A global credit card stealing operation has expanded to Singapore, according to details recently released by Group-IB security researchers. The operation, dubbed “Classicscam,” is a fully automated “scam as a service” platform that targets users of classifieds sites, banks, cryptocurrency exchanges, delivery companies, moving companies, and other types of service providers. It relies on Telegram channels (90 active right now) for promotion and operational coordination; since 2019 when it launched, it is estimated to have caused over $29 million in damages. According to Group-IB, the criminal network currently has 38,000 registered users who receive 75% of the stolen funds, while platform administrators receive 25%.
12 Essentials for a Successful SOC Partnership
As cyber threats continue to impact businesses of all sizes, the need for round-the-clock security