Sources Contact Advanced Search Tutorials

An Interest In:

Web News this Week

Search Archive

Some of Our Sources

View All Sources

Help Webnuz

Referal links:

May 7, 2018 06:00 pm

Nigerian Email Scammers Are More Effective Than Ever

You would think that after decades of analyzing and fighting email spam, there'd be a fix by now for the internet's oldest hustle -- the Nigerian Prince scam. But the problem, a new report suggests, has only grown to become more widespread and sophisticated. From the report: There's generally more awareness that a West African noble demanding $1,000 in order to send you millions is a scam, but the underlying logic of these "pay a little, get a lot" schemes, also known as 419 fraud, still ensnares a ton of people. In fact, groups of fraudsters in Nigeria continue to make millions off of these classic cons. And they haven't just refined the techniques and expanded their targets -- they've gained minor celebrity status for doing it. On Thursday, the security firm Crowdstrike published detailed findings on Nigerian confraternities, cultish gangs that engage in various criminal activities and have steadily evolved email fraud into a reliable cash cow. The groups, like the notorious Black Axe syndicate, have mastered the creation of compelling and credible-looking fraud emails. Crowdstrike notes that the groups aren't very regimented or technically sophisticated, but flexibility and camaraderie still allow them to develop powerful scams.

Slashdot

Slashdot was originally created in September of 1997 by Rob "CmdrTaco" Malda. Today it is owned by Geeknet, Inc..

More About this Source Visit Slashdot