AUSTRALIA - A South Australian woman narrowly avoided a complete financial disaster after falling victim to a sophisticated business email compromise (BEC) scam that led to the loss of over $800,000. Authorities have since managed to recover a significant portion of the stolen funds, shedding light on the growing threat of cyber fraud in real estate transactions. The victim, who had been in the process of purchasing a property, received what appeared to be a legitimate … [Read more...]
Lawsuit Alleges GoDaddy “Stole” Domain Name Two Months After Purchase
TEMPE, AZ - A lawsuit filed by Sweden-based Crisby Studio AB alleges that the biggest Internet registrar in the world, GoDaddy, “wrongfully took possession of” a domain name, two months after it had been successfully purchased by the company earlier this year. Crisby Studio AB, a Swedish limited liability company, and Niklas Thorin, a Swedish resident Plaintiffs, v. GoDaddy, Inc., a Delaware corporation, GoDaddy.com, LLC, a Delaware corporation, … [Read more...]