FBI takes out huge AI-powered phishing service 'Outsider Enterprise'

Source: TechRadar Pro

BleepingComputer reports that the FBI has dismantled a major Chinese phishing-as-a-service (PhaaS) operation called Outsider Enterprise. The law enforcement agency said it seized multiple administration servers, a Shopify e-commerce storefront, and an account the attackers used to test the PhaaS, mostly SMS-based lures. The FBI also seized around $100,000 USD in cryptocurrency, redirected thousands of phishing pages to an FBI announcement site, and seized a Telegram bot that was used to store the stolen information. The FBI says this particular PhaaS was very popular in the cybercriminal community. It was active for roughly three years, was used to generate around 9,000 fake websites, as well as at least a million fraudulent URLs. Hackers used this PhaaS to steal more than 3.8 million credit card records, resulting in around $1.9 billion in losses. Full Story