The Financial Crime Enforcement Network (FCEN) is raising public awareness about a rapidly growing scam known as “Pig Butchering” — a sophisticated and emotionally manipulative form of fraud that has caused billions in losses worldwide. If you’ve been approached by someone who seems too good to be true — especially online or through social media ...

As the popularity of digital currencies continues to soar, so does the rise in criminal activity surrounding them. The Financial Crime Enforcement Network (FCEN) is sounding the alarm on a significant increase in cryptocurrency scams across Europe and Asia, with victims losing millions to fraudulent investment schemes, fake exchanges, and online impersonation. A Global Surge ...

The Financial Crime Enforcement Network (FCEN) is warning businesses and professionals to be on high alert for a dangerous trend in cybercrime: hackers are increasingly using fake PDF files and image downloads to launch Business Email Compromise (BEC) attacks. This deceptive tactic is part of a growing wave of sophisticated cyber fraud aimed at hijacking ...

In a sobering reminder of the rising threat of cyber-enabled financial crime, international manufacturing giant Orion has revealed that it recently lost $60 million USD in a Business Email Compromise (BEC) scam — one of the largest known losses to date involving a single employee. The scam, which targeted a non-executive staff member in the ...

As cybercriminals become more deceptive and aggressive in their tactics, a new force is emerging to fight back: Artificial Intelligence (AI). The Financial Crime Enforcement Network (FCEN) reports that AI technology is now at the frontlines of preventing Business Email Compromise (BEC) scams — a cybercrime that has caused billions in losses globally. With its ...

Fraud today doesn’t always come in the form of obvious scams — it often hides behind fake contracts, forged IDs, falsified bank statements, and doctored legal documents. At the Financial Crime Enforcement Network (FCEN), we specialize in real-time document fraud detection — helping individuals and businesses spot red flags before it’s too late and recover ...

The Financial Crime Enforcement Network (FCEN) is issuing a critical warning to global consumers after uncovering new evidence that fraudulent shopping websites are being operated by organized cybercrime groups and directly tied to illegal marketplaces on the dark web. These seemingly legitimate online stores are designed to steal payment information, distribute malware, or deliver counterfeit ...