Netcraft has published its new research following the recent release of the FBI’s 2023 IC3 Report, which revealed that investment fraud was the costliest type of crime, with losses rising to $4.57 billion in 2023, a 38% increase from the previous year.
Netcraft’s newest report reveals it detected and blocked almost 13,000 fake investment platform domains across more than 7,000 IPs, the highest number since they began tracking these platforms independently and 25% more than in December when compared to January alone.
The Netcraft research delves into how cybercriminals behind these scam websites find their victims, operate fake trading platforms, use social engineering tactics, and eventually trick victims into depositing significant amounts of money. Cybercriminals often depend on sophisticated fraudulent investment websites that use fake trading platforms to lure victims through email, social media posts, or counterfeit ads. Netcraft’s report includes a real-world example of a WhatsApp invitation to join an investment group that promises to teach you how to earn huge profits in the cryptocurrency market and emails containing links to fake investment platforms, which offer tiered accounts and promise unrealistic ROI.
You can read the report here.
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This entry was posted on March 13, 2024 at 9:00 am and is filed under Commentary with tags Netcraft. You can follow any responses to this entry through the RSS 2.0 feed.
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New Online Investment Scams: Fake Trading Platforms Exploit Victims Using Email, Social Media, Ads
Netcraft has published its new research following the recent release of the FBI’s 2023 IC3 Report, which revealed that investment fraud was the costliest type of crime, with losses rising to $4.57 billion in 2023, a 38% increase from the previous year.
Netcraft’s newest report reveals it detected and blocked almost 13,000 fake investment platform domains across more than 7,000 IPs, the highest number since they began tracking these platforms independently and 25% more than in December when compared to January alone.
The Netcraft research delves into how cybercriminals behind these scam websites find their victims, operate fake trading platforms, use social engineering tactics, and eventually trick victims into depositing significant amounts of money. Cybercriminals often depend on sophisticated fraudulent investment websites that use fake trading platforms to lure victims through email, social media posts, or counterfeit ads. Netcraft’s report includes a real-world example of a WhatsApp invitation to join an investment group that promises to teach you how to earn huge profits in the cryptocurrency market and emails containing links to fake investment platforms, which offer tiered accounts and promise unrealistic ROI.
You can read the report here.
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This entry was posted on March 13, 2024 at 9:00 am and is filed under Commentary with tags Netcraft. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.