Scammers take advantage of Ramadan: Reports show an increase in phony charity and cryptocurrency offers while Muslims observe fasts.

The most recent research claims that as Muslims observe fasting throughout Ramadan, cybercriminals are on the prowl, with a startling increase in cryptocurrency and e-commerce scams.

According to the article, thieves are taking advantage of the fact that devout Muslims donate to organizations throughout Ramadan.

Since Ramadan is associated with kindness and almsgiving, it is a popular target for bad actors. According to a report from CloudSEK, an AI-driven cybersecurity company, "Cybercriminals are using religious sentiments to defraud unwary donors and investors into fraudulent schemes, drain digital wallets, and steal sensitive financial information."