GCHQ: Don’t Fall For ‘Celebrity-Backed’ Investment Scams

guest · Aug 14, 2020

GCHQ: Don’t Fall For ‘Celebrity-Backed’ Investment Scams
August 14, 2020
https://www.infosecurity-magazine.com/news/gchq-dont-fall-celebritybacked/

The British public has been warned not to fall for investment scams seemingly endorsed by celebrities, after the National Cyber Security Centre (NCSC) revealed it had been forced to take down over 300,000 related URLs.

The GCHQ body has seen an alarming rise in such scams of late, claiming they usually take the form of emails or online ads which are spoofed to appear like news articles featuring household names like Richard Branson, Ed Sheeran and money expert Martin Lewis.
These emails and ads lure users to click through to hoax websites which claim the victim can make money fast, but in reality any funds they send end up in the pocket of the fraudsters.
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“These investment scams are a striking example of the kind of methods cyber-criminals are now deploying to try to con people. We are exposing them today not only to raise public awareness but to show the criminals behind them that we know what they’re up to and are taking action to stop it,” said NCSC CEO, Ciaran Martin.
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NCSC: Celebrity scam alert as criminals use rich and famous to lure online victims

An increasing number of these investment scams, which come in the form of mocked-up online news articles featuring the rich and famous, has prompted today’s warning from security experts (August 14th).

Emails and paid-for digital advertisements entice people to visit hoax websites which contain information about fake “get rich quick” schemes. They are then encouraged to click a link to invest, but the money is actually being sent to cyber criminals.
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