Do you trust Google search with navigating you to your trusted sites?
Most people do. But you shouldn’t. Or at least not without doing your due diligence.
This scam specifically targets Bing Ads advertisers but this loophole can be exploited for your online banking, financial institutions, email accounts social media accounts and anything you can think of that contains sensitive information. The hackers have swindled at least a hundred thousand dollars of which that have been confirmed from multiple undisclosed but reliable direct sources of mine.
I have broken this article into three critical sections:
- What is a phishing scam?
- How was money stolen using this phishing scam?
- How can you prevent getting scammed and swindled of your hard earned money?
What is a Phishing Scam?
By definition, a phishing scam an email that falsely claims to be a legitimate enterprise in an attempt to scam the user into surrendering private information to be used for identity theft. The Bing Ads phishing scam extends the mechanism used for phishing from email to search, specifically Google search.
How Was Money Stolen in the Bing Ads Phishing Scam?
The Bing Ads advertiser would type in bing ads into Google, or a similar keyword. The advertiser, which is the business owner or proxy of the business owner, will click into the first link that comes up.