Scammer Group Uses Business Email Compromise to Impersonate European Investment Portals

Scammer Group Uses Business Email Compromise to Impersonate European Investment Portals

A sophisticated scammer group has stolen at least €480 million from victims in France, Belgium, and Luxembourg since 2018, according to researchers at Group-IB. The gang uses a highly detailed scam kit called “CryptosLabs,” which impersonates investment portals from more than forty major European financial entities.