Fraud

South Korean Fugitive Arrested in Philippines for Voice Phishing Scams
Security South Korean Fugitive Arrested in Philippines for Voice Phishing Scams

In a significant breakthrough, South Korean fugitive Lee Seul Ki has been apprehended by the Bureau of Immigration (BI) in Pampanga, Philippines. Lee, who is 37 years old, was arrested at his residence in the Clark Freeport Zone located in Angeles City. He is wanted in South Korea for his alleged

Can AI Scambaiting Be the Ultimate Solution to Telecom Fraud?
Security Can AI Scambaiting Be the Ultimate Solution to Telecom Fraud?

AI scambaiting systems are rapidly emerging as revolutionary tools in the ongoing battle against telecom fraud, a multibillion-dollar issue that has severely impacted consumers globally, with the United States suffering significantly. Fraudulent phone calls, leveraging deceitful tactics such as

Can a Unified Framework Curb the Growing Threat of SMS Fraud?
Security Can a Unified Framework Curb the Growing Threat of SMS Fraud?

The recent rise in SMS fraud has become a pressing issue for the global communications industry. With more than 8.8 billion mobile phone subscriptions worldwide, the SMS channel is critical for both personal and business communications. However, an increasing volume of fraudulent messaging traffic

China and UAE Partner to Combat Crypto Crime and Boost CBDC Use
Security China and UAE Partner to Combat Crypto Crime and Boost CBDC Use

As the digital world expands, so does the scope for high-tech crimes. This reality is prompting nations to seek new frontiers of cooperation in combating the darker aspects of innovation—specifically, the misuse of cryptocurrencies. In an era of increasing telecom fraud, online gambling, money

Vodafone Launches Scam Signal to Combat APP Fraud
Security Vodafone Launches Scam Signal to Combat APP Fraud

As the digital era continues to expand, the sophistication of fraudsters keeps pace, necessitating more advanced security measures. Recognizing the uptick in sophisticated social-engineering fraud, particularly in the realm of authorized push-payment (APP) scams, Vodafone has stepped forward with a

The Heartbreak of Cyber Love: McKinney Woman Scammed
Security The Heartbreak of Cyber Love: McKinney Woman Scammed

Romance scams are a particularly insidious type of online fraud that targets individuals seeking love and companionship. Scammers, armed with fabricated profiles and imaginative backstories, join dating sites or social networks to charm their potential victims. Their tactics involve feigning

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