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In the first half of 2017 businesses and residents of Qatar were hit with more than 93,570 phishing events in a three-month span. [71] A phishing email to Google and Facebook users successfully induced employees into wiring money – to the extent of US$100 million – to overseas bank accounts under the control of a hacker.
Alternatively, the scammer may impersonate a security company and convince the victim that hackers are manipulating their bank account. The goal is for the scammer to transfer money between the user's accounts and to use HTML editing in the browser to make it appear as though new money has been transferred into the account by a legitimate company.
Summer: Russian crackers siphon $10 million from Citibank and transfer the money to bank accounts around the world. Vladimir Levin, the 30-year-old ringleader, used his work laptop after hours to transfer the funds to accounts in Finland and Israel. Levin stands trial in the United States and is sentenced to three years in prison.
But before the cheque has been cleared by a bank and the victim discovers that the cheque has bounced, the scammer will request to have the difference refunded [10] Usually through an online banking transfer, pre-loaded money card, or a wire transfer such as Western Union. Therefore, victims lose the money they send along with the item itself. [11]
Those who sell on Facebook Marketplace should be aware of a scam alert issued by the Better Business Bureau. The alert warns of Zelle scams on Facebook Marketplace in which a fraudulent buyer ...
Every year, more and more people fall prey to scams. Data from the Federal Trade Commission shows that in 2021, consumers reported losing more than $5.8 billion to fraud.That’s a 70% increase ...
In the 2000s, phishing attacks became more organized and targeted. The first known direct attempt against a payment system, E-gold, occurred in June 2001, and shortly after the September 11 attacks, a "post-9/11 id check" phishing attack followed. [56] The first known phishing attack against a retail bank was reported in September 2003. [57]
• Don’t send money if you’re in doubt. If the caller urgently asks you to send money via a digital wallet payment app or a gift card, that may be a red flag for a scam.