Cyber Police of Ukraine and CiscoExposed Bitcoin Phishing Scam of $50 Mln

New information has been released by the security analyst of Cisco regarding Bitcoin phishing that include website impersonating asBlockchain.info, the renowned online wallet.

The phishing scam of Coinhoarder was detailed by Dave Maynor and Jeremiah O'Connor. They said, Cisco in association with Ukraine's Cyberpolice has been inspecting in the previous 6 months. Over three-years time, those who are responsible for the scam has acquired $50 million digital money.

They wrote that, the campaign was extremely uncomplicated and after introductory setup the hackers required to keep buying Google AdWords to victimize huge people. Specific geographical zone has been targeted from this campaign and enables the hackers to store huge amount of revenue from victims via cryptocurrency theft. This campaign showed how attractive this type of malicious attacks could be for hackers.

By utilizing the domain names that intently looked like the same of the official wallet of blockchain.info and it appears in the Google Ads to represent it as real. The malicious websites look well designed to give it a real look apart from the domain name as uploaded on cointelegraph.com 15/02/2018.

Cisco's joint effort with the Ukrainian Cyber Police helped them recognize the hackers' BTC wallet zip code. About $10 mln separately was stolen during tracing the wallet's task from September to December 2017, Talos writes. After the revelation of this expansive scale phishing plan, Cisco started flagging the related domains as dubious and used DNS requests to discover and stop other domains to open by a similar registrant of the underlying site.

Talos closes their report with the record of the IP addresses related to the phishing scam, and also the way how to Cisco customers can protect themselves from the same type of threat. Working with Ukrainian law authorization organizations the analysts could recognize the Bitcoin wallet locations of the group and track their movement. Bleeping Computer, as well, has seen boosts in phishing campaign focusing on Blockchain.info in Dec. 2016 and Dec. 2017.

This is the time when visitors and cryptocurrency investor shod become careful in doing transactions. Being careful can stop these types of scam to happen.

» SPAMfighter News - 2/23/2018