FBI takes down massive China-based cybercrime network that caused $1.9B in losses

The FBI, working with Google and Lumen Technologies, dismantled 'Outsider'—an AI-powered, China-based phishing-as-a-service operation that facilitated phishing campaigns across 55 countries, was tied to an estimated $1.9 billion in losses and nearly 3.9 million stolen credit cards. Authorities seized domains, a Shopify storefront, roughly $100,000 from payment wallets, and used an Outsider Telegram bot to access customer data as part of Operation Ghost Hook (within the broader Operation Riptide).