Security News > 2021 > July > Dutch Police Arrest Alleged Member of 'Fraud Family' Cybercrime Gang

Dutch Police Arrest Alleged Member of 'Fraud Family' Cybercrime Gang
2021-07-23 14:00

Authorities in the Netherlands have arrested a 24-year-old believed to be a developer of phishing frameworks for a cybercrime ring named "Fraud Family."

According to the Dutch National Police, the man worked together with a 15-year-old accomplice to develop and sell phishing panels that allowed cybercriminals to steal banking credentials from unsuspecting users.

According to threat intelligence company Group-IB, which helped the investigation, Fraud Family is a Dutch-speaking crime syndicate that builds, sells, and rents sophisticated phishing frameworks.

Impersonating legitimate financial organizations, the attackers typically approach victims via email, SMS, or WhatsApp messages, and trick them into clicking on malicious links that take them to phishing websites where they are prompted to share their login credentials.

The frameworks allow adversaries to interact with the phishing site in real time and also include data collection and management capabilities.

Fraud Family members used Telegram channels to advertise their services, including phishing tools and ready-to-use infrastructure.


News URL

http://feedproxy.google.com/~r/securityweek/~3/bKCj36f0Azw/dutch-police-arrest-alleged-member-fraud-family-cybercrime-gang