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Shady Bets: Gambling fraud in the the Middle-East and Europe
November 2024 by Marc Jacob
Group-IB’s CERT team recently discovered over 500 deceptive ads and 1,377 malicious websites designed to trick users into downloading fraudulent applications that promise easy money. These scams, which steal personal data and money from users, are spreading across various regions. The ads target the Middle East, Europe, and Asia, with more than 200 ads in Egypt alone. The increasing number of these scams highlights how scammers are rapidly expanding their reach into new markets.
A key tactic used by these scammers is the use of AI-generated voices in multiple languages, which makes the ads appear local and trustworthy, even when the scam is carried out across borders. Through these fraudulent apps and websites, scammers steal personal and financial information during the registration process. Victims have suffered significant financial losses, with some reporting losses exceeding US$10,000.
