Cybercriminals are getting smarter at ripping off unaware individuals on the internet by the day.
Online security researchers have recently uncovered a network made up of more than 11,000 domains that cybercriminals and scammers use to promote various fake investment schemes to European users of the internet, according to Bleeping Computer.
The researchers also cautioned that investments are never guaranteed to come without risk and that real investment platforms don’t offer account managers for small investments.
Investment Scam Domain Background Details
Researchers from Singapore-based online security company Group-IB revealed that its Computer Emergency Response Team (CERT-GIB) found a network infrastructure containing over 10,000 “rogue resources” for fake investment scams.
CERT-GIB found the resources to be similar to the ones targeting people living in North America and the Eurasian content.
For this investigation, the team found that the network is targeting people living in the European region, specifically the UK, Belgium, the Netherlands, Germany, Poland, Portugal, Norway, Sweden, and the Czech Republic.
As with any fake investment scheme, the network’s goal is to convince potential victims to “invest” in an opportunity for high-return investments through repeated payments.
How Does The Scheme Work?
To do so, scammers would first advertise the investment scam by creating fake investment ads on various social media networks such as YouTube and…
