Cyber Ponzi Scheme — Stay Alert!
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Cyber Ponzi Scheme — Stay Alert!Ponzi schemes or pyramid schemes are easy to structure and enable a cyber attacker to hide behind layers of lies and distractions. These cyber schemes use well-known bank names without consent to gain credibility and lure more investors. It is crucial that we shed light on this topic to better educate ourselves on such schemes to avoid the consequences.Definition of the term & how it works:A Ponzi scheme is described as a fraudulent investment campaign in which people are deceived into #investing large sums of money and promised high rates of return that are not from legitimate business activities, profits or trading. The schemes advertised as being no risk to investors and are backed by financial reports and investor testimonials showing off their high (...)