Fraud-as-a-Service allows cybercriminals to launch complex attacks with minimal skills

User-friendly fraud kits that enable amateurs to execute complex attacks against thousands of accounts in minutes are widely available on the dark web according to the latest 2024 Report on Global Identity Fraud from AU10TIX. FaaS platforms provide all the tools, templates and automation that fraudsters need, including deepfake generators to create synthetic selfies and videos, botnets to automate mass-scale account creation and takeover, and phishing kits for email and web-based scams. 'FaaS has elevated cybercrime, enabling a whole cohort of the population to join in on global fraud by launching large-scale attacks involving up to 8,000+ incidents,' says Dan… [Continue Reading]