Blog | G5 Cyber Security

BEC gift card scams switch to online stores due to pandemic

Scammers behind business email compromise (BEC) attacks have adjusted their tactics to match the current situation given the COVID-19 outbreak. While normally, they’ve been attempting to convince victims to buy gift cards as a quick favor to one of their executives. Now they’ve switched to asking them for digital gift cards since brick and stone stores are now closed or a lot harder to reach due to lockdowns. Two Chinese nationals were charged in March for allegedly laundering millions of dollars worth of cryptocurrency for the North Korean-backed Lazarus Group by converting them into Chinese yuan and Apple gift cards.

Source: https://www.bleepingcomputer.com/news/security/bec-gift-card-scams-switch-to-online-stores-due-to-pandemic/

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