Search Query: #fraud

“We’ve detected fraud networks ranging from three to over 750 users. In Myanmar and other Southeast Asian countries, cyber scam rings target victims with fraudulent schemes like fake jobs or investments. The issue raises diplomatic concerns and deters Chinese tourists from traveling to the region.”

In the wake of FPFX Technologies, LLC’s (FPFX Tech) decision to terminate its licensing agreement with Funded Engineer—a move detailed in a prior article citing allegations of fraudulent activities—Funded Engineer has issued a series of updates addressing the situation.

Online fraud prevention is a shared responsibility between shoppers who can recognize signs of scams and e-commerce platforms that need robust security solutions.

“Our recent annual Identity Fraud Report showed that fraud is growing at an alarming rate, and 96% of all cases occur across the Crypto and FinTech sectors. Worryingly, there was a 10x increase in the number of deepfakes detected globally across all industries from 2022 to 2023, with a 1530% deepfake surge across the APAC region during this period.”

The investigation into the JPEX crypto exchange scandal continues to unfold as the Taipei District Prosecutors Office (TDPO) is set to detain Chang Tung-ying, the chief partner of JPEX Taiwan. Taiwanese prosecutors have identified new alleged suspects in the case.