Roughly $14 billion in fraudulent transactions occurred in the cryptocurrency world in 2021, up by 79% from a year earlier, according to data firm Chainalysis. Israeli software and cybersecurity concern Check Point Software Technologies, which is tracking the fraudulent activity, expects that number to grow this year.
This alert may not be shared outside your organization, Do Not Repost or send, place on other websites, List servers, or send to others via email, including other associations or parties. Members and Law enforcement use only. Contact us for any permissions. To do otherwise will result in the loss of membership.
Complete Story
01/14/2022
3 Popular Crypto Scams (and How to Avoid Them)
Tulsa World
The cryptocurrency blockchain was supposed to be impervious to fraud, but somebody forgot to tell the scammers.
Researchers at Check Point are documenting the most common frauds, and recently shared their findings. “There is a currently a huge gap between crypto consumers and security,” said Oded Vanunu, head of products vulnerability research at Check Point, noting that the scammers understand the technology behind cryptocurrencies and the venues where they are traded much better than most crypto users.
Alerts
The FRPA alert system distinguishes us from other groups by gathering and providing information to law enforcement, retailers AND financial institutions.
more information
Resources
Your electronic library to help in fighting financial fraud for all of our partners.
more information