Good news ! Hackbusters community is waiting for you !
KnowBe4 has been running the HackBusters site for a few years now, providing you with trending IT security news. We are expanding it and have launched a new exciting online community! The forum is divided into four main topics or categories: Social Engineering, Ransomware, Phishing and Security Awareness Training. You are invited to be one of the first to join us at:

Inside a Giant Dark Web Coupon Counterfeiting Scheme


The dark web has become notorious for the sale of drugs, stolen financial data, and even guns, but in their latest crackdown, the feds are dragging another unlikely cash cow of the contraband underground into the spotlight: counterfeit coupons. These fakes were good for hundreds of millions of dollars worth of every consumer product from kitty litter to Clif bars to condoms.

On Thursday, the FBI indicted 30-year old Beau Wattigney, a Louisiana-based technician for ITT Technical Institute, on charges of wire fraud and trademark counterfeiting on the Dark Web marketplaces Silk Road and Silk Road 2. More specifically, Wattigney is accused of being the online coupon kingpin known as ThePurpleLotus or TheGoldenLotus, a figure who sold packages of coupons for virtually every consumer product imaginable including alcohol, cigarettes, cleaning supplies, beauty products, video games, and consumer electronics. The spoofed coupons—in most cases offering discounts just as effective...(continued)

View All Trending Stories