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Crypto scam in Egypt robs investors of $620,000

  An online cryptocurrency scam in Egypt robbed hundreds of investors of almost $620,000, according to state media Al-Ahram. Police have  detained  29 people in connection with the fake “HoggPool” online platform, including 13 foreign nationals. In August, the scam website first surfaced in Egypt, promising investors enormous riches from cryptocurrency trading and mining for fees charged at an attractive foreign exchange rate. “They sold people a computer tool: you paid 4,000 Egyptian pounds for it, and you earned 30,000 pounds. You paid 100,000 and you earned a million,” said TV talk show presenter Amr Adib. 16 Egyptians and “13 foreign nationals of the same country,” who were not identified, according to the interior ministry, had been detained. According to the report, authorities also seized 95 mobile phones, 3,367 SIM cards, and 41 foreign bank cards. Authorities said the network was planning to launch a new platform called “Riot” when they were arrested. Under Islam...

AUSSIE DIGITAL —Its Grand Climax At Hand!

D o you want to enjoy the numerous benefits of Aussie digital ecosystem ?  Then you don’t need to wait anymore for a long time. Aussie Digital is launching its ecosystem platform.   The Tradedo exchange interface has been designed to be very user friendly with quick access functions. This will make it standout from all other cryptocurrency exchanges for its shear usability and functionality. Through Tradedo exchange you’ll have the ability to exchange AUD coins and many other reputable coins. They refer to their exchange as the “Engine Room” as it plays a big part in their Ecommerce Platform and allows retailers to accept any coin they have on the exchange. Retailers will have the ability to automatically convert their sale to their chosen currency in real time which takes out some of the worry caused through volatility and freeing up their time, so they can concentrate on business. With the competitve edge of blockchain technology and their minimal fees, they expect those usi...

Common Cryptocurrency Scams And How To Avoid Them

Cryptocurrency investment scams There are many types of crypto scams. Some of the most common include: Fake websites Scammers sometimes create fake cryptocurrency trading platforms or fake versions of official crypto wallets to trick unsuspecting victims. These fake websites usually have similar but slightly different domain names from the sites they attempt to mimic. They look very similar to legitimate sites, making it difficult to tell the difference. Fake crypto sites often operate in one of two ways: As phishing pages: All the details you enter, such as your crypto wallet's password and recovery phrase and other financial information, end up in the scammers' hands. As straightforward theft: Initially, the site may allow you to withdraw a small amount of money. As your investments seem to perform well, you might invest more money in the site. However, when you subsequently want to withdraw your money, the site either shuts down or declines the request. Phishing scams Crypto...

NCC Warns Nigerians On Two New Ways Hackers Steal Information Through Phone Charging And Facebook

  The Nigerian Communications Commission’s Cyber Security Incident Response Team (NCC-CSIRT) has independently identified two cyber vulnerabilities and advised Nigerian telecom consumers on the measures to be taken to get protected from the cyber-attacks. The CSIRT, in its first-ever security advisories less than three months after its creation, has solely identified the two cyber-attacks targeting the consumers and proffer solutions that can help telecom consumers from falling victims to the two cyber vulnerabilities. The first is described as Juice Jacking, which can gain access into consumers’ devices when charging mobile phones at public charging stations and it applies to all mobile phones. The other is a Facebook for Android Friend Acceptance Vulnerability, which targets only Android Operating System. According to CSIRT security Advisory 0001 released on January 26, 2022, with Juice Jacking, attackers have found a new way to gain unauthorized entry into unsuspecting mobile ph...

How scammers use SIM cards to rob your bank accounts

An arrested fraudster has confessed to the methods use to rob bank accounts via access to your phone.   A lot of people are highly ignorant to how losing their phones to fraudsters can lead to a complete clean-up of their bank accounts. If you ask any banker, he or she will tell you about the hundreds of customers who have often come crying to the banks for help after realising that the money in their bank accounts have either fallen short of what it should be or has hit red.   These frudsters do this by stealing victims’ identity; name, address, bank information which they use in gaining access to their bank aacounts. They also use the stolen identity to defraud other people and even apply for loans, leaving the victim with debts.   A local fraudster arrested by the Police confesses to how he steals money from people’s bank accounts through their SIM cards. He claims he does “Wire Wire” also called SIM transaction or “Joker wire” where he can unlo...

DO NOT MISS THIS AUDCOINS FREE MONEY

If you never make free money, please read and get some here, BECAUSE THIS MIGHT BE YOUR OPPORTUNITY TO CHANGE YOUR STORY. Do not joke with this  free earning opportunity because you might wake up one day to see it becomes the big thing and you won't forget missing this. I am happy to announce that Aussie Digital airdrop has finally launched. The Aussie Digital project has been designed to help, not hinder the growth of small to medium business online. The trading exchange (TRADEDO TRADING EXCHANGE) itself looks very professional and smooth. Nothing less than you would expect from a professional company like Aussie Digital. You can create your own online store with Tradezy a cryptocurrency supported e-commerce platform that enables the small scale business owners to hopen their online store at affordable price. The Aussie Digital will launch its ICO on 27th may 2019. It means, before the arrival of ICO date you have great opportunity to earn free AUDcoins without ...

THE 419 EMAIL SCAM

The most well-known online scam is most likely the 419 email scam. Even though many know about this online scam, people still fall for it every single day. With the 419 email scam, a victim will usually receive an email from a stranger claiming to be a prince, a government worker, or someone else. The scammer then states that their money is currently “stuck” somewhere and they need money transferred to them so that they can gain access to their money (or something similar to this story). The scammer then offers their victim a reward for “helping them out.” Sadly, many fall for this scam all the time. Victims usually give up money of their own as well as their identity, and they receive nothing in return . If you receive an email from someone claiming to be a foreign prince or something similar, just delete the email immediately. No prince is going to email you, no matter how interesting that sounds.

HOW TO IDENTIFY AND AVOID BITCOIN SCAMS

Bitcoin is attractive to scammers for the same reason it's appealing to you; it's fast,it's international and it's irreversible. So as Bitcoin usage has grown, we have seen more and more scams. The following are some of the most persistent Bitcoin scams. Bitcoin Ponzi, HYIP or MLM schemes These schemes promise sky-high returns and low fees. They often rely on existing investors signing up new ones, which is the only source of revenue or growth. As with all ponzi schemes, early investors get paid with the money from later investors. Inevitably when new investors stop signing up and depositing, the scheme collapses, since no more funds can be paid out. What to look out for These are some of the warning signs that you might be dealing with  an illegal scheme: * Promises of very high returns/interest * Guarantees that you can't lose money * Little verifiable information on company and owners * Difficulties in withdrawing  your funds * ...

Protecting Customers' Information: Will operators embrace global standards ?

There are people who have vowed never to have anything to do with electronic payment again, no matter the preaching about the benefits. They are bank customers who have fallen victim to electronic payment fraud or e-fraud, and lost huge sums of money in the process. Their bitterness is aggravated by the callous manner some banks usually respond to their plight. “Oh you must have compromised your PIN (personal identification number) by giving it to somebody or by allowing somebody to access it”, these banks tell such people. It is not peculiar to Nigeria, e-fraud popularly known as ATM fraud is a global phenomenon. The amount lost to this fraud by customers and electronic payment services run into billions of dollars. The first step to successful perpetration of this kind of fraud is to have access to the information of the customer, including the PIN, account number etc. The information is then used to produce a duplicate ATM card of the customer which is then used to access and...

10 Ways Of Securing Your Bitcoin Wallet From Being Hacked

Like in real life,your wallet must be secured.Bitcoin makes it possible to transfer value anywhere in a very easy way and it allows you to be in control of your money. Such great features also come with great security concerns. At the same time,Bitcoin can provide very high levels of security if used correctly. Here are 10 ways of protecting and securing your virtual wallet from cyber criminals. 1.Be careful with online services You should be wary of any service designed to store your money online.many exchanges and online wallets suffered from security breaches in the past and such services generally still do not provide enough insurance and security to be used and store money like a bank.Accordingly,you might want to use other types of Bitcoin wallets.Otherwise,you should choose such services very carefully.Additionally,using two-factor authentication is recommended. 2.Small amounts for everyday uses A Bitcoin wallet is like a wallet with cash.if you wouldn't ke...

6 Ways Fraudsters Can Access and Hack Your Bank Account

With current attempts by fraudsters to access people's bank accounts through text messages,emails,phone calls etc.it is important we are armed with the knowledge of the different ways our bank accounts can be hacked by these fraudsters. This will help us better discern their gimmicks, avoid their traps and keep our money safe. Below are 6 ways your bank account can be hacked,as revealed by  jumia travel 1.TRUSTING SUSPICIOUS EMAILS In 2015,Babatunde Fatai,a young man arrested by the Oyo State Police command for various internet crimes including hacking into bank accounts of people in and outside Nigeria, revealed that to hack into bank accounts he would either go to dating sites to woo men and women into trusting him with their account details,or he would send fake emails to bank customers asking them to change their accounts and bank security details.Fatai will then use their old security details to access their accounts and transfer their money to his online lovers,for the...