ING owned Payvision was the main PSP for the wolf of Sofia

Aufruf an Opfer von BARAK und LENHOFF: Gemeinsam für Gerechtigkeit!

Wichtige Mitteilung an alle Betroffenen der Betrugssysteme BARAK (Wolf of Sofia) und LENHOFF: Wir – die European Funds Recovery Initiative (EFRI), ein in Wien eingetragener gemeinnütziger Verein zur Bekämpfung von Cyberkriminalität gegen Kleinanleger und Verbraucher –  setzen uns seit mehreren Jahren aktiv für die Interessen von Opfern dieser Betrugssysteme ein.

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UK FCA: Incompetent at Best, Dishonest at Worst!

The UK Financial Conduct Authority (FCA) has been exposed as a deeply flawed institution in a recent report by the All-Party Parliamentary Group (APPG) on Investment Fraud and Fairer Financial Services. This investigation highlights systemic incompetence, alarming treatment of whistleblowers, and a failure to act in the interest of victims,

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For UK scam victims: Section 75 of the UK Consumer Act 1974

Here’s something banks don’t tell victims when they request a chargeback or refund for card payments after realizing they’ve been scammed : if you transferred your funds via a credit card payment  Section 75 of the UK Consumer Credit Act 1974 is applicable. Section 75 of the UK Consumer Credit

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Dubai – definitely a go-to destination for scammers!”

These days Wired featured a story about the massive growth rates of pig butchering scam victims on a global basis. Pig butchering scams have caused extensive financial and human damage worldwide. In 2023 alone, the FBI reported nearly $4 billion in losses  (mostly with cryptocurrencies are involved), with global estimates

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mandatory reimbursement regime

Starting Oct. 7th, 2024 UK Banks have to refund scam victims!

Today,  October 7, 2024, the UK Payment Services Regulator (PSR) is set to implement new mandatory reimbursement protections for victims of Authorised Push Payment (APP) fraud. These rules aim to ensure that victims of bank transfer scams, where people are tricked into sending money to fraudsters, are reimbursed quickly and

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authorized push payment

The Payment Industry still underestimates what is at Stake!

Due to the significant rise in online fraud, particularly losses from Authorised Push Payment (APP) scams in the UK, a new mandatory reimbursement scheme for APP fraud victims will be implemented starting on October 7, 2024. This scheme introduces a legal requirement for payment service providers to refund victims for

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Transfers to online prospect

Can we pls finally charge Gery Shalon for his crimes in Europe?

On September 11, 2024, the 8th Global Conference on Criminal Finances and Cryptocurrencies, co-organized by the Basel Institute on Governance, Europol, and the UNODC, took place in Vienna. One of the primary topics of discussion was the increasingly concerning role of cryptocurrencies in the online gambling and casino industry. As

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Crypto Fraud Report from IC3 for 2023

Data shows Crypto Fraud is on the rise!

Investors lost a record $5.6 billion to crypto-related financial crime in 2023, up 45% from 2022, according to a report from the Federal Bureau of Investigation’s (FBI) Internet Crime Complaint Center (IC3) published recenty. While the number of cryptocurrency-related complaints  received by IC3 represents only about 10 percent of the

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Pavel Durov Telegram´s CEO

Telegram is a Cybercrime Hub!

For years Telegram has been known to be a financial cybercrime hotspot. Cybercrime is thriving on Telegram,  the popular messaging platform, with more and more cybercriminals actors choosing the encrypted messaging app as a viable alternative to the deep and dark web. For cybercriminals to shop on Telegram has both

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Un cybercrime treaty

The upcoming United Nations Cybercrime Treaty!

The United Nations has finalized a draft for a new cybercrime convention, marking the first multilateral anti-crime treaty in over 20 years and the first UN Convention against cybercrime. This draft, expected to be adopted by the General Assembly later this year, aims to become the first global legally binding

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