Trend and Emerging Types of 419 Scams

08/23/2023
by   Polra Victor Falade, et al.
0

Technological advancements have revolutionized various aspects of human life, facilitating communication, business operations, healthcare, education, and environmental monitoring. However, this increased reliance on technology has also led to a surge in cybercrime, including cyber scams. The "419 scam" or Nigerian scam has been a persistent problem for decades, encompassing frauds like advance fee scams, fake lotteries, and black money scams. Initially prevalent through postal mail and later via fax, the scam has now transitioned to email. This study aims to identify recent types of 419 scam emails, particularly after the covid 19 pandemic, and explore commonly used email subjects. Analysis of the sample 419 scam emails revealed trending scams like lucky winner, threat of exposure, business/partnership proposals, investment, cancer/long-term illness, fund, and compensation scams. Emerging scams included COVID-related, cryptocurrency, marketing contact, and software development scams. Irrespective of the scam type, scammers commonly employed email subjects such as 'Re', 'Good day', 'Greetings', 'Dear friend', 'Confirm', 'Attention', and 'Hello dear'. The severity of cybercrime, especially the 419 scams, cannot be overstated, as it erodes trust, causes financial losses, and hampers Nigeria's reputation and economic progress. Combatting cyber scams and enhancing cybersecurity measures are crucial to protect individuals and organizations from falling victim to these fraudulent schemes.

READ FULL TEXT
research
06/21/2020

Cyber Security in the Age of COVID-19: A Timeline and Analysis of Cyber-Crime and Cyber-Attacks during the Pandemic

The COVID-19 pandemic was a remarkable unprecedented event which altered...
research
11/17/2022

Towards Effective Cybercrime Intervention

Cybercrimes are on the rise, in part due to technological advancements, ...
research
01/16/2021

Visual Analytics approach for finding spatiotemporal patterns from COVID19

Bounce Back Loan is amongst a number of UK business financial support sc...
research
08/11/2020

The Data that Drives Cyber Insurance: A Study into the Underwriting and Claims Processes

Cyber insurance is a key component in risk management, intended to trans...
research
08/30/2023

Exploring Cybercriminal Activities, Behaviors and Profiles

While modern society benefits from a range of technological advancements...

Please sign up or login with your details

Forgot password? Click here to reset