Law enforcement agencies from Europe have cracked down on an organized group that is associated with the Italian Mob and has been involved in all manner of cybercrime, including phishing campaigns, SIM swapping and Business Email Compromise (BEC). The criminal network was also involved in identity theft, money laundering, drug trafficking, property crime, arms dealing and other exceedingly violent crimes.
“The suspects defrauded hundreds of victims through phishing attacks and other types of online fraud such as SIM swapping and business email compromise before laundering the money through a wide network of money mules and shell companies. Last year alone, the illegal profit is estimated at about € 10 million,” reads Europol’s press release.
🏦 118 bank accounts frozen
💳 224 credit cards and point-of-sale terminals seized
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