FBI dismantles Chinese phishing service that coached buyers to generate scam sites using AI —$88 cybercrime product linked to $1.9 billion in losses, 3.87 million stolen cards

The FBI, Google, and Lumen Technologies have taken down a phishing service based in China named Outsider Enterprise. The operation provided tools for creating fake websites to steal personal information. It was linked to a product sold for $88 that contributed to significant financial losses. The service was responsible for stealing over 3.87 million credit cards. Cybersecurity experts believe the operation had a major impact on global online security. The collaboration between law enforcement and tech companies highlights efforts to combat cybercrime. This action aims to reduce the availability of such malicious tools online.

This operation posed a major threat to global cybersecurity and financial systems.