| Category | Details |
|---|---|
| Threat Actors | Fraudsters targeting high-demand sectors using advanced techniques like BIN testing, OTP spoofing, SIM swapping, and credential stuffing. |
| Campaign Overview | Fraud in the UK resulted in reported losses of £2.4 billion in 2024, with a significant focus on e-commerce, food delivery, electronics, and transportation. |
| Target Regions | UK businesses, particularly sectors with high transaction volumes (E-commerce, Food Delivery, Transportation). |
| Methodology | Techniques like DNA, LIT, carding, BIN testing, and refund fraud. Use of stolen credentials and weak security protocols to exploit transactions. |
| Product Targeted | High-value items like Apple devices, PlayStation 5, Xbox consoles, Ninja appliances, luxury clothing, and gift cards. |
| Malware Reference | InfoStealers used for credential harvesting, SilverBullet for credential stuffing. |
| Tools Used | Credential stuffing tools, BIN analysis systems, OTP bots, SIM-swapping exploits. |
| Vulnerabilities Exploited | Weak delivery verification, insufficient 2FA implementation, insecure payment systems, compromised credentials from breaches. |
| TTPs | Account takeovers, refund fraud, card testing, BIN-based evasion of security, and exploiting high-demand shopping periods like the holiday season. |
| Attribution | No specific groups named; attributed to general cybercriminals leveraging automated and manual fraud techniques. |
| Recommendations | Implement real-time monitoring, adaptive defenses, BIN analysis, enhanced 2FA, and educate customers on phishing/OTP scams. |
| Source | TTP Today |
Read full article: https://www.ttp.today/threatbriefs/fraud-insights-q1-q3-2024-intelligence-insights
Disclaimer: The above summary has been generated by an AI language model
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