FBI, Google And Black Lotus Labs Take Down Chinese Based Phishing As A Service Operation

It has been reported that in a coordinated effort, the FBI, working with Google and Black Lotus Labs, has dismantled a massive Chinese phishing-as-a-service operation called Outsider Enterprise with thousands of phishing websites used to steal credit card data and passwords.

You can find the full story here: https://www.bleepingcomputer.com/news/security/fbi-disrupts-massive-ai-powered-phishing-service-using-a-million-urls/

Commenting on this is Paul Bischoff, Consumer Privacy Advocate at Comparitech:

“Outsider Enterprise was dismantled, but no one was arrested, and only a hundred thousand dollars was recovered out of the billions it stole. What’s notable here is that there was no involvement with Chinese authorities. Until we have stronger international cooperation and enforcement, nothing is stopping these scammers from rebuilding and committing more crimes. This is especially true for adversarial countries like China and Russia, from which we cannot extradite criminals. Scammers and other cybercriminals can operate from those countries with impunity, so long as they don’t attack domestic targets.”

While this is positive, there needs to be much more of this sort of thing. This has to be unprofitable for threat actors, which will make them stop what they’re doing.

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