Cybercriminal Caper Crushed: US Shuts Down $28M Bank Scam Platform
The US has pulled the plug on web3adspanels.org, a cybercriminal’s dream platform for bank account break-ins. While users thought they were logging into legitimate banking sites, their passwords were spirited away. The FBI is onto them, but with $262 million in reported losses this year alone, it’s a digital wild west out there.
Hot Take:
Looks like the FBI just gave cybercriminals a lesson in SEO: Search Engine Outrage! Instead of finding fake banking websites, now they’re just finding a big ol’ Justice Department splash page. Somebody call the irony police!
Key Points:
- The US Justice Department shut down web3adspanels.org, a site used by cybercriminals for SEO poisoning attacks.
- Criminals bought top search engine slots to lure victims into entering credentials on fake banking sites.
- The FBI linked 19 victims to this scam, resulting in $14.6 million in actual losses.
- Overall complaints of this nature have caused over $262 million in reported losses in 2023 alone.
- The Justice Department hasn’t explained how criminals bypassed security measures like multi-factor authentication.
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