The number of domains for fraudulent investment projects increased by 25% and reached 10,000, and the number of posts on social networks attracting fraudulent sites increased 40-fold. The increase in the activity of scammers is associated with the popularization of programs for expanding illegal business.

The number of domains for fraudulent investment projects increased by 25% and reached 10,000.
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FACCT (formerly Group-IB) experts have recorded a sharp increase in the activity of investment fraudsters. In 2024, the number of domains associated with this activity increased by 25% compared to 2022 and reached 10,000.

In the first five months of 2024, the number of advertising posts on social media encouraging people to visit fraudulent investment sites increased 40-fold compared to the same period in 2023: from 201 to 7,869 posts.

Experts say scammers distribute ads primarily through instant messaging, social media, video hosting sites and email.

The increase in the activity of investment scammers is associated with the popularization of illegal affiliate programs, which allow illegal business to grow.

Author:

Kirill Bilyk

Source: RB

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I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.

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