Most concerning is that many of these scam websites share similar design elements and registration information pointing to Cyprus, suggesting a coordinated campaign by organized cybercriminals specifically targeting users’ credit card data through these deceptive recurring payment schemes. A sophisticated wave of subscription-based scams is sweeping across the internet, specifically designed to steal credit card information from unsuspecting users. Unlike traditional scams that aim for a one-time payment, these new subscription-based fraud schemes are designed to extract recurring payments from victims. What distinguishes these scams is the substantial investment cybercriminals have made in creating convincing fake storefronts that successfully bypass increasingly cautious consumers’ skepticism. Many of these fake advertisements direct users to websites with professionally designed interfaces and seemingly legitimate product offerings. With years of experience under his belt in Cyber Security, he is covering Cyber Security News, technology and other news. ANY.RUN, a leading cybersecurity firm, has released its Q1 2025 Malware Trends Report, offering critical insights into the dynamic cyber threat landscape. Cyber Security News is a Dedicated News Platform For Cyber News, Cyber Attack News, Hacking News & Vulnerability Analysis. “As people grow more cautious and cyber-aware, scammers are stepping up their game,” note Bitdefender analysts in their recent report. The scammers heavily leverage social media platforms, particularly Facebook, where they deploy targeted advertisements impersonating legitimate brands or content creators. Tushar is a Cyber security content editor with a passion for creating captivating and informative content. These fraudulent operations have evolved beyond simple phishing attempts, now employing complex psychological tactics and convincing digital storefronts to lure victims. The scams masquerade as legitimate e-commerce sites selling everything from clothing and electronics to beauty products, but with a dangerous hidden agenda. They typically begin with an enticing offer – a heavily discounted product or a “mystery box” containing supposedly valuable items for just a few dollars. However, buried in fine print during the checkout process is the real trap: an agreement to recurring subscription charges that can amount to significant sums every two weeks. For example, one site advertises: “Buy at member price and get FREE access to the best prices in Europe with an account top-up of 44.00 EUR/every 14 days.
This Cyber News was published on cybersecuritynews.com. Publication date: Fri, 02 May 2025 13:15:12 +0000