March Madness bettors face new threats online: "It's peak season for scams" [CBS News]

TransUnion (TRU)
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Source: CBS News
Fans will wager an estimated $3.1 billion during March Madness alone, and experts warn that families are prime targets for scams. Kevin Gosschalk, CEO of cybersecurity firm Arkose Labs, explains that while betting at casinos carries inherent risk, online gambling presents even greater dangers. "We're in March Madness, so it's peak season for scams, fake websites, and fake apps being set up to lure you to put money into them, claiming you're going to win big," Gosschalk said. "And then of course it's a rug pull — there's no money to be gained." Online gaming platforms topped the list for suspected digital fraud in the U.S. in 2023, with TransUnion flagging nearly 11% of transactions. Ricardo Rivera learned this lesson the hard way. After years of gaming
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News
- Rise of 'wrong number' text messages is a new payday for scammers [MSNBC.com]MSNBC.com
- Receiving odd texts for someone else? Rise of 'wrong number' messages is new payday for scammers. [MSNBC.com]MSNBC.com
- TransUnion (NYSE: TRU) had its price target lowered by analysts at Stifel Nicolaus from $120.00 to $112.00. They now have a "buy" rating on the stock.MarketBeat
- TransUnion (NYSE: TRU) had its price target raised by analysts at Oppenheimer Holdings Inc. from $93.00 to $96.00. They now have an "outperform" rating on the stock.MarketBeat
- Investors Lost $5.8B to Cryptocurrency Scams Last Year. Here's How to Keep Your Money Safe [CNET News]CNET News
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