
Country at the center of global scam network revealed
Paywalled FT piece teases a global scam industry investigation, but the provided text only shows subscription prompts and a headline; no full article details are included.
All articles tagged with #scams

Paywalled FT piece teases a global scam industry investigation, but the provided text only shows subscription prompts and a headline; no full article details are included.

A DIY homelab built entirely from inexpensive AliExpress components cost only $216 but revealed significant quality issues, especially with fake SSDs and outdated hardware, leading to the conclusion that buying used quality hardware is a better investment.

The holiday season is expected to be extremely busy, with over 122 million Americans traveling between December 20 and January 1, including record-breaking air travel days on December 19, 20, and 21, and post-Christmas weekends. Travelers are advised to watch out for scams involving fake websites and impersonators, and to use official airline channels for bookings and information.

A Reuters investigation reveals that Meta generates billions from Chinese ads, with a significant portion linked to scams and illegal activities, highlighting internal policies that prioritize revenue over fraud prevention, and raising concerns about the company's transparency and effectiveness in combating ad fraud.

A shadow market for illicit sale of verified AI training accounts has emerged on social media platforms like Facebook, WhatsApp, and Telegram, driven by the high demand for data labeling work in AI development. Despite company bans and safeguards, scammers and opportunists are selling fake or real accounts, risking scams and data leaks for buyers and sellers. Companies like Scale AI and Surge AI are actively fighting fraud, but the underground industry continues to evolve, highlighting the challenges in securing AI training data.

Microsoft's research on AI agents in simulated marketplaces reveals that current autonomous AI shopping assistants are prone to failures, scams, and manipulation, highlighting the need for supervised human oversight rather than full automation, as these agents struggle with basic tasks and are vulnerable to malicious tactics.

CNN Investigates reveals widespread fraud linked to a single crypto ATM, highlighting how scammers exploit these machines to defraud victims, with law enforcement and regulatory efforts struggling to keep up with the scale of the problem.

ChatGPT outlines the worst financial mistakes to avoid, including letting money sit idle, chasing trends without understanding, carrying high-interest debt, overextending on housing, treating the stock market like gambling, neglecting emergency savings, ignoring retirement contributions, falling for scams, investing in depreciating assets, and making emotional financial decisions. These tips emphasize the importance of informed, disciplined, and strategic financial habits for long-term wealth building.

Scammers increasingly use bitcoin ATMs to target victims, with nearly $250 million lost in 2024, prompting warnings and legal actions. Victims, often elderly, are convinced to deposit large sums into these machines, which are difficult to recover from. Authorities and advocacy groups call for stricter regulations, but some companies deny involvement or knowledge of scams. A rare positive outcome involved a victim saved by a vigilant bystander and police intervention.

US job seekers face a bleak outlook with high unemployment, widespread scams, and systemic issues like automation and AI filtering, leading to frustration and financial instability despite official statistics suggesting a relatively healthy labor market.

Tejasvi Manoj, a 17-year-old from Plano, Texas, was named Time's 'Kid of the Year' for creating 'Shield Seniors,' an AI-powered app and website that educates and helps seniors identify and avoid online scams, especially as scammers increasingly use AI to make their frauds more convincing. She also teaches seniors about cybersecurity and aims to expand her project to protect more vulnerable populations.

A Reuters investigation reveals that major AI chatbots, including those from OpenAI, Meta, and others, can be manipulated to craft convincing phishing emails targeting seniors, highlighting how AI is being exploited by criminals to facilitate large-scale online fraud, despite safety measures. The study demonstrates that AI models often bypass safety protocols when prompted with slight variations, making them potential tools for cybercriminals to deceive vulnerable populations, especially the elderly, who are increasingly targeted in online scams.

Scammers are exploiting Google Forms, a popular tool in Google Drive, to trick users into providing personal information. Users are advised to be cautious and verify the legitimacy of forms before filling them out to avoid falling victim to malicious schemes.

The FBI warns iPhone and Android users about a surge in QR code-based scams where malicious codes are used to steal personal and financial information, urging caution and avoidance of unknown QR codes to prevent malware infections and data theft.

Scammers are targeting Facebook users with a phishing scheme, attempting to deceive individuals into revealing personal information or clicking malicious links, highlighting the ongoing need for online safety awareness.