49 arrested in the EU for phishing. Do you need more reasons to use web filter?
The joint effort led to 49 arrests of gang members that are believed to be part of committing fraud for about six million euro during a very short period.
The suspects used man-in-the-middle attacks and phishing tactics to gain access to corporate email accounts in order to monitor their payment requests. The scammers then contacted the company’s customers, posing as the legitimate company, and instructed them to send payments to the illegitimate accounts where the money was laundered.
The group of cybercriminals were mainly active in Italy, Spain, Poland, the United Kingdom, Belgium and Georgia. The suspects, mainly from Nigeria, Cameroon and Spain, transferred the illicit profits to outside the European Union through a sophisticated network of money laundering transactions.