As popular as cryptocurrencies have become, the potential for fraud comes with the territory.
One has been catching its victims with their pants down, or so they say.
In fact, if you don’t pay up to a Bitcoin account, they’ll expose your porn-watching habits to your contact list.
That’s the new Bitcoin Fraud making the rounds
In a recent wave of extortion attempts, criminals are telling victims they’ve been filmed watching porn through a webcam trojan. “If I don’t get the payment,” says the e-mail, “I will send your video to all of your contacts including relatives, coworkers, and so forth.”
But, according to experts, it’s a “scare scam.”
To bait a victim, criminals claim they installed a Trojan on the victim’s computer the moment the victim was on a porn site. The criminals also claim they lifted the password and the victim’s passwords. Then, if the demanded funds are not received at a Bitcoin address, the video will be shared to the victim’s entire contact list.
But according to authorities, these are nothing more than empty threats.
How to Protect yourself from Fraud
Experts advise that you not pay the ransom. And should an e-mail like this end up in your mailbox, ignore it and report it to the police immediately.
According to USA Today, practice good “security hygiene.” For example, regularly change passwords and user names. In addition, since laptops and many desktops are equipped with cameras and microphones, cover the camera lens. In addition, the FBI recommends reporting any and all scams.
Unfortunately, hackers can be anywhere
Making things worse, finding them is as difficult as prosecuting them in most cases.
“I think with cybercrime generally—and ransomware is a significant element of it—the victims of the crime are quite ashamed in some cases, and reluctant to come forward,” says Supt. Mark Flynn, the RCMP’s director of cybercrime, as quoted by MacLean’s. Others fear repercussions, such as the gnawing possibility that their businesses or personal lives could suffer.
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