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Showing posts with label Cyber Fraud.. Show all posts

Amazon Handbook Warns About Online Shopping and Delivery Box Scams

 

Online shopping has become the new norm with millions of people shopping through online platforms like Amazon and Flipkart. Unfortunately, online shopping comes with its own set of risks as frauds and scammers always look for ways to take advantage of people who shop online. Fake websites, false delivery packages, payment frauds and ‘too-good-to-be-true’ deals are some of the methods used by fraudsters. 

Amazon’s new consumer handbook created by Safer Internet India aims to provide online shoppers with information that can help protect them against online frauds and scams. The book highlights some of the key online shopping scams that are currently affecting shoppers. It provides a vital reminder that shopping online involves many risks and consumers need to be wary of the various online scams that they might stumble upon.  

According to the article, one of the scams highlighted in the book is the Delivery Box scam. When customers shop on e-commerce sites like Amazon or Flipkart, the products they purchase usually come in a box with delivery information. According to the new book, the delivery box usually has the customer’s personal information including their names, email address, telephone number and sometimes the item that has been delivered. After removing the item from the box, many customers usually throw away the box without removing the personal information on the delivery label.

According to the report, fraudsters usually collect discarded delivery boxes with personal information and use the information to contact the customers. The fraudster pretends to be a delivery executive and informs the customer that they need their feedback on the product they purchased. The fraudster further explains that the customer stands to receive a discount of 10% or more if they click on a link provided to give feedback. According to the article, the link provided by the scammer contains malware which infiltrates the customer’s device and gathers private information including banking credentials. 

The article informs consumers that they should consider using a sharp object like a knife to scratch off personal information on delivery packaging before throwing the box away. Alternatively, they could use a permanent marker to mask vital information on the delivery box. The Identity Protection Roller Stamp ID could also be considered to protect personal information. 

Moreover, consumers should be wary of random discount offers and avoid clicking on links provided by unknown individuals or entities. The consumer handbook and warning on Delivery Box scams can help shoppers identify online frauds and protect themselves from falling victim to online scams.

How Content Abuse is giving rise to online Frauds, explains SIFT


A report from Sift on 'Content Abuse and the Fraud Economy' explores the rising arena of online frauds and content abuse in 2020, detailing how content abuse tricks users for falling for the fraud and giving it an air of legitimacy.


The report also exposes a fraud ring in Russia that tested credit cards and wallets on e-commerce websites and posted false content.

Content Abuse 

The data used in the report came from 34,000 sites and with a survey of over 1000 users by Sift on Content Abuse.

Understanding the "Fraud Supply Chain: A Network of Content Abuse, Account Takeover (ATO) and Payment Fraud" -

As a market works on a proper chain of demand and supply similarly these fraud rings have a proper network where content abuse works as a bridge between Payment fraud and account takeover.

Account Takeover exposes financial credentials and includes stolen cards and debits or wallets that can be used for performing payment fraud whereas content abuse works as a cushion and bridges account takeover and payment fraud. It convinces users to share details or send money through fake messages, reviews, phishing, or romance scams. Payment fraud then is the goal of the above two where buying and selling could occur via the cards and info collected by Account Takeover and Content Abuse.

 According to the report fake content can be found in plenty on the Internet and the numbers are shocking. Consumers find 70% of content on social media fake, 40% on classified, 21% on travel sites, and 15% on Job Boards.

 The Bargaining Bear

Sift's data science team in June also discovered a fraud ring on an e-commerce market place that exploited account takeover and content abuse to check the credentials of stolen debit cards and wallets to see if they worked and how much were they worth.

 "To test dozens of stolen cards, they “sold” the items to each other, after “haggling” those prices down to $1.00 USD— a typical price used to test hijacked payment details. Each listing was uncharacteristic for this marketplace, purchased on the same day, and included several fake reviews to strengthen the appearance of authenticity.", stated the report. 

 The team working from Russia, made various sellers profiles (with the same IP address) and sold stuff at cheap prices and bought the materials themselves leaving fake content listings that gave a legitimate reputation to the seller for easy card testing.