Security News > 2023 > March > Cyber Police of Ukraine Busted Phishing Gang Responsible for $4.33 Million Scam

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.

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."

"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.

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.

News URL

https://thehackernews.com/2023/03/cyber-police-of-ukraine-busted-phishing.html