Fake Bucks Unfriended: How Cyber Sleuths Exposed a $2M Counterfeit Scam on Social Media
CloudSEK’s STRIKE team just cracked a $2 million fake currency racket in India using facial recognition and GPS. Thanks to social media sleuthing, they exposed the counterfeiters peddling phony notes on Instagram and Facebook. Move over, CSI—there’s a new detective in town, and it’s in the cloud!
Hot Take:
Who would have thought that scrolling through Facebook and Instagram could lead you to a treasure trove of counterfeit cash? Kudos to CloudSEK’s STRIKE team for proving that sometimes, the biggest heists happen not with ski masks and getaway cars, but with smartphones and Wi-Fi connections!
Key Points:
- CloudSEK’s STRIKE team exposed a massive counterfeit currency operation in India worth over $2 million.
- Social media platforms like Facebook and Instagram were used for promoting and selling fake currency.
- Advanced digital forensics, including facial recognition and GPS data, were used to identify key players.
- The investigation revealed over 750 accounts and 410 phone numbers linked to fake currency sales.
- CloudSEK has provided its findings to law enforcement to aid in disrupting the criminal network.
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