Remove Cryptocurrency Remove eCommerce Remove Social Engineering
article thumbnail

Pay it safe: Group-IB aids Paxful in repelling a series of web-bot attacks

Security Affairs

Group-IB assisted Paxful, an international peer-to-peer cryptocurrency marketplace, in countering web-bot and social engineering attacks. They are a big headache for eCommerce businesses today, with cybercriminals using them to steal money, brute-force user credentials or carry out DDoS attacks.

article thumbnail

Cybercriminals Implemented Artificial Intelligence (AI) for Invoice Fraud

Security Affairs

Resecurity has uncovered a cybercriminal faction known as “ GXC Team “, who specializes in crafting tools for online banking theft, ecommerce deception, and internet scams. Utilizing AI-driven bots for advanced social engineering techniques. Decision-making and automation of cybercriminal operations.

article thumbnail

Chinese fraudsters: evading detection and monetizing stolen credit card information

CyberSecurity Insiders

One method is to directly purchase cryptocurrency or gift cards through websites using stolen credit card information, which is popular for U.S. Another method is to purchase products on an eCommerce site using stolen credit card information and have a domestic collaborator receive the products.