New Investment Scam Leverages AI, Social Media Ads to Target Victims Worldwide
Briefly

ESET highlights that the main goal of fraudsters is to lead victims to phishing websites and forms that harvest their personal information. This manipulation is often executed via sophisticated ads and AI-generated testimonials.
The Nomani scam, which has seen a remarkable growth of over 335% from H1 to H2 2024, is marked by the proliferation of fake profiles, often linked to small businesses or governmental entities that lend legitimacy to the fraudulent posts.
Nomani attacks are notably insidious, using Europol and INTERPOL-related lures to ensnare previous scam victims, thus perpetuating a cycle of fraud and exploitation inherent in social media platforms.
Cybercriminals are cleverly masking their phishing domains with logos and branding from legitimate organizations, and often presenting deceptive cryptocurrency management solutions to lure in victims.
Read at The Hacker News
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