The FBI stated that, “These advertisements have also been used to impersonate websites involved in finances, particularly cryptocurrency exchange platforms”.
The malicious websites pose as reputable exchange platforms and request users to provide their login and payment details, which the cybercriminals then use to steal the victim's money.
The FBI added, “While search engine advertisements are not malicious in nature, it is important to practice caution when accessing a web page through an advertised link”.
What FBI Recommends
Businesses are urged to employ domain protection services to educate users on faked domains and how to obtain legitimate downloads for the company's software, as well as to be alerted to domain spoofing.
Users are asked to use ad blockers while conducting internet searches, to check URLs to make sure they reach legitimate websites, and to type a company's URL into the browser rather than searching for that company.
Even the NSA and CIA are apparently employing ad blockers, despite the fact that they might have a negative effect on the earnings of online businesses and advertisers.
You can also report the fraud to your local FBI field office if you think you've fallen victim to fraud or malware based on brand impersonation via search engine adverts.
The FBI also recommends victims to file complaints with the FBI Internet Crime Complaint Center at www.ic3.gov about fraudulent or suspicious activity.