Scam Phishing Network Costs Victims $80m Per Month

Scam Phishing Network Costs Victims $80m Per Month

Researchers have uncovered a sophisticated phishing campaign estimated to cost millions of global victims around $80m per month.

Security vendor Group-IB claimed the campaign targets users in over 90 countries, including the US, Canada, South Korea and Italy. It offers fake surveys and giveaways from popular brands, designed to steal their personal and financial data.

The firm said that a single network targets around 10 million victims and 120 brands.

“Fraudsters trap their victims by distributing invitations to partake in survey, after which the user would allegedly get a prize. Each such offer contains a link leading to the survey website. For ‘lead generation,’ the threat actors use all possible legitimate digital marketing means: contextual advertising, advertising on legal and completely rogue sites, SMS, mailouts, and pop-up notifications,” Group-IB explained.

“To build trust with their victims, scammers register look-alike domain names to the official ones. Less frequently, they were also seen adding links to the calendar and posts on social networks. After clicking the targeted link, a user gets in the so-called traffic cloaking, which enables cyber-criminals to display different content to different users, based on certain user parameters.”

While the victim is being

Read More: