Tag: economic crime
3 articles
FBI Warns of $388 Million Lost to Crypto ATM Scams
The FBI's Internet Crime Complaint Center received over 13,400 complaints about crypto ATM scams in 2025, with victims losing a staggering $388 million - a 58% jump in losses from the previous year. This alarming trend is part of a broader surge in cybercrime, with over 1 million complaints filed and nearly $21 billion in losses reported last year.
Interpol Warns of AI-Driven Fraud Surge
Get ready for a seismic shift in financial crime: Interpol warns that AI-driven fraud is set to explode, with losses already hitting $442 billion last year and AI-enhanced scams being over four times more profitable than traditional methods. The question is, are financial institutions prepared to outsmart an enemy that learns faster than they can adapt?
Triad Nexus Evades Sanctions, Bolsters Global Fraud Network
Meet Triad Nexus, a cunning organized fraud operation that has not only evaded US sanctions but has actually expanded its global reach, now running scams worth a staggering $200 million. Despite efforts to choke off its activities, the group continues to thrive using clever tactics like infrastructure laundering and localized fraud.