Netflix, which is expected to break its forecast of 7 million new global subscribers when Q1 results are released on Tuesday, is the primary target as millions of potential new customers seek entertainment while confined to their homes.
Cybersecurity firm Mimecast has identified around 700 suspected fraudulent websites spoofing the identity of the world’s most popular streaming service, which appeared between April 6 and Easter.
The new Disney +, which truly launched its international rollout last month in major Western European markets, including the United Kingdom, was emulated by four new websites in the same week-long period.
Some of the counterfeit sites may seem overwhelmingly convincing, selling subscriptions or free accounts to collect personal and credit card data, though most are poorly designed and contain language errors that qualify them as suspicious.
“We have seen a dramatic increase in suspicious domains masquerading as a variety of giants of harmful streaming,” said Carl Wearn, head of cybercrime at Mimecast.
“These fraudulent websites often attract unsuspecting members of the public with an offer of free subscriptions to steal valuable data. The data collected includes names, addresses and other personal information, as well as the theft of credit card details for financial gain. “
Government bottlenecks to curb the spread of the coronavirus have proven to be a boon for television – British broadcasters recorded a 29% year-over-year increase in viewing over Easter – and public services. ‘subscription.
Disney +, whose content offering includes the hit $ 100 million series Star Wars The Mandalorian, nearly doubled the number of subscribers to 50 million between February – when the virus took hold – and early April.
Netflix, which has more than 160 million subscribers worldwide, saw its market value reach a record $ 192 billion during the lockdown – more than Disney, the world’s largest entertainment company.
“This Covid-19 environment is a boon for streaming giants like Netflix,” said Daniel Ives, managing director of equity research at Wedbush Securities.
“Technology pillars like Netflix and Amazon continue to drive the global technology market higher as investors realize that the strong are getting stronger. While the Covid-19 environment is tragic and caused a short-term economic collapse, Netflix is for the right place at the right time at the right time with Disney, Apple, NBC Universal’s Peacock and soon HBO Max in pursuit of this landscape in streaming. Added Ives.
Cybercriminals are also usurping the identity of official bodies such as the HMRC and the World Health Organization in fraudulent text messages and e-mails in order to exploit the coronavirus epidemic.
The UK Payment and Credit Unions Unit, which includes London City and Metropolitan Police officers, has carried out searches in Leicestershire, Dorset and South has been in London for the past few weeks, and has seized cellphones and other devices related to the Covid-19 scams. .
“By working closely with banks and mobile phone companies, we are successfully cracking down on criminals by using the Covid-19 epidemic to defraud vulnerable members of the public,” said Detective Chief Inspector Gary Robinson. .
“This sends a clear message to those who mercilessly seek to exploit this national crisis to commit fraud: we will track you down and bring you to justice.”