Entries Tagged "scams"

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Telegram Hosting World’s Largest Darknet Market

Wired is reporting on Chinese darknet markets on Telegram.

The ecosystem of marketplaces for Chinese-speaking crypto scammers hosted on the messaging service Telegram have now grown to be bigger than ever before, according to a new analysis from the crypto tracing firm Elliptic. Despite a brief drop after Telegram banned two of the biggest such markets in early 2025, the two current top markets, known as Tudou Guarantee and Xinbi Guarantee, are together enabling close to $2 billion a month in money-laundering transactions, sales of scam tools like stolen data, fake investment websites, and AI deepfake tools, as well as other black market services as varied as pregnancy surrogacy and teen prostitution.

The crypto romance and investment scams regrettably known as “pig butchering”—carried out largely from compounds in Southeast Asia staffed with thousands of human trafficking victims—have grown to become the world’s most lucrative form of cybercrime. They pull in around $10 billion annually from US victims alone, according to the FBI. By selling money-laundering services and other scam-related offerings to those operations, markets like Tudou Guarantee and Xinbi Guarantee have grown in parallel to an immense scale.

Posted on January 5, 2026 at 7:01 AM • View Comments

LinkedIn Job Scams

Interesting article on the variety of LinkedIn job scams around the world:

In India, tech jobs are used as bait because the industry employs millions of people and offers high-paying roles. In Kenya, the recruitment industry is largely unorganized, so scamsters leverage fake personal referrals. In Mexico, bad actors capitalize on the informal nature of the job economy by advertising fake formal roles that carry a promise of security. In Nigeria, scamsters often manage to get LinkedIn users to share their login credentials with the lure of paid work, preying on their desperation amid an especially acute unemployment crisis.

These are scams involving fraudulent employers convincing prospective employees to send them money for various fees. There is an entirely different set of scams involving fraudulent employees getting hired for remote jobs.

Posted on December 31, 2025 at 7:03 AM • View Comments

FBI Warns of Fake Video Scams

The FBI is warning of AI-assisted fake kidnapping scams:

Criminal actors typically will contact their victims through text message claiming they have kidnapped their loved one and demand a ransom be paid for their release. Oftentimes, the criminal actor will express significant claims of violence towards the loved one if the ransom is not paid immediately. The criminal actor will then send what appears to be a genuine photo or video of the victim’s loved one, which upon close inspection often reveals inaccuracies when compared to confirmed photos of the loved one. Examples of these inaccuracies include missing tattoos or scars and inaccurate body proportions. Criminal actors will sometimes purposefully send these photos using timed message features to limit the amount of time victims have to analyze the images.

Images, videos, audio: It can all be faked with AI. My guess is that this scam has a low probability of success, so criminals will be figuring out how to automate it.

Posted on December 10, 2025 at 7:05 AM • View Comments

Scam USPS and E-Z Pass Texts and Websites

Google has filed a complaint in court that details the scam:

In a complaint filed Wednesday, the tech giant accused “a cybercriminal group in China” of selling “phishing for dummies” kits. The kits help unsavvy fraudsters easily “execute a large-scale phishing campaign,” tricking hordes of unsuspecting people into “disclosing sensitive information like passwords, credit card numbers, or banking information, often by impersonating well-known brands, government agencies, or even people the victim knows.”

These branded “Lighthouse” kits offer two versions of software, depending on whether bad actors want to launch SMS and e-commerce scams. “Members may subscribe to weekly, monthly, seasonal, annual, or permanent licenses,” Google alleged. Kits include “hundreds of templates for fake websites, domain set-up tools for those fake websites, and other features designed to dupe victims into believing they are entering sensitive information on a legitimate website.”

Google’s filing said the scams often begin with a text claiming that a toll fee is overdue or a small fee must be paid to redeliver a package. Other times they appear as ads—­sometimes even Google ads, until Google detected and suspended accounts—­luring victims by mimicking popular brands. Anyone who clicks will be redirected to a website to input sensitive information; the sites often claim to accept payments from trusted wallets like Google Pay.

Posted on November 20, 2025 at 7:07 AM • View Comments

Cybercriminals Targeting Payroll Sites

Microsoft is warning of a scam involving online payroll systems. Criminals use social engineering to steal people’s credentials, and then divert direct deposits into accounts that they control. Sometimes they do other things to make it harder for the victim to realize what is happening.

I feel like this kind of thing is happening everywhere, with everything. As we move more of our personal and professional lives online, we enable criminals to subvert the very systems we rely on.

Posted on November 4, 2025 at 7:05 AM • View Comments

Social Engineering People’s Credit Card Details

Good Wall Street Journal article on criminal gangs that scam people out of their credit card information:

Your highway toll payment is now past due, one text warns. You have U.S. Postal Service fees to pay, another threatens. You owe the New York City Department of Finance for unpaid traffic violations.

The texts are ploys to get unsuspecting victims to fork over their credit-card details. The gangs behind the scams take advantage of this information to buy iPhones, gift cards, clothing and cosmetics.

Criminal organizations operating out of China, which investigators blame for the toll and postage messages, have used them to make more than $1 billion over the last three years, according to the Department of Homeland Security.

[…]

Making the fraud possible: an ingenious trick allowing criminals to install stolen card numbers in Google and Apple Wallets in Asia, then share the cards with the people in the U.S. making purchases half a world away.

Posted on October 28, 2025 at 7:01 AM • View Comments

Use of Generative AI in Scams

New report: “Scam GPT: GenAI and the Automation of Fraud.”

This primer maps what we currently know about generative AI’s role in scams, the communities most at risk, and the broader economic and cultural shifts that are making people more willing to take risks, more vulnerable to deception, and more likely to either perpetuate scams or fall victim to them.

AI-enhanced scams are not merely financial or technological crimes; they also exploit social vulnerabilities ­ whether short-term, like travel, or structural, like precarious employment. This means they require social solutions in addition to technical ones. By examining how scammers are changing and accelerating their methods, we hope to show that defending against them will require a constellation of cultural shifts, corporate interventions, and eff­ective legislation.

Posted on October 1, 2025 at 7:09 AM • View Comments

Details of a Scam

Longtime Crypto-Gram readers know that I collect personal experiences of people being scammed. Here’s an almost:

Then he added, “Here at Chase, we’ll never ask for your personal information or passwords.” On the contrary, he gave me more information—two “cancellation codes” and a long case number with four letters and 10 digits.

That’s when he offered to transfer me to his supervisor. That simple phrase, familiar from countless customer-service calls, draped a cloak of corporate competence over this unfolding drama. His supervisor. I mean, would a scammer have a supervisor?

The line went mute for a few seconds, and a second man greeted me with a voice of authority. “My name is Mike Wallace,” he said, and asked for my case number from the first guy. I dutifully read it back to him.

“Yes, yes, I see,” the man said, as if looking at a screen. He explained the situation—new account, Zelle transfers, Texas—and suggested we reverse the attempted withdrawal.

I’m not proud to report that by now, he had my full attention, and I was ready to proceed with whatever plan he had in mind.

It happens to smart people who know better. It could happen to you.

Posted on September 30, 2025 at 7:06 AM • View Comments

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Sidebar photo of Bruce Schneier by Joe MacInnis.