One stocks spam operation has been working very hard in the last week to pump a few German stocks. Not only have they been spamming in both German and English, but they have used a variety of spamming techniques in quick succession and have been sending huge volumes of spam.

In the last few days in March we saw S3C.F being spammed in German. This campaign was in the more traditional text format.

The spammers obviously weren’t happy with their response as they quickly turned to image spam and a new stock (L9Z.F) a few days later to try and increase their response.

Then a few days later again the same images were being spammed but in a more unusual fashion. Hundreds of images similar to the one above were uploaded to imageshack.us, a free image hosting site and then sent out in a high volume spam campaign with just links to these images and some random text.

Although we have seen some US stock spam campaigns in the same period the German ones have outnumbered them by far which is an unusual twist in the story of this type of spam. I wonder if it has anything to do with the spammer mentioned in our previous blog?