AI Technology Creates Realistic Fake Websites for Scammers
Cado Security Labs has uncovered a scam targeting Web3 professionals, where scammers use artificial intelligence (AI) to create fake websites and social media profiles that mimic legitimate business platforms. These AI-generated platforms are designed to deceive Web3 professionals by appearing to be trustworthy and legitimate. The scammers use AI to replicate the content of real business sites, particularly those related to cryptocurrency and blockchain, making the fraud difficult to detect. This sophisticated use of AI has made the scam increasingly difficult to identify, putting professionals in the digital space at greater risk.
Malware Apps “Meeten” and “Meetio” Steal Personal and Financial Data
The scam begins when the fraudsters reach out to potential victims, inviting them to download a meeting app called “Meeten” or “Meetio.” Once installed, these apps release malware that scans the victim’s device for sensitive data, including cryptocurrency wallet credentials, Telegram logins, and banking details. In addition to stealing these critical pieces of information, the malware also collects browser cookies and autofill credentials, exposing a wide range of personal data. This stolen information can be used by the scammers to commit identity theft, financial fraud, and other forms of cybercrime.
Web3 Professionals Advised to Stay Wary of Unsolicited Downloads
As scams targeting Web3 professionals become more sophisticated, experts are warning individuals in the industry to be cautious when downloading software or engaging with unknown platforms. The use of AI-generated fake websites and social media profiles makes these scams even more convincing, and professionals must remain vigilant to protect their sensitive information. Verifying the legitimacy of any app or website before downloading is crucial, as it is easy to be deceived by these advanced scams. Web3 professionals should prioritize security and exercise caution to protect their personal and financial data.
