CYFIRMA Research
Cyber defenders, listen up! The CYFIRMA Research podcast has some juicy intel on the latest cyber threats that are lurking in the shadows. Tune in to this security briefing to stay on top of emerging threats and be ready to tackle digital risk like never before.
CYFIRMA Research
CYFIRMA Research- Scamonomics: The Dark Side of Stock & Crypto Investments in India
Cybercriminals are impersonating trusted business executives and financial experts to trap unsuspecting investors. These scammers are creating fake investment firms with fraudulent registration details, professional-looking websites and manipulated social media engagement to appear legitimate. They are actively using Telegram channels, WhatsApp groups, and fake company domains to lure victims.
Most of these scams involve UPI payments, making it easier for fraudsters to collect and launder money swiftly. Many operate through fake mobile apps that look like real investment platforms, where users are tricked into depositing funds they can never withdraw. These schemes often function as Ponzi scams — offering early returns funded by new investors before collapsing.
Victims are also pressured into making fast decisions with tactics like “limited-time offers” and “VIP access.” Alarming developments show that attackers are exploiting vulnerabilities in Indian Government and educational institution websites to redirect users to malicious domains. Evidence links the developers of these fake sites to foreign courtiers , suggesting potential international involvement.
Stay alert. Always verify investment opportunities!
Link to the Research Report: https://www.cyfirma.com/research/scamonomics-the-dark-side-of-stock-crypto-investments-in-india/
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