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Russian 'methbot' fraud steals $180 million in online ads

Discussion in 'Tech-Related News' started by knucklehead, Dec 21, 2016.

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  1. knucklehead

    knucklehead Thread Starter

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    Russian cybercriminals have built a new high-tech fraud enterprise: Showing real ads to fake people.
    The fraud has siphoned more than $180 million from the online ad industry, according to researchers.

    Dubbed "Methbot," it is a new twist in an increasingly complex world of online crime, according to White Ops, the cybersecurity firm that discovered the operation.

    "This is a very advanced cyber operation on a scale no one's seen before," said Eddie Schwartz, White Ops chief operating officer.
     
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