Automated “Classiscam” Operation Made $6.5m in 2020

An e-commerce “scam-as-a-service” operation tried-and-tested in Russia has expanded to multiple European countries in 2020, making cybercrime groups over $6.5m in the process, Group-IB has warned. The Singapore-based cybersecurity company claimed in a new report that “Classiscam” first appeared in Russia in the summer of 2019, but soon migrated west and hit a peak of activity over 2020 as remote workers surged online to shop.

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