AI-Powered Fake Websites and Profiles Deceive Victims
A new scam uncovered by Cado Security Labs is targeting Web3 professionals through the use of artificial intelligence (AI) to create convincing fake websites and social media profiles. These AI-generated platforms closely resemble legitimate business websites, especially those related to cryptocurrency and blockchain. Scammers use AI to craft realistic-looking content that appears trustworthy, making it difficult for even experienced professionals to spot the fraud. This deceptive approach has allowed scammers to reach a wider audience, increasing the risk for Web3 workers who rely on online platforms for their professional engagements.
Malicious Apps “Meeten” and “Meetio” Harvest Personal Data
The scam begins when the fraudsters contact potential victims and prompt them to download a business meeting app called “Meeten” or “Meetio.” Once installed, these apps deploy malware onto the victim’s device, which then scans for sensitive data such as cryptocurrency wallet credentials, Telegram logins, and banking information. The malware also collects browser cookies and autofill credentials, compromising a wide range of personal and financial data. This information is then used to exploit the victim, leading to potential financial theft, identity fraud, and other forms of cybercrime.
Web3 Professionals Advised to Be Skeptical of Unsolicited Apps
Security experts are strongly advising Web3 professionals to remain cautious when downloading software or engaging with online platforms, particularly when the software is unsolicited. The use of AI-generated fake websites and profiles makes it increasingly difficult to spot fraudulent activity, and Web3 professionals are particularly vulnerable to these types of scams. It is essential to verify the legitimacy of any software or platform before downloading, as scammers are becoming more adept at creating convincing fake platforms. Web3 professionals should always exercise caution and skepticism to protect their sensitive personal and financial information.
