Tech »  Topic »  Hackers Steal Credit Card Data of Deal-Seeking Shoppers

Hackers Steal Credit Card Data of Deal-Seeking Shoppers

1 week, 3 days ago   bankinfosecurity

China-Linked Criminals Processed Orders Worth $50M: Security Research Labs Rashmi Ramesh (rashmiramesh_) • May 10, 2024

These aren't real Adidas shoes. Neither are the shoes sold by a network of fraudulent online stories dubbed BogusBazaar. (Image: Shutterstock)

Hackers linked to Chinese fraudsters are targeting online shoppers to steal credit card information, likely making off with about $50 million from victims in the United States and Western Europe who order premium shoes at discount prices on fraudulent deal websites.

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The criminal group, dubbed BogusBazaar, has processed more than 1 million orders since its inception three years ago, said Security Research Labs. The loss is only an estimate: Hackers may not obtain every payment card number, and the total does not take into account secondary damages caused by fraudulent use of stolen credit card details.

The hackers offer deals on branded shoes and ...


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