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Fraud

18 Types of Employee Fraud & How To Prevent Them

Employee fraud is not just a rare occurrence, but a prevalent issue in the American workplace. Shockingly, three out of four employees have confessed to stealing from their workplace at least once for personal gain. The types of fraud are diverse, ranging from petty theft to complex schemes involving benefits, accounts receivable fraud, or intellectual property. The risk of employee fraud affects both small and large businesses.

Amazon-Related Scams Spike Ahead of Prime Day

Researchers at Check Point observed more than a thousand newly registered malicious or suspicious web domains related to Amazon last month. The criminals are likely gearing up to target users during Amazon Prime Day next week. “While Prime Day offers incredible savings, it is crucial for shoppers to remain vigilant, exercise caution while clicking on links or providing sensitive information, and ensure they are navigating legitimate platforms,” the researchers write.

Common WhatsApp Scams and How To Avoid Them in 2024

WhatsApp is a messaging app that enables users to message and voice call other WhatsApp users. Many people from all over the world use WhatsApp to communicate. This has made it a common platform for scammers to target people. Some of the most common scams on WhatsApp include an invitation to “WhatsApp Gold,” impersonation scams, WhatsApp tech support scams, as well as charity and romance scams.

Don't Fall for It: How to Spot Social Media Job Scams a Mile Away

As social media becomes more intertwined with our daily routines, cybercriminals are using it to trick people with fake job offers. What are these social-media recruitment scams, and how can you spot the red flags? With unemployment surging in many countries around the world, in particular countries like South Africa, which is currently at the top of the highest unemployment list in the world at over 32%, it’s no wonder that scams targeting job seekers are becoming more common.

Follow the Crypto Part 1: Why Fraud Teams Should Investigate Crypto Transactions

Nowadays, cryptocurrency is a buzzword in society. It’s mostly seen as a high-risk investment or associated with fast profit-making schemes. Despite this, its adoption has surged in recent years, and according to crypto.com, the number of cryptocurrency holders has now hit 580 million. Unfortunately, not all of them hold it for legitimate reasons. We are at a juncture where criminals have the knowledge, services, and tools to channel their illicit profits through cryptocurrencies.

Understanding iGaming Payment Fraud Risks in Africa

If you're engaged with the iGaming community, do you consider the fraud risks associated with online payments in Africa? As the iGaming sector expands across the continent, understanding the challenges of securing transactions and safeguarding personal information is crucial.

Deepfake Cyber Crime to Shift the Cyber Threat Landscape

61% of organizations have seen deepfake incidents increase in the past year – with 75% of these attacks impersonating the CEO or another C-suite executive, according to a recent report by Deep Instinct. Moreover, 97% are concerned they will suffer a security incident as a result of adversarial AI.

Vacation-Themed Scams Are Spiking

Scammers are now impersonating legitimate services like Booking.com and Kayak to target people planning their summer vacations. One out of every 33 vacation-themed domains registered last month was malicious, researchers at Check Point warn. “In May 2024, Check Point Research (CPR) detected a significant surge in summer-related cyber scams, highlighting the need for travelers to stay informed and proactive in safeguarding their personal information,” the researchers write.