Hustlers rule the internet
The Citizen|September 25, 2024
US alone lost about 50 billion last year to online scams.
Suleman Lazarus & Mark Button
Hustlers rule the internet

WEST AFRICA: ACADEMIES TRAIN SWINDLERS.

As the world becomes increasingly connected, digital fraud has evolved from a local problem into a global one.

West Africa, particularly Ghana and Nigeria, is witnessing the rise of "hustle kingdoms" - informal academies that train individuals to carry out digital scams.

The term "hustle kingdoms" originated from online scammers themselves, used to describe their training centres. The hustle kingdoms operate both online and offline, blending virtual training with in-person sessions.

Real-life scams linked to "graduates" of these academies include scams such as online romance fraud and business e-mail compromise scams. Similar set-ups existed in the 1980s and 1990s under the name "business centres".

Back then, a "chairman", typically a university graduate or dropout, would rent an office, hire a secretary and recruit junior scammers or "boys". Their task was to target victims worldwide via postal letters, telephone calls and faxes. The "chairman" provided funding and logistics while trainees honed their scamming skills.

These academies, once local training hubs, have evolved into global threats.

This story is from the {{IssueName}} edition of {{MagazineName}}.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

This story is from the {{IssueName}} edition of {{MagazineName}}.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MORE STORIES FROM THE CITIZENView all
Kriel's Springbok dream is still alive
The Citizen

Kriel's Springbok dream is still alive

Bulls utility back David Kriel's dream of playing for the Springboks is still alive and kicking as he targets another strong season for his franchise in the United Rugby Championship (URC) and Champions Cup.

time-read
2 mins  |
October 05, 2024
Proteas wrap up ODI series in style
The Citizen

Proteas wrap up ODI series in style

Middle-order batter Tristan Stubbs made an international breakthrough yesterday, compiling his maiden century as the Proteas men's team closed out a superb day for South Africa's national cricket sides.

time-read
1 min  |
October 05, 2024
Broos is at ease with PSL stance
The Citizen

Broos is at ease with PSL stance

Bafanal Bafana head coach Hugo Broos has praised the Premier Soccer League for allowing him more time to prepare his squad for their two 2025 Africa Cup of Nations Group K qualifiers against Congo-Brazzaville.

time-read
1 min  |
October 05, 2024
Bayern visit bogey side Frankfurt
The Citizen

Bayern visit bogey side Frankfurt

Bayern Munich travel to bogey side Eintracht Frankfurt tomorrow looking to rebound having dropped points twice in the space of a week.

time-read
1 min  |
October 05, 2024
Valjalo on home turf to defend title
The Citizen

Valjalo on home turf to defend title

The date has been set for South Africa's premier Skateboarding contest where the country's best skaters will battle it out to see who will be crowned event champions.

time-read
2 mins  |
October 05, 2024
Muzi ready for Kranji challenge
The Citizen

Muzi ready for Kranji challenge

Joburg Spring Challenge races have attracted top fields.

time-read
7 mins  |
October 05, 2024
Stories from the dot-com era
The Citizen

Stories from the dot-com era

Some compare the high prices of today’s tech giants to the pricing in the stock market back then.

time-read
3 mins  |
October 05, 2024
The Citizen

'We don't want to die'

Over 1000 people killed and hundreds of thousands more flee their homes.

time-read
2 mins  |
October 05, 2024
Heart of nation at stake
The Citizen

Heart of nation at stake

Can a pledge to protect reproductive rights help Kamala Harris become the first woman to win the White Abortion has never been so close to the heart of an American presidential election, but this is the first to be held after access to the procedure was banned or restricted across much of the country, following a landmark Supreme Court ruling.

time-read
2 mins  |
October 05, 2024
Kim ‘ready to nuke all'
The Citizen

Kim ‘ready to nuke all'

North Korean leader Kim Jong-un said his country would use nuclear weapons \"without hesitation\" if attacked by the South and ally the United States, state media reported yesterday.

time-read
2 mins  |
October 05, 2024