Google-owned video sharing app YouTube is rife with phishing and crypto scams, researchers at the search engine giant’s Threat Analysis Group (TAG) recently discovered. Researchers said cybercriminals are using cookie-stealing malware to hijack YouTube channels to promote phishing and scams. Google has linked the activities to the group found active on Russian forums. The malware allows hackers to access people’s passwords and even YouTube channel credentials.
Online games, anti-virus software and photo-editing are some of the ways cyber criminals are coming into contact youtube In order to scam the users, a report good Revealed by TAG. Hackers are also creating fake pages on social networking platforms to direct their victims to click on infected links.
The researchers further warned that these cybercriminals are using breached YouTube channels for live streaming crypto content to defraud investors.
“A large number of hijacked channels were rebranded cryptocurrency Scam Live Streaming. The channel name, profile picture and content were all replaced with cryptocurrency branding in order to impersonate big tech or cryptocurrency exchange firms. The attacker live-streamed videos promising cryptocurrency giveaways in exchange for an initial contribution,” Ashley Shen from Google’s TAG wrote in the report.
An in-depth analysis of the matter revealed that the hacked YouTube channel was trading in the range of $3 (approximately Rs.225) to $4,000 (approximately Rs.3 lakh).
In July 2020, famous Indian YouTuber Ajoy Nagar, better known as CarryMinati, reported that one of his YouTube channels was tampered with and was showing suspicious. Bitcoin Links to his followers.
Along with YouTube, crypto-scammers are also abusing other platforms like WhatsApp and Twitter to illegally take advantage of unsuspecting crypto enthusiasts.
Last year, the verified accounts of several famous people, including Barack Obama, Kim Kardashian West and, Elon Musk, were hacked by crypto-criminals who posted infected bitcoin links to lure their victims into the scam.
Amidst the expansion of the crypto-culture on a global scale, scammers are trying to find more opportunities to use this development in their favor.
Earlier in April, a report good had disclosed that the total crypto crime amounted to approximately $10.52 billion (approximately Rs 79,194 crore) in 2020.
Analyst Firm Chainalysis Recently report good had also revealed that between July 2020 and June 2021 at least $815 million (about Rs 6,135 crore) in crypto was sent to scam projects from Eastern European countries.