There's no denying that the pandemic created a breeding ground for fraud. Cybercriminals thrive in organizations' blind spots, and the shift to digital business created a wealth of vulnerabilities for bad actors to take advantage of.
The expanding fraud economy has caused online scams to mature well beyond siloed attacks and lone basement dwellers. The more than 37 billion records leaked in 2020 alone armed bad actors with the data to execute larger and more devastating attacks.
However, recent crackdowns on Dark Web marketplaces have caused fraudsters to turn to new and under-the-radar places to commit illegal activity. Forced out of Dark Web forums, cybercriminals have set their sights on secure messaging apps, such as Telegram, to conduct fraudulent activity. As a section of the Deep Web, a part of the Internet not indexed by search engines, secure messaging apps are a haven for professional criminals to remain anonymous while wreaking havoc and turning a profit.
However, professional cybercriminals aren't the only ones benefiting from this new era of messaging-app-based fraud. As an accessible platform to almost everyone around the world, these applications have become an attractive vehicle for new fraudsters to experiment with little risk.
The New (Mess)Age of FraudstersToday's bad actors focus less on careful, covert crimes and more on getting what they want however they can. This new mindset plays an integral factor in the influx of fraud on messaging apps and forums.
Messaging apps often provide the security and safety features that fraudsters need to remain undetected. Knowing that apps' privacy-focused features and strong enc ..
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