Risky Bulletin Newsletter
November 23, 2022
Risky Biz News: Meta formally links pro-Western influence operation to US military
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Pig-butchering crackdown: The US Department of Justice said it seized seven websites that were being used to trick victims as part of an online scam scheme known as "pig butchering." Pig butchering schemes are a combination of romance, investment, and cryptocurrency scams, where victims are approached via dating sites and then social-engineered into making various investment or cryptocurrency transactions. Pig butchering scams originated in Southeast Asia—where they have deep ties to criminal cartels—and are spreading globally. The DOJ said the seized domains impersonated the Singapore International Monetary Exchange and were used to steal more than $10 million from at least five victims.
Ten BEC scammers charged: The US DOJ has charged ten suspects across the US for stealing more than $11.1 million from state Medicaid programs and private health insurers. Officials said the group used BEC schemes where they posed as business partners to divert money from their victims' bank accounts into accounts operated by their money mules. The DOJ said that five state Medicaid programs, two Medicare Administrative Contractors, and two private health insurers fell victim and lost money to the group.