Fraud Alert: ERIAKOS Scammers Duping Shoppers with Fake Retail Websites
Researchers have exposed ‘ERIAKOS,’ a fraudulent network of over 600 fake e-commerce sites. These scams lured victims with Facebook ads, stole their payment info, and sold it on the dark web.
Hot Take:
Well, isn’t this a real-life game of Whac-A-Mole? Just when you think you’ve smashed one scam site, another one pops up to steal your credit card info. It’s like a never-ending carnival of fraud, except you’re the one getting fleeced.
Key Points:
- Researchers discovered over 600 fake websites posing as legitimate online stores.
- The scam, dubbed ‘ERIAKOS’, primarily impersonated two popular brands.
- Ads on Facebook lured users with high discounts and time-sensitive deals.
- Scam sites were accessible only via mobile devices or Facebook ad links.
- Stolen payment details were sold on dark web marketplaces.
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