Cybersecurity researchers at ReasonLabs have unearthed a massive global multi-million dollar fraudulent scheme, operating since 2019. The number of victims including major firms like Amazon Web Services, Mastercard, and Visa is in the range of tens of thousands.
Scammers methodology
The fraudsters employed two types of websites, dating sites and customer support portals. When visiting the alleged firm’s websites, the researchers identified that the corporate sites either didn’t exist or had fake email addresses. The sites, although operational, didn’t receive massive traffic and were ranked very low in Google Search results, as their motive wasn’t to lure individuals, but allegedly to serve as a money laundering gateway.
According to ReasonLabs cofounder and chief technology officer Andrew Newman, the domain structure and content of the websites were identical, indicating that were designed by automated tools. The customer support portals either use a fake identity or are created to impersonate real brands. <
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