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FBI: Social Media, Virtual Currency Fraud Becoming a Huge Problem

Posted by samzenpus on from the buy-my-web-dollars dept.

coondoggie writes: Criminals taking advantage of personal data found on social media and vulnerabilities of the digital currency system are two of the emerging Internet law-breaking trends identified by the FBI's Internet Crime Complaint Center (IC3) in its annual look at online crime. The IC3 said 12% of the complaints submitted in 2014 contained a social media trait. Complaints involving social media have quadrupled over the last five years. In most cases, victim’s personal information was exploited through compromised accounts or social engineering.

2 of 39 comments (clear)

  1. bail THIS one out, boys by Anonymous Coward · · Score: 2, Insightful

    Look at all the fucking criminals at the top of the banking foodchain and tell me the real problem isn't with the US dollar... Bailouts? AKA paid to royally screw up, and with taxpayer dollars? Central bankers are the problem. The solution is obviously to decentralize the system.

  2. "Real" currency fraud is not a problem, of course by X.25 · · Score: 3, Insightful

    It's ok, they just slap some silly fine and noone goes to jail.

    But virtual currency fraud is a really serious one.