Spam Trail Leads to China’s Three Largest Banks

A researcher made 300 purchases of fake luxury goods online and found that 97 percent were handled by China’s largest three banks.

An academic’s investigation into the underpinnings of the fake luxury goods spam that pollutes in-boxes, social networks, and search results sheds new light on the economics of online crime—and implicates some of the largest banks in the world.

Fake luxury goods stand alongside pharmaceuticals as one of the primary drivers of spam. Damon McCoy, an assistant professor of computer science at New York University, is mapping out and attacking the economic system behind it.

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