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...]
This AMEX Email Phishing Scam Wants You Homeless & Poor, With A Zero FICO Score
PALM BEACH, FL - Nothing could better destroy your holiday spirit than a compromise of your most secure personal information in the form of a phishing expedition. Here is one of the latest email scams circulating what is probably hundreds of thousands of inboxes, just in time for Christmas. Here is how it all plays out: You receive an email which appears to be from American Express, but it isn't, it's from some scrupulous hacker hiding somewhere behind a computer who is … [Read more...]