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FTC Reports Huge Jump in Cryptocurrency Scams

FTC Reports Huge Jump in Cryptocurrency Scams
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New York , United States , Chris Clements , Thomas Beek , Amy Nofziger , Martha Bennett , Elon Musk , Sherrod Degrippo , Purandar Das , Johnp Mello Jr , Williamj Malik , Giacomo Arcaro , Blackchain International , Trend Micro , News Network , Federal Trade , Consumer Protection Data Spotlight , Saturday Night Live , Cerberus Sentinel , Vice President , Principal Analyst Martha Bennett , Digital Shadows , San Francisco Based , E Commerce Times , Boston Business Journal , Boston Phoenix ,

FTC Reports Huge Jump in Cryptocurrency Scams

FTC Reports Huge Jump in Cryptocurrency Scams
ecommercetimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ecommercetimes.com Daily Mail and Mail on Sunday newspapers.

New York , United States , Chris Clements , Thomas Beek , Amy Nofziger , Martha Bennett , Elon Musk , Sherrod Degrippo , Purandar Das , Johnp Mello Jr , Williamj Malik , Giacomo Arcaro , Blackchain International , Trend Micro , News Network , Federal Trade , Consumer Protection Data Spotlight , Saturday Night Live , Cerberus Sentinel , Vice President , Principal Analyst Martha Bennett , Digital Shadows , San Francisco Based , E Commerce Times , Boston Business Journal , Boston Phoenix ,

FTC Reports Huge Jump in Cryptocurrency Scams

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By John P. Mello Jr.
May 19, 2021 4:00 AM PT
Claims of losses from cryptocurrency scams skyrocketed from October 2020 to March 2021, according to a report released Monday by the Federal Trade Commission.
In its Consumer Protection Data Spotlight newsletter, the FTC revealed that during the October to March period nearly 7,000 consumers reported losing US$80 million. That compares to only 570 cryptocurrency scam reports amounting to $7.5 million in losses from October 2019 to March 2020.
The median loss reported was about $1,900, a nearly 1,000 percent increase over the same period a year ago.
The agency noted that as the value of cryptocurrencies like bitcoin continue to soar, new investors are eager to get in on the action, and scammers are more than willing to accommodate them. ....

New York , United States , Chris Clements , Thomas Beek , Amy Nofziger , Martha Bennett , Elon Musk , Sherrod Degrippo , Purandar Das , Johnp Mello Jr , Williamj Malik , Giacomo Arcaro , Blackchain International , Trend Micro , News Network , Federal Trade , Consumer Protection Data Spotlight , Saturday Night Live , Cerberus Sentinel , Vice President , Principal Analyst Martha Bennett , Digital Shadows , San Francisco Based , E Commerce Times , Boston Business Journal , Boston Phoenix ,

Tips for guarding your devices from cyberattacks

Sophisticated cyberthreats and scams are on the rise, making it more important than ever to protect devices
December 15, 2020
4
MINS
It’s been an unprecedented year in many ways, and that applies to the cybersecurity industry too. Not only are we as a society dealing with an ongoing global pandemic, working from home, job losses, natural disasters, social injustices and an election year, we’re also seeing a significant rise in sophisticated cyberthreats and scams directly related to these events.
The Federal Trade Commission has received more than 257,000 reports related to COVID-19 and the stimulus, totaling over $190 million in fraud loss. And recently, the FTC reported continued surges in scams originating on social media. According to the announcement, “the number of complaints about scams that started on social media more than tripled in the last year. People reported losing more than $117 million to this type of scam in just th ....

Federal Trade Commission , Consumer Protection Data Spotlight , கூட்டாட்சியின் வர்த்தகம் தரகு , நுகர்வோர் ப்ரொடெக்ஶந் தகவல்கள் ஸ்பாட்லைட் ,