Identity Fraud and Scams Cost Americans $47 Billion in 2024
Published
March 25, 2025 • March 25, 2025
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Coinbase users have reportedly lost over $46 million to phishing scams in March 2025.
A legacy server accessed with stolen credentials is being blamed for the incident. However, the nature and scope of the attack are still being investigated, with Oracle reportedly working with the FBI to gather details.
Regulators and legislators are helping pave a path for traditional banks and financial services companies to adopt digital assets and cryptocurrencies.
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Coinbase users have reportedly lost over $46 million to phishing scams in March 2025.
A legacy server accessed with stolen credentials is being blamed for the incident. However, the nature and scope of the attack are still being investigated, with Oracle reportedly working with the FBI to gather details.
Regulators and legislators are helping pave a path for traditional banks and financial services companies to adopt digital assets and cryptocurrencies.
A student-athlete attending the University of Michigan has filed a federal class action lawsuit against the University and a former assistant football coach.
Did you get a notice about the data breach? If so, you may be able to start a class action to recover money for exposure of your info. Learn more.
Retail ID fraud has risen 22.7% since December 2024, threatening even the most resilient retail brands, according to risk data processed via ID verifications.
As digital threats and crimes become more and more sophisticated, the importance of remaining informed and proactive about how to respond to them rises to match. That includes knowing what to do if you find out your personal data has been stolen, which, according to those in the legal profession, includes taking action to protect yourself from the fallout as soon as possible.
Fraudsters will find ways to scam consumers on mobile wallets. Be vigilant when using these payment methods to avoid falling victim.
The settlement payments were sent out on March 20.
The days of receiving phishing emails with subject lines like “Payment Overdue!” may be coming to an end. As users
Oracle Health reportedly suffered a data breach earlier this year in which hospitals’ patient data were stolen from the company’s legacy servers. | Oracle Health, which has not publicly reported the incident, reportedly told customers on Feb. 20 that its legacy Cerner systems were breached sometime after Jan. 22.
Sensitive healthcare data may be at risk
A new class action lawsuit alleges that Capital One failed to protect customers’ personal identifiable information from a data breach that occurred after one of its employees accessed its inadequately protected computer systems.
With cyber threats surging in India, cybersecurity insurance is becoming crucial for individuals as well as businesses. Despite the country witnessing 369.01 million security incidents in a year, awareness about cyber insurance remains low due to perceived high costs. However, experts highlight that policies start at just Rs 200, covering threats like identity theft, cyberbullying, financial fraud, and unauthorized transactions.
The 2021 cyberattack affected 76 million customers. Those who claimed out-of-pocket losses could receive up to $25,000; others may receive up to $25.
Since 2011, World Backup Day on 31st March has been a reminder of how important it is to back up your data and other digital assets, whether it’s family photographs or critical business data. Over the years, it’s become all the more critical in the face of critical servers becoming unavailable, hard drives crashing, and
A sophisticated social engineering technique known as ClickFix has emerged, leveraging fake CAPTCHA verification processes to deceive users into executing malicious commands.
Fake Apple virus warnings, security alerts and messages are tactics used to prompt you to call a number or click on a malicious link. The CyberGuy explains how to protect…
A newly discovered Android malware dubbed Crocodilus tricks users into providing the seed phrase for the cryptocurrency wallet using a warning to back up the key to avoid losing access.
A cyber attack by a Russian hacking group in February compromised private student data, and the district is advising those affected to change their passwords and remain vigilant in looking out for identity theft.
Every second this year counts. Govern your info before it’s too late.
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