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Italy Starts Seizing Large-Scale Fake E-Commerce Websites

  • Cybersecurity firm Yarix unearths 13,000 fake web shops
  • Network consists of phony sites that steal buyers’ data

Italian officials have this week begun seizing what could be one of the world’s largest networks of online fake shops, which have defrauded would-be customers by appearing to offer discounted goods from luxury brands such as Giorgio Armani SpA and Prada SpA that never materialize.

The illicit network of more than 13,000 online fake shops, discovered by the Italian cybersecurity firm Yarix, is allegedly managed by a group of Chinese cyber-criminals, as suggested by infrastructure code as well as the payment system’s gateway, according to people familiar with the matter, who asked not to be named discussing confidential information.