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Leading perpetrator of online investment scams, which cost Australians and New Zealanders billions of dollars, unmasked in new report.

Infoblox has released a report unmasking Savvy Seahorse as a leading perpetrator of online cybercriminal investment scam websites.

The threat actor has operated in the shadows since at least 2021 and its target victims include people in Australia and New Zealand (A/NZ).

Savvy Seahorse uses Facebook ads to lure in victims and convince them to open accounts, make deposits and invest in companies including Tesla and Meta.

Once deposited, the cybercriminal gang then transfers the funds to a bank in Russia.

Its tactics, techniques, and procedures (TTPs) also include ChatGPT and WhatsApp bots imitating online webchats to encourage victims…

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Cybersecurity researchers unveiled a sophisticated scam operation, “Savvy Seahorse,” exploiting victims through advanced DNS manipulation techniques.

This operation, active since at least August 2021, has flown under the radar by leveraging DNS canonical name (CNAME) records to create a dynamic and elusive traffic distribution system (TDS) for financial scam campaigns.

A Novel Approach to Cybercrime

Savvy Seahorse’s campaigns are not your typical phishing attempts. They incorporate fake ChatGPT and WhatsApp bots that provide automated responses, luring victims into providing personal information under the guise of high-return investment opportunities.

These campaigns target a wide range of language speakers, including Russian, Polish,…

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