Large-Scale Ad Fraud Ring is Stealing Millions of Dollars a Day

From engadget

Security firm White Ops says it has discovered an ad fraud scheme raking in up to $3 million per day, making it the largest such operation ever. Called Methbot, because of drug references in the code, it tricks ad networks into playing videos on fake websites, which are in turn "watched" by bots that simulate real users. The networks then pay the scammers, reportedly located in Russia, effectively flushing advertisers' and publishers' money down the toilet.

The operation is unprecedented in its complexity, the security firm says, and may have cost the hackers as much as several hundred thousand dollars per day. 

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