Major Threat
Cryptocurrency scam threatens people in every aspect of their lives: at home, at work, online and offline. Cryptocurrency scam undermines global financial systems,impedes economic growth and causes huge losses to individuals and businesses worldwide.
The issues
Theft, fraud, deception, blackmail, corruption, money-laundering… The possibilities for making money illicitly are seemingly endless. To so-called white collar criminals, the risks appear low and the returns high. Financial crime ranges from basic theft or fraud committed by ill-intentioned individuals to large-scale operations masterminded by organized criminals with a foot on every continent. These are serious criminal activities whose importance should not be minimized as, over and beyond their social and economic impact, they are often closely linked to violent crime and even terrorism. We are all impacted by financial crime which has taken on a whole new dimension with the rapid advancement of digital technology. Criminal gangs operate transnationally to avoid detection, and stolen funds cross many physical and virtual borders before they reach their final destination. This is where our global police networks play an essential role.
Social engineering scam
We monitor the new ways criminals trick victims into giving out confidential information and funds. Social engineering fraud is a broad term that refers to the scams used by criminals to exploit a person’s trust in order to obtain money directly or obtain confidential information to enable a subsequent crime. Social media is the preferred channel but it is not unusual for contact to be made by telephone or in person.
Forewarned is forearmed
Understanding the mechanism behind these different types of fraud is crucial to warn unsuspecting members of public so they are not taken unawares. Some scams target a wide audience in order to trap as many victims as possible whereas others address specific individuals.
Business Email Compromise
Criminals hack into email systems to gain information about corporate payment systems, then deceive company employees into transferring money into their bank account.