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06 Jan 2017

Security experts have uncovered what appears to be the biggest and most profitable advertising fraud scheme known to date.

In a report released Tuesday, cybersecurity firm White Ops mapped out a massive operation through which Russian cybercriminals are stealing millions of dollars from publishers and advertisers in the form of fake video views.

Nicknamed "Methbot" for the frequent references to the drug in its code, the ongoing scheme involves an army of bots whose sole purpose is to watch as many as 300 million video ads per day, thus tricking brand advertisers into paying millions of dollars for fake views.

The company believes it to be the work of a ring of Russian hackers, who researchers say have netted...