Group-IB, a global threat hunting and adversary-centric cyber intelligence company, recently revealed a large-scale, ongoing scam targeting the Middle East and Africa (MEA) region.
Nearly 140 well-known brands from 16 countries across the region have bee leveraged by scammers in fraudulent schemes designed to steal user personal and payment data. Additionally, at least eight of the brands exploited in this multi-stage scam were affiliated with Egypt.
The findings, uncovered using Group IB’s AI-driven digital risk identification and mitigation platform Digital Risk Protection, were released during the company’s Digital Risk Summit 2021, held online last week.
Participants included the United Nations International Computing Centre (UNICC), global market research and advisory firm Forrester, and independent website watchdog service Scamadviser. During the event Group-IB analysts also revealed Egypt to be…