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In late July 2021, online retailers got hit with a jaw-dropping 2,800 percent increase in attack takeovers. Dead-set on gift card fraud via “scrape for resale” and other types of fraud, the attacks spiraled up to the rate of 700,000 attacks per day.
In a separate case – of a loan application fraud attack – the threat actors used the sub accounts feature on public email domains such as Gmail to create 3,000 email addresses, which were then used to submit roughly 45,000 fraudulent loan applications distributed across multiple IP addresses.
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