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Cyjax reports increasing activity from romance scams

published on 2024-02-14 14:11:58 UTC by James Humphreys
Content:

Analysts from Cyjax, a threat intelligence provider, found an increase in romance scams from social engineering groups based in Africa posing as diplomats abroad.  

These threat actors are targeting UK-based wealthy middle-aged individuals between 30-55. 

By claiming to be on diplomatic missions abroad, they evade detection, avoiding video calls or in-person meetings.  

Cyjax’s findings 

This follows the same modus operandi of military-themed romance scams, but instead use travel as an excuse.  

Scammers also receive payments from victims using platforms such as Remitly, World Remit, SendCash and Afriex, helping with the narrative that they’re always on the move.  

This also raises less suspicion than asking for cryptocurrency or gift cards. 

Analysts found romance scammers sending small payments to victims to build trust.  

These payments were typically below £200 given as one-off gifts.  

These supposed gifts are then used to emotionally exploit victims, with attackers alleging that they are experiencing financial trouble. 

“Despite the amount of information available on detecting scammers, this industry is flourishing,” said Azhar Hussain, Cyber Intelligence Lead.  

“Romance scams differ from other types because they exploit a victim’s personal feelings and loneliness so even though avoiding video or phone calls might be flagged as suspicious, many victims would rather avoid facing the truth for as long as possible. 

“It’s all about gaining and maintaining as much trust as possible and with little tricks like sending gifts, they earn a lot of goodwill from their targets.” 

More Security News

Article: Cyjax reports increasing activity from romance scams - published 9 months ago.

https://securityjournaluk.com/cyjax-reports-activity-from-romance-scams/   
Published: 2024 02 14 14:11:58
Received: 2024 02 14 14:26:23
Feed: Security Journal UK
Source: Security Journal UK
Category: Security
Topic: Security
Views: 1

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