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New Bitcoin Scam Targets Adult Content Lovers

With the proliferation of pornographic contents online, viewers watch it en-masse to satisfy their diverse and disperse desires. However, scammers have recently developed a new way to blackmail unsuspecting victims that they have their footage recorded on their webcam while watching and can make it go away, only if they pay them in Bitcoin, to a designated address.

Another Day, Another Scam

A new scam has begun targetting porn viewers in an attempt to blackmail the victims and extort them of $1,900, and they only accept Bitcoin. The scammers claim to have footage of the victim while watching the pornographic content through their webcam while playing. The scam email sent to the victim begins by revealing the password of the victim, presumably obtained from a company data breach as proof that they are sure of their dealings, and that they have been hacked. The email will state that a remote desktop has been installed on the victim’s computer, enabling the scammers to access and record videos, and also access the victims contact database, they will now threaten to release the footage to the victims’ contacts, which includes family, friends and colleagues, if not well paid.
It is, however, important to note that the Email is Normally vague on the details about the porn sites that one may have visited. Additionally, the email does not say that it can prove that the footage does exist. Though the fact that the people behind the latest scam are only using it to embarrass the victim means that the threat might not be real. The scam email will further go on that the victim will have to pay $1,900 to a specific BTC address as the price for keeping the footage secret.

But why Bitcoin?

The anonymous nature of the currency and the ease at which it can be transferred into private currencies like Monero or Zcash, before being laundered makes it the preferred method in online extortion schemes.
The U.K National Fraud and Cyber Crimes Report Center, Action Fraud has not been able to pinpoint the syndicate behind this latest scam, but they urge residents to be careful and not fall, a victim, because they will be targeted, over and over again, if they fall prey to these cyber-attackers.
The agency confirmed that the most data available to the criminals are gotten through various data breaches and urge firms to be security conscious and try to keep the data of their clients safe and secure at all times. Other methods being used by the scammers involves urging victims to pay to e-commerce or marketplace or to make gift card payments, which according to Professor Emin Sirer of Cornell University is called Cryptoblackmail. However, the don has advised people not to fall for the scam.

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