Cryptographers are increasingly targeting Tiktok, a new platform.
According to a report from cybersecurity firm CTM360, fraudsters are deploying “sophisticated tactics” to deceive victims.
A new campaign called “Clicktok” blends phishing and malware, preying on unsuspecting users attempting to buy at Tiktok stores.
Fake Meta ads and tikk clips generated by AI that mimic influencers are used to attract people. They are then directed towards a fraudulent domain that is very similar to a legitimate URL.
“These domains serve two main purposes designed to host phishing pages designed to steal user credentials and to distribute troilerized apps,” the report explains.
Over 10,000 fake sites have been identified so far. Though Tiktokshops are only available in 17 countries, victims are targeted worldwide.
When users interact with a rogue storefront, they often encounter fake product lists. As “emergency tactics” unfold, shoppers make rash decisions so that they count down a few minutes before sales end. From here they are told to deposit their code.
The products offered are often significantly discounted, which makes the deal seem too good. Tether According to the report, it is a widely accepted payment method that scammers accepted.
“The core motivation is fraudulent financial interests that harness online shopping, affiliate revenue, and trust in the irreversibility of certain payment methods,” the researchers write.
“Advanced Fee Scams” are also common, and are primarily targeted at people involved in Tiktok Shop’s affiliate programs. Here, it is recommended that victims “replenish” their fake crypto wallets, show fake income, and “replenish” their commitment committee that never arrives.
CTM360 continues to warn that social engineering tactics are also being deployed, with the victims approaching WhatsApp and Telegram by con artists pretending to be “Tictok’s affiliates.”
The report is about development given that Tiktok users tend to be younger than other social networks, and Pew Research Center found that ages 18-34, who are susceptible to fraud, are more likely to use this social network.
It is also a sign that cybercriminals are beginning to diversify beyond carrying out fraud on Facebook and X.
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