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October 16, 2020
On the web
How one family’s nightmare illustrates the growing threat of real estate wire fraud
CNBC
“The couple was hit by what is known as real estate wire fraud, an increasingly common crime. According to the FBI, consumers have lost more than $220 million in schemes like this thus far in 2020, a 13% increase from the same period last year.”
August 10, 2020
On the wires
Nine Charged with $24 Million COVID-Relief Fraud Scheme
“The owner of a Florida talent management company and four others were charged in complaints unsealed yesterday for their alleged participation in a scheme to file fraudulent loan applications seeking more than $24 million in forgivable Paycheck Protection Program (PPP) loans guaranteed by the Small Business Administration (SBA) under the Coronavirus Aid, Relief, and Economic Security (CARES) Act.”
October 5, 2018
Top Post
North Korean hackers tied to massive global theft
Politico
“Over the past several years, North Korea has continued to perfect its hacker armies that have carried out some of the most devastating digital attacks around the world. Last month, the Justice Department unsealed charges against Park Jin Hyok for his part in the 2014 Sony Pictures hack as well as for aiding in the Bangladesh theft and the damaging WannaCry malware outbreak.”
September 7, 2018
On the web
US charges North Korean over Bangladesh Bank hack
Finextra
“In a criminal complaint unsealed on Thursday, Park Jin Hyok was charged with involvement in the North Korean government-sponsored hacking team known as ‘Lazarus Group’ linked to the 2017 WannaCry 2.0 global ransomware attack, the 2016 Bangladesh Bank theft, and the 2014 hit on Sony Pictures Entertainment, among others.”
May 14, 2018
On the web
Thieves Suck Millions Out Of Mexican Banks In Transfer Heist
Reuters
“Thieves siphoned hundreds of millions of pesos out of Mexican banks, including No. 2 Banorte, by creating phantom orders that wired funds to fake accounts and promptly withdrew the money, two sources close to the government’s investigation said. Hackers sent hundreds of false orders to move amounts ranging from tens of thousands to hundreds of thousands of pesos from banks including Banorte, to fake accounts in other banks, the sources said, and accomplices then emptied the accounts in cash withdrawals in dozens of branch offices.”
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