The 7 most common domain name scams to look out for

The 7 most common domain name scams to look out for

A domain name scam is a form of cybercrime designed to deceive domain owners into paying for fake services, revealing sensitive information, or unknowingly handing over control of their domain. Criminals use these scams to impersonate reputable companies, set up fake domain services, or create convincing copycat websites to steal customer data. Any business can…

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Crypto scams on the rise in SA

Crypto scams on the rise in SA

Christo de Wit, country manager for SA, Luno. New data from Luno, SA’s crypto-currency platform, reveals that while crypto-related scams affect less than 1% of its 14 million customers, scams and fraudulent misrepresentation remain the most prevalent forms of fraud in digital currency. A recent case involving a South African man who lost R4 million…

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Standard Bank sounds alarm over AI-generated scams

Standard Bank sounds alarm over AI-generated scams

Current scams look and sound more real than ever before, says Standard Bank. Standard Bank is warning the public about fraudsters that are using artificial intelligence (AI)-generated voices and e-mails to impersonate bank officials. The big-four bank has witnessed a rise in these types of spoofing scams in recent months. Spoofing is a deceptive tactic…

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DOJ seizes record 5 million in crypto tied to scams

DOJ seizes record $225 million in crypto tied to scams

The Justice Department announced Wednesday the largest-ever U.S. seizure of cryptocurrency linked to so-called “pig butchering” scams that have cost victims billions globally. Federal prosecutors filed a civil forfeiture action targeting more than $225 million in cryptocurrency traced to a sprawling web of fraudulent investment platforms. Victims were tricked into believing they were investing in…

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