• Feedback
  • RSS Feed
  • Sitemap
Ommcom News
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
Odisha News, Odisha Breaking News, Odisha Latest News || Ommcom News
Home Business

Global Job Scam To Cause $100 Mn In Losses For Over 1,000 Companies: Report

OMMCOM NEWS by OMMCOM NEWS
October 7, 2023
in Business

New Delhi: An ongoing global job scam is likely to affect more than 100,000 victims across over 50 countries globally that is set to cause collective personal losses of over $100 million to more than 1,000 companies being impersonated, cyber-security researchers have claimed.

Drawing from a trove of victim complaints and reported monetary losses, the reported losses from the impersonation of a single company exceed $200,000.

Nicknamed ‘Webwyrm’, hackers in the global-scale job scam have impersonated over 1,000 companies across 10 industries for a combo task scheme akin to the ‘Blue Whale Challenge’ (from a few years ago that caused a massive global impact), according to the team from cyber-security company CloudSEK.

“The scale and sophistication, indicating a highly skilled and persistent Threat Actor (TA) group, necessitate urgent awareness,” the researchers said.

According to them, more than 6,000 fake websites, over 600 websites sharing nearly 200 unique WhatsApp numbers and 230 Telegram handles are targeting people in more than 50 countries.

“The potential collective impact on victims, taking into account the multitude of impersonated companies and an average loss of $100,000 per company, based on reported financial losses, potentially exceeds $100 million, impacting more than 100,000 individuals,” said the report.

This financial upheaval caused by Webwyrm not only devastates individual victims but also tarnishes the image of the impersonated companies.

“As the lure of thousands of dollars under their names traps countless individuals, brand trust takes a nosedive. This becomes evident as victims in plight are inadvertently attributing legitimate companies to the orchestrators of these scams,” said the report.

Webwyrm, likely active since late 2022, has grown multifold since early 2023 with the threat actor group employing various deceptive tactics.

CloudSEK said it has shared the details of the investigation with global law enforcement agencies to help implement remedial actions, including dismantling the scammer infrastructure and reporting to the impersonated organisations.

 (IANS)

ShareTweetSendSharePinShareSend
Previous Post

Situation Not Normal, But Israel Will Prevail: Israel Ambassador To India

Next Post

Martyr Saroj Das’ Body Reaches Bhubaneswar; Guv Ganeshi Lal, CM Naveen Pay Last Respects

Related Posts

Business

RBI Policy May Help Nepal Firms Get Additional Financing, Local Experts Reckon

October 6, 2025
Business

India’s Services PMI Stands At 60.9 In September

October 6, 2025
Business

India’s Public Sector Banks Resilient Amid US Tariffs, Private Lenders Lose Market Cap

October 6, 2025
Business

India Should Focus On Atmanirbhar Innovation, Aims To Rank In Top Five AI Nations Globally: Scindia

October 5, 2025
Bitcoin
Business

Bitcoin Touches Record High Crossing $125,000

October 5, 2025
Business

NaMo Semiconductor Lab To Strengthen India’s Chip Design Ecosystem & Boost ‘Make In India’ Drive: Meity

October 5, 2025
Next Post

Martyr Saroj Das’ Body Reaches Bhubaneswar; Guv Ganeshi Lal, CM Naveen Pay Last Respects

Air India Unveils First Look Of A350 Aircraft

Congress To Hold CEC For Chhattisgarh On Oct 13 To Finalise Poll Candidates

Khimji
OMC
  • Feedback
  • RSS Feed
  • Sitemap

© 2025 - Ommcom News. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ

© 2025 - Ommcom News. All Rights Reserved.