Summary: Researchers at Proofpoint have identified a revival of the Multimedia Messaging Service (MMS) in a Bitcoin scam dubbed “VidSpam,” using deceptive video files to lure victims. This campaign capitalizes on the curiosity sparked by receiving MMS messages, leading recipients to fraudulent investment schemes. Once inside, victims face high-pressure tactics to invest in fake cryptocurrency opportunities, often resulting in financial loss.
Affected: General mobile users and potential cryptocurrency investors
Keypoints :
- Scammers utilize tiny 3GP video clips in MMS to promote fake cryptocurrency investments.
- The novel nature of receiving MMS messages leads to a high open rate, with 99% of mobile messages viewed.
- Victims are often manipulated within WhatsApp groups, pressured to invest with the promise of guaranteed returns.
- Experts recommend disabling MMS and exercising caution with links in unknown messages to prevent falling victim to such scams.
Source: https://securityonline.info/mms-vidspam-a-new-bitcoin-scam-using-old-tech/