Security News > 2022 > October > INTERPOL arrests ‘Black Axe’ cybercrime syndicate members
INTERPOL has arrested over 70 suspected members of the 'Black Axe' cybercrime syndicate, with two believed to be responsible for $1.8 million in financial fraud.
The crime syndicate first became involved with cybercrime in 2015, suspected of orchestrating numerous romance and "419 scams."
"Black Axe and similar groups are responsible for the majority of the world's cyber-enabled financial fraud as well as many other serious crimes, according to evidence analyzed by INTERPOL's Financial Crime and Anti-Corruption Centre and national law enforcement," explains INTERPOL's statement on the operation.
The arrests yielded 13 analytical reports, seven INTERPOL "Purple notices" to detail the modus operandi of the criminals, and six INTERPOL "Red notices" targeting internationally-wanted fugitives.
Last month, INTERPOL dismantled a sextortion ring operating from Singapore and Hong Kong, arresting 12 suspects for further investigation.
In May, INTERPOL traced down three Nigerians in Lagos suspected of deploying remote access trojans to steal account credentials and reroute financial transactions.