No, your captcha isn't to prove you're human. Let that sink in. These are cleverly constructed redirect gateway pages disguised as a human-verification page.
After reporting several hundred Google pages sent in spam it occurred to me that something wasn't quite right. Many sites use captchas, and the public has become very comfortable with performing them. But what if they really aren't trying to see you're human? What if their main purpose is recording you, tracking you and sending you to a cyber crime Phishing or Scam page? What if they're fake. So I decided to analyze the code . . . .
Take a look at the code

Note in the code, the cyber crooks have included an invisible notation telling the programmer to insert a new spam address into that spot.
The most significant characteristic of the entire captcha page is that the apparent verification process does not perform actual verification.
It doesn't. There's simply no code that functions to "prove" you're human. It does do a number of things.
This is arguably the most important line in the entire document:
This is the "destination" link. The initial link was at Google.com. This link takes you to a spoofed Cloud Storage scam. The slider is an engagement gate. It requires interaction before exposing the user to the final destination. The destination is configurable. The hardcoded URL contains campaign-style identifiers, which may help the cyber criminals distinguish traffic sources or campaigns -- to stalk you. They finish the deception by showing you an 800-millisecond delay, giving the page time to display a convincing success message before navigating away.
The slider itself does not steal credentials or payment information. Its role is to move the visitor to the next stage. The fraudulent phishing arrival page is where the actual financial deception occurs. It is a phishing delivery mechanism disguised as human verification, with a fraudulent cloud-storage purchase page at the end of the redirect chain.
The most significant characteristic is that the apparent verification process does not perform actual verification. It merely requires a user to move a slider to its endpoint before sending the browser to an externally specified destination. That pattern can be used in legitimate advertising and traffic-routing systems, but it can also be used in deceptive redirects and phishing campaigns.
Why are Google-hosted CAPTCHA links being used as an intermediary in unsolicited (spam) email campaigns that ultimately deliver fraudulent product purchase pages?
Yes, it is truly incredible. Each day, thousands of victims are attacked -- maybe millions. They have no idea what hit them. So far we have been unable to find a programmer with the capability nor the desire to write code to take over this task. AI engines tell us they can't do it ... it still takes a human to see whether or not it's a criminal act.
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