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Tiger mints another unicorn SUBSCRIBE Well soon meet in your inbox. / Daily Top 5 Tiger Global cannot stop minting unicorns in India. But no one’s complaining, definitely not the six billion-dollar entities the New York-based investment firm has created just this year. Also in this letter: Chargebee joins 2021 unicorn parade Billing startup Chargebee Inc. has raised $125 million in funding and boosted its valuation to $1.4 billion, making it the latest entrant in India’s unicorn club. Th...

Share this article Share this article SINGAPORE, Jan. 27, 2021 /PRNewswire/ -- Group-IB, a global threat hunting and adversary-centric cyber intelligence company, was granted Innovation Excellence award for its Digital Risk Protection (DRP), an Al-driven platform for identifying and mitigating digital risks and counteracting brand impersonation attacks with the companys patented technologies at its core. Innovation Excellence award honors companies that become leaders in Frost Radars. Accord...

An e-commerce “scam-as-a-service” operation tried-and-tested in Russia has expanded to multiple European countries in 2020, making cybercrime groups over $6.5m in the process, Group-IB has warned. The Singapore-based cybersecurity company claimed in a new report that “Classiscam” first appeared in Russia in the summer of 2019, but soon migrated west and hit a peak of activity over 2020 as remote workers surged online to shop. There are now at least 40 active groups using the scam packa...

Fake landing page used by Russian-language cybercriminals to collect victims personal and financial data (Source: Group-IB) A Russian-speaking "scam-as-a-service" operation dubbed "Classiscam" is expanding globally, with 40 interconnected gangs in about a dozen countries using fake product advertisements to launch phishing schemes, the security firm Group-IB reports. The fraudsters are posting fake online classified advertisements for products to dupe interested buyers into visiting phishing pa...

Classiscam. According to the report, the Classiscam scheme began in early 2019 and initially only targeted buyers active on Russian online marketplaces and classified ads portals. The group expanded to other countries only last year after they began recruiting scammers who could target and have conversations with foreign-language customers. Currently, Classiscam is active in more than a dozen countries and on foreign marketplace and courier services such as Leboncoin, Allegro, OLX, FAN Courier,...