Crypto News 

Why Bitcoin investors are prime targets for scammers – and how to avoid becoming ‘crypto-bait’

“Cryptocurrency investors who have bought Bitcoin in recent months are prime targets for hackers, causing online exchanges to beef up security measures” writes Alistair Cox for telegraph.co.uk. The influx over the last year of “inexperienced” cryptocurrency users entering the space has meant an uptick in phishing scams, cyber security company Elliptic has said.One scam in particular used Google Ads to advertise well-known cryptocurrency exchanges, Elliptic’s Tom Robinson said. According to Risk IQ’s Fabial Libeau, both new and experienced crypto investors can be “duped” by phishing attacks. Source: telegraph.co.uk Share This:

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Brokers News 

XTB Warns of Scammers Representing Brokerage in Saudi Arabia

“An epidemic of scams continues to ripple through the FX industry, this time affecting Polish retail brokerage company X-Trade Brokers (XTB)” reports financemagnates.com. In the latest example of scammers trying to deceive, multiple individuals were falsely claiming to represent XTB Limited in Saudi Arabia, a region the group has no ties with.This is the group’s first instance of such a scam afflicting the brokerage in Saudi Arabia however – this includes individuals working for CBF Trade or Dulcimar SA UK Ltd. Source: financemagnates.com Share This:

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News 

PSA: Cybersecurity company demos how Siri feature can be used for phishing

“A cybersecurity company has demonstrated how a Siri feature could be exploited by scammers to assist with phishing attempts” writes Apple Watch Series for 9to5mac.com. Wandera said that it reported the issue to Apple back in April, but the company said that it didn’t consider it a security vulnerability.However, it’s probably worth being aware that scammers may be trying to exploit a potential vulnerability. Source: 9to5mac.com Share This:

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News 

UK Chinese embassy warns over students targeted in ‘virtual kidnapping’ scam

“Many of the Chinese students fall for the scam as the callers speak in clear Mandarin Chinese” writes Neil Connor for telegraph.co.uk. Chinese students are being targeted in elaborate ‘virtual kidnappings’ by scammers who force them to feature in fake hostage videos so they can extort money from their parents.The scammers pretend to be senior Chinese officials from the embassy, or international crime fighters, and threaten the students with violence before forcing them to perform specific tasks. Source: telegraph.co.uk Share This:

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News 

Telstra, NBN, Microsoft phone scammers costing Aussies milli…

“You might think only the naive and gullible fall victim to online scams, but scammers actually target everyone” writes Shireen Khalil for news.com.au. The two common scam categories where people overwhelmingly report scammers contacting them by phone are phishing and identity theft.IMPERSONATORS claiming to be from the Australian Taxation Office are the most common type of phone scamming, but rising remote access scams mean fraudsters are pretending to be from Telstra, the NBN and Microsoft.Many phishing scams involve impersonation of trusted brands. Source: news.com.au Share This:

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News 

NY Court tells binary options, virtual currency scammers Blue Bit Banc, Blake Kantor to take websites down

“The defendants are accused of having solicited potential customers through emails, phone calls, and a website to purchase illegal off-exchange binary options via companies such as Blue Bit Banc” reports financefeeds.com. The defendants sought to cover up their misappropriation by inviting customers to transfer their binary options account balances into a virtual currency known as ATM Coin.The assets affected by this paragraph include both existing assets and income and assets acquired after the effective date of the Order. Source: financefeeds.com Share This:

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News 

LinkedIn cofounder Eric Ly launches ICOHub to eliminate ICO scammers

“The emphasis will be on creating a high-quality source of reputation data about the ICO marketplace and increasing the trustworthiness around ICOs” writes Stewart Rogers for venturebeat.com. ICOHub will rely on a ‘web of trust’ from multiple data sources to determine trust scores.” Those data sources include repositories that track individuals, as well as companies and organizations. Source: venturebeat.com Share This:

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Crypto News 

Google Chrome Cryptocurrency Extensions Now Banned To Protect Users From Scammers

“The Google Chrome store initially allowed various extensions for cryptocurrency mining, provided that users were fully aware of what they were doing” writes Alexandra Burlacu for techtimes.com. Google Chrome is no longer getting any new cryptocurrency extensions, and all existing ones are to be kicked off the Chrome store soon enough.Cryptocurrency mining extensions that are already in the store, meanwhile, will get the boot in late June.According to Google, as much as 90 percent of all cryptocurrency mining extensions developers tried to submit to the Chrome store failed to meet Google’s…

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Crypto News Regulators 

Australian Tax Authority Issues Warning Against Bitcoin Tax Scammers

“According to the statement released by the ATO, Australian citizens have paid more than $50,000 to Bitcoin scammers impersonating ATO representatives” reports financemagnates.com. Bitcoin and other digital coins are not the only choices for scammers to demand money from potential victims. iTune gift cards and prepaid VISA gift cards remain popular options, among others.From impersonating as Elon Musk on Twitter to calling citizens as tax authority representatives, scammers are testing every avenue to dupe people out of cryptocurrency.Amid the rising number of such scam victims, the Australian Taxation Office (ATO)…

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