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FBI warns of fraudsters impersonating prosecutors and law-enforcement officials to extort money and sensitive information from victims, highlighting the growing threat of impersonation scams

by Jyotsna Bucktowar | Jan 27, 2026

In the scam, criminals contact victims by phone, email, or text claiming the person is involved in or a victim of a fraud investigation, then demand bank details, payments, or sensitive information. Authorities stress that legitimate law-enforcement agencies do not...

FBI’s 2024 Internet Crime Report reveals a 33% rise in cybercrime losses to $16.6bn, with cryptocurrency fraud surging 66% to $9.3bn, driven by investment scams, extortion, and ATM fraud

by Jyotsna Bucktowar | Apr 24, 2025

The report highlights a surge in two major threats: extortion and phishing, both of which continue to target individuals and organizations across the country. In particular, Alabama has been identified as one of the states with high vulnerability to cybercrime,...

FBI warns that criminals are using generative AI to enhance fraud schemes, making them more believable and harder to detect

by Jyotsna Bucktowar | Dec 13, 2024

Generative AI reduces the time and effort criminals must expend to deceive their targets. Generative AI takes what it has learned from examples input by a user and synthesizes something entirely new based on that information. These tools assist with content creation...

US DoJ and FBI seize more than $6m in alleged proceeds of a crypto-confidence scheme

by Jyotsna Bucktowar | Sep 26, 2024

Cryptocurrency confidence investment schemes begin by criminals contacting potential victims through seemingly misdirected text messages, dating applications, or professional meetup or investment groups. Next, using various means of manipulation, the criminal gains...

FBI’s 2023 Cryptocurrency Fraud Report reveals over $5.6 bn in reported losses due to cryptocurrency fraud, detailing various types of fraud such as scams and Ponzi schemes

by AdrianaAMLP | Sep 13, 2024

In 2023, the FBI’s Internet Crime Complaint Center received more than 69,000 complaints from the public regarding cyber-enabled crime and financial fraud involving the use of cryptocurrency, with over $5.6 billion in reported losses. Criminal actors exploit...
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Recent Posts

  • FATF publishes a targeted report on stablecoins and unhosted wallets, warning that these fast-growing crypto tools, facilitating over 80% of criminal virtual asset transactions, are fueling global ML/TF risks
  • EBA and ESMA launch a consultation to harmonise ‘fit-and-proper’ checks for senior bank and investment leaders, proposing clearer supervision, standardised suitability, and stronger AML safeguards – feedback by 25 May 2026
  • AUSTRAC publishes guidance on its new compulsory examination powers, detailing how it can require individuals or businesses to attend, answer questions, and provide documents for AML/CTF compliance
  • HMT publishes guidance on Using Digital Identities with the MLRs, clarifying that regulated firms can use certified digital identities on the DVS Register to meet AML customer due diligence requirements
  • CoLP Domestic Corruption Unit arrests the Chief Executive of the Police Federation of England & Wales and 2 senior officials on suspicion of fraud by abuse of position in a financial misconduct probe

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