Cyber Security

Cyber Police of Ukraine Busted Phishing Gang Responsible for $4.33 Million Scam

Mar 31, 2023Ravie LakshmananCyber Crime / Hacking News

The Cyber Police of Ukraine, in collaboration with law enforcement officials from Czechia, has arrested several members of a cybercriminal gang that set up phishing sites to target European users.

Two of the apprehended affiliates are believed to be organizers, with 10 others detained in other territories across the European Union.

The suspects are alleged to have created more than 100 phishing portals aimed at users in France, Spain, Poland, Czechia, Portugal, and other nations in the region.

These websites masqueraded as online portals offering heavily discounted products below market prices to lure unsuspecting users into placing fake “orders.”

In reality, the financial information entered on those websites to complete the payments were used to siphon money from the victims’ accounts.

“For the fraudulent scheme, the participants also created two call centers, in Vinnytsia and in Lviv, and involved operators in their work,” the Cyber Police said. “Their role was to convince customers to make purchases.”


Become an Incident Response Pro!

Unlock the secrets to bulletproof incident response – Master the 6-Phase process with Asaf Perlman, Cynet’s IR Leader!

Don’t Miss Out – Save Your Seat!

The nefarious scheme is estimated to have duped over 1,000 individuals, earning the operators approximately $4.33 million in illicit profits.

As part of the probe, law enforcement authorities carried out over 30 searches and confiscated mobile phones, SIM cards, and computer equipment used to carry out the activities.

Criminal proceedings have been initiated against the perpetrators, who may face a maximum sentence of up to 12 years in prison.

Found this article interesting? Follow us on Twitter and LinkedIn to read more exclusive content we post.

Articles You May Like

New Frontiers, Old Tactics: Chinese Espionage Group Targets Africa & Caribbean Govts
Samsung Galaxy Z Fold 6 Slim Tipped to Debut Later This Year With Larger Display; May Lack S Pen Support
Vivo X Fold 3 Pro Teased to Launch in India Soon, to Go on Sale Through Flipkart
Beware: These Fake Antivirus Sites Spreading Android and Windows Malware
Vivo X Fold 3 Pro India Launch Date Set for June 6: Expected Price, Specifications