Instagram Phishing Scam Targets Russian Entrepreneurs

By Anthony Berrios

Blog #6

2/20/20

A new scam was found recently that specifically targeted Russian wanna be entrepreneurs by promising to send large amounts of money for an initial investment in hope to get money back to start their business. Around 200,000 people viewed these messages since the phishing campaign started. The hacker group even went as far to allegedly craft a fake presidential decree that promises payment amount for citizens willing to embark on their new business journey. Mulitple cyber experts have even gone on to say that the cyber criminals behind this campaign have put in a lot of time making their announcement look as legit as possible. In this process of receiving the money from unsuspecting people, the hackers also get access to the users card information when they pay them online. The scam uses a “registration” process where the user is asked to pay a fee of $5 before approving them to also provide more details like their number and payment card information. The hackers also were able to get real messages from actual news releases and televisions show that also proved the campaigns legitimacy.

This story is both said and mind boggling at the same time. The fact that hackers are creative enough to go to this great of a length to swindle money from unsuspecting future business owners is unfathomable. If this story interests you at all feel free to click on the picture link below to find out more information.

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