Telegram-Based Classiscam Operation Targets European Market Users

Recently, security experts have detected a Telegram based scam named Classiscam mainly initiated by Russian-speaking scammers. The Classiscam scheme has been taking advantage of Telegram bots that provide scammers with ready-to-use phishing pages under the name of popular marketplaces and delivery services to steal money and payment data.

The operation mainly started in Russia and was at its peak in 2020 amid the Covid-19 pandemic. The scammers used fake ads using the name of well-known companies that promised to offer various products such as smart-phones, cameras, laptop, gaming items etc at minimal prices. To convert the deals, the scammers move the conversation to a third-party messaging service and use local phone numbers when speaking with the victim. The scam comprised around 40 groups of cybercriminals, operating in the U.S. and across several European countries such as Bulgaria, Czech Republic, France, Poland, and Romania.

In the recent past, several incidents took place where cybercriminals misused Telegram for illegal activities like using it as a C&C channel for remotely controlled malware or for hosting bots. As a result, experts have advised the users to be extremely cautious while using the app or Telegram-based services and rely on official chats only. It is always better to avoid third-party messenger redirection.

By Hrithik Lall

IEMLabs is an ISO 27001:2013 and ISO 9001:2015 certified company, we are also a proud member of EC Council, NASSCOM, Data Security Council of India (DSCI), Indian Chamber of Commerce (ICC), U.S. Chamber of Commerce, and Confederation of Indian Industry (CII). The company was established in 2016 with a vision in mind to provide Cyber Security to the digital world and make them Hack Proof. The question is why are we suddenly talking about Cyber Security and all this stuff? With the development of technology, more and more companies are shifting their business to Digital World which is resulting in the increase in Cyber Crimes.

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