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And seniors are taking the brunt of it. The FBI Internet Crime Complaint Center (IC3) received more than 101,000 reports of scams and fraud against people ages 60 and older in 2023, causing ...
The shift from cash to digital payments -- credit cards and debit cards, mobile payment apps and digital wallets -- has taken the world by storm. According to a report by McKinsey & Company, more...
Internet fraud is a type of cybercrime fraud or deception which makes use of the Internet and could involve hiding of information or providing incorrect information for the purpose of tricking victims out of money, property, and inheritance. [ 1] Internet fraud is not considered a single, distinctive crime but covers a range of illegal and ...
Digital River is a private company [4] that provides global e-commerce, payments and marketing services. In 2013, Digital River processed more than $30 billion in online transactions. In 2013, Digital River processed more than $30 billion in online transactions.
Technical support scams rely on social engineering to persuade victims that their device is infected with malware. [15] [16] Scammers use a variety of confidence tricks to persuade the victim to install remote desktop software, with which the scammer can then take control of the victim's computer.
In 2022, the total number of fraud complaints received from seniors was 88,262, according to the FBI’s Elder Fraud Report. Total losses of $3.1 billion were reported — a whopping 84% increase ...
Classic Con: Bad Check Scams. This scam involves knowingly passing bad checks on accounts that are closed or that don’t have enough money for the check to clear. Writing a bad check was a crime ...
The Fodder Scam was a corruption scandal that involved the embezzlement of about ₹940 crore (equivalent to ₹ 48 billion or US$570 million in 2023) from the government treasury of the north Indian state of Bihar. [ 1] Among those implicated in the theft and arrested were then Chief Minister of Bihar, Lalu Prasad Yadav, [ 2] as well as former ...