HOT OFF THE PRESS: Original published in German 21 February 2025 at ITWelt.at Translation and Pictures: ChatGPT, Pixabay, Experian.
As digital transactions continue to grow, so do the tactics of cybercriminals. In my latest article “Fraud Trends 2025: Viral Crimes and Crypto Fraud” on ITwelt, we explore the evolving fraud landscape and highlight key trends that will shape 2025.
From sophisticated cryptocurrency scams and AI-powered fraud tactics to the rise of so-called ”pig butchering” scams, the article provides valuable insights into the latest criminal methods. It also examines the growing threat of password-spraying attacks and how social media trends can fuel new types of financial fraud.
1. Fluctuations in Cryptocurrencies: The recent surge in the value of cryptocurrencies like Bitcoin has attracted criminals targeting consumers and crypto providers through investment fraud, romance scams, and fake websites selling counterfeit cryptocurrencies.
2. Pig Butchering Scams: Fraudsters “fatten up” their victims over time, convincing them to invest in schemes before absconding with substantial sums, leading to significant financial losses.
3. Password Spraying Attacks: With the advent of electronic health records, large-scale password spraying cyberattacks are anticipated, where cybercriminals use generative AI-created bots to exploit commonly used passwords across multiple accounts.
4. Emergence of Gen4 Bots: A new generation of bots, developed using AI tools and trained to mimic human behavior, poses increased risks as they can bypass traditional security measures with ease.
5. Social Media Challenges Turning Criminal: Some viral social media trends, such as filming oneself depositing unfunded checks and withdrawing cash before they bounce, blur the lines between harmless challenges and criminal activities.
Understanding these trends is crucial for businesses and consumers alike. Staying informed and investing in fraud prevention strategies will be key to mitigating risks in the coming year.
I invite you to read the full article and stay ahead of emerging threats.
