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 ...

Cybercrime is no longer just an IT problem — it’s a global economic crisis. Experts warn that by the end of this year, the total cost of cybercrime worldwide is expected to hit $10.5 trillion annually, making it the biggest transfer of economic wealth in history. According to data compiled by cybersecurity analysts, government agencies, ...

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 ...