Scammers Steal $80 million Monthly Via Fake Giveaways

Share post:

In a recent report by Group-IB, security researchers uncovered scam campaigns that cart away an estimate of $80 million monthly from 10 million people in 91 countries.

The scammers managed this dubious trick by faking popular brands and encouraging unsuspecting users to take part in fake surveys or giveaways.

The researchers found that there are now 60 known fraud networks that use targeted links in their campaigns while impersonating 121 brands in fake giveaways.

In order to get people to participate in their nefarious activities, the scammers target their victims in a variety of ways, including context-based advertising, advertising on legal and wholly dishonest websites, posts on social media, forum posts, text messages, malicious and pop-up notifications.

The main purpose of reaching people through these strategies is to direct them to scam sites that are clones of the official sites of the impersonated brands.

Although the researchers did not mention any brand name, they carefully identified fake surveys and giveaways impersonating Google, Target, Amazon, Microsoft and others.

For more information, read the original story in BleepingComputer.

SUBSCRIBE NOW

Related articles

Cyber Security Today, May 3, 2024 – North Korea exploits weak email DMARC settings, and the latest Verizon analysis of thousands of data breaches

This episode reports on warnings about threats from China, Russia and North Korea, the hack of Dropbox Sign's infrastructure

Hashtag Trending for World Password Day, Thursday, May 2nd, 2024

Security firm Okta warns of an unprecendented password stuffing attack that is piggybacking on regular user’s mobile and...

Google Chrome’s new post-quantum cryptography causes connection issues

The latest update to Google Chrome, version 124, which integrates a new quantum-resistant encryption mechanism, has led to...

UK legislation bans weak passwords

Starting Monday, the UK will enforce new laws banning the sale of devices with weak default passwords such...

Become a member

New, Relevant Tech Stories. Our article selection is done by industry professionals. Our writers summarize them to give you the key takeaways