{"id":56019,"date":"2024-05-08T23:22:08","date_gmt":"2024-05-08T23:22:08","guid":{"rendered":"https:\/\/www.threatshub.org\/blog\/what-do-europeans-americans-and-australians-have-in-common-scammed-50m-by-fake-e-stores\/"},"modified":"2024-05-08T23:22:08","modified_gmt":"2024-05-08T23:22:08","slug":"what-do-europeans-americans-and-australians-have-in-common-scammed-50m-by-fake-e-stores","status":"publish","type":"post","link":"https:\/\/www.threatshub.org\/blog\/what-do-europeans-americans-and-australians-have-in-common-scammed-50m-by-fake-e-stores\/","title":{"rendered":"What do Europeans, Americans and Australians have in common? Scammed $50M by fake e-stores"},"content":{"rendered":"

A crime ring dubbed BogusBazaar has scammed 850,000 people out of tens of millions of dollars via a network of dodgy shopping websites.<\/p>\n

Victims in Western Europe, Australia, and America were tricked by these sham sites into placing orders for goods that either didn’t exist or were cheap knock-offs, and had their credit card details harvested for fraud to boot.<\/p>\n

The crooks behind the caper bagged roughly $50 million in the past three years from fake online stores spanning 22,500 domains, according to a report<\/a> by analysts at SRLabs this week.<\/p>\n

\n

The fraudsters managed to evade the attention of the law enforcement despite earning millions<\/p>\n<\/blockquote>\n

“The operation of fraudulent webshops is a seemingly small but well-organized crime,” Matthias Marx, a security consultant at SRLabs, told The Register<\/em>.<\/p>\n

“As each fraud case has a relatively low volume, the fraudsters seem to have managed to evade the attention of the law enforcement authorities despite earning millions.”<\/p>\n