CloudSEK Unmasks Massive Social Media-Based Counterfeit Currency Network

CloudSEK unmasks multi-crore counterfeit currency syndicate operating openly on social media

CloudSEK has exposed a well-organised counterfeit currency network flourishing openly on social media platforms. In a first-of-its-kind investigation, CloudSEK’s STRIKE team has not only quantified the spread—₹17.5 crore worth of…

CloudSEK Unmasks Massive Social Media-Based Counterfeit Currency Network

CloudSEK, a cybersecurity firm, announced that it has unmasked a syndicate involved in printing and selling counterfeit Indian currency. As per the firm, the group was marketing the fake notes via social media platforms such as Facebook and Instagram, and even used authentic marketing channels such as Meta ads. As per the report shared by the company, the group spread Rs. 17.5 crore worth of fake currency in just the last six months.

CloudSEK unmasks multi-crore counterfeit currency syndicate operating openly on social media - CRN

CloudSEK has exposed a well-organised counterfeit currency network flourishing openly on social media platforms. In a first-of-its-kind investigation, CloudSEK’s STRIKE team has not only quantified the spread—₹17.5 crore worth of […] The post CloudSEK unmasks multi-crore counterfeit currency syndicate operating openly on social media appeared first on CRN

₹17.5 crore fake currency scam busted on Facebook and Instagram, CloudSEK reveals

New Delhi: Until recently, most of us thought fake currency was either a dark web problem or a back-alley printer job. But a new investigation by CloudSEK flips that assumption on its head. In a six-month deep dive, the cybersecurity firm’s STRIKE team uncovered a full-blown fake note syndicate running wide open on social media, with transactions worth ₹17.5 crore. And this wasn’t hidden in some encrypted Telegram channel or dark forum. It was h…