Monkey Drainer Ends Phishing Service Amid Growing Pressure

03/01/2023 08:45 • Digital Disruptors • 97 views

On March 1, according to the screenshot shared by PeckShieldAlert on Twitter, the phishing fraud team Monkey Drain announced that it would close its service. Monkey Drainer said in the announcement that Monkey Drainer will be closed immediately and all files, servers and devices related to Monkey Drainer will be destroyed immediately.

The phishing fraud team Monkey Drainer announced that its service was closed

Analysis based on this information:

Phishing has long been a major problem in the world of cybersecurity. Attackers use various social engineering tactics to trick people into revealing sensitive information, such as passwords and credit card details. One of the most common ways attackers achieve this is through phishing emails, which mimic legitimate messages to deceive recipients.

Recently, one phishing service, Monkey Drainer, announced that it would be closing down its operation. According to a screenshot shared by PeckShieldAlert on Twitter, Monkey Drainer’s fraud team made an announcement on March 1 that it would end its services immediately. The team also stated that all files, devices and servers related to the operation would be destroyed.

The closure of Monkey Drainer has come amid growing pressure on phishing services generally. As phishing attacks continue to spread, many organizations and individuals are realizing the extent of their damage. From financial loss to data theft and reputation damage, the risks associated with phishing attacks are significant. Therefore, governments, regulatory bodies and cyber security experts are working to clamp down on these fraudulent activities.

At the same time, many hacking and phishing groups are also feeling the pressure from law enforcement agencies worldwide. Recently, a coordinated international crackdown led to the arrest of over 700 alleged members of criminal gangs involved in phishing and other cyber crimes. Consequently, many other groups may be feeling the heat and closing down operations.

Without any further information from Monkey Drainer as to why they are ending their operation, it is difficult to know whether pressure was indeed the reason behind the decision. However, regardless of the reason, the announcement is a positive one for cybersecurity professionals and their ongoing fight against phishing attacks.

In conclusion, the announcement that Monkey Drainer, a phishing service, is to end their operation with immediate effect is a positive development for cybersecurity. While the reasons for the closure are unknown, it is clear that the pressure from governments, regulatory bodies and law enforcement agencies is making it tougher for phishing and cybercrime groups to operate. This development serves as a message to other cybercriminals that their unlawful activities can no longer go unchecked.

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Monkey Drainer Ends Phishing Service Amid Growing Pressure

The phishing fraud team Monkey Drainer announced that its service was closed

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