November 17, 2021
Business

Group-IB reveals detailed B2C and B2B scam themes in the Middle East

Group-IB is a Singapore-based global threat hunting and adversary-centric cyber intelligence company that specializes in investigating and preventing hi-tech cybercrimes.

It recently revealed an ongoing large-scale scam campaign, exploiting popular brands, targeting the MEA region,

It said that nearly 140 famous brands from at least 16 Arabic-speaking countries including Egypt, Saudi Arabia, and the UAE, were exploited by scammers who created fake pages with giveaways or prize draws, purported to be launched by well-known organizations, to steal user personal information and payment data. 

The majority of brands exploited in the scheme (34.8%) belong to the telecommunications industry, while 10.4% account for public service and 9.6% for retail. Other industries that are affected by the scheme include entertainment, fast food, automotive, electronics, oil and gas sectors, and banking…

Read full article here: www.ameinfo.com