The Jersey Cyber Security Centre has issued a stern warning to people in Jersey regarding a clever cryptocurrency scam that is targeting the island's politicians and news organizations. This new cyber threat uses fake ads that look like real news articles, claiming that people can make a lot of money through a made-up cryptocurrency service called NovusX.
Matt Palmer, director of the JCSC, revealed that the criminal operation extends beyond Jersey's borders. "The same gang has systematically targeted similar scams in small jurisdictions, including the Isle of Man, Gibraltar, and South Africa," Palmer explained.
The scam's methodology involves creating persuasive fake news articles that leverage local credibility. In a previous iteration discovered in September, the perpetrators inappropriately used images of the bailiff and late journalist Gary Burgess to lend false authenticity to their fraudulent claims.
Palmer emphasized the persistent nature of these cyber threats. "It's likely that these types of scams will continue, even if the criminals change platforms or use different public figures," he warned.
To protect themselves, Jersey residents should remain vigilant and recognize key red flags:
- Advertisements making exaggerated or unrealistic financial claims
- Purported quotes from well-known figures that sound uncharacteristic
- Messaging that creates a false sense of urgency
- Content containing basic factual errors
The JCSC advises islanders to approach unsolicited financial opportunities with extreme caution, thoroughly verifying the legitimacy of any investment propositions before taking action.
As cyber criminals continue to evolve their tactics, community awareness and critical thinking remain the most potent defenses against such sophisticated fraud attempts.
Also read: Global HR scam: FIA to launch crackdown against online fraudsters
