Fortnite has been a huge success for Epic Games. The game boasts hundreds of millions of players and was one of the most played games of 2018. Cybercriminals have seen the potential in the game and have created a Fortnite money laundering scheme.
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According to a cyber intelligence firm, the format of the game and how popular it is makes the Fortnite money laundering scheme easy to pull off.
Fortnite’s’ format and popularity have drawn the attention of cybercriminals, and resulted in a thriving criminal eco-system around the game.
The cyber intelligence firm went on to explain that, as the game increases in popularity, the Fortnite money laundering scheme will also continue to become bigger and harder to weed out.
As the game’s popularity increases and the financial system around it becomes more diverse, fraud involving games such as Fortnite is likely to become more prevalent.
Epic Games has acknowledged the Fortnite money laundering issue and plans to crack down on the cybercriminal activity surrounding the popular game.
Epic Games takes these issues seriously, as chargebacks and fraud put our players and our business at risk. As always, we encourage players to protect their accounts by turning on two-factor authentication, not re-using passwords and using strong passwords, and not sharing account information with others.
Remember, buying and selling Fortnite accounts is against the game’s end-user license, which you agree to when you sign up for an account. This means that Epic Games can, and probably will, close Fortnite accounts if they’re found out to be sold. Also, stealing people’s credit card details is a crime, if you were unsure about that.
How Does Fortnite Money Laundering Work?
A cybercriminal will steal someone’s credit card details. The criminal will then open a free Fortnite account and stack the account with in-game currency using the stolen credit card details. Once they’ve loaded up the Fortnite account, they use third-party paying sites like eBay to sell these loaded up Fortnite accounts for a fraction of the in-game currency loaded to the account.
Big amounts of Fortnite money laundering is taking place on a massive scale, with the cyber intelligence firm reporting that close to $250 000 worth of Fortnite items and accounts have been sold on eBay in the past week, alone.
With the recent surge in the popularity of ‘Fortnite,’ an online game boasting more than 125 million players and monthly revenues in the hundreds of millions of dollars, cybercriminals have flocked to this massively successful game and begun exploiting it to commit financial fraud.
With new technologies and games emerging all the time, cybercriminals also learn new ways to commit crimes online.
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