Robinhood Warns Customers of Tax-Season Phishing Scams

Tax-Season Phishing Scams
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9th April 2021, Kathmandu

Attackers targeted customers in two ways, according to the email. One attack vector used phishing emails with links to fake Robinhood websites prompting visitors to enter their login credentials, including authentication codes the company uses to help ensure the security of people’s accounts.   

Attackers have targeted customers of stock-trading broker Robinhood with a phishing campaign aimed to steal their credentials and spread malware using fake tax documents, the company has warned.

Fraud Ring Launders Money Via Fake Charity Donations

“Using stolen credit cards, fake accounts, and automated scripts to do the dirty work, this fraud ring repeatedly funneled small amounts of money to themselves by setting up fake causes on various giving sites in order to request donations,”

Cart Crasher achieves a dual purpose with its strategy: The fraudsters can not only test stolen payment information to see if it’s valid, but it also allows them to steal and then clean funds from the stolen accounts.


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