Investment Fraud | Breaking Cybersecurity News | The Hacker News

A newly released report by cybersecurity firm CTM360 reveals a large-scale scam operation utilizing fake news websites—known as Baiting News Sites (BNS)—to deceive users into online investment fraud across 50 countries. These BNS pages are made to look like real news outlets: CNN, BBC, CNBC, or regional media. They publish fake stories that feature public figures, central banks, or financial brands, all claiming to back new ways to earn passive income. The goal? Build trust quickly and steer readers toward professional-looking scam platforms like Trap10, Solara Vynex, or Eclipse Earn. Scammers use sponsored ads on Google, Meta, and blog networks to push traffic to these sites. Ads often carry clickbait headlines—"You won't believe what a prominent public figure just revealed"—paired with official photos or national flags to make them feel legit. Clicking the ad directs users to a fake article, which then redirects them to a fraudulent trading platform. Many of these scams follow a...