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Widespread Phishing Scam Discovered In Saudi Arabia
Group-IB, a global cybersecurity firm, has published research into a scheme where scammers impersonate one of the leading manpower agencies in Saudi Arabia.
Analysts from a leading cybersecurity firm, Group-IB, have uncovered a massive phishing scam operation meant to impersonate one of the Kingdom of Saudi Arabia’s top recruitment agencies.
The cybersecurity team found at least 1,000 malicious domains during their research, with most containing a close match to a well-known Saudi agency that offers assistance in hiring employees for the construction and services sector, as well as domestic workers. Scams of this nature are growing at a rate of 10% per year, with more than $55 billion stolen during 2021 alone.
How The Scam Worked
The fake domains and their associated URLs were meant to fool people into thinking they’re the real deal. In addition, each domain featured convincing web pages designed to mimic the official agency website. Scammers were using these web pages to convince people to enter their data, hoping to harvest banking details, as well as both login information and two-factor authentication (2FA) codes.
To drive traffic to these fraudulent websites, the criminals used multiple layers of social engineering, first using ads on Facebook, Twitter, and Google that encouraged SMS or WhatsApp conversations, and then sending unwitting users to the fake sites to enter their details.
Once a user had landed on a fake domain, they were persuaded to part with a small processing fee of 50 or 100 SAR (approximately $13 or $27), which enabled the scammers to harvest banking data to empty accounts and make off with user’s hard-earned cash.
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“Scammers are becoming increasingly resourceful and collaborative, and spoof domain brokers are actively assisting cybercriminals. We encourage companies and organizations to monitor for signs of brand abuse, and we also urge internet users to remain vigilant so that they do not become victims of scams such as this,” says Mark Alpatskiy, CERT-GIB Senior Analyst.
Falling victim to a phishing scam can be costly, and Internet users are urged to show caution and always check URLs to verify they are legitimate before entering any personal data, as well as ensuring they are in communication with online chat services or call centers of the official company in question.
News
Lebanon Ministers Meet Visa Over National Digital Payment Platform
Finance and technology ministers say a comparative study and roadmap will follow before any decision on adopting a model.
Lebanon’s finance and technology ministers met representatives from Visa last week to discuss a proposed unified national digital payment platform for government services, according to a readout from the Ministry of Finance.
The meeting brought together Finance Minister Yassin Jaber, Minister of State for Technology and Artificial Intelligence Kamal Shehadeh, a Visa delegation, and experts from both ministries. Discussion focused on whether Lebanon could establish a single platform through which citizens and institutions would pay taxes, fees, fines and other official transactions electronically, using mobile phones and other digital channels.
The Visa delegation presented examples from countries that have adopted unified government payment platforms, including the United Arab Emirates, Singapore, Estonia and Jordan. According to the readout, the examples were presented as having increased collection rates and expanded financial inclusion.
Talks covered settlement mechanisms, direct transfer to the treasury account, financial reconciliation, risk management, cybersecurity, fees, and an operational model that would involve the private sector. The parties agreed to continue technical and institutional consultations, prepare a comparative study, and develop an implementation roadmap before any decision on adopting a model for Lebanon.
Jaber said the Ministry of Finance had already enabled citizens to pay using credit cards and e-wallets through transfer companies, but described the proposed platform as a further step. He framed the development of electronic payment and collection systems as a priority within the ministry’s modernization plan.
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Shehadeh outlined the citizen-facing concept as a single mobile application through which users could settle obligations to ministries, government institutions and other bodies.
“The idea, in short, is that any citizen downloads an application on their mobile phone, through which they can pay all service obligations for all ministries, government institutions, or those owned by the Lebanese state, and others as well, as the platform is not limited only to state institutions,” he said.
Shehadeh added that the platform would not displace banks and money transfer companies that currently provide collection services to the state, calling it complementary to their work.
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