Cybercrime has remained a highly profitable venture for fraudsters ever since the early stages of the Internet. Despite the progress made in security measures, such as biometrics, and the emergence of promising payment technologies like blockchain, hackers and criminals consistently manage to stay a step ahead. Therefore, it is essential for us to familiarise ourselves with the common techniques scammers employ to steal our hard-earned money. By doing so, we can effectively prevent potential threats from materialising into significant problems.
Cryptocurrency Romance Scams
The report highlighted an unexpected combination that has proven lucrative for criminals, stating that con artists frequently masquerade as romantic interests online, deceiving their victims into downloading an app and investing in counterfeit cryptocurrencies.
According to the report, the app manipulates its interface to display consistent growth in wealth, leading individuals to trust its authenticity. Meanwhile, the scammers discreetly siphon off their money.
To prevent falling victim …