- Joined
- Dec 3, 2020
- Messages
- 1,293
In total, the group stole 504.8 thousand euros, of which 240 thousand euros - from one victim.
As a result of a law enforcement operation, Spanish National Police officers arrested 94 people suspected of fraud with SIM cards (the so-called SIM swap). According to the press service of the police, all those arrested are members of the same cybercriminal group, where everyone was assigned their own role (making fakes, money laundering, cash withdrawals, etc.).
A law enforcement operation took place over the past week, the arrested are charged with fraud, money laundering, participation in a criminal group and even falsification of marital status.
The criminal group acted as follows: first, using phishing scammers received access codes for the victim’s online banking. Thus, fraudsters gained access to the account, but could not carry out transactions due to two-factor authentication in the form of SMS messages to confirm operations.
To intercept SMS messages, attackers used “clones” of SIM cards. With the help of fake documents, they misled the employees of the communication salons and received duplicate SIM cards from their victims. Thanks to this, fraudsters could receive messages from banks necessary to confirm monetary transactions.
In total, the group stole 504.8 thousand euros, of which 240 thousand euros - from one victim.
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As a result of a law enforcement operation, Spanish National Police officers arrested 94 people suspected of fraud with SIM cards (the so-called SIM swap). According to the press service of the police, all those arrested are members of the same cybercriminal group, where everyone was assigned their own role (making fakes, money laundering, cash withdrawals, etc.).
A law enforcement operation took place over the past week, the arrested are charged with fraud, money laundering, participation in a criminal group and even falsification of marital status.
The criminal group acted as follows: first, using phishing scammers received access codes for the victim’s online banking. Thus, fraudsters gained access to the account, but could not carry out transactions due to two-factor authentication in the form of SMS messages to confirm operations.
To intercept SMS messages, attackers used “clones” of SIM cards. With the help of fake documents, they misled the employees of the communication salons and received duplicate SIM cards from their victims. Thanks to this, fraudsters could receive messages from banks necessary to confirm monetary transactions.
In total, the group stole 504.8 thousand euros, of which 240 thousand euros - from one victim.
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