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Myanmar’s proliferating scam centers

'Modern slavery' Human trafficking victims, pictured in Thailand's Tak province in February, show scars left by electric shocks and beatings. (Reuters) Criminal networks amassed such enormous profits that they were able to sustain -- and even expand -- these sprawling compounds. One man who claimed to have perpetrated scams recalled that a deep, resonant beat from a Chinese-style drum would echo through the compound each time a deposit of over $100,000 was received. The profits are built not

Zelle needs to fix ‘significant scams and fraud,’ lawmakers say

is a news writer who covers the streaming wars, consumer tech, crypto, social media, and much more. Previously, she was a writer and editor at MUO. Banks are facing renewed pressure to protect their customers from scams on Zelle, the payment network owned by JPMorgan, Wells Fargo, Bank of America, Capital One, and other big banks. In letters to the banks, Sen. Elizabeth Warren (D-MA), Sen. Richard Blumenthal (D-CT), and Rep. Maxine Waters (D-CA) asked them how often their customers report Zelle

Singapore police can now seize bank accounts to stop scams

Singapore police can now seize bank accounts to stop scams Singapore has seen a worsening problem with scams, which surged to a record S$1.1 billion ($860m; £630m) in 2024 in the island-state. The law was passed earlier this year by lawmakers, though some members of parliament have described the measure as intrusive. The move is aimed at addressing a common issue faced by the police where victims often refuse to believe they are being scammed despite warnings, authorities have said. Police i

Got a suspicious UPS text? Don't reply - it might be a scam. Here's how to tell

Elyse Betters Picaro / ZDNET I've been anxiously expecting a package from UPS. That's why a text I received the other day caught my eye. Claiming to be from UPS, the message said that the carrier attempted to deliver the package on June 27, but the delivery couldn't be completed. The date was one when my wife and I were away, so this seemed legitimate at first glance. Also: Got a suspicious E-ZPass text? Don't click the link (and what to do if you already did) However, I've written plenty of

A cryptocurrency scam that turned a small town against itself

Online scams are as old as the internet, but the rise of crypto has given con artists a valuable new tool — digital coins that can be transferred instantly, without oversight from banks legally obligated to monitor transactions for malfeasance. In 2023, crypto fraud cost American investors an estimated $4.8 billion, according to the F.B.I. The scams are so common that law-enforcement authorities have taken to calling them by a pithy name: Pig butchering, a rough translation of an expression wide