Mobile Phishers Target Brokerage Accounts in ‘Ramp and Dump’ Cashout Scheme

Mobile Phishers Target Brokerage Accounts in ‘Ramp and Dump’ Cashout Scheme

Cybercriminal groups peddling sophisticated phishing kits that convert stolen card data into mobile wallets have recently shifted their focus to targeting customers of brokerage services, new research shows. Undeterred by security controls at these trading platforms that block users from wiring funds directly out of accounts, the phishers have pivoted to using multiple compromised brokerage accounts in unison to manipulate the prices of foreign …

Mobile Phishing Attacks Target Brokerage Accounts in ‘Ramp and Dump’ Stock Manipulation Scheme

A significant surge in mobile phishing attacks targeting brokerage accounts has emerged in 2024 and continued into 2025, with cybercriminal groups deploying sophisticated phishing kits and adapting their tactics to circumvent enhanced security measures. The primary methodology in these attacks is the “ramp and dump” scheme, which involves manipulating stock prices through coordinated use of compromised brokerage accounts. The pattern follows bro…

Mobile Phishers Target Brokerage Accounts In ‘Ramp And Dump’ Cashout Scheme – Krebs On Security - Cybernoz - Cybersecurity News

Cybercriminal groups peddling sophisticated phishing kits that convert stolen card data into mobile wallets have recently shifted their focus to targeting customers of brokerage services, new research shows. Undeterred by security controls at these trading platforms that block users from wiring funds directly out of accounts, the phishers have pivoted to using multiple compromised brokerage accounts in unison to manipulate the prices of foreign …