Update, July 6, 2025: This story, originally published on July 5, has been updated with clarification regarding the differences between a ramp-and-dump scheme and a pump-and-dump scheme, following the new FBI warning of threat actors taking to social media and messaging apps to execute their fraudulent activities.
It has been, without any shadow of a doubt, a busy few days regarding Federal Bureau of Investigation warnings concerning cybercrime. On June 30, the FBI issued an alert for the aviation industry that attackers from the Scattered Spider ransomware group were shifting their attention to this industry sector. By July 2, that FBI warning had become a stark reality as Qantas confirmed it had fallen victim to a “cyber incident.” Now, the FBI has issued a public service advisory, as cybercriminals are using social media platforms and messaging apps to ta
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