Similarly as authentic organizations have needed to make significant changes in accordance with the real factors of COVID-19. The cybercriminal underground economy has additionally needed to remain agile. Indeed, a new dark web report from Digital Shadows’ Photo Research. Team shows that some hacking forum members are in a struggle to keep their cybercriminal operations afloat. While others see new opportunities to scam the public.
Among the hardest hit cybercriminal operations are travel- and event-related fraud. Bank fraud schemes that require a drop network of money mules, and “carded goods” scams that rely on Amazon warehousing services for distribution, the Digital Shadows report states.
But on the bright side for cybercriminals, a drastic increase in online browsing and shopping activity opens the door to online carding schemes and malware distribution. Separate research from TransUnion — released late last March — appears to back up this notion. In a press release, the company noted a 23 percent increase in global e-commerce transactions in the week following the World Health Organization’s March 11 COVID-19 pandemic declaration. And in a TransUnion survey of 1,068 American adults, 22 percent of respondents said they were targeted by digital fraud related to COVID-19.
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