Thanksgiving and Black Friday were marred with several Cyber Bots related trade controversies

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Have you bought a gift for this thanksgiving or black Friday at an exuberant price that you never expected? Then you could have fallen prey to a cyber attack propelled by Cyber Bots.

Want to know more about this scam? Then just go through the article further to enlighten your mind.

Many online scammers were seen targeting online websites with Cyber Bots that used to buy the goods at discounted prices and sell them at an exuberant price on platforms such as eBay and such.

And if the demand doesn’t meet the supply, people desperate not to disappoint their children were forced to buy those products listed on Ebay, ending up in paying almost double the price that could have been bagged for a 50% discounted price on shopping platforms like Amazon, Target and such.

It is usually a kind of trade scam where some mean guys launch BOT attacks on the shopping websites to grab the best out of a deal for a specific product. And as the product is scarce, some desperate people then see the listed section on eBay that is filled with the products of their choice at exuberant rates. Sometimes the price hike can be triple the actual price brought from a usual shopping platform such as Amazon.

What’s crazy about this trading scam is that the software that assists a buyer in bagging the best deal is openly available on the dark web for as low as $10.

So, some families, mostly from America and a small portion from UK, were seen buying the software and then shopping for their items, such as lego sets and video games, without the fear that the stocks might get exhausted and pay up more.

Therefore, it is better if shoppers are vigilant about such scams and evade shopping on busy days. Instead, they can opt for nonseasonal days such as May and February, where the product availability will be in equilibrium with the demand, giving an excellent value for the investment.

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Naveen Goud
Naveen Goud is a writer at Cybersecurity Insiders covering topics such as Mergers & Acquisitions, Startups, Cyber Attacks, Cloud Security and Mobile Security

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