99 Second Summary of FTX

Cryptocurrency exchange FTX may have misused customer funds in violation of its own terms of service. Although, there is legalize needed to use uncertainty in the statement that crimes might have been committed. It is very apparent that financial crimes and theft and misuse of client funds did happen. FTX placed billions of dollars worth …

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What is Social Engineering?

Social engineering is when someone tricks people into making security mistakes or giving away sensitive information. Social engineering attacks are increasing. According to the FireEye email threat report, they discovered a 26% increase in malicious URLs using HTTPS and a 17% rise in phishing attempts. There was also an increase in file-sharing service exploitation and …

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Quantexa Uses Context-Aware Artificial Intelligence to Uncover Human Trafficking Networks

Quantexa has developed revolutionary Entity Resolution and Network Analytics technology that enable deeper insights into complex financial and real-world criminal problems like human trafficking. Quantexa is able to use their technology to model and achieve a true understanding of groups and people and their relationship and their behaviors so that they can achieve genuine business …

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Multiple fatalities from mass shooting at Madden NFL video game tournament

Multiple fatalities were reported in a mass shooting, Sunday afternoon at a Madden NFL video game tournament in a popular area of Jacksonville, Florida. One suspect was dead at the scene. Notice just prior to the #shooting at the #Madden19 tournament what looks like a red laser go across this gentleman’s chest. #TheLandingMassShooting #jacksonville #activeshooter …

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Chicago having more total murders than cities of LA and NY combined leads for calls for Mayor to resign

There was an anti-violence demonstration in Chicago which also called for Mayor Rahm Emanuel to resign. Chicago has had more total murders in 2016, 2017 and 2018 than the combined populations of Los Angeles and Chicago. This is despite having 4.6 times fewer people. There have been 304 murders in Chicago up until July 31, …

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China broke up US$1.5 billion cryptocurrency World Cup gambling ring

Chinese police have broken up an illegal World Cup gambling ring hosting more than 10 billion yuan (US$1.5 billion) worth of cryptocurrency bets. The gambling ring ran on the dark web and only accepted cryptocurrencies such as bitcoin, ethereum, and litecoin, according to Guangdong police. The gambling platform operated for 8 months. They had 330,000 …

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Looking at the crime industries today from the Godfather movie perspective

Crime does pay — and don’t ever let anyone tell you otherwise. According to a new report from Global Financial Integrity, transnational crime groups currently rake in an estimated $1.6 trillion to $2.2 trillion in annual revenue. Fear of the drug trade and other forms of cross-border crime have long been a focus for American lawmakers. “The …

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