May 8, 2024 at 10:53AM
A massive network of 75,000 fake online shops named ‘BogusBazaar’ based in the US and Europe scammed over 850,000 victims, aiming to process $50 million in fake orders. Stolen credit card details were also sold on dark web markets. The operation, with a Chinese base, features decentralized operations and malicious WooCommerce plugins for stealing money and data.
The meeting notes provide comprehensive information about the elaborate cybercrime operation known as ‘BogusBazaar’. It details how the criminals operate through a vast network of fake webshops, attempt to steal credit card information, and resell stolen details on the dark web. The operation’s organization, infrastructure, and functionality have been outlined, along with specific suggestions provided in the notes for individuals to confirm webshop legitimacy.
Based on the meeting notes, the key takeaways include:
– BogusBazaar has orchestrated a large-scale cybercrime operation involving over 22,500 active fake webshops, predominantly targeting consumers in the US and Western Europe.
– The operation is highly organized, featuring distinct teams with dedicated roles, and operates under an ‘infrastructure-as-a-service’ model.
– The criminals use previously expired domains with good reputations and typically mimic the sale of shoes and clothing at low prices to attract victims.
– Detailed guidance is provided for consumers to verify the legitimacy of online shops and avoid falling victim to fraudulent practices.
It is apparent from the meeting notes that ‘BogusBazaar’ poses a serious threat to consumers, and there’s a need for proactive measures to educate and protect individuals from falling victim to such cybercriminal activities.