If you know someone who fell for an online scam last year, you're far from alone. The FBI reports that Americans submitting incidents to the agency lost $10.3 billion to internet scams in 2022, a steep jump from $6.9 billion in 2021. While there were fewer complaints (800,944), certain ripoffs were still very problematic. Investment scams were the most common and costliest schemes.
The threat actors who infiltrated News Corp., the company that owns The Wall Street Journal and other news outlets, apparently had access to its network for two full years. In February last year, News Corp. admitted that it had discovered a security breach a month earlier and that hackers broke into a third-party cloud service that contained employees' information.
It's not just international police trying to hold Terraform Labs accountable for a collapse that took $40 billion from investors. The Securities and Exchange Commission has charged Terraform and its CEO Do Kwon with securities fraud for allegedly running a "multi-billion dollar" crypto asset scheme.