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It looks like this Instagram influencer’s lavish lifestyle has cost him his freedom. Ray Hushpuppi, born Ramon Olorunwa Abbas, is a Nigerian National and up against a world of trouble after he pleaded guilty on April 20 to money laundering scams. Hushpuppi used his platform to allegedly take advantage of his followers by luring them into scams that involved cyber and business email compromise schemes as well as a school financing scam. According to reports, the criminal complaint against Ray Hushpuppi reveals that he was behind an elaborate scheme to steal more than $1.1 million from a businessperson who attempted to pay for the construction of a school for children in Qatar. “The defendants allegedly faked the financing of a Qatari school by playing the roles of bank officials and creating a bogus website in a scheme that also bribed a foreign official to keep the elaborate pretense going after the victim was tipped off,” said Acting United States Attorney Tracy L. Wilkison in a...
Instagram and other social media platforms like Twitter and Facebook have become hotbeds for fraud and scammers to steal people’s money. According to a recent report by RSA Security, there was a 43 percent increase in fraud attacks on social media in 2018. The report attributes the attacks to cybercriminals’ use of automated tools and the ease of access on social media. Viral “games” that ask common security questions have been an easy way for scammers to get users’ personal information. For months, Twitter users were answering questions about their mothers’ middle name, the street they grew up on and more, unknowingly making things easier for cybercriminals. Encryption on social media apps like WhatsApp enables scammers to plan and carry out their crimes online. “In addition to using legitimate mobile apps for nefarious purposes, they are also developing their own apps to increase their anonymity, avoid detection and otherwise keep anti-fraud forces from tracking them down and...
Facebook doesn’t have the best reputation for creating a secure platform. From leaving passwords in plain text, to its app developers leaving users’ records exposed , Facebook continues to slip up. Now, a report by Cisco cybersecurity research division — Talos — has found that Facebook still has an ongoing problem with cybercrime groups. Talos said it compiled a list of 74 groups on Facebook with about 385,000 members who “promised to carry out an array of questionable cyber dirty deeds.” This included selling or trading stolen bank and credit card information and email spamming tools. The majority of those groups didn’t work all that hard to hide what they were doing. According to Talos, most used obvious names like “Facebook hack (Phishing)” and “Spammer & Hacker Professional.” To find the groups, all anyone had to do was a simple search containing some keywords. In addition, Talos noted that once someone joins one or more of those cybercrime groups, Facebook’s own algorithms...