HomesecurityInvestment scams on the rise - Thousands of fake sites

Investment scams on the rise - Thousands of fake sites

New data show that the online investment scams are on the rise constantly, after Internet security experts identified and blocked almost 13.000 fake investment domains platforms to more than 7,000 IPs in January 2024. This is an increase of 25% from December 2023.

investment fraud

According to Data of Federal Trade Commission (FTC), investment fraud was associated with losses of more than $4.6 billion in the United States in 2023.

Netcraft said these scams often use fake sites alleged investment platforms and attract victims through email, social media posts or misleading or deceptive Advertisements.

See also: Deepfake scam: How a fake conference call led to the theft of $25 million

In many cases, the scammers who call themselves "experts" or "economic analysts", advertise investment opportunities in social media and messaging applications. The scammers strike up a conversation with the victims, try to gain their trust and convince them that they can earn a lot of money. However, they are told that they must first deposit funds into an investment fund and then pay the money back. platform, which is false.

In addition, scammers send emails to lure victims, promising big profits. The emails contain links leading to fraudulent websites that look like legitimate investment platforms. However, there are red flags, including unrealistic ROI promises and bizarre investment schemes.

In addition, fraudsters can combine investment fraud with advance fee fraud.

See also: Instagram: the scammers' paradise

Presenting economic tables and using various economic indicators manipulation techniques, fraudsters create the illusion of legitimate commercial activity to lure victims and steal their money.

Regardless of the tactics adopted, once the victim invests a lot and attempts to withdraw a large amount of funds, the site operator or account manager will provide excuses to explain why this is not possible“, wrote η Netcraft. “Eventually, the communication will stop completely, leaving the victim with empty pockets“.

fake investment platforms

The survey underlines the need for enhanced cybersecurity measures and increased awareness of the fight against the spread of online investment scams.

Identifying online investment fraud requires update and caution. Firstly, it is important to always check the credibility of the organisation or investment platform. This can be done by looking for details of the company, such as its license and customer reviews.

See also: Savvy Seahorse: uses DNS CNAME records for scams

Second, beware of excessively high yields. The scams often use promises of unusually high profits to lure victims. If something seems too good to be true, it probably isn't.

Thirdly, it is important to be careful with the unexpected investment proposals. Fraudsters often use email or social networks to contact potential victims.

Finally, it is important to do not be pressured to make quick decisions. Scammers often try to pressure victims to invest quickly without giving them the opportunity to investigate the investment.

Source :

Digital Fortress
Digital Fortress
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