Scammers are increasingly using cryptocurrency because it’s fast and hard to track. However, the Scottsdale Police Department has set up a special unit to combat these crimes. ABC15 recently took a closer look at this crypto crimes unit, which aims to catch scammers and prevent future incidents. For instance, they helped apprehend a fraudster who ...
Nebraska Governor Jim Pillen has signed a new law aimed at strengthening cryptocurrency security and preventing fraud. The bill, known as Legislative Bill 609, focuses on protecting consumers in the growing crypto industry. It introduces measures to combat fraud, particularly related to crypto kiosks, which have been linked to scams. The law allows law enforcement ...
FaceTec offers advanced 3D Face Verification and Reverification software that enhances digital identity security. Their technology allows for reliable remote identity verification using 3D FaceMaps, ensuring user authentication from onboarding to ongoing access across various devices. With industry recognition from the NIST/iBeta Certified Liveness Detection program, FaceTec is trusted worldwide in sectors like finance, border ...
In 2023, Chinese police issued an official warning about the Pi Network, labeling it a scam that specifically targets elderly individuals. Users, lured by promises of free tokens, were tricked into sharing personal information and financial details. The Wuxi police reported that victims often gathered under false pretenses to invest, only to find themselves defrauded. ...
The Securities and Exchange Commission (SEC) has rebranded its Crypto Assets and Cyber Unit to the Cyber and Emerging Technologies Unit. This change aims to tackle cyber-related fraud and protect retail investors from misconduct in new technology sectors. Led by Laura D’Allaird, the unit comprises around 30 fraud experts who will address issues like online ...
Sardine, an AI-driven platform focused on fraud prevention, compliance, and credit underwriting, has recently secured USD 70 million in Series C funding, led by Activant Capital. This brings Sardine’s total funding to USD 145 million, with participation from notable investors like Google Ventures and Moody’s Analytics. Founded by experts from PayPal and other major tech ...
Cryptocurrency scams are becoming more frequent, with criminals exploiting unsuspecting individuals through tactics such as romance scams. Experts warn that these scams often involve fake dating profiles, where victims are lured into investing in seemingly legitimate cryptocurrency exchanges. Despite the digital currency’s appeal, the security surrounding it is not enough to prevent fraud. Research shows ...
Cryptocurrency scams are increasingly targeting individuals, often combining romance with false promises of easy profits. Experts warn that the decentralized nature of cryptocurrencies like Bitcoin makes them appealing to criminals, allowing scams to flourish. A significant rise in fraud cases has been observed, with one in three Americans reportedly falling victim to some form of ...
North Dakota lawmakers are discussing House Bill 1447, which aims to protect residents from cryptocurrency scams as the number of fraud reports rises. The bill proposes new regulations for crypto kiosks, including daily withdrawal limits of $1,000, fraud warnings, and fee caps of $5 or 3% of the transaction, whichever is higher. Supporters argue these ...
Bitcoin ATMs are becoming more common in places like gas stations and grocery stores, with nearly 4,000 in Texas today, up from about 1,000 five years ago. While these machines provide an easy way to buy cryptocurrency, they also attract scams. The FBI reports that losses from Bitcoin ATM scams have surged to $114 million ...
