BogusBazaar Online Retail Scam, $10m for LockBitSup’s Name, Storm-0539 Gift Card Phishing The Daily Decrypt
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In today's episode, a massive fraud ring operating as 'BogusBazaar' managed to deceive over 850,000 people in the US and Europe, stealing credit card information through over 22,500 fake webshops. Meanwhile, the FBI has issued warnings about the financially motivated hacking group Storm-0539 targeting retail companies through sophisticated phishing attacks, aimed at stealing employees' login credentials to generate fraudulent gift cards. Also, the US Department of Justice charged Russian national Dmitry Yuryevich Khoroshev as the alleged leader of the LockBit ransomware group, involved in extorting at least $100 million from over 2,000 victims worldwide. Original URLs for further reference: https://www.bleepingcomputer.com/news/security/massive-webshop-fraud-ring-steals-credit-cards-from-850-000-people/, https://www.bleepingcomputer.com/news/security/fbi-warns-of-gift-card-fraud-ring-targeting-retail-companies/, https://krebsonsecurity.com/2024/05/u-s-charges-russian-man-as-boss-of-lockbit-ransomware-group/
tags: BogusBazaar, online shops, consumers, webshop fraud
search phrases:
online shop scams
protect from webshop fraud
verify online shops legitimacy
avoiding credit card theft
Storm-0539 hacker group
phishing attacks prevention
fraudulent gift cards warning
defending against hacking group Storm-0539
Dmitry Yuryevich Khoroshev charges
LockBit ransomware impact
May9
A sprawling network of over 75, 000 fake online shops called Bogus Bazaar has scammed over 850, 000 victims in the U. S. and Europe, resulting in the theft of credit card information and the attempted processing of over 50 million in fake orders.
How can you, as a consumer, protect yourself against these fake online shops?
Retail companies in the United States are being targeted by the financially motivated hacker group Storm0539,
who is using advanced social engineering and phishing tactics to infiltrate gift card departments in order to create fraudulent gift cards.
It's a tale as old as time, but how can you protect yourself against these social engineering attacks?
And finally, the FBI wasn't bluffing with WHOISLOCKBITSUP, dimitri Korochev has been charged as the boss of the LockBit ransomware group, extorting over 100 million in ransom from over 2, 000 victims, including small businesses, hospitals, and government agencies.
You're listening to The Daily Decrypt.
Alright, I don't know about you, but it seems like I can't scroll on any social media for more than two minutes without getting bombarded by ads for online retailers.
And a lot of the products they sell look great and are like specifically targeted towards me and I catch myself clicking on them quite often.
And the sites that I get redirected to look pretty good. If it was five to 10 years ago, I would definitely be buying these products from these sites. But now the internet is flooded with these fake scam sites with products that don't even exist
that are just trying to get a hold of your credit card information.
As a matter of fact, there's a network of over 75,000 fake online shops named Bogus Bazaar that has scammed over 850,000 individuals.
These individuals were just like me, except they went through with these purchases.
Which resulted in them losing their credit card information,
as well as placing orders in total of over 50 million dollars.
Now, the stolen credit card credentials were sold on the dark web, which enables other threat actors to conduct unauthorized online purchases with the compromised card numbers. Now, if you catch it in time, your credit card company will reimburse you, but that does take a lot of monitoring and maybe they're gonna charge you for a dollar or two dollars and you might not even notice, but across enough credit cards, they're gonna get their money's worth.
And after looking at the geography area of the victims, which is primarily the United States and Western
In today's episode, a massive fraud ring operating as 'BogusBazaar' managed to deceive over 850,000 people in the US and Europe, stealing credit card information through over 22,500 fake webshops. Meanwhile, the FBI has issued warnings about the financially motivated hacking group Storm-0539 targeting retail companies through sophisticated phishing attacks, aimed at stealing employees' login credentials to generate fraudulent gift cards. Also, the US Department of Justice charged Russian national Dmitry Yuryevich Khoroshev as the alleged leader of the LockBit ransomware group, involved in extorting at least $100 million from over 2,000 victims worldwide. Original URLs for further reference: https://www.bleepingcomputer.com/news/security/massive-webshop-fraud-ring-steals-credit-cards-from-850-000-people/, https://www.bleepingcomputer.com/news/security/fbi-warns-of-gift-card-fraud-ring-targeting-retail-companies/, https://krebsonsecurity.com/2024/05/u-s-charges-russian-man-as-boss-of-lockbit-ransomware-group/
tags: BogusBazaar, online shops, consumers, webshop fraud
search phrases:
online shop scams
protect from webshop fraud
verify online shops legitimacy
avoiding credit card theft
Storm-0539 hacker group
phishing attacks prevention
fraudulent gift cards warning
defending against hacking group Storm-0539
Dmitry Yuryevich Khoroshev charges
LockBit ransomware impact
May9
A sprawling network of over 75, 000 fake online shops called Bogus Bazaar has scammed over 850, 000 victims in the U. S. and Europe, resulting in the theft of credit card information and the attempted processing of over 50 million in fake orders.
How can you, as a consumer, protect yourself against these fake online shops?
Retail companies in the United States are being targeted by the financially motivated hacker group Storm0539,
who is using advanced social engineering and phishing tactics to infiltrate gift card departments in order to create fraudulent gift cards.
It's a tale as old as time, but how can you protect yourself against these social engineering attacks?
And finally, the FBI wasn't bluffing with WHOISLOCKBITSUP, dimitri Korochev has been charged as the boss of the LockBit ransomware group, extorting over 100 million in ransom from over 2, 000 victims, including small businesses, hospitals, and government agencies.
You're listening to The Daily Decrypt.
Alright, I don't know about you, but it seems like I can't scroll on any social media for more than two minutes without getting bombarded by ads for online retailers.
And a lot of the products they sell look great and are like specifically targeted towards me and I catch myself clicking on them quite often.
And the sites that I get redirected to look pretty good. If it was five to 10 years ago, I would definitely be buying these products from these sites. But now the internet is flooded with these fake scam sites with products that don't even exist
that are just trying to get a hold of your credit card information.
As a matter of fact, there's a network of over 75,000 fake online shops named Bogus Bazaar that has scammed over 850,000 individuals.
These individuals were just like me, except they went through with these purchases.
Which resulted in them losing their credit card information,
as well as placing orders in total of over 50 million dollars.
Now, the stolen credit card credentials were sold on the dark web, which enables other threat actors to conduct unauthorized online purchases with the compromised card numbers. Now, if you catch it in time, your credit card company will reimburse you, but that does take a lot of monitoring and maybe they're gonna charge you for a dollar or two dollars and you might not even notice, but across enough credit cards, they're gonna get their money's worth.
And after looking at the geography area of the victims, which is primarily the United States and Western