Category: Fraud

Circle Caught Adding Fake Reviews, Demand For Bitcoin Evident

UK-based remittance and payment service provider Circle was harshly criticized by several online bitcoin communities after it was revealed that the company added over 55 fake five-star reviews to increase the ratings of its mobile applications. In early December, Circle officially announced the termination of its bitcoin trading services, leaving behind millions of active users worldwide. The majority of its user base relied on Circle to purchase and sell bitcoin with …
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The American Tax Agency Is Asking Bitcoin Startup Coinbase To Hand Out User’s Data

Today the Bitcoin community saw something unprecedented, the American Internal Revenue Service (IRS, Tax Agency) sent a request to Coinbase, the most popular Bitcoin exchange in the US, demanding customer’s information ranging from 2013 to 2015. The California Northern District Court is seeking to gather information about “John Does,” a generic term used as a placeholder name for a party whose true identity is unknown, and who meets the following criteria: United States …
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Phishing-as-a-Service Is now a Thing

Malware, Trojans, Viruses and any form of informatic attack is now a normal occurrence in the day-to-day lives of internet users. Still, it is somewhat worrying that even not technically-skilled people can now launch a malicious attack as if they were sending an email. Black markets, darknet, deep web, and other obscure parts of the internet became popular because of their morally dubious offerings. Security firm Fortinet released a blog …
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Bank’s Security Systems Still Vulnerable, SWIFT Says

The institution behind SWIFT, the messaging system that connects the banks all around the world, has said that banks are still vulnerable to computer hacks.  Major financial institutions use the SWIFT network to relay messages between each other. Swift is a platform used by more than 11,000 financial institutions to exchange messages that contain money transference orders. In a given day, the Swift infrastructure handles more than 25 million messages, accounting for billions …
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