Scams

Most scams reported to finance app Revolut Ltd. in the UK last year started their journey on Meta Platforms Inc. social media, with most money lost to “get-rich-quick” investment schemes. The London-based fintech found 60% of UK scam cases came from Facebook, Instagram and WhatsApp, dwarfing other platforms and frauds conducted by telephone. Revolut found a similar trend across Europe, where 61% of scams originated on Meta services.Woody Malouf, Revolut's head of financial crime, said Meta platforms were “being used as a…

In 2014 L'Oréal USA was involved in a scandal for claiming that their skincare boosts gene activity to rejuvenate the skin without any scientific evidence to back it up.This can only labelled as marketing fraud - an illegal practice that makes false or misleading claims for financial gain. It includes talking big about the product’s attributes, concealing side effects or potential harm, and selling poor-quality items as up-to-par ones.This company is just one example of how organizations are taking advantage of…

WhatsApp is one of the most used apps in various parts of the world as it helps users stay connected with their friends and family. Now, the app is also being used for business purposes as its features have expanded over time. However, there have been several cases of WhatsApp scams that not only manipulate people but also hack their devices to commit crimes. Shockingly, WhatsApp users have now become a soft target for scammers to trick and steal their money or even blackmail them. To stay aware and avoid getting trapped…

Expanding its already expansive list of features, online dating platform Bumble has announced the launch of a new AI-powered feature that can help identify fake profiles, spam and scams. For the unaware, Bumble is a women-first dating and social networking app and its new feature is meant to provide greater comfort to its users. The rollout of this new AI-powered feature on the platform aims to make dating more safer and enjoyable.Deception Detector on BumbleThe new AI-powered feature is called Deception Detector. It…

Senior superintendent Baron Chan Shun-ching speaking to reportersPhoto: Dickson Lee (Getty Images)A finance worker in Hong Kong hopped on a video call with, what appeared to be, multiple coworkers and his company’s Chief Financial Officer. Everyone looked and sounded real, but it turns out everyone on the call was a deepfake. The employee was scammed into paying out over $25 million to unknown fraudsters, according to CNN on Sunday.Why is Everyone Suing AI Companies? | Future Tech“(In the) multi-person video conference,…

Scammers tricked a multinational firm out of some $26 million by impersonating senior executives using deepfake technology, Hong Kong police said Sunday, in one of the first cases of its kind in the city.Law enforcement agencies are scrambling to keep up with generative artificial intelligence, which experts say holds potential for disinformation and misuse -- such as deepfake images showing people mouthing things they never said. A company employee in the Chinese finance hub received "video conference calls from someone…

New York Attorney General Letitia James wants the bank to pay back defrauded customers. New York Attorney General Letitia James wants the bank to pay back defrauded customers. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do…

As we all become more wary of scams, it only makes sense that the criminals behind them find new ways to scam us. On Monday, the FBI sent out a public service announcement warning the public about one such scam that has been on the rise (via Bleeping Computer).Scammers posing as tech support agents and US government officials are telling unsuspecting victims their bank accounts have been hacked, so they need to liquidate their assets. According to the FBI Internet Crime Complaint Center (IC3), scams like this…

Following the news that Apple is going to allow third-party app stores in the EU following the release of iOS 17.4, developers around the world have been diving into the company's updated developer guidelines and information to see just how things will work. And as suspected, the changes Apple announced today will only apply to those who are in the European Union. If you're outside of an EU member country, it's business as usual and the App Store remains the only way for you to get your apps.That isn't all that…

Image Source : PIXABAY Remote work scams are on the rise, and here is how innocent people are getting trapped It was back in 2020 when COVID-19 brought the global lockdown, forcing people to work from home. Since then, remote working has gained popularity and has opened avenues for scams, which have exposed job seekers to a new wave of online fraud. But with the rising…