Scammers Have Been Leveraging The Current Situation in Ukraine To Their Advantage

During Russia’s invasion of Ukraine, there has been an outpouring of solidarity for the Ukrainian people. As the battle progresses, people all across the world are doing their best to help, whether by donating supplies or money. Unfortunately, this has opened the door for con artists to take advantage of people’s kindness and compassion through a variety of schemes.
June 10, 2022
Ukraine

During Russia’s invasion of Ukraine, there has been an outpouring of solidarity for the Ukrainian people. As the battle progresses, people all across the world are doing their best to help, whether by donating supplies or money. 

Unfortunately, this has opened the door for con artists to take advantage of people’s kindness and compassion through a variety of schemes. Many of the tainted websites, phishing emails, and phony fundraisers started shortly after the invasion, which many consider being the catalyst for one of the world’s worst humanitarian disasters in recent years. Many experts believe that as long as the war continues, fraudulent activity will increase because it allows scammers to take advantage of many of the emotional responses it provides.

People Trying To “Make a Difference” by Doing Harmful Deeds

Harmful Deeds

It’s gratifying to watch individuals band together in times of distress to support others who are suffering, a reminder that there’s more good in the world than we might imagine. 

However, for every group of people trying to make a difference by doing good deeds, there is another group of people trying to make a difference by doing bad deeds, and the only thing they want is your money – and if they can make a profit while doing so, they won’t hesitate to take advantage of the opportunity, which has resulted in a slew of new Ukraine charity phishing scams. It’s regrettable that catastrophes like Russia’s invasion of Ukraine can result in an increase in cybercrime like phishing, but it’s an unpleasant reality. 

Scammers immediately began preying on sympathetic individuals, as they do whenever there is a catastrophe. Russian cybercriminals are also set to work right away. Since their campaign on Ukraine began, phishing attacks from Russia-based sources have increased eight-fold. Suspected Russian threat actors also phished EU members working in Ukraine using a stolen authentic Ukrainian military email address. 

Bad actors are well aware that difficult times provide ideal conditions for social engineering, with a plethora of potential victims. Because people are already restless, the bad guys just need to push a little to get their targets where they want them. 

COVID-19-themed phishing scams flooded inboxes from the start of the epidemic, employing phony COVID-19 monitoring maps, fraudulent government warnings, bogus workplace policy changes, and other frauds to phish for credentials and transmit malware like ransomware. Another large wave of scams was unleashed by the Omicron variant, with email phishing exploiting even more ghastly lures, including phony layoff or termination warnings, malicious exposure notices, and even fake information regarding funeral expenses aid. Now the scammers are back at it, and a charity phishing scam from Ukraine is guaranteed to hit your inbox shortly. 

Make no mistake: these types of scams are just as dangerous for businesses as they are for consumers. Employees are increasingly using work gadgets for personal activities, such as charitable donations, as the barriers between work and personal devices become increasingly blurred. Furthermore, with millions of people working from home throughout the world, fraudsters will be eager to take benefit of the fact that remote employees are more vulnerable to phishing than office workers. Overall, this is an ideal chance for thieves to engage in phishing. 

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How The Scams Work…

Scam Alert

As scammers aim to take advantage of the circumstances, he said three specific scams have begun to develop. 

The first is a phony donation request. Fraudsters bombard consumers with emails and SMS messages urging them to donate money to war victims. A hyperlink to a fake charity website is included in the communications. The messages could be focused on a large number of people currently on so-called scammers lists who have been a victim of fraud in the past or who are likely to be targeted by fraudsters. 

The second scam involves scammers posing as war victims and requesting money through emotional posts. Finally, there is a variation of a common scam in which a person impersonates a Ukrainian businessman who is attempting to transport money out of the country and requires the use of a bank account outside of Ukraine. In reality, a scam artist is attempting to obtain the volunteer’s bank account details and use them to drain their finances.

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The Many Types of Scams They Are Employing

Email scams are the most popular type of scam that has surfaced. One email scam, for example, features a logo that matches the color pattern of the Ukrainian flag and requests donations in US dollars or cryptocurrency for humanitarian organizations. 

Another dubious piece of digital mail encourages users to donate money to aid youngsters caught up in the war or to help the Ukrainian military buy more weapons.  There are also a lot of fraudulent fundraising websites. Researchers uncovered a few web properties with the same colors as the Ukrainian flag, as well as images of troops and conflict. Many will pretend to be seeking aid but refuse to say how the funds will be spent. Many of them will also be on prominent social media platforms, giving them the appearance of being more trustworthy than they are.

How To Avoid The Wrath of Insensitive Scammers

While it is very easy to be duped by bogus charities in Ukraine, it is not difficult to avoid them. Enlisted are some things you can do to avoid falling victim to a scam.

  • Maintain vigilance. Fake donations and politically motivated robocalls are just a few of the frauds that might be expected. They usually persuade their victims to join the Bitcoin bandwagon. As a result, you should avoid opening attachments or visiting URLs from unknown sources since they may contain harmful software. 
  • Research. It’s a better idea to research before making any donations. Examine the webpage for inconsistencies and the organization’s contact information. Always remember that if something doesn’t appear to be right, it usually isn’t, and you should avoid it.
  • Stick to sources you know and trust. Rather than committing any funds to a charity, you don’t trust, look for one that you can trust. Make sure you don’t put your financial information on a website that isn’t well-known.

Key Takeaways!

Scammers will take advantage of every circumstance that presents itself to them, and the current situation in Ukraine is no exception. So, when you make a donation, make sure you do your research to guarantee that your money is going to the correct area.

Prevent different kinds of scams with the help of Chargebacking. Stay updated about scams, visit our news page.

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