New Investment Scam Leverages AI, Social Media Ads to Target Victims Worldwide
Dec 16, 2024
Cryptocurrency / Phishing Attack
Cybersecurity researchers are calling attention to a new kind of investment scam that leverages a combination of social media malvertising, company-branded posts, and artificial intelligence (AI) powered video testimonials featuring famous personalities, ultimately leading to financial and data loss. "The main goal of the fraudsters is to lead victims to phishing websites and forms that harvest their personal information," ESET noted in its H2 2024 Threat Report shared with The Hacker News. The Slovak cybersecurity company is tracking the threat under the name Nomani , a play on the phrase "no money." It said the scam grew by over 335% between H1 and H2 2024, with more than 100 new URLs detected daily on average between May and November 2024. The attacks play out through fraudulent ads on social media platforms, in several cases targeting people who have previously been scammed by making use of Europol- and INTERPOL-related lures about contacting them for help ...
