Let's talk fraud with The Fraud Fellas! Fraud poses a significant threat to individuals, businesses, communities, and society as a whole, undermining trust and the stability of financial systems. The Fraud Fellas is a platform that brings global experts together to discuss emerging fraud trends, share best practices, and delve into frauds and scams. Additionally, we aim to amplify the voices of scam victims and survivors, providing firsthand accounts to underscore the scale and impact of fraud. We offer a series of webinars, podcasts, discussions, and events to raise awareness and empower individuals and institutions with the knowledge needed to effectively counter fraud. At our core, we believe in the power of collaboration and information exchange to stay one step ahead of fraudsters. Join us in our mission to safeguard communities and uphold integrity in the digital age. Together, we can make a difference in the fight against fraud.
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One post is all it takes for scammers to access your accounts and steal your data. Don’t fall for fake giveaways this Eid Al Etihad. Stay alert and celebrate safely. #CyberSecurityCouncil #EidAlEtihad #CyberPulse #StayAlert #StayInformed #StayProtected
The Fraud Fellas reposted this
Never too late to take action.
The Fraud Fellas reposted this
Hey LinkedIn Network! 👋 In a world where scams are smarter than ever, I'm gearing up for this must-attend webinar: Built for Trust: Human and Tech-Driven Strategies to Stop Scams Before They Start. Hosted by @Transform Finance in partnership with @SAS, it'll unpack the evolving global scam landscape, proactive prevention tactics blending AI/machine learning with empathy, and real-world lessons from top institutions to safeguard customers and build unbreakable trust. Whether you're in fraud prevention, banking strategy, or just want to stay one step ahead of the bad guys, this is gold! Featuring powerhouse speakers: • Ian Holmes, Global Director at SAS (ex-HSBC fraud lead) • James Roberts, GM Fraud Strategy at Commonwealth Bank of Australia • Anis Ahmed, Founder of The Fraud Fellas & anti-fraud expert 📅 When: Wednesday, November 26, 2025, at 4:00 PM AEDT (that's 5:00 AM GMT for my UK/EU crew – early bird coffee required! ☕) ~1-hour session 📍Where: Virtual via Zoom – join from your screen! 🎟️ Cost: Totally free! Register now and get the link. Head over and sign up: https://lnkd.in/dJn_PmDa #FraudPrevention #CyberSecurity #FinancialCrime #AIScams #Webinar #FinCrimeFighter
The Fraud Fellas reposted this
Optus has paid a penalty of $826,320 for failing to comply with telco anti-scam rules, leading to some consumers experiencing financial losses and identity theft. https://lnkd.in/gK-zF9nx
𝗜𝗖𝗜𝗝 𝗦𝗽𝗲𝗰𝗶𝗮𝗹: 𝗔𝗯𝗼𝘂𝘁 𝗧𝗵𝗲 𝗖𝗼𝗶𝗻 𝗟𝗮𝘂𝗻𝗱𝗿𝘆 𝗶𝗻𝘃𝗲𝘀𝘁𝗶𝗴𝗮𝘁𝗶𝗼𝗻 The Coin Laundry is a landmark cross-border investigation exposing how major crypto companies enabled — and profited from — a shadow economy built on fraud, scams, drug-money laundering, and cybercrime. While criminals cashed out, countless victims lost life savings with little hope of recovery. Bravo International Consortium of Investigative Journalists (ICIJ)
𝗜𝗖𝗜𝗝 𝗦𝗽𝗲𝗰𝗶𝗮𝗹: 𝗔𝗯𝗼𝘂𝘁 𝗧𝗵𝗲 𝗖𝗼𝗶𝗻 𝗟𝗮𝘂𝗻𝗱𝗿𝘆 𝗶𝗻𝘃𝗲𝘀𝘁𝗶𝗴𝗮𝘁𝗶𝗼𝗻 The Coin Laundry is a landmark cross-border investigation exposing how major crypto companies enabled — and profited from — a shadow economy built on fraud, scams, drug-money laundering, and cybercrime. While criminals cashed out, countless victims lost life savings with little hope of recovery. 𝗞𝗲𝘆 𝗙𝗶𝗻𝗱𝗶𝗻𝗴𝘀: • Crypto companies profited from crime while victims were financially devastated — often with no legal recourse. • ICIJ + 37 media partners analyzed hundreds of illicit wallet addresses and traced tens of thousands of blockchain transactions across global money-laundering networks. • Criminal ecosystems uncovered included: • Southeast Asian scam centers • Drug-trafficking networks • North Korean cyber-heist groups • 𝗛𝘂𝗶𝗼𝗻𝗲 𝗚𝗿𝗼𝘂𝗽, declared a “primary money-laundering concern,” sent: • ~$𝟭𝗠/𝗱𝗮𝘆 in USDT to Binance • $𝟰𝟬𝟴𝗠 total from Jul 2024–Jul 2025 • $𝟮𝟮𝟲𝗠 to OKX after its U.S. guilty plea and penalties • Transfers continued even while Binance and OKX were under court-appointed monitors for AML violations — highlighting persistent compliance blind spots. • A global network of unregulated crypto-to-cash couriers and “cash desks” is enabling anonymous off-ramps in #HongKong, London, Toronto, Istanbul, and beyond. • The investigation uncovered a $𝟯𝟰𝟬𝗠 𝗣𝗼𝗻𝘇𝗶 𝘀𝗰𝗵𝗲𝗺𝗲 allegedly run by "𝗩𝗹𝗮𝗱𝗶𝗺𝗶𝗿 𝗢𝗸𝗵𝗼𝘁𝗻𝗶𝗸𝗼𝘃" — operating freely in Dubai while launching new ventures and media productions. • #Blockchain tracing remains resource-intensive; #lawenforcement and crypto-exchange compliance teams report they’re unable to keep pace with increasingly sophisticated #laundering tactics. • Despite billions in regulatory penalties, #crypto-related losses continue to soar — the FBI estimates $𝟵.𝟯𝗕 lost by Americans in 2024, a 𝟲𝟳% jump YoY. 𝗞𝗲𝘆 𝗧𝗮𝗸𝗲𝗮𝘄𝗮𝘆𝘀: • Crypto crime is scaling faster than crypto compliance. Regulatory fines aren’t stopping illicit flows, and oversight remains fragmented globally. Mainstream exchanges remain central to laundering operations — criminals still • rely on the biggest platforms due to liquidity and weak #KYC /monitoring pipelines. • Victims are largely unprotected — many lose life savings, with little hope due to jurisdictional challenges and anonymous wallet structures. • Decentralized finance is now a primary vector for scams, cyber-heists, and cross-border fraud, demanding urgent policy and enforcement modernization. • Stricter global coordination — not just isolated penalties — is essential to disrupt laundering networks and harden crypto’s financial infrastructure. Full Story: https://lnkd.in/dcePuuPk The Fraud Fellas About Fraud Ken Erin Debbie Association of Certified Fraud Examiners (ACFE) International Consortium of Investigative Journalists (ICIJ) Follow The Fraud Fellas for the latest #FraudNews: https://lnkd.in/d67xSi_h
𝗣𝗮𝘀𝘀𝘄𝗼𝗿𝗱 𝘁𝗼 𝗟𝗼𝘂𝘃𝗿𝗲’𝘀 𝘃𝗶𝗱𝗲𝗼 𝘀𝘂𝗿𝘃𝗲𝗶𝗹𝗹𝗮𝗻𝗰𝗲 𝘀𝘆𝘀𝘁𝗲𝗺 𝘄𝗮𝘀 '𝗟𝗼𝘂𝘃𝗿𝗲' A security investigation following a major jewel heist at the Louvre Museum revealed shocking, long-ignored vulnerabilities in its systems. 𝗞𝗲𝘆 𝗦𝗲𝗰𝘂𝗿𝗶𝘁𝘆 𝗟𝗮𝗽𝘀𝗲𝘀 𝗮𝘁 𝘁𝗵𝗲 𝗟𝗼𝘂𝘃𝗿𝗲: • The password for the museum's critical video surveillance system was simply "𝗟𝗼𝘂𝘃𝗿𝗲." • This "trivial" password was identified as a major security weakness in a 2014 audit by France's National Cybersecurity Agency ANSSI - Agence nationale de la sécurité des systèmes d'information, indicating years of uncorrected flaws. • Other security issues included using the vendor's name, "𝗧𝗵𝗮𝗹𝗲𝘀," as another system password, and the presence of 𝘄𝗼𝗿𝗸𝘀𝘁𝗮𝘁𝗶𝗼𝗻𝘀 𝘀𝘁𝗶𝗹𝗹 𝗿𝘂𝗻𝗻𝗶𝗻𝗴 𝘁𝗵𝗲 𝗼𝗯𝘀𝗼𝗹𝗲𝘁𝗲 𝗪𝗶𝗻𝗱𝗼𝘄𝘀 𝟮𝟬𝟬𝟬 𝗼𝗽𝗲𝗿𝗮𝘁𝗶𝗻𝗴 𝘀𝘆𝘀𝘁𝗲𝗺. Just speechless! Anis Ahmed About Fraud Association of Certified Fraud Examiners (ACFE) ISACA #CISO #DataSecurity #CyberSecurity #LawEnforcement #ACFE #ISACA Follow The Fraud Fellas for the latest #FraudNews: https://lnkd.in/d67xSi_h
𝗡𝗲𝗮𝗿𝗹𝘆 𝟭𝟬𝟬 𝗢𝗻𝘁𝗮𝗿𝗶𝗮𝗻𝘀 𝗳𝗮𝗹𝗹 𝘃𝗶𝗰𝘁𝗶𝗺 𝘁𝗼 ‘𝗯𝗮𝗻𝗸 𝗶𝗻𝘃𝗲𝘀𝘁𝗶𝗴𝗮𝘁𝗼𝗿 𝘀𝗰𝗮𝗺’ 𝗮𝘀 𝗽𝗼𝗹𝗶𝗰𝗲 𝗮𝗰𝗿𝗼𝘀𝘀 𝘁𝗵𝗲 𝗚𝗧𝗔 𝗶𝘀𝘀𝘂𝗲 𝘄𝗮𝗿𝗻𝗶𝗻𝗴𝘀 The "𝗕𝗮𝗻𝗸 𝗜𝗻𝘃𝗲𝘀𝘁𝗶𝗴𝗮𝘁𝗼𝗿 𝗦𝗰𝗮𝗺" is rapidly escalating across the Greater Toronto Area, impacting over 90 victims who have lost tens of thousands of dollars. Police services across the region have issued warnings as this sophisticated fraud convinces victims their bank accounts are compromised, leading them to hand their physical cards over to a criminal posing as an official bank courier. 𝗜𝗺𝗽𝗲𝗿𝘀𝗼𝗻𝗮𝘁𝗶𝗼𝗻 𝗖𝗮𝗹𝗹: Scammers initiate contact by calling victims, often using phone number spoofing to make the call appear to be from the 𝙫𝙞𝙘𝙩𝙞𝙢'𝙨 𝙖𝙘𝙩𝙪𝙖𝙡 𝙗𝙖𝙣𝙠 (e.g., TD). 𝗖𝗿𝗲𝗱𝗶𝗯𝗶𝗹𝗶𝘁𝘆 𝗖𝗵𝗲𝗰𝗸: They use stolen personal/ transaction data (names, addresses, recent transactions, e-transfer contacts) to convince the victim the threat is real. 𝗘𝗺𝗲𝗿𝗴𝗲𝗻𝗰𝘆 𝗢𝗿𝗱𝗲𝗿: Victims are instructed their physical cards must be replaced immediately for an internal investigation. 𝗜𝗻-𝗣𝗲𝗿𝘀𝗼𝗻 𝗣𝗶𝗰𝗸𝘂𝗽: A "courier" is dispatched to the victim's home to collect the cards and PIN. 𝗥𝗮𝗽𝗶𝗱 𝗗𝗿𝗮𝗶𝗻𝗮𝗴𝗲: Once the cards are acquired, scammers quickly empty the victim's accounts. Anis Ahmed The Fraud Fellas Fraud Tribe Canada🍁TCAE Association of Certified Fraud Examiners (ACFE) Follow The Fraud Fellas for the latest #FraudNews: https://lnkd.in/d67xSi_h #antifraud #cybersecurity #financialcrime #lawenforcement #digitalfraud #Fraud #FraudFellas #FraudAwareness #DigitalTrust #ConsumerProtection #ScamPrevention #Awareness #Scams #ACFE #Canada #BankFraud #Scams https://lnkd.in/dRzZefvE
𝗠𝗮𝗷𝗼𝗿 𝗖𝗿𝗮𝗰𝗸𝗱𝗼𝘄𝗻 𝗼𝗻 𝗢𝗻𝗹𝗶𝗻𝗲 𝗥𝗼𝗺𝗮𝗻𝗰𝗲 𝗦𝗰𝗮𝗺𝘀 𝗮𝗻𝗱 𝗦𝗲𝘅𝘁𝗼𝗿𝘁𝗶𝗼𝗻 𝗔𝗰𝗿𝗼𝘀𝘀 𝗔𝗳𝗿𝗶𝗰𝗮 An impressive collaboration among authorities in 14 African countries, involving INTERPOL, Group-IB, and Trend Micro, under Operation Contender 3.0, resulted in a significant disruption of cyber-enabled crime networks that exploited digital platforms and social media.
𝗠𝗮𝗷𝗼𝗿 𝗖𝗿𝗮𝗰𝗸𝗱𝗼𝘄𝗻 𝗼𝗻 𝗢𝗻𝗹𝗶𝗻𝗲 𝗥𝗼𝗺𝗮𝗻𝗰𝗲 𝗦𝗰𝗮𝗺𝘀 𝗮𝗻𝗱 𝗦𝗲𝘅𝘁𝗼𝗿𝘁𝗶𝗼𝗻 𝗔𝗰𝗿𝗼𝘀𝘀 𝗔𝗳𝗿𝗶𝗰𝗮 In a powerful show of cross-border collaboration, authorities in 14 African countries joined forces with INTERPOL, Group-IB, and Trend Micro under Operation Contender 3.0 — leading to a major disruption of cyber-enabled crime networks exploiting digital platforms and social media. 𝗞𝗲𝘆 𝗛𝗶𝗴𝗵𝗹𝗶𝗴𝗵𝘁𝘀: • 𝟮𝟲𝟬 𝘀𝘂𝘀𝗽𝗲𝗰𝘁𝘀 𝗮𝗿𝗿𝗲𝘀𝘁𝗲𝗱 and 𝟭,𝟮𝟯𝟱 𝗲𝗹𝗲𝗰𝘁𝗿𝗼𝗻𝗶𝗰 𝗱𝗲𝘃𝗶𝗰𝗲𝘀 𝘀𝗲𝗶𝘇𝗲𝗱 • 𝟭,𝟰𝟲𝟯 𝘃𝗶𝗰𝘁𝗶𝗺𝘀 𝗶𝗱𝗲𝗻𝘁𝗶𝗳𝗶𝗲𝗱, with 𝗹𝗼𝘀𝘀𝗲𝘀 𝘁𝗼𝘁𝗮𝗹𝗶𝗻𝗴 nearly 𝗨𝗦𝗗 𝟮.𝟴 𝗺𝗶𝗹𝗹𝗶𝗼𝗻 • 𝟴𝟭 𝗰𝘆𝗯𝗲𝗿𝗰𝗿𝗶𝗺𝗲 𝗶𝗻𝗳𝗿𝗮𝘀𝘁𝗿𝘂𝗰𝘁𝘂𝗿𝗲𝘀 𝘁𝗮𝗸𝗲𝗻 𝗱𝗼𝘄𝗻 across the continent • 𝗚𝗵𝗮𝗻𝗮: 68 arrests, 835 devices seized, USD 450,000 in losses • 𝗖ô𝘁𝗲 𝗱’𝗜𝘃𝗼𝗶𝗿𝗲: 24 arrests, 809 victims identified • 𝗦𝗲𝗻𝗲𝗴𝗮𝗹: 22 arrests, 120 victims, USD 34,000 in losses • 𝗔𝗻𝗴𝗼𝗹𝗮: 8 arrests, 28 victims, fake IDs and forged documents seized 𝗪𝗵𝘆 𝗜𝘁 𝗠𝗮𝘁𝘁𝗲𝗿𝘀: 𝙍𝙤𝙢𝙖𝙣𝙘𝙚 𝙨𝙘𝙖𝙢𝙨 𝙖𝙣𝙙 𝙨𝙚𝙭𝙩𝙤𝙧𝙩𝙞𝙤𝙣 𝙖𝙧𝙚 𝙖𝙢𝙤𝙣𝙜 𝙩𝙝𝙚 𝙛𝙖𝙨𝙩𝙚𝙨𝙩-𝙜𝙧𝙤𝙬𝙞𝙣𝙜 𝙛𝙤𝙧𝙢𝙨 𝙤𝙛 𝙤𝙣𝙡𝙞𝙣𝙚 𝙛𝙧𝙖𝙪𝙙 in Africa — preying on human emotion, trust, and vulnerability. Beyond financial loss, victims suffer deep psychological harm. As Cyril GOUT, Acting Executive Director of INTERPOL Police Services, stated: “The growth of online platforms has opened new opportunities for criminal networks to exploit victims. By working closely with our member countries and private sector partners, we remain committed to dismantling these groups.” This coordinated success was made possible through support from Group-IB, Trend Micro, and the UK’s Foreign, Commonwealth & Development Office, which funded the African Joint Operation against Cybercrime. It’s a powerful reminder that protecting people online isn’t just about technology, it’s about teamwork, trust, and a shared responsibility across public and private sectors. The Fraud Fellas About Fraud Association of Certified Fraud Examiners (ACFE) Ken Palla Erin West Anna Rowe Becky Holmes Dmitry Volkov Debbie Fox Follow The Fraud Fellas for the latest #FraudNews: https://lnkd.in/d67xSi_h #antifraud #cybersecurity #financialcrime #Interpol #lawenforcement #digitalfraud #RomanceFrauds #Fraud #FraudFellas #Afripol #FraudAwareness #DigitalTrust #ConsumerProtection #ScamPrevention #Advocacy #Awareness #Scams #ACFE