Losses due to cryptocurrency and BEC scams are soaring

Every type of fraud is on the rise, and 2023 was a particularly devastating year for victims of cryptocurrency and business email compromise (BEC) scams, according to the FBI. Cryptocurrency fraud Based on complaints filed to FBI’s Internet Crime Complaint Center (IC3) in 2023, the year saw over $5.6 billion in losses tied to cryptocurrency fraud alone, marking a dramatic 45% increase over 2022 figures. Criminals are exploiting the difficulties of tracing and recovering cryptocurrency … More → The post Losses due to cryptocurrency and BEC scams are soaring appeared first on Help Net Security.
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