GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >> Technology

 
  Share

Dubai, UAE, November 20, 2017: New research indicates that criminals are increasingly exploiting the growth of ‘fake news' for commercial gain. The growth of so-called fake news has traditionally been associated with the political sphere and executed for ideological purposes. However, research conducted by analysts at Digital Shadows reveals the growth of toolkits and services – available for just $7 – that are aimed specifically at causing financial and reputational damage for companies.

In particular, Digital Shadows has noticed a recent trend towards the growth on the dark web of so-called ‘Pump and Dump' services. These are designed to work by gradually purchasing major shares in altcoin (cryptocurrencies other than Bitcoin) and drumming up interest in the coin through posts on social media. The tool then trades these coins between its multiple accounts, driving the price up, before selling these to unsuspecting traders on currency exchanges looking to buy while share prices are still rising. An analysis of the bitcoin wallet of one such popular service noted that it received the equivalent of $326,000 from wanabee criminals in less than two months.

Similarly, Digital Shadows identified over ten services that allow user to download software, which controls the activities of social media bots. One offers users downloadable software for a trial period of just $7. Others tools claim to promote content across over hundreds of thousands of platforms, including forums, blogs and bulletin boards. These work by controlling large numbers of bots; armies of computers that the individuals control and can configure the bots to post on specific types of forums on different topics. Overall, mentions of these sites across criminal forums can give an indication of their popularity – these have increased 300% in just two years from 418 in 2015 to 1381 in 2017 so far.

The battle against fake news could be getting even more difficult with advertisements for toolkits increasingly claiming to include built in features that bypass captcha methods, which were initially brought in to prevent bots and automated scripts from posting advertisements indiscriminately across these platforms.

Unsurprisingly, media organisations are a particular target of purveyors of fake news. Digital Shadows analysed the top 40 global news websites and checked over 85,000 possible variations on their domain. In doing so, it discovered some 2,858 live spoof domains. Simply by altering characters on a domain (e.g. a “m” may have changed to an “rn”) and by using cloning services it is possible to create a fake website of a legitimate news organisation that looks realistic.

Retailers too are a target. One managed service offers ‘Amazon ranking, reviews, votes, listing optimization and selling promotions' with pricing ranging from $5 for an unverified review, $10 for a verified review, to a $500 monthly retainer.

“The sheer availability of tools means that barriers to entry are lower than ever. It means this now extends beyond geopolitical to financial interests that affect businesses and consumers”, said Rick Holland, VP Strategy, Digital Shadows. “Of course, rumours, misinformation and fake news have always been part of human society. But what has changed in the digital world is the speed such techniques spread around the world, and the fact tools are freely available on the dark and surface web to enable those wanting to carry out these sorts of campaigns to do so with easy and by locating and using the services and tools they need online.”

Digital Shadows has issued the following advice for firms looking to combat disinformation:

Combat domain spoofing - organizations should proactively monitor for the registration of malicious domains and have a defined process of dealing with infringements when they occur. An agile and scalable takedown capability is critical for combating domain spoofing
Combat the ‘bots' - monitor social media for brand mentions and seek to detect the ‘bots' though it's not always immediately obvious, there are often clues such as looking at the age of the account, the content being posted, and the number of friends and followers
Monitor forums for information that could manipulate the share price - organizations should search for mentions of their brand or staff across forums, which could be instances of malicious actors spreading disinformation
Keep an eye on trending activity – monitor trending activity as it relates to an organization's digital footprint and potentially identify disinformation activity



Posted by : GoDubai Editorial Team
Viewed 3562 times
Posted on : Monday, November 20, 2017  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : LG highlights the role of OLED technology in achieving an immersive viewing experience
Next Story : The significant role of Rich Communication Suite in the move to mold the future of the mobile indust...
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
Mouawad Acquires The 51.38 Carat Dynasty Diamond From ALROSA
Introducing the GUESS Jeans Fall 2018 Collection
Cerruti 1881 MOLVENO timepiece and cufflinks
Build Your Perfect Skincare Routine with Essentials from Glambeaute.com
Hour Choice presents Coach Astor Collection
Nazih Introduces New Dr. Renaud Skincare Range
Carl F. Bucherer Presents Adamavi Collection
Business Wear by Hugo Boss
Head to Modhesh World for Summer Fun Before the School Run
Five Awesome Reasons to Visit LEGOLAND® Dubai During the Eid Al Adha Holiday
The new Rado HyperChrome Chronograph in bronze and high-tech ceramic
Back-to-School Shopping Made Easy with SOUQ.com
Never Run Out of Space for Those Joyful Summer Holiday Memories With Western Digital
Spectacular live entertainment for the entire family at Majid Al Futtaim malls i...
Eid Gift Guide 2018
The Marriott International cyclist team completes 600km R2A cycle challenge
New Addition to the HUAWEI Nova 3 Series: On-trend and fashionable HUAWEI nova 3...
Eberhard & Co. immortalizes a legend
Trend Alert! Clueless About Plaid? kate spade Found Fresh Ways to Showcase the G...
Calligraphy, etching and Palestinian embroidery: Learn it all at Tashkeel this S...
The Moon Collection From Lacoste
OMEGA Showcases its Passion for Golf at the 2018 PGA Championship
‘The Little Things' That Makes Summer All The More Enjoyable
Big Android Breakthrough: Huawei's power packed GPU Turbo upgrade will turn you...
XTouch Announces the Launch of the Robot Family Range of Rugged Mobile Phones
American Eagle Takes It to the Ne(X)t Level With Fall Jeans Campaign
du LaLiga HPC Top Talents Arrive in Spain for 21-day Annual Scouting Camp
Let your kids enjoy some dancing at James & Alex Dance Studios
FREE DANCE WEEK is back at James & Alex Dance Studios
The new Hamilton Khaki Field Mechanical
Why Are Chipmakers Making Smaller and Smaller Processors?
VIP Golf Austin Offers Golf Packages For the Avid Tourist
Raymond Weil unveils a new collaboration with Marshall Amplification
Chronoswiss Limited Edition of Flying Grand Regulator Skeleton
Eyesight restored in a rare case of Optic Neuritis
Aperitivo di Ferragosto
Dubai Tourism Publishes ‘12 Steps Towards Sustainability' Manual to Guide Hotels...
LG to Introduce Advanced Stylers With Ai Voice Recognition and Mirrored Glass De...
Samsung Launches the Galaxy Note9 in the UAE
Free Wellness Workshop to address Physical and Mental health issues
Aster Disaster Support Team mobilized to help Kerala flood victims
Department of Culture and Tourism – Abu Dhabi brings excitement to children at S...
Mohamed Bin Zayed Majlis for Future Generations Announces its Second Edition
Carried out by Kalimat Foundation for Children's Empowerment
Freight Growth Slowdown Continues In June
DXC Technology and Amazon Web Services (AWS) Collaborate to Modernize IT Service...
RERA Partners with CBD to Offer Escrow Services for Owners' Association
Secondary Infertility: A Confusing & Emotional Ride Affecting Millions of Women
Turkish Airlines posted USD 258 million Operating Net Profit in the first half o...
Baroncelli Big Date collection from Mido