Netcraft, the global leader in cybercrime detection, disruption, and takedowns, announced today it has been named the winner of the “Editor’s Choice Cybersecurity Company” award from Cyber Defense Magazine, the industry’s leading electronic information security magazine.

Cybercriminals always seek to cash in on current affairs to lend credibility to their attacks, and the conflict in Gaza is no exception. Netcraft has detected over $1.6M in cryptocurrency being transferred to accounts associated with this fraud.

In donation fraud, cybercriminals trick users into donating to what appears to be a legitimate cause using numerous tactics. This includes referencing current events, encouraging readers to act urgently, and by using emotive language (or situations). The criminal’s goal is to pressure the victim into acting impulsively and sending funds without due diligence.

This blog post takes a detailed look at how opportunistic cybercriminals have made use of the conflict to carry out donation fraud within days of its start. In nearly all cases we have seen, these campaigns solicit “donations” via cryptocurrency. Many even go one step further and drain the entire crypto wallet of their victims through the use of crypto drainers.

The criminal exploitation of the situation is turbulent, with campaigns starting and stopping and site contents changing constantly. Some sites have had their fraudulent content completely replaced less than a week after they were initially observed by Netcraft.

Two Donation Fraud emails taking advantage of the conflict, soliciting donations for Israel and Palestine respectively. Both destination sites send funds to the same cryptocurrency wallet, suggesting indiscriminate targeting by the threat actor.

Rise of the crypto drainers

Opportunistic donation fraud often requests “donations” to be made in cryptocurrency. At the start of the Ukraine war, several large-scale email campaigns impersonated targets such as President of Ukraine Volodymyr Zelenskyy, the British Red Cross, and the UK Prime Minister’s Office. Regardless of the impersonated party, the emails asked for donations to be made to one or more cryptocurrency addresses listed directly in the text. This form of donation fraud relies on …

We’re pleased to be able to post this interview that the New York City-based writer Daniel Falcone conducted with JWE board member Richard Falk on October 18 Israel has long …

The post R.Falk interviewed Oct. 18 on the Gaza crisis appeared first on Just World Educational.

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