Psst, wanna be a fraudster? Ordinary consumers are being lured into cybercrime

A new report from Sift reveals an alarming democratization of cybercrime, with 34 percent of consumers seeing offers to participate in payment fraud online, an 89 percent increase over 2024. The report details how fraudsters openly advertise and sell stolen payment information and fraud services on social media platforms and deep web forums like Telegram, significantly lowering the barrier to entry for anyone to participate in fraudulent activities. 'The democratization of fraud through the widespread availability of stolen payment information and validation tools -- easily found and purchased online -- is luring ordinary consumers into cybercrime,' says Kevin Lee, SVP… [Continue Reading]