A scam termed “CEO fraud” or “business email crime” has proven costly for businesses across the globe. According to the FBI, losses incurred from this scam have cost companies more than $2bn (£1.43bn, €1.81bn) over the past two years. Under their modus operandi, criminals impersonate email accounts of chief executives and ask employees to transfer […]
Month: February 2016
Man found guilty of internet scams
A 23-year-old Victorian man found guilty of multiple internet and credit card fraud scams has appealed against his sentence and had it reduced to one year in jail. Joash Boyton was involved in a number of computer scams using stolen credit card data from the time he was 17, until he was 20 years old. […]
Victims of timeshare fraud
Holiday home scam victims at risk of losing money a second time to fraudsters who pose as legal professionals offering to help. Victims of timeshare fraud risk losing money to a second scam where criminals pretend to help them get cash back, experts warn. Most will have spent thousands of pounds on a share in […]
Bank details of 100,000 Britons for sale on internet
Banking details stolen from more than a million people worldwide can be bought from an website on the open internet, rather than on the “dark web”, for as little as £1.67. Criminals are selling the stolen credit and debit card details of 100,000 Britons on the internet in new market said to be “the largest […]
Travel firms fall victim to email phishing CEO fraud
A travel industry anti-fraud group has warned of a new form of cybercrime threatening the sector. Three companies, including a national business, have been recent targets of ‘payment request’ fraud, with one losing an entire season’s profits in a single transaction. However, industry anti-fraud group Profit warns the scam, which first came to light last […]
Two in five Brits wary of travel scams
Almost three quarters of consumers say they wouldn’t purchase a holiday from a website which looks unprofessional. Two in five (43 per cent) Brits are afraid of becoming scam victims when booking holidays, new research from the global online review community Trustpilot has revealed. This is one of the busiest times of the year for […]
Scam Artist Travel Agent
A Chicago-based travel agent has been convicted of seven counts of fraud for scams involving clients who paid for—but did not receive—air bookings to Pakistan and Saudi Arabia. The U.S. District Court for the Northern District of Illinois last month convicted Rashid Minhas with help from the Airlines Reporting Corporation (ARC) fraud prevention team whose […]