment-focused relationships built over months, escalating to requests for financial investment, with documented cases resulting in losses ranging from $500,000 to $1 million per victim. To protect themselves, individuals should be cautious of unsolicited investment opportunities from online contacts, verify identities through independent means, and recognize that scammers specifically target kindhearted people willing to
ahmedabadmirror.com
· 2025-12-08
This educational article outlines common online scams targeting consumers during Cybersecurity Awareness Month, including romance scams (which prey on isolated individuals over extended periods), job scams (impersonating recruiters to steal money or personal information), investment scams (get-rich-quick schemes often involving cryptocurrency), and quiz scams (harvesting personal data for account breaches). The article provides warning signs and protective measures for each scam type, such as reverse-image searching suspicious photos, verifying job offers directly with companies, researching investment opportunities independently, and avoiding online quizzes that collect personal information.
mcknightsseniorliving.com
· 2025-12-08
Older adults reported $1.9 billion in fraud losses in 2023, though the FTC estimates actual losses may have reached $61.5 billion when accounting for underreporting. Adults aged 60+ are significantly more vulnerable to specific scam types, including tech support scams (5x more likely), prize/lottery scams (3x more likely), and investment scams (which increased 34% year-over-year), with romance and business imposter scams also rising notably. The FTC and Senate Special Committee on Aging are expanding consumer education programs and partnerships to combat these increasingly sophisticated scams.
bankingjournal.aba.com
· 2025-12-08
Crypto investment scams have cost Americans billions of dollars, typically beginning with confidence or romance scams before escalating to demands for larger investments. FBI and CFTC officials discuss common typologies, warning signs for financial institutions, and how banks can partner with law enforcement to combat these schemes. The agencies have jointly developed educational materials to help identify and prevent crypto investment fraud.
financial-planning.com
· 2025-12-08
Charles Schwab is facing a federal lawsuit filed by an 84-year-old man and his 76-year-old wife who allege the financial firm failed to prevent scammers from stealing $18.5 million of their retirement savings. The fraud involved hackers posing as Schwab and law enforcement representatives who manipulated the couple into transferring nearly $30 million to a cryptocurrency exchange, with $18.5 million ultimately converted to crypto and sent to the scammers. This is the third similar lawsuit against Schwab in less than two months, highlighting a broader elder fraud crisis affecting seniors nationwide.
theregister.com
· 2025-12-08
Researchers at the University of Illinois Urbana-Champaign demonstrated that OpenAI's Realtime API can be used to create AI agents capable of automating phone scams and credential theft at an average cost of $0.75 per attempt, with a 36% success rate across various scam types including bank transfers, gift card fraud, and credential exfiltration. The study revealed that these scamming agents require minimal coding (1,051 lines) and can execute complex multi-step attacks on victims, exploiting vulnerabilities in the AI model's safety controls through jailbreaking prompts. The findings highlight significant security concerns with voice-enabled AI APIs, as phone sc
larimer.gov
· 2025-12-08
An 85-year-old man and 83-year-old woman in California fell victim to a tech support scam after clicking a popup that directed them to call "Microsoft Support Services"; the suspect collected $30,000 from them in person and later attempted to extort an additional $70,000 in gold bars. Arashdeep Dhaliwal was arrested in April 2024 when he returned to collect the gold and subsequently pleaded guilty to felony theft, receiving 30 days jail time at work release, 3 years supervised probation, and ordered to pay $30,000 in restitution to the victims.
prnewswire.com
· 2025-12-08
A married senior couple lost $30 million in a coordinated fraud scheme involving impersonation, cryptocurrency transfers, and alleged negligence by Charles Schwab, Bank of America, and Unchained Trading. Scammers used confidential information from Schwab's 2023 data breach to convince the victims their investment accounts were compromised, then directed them to liquidate assets and convert funds to cryptocurrency. The lawsuit alleges that all three institutions failed to implement proper Know Your Customer (KYC) and Anti-Money Laundering (AML) protocols despite clear red flags of elder financial abuse and identity theft, and instead attempted to upsell additional services rather than halt the fraudulent transactions
news.trendmicro.com
· 2025-12-08
This article identifies three active scams: the PayPal invoice scam (fraudsters impersonating "Exceed in Coding LLC" send fake invoices to obtain personal financial information via phone), hotel phishing scams (scammers contact victims through legitimate travel agency chat systems with malicious links to steal credentials), and fake payment scams on marketplace sites (scammers send fraudulent payment confirmations to trick sellers into releasing items without payment). The article advises readers to verify sources, avoid clicking suspicious links, and remain skeptical of unexpected payment requests.
aarp.org
· 2025-12-08
An 82-year-old man named Dennis Jones was romantically scammed by a woman he met on Facebook who claimed to be a successful cryptocurrency investor named Jessie and offered to teach him how to profit from crypto investments. After developing trust with the scammer and hoping to leave an inheritance for his family, Dennis invested his savings, which turned out to be part of a fraudulent scheme. The devastating financial loss and emotional trauma led to Dennis taking his own life, and his son and daughter now share his story publicly to warn others about romance and cryptocurrency scams targeting seniors.
6abc.com
· 2025-12-08
A 70-year-old man in Montgomery County, Pennsylvania was targeted through a romance scam on LinkedIn beginning in August 2022, where a criminal posed as a woman to build trust and extract his personal information. The scammers used his identity to purchase iPhones and iPads connected to his AT&T account, then convinced him to facilitate cryptocurrency purchases and transfers as part of a money laundering scheme, resulting in approximately $10,000 in fraudulent charges before the bank detected the activity. The FBI warns that romance scams have become a billion-dollar-a-year enterprise increasingly used to turn victims into "money mules," with AI technology making such schemes more convincing,
ibtimes.co.uk
· 2025-12-08
An 83-year-old San Francisco Bay Area resident lost $50,000 in a cryptocurrency scam after receiving a call from someone impersonating her grandson who claimed to be arrested and needing bail money. The scammers instructed her to deposit cash into Coinstar cryptocurrency ATMs over multiple days, using escalating claims of additional charges and fees to extract more funds. Although her bank flagged suspicious withdrawals and a concerned bystander urged her to verify the story, she only discovered the fraud after directly contacting her grandson, and cryptocurrency's irreversible nature made fund recovery impossible.
newscientist.com
· 2025-12-08
Researchers at JP Morgan AI Research tested three popular chatbot models (GPT-3.5, GPT-4, and Llama 2) by exposing them to 37 scam scenarios, including cryptocurrency investment schemes and other fraud attempts. The study found that while LLMs are increasingly weaponized to perpetrate scams against humans, these AI models themselves are vulnerable to being deceived by scam tactics. The research highlights emerging risks as chatbot technology becomes more prevalent in both fraudulent and legitimate applications.
viewfromthewing.com
· 2025-12-08
A passenger at Bangalore airport lost over $1,000 when lounge staff directed her to download a malicious "Lounge Pass" app and complete a facial scan, claiming these were required for entry. Scammers used the app to gain access to her phone, redirect calls, intercept one-time passwords, and fraudulently charge her credit card and transfer funds to a PhonePe account. The victim contacted her bank to report the fraud, and security experts recommend downloading apps only through official app stores, never sharing two-factor authentication codes, and being cautious of requests for biometric data at airport lounges.
presidentialprayerteam.org
· 2025-12-08
The FTC reported that older adults lost over $1.9 billion to fraud in 2023, though actual losses may exceed $61.5 billion, with seniors over 80 particularly vulnerable to tech support, lottery, family impersonation, and investment scams. The FTC's Scams Against Older Adults Advisory Group, established under the 2022 Stop Senior Scams Act, is working through enforcement, rulemaking, and outreach to disrupt these scams and improve consumer education. Bank transfers and cryptocurrency were identified as the most common payment methods used by fraudsters targeting seniors.
theconversation.com
· 2025-12-08
Fraud is now the leading crime against Canadian seniors, with scammers increasingly exploiting technological tools to create more sophisticated schemes including grandparent fraud (2,494 victims, $9.4 million in losses), romance scams ($59 million in 2022), and phishing attacks ($58 million in 2022). Seniors are particularly vulnerable due to social isolation, limited digital literacy (only 26% feel confident with technology), accessible savings, and the emotional manipulation that can override caution despite public awareness campaigns.
analyticsinsight.net
· 2025-12-08
Social media scams resulted in over $1.2 billion in losses last year, with common schemes including phishing (fake profiles impersonating organizations), romance scams (which cost nearly $1 billion in 2021), fake investment opportunities (over $330 million lost in 2022), fraudulent giveaways (40% of respondents affected in 2021), and impersonation scams targeting friends and family. Users can protect themselves by verifying account authenticity, avoiding suspicious links, staying informed about current scams, and reporting fraudulent activity to platforms.
bbc.com
· 2025-12-08
BBC Scam Safe Week is a multi-platform educational initiative launching programs across television, radio, and online to help the public recognize and avoid scams, which have become increasingly prevalent during the cost-of-living crisis. Expert contributors highlight that "pig butchering" romance-to-investment scams are currently the most profitable fraud scheme, with victims losing tens of thousands of pounds or more, and emphasize that people of all ages—particularly 16-34 year-olds—are vulnerable targets. The campaign stresses that self-education is essential since authorities can only convict 0.1% of fraud cases, and that scamming has become a sophisticated criminal enterprise rather than isolated incidents.
kivitv.com
· 2025-12-08
An Albertsons manager in Nampa, Idaho prevented a customer from losing nearly $3,000 to a phone scam by recognizing that the customer was depositing cash into a Coinstar machine after claiming a "sheriff" told him he had an arrest warrant. The scam is a common impersonation scheme where fraudsters pose as government officials or law enforcement demanding immediate payment via cryptocurrency ATMs, gift cards, or wire transfers—methods legitimate authorities never request. Albertsons staff are trained to recognize such red flags and intervene when customers attempt suspicious transactions.
bilyonaryo.com
· 2025-12-08
Fraud against seniors in Canada is rapidly increasing and now represents the leading crime against this population, driven by sophisticated technologies including voice simulation, AI-generated profiles, and automated phishing systems. Seniors are particularly vulnerable due to social isolation, limited digital literacy (only 26% feel confident with technology), and accessible savings, making them targets for scams like grandparent fraud ($9.4 million in losses), romance scams ($59 million in 2022), and phishing ($58 million in 2022). To protect themselves, seniors should never share personal information via unsolicited calls or messages, verify requests independently, and remain cautious of emotional appeals even when awareness campaigns exist.
interest.co.nz
· 2025-12-08
Fraud is now the leading crime against seniors in Canada, with scammers increasingly exploiting advanced technology including voice simulation, AI, and fake identities to conduct grandparent scams, romance fraud, and phishing schemes. Notable losses include $9.4 million from grandparent fraud and $59 million from romance scams in 2022 alone. Seniors remain vulnerable due to social isolation, limited digital literacy (only 26% feel confident with technology despite 67% using the internet), and scammers' ability to create emotionally manipulative scenarios that override caution and awareness campaigns.
foxnews.com
· 2025-12-08
Scammers in 2024 frequently impersonate celebrities through deepfakes and fake endorsements to defraud victims, with Scarlett Johansson, Kylie Jenner, and Taylor Swift being the top targets according to cybersecurity firm McAfee. Common scams include unauthorized use of celebrities' names and likenesses to promote fake products (health cures, cosmetics, cryptocurrency), ticket fraud, giveaway schemes, and false political endorsements. To protect yourself, verify celebrity endorsements through official channels, be skeptical of unsolicited ads using celebrity images, and report suspected scams to relevant platforms and authorities.
azfamily.com
· 2025-12-08
A Wells Fargo fraud expert warns Arizonans about evolving scams including impersonation schemes (which cost victims $2.7 billion last year), where scammers pose as bank representatives claiming card fraud and then trick victims into handing over debit cards or personal information. Additional threats include AI-powered deepfake calls mimicking family members, cryptocurrency investment scams promising quick returns, and holiday shipping scams posing as delivery services to steal tracking information.
intelligentciso.com
· 2025-12-08
Proofpoint researchers documented a rising trend of cryptocurrency scams targeting job seekers through fake employment offers, often impersonating legitimate companies and communicated via social media, SMS, and messaging apps. These "Pig Butchering" variant scams exploit psychological vulnerabilities to pressure victims into making payments after performing fake tasks, with one fraudulent website impersonating Daptone Records netting over $300,000 in two months. To protect themselves, job seekers should remain skeptical of unsolicited offers, never send money to supposed employers, and verify opportunities through official company channels.
usatoday.com
· 2025-12-08
Americans lost an estimated $12.5 billion to online scams in the past year, with the FBI reporting that 39% of victims were targeted through AI-generated "deepfake" videos used in investment schemes, romance scams, and other frauds. Scammers are increasingly using artificial intelligence to duplicate voices, create convincing fake videos of business leaders and celebrities, and attempt account breaches, making these crimes harder to detect and recover from, as 96% of reported losses are never recovered. The article recommends using strong passwords, two-factor authentication, and watching for telltale signs of deepfakes such as unnatural facial movements, inconsistent lighting, and audio irreg
sbs.com.au
· 2025-12-08
Scam-related complaints to Australia's Financial Complaints Authority surged 81 percent in 2023-24, with nearly 11,000 complaints filed, as Australians lost a combined $2.7 billion to various fraud schemes including phishing, spoofing, bank impersonation, romance, and investment scams. The report also found financial hardship complaints rose 18 percent amid cost of living pressures, with First Nations people experiencing disproportionate impacts due to systemic barriers including limited digital access and reduced banking services in regional areas. Many victims never recover their lost funds, and financial hardship complainants often face slow or inadequate responses from institutions.
ceotodaymagazine.com
· 2025-12-08
Cybersecurity Awareness Month highlights the critical importance of protecting against cyber threats, which are predicted to cost the global economy over $6 trillion in 2024. The article outlines common scams including phishing, spear phishing, tech support fraud, online shopping scams, investment scams, ransomware, romance scams, and lottery schemes. Key protective measures include educating yourself and others, using strong unique passwords, enabling two-factor authentication, verifying sender information, and remaining vigilant about unsolicited requests for personal information.
unilad.com
· 2025-12-08
I don't see an article to summarize in your message. You've provided what appears to be a website navigation menu, but no actual content about scams, fraud, elder abuse, or related topics.
Please paste the full article text or transcript you'd like me to summarize, and I'll provide a 2-3 sentence summary following the Elderus database format (focusing on what happened, who was affected, the type of scam, dollar amounts, and outcomes).