Scams that trick people into transferring funds fall outside most current fraud protections. Some victims want banks to take responsibility. https://t.co/JJrWiNDDHe ...

Some “pig butchering” scam victims say banks aren’t doing enough to prevent the fraud. https://t.co/ryrUevSsku ...

David Sharpe, the former CEO of Bridging Finance, is appealing a decision from Canada’s top capital markets regulator that found he committed fraud and barred him permanently from trading https://t.co/bRam8wySg6 ...

The founder of fashion platform CaaStle has surrendered to face fraud charges over the multimillion dollar collapse of the tech startup https://t.co/wu8tv3xv29 ...

Scam Alert - Bybit warns of a new scam targeting Telegram users with "arbitrage tips" [1] - Scammers impersonate traders, tricking victims into sending funds across blockchains [1] - Victims experience total loss of funds due to the multi-chain fraud [1] Security Measures - Bybit emphasizes that it never DMs users randomly [1] - The industry advises users to stay alert to avoid falling victim to scams [1]

A $30M dark web-linked fraud ring taken down in Brazil – with #Binance’s help.Our Special Investigations team supported law enforcement in Operation Deep Hunt, tracking illicit crypto flows and reinforcing our shared mission to secure the ecosystem.Dive in 👉 https://t.co/X2mlyls8Cp ...

Beware of fraudsters impersonating organizations or individuals to lure people into scams. They may impersonate government agencies or employees, or legitimate investment pros.Learn what to look out for and steps to take to protect yourself: https://t.co/Qt54YANz4S https://t.co/x0qmZ20PTV ...

Austrian real estate tycoon Rene Benko was formally charged with fraud after the collapse of his €23 billion Signa property empire https://t.co/DzrAGy2Hjm ...

A British man accused of swindling investors out of almost $100 million by brokering loans backed by a nonexistent collection of rare wines was extradited to the US to face trial on fraud charges https://t.co/NMsedbzTuD ...

Key Findings - Deepfake technology is enabling fake job candidates to infiltrate the hiring process, posing a significant threat to organizations [3][4] - Gartner predicts that by 2028, 25% (1 in 4) of job candidates worldwide will be fake [3] - Vidoc Security Lab found that 16.8% (approximately 1 in 6) of job applicants are fake [6] - Resume Genius survey indicates that approximately 17% of U S hiring managers have encountered deepfake technology during video interviews [10] Impact and Risks - Deepfake scams have already cost companies millions of dollars worldwide, and the threat is growing [12] - AI-generated fraud, including deepfakes, could cost the U S financial sector up to $40 billion by 2027, up from $12 3 billion in 2023 [12] - Fake candidates can gain access to sensitive data, steal data, write malicious code, and leave the door open for other types of fraud [11][12] - Hiring fake candidates from sanctioned nations poses a national security concern, as salaries can fund illicit activities [20] Contributing Factors - The rise of remote working, accelerated by the pandemic, has contributed to the increase in deepfake job seekers [7][8] - Virtual interviews, while offering convenience and cost savings, have opened the door to new risks [9][10] Countermeasures and Concerns - Companies may need to adjust their hiring processes, potentially switching to offline interviews to combat the rise of fake candidates [22] - Concerns exist that the focus on avoiding fake candidates could lead to biases in hiring, favoring local candidates and in-person interviews [23] - The increased scrutiny and longer hiring processes may negatively impact genuine candidates [23][24]