SOCRadar® Cyber Intelligence Inc. | Phishing in E-commerce: Understanding Digital Threats Effectively


Dec 06, 2023
4 Mins Read

Phishing in E-commerce: Understanding Digital Threats Effectively

In the rapidly evolving digital marketplace, the threat of phishing in e-commerce has become a critical concern. To navigate these treacherous waters, SOCRadar’s “E-Commerce Cyber Bible” offers invaluable insights, presenting an in-depth analysis of the current state of cyber threats in the e-commerce sector. This comprehensive report is a must-read for anyone looking to understand and mitigate these risks.

Alarming Trend of Phishing in E-commerce

phishing in e-commerce
The total count of potential phishing domains for various e-commerce platforms identified by Phishing Radar.

Phishing, a critical component of cyber security threats, involves tricking individuals into revealing sensitive information. In e-commerce, this often translates to attempts at stealing credit card information, login credentials, and personal data. The complexity of these attacks, including spear phishing and various phishing attack samples, demonstrates cyber threats’ evolving and cunning nature.

Spear phishing poses a particularly insidious threat in e-commerce. This targeted form of phishing often focuses on high-level individuals within an organization, using personalized information to breach sensitive systems.

Types of Threats Targeting E-commerce

Prevention strategies must encompass educating customers and employees about the risks of phishing, verifying the authenticity of communications, and implementing advanced security measures such as two-factor authentication and regular security audits.

Phishing extends beyond emails, including vishingsmishing, and social media phishing. This broad spectrum necessitates a comprehensive cybersecurity approach to combat these diverse threats effectively.

Phishing in e-commerce is frequently aimed at credit card fraud, employing tactics like fake checkout pages or skimming devices. Effective credit card fraud detection mechanisms are thus essential for maintaining consumer trust and financial integrity.

A Deeper Dive into the Report’s Findings

E-commerce as a Prime Target

E-commerce platforms are increasingly targeted due to the high volume of transactions and the wealth of personal and financial data involved.

The Rise of HTTPS in Phishing Sites

phishing in e-commerce
The shift from HTTP to HTTPS on e-commerce impersonating sites detected by SOCRadar from 2021 to 2023.

The report reveals a significant surge in the use of HTTPS by phishing sites, with almost 80% of threat actors adopting HTTPS in 2023, complicating user detection.

Gift Card and Credit Card Fraud on the Dark Web

phishing in e-commerce
A gift card code generator post on the dark web. (Source: SOCRadar)

Cybercriminals are actively involved in selling tools like gift card code generators and credit card checker software on the dark web, highlighting a thriving market for fraudulent tools targeting e-commerce.

Surge in Phishing Attacks and Stealer Malware

A significant increase in phishing attacks and the discovery of nearly 5 billion logs containing multiple credentials due to ‘stealer malware‘ underscores the escalating threat landscape.

Operation Phantom Purchase: Understanding E-commerce Fraud

Operation Phantom Purchase” is a case study in the report that illustrates the complex web of e-commerce fraud operations.

Cyber Tales: Making Cyber Threats Relatable

The report employs narrative storytelling to make complex cyber threats more relatable, highlighting the ongoing battle against digital threats in e-commerce.

Impersonation Domains and Credit Card Frauds

Exploiting impersonation domains and stolen credit card data are among the tactics detailed in the report, emphasizing the need for vigilant detection and prevention.

The Dark Web’s Influence on E-commerce Fraud

The commodification and exploitation of stolen credit card data and personal information on the dark web are major concerns in e-commerce fraud.

Digital Fraud Tactics and Countermeasures

The report discusses various digital fraud tactics and countermeasures, including domain and dark web monitoring services offered by SOCRadar.

A Call for Proactive Defense Against Phishing in E-commerce

The rise of phishing in e-commerce demands proactive defense strategies, combining advanced technology, continuous education, and vigilant cybersecurity practices. SOCRadar’s “E-Commerce Cyber Bible” is an essential resource in this battle, offering detailed insights and countermeasures against these threats. To gain a comprehensive understanding and stay ahead in the fight against e-commerce cyber threats, downloading and studying this report is highly recommended for businesses and cybersecurity professionals alike.